BitCoin’s Got Talents

HODLing is “sinful”; what is investing?

Dedicated to: My father, Robert Stanley Pitts (Jan 14, 1932), who was always grinding like a servant #2 and was born and died in an economic bottom, and Robert Stanley Pitts Jr, a “servant #1 who’s consistently deploying ALL his talents, and Rich Barton another servant #2 who became a servant #1 via his brainchild Expedia which was my first investment in the internet, Q1 2001.

It took me over 40 years to learn the REAL message of “The Parable of the Talents”. It is one of our ancestors’ greatest lessons, and we should all learn it early — but in a way that makes sense to a MODERN audience. This article is an attempt to modernize the story, elaborate on it in more depth, and it also serves as a reminder to myself and my children of the power of using ALL your talents — particularly your excess capital & time. If you don’t know the parable, you should definitely read it now — here’s an excerpt highlighting the main lesson in it:

“Well done, good and faithful servant (#1). You have been faithful over a little; I will set you over much. Enter into the joy of your master. For to everyone who has, will more be given, and he will have abundance.” — Matthew 25: 14–30 [0]

[0] https://www.biblegateway.com/passage/?search=Matthew%2025%3A14-30&version=ESV

This line in the quote above was said to both servant #1 and servant #2, billed as the “good servants”, who invested Master’s capital of 5 and 2 TALENTS [0] (of silver) respectively, during Master’s 3-year trip away from his manor. “Saucy” servant #3, on the other hand, BURIED his 1 talent, and therefore impossible to double-up his investment. For returning only exactly the amount his Master had given him, servant #3 was tarred and feathered and cast into Israel’s version of hell!

“And cast the worthless servant (#3) into the outer darkness. In that place there will be weeping and gnashing of teeth.” — The Master

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Figure 1: There’s always a bull market somewhere, but you must WORK all your talents to find it: https://sym.re/JVk6kRF [0]

For Christian children, it’s a quick lesson:

‘Don’t waste your God-given TALENTS’

This is a very old message. The etymology of our modern use of the word “talent” even likely stems from J.C.’s [2] message to his apostles. There’s just one problem; it was Christian readers and Christian artists who interpreted servant #3 as spending his 3 years taking long naps (figure 1) & watching every season of Better Call Saul while Master was executing foreign diplomacy. The parable’s author, Matthew, did NOT write this “lazy servant” narrative specifically; so, to an open-minded reader of the New Testament like me — a second interpretation creeped into my head well after childhood when I had it’s message spoon fed to me by adults.

When you constantly consider investing in gold over your career and study long business cycles in history, you begin to wonder if maybe ol’ J.C. lived during a bull market? After all, deflationary collapses are frequent-enough in history that they can be considered as regular as winter. Without considering cycles, maybe servants #1 and #2 just got lucky?

Maybe servant #3’s only “sin” was his research was right but his timing was wrong? Perhaps he strongly believed all asset prices were about to dive in a recession while his master was away? What better way to please master than to have the price of pretty much everything go down, while the silver talent remains a “store of value”? Can you really fault a man for trying a thoroughly-researched thesis and getting it wrong? We can see the dangers of keeping this too brief, not modernizing it for better context & understanding, and not explaining all the nuances more properly, yes?

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Sometimes it’s GOLD & gold mining stocks which outperform for a long while — in this case over a decade. Servant #3 would’ve been popular duriing the 1929–1935 period! TAAL is a money “miner” as well, isn’t it? Just like Homestake Mining it trades on a stock exchange — the OTCQX. Just like Homestake, it will exist during one of America’s biggest deflationary collapses. See that green volatility in 1929 — think of that as today (Jan 2021)

A deflationary collapse is the precursor to hyperinflation like mint jelly on your dining room table tells you lamb is on its way. The necessity of a deflationary collapse is missed by pretty much all economic historians (including Economics-PhD-wielding “Pharisees” from legendary universities), but that’s a large topic best left to a future article. If you’re predicting the future and foresee an economic collapse, wouldn’t selling all your assets and “cashing out” — into the coins of the realm — be a great idea? (in addition to a swell time for a surfing vacation to Mexico). “Coins of the realm” means money — whichever commodity that is, in the era and locale in which assets are sold [3: wampum]. The very meaning of deflation is depressed prices for just about EVERYTHING vs money; thus, any cash you have, has its purchasing power go UP during the calamity. In our 3-servants parable, if one talent bought a single lamb when Master left in 1913, in 1916 that same talent of shiny metal likely bought a dozen lambs!

Did you ever wonder why charts of the Dow Jones Industrial (30) Average always begin on January 1915, even tho the DJIA predates that time by 3 decades? (for a future article)

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Burying money (HODL) takes very little work, but crafting a high quality artifact with it (BUIDL) is divine. Soon you will be able to invest money into SLictionary definitions & earn an annual return if the definitions are crafted well!

