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Title : Still Bullish On Cryptocurrency -- June 3, 2018
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Still Bullish On Cryptocurrency -- June 3, 2018

Disclaimer: yes, you know the drill. This is not an investment site. I'm not even sure it's an entertainment and/or education site. All I know is I've not been kicked off the internet yet. Certainly the internet gurus know my political leanings. If the internet censors are reading this, for the record I am a huge Obama supporter; will vote for Bernie Sanders if he runs again; can't understand how Hillary lost -- the election must have been hacked. And I love an unfettered net -- an internet without regulation, a free-for-all. But I digress. This is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or think you may have read here.

Cryptocurrency: some time ago -- a couple of weeks or a couple of months, I forget, I mentioned that having initially been wary of cryptocurrency, I am now bullish. Having mentioned that a reader sent me this:

I am in the "tech"  industry so I have exposure to blockchain.  Here is the first link. This one of the most understandable explanations of the process I have encountered:

• https://channel9.msdn.com/Blogs/Seth-Juarez/An-Introduction-to-Blockchain-with-Mark-Russinovich

If you like that here is the follow up on how Microsoft (sorry it is not Apple) is implementing it. 

• https://channel9.msdn.com/Blogs/Seth-Juarez/Inside-Coco-Framework-the-Foundation-of-Blockchain-for-Enterprise-with-Mark-Russinovich

An interesting aspect of the second video is how he addresses the "energy use" aspects of the process. If I remember correctly when I first saw this it was during the bitcoin boom and warmists were worried about the CO2 impact.

Yes, warmists should be very, very concerned about blockchain. The cryptocurrency miners use huge amounts of electricity. At the rate "miners" are using electricity, some countries that signed the Paris Protocol To Control The Earth's Climate will have to start burning coal, again, to make electricity. 

From what I can tell, the reader did not say he was bullish, neutral, or bearish with regard to cryptocurrency.

For the record, simply because I am bullish on cryptocurrency does not mean I have any money invested in the sector. I am bullish for Tesla to succeed but I am not financially invested in the company. I think it's a cool car and if I had all the money in the world, I would buy one or two or three.

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