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Bitcoin is exciting as a speculating opportunity, but to me it is even more exciting as a decentralized, world-wide currency that allows everyone to participate in a financial system not controlled by a single central government.

Seriously, making the t-shirts — if there ever are any — available for purchase with Bitcoin sounds like fun to me.

Thanks for comment Jason. Think you should consider couple important points about Bitcoin. The most important is that a currency is generally tied to some form of value based on productivity.

In the case of bitcoin it produces nothing. In the words of Benjamin Graham there are two types participants in the stock market: Bitcoin is a speculators game.

In regards to IRS they have set precedent tax treatment for Bitcoin. They are treating bitcoin trades, sales, exchanges for products etc under capital gain rules.

That is a capital gain short term or long term is applied to each sale based on your acquiring cost against the transaction of selling or exchanging the bitcoin for a product or service.

I totally agree Michael — At this point it is absolutely speculating and I tried my best to make that clear in the article.

Bitcoin has all of the attributes of gold plus several additional ones that make it significantly better.

You can store it in your brain and send it across the world instantly. What is more exciting to me though, is that there are cryptocurrencies that actually DO produce value.

They actually accomplish valuable work. Too soon to call in my opinion. Lucas your comment to gold is very accurate. This concept of productivity is missed by many people trying to understand investing.

There have been some interesting quotes on valuing things that produce nothing: Here is how gold is viewed by some of the greatest minds in investing: Or you could have a big cube of metal.

Which would you take? Which is going to produce more value? I think there is a good Warren Buffet quote on the difference between speculating and investing as it relates to gold.

Investing is something that is expected to produce new value. Speculating is just hoping that someone is willing to pay you more tomorrow than you paid for it today.

Gold is just the shiny metal humanity latched on to as a store of value and a currency that has several useful properties that make it good for such a function.

BUT, I think we all agree that humanity needs a currency. And any currency that has certain properties rare, transportable, fungible, divisible, etc can be useful as one.

Clearly, gold has limitations as this currency storage, transportation, protection from theft, etc but it did work for thousands of years before paper money.

We also know the USD lives on a precipitous knife edge after the removal of the gold standard, whatever the fed is doing, Wall Street insanity, etc.

What makes Bitcoin so fascinating is that it could potentially function as both. As someone who has owned, mined, and traded a little sure wish it was more!!

It is possible that the IRS will change their minds in the future, of course. I suggest consulting your tax expert.

Also, I meant to say great job on the article Lucas. Clearly explaining positives while stressing that it should only be done with monopoly money.

My wife and I use the same expression for it, and understand that it is money that we are completely comfortable never ever ever seeing again in exchange for the slim chance of being in on the ground floor of something potentially huge.

It is clearly a currency and not a traditional asset. The IRS did release a statement saying that virtual currency will be treated as property https: Jim, for the T-shirt… You could expand it a little: My bro in law has been keeping me up to date with the bitcoin news, and it is very exciting and almost tempting!

Regardless, thanks for the info Lucas! For those unfamiliar, you can find this parable here: Glad I could help! Nice introductory post on bitcoin Lucas!

Even though I have no interest in investing in cryptocurrencies, it has peaked my interest the last few years. Actually a few months ago I saw a pretty good documentary called Banking on Bitcoin.

Thank you for the kind words. I have seen the movie and I agree the movie would be a great follow up! For anyone interesting the Banking on Bitcoin documentary is available on Netflix and probably rentable other places.

However, people in the crypocurrency space often talk about the time warp phenomenon. You know how everything moves faster on the internet?

A month in crypto is like 2 years in the real world. That movie was released in , a lot of it was filmed in Very interesting reading, but beyond my expertise.

There are some very smart people out there. I really enjoy all the comments and answers to questions. James, This is a very timely post on bitcoins.

But I must side with Jack Bogle: Avoid bitcoins like the plague. Investing in the lottery is about as good, especially since I know the winning numbers.

I suppose buying a ticket would help. Great point about whether the typical reader here would wear a t-shirt announcing they are on The Path.

My sense is we are mostly low profile types. Every time when people are talking about Bitcoin around me I smell fear and greed.

Fear and greed and nothing more. Sadly, that is pretty much all you hear about Bitcoin because it now involves such vast sums of money. It was all about freedom, about connecting the world, about bringing fairness and sanity back to money and finance.

A lot of people, myself included, still believe in that ideal — right now we just have to ride out the waves of get-rich-quick hangers-on. Like I said, the mania is just beginning.

But it just seems like such a bubble. People are just buying it because it is going up not because of the other value that btc has.

I like the idea of over coming the poor decisions of politicians and the fed through an alternative currency. I purchased more than I needed.

It would have been cool to get in early. Maybe now is still early, maybe when the next recession hits it will also get hit pretty bad.

But I will probably buy then. I thought about putting in 2. But if the inflation ever happens that some people have said is coming for the dollar since forever then it might actually be nice to have some BTC if it can maintain its value despite the dollar inflation.

We are due or over-due for a good old fashioned market correction in the regular stock market 10 year non-stop bull run. If big money flows IN to Bitcoin when that happens as it does to Gold then we might really be on to something here.

Thank you to everyone! The advice has consistently been: If someone comes to me and asks: Well, JLCollins would say… no!

And it is so cute! But I also then saw, from someone I respect, the comment: Or do some angel investing. That is an emotional charge though, I fully feel the excitement as I write this.

I see bitcoin the same way and this is the message I got from the post. Regardless of how it ends, bitcoin is making history and ignoring it seems unrealistic to me.

Back in , we went to Vegas. The reason why everything was so cheap? Our hotel and food was fully subsidized by the gamblers. Well what would you expect from a former Torontonian!

Being that my only taste of Bitcoin was watching the numerous drug deals happen while sitting at a bar at FinCon, it just seems shady to say the least.

Yep, we totally witnessed it. As for the shirt… The GodFIther… or the letter F, the picture of a female sheep and a stack of bills.

Thanks Todd for getting it without any explanation! I was cracking up when I thought of it. I fully expect the US Government to use a similar argument when they begin to attempt to regulate Bitcoin.

It is true that in the early days, Bitcoin was used a lot in things like darknet marketplaces Silk Road, etc to transact really ugly business Talking about murder for hire, illegal weapons, etc — not about drugs, which is a different debate.

US Dollars, and every other currency, are used every day to transact that exact same business.

Throwing the baby out with the bath water as it were, and arguing that Bitcoin is the cause of those awful things happening in the world is not really accurate.

I happen to think that we should mostly , but I can see perfectly valid points arguing against that. If the value increases by a factor of , which is not infeasible, the smallest amount of bitcoin that can be owned outright will be worth more than the smallest amount of US Dollar that can be owned outright.

IMO bitcoins are another distractions that ultimately leads people away from the perfect simplicity of the index fund. I promised myself I would never deviate from the simple path to wealth.

Even if I could have been a bitcoin billionaire, having enough money that the dividends of the total stock market covers my basic expenses is plenty for me.

If Bitcoin or some Cryptocurrency manages to take over the Index Funds will bring them into the fold or possibly even be denominated in Bitcoin.

Index investors are still buying in to the world economy. I took out 5 times my original investment and now have 8 times my original investment still in.

I wanted to invest not only less than I could afford to lose, but so little that I could tell my wife I lost it all without her turning white!

So the key question is: Let me throw a factoid into the mix: I would suggest that the answer is a big fat no, and that Bitcoin is about to get regulated right up its cryptowallet.

Heck, the entire world of high finance i. But here is what makes me wonder if that will matter in the long run: To see a real live case study of this happening now, read about Bitcoin in Venezuela.

If you know what I mean. Venezuela is unique — and a good case for when crypto as a store of value could be beneficial runaway inflation, economy about to collapse.

Not to mention, 7 transactions a second Bitcoin and other Proof of Work means that we will have to wait days for our Starbucks payment to process….

