My childhood best friend, Jim, texted me recently. He was excited—he’d just bought a power supply for a computer off eBay, the first component in the crypto-mining rig he wants to build. For the last several years, he has watched me mine cryptocurrencies such as bitcoin and Ethereum, and he never really understood the purpose. He regarded it as a pointless, expensive hobby. Now, he’s an acolyte. He understands exactly [Read More] …
The Most Revolutionary Technology Since the iPhone
Don’t Miss This Once-in-a-Species Investment Opportunity Friday, June 29, 2007. The date might not stand out to you, but it was one of the most momentous in modern human history. That was the day when Apple unveiled its very first iPhone…launching us into the smartphone age. You might expect that this unveiling was greeted by mass excitement and universal acclaim. [Read More] …
Is $500K Enough to Retire Comfortably?
It Depends on Whether You’re Willing to Think Outside the Box Today, a new take on an old story. We’ve all seen the headlines: How much money do you need to retire? Well, Motley Fool is weighing in this month with: Workers Think They’ll Need $500,000 to Retire Comfortably. Are They Right? Of course, this is a facts-and-circumstance issue, so who [Read More] …
Weekly Digest: Property in New York May Be Moving to the Blockchain
Plus Fed Officials Want to Tighten the Money Tap Welcome to your Sunday digest…my weekly breakdown of the things we’re thinking about and talking about in the Global Intelligence world. First up, New York is embracing the future. Recently, we learned that the city’s Department of Finance is partnering with a company called Medici Land Governance to test a system that [Read More] …
What Happens When the Fed Stops Chasing the Dragon?
I grew up in the drug culture of the late-1970s and ’80s. Not that I actively participated; I never did. But I was there, watching too many friends chase the dragon. They’d hit me up for whatever allowance money I might have. Or they’d beg me to help them mow a lawn or rake leaves [Read More] …