An OP-ED about an OP-ED: A conspiracy against Bitcoin? And do you really have control of your own money?

Ask yourself: “Do you control your money?”

I was browsing Coindesk when I came across the below OP-ED:

Bank of America Is Closing My Three-Year-Old’s Account Over Crypto

Go ahead and read it, this article is the basis of mine. Long story short the author claims that Bank of America closed his account, his wife’s account, and the account he was using to hold his daughter’s college funds in because he started a firm that traded cryptocurrencies.



It just gets better…

A little extreme, don’t you think? And this is not a one-off event, as: PayPal banned bitcoin related transactions, Mastercard baned EU Bitcoin Debit Cards, Visa shut down some Bitcoin Debit Cards, some banks baned the purchase of Bitcoin with their debit cards, and so forth.


This sounds like a conspiracy against Bitcoin.

Based the responses of many financial institutions towards Bitcoin in the last year or so you would think that they are afraid of Bitcoin and/or there is a conspiracy against Bitcoin.


But aren’t a bunch of banks researching the blockchain?

You probably keep hearing that “x institution is researching how to use the blockchain”. Keep in mind that “Bitcoin” <> “Blockchain” are not synonymous: Bitcoin is a decentralized P2P currency, where a blockchain is simply a ledger. So a bank could adopt a blockchain style ledger but still remain hostile to Bitcoin.


So, what do I think?

Bitcoin is yet to even develop much of a niche, so I do not see Bitcoin “killing fiat” (or similar chatter you’ll find on Reddit) any time soon (and probably not ever). Because of this I wonder why so many banks have taken a hard line stance as if it were cutting into their business.

Still though, if you read the articles that I have linked to it will really sound like there is a conspiracy against Bitcoin (or cryptocurrencies in general).

However, to be honest, I have absolutely no idea if there is one or not. Reading about events like these is creating the same questions in my mind that they probably created for you, and one could make a logic argument both for and against a conspiracy against Bitcoin.


Closing Thoughts:

What I can say though, is that it’s is very important we keep a close eye on events like these. I think that they are a good example of our ever decreasing financial freedom if a large bank can tell use we can or can’t buy something with our own money.

You’re probably going to be able to pay state taxes with Bitcoin in Arizona

Pay Your Taxes With Bitcoin


First reported by CoinDesk, you can read the details of the bill at Legiscan and the bill’s changes to the tax code on the Arizona state legislator’s site.


What is this bill?
In short, this Arizona state bill (SB1091) will allow you to pay your state taxes in Bitcoin (and potentially other cryptocurrencies as well). Supposedly other states are also considering this, but Arizona is the only one to have made any progress towards it.


What’s the news?
If you have followed Bitcoin related news you would know that this is not the first time this story has broke, in fact it’s been in the news on and off for nearly 4 months. Just like the previous times, however, it’s in the news because of the progress it is making.

According to Legiscan, after passing the Arizona State Senate it is now going to be voted on in the Arizona House of Representatives; meaning that it is getting close to either being signed by or vetoed by Arizona’s governor Doug Ducey (assuming it passes the house).


What does this mean for Bitcoin?
If this bill passes, it will be a great source of publicity for Bitcoin; as well as a much needed source of adoption that will help give Bitcoin a better sense of “legitimacy”. Still though, it shouldn’t be to overblown, as this is kind of news will probably be shrugged off after some time by most everyone (as with most news it seems – everything has a flashy title and politically charged content that is forgotten by the time the next story breaks).


Do I think it will pass?
Judging by the rate of success it has had getting to the point that it has gotten, as well as the fact that most politicians are probably looking to get their names in the headlines (for a good reason of course); makes me pretty sure that this will pass. Of course I’m no political analyst, so take my predictions with a grain of salt.


Final Thoughts:
Like I said above, I think this is a badly needed source of legitimacy and good publicity for Bitcoin. I’m expecting this bill to pass, although to be honest I think it’s more for show and publicity; and that it really will not remain in the news for all that long (or become all that utilized).

Increase your productivity: Use Email Filters

How Clean is Your Inbox?

Ask yourself: how many emails do you get a day? Then ask yourself: how many emails of those did you want/need to get? See what I’m getting at, you probably need to start cleaning up your inbox; and filters are probably the best way to do it.

By using email filters you can automatically sort your emails into different folders where they can be sorted through or deleted when you need, instead of filling up your inbox. Trust me: it’s a HUGE productivity booster, and it makes checking your email something much more enjoyable. Not to mention it’s a really easy process to set up.

How To:

To begin, start by simply creating a couple of folders in your email. I would advise something simple like “Newsletters” and “Notifications”. If you get a lot of emails from work or if you are a college student then a “Work” and/or “College” folder might be nice too. Of course, these are just my recommendations – you can make as many or as few folders as you’d like with any names you want.