At a time when humanity is still burning fossil fuels to generate electricity and there are billions of people in the world without access to adequate energy to meet their daily needs, that amount of electricity to undertake the essentially meaningless task of solving computational problems for the purpose of generating more Bitcoin is unethical, in my view.

On one hand, the electricity used by mining really is polluting because of what you mentioned — we are still using fossil fuels, coal, etc — and the crypto community should work to change how mining works to use less.

The same fossil fuel argument could be used for anything. It was true before the Internet revolution. We were on fossil fuels then, and we still are now.

Imagine how much electricity all computers in the world use? It must be staggering. But no one says: Computers are powered by electricity made by oil, therefore Computers are unethical.

Food is grown using machines fueled by oil. Clothes are made with machines powered by oil. Water is piped to your house with electricity made by coal.

Instead we say, and should continue to say until it changes: That oil, coal, etc are unethical energy resources and we should all move everything to renewable energy as soon as possible regardless of what the electricity they generate is used for.

Lucas — I appreciate the article, but find your response to the environmental impact angle to be a dismissive and poorly reasoned attempt to white wash a real concern.

The world is making real progress towards reducing greenhouse gas emissions through accelerating deployment of renewables. Bitcoin mining and the associated electricity demand is wiping out those gains and growing exponentially.

In other words, the cost to benefit ratio of the energy deployed in this endeavor is horrible. This problem will only worsen as the popularity of bitcoin increases.

Climate change has very real consequences for human health, national security, wildlife, and our economic vitality. We need a healthy planet to live on more than we need speculative cryptocurrencies.

At a time when transportation is moving away from ICEs to EVs and hybrids, battery storage and renewables are being paired to make a more sustainable electric grid, dirty coal is being replaced with natural gas, and gains in efficiency are putting a real dent in greenhouse gas emissions, this is a huge and completely unnecessary step in the wrong direction.

It would be short-sighted to brush this off as a minor issue. It requires a real debate and real solutions.

I am not sure what the debate could be. Is mining using huge amounts of energy? Is this energy use adding greenhouse gas emissions? Are people going to stop mining because all of a sudden they develop a conscience, I will let you answer this one for yourself.

I think Lucas generously attempted to calculate the possible plus and minuses of mining carbon footprint but I am afraid the variables are too many for us to even consider finding a solution.

Noble vision, but probably your efforts to protect the planet will receive better support in other arenas than what they can get in the bitcoin community.

Bitcoin mining operations have just as much financial incentive to move to renewable energy to save money as every other industry.

In fact, the crypto mining industry has an EASIER time doing that than any other, because their location does not matter. They only need an internet connection This is why we see the largest mining operations in places like Iceland — where Genesis mining company is running on geothermal.

And places like rural china where the mining is powered by hydro-electric power companies because it is cheap. What could possibly be better than a decentralized money system that will destroy that paradigm?

Hilarious post and thanks for the in depth research. In the immortal words from the Grinch, not gonna touch it with a thirty-nine and a half foot pole!

My Brother and I have had a few conversations over bitcoin in the past few months. We both agreed, like FireCracker mentioned above, that is is pure and simple gambling at this point.

Maybe it will be the future of maybe something else will At one point MySpace what the most visited website on the internet and Facebook was only open to college students.

As for the shirt I would love to have a collection from the great FI bloggers so I would probably buy one. However, I think the slogan needs some work.

Bitcoin has my mind spinning. It could either implode in a massive dumpster fire or this could just be the infancy of something massive.

The momentum is building. However, it has to stabilize before merchants take it seriously. No way I see a company like Amazon or Best Buy taking it.

Although, if this list is to be believed, some major companies are already taking it: All I know is that I want a jlcollinsnh t-shirt and possibly, a set of underwear: Hey wife, look at my new undies!!

I have zero ability to value a bitcoin. You mentioned Ben Graham in the name of the post — but I saw zero discussion about how to value it.

Ben Graham was able to value businesses and profit from valuation discrepancies he found. Bitcoin is mad gambling by comparison, not investing.

I see none of that happening in bitcoin land. This is speculation, not investing. In my opinion this is a very good summary of Bitcoin viewed through the principles of Benjamin Graham.

The way I would purchase today is make my bet, let it double or triple, sell my initial investment, let the profit ride as a free trade.

If one cracks all crack. If you want to get cocky buy some puts when they become available. It is a directional measure of greed and the game is to be slightly less greedy than the last sucker on the chain.

But the entire industry is too new to know for sure. Once the industry and technology matures I have a feeling everything will look very different than it does today.

Well written article on a hot topic! Love to profit from a bursting bubble as I missed the Dutch Tulip frenzy.

How can I short any of the popular cryptocurrency markets? Well some of the…. I am so happy that, for once, I did things exactly like you and your friend Lucas suggest here.

Having zero debt, I bought a small amount of bitcoin and eth some time ago with money I did not need and I considered the money immediately lost.

Might still do it anyway, btw my wife says that I am ridiculous checking bitcoin price 20 times a day…one of my safest bets is to assume my wife is always right.

Some of my friends play video games, I play with the crypto-market. I get just as much entertainment value out of it. The key is treating the money as already gone.

The Simple Path to Wealth. Out of all the outstanding commenters this post has drawn, Lucas has chosen you as the winner of the free audio book, The Simple Path to Wealth!

To seal the deal or to say: This deserves a special reply. Of course I am paying attention, in fact I wanted to say I truly appreciate that you are taking the time to answer each comment personally and that you share so freely of your hard earned financial knowledge.

I really get the feeling that you enjoy helping as many people as possible to reach FI. Back to your generous offer, I am afraid I have to decline.

While there is something to be said about owning an audio version, I also think this kind of knowledge needs to be spread as wide as possible, so I would encourage you to find another lucky recipient who hopefully will be able to benefit as much as I did from your book.

Also thanks to Lucas for choosing me and merry Xmas to all. Sounds good, send it my way and I will find someone who needs it, I can think of a few people already….

That is so me!!!! Me after the dot. Now seriously, thanks for a thoughtfully researched article. If I still had money coming in from hard work, I may have bet a little play money, as you suggested, just for kicks.

But then, I am simple and mostly wear black in the first place. For the t-shirt, i would instead suggest a paraphrase of a line from your youtube video takeoff on f-you money….

Just the other day my 19 year old nephew who does not know the first thing about personal finance told me that he invested in bitcoin.

I think I now know how Joseph Kennedy felt when the shoeshine boy was giving him stock tips. If this article was the first and last time, you still learned something.

I have a cryptocurrency exchange of my own. Thanks for the info. That way you have little downside but huge potential upside.

Buy and hold until when? Or are you seeing us cash out in the future? Or just spend a percentage now and let the rest grow? I do have a number in mind, for my personal Bitcoin holdings, that if I ever hit that number in USD I will cash out and never look back, but otherwise I am sitting on my BTC for the long term just to see what comes.

But could just as easily go the other way — especially if something catastrophic happens to the US Dollar.

With all the hoopla with BTC going up. Thought I would check how much I have. If you purchase with a credit or debit card, you receive your Bitcoin immediately, but you pay a 3.

If you purchase via ACH you lock in your purchase at whatever the price is right then, but your Coins will not be available for about 5 days How long an ACH takes to clear.

Then you may purchase the coins immediately whenever you want. Thanks Lucas for answering my question and that makes sense. I would definitely go with the lower fees.

I know you recommended three crypto currencies, but how much should one invest? Put is this way: It will be interesting to see what happens when the bitcoin futures start trading.

The futures trading is really terrifying stuff for Bitcoin in my opinion, simply because there are no laws. Blatant market manipulation in the regular markets is illegal and watched for.

There are no laws or regulators for Bitcoin which is a great thing in the long run, in my opinion. However, that means the Wall Street banksters can use their futures bets to manipulate the price and make tons of money.

Will be an interesting few weeks for sure. Hey Lucas, appreciate you stirring this pot. So would it be correct to characterize your position as making a long-term investment in the blockchain technology vs.

