Tag Archives: knowledge

Why Bitcoin and Cryptoassets are NOT Stupid

Did you read Mr. Money Mustache’s newest post titled Why Bitcoin is Stupid? You should, regardless of what you think about bitcoin and cryptoassets. I like Mr. Money Mustache and have been following his blog for years. Probably 3 or 4 years. I’ve read every single one of his posts, because he always gives great advice.

With that being said, I have to say that his latest article on bitcoin and cryptoassets has to be one of his worst posts of all time. I, usually, agree with everything he says and writes about, but that didn’t happen this time.

After reading his post, I got the impression of someone who didn’t do all the research they claimed to have done. MMM (Mr. Money Mustache) claims to have done his homework, but I didn’t get that vibe at all. It sounded like he found a few articles on the subject and shortly after felt confident enough to write an article trashing bitcoin and cryptoassets.

Of course, I know that bitcoin and the crypto world has its flaws (we probably are in a giant bubble), but to recommend that people completely stay away from ALL cryptocurrencies is stupid.

Should you take out a mortgage and invest it into bitcoin? Hell no.

Should you dump your checking account into bitcoin? No way.

Should you empty out your savings account into bitcoin? Don’t do that.

Should you take out credit cards and max them out on bitcoin? Definitely, not a good idea.

But, should you invest zero dollars into bitcoin and the other cryptocurrencies? Hell no!

It would be equally as stupid to completely stay away from all cryptocurrencies, as it would be to over/ dangerously invest in them.

Cryptocurrencies are here and they’re not going anywhere. Blockchain technology is here too and it’s not going anywhere.

It would be ridiculously stupid to watch it all unfold completely from the sidelines. Why not dive in and research some of these amazing projects? Find out which ones you think are great companies. You have a brain and you probably have your own opinions. And, if you get the urge, what’s the harm in investing a few hundred dollars on your favorite coins? Just be very smart about it. Read The Intelligent Investor and Cryptoassets: The Innovative Investors’s Guide to Bitcoin and Beyond if you decide to go that route.

Back in the dot com bubble some people invested in Amazon, Ebay and Priceline, and those turned out to be great companies. The thing is, the next Amazon is on Coin Market Cap dot com. Why not take the time to learn about a few of these cryptoassets, and educate yourself? Everyone agrees that blockchain will be a part of the future, so why would you choose to remain ignorant on the topic? Now, that’s stupid.

If you don’t believe any of the cryptocurrencies you’ve researched have future potential (there are a lot, so you won’t be able to get to them all), then don’t invest your hundred dollars. That’s perfectly fine. At least, at that point, you’ll have a decent understanding of what bitcoin and blockchain is.

MMM’s article really surprised me. Comparing bitcoin to his nail clippings? Come on, are you serious? If you don’t want to invest, that’s fine, but don’t continue to go about your days thinking that bitcoin is as valueless as your nail clippings and tulips. That’s plain stupid.

****This is not financial advise. I’m not a financial adviser.****

Mayweather vs McGregor predictions and themes

Before the big fight this past Saturday, August 26, 2017, of Mayweather vs McGregor I was struggling to make a prediction. If you were following sports talk and news, you would have known that the Mayweather vs McGregor predictions were all over the place. Some experts were saying Mayweather would knock out McGregor in the first round, while others were predicting the exact opposite. I boiled the fight down to three major themes, which helped me make my prediction.

1) The father-time theme. Mayweather was coming out of a two year retirement for that boxing match and he’s 40 years old. As we all know, father-time is undefeated. Eventually, the best of the best will fall to age. The question was, would this be the fight were Mayweather’s age became a huge factor?

2) The underdog theme. McGregor was a major underdog. It was his first professional boxing match, and it would be Mayweather’s 50th professional boxing match. Not to mention, Mayweather is considered to be one of the best to ever box. We all know the story of the underdog fighting against all odds to defeat the giant. Could McGregor be motivated to a level high enough to beat the champ?

3) Skill is what counts in sports. That’s the third theme. Would the other two themes be irrelevant, because the skill gap would be too great. Mayweather has far more experience in boxing than McGregor (a professional MMA fighter). Would this be like Kobe Bryant stepping on the court (he’s currently retired) with the best college player, for a 1-on-1 basketball game? Regardless, of how great this college player is, no one would doubt that a retired Kobe Bryant would still be able to defeat him very easily.