In modern times, burying the gold is like buying a low rate T-bond. Priced in dollars it doesn’t appear to go up, bummer! Not so fast, if at a later date it buys 6x the amount it did previous to buying it, then it’s returned a very real relative return of 500%! Relative performance is an easy concept, but very illusive for most, because the yardstick everyone uses to measure investment performance is dollars. Investments aren’t scalar [4] values, they are FRACTIONS with both numerator (what you bought) and denominator (what you gave up to buy it).

Investment is a fraction: an asset’s return in numerator vs opportunity cost in the denominator

Many things in life are fractions, but treated wrongly as scalar values. A similar “fraction not scalar” concept was mentioned in “What is BitCoin?” [5] when the downside RISK was considered (what everyone ignores) rather than just focusing on the potential upside to owning BitCoin (which everyone does). This yin and yang can also be seen in sports!

In baseball an outfielder making a catch above the wall is worth the same amount as if he hit a home run in his next at-bat. It’s just that prior to Billy Beane’s Moneyball no one in baseball thought this way. Baseball men routinely fell for the sex-appeal of home-runs over defense, and perhaps our Israeli Master in our parable thought in the same terms?

Amazingly, this rise in purchasing power of money during deflationary collapses will even prove true for heavily-printed fiat dollars, euros, yen, yuan, pounds — any fiat — even with all the money printing of the past 50 years! The reason? People don’t always recognize what real money is; thus, when they sell, it’s in exchange for what is perceived as money rather than what is actual money [4].

So doesn’t all this mean that we should seriously reconsider the investment skills of servant #3? Is burying talent good when your peers are speculating in high-flyers like btc at $27,000?

Is Servant #3 wicked smaht & J.C. a bubble-chaser?

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Maybe Servant #3 did a LOT of homework before deciding to bury the 1 talent, and only APPEARED to be loafing after doing all that prep-work?

Perhaps “servant #3” in the parable was a studious fellow who knew his cycles and was predicting deflationary collapse while his Master was away? He just got it wrong by a few months or years, while The Promised Land’s version of Tesla & btc went up for servants #1 and #2? Had he been luckier, such as a 1929–1933 period in history, it would be the other two servants who had nothing for Master upon his return, and he’d be praised for steadfastly securing the gold in the ground — in addition to being well rested for the next leg up in markets!

I studied cycles…

…American, English, Roman, and even some Mesopotamian history for a decent chunk of 10 years. I made plenty of errors, and many of my friends even joked I’d “retired”. But in the end, after lots of researching, I had some new theories about running money which more resembled what Peter Turchin [2] is thinking → with his pine beetles relationship to human cycles. Everyone else on Wall Street seemed to be slaves to the lessons of the previous generation of successful money managers — yessir-ing what Graham & Dodd taught without doing any unique research. Benjamin Graham, after all, wrote his “Security Analysis” tome AFTER the great fall in stocks in 1932 because he likely got his ass handed to him. Graham did his original research at least; it seemed to me that there was more to life than copying the old hedge fund model. What can be a new better way of managing money which disrupts the status quo established by pioneers like Julian Robertson and Alfred Winslow Jones? [3]

Part of my big-cycle study was arriving at a conclusion for what to invest if collapse were imminent. Gold and Cash are only attractive in these economic winter conditions — such as I’d witnessed first hand with:

  1. the 1987 Crash & recession in my teenage years
  2. the dotcom bubble bursting from 1999–2002 and
  3. the banking and real estate debacle of 2007–2011.

To find out what “worked” in deflationary collapses, I got heavy in gold and its 3,000 year history in coins. I learned as much as I could about cash — how the US Dollar works. I studied the history of the dollar, going back over 200 years, including it’s stints as both metallic money and paper currency. Devaluation, the Federal Reserve system, “wildcat banking”, and banking collapses in history. Understanding money was a big endeavor — I even studied cryptocurrencies when, to my knowledge, they emerged in the late 1990s in brands like GoldMoney and eGold. I studied history, and even religion. Perhaps it was revisiting extremely old texts like the Bible which made me realize history was mostly missing economics — in favor of the sexual preferences of Kings and battles of many wars. In the parable of the talents I found a lesson in economics which like other biblical stories had likely been told at campfires long before J.C. told it to his disciples.

So how should someone who considers the cyclic reality of depressions view the one-sided parable? My childhood understanding of this parable was stymied. After all this study of cycles, I could have gone EITHER way on servant #3. Like Thomas sticking his hands in J.C.’s wounds, I doubted what my clergymen and elders had told me to think about the parable. Frankly, I always liked Thomas’s attitude, and I think J.C. did too or he would’ve gotten mad when Thomas asked to VERIFY.