Bitcoin, Ethereum, and Litecoin Is it because those are the only 3 available on Coinbase right now, or do you have other reasons for not placing your bets on other cryptos?

Is Bitcoin a bubble right now? I think you hit the nail on the head — Yes it LOOKS a lot like a bubble, but it may also take a good long time for it to pop.

The very same thing could be happening here. There are no rules saying it has to happen like that of course. On viewing this as a very risky investment: I did not buy into cryptocurrencies intending to Get Rick Quick.

The Khmer Rouge murdered at least 2 million Cambodians between and Is it more humane to die by wallops from a Cambodian pickaxe handle than by a bullet from a German Mauser?

Inscription on the back in German: There is a special horror attached to the Third Reich, because those were 20 th century Europeans, Christians, and in many ways the smartest, most civilized people on Earth.

But the Holocausts do not prove that Whites are worse than other people, just that they are no better. The history of the Third Reich also proves that with the right formula of economic blowup, misery and humiliation, sparked by charismatic evil, no people are immune to such horror, at no time.

Our Norwegian correspondent The Observer sends his translation of an article and interview with two respectable high-profile Muslim leaders in Oslo, who have strongly negative opinions about Jews and the worldwide Jewish conspiracy.

A new trend seems to have developed in the Islamic community in Norway: It should also be pointed out that this is the same mosque that the Norwegian police apologized so profusely to last year for the fact that we have freedom of speech in Norway.

The translated article from Dagsavisen:. Many Norwegians have a negative view on Islam due to Jewish domination of the media.

We are visiting Central Jamaat-e Ahl-e Sunnat, the mosque with the largest member base in Norway, to talk to its spiritual leader. The mosque was founded in and currently has more than 5, members.

The Imam begins by explaining that all three heavenly religions, Judaism, Christianity and Islam, are sacred to them. Many people are unaware of this fact, says Sarwar.

Both of them believe that the school visits confirms their views that Norwegians in general have an inaccurate impression of Islam and Muslims.

People are ignorant because they get their information from the media, and the media only write negatively about Islam.

Only a handful of people were behind the movie about Mohammed in the U. So who was financing them, who was backing them?

A big tip of the Bodissey pickelhaube to our commenter Jolie Rouge, who has provided us with a brand new acronym. Note the aggressor is not named other than by geographical location e.

North Africa, Afghanistan and surprisingly the inclusion of Turkey. I think JIM could have great utility for our enterprise: Who will be the first major Western politician not counting Geert Wilders to break the greatest cultural taboo of our time, and mess around with JIM?

Yesterday a group of Al Qaeda terrorists assaulted a natural gas plant in Algeria and killed two foreigners while taking 41 other hostage.

Today Algerian special forces staged a helicopter raid on the plant, killing a number of the hostages — between six and 34, depending on whose figures you believe — in the process of taking out the terrorists.

Among the foreign hostages were American, British, French, and Japanese nationals. In other news, Germany has begun repatriating its foreign gold reserves, which are stored in vaults in Paris, London, and the United States.

The following article tells a brief tale about immigrant-on-immigrant violence in Cologne, with Muslims of immigrant background dealing it out and Russian immigrants as victims.

It shows the attempts by a Turk to protect a Russian family and being killed for his trouble. The translated article from Quotenqueen:.

Two criminal foreigners, free to terrorize their neighbors despite drug-related and violent crimes, killed a Turkish husband and father who tried to get them to behave.

It happened in a sector of the city called Bickendorf — a district notorious for years for immigrant violence and bordering on the thoroughly Islamized Ehrenfeld.

But no one was killed. The Spanish government recently revoked his status as a political refugee in Spain, and he is due to be deported to Pakistan, where he will face the death penalty for blasphemy.

There is currently a push to persuade the Canadian government to grant him and his family political asylum. Firasat was interviewed recently on Alerta Digital TV.

The video below shows the third part of the interview, and includes segments in English of a statement by Terry Jones.

Part 1 , Part 2. Many thanks to our Spanish correspondent Hermes for the translation, and to Vlad Tepes for the subtitling:.

That means I am watching big, fat flakes accumulating on everything — though the driveway is still clear. Prior to that, we awoke this morning to heavy rains.

It is our good fortune that there was never any period of transitional ice. Why am I talking about the weather, you ask? Because this heavy wet snow may well eventuate in a power outage.

Should that happen we would have no way to tell you why when, once again, no one seems to be home.

And thanks to the generosity of our donors several years ago, we installed a gas cook stove so we can cook and have — thank heavens, again — hot coffee during the outage.

Yes, we are careful regarding the possibility of carbon monoxide poisoning if we were to use the stove for heat. Yesterday we reported on a group of young Muslim men who accost pedestrians in certain parts of east London.

The original post included an embedded video taken by the group and posted on their YouTube account. As you all know by now, our blog was suddenly removed last night between 8 and 9pm EST for no apparent reason.

Blogger never provided any explanation before, during, or after the outage. I assume it was an internal technical problem at Google.

Below is a portion of a mass email I sent out earlier today to dozens of people who had written to us to ask what happened:. One second it was there; the next it was gone.

If we had violated their terms of service, we should have received an email, according to their own established procedure.

But we received no email. And, as you can see, I still have the gmail account. Late last night I began the process that one always goes through with Blogger: We actually received a response, which is unusual with Google.

Based on the replies, there seems to have been a major problem with Blogger last night. Many other blogs disappeared in the same fashion.

But we should know for certain within another day or two. If it was a deliberate take-down, we will migrate to another platform with our own domain.

We back up the entire blog frequently, so only a few posts will be missing when we restore. After being taken down twice by Blogger within a single week, we got the message: Gates of Vienna has moved to a new address: Saturday, January 19, Seduced by Palestinian Propaganda.

Babel on the Danube. Austria — The number of German-speaking primary school students has declined dramatically The number of pupils with a first language other than German has doubled from to Barely any students with German as mother tongue in Vienna The nationwide statistics conceals the dramatic developments in Vienna, because German is hardly spoken in the primary schools of the federal capital.

Here We Go Again. A response from Takuan Seiyo: The Bee and the Lamb, Part 9 Continued.

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A pilot was made at Rotherhithe Studios in July , and with the series approved, shooting at Elstree Studios commenced about February , lasting 19 weeks.

It was stated that this series was "made on location in all the countries of Western Europe," but although this was one of the first British dramas to use extensive location shooting, I can't believe it was that far ranging.

The series was also sold to Spain, dubbed in Spanish. Quite why it was largely disappeared from view is a mystery that only Kane himself might have been able to solve.

True, this was really British ABC's first effort to make their own filmed series, but it's more viewable than the earlier American made stories, and has its own charm, especially in Brian Reece as Inspector Page, who stiff upper lippedly attempts to rein in Gargan's enthusastic American methods.

Ex-colonel in the US Air Force, Martin Kane, who has been in London for five years, is asked to investigate since Lorraine had had a breakdown when her fiance had died two months ago.

The Lucinda is his boat and according to Lloyd's register, it is docked a few miles offshore near the Thames estuary. So Kane takes a launch to this boat, and learns that Lorraine is on board, here of her own free will.

Inspector Hedley of the Yard John Warwick tells Kane that Richards is a known diamond smuggler, usually employing an innocent dupe as a courier, yes that's Lorraine.

When she comes ashore she is put under surveillance. She calls at a shop, emerging with a box of paints, then goes on to Kane's office where she has a heart to heart with her father, which amounts to "dad, I'm going to marry him.

The box is in bits so a replica is given to Lorraine, but when she presents this to Richards he is not at all pleased.

He has to risk the trip ashore to retrieve the original box. Up a fire escape, Richards climbs into Kane's flat, and despite the fact that police are watching the place, after a fight he succeeds in running off with the remains of the box.

