Ponzi schemes and MLM schemes are by design corrupt. They are designed to confuse and or hoodwink the investor or participant into believing he is buying into a surefire road to riches.
When a computer programmer designs and programs a computer program, or in the case of the crypto-world, a block-chain algorithm, etc., the idea that one now has a fool-proof mechanism of high integrity is a false narrative as this assertion is not only linked to the programmer’s skill set, or lack thereof, but is also linked to the very character of the individual software developers involved. Some are of low character and more often than not, most certainly share the natural traits of the human race that have for since the beginning of time proved fallible; jealousy, greed, and just plain evil. Ranking these traits of human nature and deviance can indeed prove difficult. Over and over again, the software gods, pushers, and thinkers of the universe have proven to be petty tyrants and social manipulators; notables include Mark Zuckerberg and (Meta) Facebook, Jack Dorsey and Twitter, Elon Musk and Paypal, Larry Page and Sergei Brin and Google, and Matt Mullenweg, the creator of WordPress. The field of human strife and suffering runs red with their blood. The internet can’t soak it up fast enough.
The sociopath makes up approximately 3 to 5 percent of the general population. According to the American Psychiatric Association, about three out of 100 males and one in 100 are sociopaths. Approximately 70 percent of sociopaths come from fatherless homes and 30 percent are born out of wedlock. As many as 15 to 25 percent of prison inmates show signs of being sociopaths.
There are over 19,000 block-chain tokens…do the math. Was yours designed by or being run by a sociopath?
Hero worship is shallow indeed. The gene-pool is somewhat shallow. Genius often comes with two heads and green funk between six toes. A smelly software writing punk remains a punk no matter the delusional world-wide worship of his code.
Proof of stake, touted to be a carbon-neutral mechanism of block-chain development, has become the woken software equivalent of the current Post Kennedy LBJ Democratic Party philosophy where the moral superiority of what is good for the Democratic Party is surely good for the nation, and laws may be bent, ignored, or applied based on party affiliation, fidelity, subservience, and obedience.
According to Wikipedia:
Proof-of-stake protocols are a class of consensus mechanisms for blockchains that work by selecting validators in proportion to their quantity of holdings in the associated cryptocurrency. This is done to avoid the computational cost of proof-of-work schemes. The first functioning use of PoS for cryptocurrency was Peercoin in 2012.
This my friend is not much different than the Multi-Level Nu-skin or LuLaroe Superstar getting to the top by owning more inventory than the next guy or gal. The system is thus propped up by closeted inventory sitting in the basements of housewives across the county. The system depends on a continuing influx of worker ants. In the case of token invention, the block-chains currently being built depend on hype and fiat dollar input into the system by the next fool sitting in his mama’s basement.
The most shocking scheme in the block-chain universe is Ether (Ethereum), a Bitcoin-like token that has no cap. Bitcoin is stated to be limited to 21,000,000 tokens. Ether on the other hand is unlimited. This is obvious fraud. Many “investors” simply do not understand the difference. Although Bitcoin may seem like a sure bet, the question should be asked; what if Satoshi re-appears on the scene and re-writes or hijacks his own code and triples the Bitcoin cap to 63,000,000? Oh, this cannot happen you say. Really? There is always a greater fool out there. Ethereum block-chain is an open book, or non-exclusive club where any genius with code can create a token at will and thus launch it into Ponzi-heaven, or onto the 500 plus unregulated crypto exchanges where basement mamas-boys trade their allowances and welfare checks away.
Proof of Stake props up the system. Proof of Stake = Proof of Ponzi.
No strong man, in good health, can be neglected, if he be true to himself. For the benefit of the young, I wish we had a correct account of the number of persons who fail to success, in a thousand who resolutely strive to do well. I do not think it exceeds on per cent.
The Tulip Folly, by Jean-Léon Gérôme, 1882. A nobleman guards an exceptional bloom as soldiers trample flowerbeds in a vain attempt to stabilise the tulip market by limiting the supply.