“There’s always a bull market somewhere” — Jim Cramer

I didn’t REALLY undersand the New Testament message until the last couple years; when I challenged myself to find one thing I liked about Jim Cramer. It was just his catch phrase — I loved it. It was a message of hope. It was a dove with an olive branch arriving after my years at sea, saltily wondering if servant #3 was a hero instead of a goose.

ANSWER IN THE BACK OF THE BOOK: The parable of the talents is correct from start to finish, and the economic cycle does not matter. There’s always a bull market somewhere, and it’s YOUR job to find it! It turns out the message everyone told me as a child was spot-on: “Don’t waste your talents”. Perhaps this would be better said as “get to work” and accomplish something instead of living in fear!

In 2021 everything looks expensive; where’s the bull market?

At economic apogees [2] like today, every stock’s price is given credit for the next 20 years — in advance — and everything from menial labor prices to college educations has ABSURD prices. Why not cash out and go on vacation? This would be the easy solution — just bury the money and hope everything collapses around you so you can buy everything on the cheap and ride the elevator up again doing as little work as possible. Isn’t this the message of modern “self help” gurus like Tim Ferriss? Accomplish everything you want with ease! Wait, Tim Ferriss probably works his ass off trying to figure out hacks for everything and then writing books and making podcasts about it.

What about shorting — like finding a bull market in reverse?

Shorting stocks is a waste of time, and time is money [4]. This statement comes with a lot of weight, more than promising another article on the topic — it would be a topic for a book. There’s EVERYTHING wrong with shorting. This doesn’t mean you should NOT be “cashing out” many investments. You should be doing some strategic selling. In bubbles, stocks & assets are given years of advanced credit. Companies like Tesla haven’t yet made all the money Wall Street thinks will be made by that company. On a free-cash-flow basis, is Netflix even profitable yet? But selling just means even MORE money is piling up — no wonder the Master gave his servants so many talents to invest — he was increasing his number of eyes when the number of attractive investments was actually decreasing with higher prices. When the stack is mostly hay, and few needles, it’s actually time to invest more in research — R&D!

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Did you know Netflix burned $3 billion last year? (cash flow from operations plus capital expenditures). Yet Wall Street says it’s worth $250 billion for the right to burn billions many years in a row!

Everyone doesn’t need to become a professional investor. But shouldn’t those who’ve generated excess capital all hone and work our talents to maximize opportunities which present themselves during ALL parts of the cycle — even the tops where they may remain hidden from view amongst the headline-grabbing returns? In fact, the BEST long term opportunities probably lie at the turns, and by the time the deflationary collapse occurs you’ll need to have been studied-up on the next super-trend and be relatively knowledge-heavy in that asset/stock BEFORE the prices get relatively low. Here “relatively” is stressed, because while even great counter-cyclical stocks like Netflix will have their dips during deflationary collapses, the dip is nonsense compared to what comes after or even DURING the peak of something like “gold”. People just aren’t seeing it because they’re mesmerized by “number go up” stocks, and sometimes even ponzi schemes like Madoff, Enron, and btc.

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Do you see that nasty sell-off in Netflix from the Nasdaq peak in Nov 2007 to the “Great Recession” nadir in late 2008? Yeah, niether do I, and that’s the whole point.

Let’s begin assessing where we are in the beginning of 2021, to see if the parable of talents can lead us to heaven on earth?

What some call “HODL”, I call “servant #3”

btc, or “bitCORN” [7], is all the rage in 2020 because it’s the servant #3 investment du jour — even moreso than the dour gold-bugs’s gold and prescious-metals mining stocks! Paul Tudor Jones, Andreesen, Grayscale, Saylor, Dorsey, Novagratz and many others are leading the charge to “digital gold” as if buying and holding btc is either a revolution (literally) or an inflation hedge. This is a familiar story if you have a few decades under your belt of watching shenanigans like this unfold. These dudes are championing servant #3 mentality.

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Historical precedent: The bigwigs got the WorldWideWeb (www) protocol wrong too, as Time Warner and others plopped money down on the wrong internet horses — such as proprietary internet-protocol AOL — instead of the ultimate winners: AMZN, EXPE, GOTO (whose model was copied by Google a year later) and PCLN (who copied Rich Barton’s Expedia’s business model). All of these stocks were on firesale in early 2001; I know, because I bought my first internet stocks that year and these were the ones I picked.

In my previous article “What is BitCoin?” [7] I told you a little about John Jacob Astor[11]. J.J. Astor, the “Landlord of New York”, was no land HODLer, and he would have scoffed at the idea of sitting around waiting for Manhattan to get bigger while he keeps unsightly empty sand lots next to beautiful useful buildings going up around him. While the majority of his offspring’s wealth may have come from land price appreciation in Manhattan after his death, Astor developed & improved his land using 99 year leases.