That sets off a long police chase, with Richards making for his launch at Tower Bridge. Cleverly eluding the cops, he reaches it and sets course for the safety of the three mile limit.

But police give chase and by Rotherhithe they are closing, so Richards leaps ashore, still clutching his box, and is pursued round the docks until cornered, "you can stop running, Mr Richards.

Those diamonds are discovered in the lid of the paint box, you'd have thought Kane would have had the brains to think of that one!

But his wife Helen Lisa Gastoni is kidnapped. She'll come to no harm as long as he throws the fight. In turn, he does call in Scotland Yard, Supt Page, who promises absolute secrecy.

Reardon's boxing contacts are checked out and his phone tapped. At 4pm a call comes through, the message repeating the same instructions to Reardon. This call is traced to a phone booth, but of course it is long deserted.

No clues can be found at all. Dominic, his manager, realises he is in no condition to fight properly. Mrs Reardon is still a prisoner, the boss of the gang is Anders Leonard Sachs , who is placing bets on the match all over the continent.

His ally Hollis Kenneth Griffith is getting jumpy and allows her to phone her husband to tell him she's OK. This call is taped, and a strange background noise is picked up, a kind of whining.

Analysing it, Kane surmises it is a jet engine. The most likely address is Stanley Aircraft Works so police swoop on the area, sealing off a street.

The boss is caught as he attempts to sneak away, his voice bretraying the fact that he had made one of the phone calls. Hollis tries to get away using Mrs Reardon as a hostage, but Kane sneaks up on him, and in order to get away has to let her go.

After a chase Hollis too is arrested. The title is not very appropriate, since the story is about a swindle involving hospital drugs.

Ray Dilling Walter Gotell , a director of Anglo Canadian Chemicals sabotages his own firm by replacing a batch of drugs with a lethal chemical.

Playing over the tapes, Kane hears a voice which Wright identifies as Dilling's, directing an employee to doctor Assignment K7. At the rail depot, Supt Page catches the gang of three tampering with K7 and they are arrested.

A ten year old girl is the latest victim of being given the wrong drug, and proof has to be found to convict Dilling. So Kane joins the firm and in a rehearsed scene is questioned by Supt Page over a crime.

Dilling kindly gives Kane a false alibi, in return for which Kane is asked to deliver a package to Paris. Kane delivers it to M Bouzanne who is a legitimate stockbroker.

Gilling's plan becomes evident. He's out to create a scandal to force the company shares down, so he can buy them cheaply.

But with the little girl set to recover, it looks as though shares won't be falling. Another tape reveals Dilling has become desperate.

He is going to the hospital to kill the girl! Supt Page and Kane arrive just as he's about to inject her.

Dilling runs off, there's a chase through the streets and on to Tower Bridge, where Dilling is cornered.

The Sport of Kings He provides a hot tip for Parker, Saucy Sue, but Parker just hasn't enough cash.

Why not 'borrow' it from his firm? When the sure snip fails to come in, John is easy blackmail material. His boss but also his friend, Forrester, suspecting embezzlement, calls in Martin Kane, who having questioned some touts, has picked up on Parker's heavy betting habit.

But Mrs Parker Ann Sears knows nothing of her husband's dilemma. Checking on Parker's business contacts, it seems the Ashton Machinery Company are still awaiting goods ordered through Parker.

Reluctantly, Forrester accepts Kane's report and they agree to call in the discreet aid of Supt Page. Parker is arrested and does confess, for he had wanted to break from Hall and Laymer.

To redeem himself, Parker agrees to play along in an entrapment. Of course they demand more, but Supt Page swoops.

However Hall draws a gun and takes Parker hostage. The crooks get away but the tick tack men relay a message that they have made for the Owners' Parking Lot.

Here, amid the shooting, Parker grabs Laymer and Kane jumps on Hall from behind. Thanks to his valuable assistance, "the future didn't look too dark" for John Parker Martin Kane Menu.

However the series was never screened on British tv. Produced in by Ambassador Film Productions Ltd. Shot at Bushey Film Studios.

Director of all episodes: Special music composed by W. Surviving stories if you have any of any others, I'll be glad to swap: Terence Reilly Patrick Barr Eileen Trotter Morley's secretary Len Sharp Mullins John Morley, late of Scotland Yard, is approached by a married woman who is being blackmailed by a crook for compromising letters this society woman has committed an indiscretion.

Morley soon discovers that the extortionist is Terence Reilly, homicidal King of the Underworld, and his arch enemy.

Eileen Trotter Ingeborg Wells George Anne Valerie Valery Susan A woman is kidnapped to obtain a valuable emerald as a ransom.

Of course, Terence Reilly is the real culprit, helped by his accomplice Marie who was the maid of the victim.

Spike, a member of the gang, tries to blackmail Reilly but is killed by the arch-criminal. Inspector Morley witnessed the murder. Disguised with a beard he infiltrates the gang and unmasks the woman's husband as one of Reilly's accomplices.

Eileen Trotter Frank Hawkins Cranshaw An old scientist visits Morley and tells him that his young assistant has disappeared. Reilly murders the scientist to secure his secret formula, for sale it to foreign powers.

Eileen Trotter, Morley's secretary, is kidnapped but Morley saves her from an acid bath in the nick of time. But Reilly escapes the police Eileen Trotter Tom Macaulay Maria Flame Arthur Howard Theatrical Costumier A gang of car thieves is at large in London; during their latest raid, a young motor mechanic was critically injured, prompting police to step up efforts to apprehend them.

Head of the gang is Maria Flame, alias The Red Flame, a former pickpocket's assistant whom Terence Reilly had helped to transform into a major-league criminal.

Eileen Trotter Rita Birkett Fred Carstairs Dorothy Bramhall Reilly conceives the idea of anonymously presenting them both with a radio set which will explode and kill them.

His plan works so far as Carstairs is concerned, but misfires in the Case of Morley. The shop where the sets were purchased is located, and after a number of exciting adventures Reilly and his accomplice Maria Flame are tracked down and arrested.

Eileen Trotter Dorothy Bramhall Miss Wilson Brenda Bauell George Reilly escapes whilst awaiting trial on a capital charge. Morley and a man named Foxley are the prosecution's chief witnesses.

Morley is warned by Inspector Grant of the Yard of his danger, as loyal associates of Reilly are seeking to eliminate the witnesses and Foxley has disappeared.

Morley investigates, but Foxley is murdered. Reilly's accomplice who committed the crime is caught, but Reilly is still at large, and in another of his many disguises is now engaged in diamond robberies.

George Grayson Judith Nelmes Major Fry Rita Birkett Pat Campbell William Nicke She boldly comes to his office and threatens him with a gun, but is outwitted and on her way to the Yard with Morley, she is shot.

Before she dies she is able to give information which leads Morley and the police to Reilly's hide-out, and the master criminal and his accomplices are all captured, bringing their nefarious activities and the story to an end.

Inspector Cranshaw Dorothy Primrose Reilly Terence or Patrick? Inspector Cranshaw Amy Dalby Insp Cranshaw Grace Denbigh-Russell Cynthia Quelch Margaret Boyd Agatha Quelch Tod Slaughter Agatha at 19 Tony Spear Richard Parker John Miller The first five names are the only ones credited in this version.

The others came from personal seach at the Film Archives of BFI, like most of the credits mentioned for the series. An involved story of mysterious murders in Victorian family and two elderly spinster sisters, the only remaining members.

The murders are thought to be committed by rejected suitor, full of hatred and revenge. Detective Inspector Morley is called to The Grange by Cynthia Quelch who is fearful that she is the next member of the family on the murderer's list.

Her sister Agatha, supposedly confined to a wheel chair, is filled with insane hatred for the world, and particularly her family who were responsible for the broken love affair of her youth.

When Cynthia is killed, Morley with the help of Scotland Yard's Inspector Cranshaw, finds incriminating evidence damning Agatha who with the help of her manservant has contrived to satisfy her revenge.