The night before the fight, I decided that the skill gap was too great to ignore, and that the third theme would outweigh the other two themes. Mayweather looked pretty good in his last fight two years ago and he looked in very good shape for this fight. That convinced me that the father-time theme would not play a major role in this fight. Of course, eventually it will because father-time is undefeated.

I also decided that McGregor being an underdog wasn’t going to be enough to overcome Mayweather’s skill and boxing talents. Belief can only take you so far. It would not be enough to cover up his rookie mistakes. I decided that the underdog theme wins and is vitally important when skill levels are equally matched, or very similar. That wasn’t the case for this boxing match.

In the end, I correctly made my Mayweather vs McGregor predictions. Mayweather won the fight by knockout, and made it look relatively easy. It felt cool, because I actually thought about it as opposed to making a prediction based off of emotion or who I liked.

For the next big sporting event, I plan to lay out the themes and choose based off of which I feel will play a larger role. Hopefully I’m correct again!

How to become a chef and become a writer

After reading Anthony Bourdain’s Kitchen Confidential, I realized that becoming a chef is not at all what I imagined. It takes a ton of time and involves getting dirty. You have to start from the ground up. I saw some similarities to the process of becoming a writer, or really, any creative job. Anthony Bourdain gives 14 tips on how to become a chef.

Let’s find out how many of those tips are helpful to become a writer, or any other creative job.

1. Be fully committed.

Is this helpful to become a writer? Yes. It’ll be beneficial to make up your mind that writing is what you want to do. If you really don’t want to be a writer, then how will you find time/ energy to read and write all day long, or right after your day job? You probably won’t make the time, or find the energy. You need to really want it.

“Don’t be a fence-sitter or a waffler. If you’re going to be a chef someday, be sure about it, single-minded in your determination to achieve victory at all costs.” -Anthony Bourdain

2. Learn Spanish!

Is this helpful to become a writer? Probably not. Unless, you want to be a Spanish writer or appeal to a Spanish speaking audience.

3. Don’t Steal.

Is this helpful to become a writer? If you interpret this as don’t plagiarize, then yes. It’s not exactly what Anthony Bourdain meant, but if you want to become a writer plagiarizing is a major offense that you want to stay far away from. With all the reading a writer is doing, it’s almost as tempting to plagiarize as it is for a chef to steal from their restaurant.

“In fact, don’t do anything that you couldn’t take a polygraph test over…If you’re a sneak and a liar, however, it will follow you forever. This is a small business; everybody knows everybody else. You will do yourself immeasurable harm.” -Anthony Bourdain

4. Always be on time.

Is this helpful to become a writer? Yes. If you have a writing job, then of course yes. If you have scheduled writing hours set aside daily, do yourself a favor and never skip them. How else do you expect to get better? This tip translates to almost any career.

5. Never make excuses or blame others.

Is this helpful to become a writer? Yes, of course. Writers have deadlines. If you don’t reach the deadline, then it’s your fault. Admit it and do better next time.

6. Never call in sick.

Is this helpful to become a writer? Yes. Unless, you’re so sick that you can’t move. It is best to try and get your work done. Especially, if you are falling behind on a deadline.

“Except in cases of dismemberment, arterial bleeding, sucking chest wounds or the death of an immediate family member. Granny died? Bury her on your day off.” -Anthony Bourdain

7. Lazy, sloppy and slow are bad.

Is this helpful to become a writer? Hell yeah! Turn in great work. Turn it in ready to be shipped. I’ve edited other writing before, and it sucks when it’s obvious they didn’t even try to correct some of their grammar errors and misspellings. Don’t be a lazy writer. You’ll quickly get labeled as the lazy writer/ person.

“Enterprising, crafty and hyperactive are good.” -Anthony Bourdain

8. Be prepared to witness every variety of human folly and injustice.

Is this helpful to become a writer? Yes. If a writer is making more money than you, and you think you’re better, don’t worry about it. You got to focus on your own target and goals. Don’t get distracted by comparing yourself to others. It’s not healthy nor is it helpful.