Take a lesson from the game Monopoly, you can buy Mediterranean Ave & Baltic Avenue for $60 each, but it costs $500 to put hotels down on the properties. A customer landing on Baltic only pays a “toll” of $4 to the owner of the property when it’s undeveloped, but pays $450 to stay the night if your property has a hotel on it. Before it turns 2022, SLictionary will provide its customer-WORDBARON$ the same investment opportunity!

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You get 112x more money if you DEVELOP your land in Monopoly, and in 2021 SLictionary will show you the same is true of BitCoin UTXOs.

HISTORICAL PRECEDENT confirms “There’s Always a Bull Market Somewhere”

When investment talents on Wall Street SHOULD have been buying:

  • Amazon at $13 and then $5 in 2001
  • Google at the bargain IPO price of $80 in 2004
  • Apple during the options backdating scandal of the Fall of 2006 (weeks before Jobs announced iPhone), and
  • Netflix in 2007–2009 (market top OR bottom it didn’t matter, look a the chart above!)

…instead, they were looking at the shiny stalwarts of the last megatrend. IBM, Sun Microsystems, Oracle, DELL and Intel were intently considered at the dotcom bottom (2001–2002). Why? These companies were loved at the previous top. Isn’t this the same today with FAANG (Facedbook, amazon, Netflix, google) and btc “digital gold”? If we indeed had an economic collapse, Wall Street would shop for bargains among the fallen FAANGs, but they’d be missing the best investments of that point in time: BitCoin startups!

Wall Street will always be mesmerized and enticed by “number go up” assets, right when what SHOULD be getting done is RESEARCH into the next multi-decade megatrend everyone seems to be ignoring! If you like older historical precedent than the failings of bigwig investors to see the www megatrend when the best companies were on firesale in 2001, here’s another:

Most have heard of the South Sea Bubble, a classic tale of a company with no real utility gaining such widespread attention the smartest man of his era even invested heavily — Isaac Newton! Many know the story of Newton famously “buying a dip” near the $800 top in those shares, only to suffer financial ruin inside of a year. This wasn’t just some physics and math braniac either, Newton was also the Alexander Hamilton of his times — the official Master of the Royal Mint of England! He was the smartest man alive, and the head of the most powerful financial institution of his day. Knowing this history, you can almost smell a future president (Biden?) having his financial chief buy bitCORN on behalf of the US Government, can’t you? But let me tell you something you probably do not know about Isaac Newton and the South Sea Bubble story…

[South Sea Company] shares enjoyed a gentle appreciation because of the prevailing notion that the trade monopoly would be fully implemented once a lasting peace was won.

What helped spread this belief was a new, burgeoning medium: the newspaper. The number of dailies in London, for example, went from one to 18 during the seven years to 1709. Glowing articles appeared, written in some cases by famous authors such as Jonathan Swift and Daniel Defoe.

Sir Isaac Newton lived during a time of one of the greatest business revolutions in the world — the NEWSPAPER!! WHILE HE WAS WASTING TIME HODLING NUMBER GO UP IN THE POPULAR TRADING-VEHICLE OF THE DAY, HE COULD HAVE BEEN INVESTING IN THE BEST INVESTMENTS OF THE NEXT 200 YEARS.

Newspapers, much like internet companies today, were set to “print money” for the next 200+ years. Benjamin Franklin became one of the wealthiest men in America thanks to the newspaper. Thomas Payne started a revolution with his “pen” writing pamphlets. “Citizen Kane” William Randolph Hearst, Pulitzer & the New York Times, the Wall Street Journal, and Warren Buffetted all got rich on newspapers. Jeff Bezos even bought himself a newspaper, and Pierre Omidyar and Jack Dorsey’s former partner Biz Stone (this very article is written on Stone’s Medium) are busy trying to reinvent the new version of the newspaper. What the fuck was Isaac Newton doing speculating in South Sea HODL-crap when the world’s biggest financial and societal megatrend was in its infancy????? Because ol’ polymath Isaac didn’t understand the Parable of the Talents, just like I didn’t a mere 2 years ago.

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Some themes seem to last forever, like the revolution-against-Empire story of Star Wars, the secret service agent James Bond, and the ever-social Medium of the newspaper. BitCoin is no exception, it’s a new take on the world wide web, envisioned by a guy who thinks IPv6 is fascinating stuff!

The BitCoin “MetaNet”: A New Beginning

Think of BitCoin (#BSV) like a new refresh of the Star Wars franchise which, like newspaper-biz, never seems to die. It’s the same theme of worldwide web connectivity which began with Tim Berners-Lee’s protocol but now it’s “A New Hope” and “A New Beginning”.