Mark Zuckerberg has become the poster boy of modern Tulip mania. It is not clear as to whether or not he is [...] Read more →
4 November 2021; Alex Mashinsky, Celcius, on Centre Stage during day three of Web Summit 2021 at the Altice Arena in Lisbon, Portugal. Photo by Piaras Ó Mídheach/Web Summit via Sportsfile
Ponzi schemes and MLM schemes are by design corrupt. They are designed to confuse and or hoodwink the investor or participant into believing he is buying into a surefire road to riches.
When a computer programmer designs and programs a computer program, or in the case of the crypto-world, a [...] Read more →
Are you dissatisfied with the Savings Account and CD Interest Rates your bank currently has on offer?
If so, go to https://www.treasurydirect.gov and open an account. The U.S. Government’s iBonds are currently earning 9.62% interest through October of this year.
Individuals may purchase $10,000 worth of iBonds per [...] Read more →
The rude awakening over the past year of increasingly high food and gas prices has been quite the shock for the American consumer. The U.S. Federal Government and Federal Reserve Bank’s sluggish reaction to growing consumer price inflation certainly have not helped. If history is to be our guide, there is more [...] Read more →
Listening to MicroStrategy CEO Saylor’s naive proclamations about Bitcoin on MSBC this morning remind me of why stupid people go broke faster.
MicroStrategy—a money losing business software developer that trades under Ticker MSTR—is currently trading for an inflated price of around $168 per share. This share price could soon collapse. [...] Read more →
Propaganda is generally what is being passed off for news these days.
It comes from all perspectives; progressive, conservative, and marginal extremes.
Understanding the language of propaganda is necessary to enable one to quickly filter out articles written with persuasive goals as their ultimate objective. Any article that [...] Read more →
“Energy prices are set by global commodity prices …” Federal Reserve Chairman Powell June 15th, 2022
What follows is President Joe Biden’s delusional letter to oil company executives. I have added commentary to address the delusion. My comments are highlighted in yellow and parenthesis.
FEDERAL TRADE COMMISSION16 CFR Part 23Guides for the Jewelry, PreciousMetals, and Pewter Industries
The US Government has laws guiding the business practices of the Jewelry and Precious Metals Industries. If you are unclear as a seller as to your obligations under the law as related to any [...] Read more →
EBay is rife with fake gemstone sellers. But they are not alone. Other gemstone auction sites such as Gem Rock Auctions, and others host shifty peddlers, often unbeknownst to a few oblivious site owners. Although some sites claim to police the legitimacy of their sales, buying gemstones online will always carry risk. [...] Read more →
Seems everybody owns one these days from the local banker, barber, car barker and even the occasional newspaper delivery boy. Heck, we would assert that the newspaper delivery boy is indeed much more rare than that Rolex Submariner on his wrist.
It might surprise the watch buying public to learn that Rolex watches are mass produced.
In fact, millions of Rolex watches have been manufactured since 1929 when Hans Wilsdorf and Alfred Davis established the Wisdorf and Davis company in London, England in 1905. The name Rolex was registered in 1908 [...] Read more →
A Satire of Tulip Mania by Jan Brueghel the Younger (ca. 1640) depicts speculators as brainless monkeys in contemporary upper-class dress. In a commentary on the economic folly, one monkey urinates on the previously valuable plants, others appear in debtor’s court and one is carried to the grave.
Max Ernst – Photo from the Dutch National Archives
Art fraud on eBay is rampant. Whether intentional or unintentional on the seller’s part, fake art remains fake art.
Lately, a seller going by the moniker gallery83fineart has an amazing collection of Max Ernst prints or photographs that are apparently signed [...] Read more →
A rose-cut synthetic diamond created by Apollo Diamond using a patented chemical vapour deposition process.