Many thanks to Jean-Claude Michel for this section. Thanks are also due to Robert J. Kiss for the information about the American broadcast of the series.

Scarlet Letter Terence Reilly, currently a Hatton Garden diamond merchant, is "tall, sinister looking, frightening charm. Her only recourse is suicide, but she is rescued from Boulter's Lock.

A few years ago she'd consulted Inspector Morley but fear of scandal forced her not to press charges. That decision was a huge disappointment to Morley who had been trying to catch this master criminal for years, ever since he'd killed a fellow police officer.

Mullins is another crook, acting as a go-between, arranging a deal whereby his boss Alec Trent will buy all the blackmail material for his own criminal purposes.

Morley poses as Trent to arrange a face to face meeting with his nemesis. Morley pins Reilly down but the latter has been shrewd enough not to bring any of the letters with him, so Morley leaves him bound and gagged and taken the keys to Reilly's safe, with no lack of scruple that previously he had shown.

However a puncture then a traffic jam delay him and Reilly, who had wriggled free, thwarts Morley's plan, "one of us is just a little smarter than the other.

Posing as an American, name of Trent, she buys those blackmail letters in a nice exchange in which Reilly admires her charms and even decides that in future he might call himself 'Miss Reilly.

But Reilly has been cunning himself, only handing her duplicates. Morley has freed himself and he snatches the real letters and departs with this promise to Reilly, "I'll follow you to hell," since he can't prosecute him as yet because of the danger of scandal.

He consults Inspector Morley, who advises ignoring the threat for the time being, "she's of more value to them alive than dead.

Eileen Trotter is deputed by Morley to watch Reilly's Hatton Garden office, while Morley blames Blandford, who has gone against his advice and handed over the emerald.

However Susan has not been released. In fact she cannot be released since old lag Spike, in a fit of drunkenness has told Susan that Reilly is her kidnapper.

Reilly orders Spike to dispose of her. But in one of those improbable coincidences, Morley happens to have seen Spike in the street and "curiosity" makes him follow the crook to the house where his boss George is holding Susan.

Spike is paid off and of course spends his ill gotten gains in a pub. He staggers to Reilly's office to demand the Green Eye, the pair fight and Spike is stabbed to death.

A man called Archie, Morley with a thick beard, approaches Reilly offering to bump Morley off as well as the girl. In fact the simple plot becomes more elaborate as the inspector uses his chance to expose the mastermind behind the kidnap.

He kindly explains to the gang the errors they always make, "simple deduction" solved this case. It's a neatly done finish though regrettably Reilly must have penetrated Morley's disguise and "the old fox got away again.

The former relates how this case had begun. Scientist John Harrison had approached him two weeks ago. His new discovery is XYQ, but he is worried as his assistant Paul Roger has disappeared, and so have elements of his formula.

Now crooked diamond merchant Terence Reilly had purchased such a machine, though when she asks him, he denies it.

Reilly is up to his old tricks, strangling Harrison in order to search his home for the rest of the formula. Eileen is in danger too. Walking along a street to work, Reilly kidnaps her, bundling her away in his car.

A stranger calls at Reilly's office, pretty obvious it's Morley with a moustache and beard and glasses, but Reilly is slow on the uptake.

The stranger wants to buy a diamond, and admires the ring Reilly is wearing. Now its shape matches exactly the indentation in the dead professor's neck.

Too late Reilly works out who this stranger is. In a typical Tod Slaughter scene, with several wonderfully corny lines, the crook attempts to make a deal with Morley, "clever Morley, but not quite clever enough.

No, responds the inspector. Morley chases him across a bombsite but loses him when Roger grabs a car.

Morley hails a taxi, but it's too late. That brings us back to the opening scene. Hoping for Eileen's release, and for news that Roger's car is spotted.

It is, and Roger is tailed to a warehouse. In another typical Slaughter scene showing him at his nasty best, Reilly has concocted a bath of nitric acid for Eileen's benefit.

When Roger joins Reilly at the warehouse, the Yard swoop and Roger is under arrest. Reilly however, tips the bath over to cut off pursuit, and exits a free man.

But Inspector Cranshaw doesn't seem bothered, "Reilly won't get far. The feature length film has one final scene to round it off.

Reilly is caught and on the prison notice board, a note as to his time of execution is posted. Inspector Morley concludes with a mini sermon.

Is there any connection with the fact that Terence Reilly had escaped prison the week previously? She's got the cash, from the proceeds of all these car robberies, for it is she who is the brains behind this gang.

However she is reluctant to hand him all that cash. Inspector Morley recognises one of the car thieves as Phelps, an associate of Reilly on the Green Eye case.

According to Inspector Grant of the Yard, Reilly has been seen in Paris, but Morley is convinced that this proves he's still in London.

The car of a Dr Simpson is stolen, a note warns him off telling the police. But he does consult Morley, who smells the exclusive Parisian perfume on the notepaper.

Morley buys a beard from a theatrical costumier, then makes his way to Maria Flame's flat. She has been advertising for someone in search of adventure.

Phelps is assigned to tail Pierre, just to make sure he doesn't renege on the deal. But Morley outwits him and has him arrested. In the best Tod Slaughter manner, Reilly ascends the fire escape to Maria's flat.

Enter Pierre with a gun. A struggle, as Maria watches on. Then the police burst in and arrest Reilly Uncredited speaking parts: A thief called Phelps.

A theatrical costumier Arthur Howard. Dr Simpson Inspector Morley Menu. Murder at Scotland Yard Reilly has escaped from prison! He's somewhere in Soho.

At Scotland Yard, Inspector Carstairs stupidly opens a package, a radio "from an old admirer. His secretary, Miss Eileen Trotter unpacks it, but since it needs a plug- stupid mistake by Reilly- she cannot switch it on.

A kind window cleaner does the job for her, "there we are. He has been with Inspector Grant at the Yard sifting through the rubble in the late Carstairs' office.

A photo of Maria Flame is mysteriously intact, "slippery as an eel. The window cleaner is plugging in the radio when Morley returns, he switches off the sweet music in a haste, then defuses the bomb.

Miss Trotter has been delegated to watch the radio shop, but she is kidnapped. Reilly devises another fiendish plot to dispose of his enemy.

It's either Morley or me. They fight but Morley is shot by Reilly's accomplice and dragged away into a car thence to Reilly's hideout. Death at the Festival cinema release: Before Morley even talks to her he knows what it is, for the door is opened by the butler none other than Morley's old nemesis Reilly, last seen running a marriage bureau.

He ushers Morley in, Cynthia explains her invalid sister Agatha is her worry. The events go back fifty years to when a Richard Parker had wanted to marry her, but their father had not consented because Richard's father was in prison.

Parker had sworn revenge on the Quelch family, ten years later Mr Quelch had died in mysterious circumstances.

A long gap before last year, at the Festival of Britain hence the original title of the story , their only brother Roger had died.

Find Parker, Cynthia begs. Morley's initial advice is sack Clarence the butler, alias Reilly. But that is impossible, according to Agatha, so just what is he up to here?

Inspector Cranshaw learns from the American police that Parker had died in , the valet and chief suspect was never traced. To protect the two surviving sisters, Morley stays at The Grange.

He discovers love letters from Parker to Agatha. But when Cynthia takes her afternoon rest, she is strangled in her locked room.

How did the killer get in? Cynthia's cup of milk is still warm, suggesting she had only just died. Inspector Cranshaw warns, "keep an eye on the butler.

The evil exposed, a dagger is improbably drawn, but it's not long before arrests are made. But can anything be proved against Reilly? The detectives end by mulling over the case Inspector Morley.

Crime Club Towers of London started at the end of June on this proposed series of one-off stories that hoped to repeat the success of Towers' earlier successful radio series of this name.

The first of the series to be made was Invitation to Murder. The director was Robert Lynn, the writer Joel Murcott.