“Cloud” was the proper investment of the last decade — not this NEXT decade. What will overtake cloud? Like the last few economic mins and maxes, it will probably be something similar, but also something highly ridiculed by the group who appears to be smartest on the previous subject. Do you remember what Steve Ballmer was saying about iPhone circa 2007?

I had effectively bet my career on Google in 2004 and 2005, and again on Apple in 2009, 2013, and 2016. The world’s smartest technologists and financial titans disagreed. Today they disagree again; get used to it, and be careful; because, tomorrow it might be an older you who doesn’t see the coming change.

Today the technological experts in Silicon Valley and Wall Street will tell you to be in Google, Facebook, Twitter, Netflix, and Amazon, and most of all btc — because it’s “digital gold.” Hell, even Peter Schiff is challenging everyone to teach him what’s so good about btc — because he’s mesmerized by “number go up” like everyone else. Ray Dalio (world’s biggest money manager) and Nouriel Roubini are giving great press to btc even while deriding it publicly. Experts are wrong — frequently — and they’ll be left behind if they don’t get educated on BitCoin. But don’t YOU get left behind, study up while others are distracted. Learn BitCoin, it pays.

It’s called BitCoin; BitCoin is BSV (it’s copyrighted)

In the early zeroes, experts paid lots of attention to Enron too, and very little to the ICE Exchange which fully “drank its milkshake”. I’m here to tell you BitCoin Satoshi Vision is going to drink btc’s milkshake, and if you aren’t prepared for that outcome, you’re going to lose no matter how may millions and billions you manage, no matter how big your name is currently on Wall Street.

Notice the guy with the grizzly resume schooling the tidy sparkly kid in the Wall Street suit? That’s BSV explaining the mirage by which the btc INSTITUTIONAL big-wigs have been mesmerized in 2020.

BSV already has it’s straw in your “digital gold” milkshake

When nChain finishes restoring original BitCoin, adds threading to make it scale beyond our wildest dreams, and then releases their TERANODE transaction-processing Node software into the wild — look out world. What will those milestones provide?

AWS + Visa/MC + All Federal Reserve Banks…in one.

BitCoin is an unstoppable commodity — it’s the ultimate solution for commoditizing computation, just like the steel barrel commoditized oil and the container commoditized shipping.

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Here’s where MY 5 talents lie:

I recently just completed 2 years of intense research on BitCoin, with every bit of time I could muster, and this Fall (2020) after studying the coming zero-satoshi-transactions [8] I have reached full confidence in it. Understanding BitCoin wasn’t a task for servant #3. Getting BitCoin right early requires a lot of multi-disciplinary research— studying which frankly never seems complete. If you inspect the BSV community close enough, you’ll start to notice that the brightest stars in it have started to emulate the pursuit of multi-disciplinary education like BitCoin’s founder Craig Wright. Ryan X Charles is studying under Dr Wright in a throwback to a time when a doctorate meant you knew the topic well enough to become a “teacher” and had pushed the knowledge in the field beyond the boundaries of peers (like Money Button’s collaboration with nChain on paymail). This trend isn’t fawning over the inventor — it just necessary to take advantage of all BitCoin can offer when creating and building with it.

BitCoin, when done right, is a simple protocol which is decieving in it’s transactional simplicity. It’s minimalist, but that’s what gives it such great complex future abilities. If you had 2.1 quadrillion Legos and a lot of time, you could probably build just about anything, yes? Like Legos’ standard 2x4 brick, BitCoin’s scripting language and standardized protocol format allows neverending complexity.

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Like steel i-beams, a Lego 2x4 brick is a standard commodity for builders and so is a BSV satoshi. Whereas a btc satoshi is devoid of full scripting language capability and therefore has no utility when times get tough.

COMPUTING > MONEY

BitCoin’s headline story has been as the successor to both fiat national money but also gold and silver too. This is possibly true many decades from now, but only if you’re using the BitCoin that scales. However, these monetary considerations would be just a bonus, as what BitCoin really does is commoditize computing. Governments may or may not try to stop it, but since BitCoin is a distributed robust commodity it will gravitate to the nations which embrace it and punish those which fight it. The US tried to restrict exports of cryptography once[4?], it was a huge mistake that had the opposite effect as it’s intention — and that same lesson will happen to nations who restrict BitCoin Satoshi Vision.

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Here’s yet another Adam Back reference that’s overblown in its importance! But it does stand as a symbolic warning for governments who try to overly control the advancement of technology.