The much overused word, sustainability, has been seared into the hearts and minds of Millennials and Generation Z. Using that word, the two groups have been duped into believing some amazing myths. Among those are that [...] Read more →
There once was a man who sold the Brooklyn Bridge(three times), Madison Square Garden, and The Metropolitan Museum of Art, Grant’s Tomb, and the Statue of Liberty to unsuspecting immigrants landing in New York City seeking out the American Dream. The salesman’s name was George C. Parker. [...] Read more →
Prisons as places of detention are very ancient institutions. As soon as men had learned the way to build, in stone, as in Egypt, or with bricks, as in Mesopotamia, when kings had many-towered fortresses, and the great barons castles [...] Read more →
Country House Essays, the book is now in print. This is an eclectic collection of both original, and historical essays, poems, books, and articles created for our loyal reader hear at CountryHouseEssays.com. It is jam packed with reprints of articles from this website. The cost is $49.95 for this massive [...] Read more →
Although the light of nature, and the works of creation and providence, do so far manifest the goodness, wisdom, and power of God, as to leave men inexcusable; yet are they not sufficient to give that knowledge of God, and of his will, which is necessary [...] Read more →
Harvey Wiley, Chief Chemist of the Department of Agriculture’s Division of Chemistry (third from the right) with his staff, not long after he joined the division in 1883. Wiley’s scientific expertise and political skills were a key to passage of the 1906 Food and Drugs Act and the creation of the FDA.
“Saint John’s Gate, Clerkenwell, the main gateway to the Priory of Saint John of Jerusalem,” black and white photograph by the British photographer Henry Dixon, 1880. The church was founded in the 12th century by Jordan de Briset, a Norman knight. Prior Docwra completed the gatehouse shown in this photograph in 1504. The gateway [...] Read more →
The University of Tennessee in Knoxville, Tennessee has a long heralded tradition of assisting farmers and growers through it’s Agricultural Extension Service. The following bulletin entitled Grape Growing in Tennessee discusses the Muscadine variety of grapes among others. Muscadine grapes are often found growing wild in Tennessee. On my grandfather’s West Tennessee [...] Read more →
Resolution adapted at the New Orleans Convention of the American Institute of Banking, October 9, 1919:
“Ours is an educational association organized for the benefit of the banking fraternity of the country and within our membership may be found on an equal basis both employees and employers; and in full appreciation [...] Read more →
Reprinted from FineModelShips.com with the kind permission of Dr. Michael Czytko
The SAN FELIPE is one of the most favoured ships among the ship model builders. The model is elegant, very beautifully designed, and makes a decorative piece of art to be displayed at home or in [...] Read more →
By the death of Mr. Scarth on the 5th of April, at Tangier, where he had gone for his health’s sake, the familiar form of an old and much valued Member of the Institute has passed away. Harry Mengden Scarth was bron at Staindrop in Durham, [...] Read more →
A Lecture Delivered at the Guildhall, March 2, 1853 by Rev. H.M. Scarth, M.A., Rector of Bathwick.
To understand the ancient history of the country in which we live, to know something of the arts and manners of the people who have preceded us, to ascertain what we owe to [...] Read more →
Eadweard Muybridge was a fascinating character. Click here to learn how Eadweard committed “Justifiable Homicide” after shooting his wife’s lover in 1874.
The arsenicals (compounds which contain the heavy metal element arsenic, As) have a long history of use in man – with both benevolent and malevolent intent. The name ‘arsenic’ is derived from the Greek word ‘arsenikon’ which means ‘potent'”. As early as 2000 BC, arsenic trioxide, obtained from smelting copper, was used [...] Read more →
Photo Caption: The Marquis of Zetland, KC, PC – otherwise known as Lawrence Dundas Son of: John Charles Dundas and: Margaret Matilda Talbot born: Friday 16 August 1844 died: Monday 11 March 1929 at Aske Hall Occupation: M.P. for Richmond Viceroy of Ireland Vice Lord Lieutenant of North Yorkshire Lord – in – Waiting [...] Read more →
H.F. Leonard was an instructor in wrestling at the New York Athletic Club. Katsukum Higashi was an instructor in Jujitsu.