A bed ridden eccentric leaves his money to the last beneficiary to survive him: A private eye Robert Beatty vies with the police to solve the crimes.

This story was not well received by St John Roberts, who wrote after seeing it, "a very heavy handed drama which was supposed to look like one of those creepy French thrillers We had a millionaire who proposes to leave a will naming five beneficiaries.

Each is to receive a hundred dollars a week, though the bulk of the estate would go to to the remaining survivor Millionaire to inquisitive private eye: Jim Mason Ben Gazzara is an architect, his work affected as Molly his wife has left him for mother.

But when he phones her there, he's told she hasn't been there. His wife's last words, he says, were the ominous, you'll never see me again. Inspector Stillman becomes suspicious when all of Molly's possessions that Jim said she had packed and taken with her are found in their St Albans' home.

Jim's on the point of being arrested, so he locks the police in his cellar and drives off fast. He's chased - by the usual police car XPC and avoids a road block, then he learns Molly had boarded the bus for Warwickshire, she must have gone to her parents.

His architectural skills prove useful in locating a dummy wall in the house, the inspector steps in to complete the demolition of the wall, and sure enough there is a corpse.

However it is not Molly's! In fact they have gone south to Jim's home where Joe is digging up the cellar to plant Molly's corpse there.

Police arrive in time to stop the frame-up. The first body was that of Molly's real mother, as the whole evil plan is exposed in this neat little thriller As far as I can ascertain these two films were all that were made in this Crime Club series, and rather improbably they were screened in the 'Summer Armchair Theatre' slot in August Presumably the project was abandoned.

Pair of Private Eyes. The Expert No Hiding Place. Colour code in the above chart only of the producing companies: BBC A-R ABC ATV Granada Sadly, stories screened 'live' have been lost in the ether, while too many 'taped' stories were wilfully destroyed by philistines, some of whom should have known better, like David Attenborough for example at the BBC, who, while enthusiastically ensuring wildlife didn't become extinct, oversaw the destruction of some of BBC television's endangered series.

We must be thankful that Granada, in particular, had a much more responsible attitude to their archive, and kept such quirky series as The Odd Man, and The Corridor People.

My picture is from a missing It's Dark Outside episode from ATV's zeal for earning their fortune in the export market, has ensured that some of their studio based series like Sergeant Cork, also survived in some corner of a foreign field, now thankfully, if that's the word, reissued on dvd.

The BBC have sorted out that part of their archive that wasn't annihilated, and we can utter a sigh of relief that those days of wilful tape destruction will never return.

Nigel Stock provided staunch support as Dr Watson Pilot The Speckled Band - directed by Roger Midgeley Who is whistling at dead of night in the creepy old house?

Julia Stoner is to be married shortly, she'll be relieved to get away from her domineering stepfather's gloomy place.

Not so, for that night there's a scream and Julia is dead. But the cause is far from clear. Two years have passed, and now Helen is engaged to Percy.

She tells her fiance that her stepfather has insisted she sleeps in Julia's bedroom until the marriage. Indeed, he forces her to do so.

That night Helen hears a whistle. She jumps out of bed and runs away to consult SH. She is shaking with fear, afraid of her stepfather.

A cheetah and a baboon he has brought back with him from India, are his pets, making him even more frightening, she tells the great detective.

Dr Watson of course is all "at sea," especially baffled over Julia's dying words, Speckled Band. After she has left, with a lighter heart, the wicked stepfather himself, Sir Grimesby Roylott Felix Felton bursts in to warn SH to mind his own business.

Nearby they meet some surly gipsies- one is wearing a speckled handkerchief round his neck. Now SH examines Helen's new bedroom. A ventilator links the room with her stepfather's.

In the latter room is a saucer of fresh milk. That night, Helen lies petrified as Grimesby prowls the house. SH and Watson gain entry via her bedroom window.

A scream, but this is from Roylott. A swamp snake had entered Helen's bedroom via the ventilator, down the bell rope.

SH had beaten it off, and the snake had fled to savage its master, "violence recoils upon the violent. Peter Wyngarde's Baron has an edge, irascible, almost frightening as you fear for the besotted Violet who can't see through her love for this egocentric.

She will hear nothing against his "noble nature" for the very good reason he has been so open and honest with her about his disreputable past, even to accusations that he killed his first wife.

SH's first move is to contact at a music hall a petty criminal called Shinwell Johnson. Proof positive against the baron is what Shinwell is asked to supply.

Then it's face to face with the baron in his sumptuous home. They exchange unpleasantries as both stand confident in their positions. Now the baron seems foppish, bantering, yet still menacing in warning off SH.

She is sure the baron has committed two other murders. He keeps a leather book, his 'collection' of his women conquests. Dr Watson has mugged up on another passion of the baron's, Chinese pottery, so he can offer him a rare Ming saucer, as a distraction while SH and Miss Winter search his study for the leather book.

But it must be admitted Watson is no match for the baron who sees through him, "what is the game? The book is snatched, but Miss Winter has her own revenge, acid in the baron's face.

Though naturally the good doctor rushes to his side, he's now a disfigured martyr. Two surviving stories July 18th , and July 25th The six episodes from October 22nd to November 26th Episode 1 was on December 22nd I was waiting for the line, "it's jolly bad luck," but the script wasn't as bad as that, though we were given, "I'm not letting myself go!

Yes, contact with the errant rocket is re-established and it is guided back to Earth, "somewhere nearer than Croydon. The unruffled Dr Quatermass is driven to the crash site, somewhere on "the west side of Wimbledon Common.

Jaded journalist Jimmy is one of a slightly increasing crowd. The tension and excitement build well, then the press interviews keep us guessing up to the end of part one.

The rocket door is opened and out staggers a man in a space suit, real 50's sci-fi. It's Victor, the worse for wear. But inside the ship Quatermass can find no sign of his two companions, "I don't understand" Quatermass Menu.

Fullalove, a reporter, probes, as he is sure Professor Quatermass has some secret worry he has not revealed.

When an apparent clue is discovered on the space clothing, he won't even reveal its significance to the police. Victor is delirious, Inspector Lomax cannot get any sense out of him, "his brain must have been damaged.

Another clue is found in Victor's fingerprints. Quatermass is so worried by this action of the police, he has Victor removed from the hospital.

The professor's own doctor has a theory about the "change" in Victor. The patient is shown film of the launch. His only comment is "bring something back.

This might have caused an electrical fault. It is interesting how this drama is sustained so well for over half an hour Quatermass Menu.

He is busy trying to solve why his rocket launch in Australia has resulted in a nuclear reaction on earth, instead of heading for the moon to build his projected moon colony.

The twin of this rocket in Britain clearly has the same latent fault. Dillon, who happens to be the girl friend of Quatermass' daughter Paula, brings the meteorite to the great man.

He at once goes to question Fred the ploughman about what he had witnessed, but the poor chap is unco-operative, who can blame him?

A security area excites Quatermass' suspicions- it looks like a refinery, though the professor knows what it really is.

It is strangely deserted. That thing on poor Dillon's face? Sorry if my review isn't more enthusiastic. I found some good acting in the story, notably Herbert Lomas as Will in the pub, but there is also some poor acting, here I have to slate Quatermass' daughter, nearly your original BBC-accented actress, who hardly improves as the series progresses and nearly derails several scenes.

Still, this makes for interesting viewing Quatermass Menu. Security guards swoop and take him away, as a semi-prisoner, to the hospital at the mysterious government research unit.

Quatermass is not allowed to accompany him, ordered away. He encounters a tramp Wilfred Brambell who talks about the village that had been on this site before this huge base was built.

Quatermass collects up a lot of flints, then drives to the nearby new town of Winnerden Flats, a mass of prefabs built for workers at the base.

One of their 'representatives' is Dawson Michael Brennan who is uncooparative when asked by the professor about the nature of the place.

A little girl who "wanders" interests him, she is in the same trance like state as Dillon, and has the same mark on her.