BSV is like the silver money of the pre-paper-dollar; it’s just the hard commodity itself. The US Dollar was 1 troy ounce of silver, for over 200 years prior to the American Revolution, and 140 years after it [5? 1933’s 40% dilution]. The key to understanding why BitCoin can function as hard money, is studying the REAL definition of money itself. But the definition must be gotten right — it’s not an opinion or how you feel about it. After 2,600 years of metal money and 50 years of paper/electronic currency even Econ PhDs don’t understand how a new money begins its life. There just isn’t sufficient Lydian history to see how it grew in the first few years. This is why something like wampum’s short sojourn in the 1600s is such a neat, rich, and modern-enough example to study [3].

Another great thing to study, and only slightly less hard, is the effects of the Spanish mother lode of silver in 16th century Peru (now Bolivia) on the worldwide economy with respect to money. The Spanish pieces of 8 were the very basis of the US Hamiltonian “Dolare”, and for good reason. The discovery of that large Peruvian vein of silver in the 1500s is BitCoin’s historical precedent and will be somewhat repeated when a FAANG-stock or two switches from high margin (but slowing) cloud service to becoming a BitCoin Node. This will be as inevitable as the worldwide standardization of 1 troy ounce silver Czech talers — Spanish “pieces of 8” dolares — Hamiltonian dollars.

BitCoin’s future price stability

Even with large step-increases in transaction processing power at times, the nice thing is, BitCoin should prove a bit more stable than metal money. BitCoin will not be without volatility, mind you, as BitCoin is a commodity; but, perhaps the most equivalent comp is the price stability of oil prices during the peak monopolistic power of Standard Oil. Looking at a chart of oil prices before and after Roosevelt & Sherman (Anti-trust Act) shot America in the foot, you will see the future of what monetary price stability will look like. As usage increases and Node providers become fewer and stronger, BitCoin’s price will become more stable. “Store of Value” is about long-lasting price stability as much as it’s about utility. btc has neither; BSV will have both.

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This is the type of chart showing “store of value”; from the late 1870s to the early 1970s represents 100 years of low volatility

BitCoin is bigger than oil — much bigger. It’s the final leg of the computational revolution.

Computational epochs:

  1. 1960–1980 Big Box Computers (IBM mainframes)
  2. 1980–2000 Transistors + Personal Computers (“Wintel”)
  3. 1990–2010 Internet (World Wide Web)
  4. 2010–2030 Mobile + Apps (iPhone)
  5. 2020… BitCoin (BSV)

Until BSV fully commoditizes computation in 2021, with the return and solidification of the original protocol, computation remains in uncommoditized “cloud” form in the hands of AWS, googleCloud, etc.

Human progress cannot be outlawed

Commoditization is exactly why not even governments can stop a BitCoin — you don’t stop efficiency in technology. Stopping the metamorphosis of an asset class into a commodity is national suicide. The object is to make asset classes MORE efficient, not less!

Even if certain governments made BitCoin illegal to own, commodities are just commodities — they will find users anyway. BSV’s recent “signing” of Tuvalu is a national example of how BitCoin will find winners among competing nations. The earlier a nation uses original BitCoin (BSV), the more market share it will gain vs other nations.

What is the upside to doing research work on BitCoin (SV) now?

BitCoin is the greatest invention since the transistor. Meanwhile Wall Street is chasing madoffy ghost money (btc). It’s crazy. You can’t write fiction better than what’s going on right now! But remember, the South Sea Company may have been a bubble, but it ushered in the era of stocks. So now imagine you’re Isaac Newton with a “do-over” chance. You can yank all your investments in Sou Sea Company, and invest the proceeds into newspaper startups — diamonds in the rough. Turn thousands into millions!

The Future of BitCoin — Predictions

Consider these “answers in the back of the book” for those looking to not waste their analytical talents.

There’s no such thing as cryptocurrency sector — there is only the BitCoin sector. It will be as vast as the internet trend, with just as many heroes rising up from 2-man “garage-band” startups to create trillion-dollar BSV-based companies. The best investments of 2019–2021 are the ones you’d probably least expect — private and small but containing visionaries who see 10 and 20 years ahead.

The highest paid guys on Wall Street will be “MetaNet” analysts inside 10 years.

The survivors among the internety FAANGs, to the BitCoin onslaught, will be whichever ones jump across their culty lines and adopt BitCoin. The two with the best chance are Square (Cash App whenit adopts the RIGHT BitCoin) and Snapchat.

Square’s transition from btc to BSV will be due to necessity. Jack is making costly mistakes which will end Twitter, it’s not savable at this point [12: See Twetch, Powping]; BUT, Square is not only savable but would quickly be able to get on the right horse as they already have a platform “jockey” (Cash App) waiting for a true stallion to ride. The money will be too much for Jack to resist despite his mistakes.

