iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
18,108 Blog Posts

Star Wars, Bitcoins, and My Book

I can’t get over how bad the Star Wars movie was, the social justice warrior edition, and how utterly retarded Director and Writer Rian Johnson is for ruining the franchise. Not only did he completely ruin the lore of Luke Skywalker, but he also inserted a purple hair’d weirdo Admiral to turn ISIS and light speed into oblivion for the sake of what exactly? All of the characters were maligned, and Kylo Ren was reduced to a petulant child, throwing tantrums at every turn, perpetually filled with conflict.

Do you mean to tell me when he killed Dad in the last movie that wasn’t enough to ‘go to the darkside’? For the love of Christ, this movie sucked so bad I will never bother with another Star Wars movie again.

But it’s sort of indicative of a greater sickness permeating the collective psyche out there now, a wanton sense of entitlement that is born out of excess; which brings me to my next point: the bubble in cryptocurrencies is going to ruin lives.

Yes, I know, the Dow Jones is for olde men who value profits and metrics. The new economy is all digital, based on white papers and Github forums, checked by auditors on Reddit. Anyone who isn’t part of this new religion is simply missing out and shouldn’t be so bitter — because being bitter is for old men and old men are supposed to die soon and the younger people will never age.

If I may be so bold, spend $6, or buy the collectors version with RARE ART paperback, and read my cautionary tale of when I was young and stupid, just like you, and how the dot com bubble burst nearly ruined my life. It’s a quick read and I promise you’ll enjoy it because I’m a fine writer and know how to spin a good yarn.

If you’re not interested in cautionary tales, read the prequel, and you can simply pretend the good times will continue indefinitely.

That being said, I intend to continue buying/selling my crypto proxy plays and I am building an Exodus platform for cryptos. I do not need to invest in cryptos to know that there is a massive market out there of newly minted speculators who are without basic investment tools to make better informed decisions. But rest assured, the bubble will pop at some point and when it does you’ll reflect upon your hubris as a laughable moment of grand stupidity.

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31 comments

  1. derp

    If you think Star Wars sucked you should have seen Justice League. Warners Brothers spent over 300 million only for Joss Whedon to reshoot it and it’s pure shite. It makes WarCraft look like Gone With The Wind.

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    • Dr. Fly

      I saw it but my expectations were very low for it and I enjoyed its stupidity.

      Pet cemetery scene was classic.

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      • a.composite.of.gurus
        a.composite.of.gurus

        Im waiting for the hansolo story and anticipate young Han being played by an ugly ethnic actor with confused sexual identity old han was to masculine

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    • Cricket

      Media is passing into the hands of Feminist/LGBT/Soyboy types in order to prepare the population for Michelle Obama’s next run for office. Engineering the consensus, I believe it’s called. Expect to see a lot more weird, illogical stuff coming forward. Disney is at the very nexus of this operation.

      Along with demonizing/labelling all white heterosexual males as molesters/sexual predators, this is being done to get another 2 percent or so to vote for a woman candidate above all other platform issues.

      Those who have small children, take care. They are being indoctrinated by public schools and social media. I have my suspicions as to where all this is coming from – something to do with community organizing, no doubt.

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  2. bushwacker2

    Oh, no! I haven’t seen Star Wars yet. I’m going to try to pretend I did not read your scathing comments.

    As for cryptos, yes the whole lot is in a bubble and that bubble is really just getting started. Institutional investors want in, and that will provide support over a longer period of time. Meanwhile, Joe Publik is trying to figure out how to buy bitcoin. When 100,000 new Coinbase accounts are opening up each day, that perpetuates the bubble. The public hasn’t even heard of Ethereum or Litecoin or Zcash or Monera yet, but they will. And when they open up their Coinbase or Kraken accounts and see that they can buy more Litecoin or Bitcoin Cash than granddaddy Bitcoin, they’ll buy those cheaper priced cryptos. The mindset is similar to buying shares of SHOP vs shelling out $1100 for one share of AMZN.

    99% of cryptos will go to zero. The real ones will emerge just like the few leading generational wealth building stocks emerged from the dotcom bubble, which you can count on one hand.

    If people value privacy, security, convenience and no/low transaction costs, then certain cryptos will always be in demand. The challenge is to conduct the proper due diligence to know which ones.