“I say with emphasis and without qualification that I have been unable to find anything in jujitsu which is not known to Western wrestling. So far as I can see, [...] Read more →
It is a pity that the traditions and literature in praise of fly fishing have unconsciously hampered instead of expanded this graceful, effective sport. Many a sportsman has been anxious to share its joys, but appalled by the rapture of expression in describing its countless thrills and niceties he has been literally [...] Read more →
Although the light of nature, and the works of creation and providence, do so far manifest the goodness, wisdom, and power of God, as to leave men inexcusable; yet are they not sufficient to give that knowledge of God, and of his will, which is necessary [...] Read more →
Exhaust blackened dirty snow Bleak City cold winter sting Cars in ditches Tire chains and rock salt Doughnut shop at four am Factory whistle blows at five Hot coffee on the dashboard Eyes on the road Front wheel drive Cadillac I’ll make it on time
The greatest cause of failure in vinegar making is carelessness on the part of the operator. Intelligent separation should be made of the process into its various steps from the beginning to end.
PRESSING THE JUICE
The apples should be clean and ripe. If not clean, undesirable fermentations [...] Read more →
I once met a chap, hailed from Harvard said where’d ye attend school, this here is starboard On his diploma was a bit more yellow Than that on the belly of his scholarly fellows His hat was a good half inch taller Than his lapels which were narrowly smaller So I yanked him up [...] Read more →
DISTILLING TURPENTINE One of the Most Important Industries of the State of Georgia Injuring the Magnificent Trees Spirits, Resin, Tar, Pitch, and Crude Turpentine all from the Long Leaved Pine – “Naval Stores” So Called.
Dublin, Ga., May 8. – One of the most important industries [...] Read more →
Gold or silver watch chains can be cleaned with a very excellent result, no matter whether they may be matt or polished, by laying them for a few seconds in pure aqua ammonia; they are then rinsed in alcohol, and finally. shaken in clean sawdust, free from sand. [...] Read more →
Quite possibly, the most agonizing decision being made by Baby Boomers across the nation these days is what to do with all that vintage Hi-fi equipment and boxes full of classic rock and roll cassettes and 8-Tracks.
I faced this dilemma head-on this past summer as I definitely wanted in [...] Read more →
Over the years I have observed a decline in manners amongst young men as a general principle and though there is not one particular thing that may be asserted as the causal reason for this, one might speculate…
Self-awareness and being aware of one’s surroundings in social interactions [...] Read more →
The following recipes are from a small booklet entitled 500 Delicious Salads that was published for the Culinary Arts Institute in 1940 by Consolidated Book Publishers, Inc. 153 N. Michigan Ave., Chicago, Ill.
If you have been looking for a way to lighten up your salads and be free of [...] Read more →
Hernando de Soto (c1496-1542) Spanish explorer and his men torturing natives of Florida in his determination to find gold. Hand-coloured engraving. John Judkyn Memorial Collection, Freshford Manor, Bath
The print above depicts Spanish explorer Hernando de Soto and his band of conquistadors torturing Florida natives in order to extract information on where [...] Read more →
There are strange things done in the midnight sun By the men who moil for gold; The Arctic trails have their secret tales That would make your blood run cold; The Northern Lights have seen queer sights, But the queerest they ever did see Was that night [...] Read more →
Photo Caption: The Marquis of Zetland, KC, PC – otherwise known as Lawrence Dundas Son of: John Charles Dundas and: Margaret Matilda Talbot born: Friday 16 August 1844 died: Monday 11 March 1929 at Aske Hall Occupation: M.P. for Richmond Viceroy of Ireland Vice Lord Lieutenant of North Yorkshire Lord – in – Waiting [...] Read more →
Four Seasons fill the measure of the year; There are four seasons in the mind of man: He has his lusty spring, when fancy clear Takes in all beauty with an easy span; He has his Summer, when luxuriously Spring’s honied cud of youthful thoughts he loves To ruminate, and by such dreaming high [...] Read more →
If you’re looking for that most refreshing of summertime beverages for sipping out on the back patio or perhaps as a last drink before walking the plank, let me recommend my Blunderbuss Mai Tai. I picked up the basics to this recipe over thirty years ago when holed up in [...] Read more →
Toxicity of Rhododendron From Countrysideinfo.co.UK
“Potentially toxic chemicals, particularly ‘free’ phenols, and diterpenes, occur in significant quantities in the tissues of plants of Rhododendron species. Diterpenes, known as grayanotoxins, occur in the leaves, flowers and nectar of Rhododendrons. These differ from species to species. Not all species produce them, although Rhododendron ponticum [...] Read more →
If ever it could be said that there is such a thing as miracle healing soil, Ivan Sanderson said it best in his 1965 book entitled Ivan Sanderson’s Book of Great Jungles.