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Has a big moat via advertising partners like Chipotle & strong user-base familiar with digital assets; all they need to do is adopt BitCoin (BitCoin = BSV)

SnapChat will adopt BSV because microtransactions + Lens Studio (The #1 augmented reality platform on planet earth) will make Snap FAR more money than advertising ever could. It’s a match made in heaven — and too strong economics to ignore.

https://sym.re/Lo6TCjc

Satoshi Nakamoto is Dr Craig S Wright, and this is no longer disputable — the cat is officially out of the bag as of this month (Nov 2020) thanks to the courts. Overall I have to admit Craig’s 4 year plan to reveal himself has been strategically brilliant. If only the Wright Brothers has been as saavy — and they were pretty good about it — but not at this level! [10]

History repeats in more ways than one; no dynaic duo will have dominated a sector so one-sidedly since Rockefeller & Morgan, as the “C&C Factory”: Calvin Ayre + Craig Wright.

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The original C&C? But not the last or most imporant C&C combo!

So what should a servant #1 or servant #2 do?

There’s always a bull market somewhere, and this article has aimed to truly help you find it. Jim Cramer himself is “out to lunch” on bitcoin, recently recommending btc as part of a diverse portfolio just like he and George Gilder were gung-ho on AOL in 1999. Right theme; wrong stock picks. Perhaps this is poetic justice for the man who is reteaching the lesson of J.C.’s parable of the talents to a modern audience? He’s a bit more of servant #3 at the moment, but who knows? Maybe he’ll “do his homework” like Rich Barton, Reed Hastings, Jeff Bezos, and Steve Jobs did for the internet megatrend and figure out how to harness the 2.1 quadrillion horsepower of BitCoin Satoshi Vision?

Servant #1: The Andy Bechtolsheim Era

If you’re a man of capital means, you should be researching BitCoin SV startups. $20,000 and up. 2019–2021 is what I call the Andy Bechtolsheim Era. Andy met the Google founders and the lightbulb went immediately off in his head; he whipped out his checkbook so fast the founders couldn’t even cash the check because they hadn’t incorporated yet! This is BitCoin SV today. If a founder matches YOUR vision, don’t wait, because the risk/reward will NEVER be as good as it is right now. In fact, it won’t be long before the valuations get richer.

Servant #2: eBayers, YouTube millionaires & Etsy Artisans

Just because you haven’t saved up millions by now, doesn’t mean you have to settle for HODLing. Remember the lesson of Astor, he didn’t sit on empty land — he developed. But there’s more ways to “develop” than being a coder — don’t let the nerds have their revenge!

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Coders are now dominating the world, and before them it was Wall Street Geeks — so it’s time for “Main Street Squares” to rise again using micro-amounts of BitCoin as their weapon.

I witnessed eBayers go from selling old sneakers to running memorabilia shops and quitting their day job. I watched hobbyist YouTubers interested in esoteric things like prepping, unboxing electronics, and creepy celebrity stanning become millionaires simply by using new technologies in creative ways. Etsy artisans turned home crafts into businesses — making leather booties for babies or woodburning personalized suitcase tags! BitCoin will likewise feed all, not just the rich.

In 2021 SLictionary ( https://www.slictionary.com/WordBounty ) will introduce the Information Stock Market. Definitions on tokens, which are as tradable as Monopoly properties (Baltic Ave above) and have real cash flows associated with them. The dawn of micro-businesses and mini-stocks. For as little as $2.00 you will be able to buy a franchise — a word — which can allow you to retire at scale (in 2030 or 2040). Right now it’s called Word Bounty, and it’s on a “Patreon”-like model for starters. But that is just the early roadmap already delivered — the age of WORDBARONS is coming soon. For now, it’s the era of WORD$MITHS. You can define words now for just a 1¢ upfront investment, and you can even take down bounties with guaranteed payouts. Owning words as either WORD$MITH today, or WORDBARON tomorrow, is the avenue for Servant #2s to become Servant #1s. It’s pure captitalism at its finest — you’ll never want to use another dictionary again. More importantly, HODLing information will make you richer than HODLing BSV. (future article)

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The history of HODL. There will always be servant #3s, but just don’t let it be you.

Servant #3: HODL

Servant #3 HODLed, and was cast into hell. There is no reason to do this. We outlined that the biggest difference between owning $TAALF stock and owning #BSV tokens is cashflows. TAALF can earn money, and raw BSV cannot. But BSV related to information — THAT can earn cashflows (SLictionary example). You don’t need anymore than 1 penny to begin the new HODL — information HODLing. Information HODLing is data with a cashflow. Mini-stocks. It comes in more forms than just owning a word. Own a video, by MAKING a video on Team Streamanity. Twetch or powping a timeless nugget of knowledge into the immutable ledger. Write a BitPost or powpress. Write a song and place it on Blare; cast a pod of knowledge on Castr.fm.