“Without it screwing up your head or poisoning your attitude. You will simply have to endure the contradictions and inequalities of this life. ‘Why does that brain-damaged, lazy-assed busboy take home more money than me, the goddamn sous-chef?’ should not be a question that drives you to tears of rage and frustration. It will just be like that sometimes. Accept it.” -Anthony Bourdain

9. Assume the worst. 

Is this helpful to become a writer? I don’t know. This one might be more chef specific since they have to interact with the same people everyday whether they like them or not. Usually, writers have a bit more flexibility throughout the day. This tip is meant for chefs who might not like one of their coworkers. Bourdain is advising to find their company entertaining, and amusing, regardless of how you feel about the person.

10. Try not to lie.

Is this helpful to become a writer? Yes. This is good practice for any line of work. You don’t want people questioning what you say.

“Remember, this is the restaurant business. No matter how bad it is, everybody probably has heard worse. Forgot to place the produce order? Don’t lie about it. You made a mistake. Admit it and move on. Just don’t do it again. Ever.” -Anthony Bourdain

11. Avoid restaurants where the owner’s name is over the door.

Is this helpful to become a writer? No. Unless, you’re writing for a restaurant?

“Avoid restaurants that smell bad. Avoid restaurants with names that will look funny or pathetic on your resume.” -Anthony Bourdain

12. Think about that resume!

Is this helpful to become a writer? Yes. You should always keep your resume in mind, no matter what line of work you’re in. Your resume will get you your next job.

“How will it look to a chef weeding through a stack of faxes if you’ve never worked in one place longer than six months?” -Anthony Bourdain

13. Read!

Is this helpful to become a writer? Hell yes! You have to read. 24/ 7. Bourdain recommends cookbooks and trade magazines to keep up with the industry trends. While, you don’t have to keep up with trends, you should always be reading the writing of great writers. It will help your writing. Have you ever heard of a musician who doesn’t listen to music?

14. Have a sense of humor about things.

Is this helpful to become a writer? Yes. In writing and life, a sense of humor is required 🙂 .

“You’ll need it.” -Anthony Bourdain

What will artificial intelligence bring?

I have noticed a lot of talk about artificial intelligence recently.

First, I’m reading The Inevitable by Kevin Kelly. This book has an entire chapter dedicated to artificial intelligence. It doesn’t view AI as a threat, to humans, as other sources are predicting it to be.

Second, the last two conferences I’ve been to this year have heavily gotten behind the idea of machine learning.

Third, one of my favorite bloggers (David from Raptitude dot com) wrote a post about it this week. David’s post, definitely, took the view of seeing AI as a potential threat to humans.

Four, it was announced today that Elon Musk launched a company called NeuraLink. Its goal is to merge the human brain with AI. Elon has stated that the purpose of this venture is to protect the human race against the likely threat of AI destroying us. The venture is aimed at keeping us ahead of the curve.

A lot of smart people are worried about the future AI, including Stephen Hawking. They seem to believe that once machines get smart enough to grow and think on their own, the only logical step will be to wipe out the human race. Or, since they will grow, very rapidly, and be much smarter than humans, we will eventually cease to exist. Our incredibly slow biological growth rate won’t be a match for AI’s rate of growth.

I agree with Kevin Kelly on this one. Since our human brains developed consciousness, and the ability to be social and empathetic, who is to say that artificial intelligence won’t do the same. It could be the nature progression of higher intelligence.

The predictions of AI, assume that it will be cold blooded and completely rational. If the human brain developed empathy, social skills, and emotions to survive, why won’t AI do the same? Honestly, no one knows. I suppose it’s a safe bet to assume the worst, and begin preparing just in case AI is cold blooded.

In the short run, I think that AI will indeed remove a lot of jobs that we have had for years, but it will add new jobs that we can’t yet imagine nor predict. I don’t think that AI taking over our jobs is a real threat, because it will simply create new jobs for us.

At one point, being a farmer was a common job. At another point, doing the same task in a factory was a common job. Right now, accounting and other office jobs are very common (truck driving is incredibly common), but those will soon be replaced with something new for us to do. We have to wait and see what those new jobs will look like. What if we all have to become programmers?

*After writing this post I stumbled upon Tim Urban’s articles on artificial intelligence. Wow. They’re really good and really long reads. Check out part 1 here and part 2 here. They painted a vivid picture as to why AI will be a big deal for humanity’s future. You’ll definitely like them.