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    • Dr. Fly

      I can agree with all you said.

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    • it is showtime

      “Surprise” conspiracy hypothesis

      Looks moved to me. Btc looked ‘moved’, few months ago.
      Look at what you just said,
      technically-bigger than tulips,
      without hitting a full general mania stage
      Access&participation still pretty limited. Bigger, pernicious, agenda or objective here

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      • bushwacker2

        Cryptos are an evolution of money based on the information and digital age. Civilization has gone from barter to gold and silver to coins and currencies to fiat money. Cryptos are just another evolutionary step. Not sure what conspiracy hypothesis/agenda showtime is talking about. But cryptos are here to stay because they satisfy the two main functions of money—-a medium of exchange for goods and services; and a store of value. Yes cryptos have value because they are basically programming code that is designed to perform a function or utility. That’s the intrinsic value of each. The problem with most cryptos is there is no limited supply by design and most of them are scams by design to enrich the developers without regard to creating value for the public. The programming code is the differentiating factor, as well as the quality and integrity of the team of programmers and developers.

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    • J Adabese (your pen pal)
      J Adabese (your pen pal)

      Wow. You’re really on to some cutting edge perspective. Not. You are just regurgitating things that have already been written. Come with something useful since you consider yourself to be such an educated perspective.

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    • J Adabese (your pen pal)
      J Adabese (your pen pal)

      Great. Just great. We’ve got the next John Lee on our hands.

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    • sarcrilege

      If you want to draw parallels to dotcom bubble, you will see that it was not the best technology or software engineering that survived. It was abominations like Goolag, Foobook, Gamazon backed by NSA/CIA/Mossad that survived. Same will happen again – crypto backed by deep state for the deep state.

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      • Cricket

        The mysterious and anonymous Satoshi Nakamoto. Yeah right.

        There is something quite sinister behind all this. I, for one, do not believe that some anonymous person in his Mum’s basement, who still reportedly owns 1 million Bitcoin, was the sole originator.

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  3. soupbone

    A quick visit to the dark side. The speculation involved with cryptomania has everything needed to lead to suicides if it turns south.

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    • bushwacker2

      It’s like that with manias. I was reading a book on Churchill where he was in NYC during the ‘29 Stock Market Crash and witnessed someone leaping to their death. People have to be smart about cryptos. Don’t risk what you’re not will to lose. Unfortunately, most people are short on discipline and short on patience.

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      • bushwacker2

        Don’t risk what you’re not willing to lose.

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      • MSGT HARTMAN

        Do you know what’s worse than losing all of your money in a bear market?

        It’s the day traders losing all of their money in a bull market, quite hilarious actually.

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    • it is showtime

      THE
      DARK
      SIDE

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  4. moosh

    They better get their shit together before doing the Yoda movie

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  5. chuck bennett

    Agreed, was pretty shitty

    Regards

    Chuck Bennett

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  6. moogle

    Fly. How can a degenerate from Canada buy your books. Amazon.ca only has a kindle version.
    I like my books like I like my money. In Paper form. None of this digital stuff.
    We are a land of few but we shouldn’t be deprived of such grand adventures and insight.

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  7. ferd

    In the original trilogy, the force, as explained by Obi Wan and Yoda, was something that flowed through all living things. We could all tap into it …learn to become one with the force.

    Inspirational.

    The franchise was ruined when the force became based on the quantity of parasites with which one was born.

    Clearly the original movies were written by someone locked in George Lucas’ basement but who escaped before the heartless forth, and subsequent, installments were written.

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  8. sarcrilege

    Star Wars is all about the One-Eye sign
    https://tinyurl.com/ybm9tn63

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  9. masteroneass

    Toronto Exchange symbol “KASH” starts trading tomorrow. Will operate around 10 percent of the market with plans to operate 13,400 rigs by the end of the year?

    ? 13,400 rigs by 2018
    ? 26,600 rigs by 2019
    ? 46,600 rigs by 2020

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  10. dae42

    $UVXY is killing it. ??

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  11. one-eighty

    50% of Bitcoin traffic is in Japan.

    Agree on SW. It lost its magic a long time ago, in a theatre close to you.

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