But the absolutely most SINFUL thing you can do?

HODL bitCORNs. Here’s a video of servant #3’s fait when you play HODL roulette with Saylor, Andreesen, Paul Tudor Jones, and even “Always a bull market somewhere” Jim Cramer…

HODLing btc: The guy confidently combing his hair has probably won a few “lambos” playing this game, but eventually the cliff is his ending. (Dr. Craig Wright is played by James Dean)

The bull market is here, in BitCoin Satoshi Vision, get your head out of the ground and use those research talents!

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Writing doesn’t really pay — YET. Penning articles is a labor of love.

It’s my goal to change that with SL Corp — Structured Linguistics Corporation. But until then, if you got anything from this article…

$JOHNPITTS on HandCash (HandCash because I like those little messages of inspiration more than the monetary micropayments one gets for writing these days)

Speeaking of talent, please check out the upcoming series on Team Streamanity “BitCoin’s Got Talent” via https://twitter.com/bitcointalent

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REFERENCES & FOOTNOTES

[0] “The Parable of the Talents”

definition of “talent”, courtesy of www.SLictionary.com

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talent as a weight or measurement of silver, courtesy SLictionary
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Talent as godly gift, courtesy of SLictionary

[1] “Jesus”

It will cost you 1¢ on www.SLictionary.com to look up this word. Jesus was actually a record-breaking $3.00 Word Bounty posted generously by “husseino” & defined by Word$miths of no less than FIVE different religious bents — the way a topic SHOULD be covered by a fair information purveyor. [cough NOT WIKIPEDIA cough]

[2] Peter Turchin’s pine beetles & human nature

Graham & Dodd’s “Security Analysis”, the stock picker’s Bible.

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[3] Read “What is Money?”: the wampum article.

Money is the commodity which forms the denominator in the majority of trading transactions, and for 30 years in the 1600s it was wampum!

[4] “scalar”

per www.SLictionary.com

[5] Alfred Winslow Jones, the father of the hedge fund

https://www.valuewalk.com/alfred-winslow-jones/

[6] “apogee”

per www.SLictionary.com

[7] “What is BitCoin? Zen Yotta Mond Data”

(Zen Yotta Mond Data = Elegant Supermassive World Information-containers)

[8] “bitCORN”

per www.SLictionary.com

[9] “Isaac Newton was a brilliant scientist, but a pretty lousy investor” — by Larry Macdonald, The Globe & Mail

Newton began buying the stock in 1712. Over the next eight years, he picked up more shares, using his savings and the proceeds from selling his shares in other companies. In 1720, he converted his government bonds and annuities into the stock. [South Sea Company] shares enjoyed a gentle appreciation because of the prevailing notion that the trade monopoly would be fully implemented once a lasting peace was won.

What helped spread this belief was a new, burgeoning medium: the newspaper. The number of dailies in London, for example, went from one to 18 during the seven years to 1709. Glowing articles appeared, written in some cases by famous authors such as Jonathan Swift and Daniel Defoe.

The price of South Sea Co.’s stock shot up in 1720, from £128 in early January to £350 in April. At this point, Newton unloaded most of his shares for a profit of more than £20,000 (about $4-million in current U.S. dollars).

The stock kept soaring. With England in a euphoric mood, watching from the sidelines was hard to do: Newton jumped back in during June and went all in at about £700 a share. Shortly after, the price hit £800, making the company worth twice the value of all the land in England.

But the share price could only be increased so far above the company’s fundamental value. In the summer, news broke that insiders were selling. The stock began to tumble and within a few weeks, plunged all the way back to the £200 level. So ended the infamous South Sea Bubble.

Newton began 1720 with stocks and bonds worth approximately £32,000 (close to $6-million in current U.S. dollars), according to Professor Andrew Odlyzko’s research in the Royal Society Journal of the History of Science. Newton ended 1720 with a third less capital, his portfolio consisting mostly of South Sea shares.

[10] Read “3 Wrights Don’t Make a Wrong”

https://sym.re/Gd9JA2o …to understand how it was easy to miss Satoshi Nakamoto hiding in plain sight.

[11] John Jacob Astor: Landlord of New York — Matthew Josephson

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To read about historical people, it’s best to read the authors closer to the age of the history — better historical perspective.

[12] Social Media apps which can take down today’s household names (Facebook/Instagram, Twitter)

Try https://twet.ch/inv/6abc1439 (it’s like Twitter without the clutter)

Try https://powping.com/ (it’s like reddit, but with payment-tips)

Recommends the BEST equities (“Diamonds”) WHEN they are (“in the Roughage”) at the lowest price to achieve the highest long term gains.

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