Now, go about your daily life. Every time you receive an email take a look at it and decide it’s importance. If it’s important then leave it where it is, otherwise you can consider directing all future emails of that kind into a specific folder. For example, forum notifications can "How Clean is Your Inbox?"go directly into your “Notifications” folder, newsletters your “Newsletters” folder (perhaps the newsletter, hint hint), etc.

Now because each email provider varies I can’t provide you with specific instructions on creating a filter, but generally it goes something like: You want X emails to go to Y folder (say PayPal Receipts to your “Notifications” folder). Then you copy the “from” email (in this case “[email protected]”), go to your email filters, and create one that automatically puts any email from a given address (in this example “[email protected]”) into a specific folder (in this case “Notifications”). If you run into any trouble then your best bet would be to Google “Email Filters [Email Provider Name]”, and I’m sure you’ll get it sorted out.

Bonus Tip: When going through each email (especially bulk emails) and considering where it should go, keep in mind there’s another option too: Unsubscribe. Seriously consider whether you are interested in the content of that email, and if you’re not then hit that button and rid yourself of something that keeps consuming your time.

Is Bitcoin going to have another bull run? Based on past bull runs I think so.


Bull - CC0, From

Bitcoin’s price sure has been a wild ride since the beginning of 2018. Tons of good and bad publicity, the futures market, and of course the crazy volatility with Bitcoin’s price hitting highs of nearly $20,000 and lows of nearly $6,000. However, I am beginning to think that the crazy volatility is coming to an end and we are about to enter another period of stability and rising prices.

I know, you are probably skeptical of that. But let me explain my logic and the similarities to past market patterns. See the chart below? You can see the sudden rise, followed by the return to pre-rise levels, then a bunch of volatility.

Now, take a look at this chart. This chart covers May 1st 2017 through August 31st 2017.

Although the changes are less dramatic, it’s easy to see that Bitcoin went from $1,300 to $2,600 quickly, followed by some high volatility, a short session of stability, and then a steady rise. Now, comparing this chart and the last, you can easily come to the conclusion that they line up pretty well; except the first chart (being the present price) stops in the middle of the stability period. This is where my prediction of a rise comes in to play.


My Thoughts Summarized:

While nobody can be right 100% of the time (and trust me, I’m no exception to that rule), I am pretty sure that we will be seeing a bull run withing the coming week or two, probably ending up somewhere between $10,000 and $15,000.

The Bitcoin “Flippening”: Why it won’t happen

The Bitcoin "Flippening": Image Unavailable
The Bitcoin “Flippening”



There has been a lot of chat about about the “flippening” on the internet, and while some people are convinced it will happen, I disagree.


What is the “Flippening”?

Never heard of the “flippening?” That’s alright, I had not also up until a couple of months ago. The “flippening” is a speculated event where another altcoin surpasses Bitcoin’s market cap and takes the title of the #1 cryptocurrency.

Of course you can never be sure, but I am pretty well certain that this will not happen; at least not in the remotely near future anyway. Below I have 4 reasons why I believe this to be true:


1 Transaction Prices

Probably the biggest reason why people speculated the flippening is because of the high transaction prices of Bitcoin compared to other cryptocurrencies. While it sounds like a legitimate reason for the community to migrate to another crypto, it’s flawed logic. You see, if everybody migrates to another crypto then that crypto becomes bogged down and just as congested as Bitcoin is now.


2 We would all have to agree on a “better” crypto

Even with transaction prices out of the way, you might be thinking “what if another crypto comes along with better features?” Problem is, every feature has it’s pros/cons, and since the community can never agree on anything (think SegWit, that took 6 months and had virtually no drawbacks); how do you think the community would agree on changing to a different cryptocurrency altogether. Besides, if a feature is agreed on by most everybody it will be implemented into Bitcoin.


3 Adoption

Bitcoin has it’s uses, but at the moment most transactions are speculation based. The numbers I have heard have ranged from 70%-80% being speculation, while the other 20%-30% is actually part of a normal purchase. While 20%-30% is low, most altcoins (with a few exceptions) are probably 99.9%+ speculation. This creates high volatility and even if it appears to rise it could very well fall just as fast. That is not a good storage of value.


4 Mutually Assured Destruction

If Bitcoin was replaced it would create chaos in the market and everything would suffer immensely. Most people would probably cash out, and outside investors coming in would be nearly non-existent. This is a good deterrent for anybody trying to organize a mass migration to a different cryptocurrency, as it would probably result in everything being worthless (or at least worth a lot less).


Closing Thoughts:

Again, while nobody can be right 100% of the time (and trust me, I’m no exception to that rule); I highly doubt we’ll see the flippening any time soon, mainly for the reasons stated above.