Analysis of the fragments, coupled with Quatermass' glimpse of something almost invisible, yield wild theories. Police refuse to help, but then Quatermass is introduced to a civil servant who says the place is researching into synthetic foods.

All he has met to date is "evasion. Over the past couple of years several of my favorite bloggers have come out with T-Shirts.

Some are pretty cool and I own a couple myself. Do you have a cool idea for a jlcollinsnh. Describe it in the comments. This year is starting to feel like a Twilight Zone episode….

First, the grandmaster of renting buys a house…. Next, I get an email from the grandmaster of simple investing with a subject line that seems like Bitcoin clickbait.

All kidding aside, this is a great guest post and the only question I have is: Bitcoin is exciting as a speculating opportunity, but to me it is even more exciting as a decentralized, world-wide currency that allows everyone to participate in a financial system not controlled by a single central government.

Seriously, making the t-shirts — if there ever are any — available for purchase with Bitcoin sounds like fun to me.

Thanks for comment Jason. Think you should consider couple important points about Bitcoin. The most important is that a currency is generally tied to some form of value based on productivity.

In the case of bitcoin it produces nothing. In the words of Benjamin Graham there are two types participants in the stock market: Bitcoin is a speculators game.

In regards to IRS they have set precedent tax treatment for Bitcoin. They are treating bitcoin trades, sales, exchanges for products etc under capital gain rules.

That is a capital gain short term or long term is applied to each sale based on your acquiring cost against the transaction of selling or exchanging the bitcoin for a product or service.

I totally agree Michael — At this point it is absolutely speculating and I tried my best to make that clear in the article.

Bitcoin has all of the attributes of gold plus several additional ones that make it significantly better. You can store it in your brain and send it across the world instantly.

What is more exciting to me though, is that there are cryptocurrencies that actually DO produce value. They actually accomplish valuable work. Too soon to call in my opinion.

Lucas your comment to gold is very accurate. This concept of productivity is missed by many people trying to understand investing. There have been some interesting quotes on valuing things that produce nothing: Here is how gold is viewed by some of the greatest minds in investing: Or you could have a big cube of metal.

Which would you take? Which is going to produce more value? I think there is a good Warren Buffet quote on the difference between speculating and investing as it relates to gold.

Investing is something that is expected to produce new value. Speculating is just hoping that someone is willing to pay you more tomorrow than you paid for it today.

Gold is just the shiny metal humanity latched on to as a store of value and a currency that has several useful properties that make it good for such a function.

BUT, I think we all agree that humanity needs a currency. And any currency that has certain properties rare, transportable, fungible, divisible, etc can be useful as one.

Clearly, gold has limitations as this currency storage, transportation, protection from theft, etc but it did work for thousands of years before paper money.

We also know the USD lives on a precipitous knife edge after the removal of the gold standard, whatever the fed is doing, Wall Street insanity, etc.

What makes Bitcoin so fascinating is that it could potentially function as both. As someone who has owned, mined, and traded a little sure wish it was more!!

It is possible that the IRS will change their minds in the future, of course. I suggest consulting your tax expert. Also, I meant to say great job on the article Lucas.

Clearly explaining positives while stressing that it should only be done with monopoly money. My wife and I use the same expression for it, and understand that it is money that we are completely comfortable never ever ever seeing again in exchange for the slim chance of being in on the ground floor of something potentially huge.

It is clearly a currency and not a traditional asset. The IRS did release a statement saying that virtual currency will be treated as property https: Jim, for the T-shirt… You could expand it a little: My bro in law has been keeping me up to date with the bitcoin news, and it is very exciting and almost tempting!

Regardless, thanks for the info Lucas! For those unfamiliar, you can find this parable here: Glad I could help!

Nice introductory post on bitcoin Lucas! Even though I have no interest in investing in cryptocurrencies, it has peaked my interest the last few years.

Actually a few months ago I saw a pretty good documentary called Banking on Bitcoin. Thank you for the kind words.

I have seen the movie and I agree the movie would be a great follow up! For anyone interesting the Banking on Bitcoin documentary is available on Netflix and probably rentable other places.

However, people in the crypocurrency space often talk about the time warp phenomenon. You know how everything moves faster on the internet?

A month in crypto is like 2 years in the real world. That movie was released in , a lot of it was filmed in Very interesting reading, but beyond my expertise.

There are some very smart people out there. I really enjoy all the comments and answers to questions. James, This is a very timely post on bitcoins.

But I must side with Jack Bogle: Avoid bitcoins like the plague. Investing in the lottery is about as good, especially since I know the winning numbers.

I suppose buying a ticket would help. Great point about whether the typical reader here would wear a t-shirt announcing they are on The Path.

My sense is we are mostly low profile types. Every time when people are talking about Bitcoin around me I smell fear and greed. Fear and greed and nothing more.

Sadly, that is pretty much all you hear about Bitcoin because it now involves such vast sums of money. It was all about freedom, about connecting the world, about bringing fairness and sanity back to money and finance.

A lot of people, myself included, still believe in that ideal — right now we just have to ride out the waves of get-rich-quick hangers-on.

Like I said, the mania is just beginning. But it just seems like such a bubble. People are just buying it because it is going up not because of the other value that btc has.

I like the idea of over coming the poor decisions of politicians and the fed through an alternative currency. I purchased more than I needed.

It would have been cool to get in early. Maybe now is still early, maybe when the next recession hits it will also get hit pretty bad.

But I will probably buy then. I thought about putting in 2. But if the inflation ever happens that some people have said is coming for the dollar since forever then it might actually be nice to have some BTC if it can maintain its value despite the dollar inflation.

We are due or over-due for a good old fashioned market correction in the regular stock market 10 year non-stop bull run. If big money flows IN to Bitcoin when that happens as it does to Gold then we might really be on to something here.

Thank you to everyone! The advice has consistently been: If someone comes to me and asks: Well, JLCollins would say… no!

And it is so cute! But I also then saw, from someone I respect, the comment: Or do some angel investing.

That is an emotional charge though, I fully feel the excitement as I write this. I see bitcoin the same way and this is the message I got from the post.

Regardless of how it ends, bitcoin is making history and ignoring it seems unrealistic to me. Back in , we went to Vegas.

The reason why everything was so cheap? Our hotel and food was fully subsidized by the gamblers. Well what would you expect from a former Torontonian!

Being that my only taste of Bitcoin was watching the numerous drug deals happen while sitting at a bar at FinCon, it just seems shady to say the least.

Yep, we totally witnessed it. As for the shirt… The GodFIther… or the letter F, the picture of a female sheep and a stack of bills. Thanks Todd for getting it without any explanation!

I was cracking up when I thought of it. I fully expect the US Government to use a similar argument when they begin to attempt to regulate Bitcoin. It is true that in the early days, Bitcoin was used a lot in things like darknet marketplaces Silk Road, etc to transact really ugly business Talking about murder for hire, illegal weapons, etc — not about drugs, which is a different debate.

US Dollars, and every other currency, are used every day to transact that exact same business. Throwing the baby out with the bath water as it were, and arguing that Bitcoin is the cause of those awful things happening in the world is not really accurate.

I happen to think that we should mostly , but I can see perfectly valid points arguing against that. If the value increases by a factor of , which is not infeasible, the smallest amount of bitcoin that can be owned outright will be worth more than the smallest amount of US Dollar that can be owned outright.

IMO bitcoins are another distractions that ultimately leads people away from the perfect simplicity of the index fund.

I promised myself I would never deviate from the simple path to wealth. Even if I could have been a bitcoin billionaire, having enough money that the dividends of the total stock market covers my basic expenses is plenty for me.

If Bitcoin or some Cryptocurrency manages to take over the Index Funds will bring them into the fold or possibly even be denominated in Bitcoin.

Index investors are still buying in to the world economy. I took out 5 times my original investment and now have 8 times my original investment still in.