Sanderson grew up with a natural inclination towards adventure and learning. He hailed from Scotland [...] Read more →
PAINTER-WORK, in the building trade. When work is painted one or both of two distinct ends is achieved, namely the preservation and the coloration of the material painted. The compounds used for painting—taking the word as meaning a thin protective or decorative coat—are very numerous, including oil-paint of many kinds, distemper, whitewash, [...] Read more →
The magician delighted in exposing spiritualists as con men and frauds.
By EDMUND WILSON June 24, 1925
Houdini is a short strong stocky man with small feet and a very large head. Seen from the stage, his figure, with its short legs and its pugilist’s proportions, is less impressive than at close [...] Read more →
From Conquest of the Tropics by Frederick Upham Adams
Chapter VI – Birth of the United Fruit Company
Only those who have lived in the tropic and are familiar with the hazards which confront the cultivation and marketing of its fruits can readily understand [...] Read more →
Effective 01 August, 2013, the U. S. Coast Guard terminated its radio guard of the international voice distress, safety and calling frequency 2182 kHz and the international digital selective calling (DSC) distress and safety frequency 2187.5 kHz. Additionally, marine information and weather broadcasts transmitted [...] Read more →
The Hunt Saboteur is a national disgrace barking out loud, black mask on her face get those dogs off, get them off she did yell until a swift kick from me mare her voice it did quell and sent the Hunt Saboteur scurrying up vale to the full cry of hounds drowning out her [...] Read more →
“Energy prices are set by global commodity prices …” Federal Reserve Chairman Powell June 15th, 2022
What follows is President Joe Biden’s delusional letter to oil company executives. I have added commentary to address the delusion. My comments are highlighted in yellow and parenthesis.
Tuna fish being weighed on quay-side in Greece – Photo by Tom Oates
No two commercial tuna salads are prepared by exactly the same formula, but they do not show the wide variety characteristic of herring salad. The recipe given here is typical. It is offered, however, only as a guide. The [...] Read more →
The origin of the apothecary in England dates much further back than one would suppose from what your correspondent, “A Barrister-at-Law,” says about it. It is true he speaks only of apothecaries as a distinct branch of the medical profession, but long before Henry VIII’s time [...] Read more →
The arsenicals (compounds which contain the heavy metal element arsenic, As) have a long history of use in man – with both benevolent and malevolent intent. The name ‘arsenic’ is derived from the Greek word ‘arsenikon’ which means ‘potent'”. As early as 2000 BC, arsenic trioxide, obtained from smelting copper, was used [...] Read more →
St. Valentine kneeling in supplication – 1677 by David Teniers III
There is nothing more delightful than a great poetry reading to warm ones heart on a cold winter night fireside. Today is one of the coldest Valentine’s days on record, thus, nothing could be better than listening to [...] Read more →
Grapes are the world’s leading fruit crop and the eighth most important food crop in the world, exceeded only by the principal cereals and starchytubers. Though substantial quantities are used for fresh fruit, raisins, juice and preserves, most of the world’s annual production of about 60 million [...] Read more →
Reprint from The Sportsman’s Cabinet and Town and Country Magazine, Vol I. Dec. 1832, Pg. 94-95
To the Editor of the Cabinet.
SIR,
Possessing that anxious feeling so common among shooters on the near approach of the 12th of August, I honestly confess I was not able to [...] Read more →