I wanted to invest not only less than I could afford to lose, but so little that I could tell my wife I lost it all without her turning white! So the key question is: Let me throw a factoid into the mix: I would suggest that the answer is a big fat no, and that Bitcoin is about to get regulated right up its cryptowallet.

Heck, the entire world of high finance i. But here is what makes me wonder if that will matter in the long run: To see a real live case study of this happening now, read about Bitcoin in Venezuela.

If you know what I mean. Venezuela is unique — and a good case for when crypto as a store of value could be beneficial runaway inflation, economy about to collapse.

Not to mention, 7 transactions a second Bitcoin and other Proof of Work means that we will have to wait days for our Starbucks payment to process….

At a time when humanity is still burning fossil fuels to generate electricity and there are billions of people in the world without access to adequate energy to meet their daily needs, that amount of electricity to undertake the essentially meaningless task of solving computational problems for the purpose of generating more Bitcoin is unethical, in my view.

On one hand, the electricity used by mining really is polluting because of what you mentioned — we are still using fossil fuels, coal, etc — and the crypto community should work to change how mining works to use less.

The same fossil fuel argument could be used for anything. It was true before the Internet revolution. We were on fossil fuels then, and we still are now.

Imagine how much electricity all computers in the world use? It must be staggering. But no one says: Computers are powered by electricity made by oil, therefore Computers are unethical.

Food is grown using machines fueled by oil. Clothes are made with machines powered by oil. Water is piped to your house with electricity made by coal.

Instead we say, and should continue to say until it changes: That oil, coal, etc are unethical energy resources and we should all move everything to renewable energy as soon as possible regardless of what the electricity they generate is used for.

Lucas — I appreciate the article, but find your response to the environmental impact angle to be a dismissive and poorly reasoned attempt to white wash a real concern.

The world is making real progress towards reducing greenhouse gas emissions through accelerating deployment of renewables.

Bitcoin mining and the associated electricity demand is wiping out those gains and growing exponentially. In other words, the cost to benefit ratio of the energy deployed in this endeavor is horrible.

This problem will only worsen as the popularity of bitcoin increases. Climate change has very real consequences for human health, national security, wildlife, and our economic vitality.

We need a healthy planet to live on more than we need speculative cryptocurrencies. At a time when transportation is moving away from ICEs to EVs and hybrids, battery storage and renewables are being paired to make a more sustainable electric grid, dirty coal is being replaced with natural gas, and gains in efficiency are putting a real dent in greenhouse gas emissions, this is a huge and completely unnecessary step in the wrong direction.

It would be short-sighted to brush this off as a minor issue. It requires a real debate and real solutions. I am not sure what the debate could be. Is mining using huge amounts of energy?

Is this energy use adding greenhouse gas emissions? Are people going to stop mining because all of a sudden they develop a conscience, I will let you answer this one for yourself.

I think Lucas generously attempted to calculate the possible plus and minuses of mining carbon footprint but I am afraid the variables are too many for us to even consider finding a solution.

Noble vision, but probably your efforts to protect the planet will receive better support in other arenas than what they can get in the bitcoin community.

Bitcoin mining operations have just as much financial incentive to move to renewable energy to save money as every other industry.

In fact, the crypto mining industry has an EASIER time doing that than any other, because their location does not matter.

They only need an internet connection This is why we see the largest mining operations in places like Iceland — where Genesis mining company is running on geothermal.

Moreover, you desecrate the memory of Witold Pilecki plus other Polish officer escapees from Auschwitz who produced written reports, e.

I am omitting here reports by Jewish escapees, for example the Vrba-Wetzler report, as well as the fate of the Jewish part of my family during the war, so as to skirt the whole specious Joooos-tainted-it aspect of your comment.

The lowest for Auschwitz, for instance by the Polish historian Franciszek Piper , cites 1. The highest figure cited for Auschwitz is 4 million. However, much has happened since it went up, including the Blogger outage.

Scroll down for a report on that. More new posts will be added below this one. The essay below is the conclusion of the ninth part in a series by Takuan Seiyo.

See the list at the bottom of this post for links to the previous installments. For over 60 years, White mea-culpists have had a firm grip in all fields of cultural mind imprinting: Their main endeavor has been to enforce their compulsory e.

K and discretionary e. Nor the evils of the worldwide Islamic Inquisition which — not in the 16th century but now, in the 21st, condemns Muslim apostates to barbaric execution.

Instead, aggressive White androphobes of all genders which I can no longer count are decimating the philogynous and egalitarian West.

Equality psychos are tearing down the most egalitarian society that ever existed except for initial communist experiments, before they turned bloody.

American Jews, at the apex of the greatest fortune and philosemitic tolerance their long diaspora has ever bestowed on their kind, are busy supporting all the ideologies and policies that demolish their safe harbor and build up their Muslim, Black and Third World enemies.

Leftoid masochists and the Christian meek call for returning Hawaii to the Hawaiians and capitulating before a massive Mexican reconquista of one-third of America.

The rightful Etruscan landowners are not bearing angry placards in front of the Vatican. The Japanese are not planning to relinquish Hokkaido to its original owners, the Ainu.

The tall, white and fair-haired Chachapoyas of the Andean forest have, alas, no remnants left to sue the Incas for genocide in a Peruvian court of law.

However, even that great moral abyss of Western civilization — the Holocausts — stands out more in its industrialized and organizational features than it does either in the quality of its hatefulness or its relative or even absolute volumes.

In relative numbers, in just one year, , the Hutus and Tutsis in Rwanda, killed off a total of one million, in a population of 7 million.

Is it more humane to go by a stroke of a blunt machete than by a whiff of Zyklon B? The Khmer Rouge murdered at least 2 million Cambodians between and Is it more humane to die by wallops from a Cambodian pickaxe handle than by a bullet from a German Mauser?

Inscription on the back in German: There is a special horror attached to the Third Reich, because those were 20 th century Europeans, Christians, and in many ways the smartest, most civilized people on Earth.

But the Holocausts do not prove that Whites are worse than other people, just that they are no better. The history of the Third Reich also proves that with the right formula of economic blowup, misery and humiliation, sparked by charismatic evil, no people are immune to such horror, at no time.

Our Norwegian correspondent The Observer sends his translation of an article and interview with two respectable high-profile Muslim leaders in Oslo, who have strongly negative opinions about Jews and the worldwide Jewish conspiracy.

A new trend seems to have developed in the Islamic community in Norway: It should also be pointed out that this is the same mosque that the Norwegian police apologized so profusely to last year for the fact that we have freedom of speech in Norway.

The translated article from Dagsavisen:. Many Norwegians have a negative view on Islam due to Jewish domination of the media. We are visiting Central Jamaat-e Ahl-e Sunnat, the mosque with the largest member base in Norway, to talk to its spiritual leader.

The mosque was founded in and currently has more than 5, members. The Imam begins by explaining that all three heavenly religions, Judaism, Christianity and Islam, are sacred to them.

Many people are unaware of this fact, says Sarwar. Both of them believe that the school visits confirms their views that Norwegians in general have an inaccurate impression of Islam and Muslims.

People are ignorant because they get their information from the media, and the media only write negatively about Islam. Only a handful of people were behind the movie about Mohammed in the U.

So who was financing them, who was backing them? A big tip of the Bodissey pickelhaube to our commenter Jolie Rouge, who has provided us with a brand new acronym.

Note the aggressor is not named other than by geographical location e. North Africa, Afghanistan and surprisingly the inclusion of Turkey.

I think JIM could have great utility for our enterprise: Who will be the first major Western politician not counting Geert Wilders to break the greatest cultural taboo of our time, and mess around with JIM?

Yesterday a group of Al Qaeda terrorists assaulted a natural gas plant in Algeria and killed two foreigners while taking 41 other hostage.

Today Algerian special forces staged a helicopter raid on the plant, killing a number of the hostages — between six and 34, depending on whose figures you believe — in the process of taking out the terrorists.

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