Michael Blankenship - Male - New Mexico - United States » WIMKIN

Yesterday, 10:26 pm

Everyone: Sorry for the outage. We just had another DDoS attack, this time from a collection of TOR servers ( the "Dark Web" ). We appear to be back up. We've blocked their IP addresses. We thank you ... View More

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Woody Wood

Wow! You're an important person!

Yesterday, 11:25 pm

Phillip heft

No problem

Yesterday, 11:27 pm

JC Romero

I knew it right away...they hate us!!!

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1 Yesterday, 11:35 pm

Jessica

I wondered what happened. This is the first time I have been able to get on here all day

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1 Yesterday, 11:42 pm

Karen Joy

😡 I figured it was something like that. Thanks, Michael.

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1 Yesterday, 12:10 am

Richard Stape

Biden must have found some new friends.

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1 Yesterday, 12:23 am

Michael Blankenship shared...

May 15, 2021 9:04 am

I'm re-sharing this given that Wimkin will soon be accepting cryptocurrencies and people were interested in the topic.

Michael Blankenship

February 7, 2021 1:46 pm

What's the deal with cryptocurrency? (Bitcoin, for example) ------------------------------------------------------- ----------------------------------------- I just had a lengthy conversation with a fr... View MoreWhat's the deal with cryptocurrency? (Bitcoin, for example) ------------------------------------------------------- ----------------------------------------- I just had a lengthy conversation with a friend describing cryptocurrency and thought that you guys might be interested in the same information. What is it? First, I suppose it's a good idea to describe "fiat currency", those slips of paper in your wallet. The only value a U.S. dollar has honestly is its buying power. If you can trade it for a cup of coffee or if someone pays you that much for ten minutes of your labor then that's the value. Over time you're guaranteed to have less value for that same dollar due to inflation. For about a century the Rothschild banking family has controlled inflation of our currency through actions of the Federal Reserve (see "quantitative easement" or the unchecked printing of more currency). Cryptocurrency is an interesting concept invented by a single person, Satoshi Nakamoto. He imagined an accounting ledger of transactions which—using cryptography techniques—could not be altered after-the-fact. Next, he decided that everybody should have a copy of the ledger for the sake of both fault-tolerance and to prevent a central bank from controlling it. A unit of money would be represented by a reward given to someone whose computer solved a mathematical puzzle. To slow the rate of new currency added, the complexity of the puzzle would increase over time as well as the reward halving. Both these actions then create a state of reverse-inflation: crytocurrency over time increases in value, all things otherwise being the same. _______________________________________________ ...cryptocurrency over time increases in value... _______________________________________________ Case in point (Ethereum is one of the many types of cryptocurrency available today as an alternative to the original Bitcoin.) A year ago, my Ethereum balance was very nearly "1.0 ETH (a single *coin* of it if you will)" which then was trading at perhaps $160 per coin. Today, given the political climate, a single ETH is now worth $1,557.54, a reverse-inflation of +973% over a period of a year. Compare this to the dollar: if I'd just held onto $160 US currency after a year that would be worth $157.12 or an inflation of -1.8%. Obviously, there are some advantages to holding onto cryptocurrency as an investment. What's a cryptocurrency wallet? In order to gain access to and control your collection of cryptocurrency of a particular coin, a "wallet" is created which is essentially a very large/unique number. There are two main types: online and local. The local variety is often something which looks like a USB thumbdrive. The online version requires nothing like this. Of the two, the local is the most secure. What's mining? Note of course that I didn't actually pay directly for my Ethereum. Instead, I purchased a computer, installed software on it, connected it to a mining pool and let it run 24x7. My expenses then would be the cost of all that plus the electricity month after month over the duration of this activity. Essentially this activity of mining involves my computer and its software attempting to solve a mathematical puzzle before someone else's. Specifically, it's looking for an integer called a "nonce". Add the nonce to the transaction "block" which is trying to be added to the ledger ( called the "blockchain" ) and if the sum ends in four zeroes then you've solved the puzzle and you get the reward. As a solo miner if you actually received this reward it might be worth thousands of dollars but I don't think anybody does this anymore given the sheer number of miners. Instead, we team up in a pool and share each reward with miners getting issued starting points to distribute the chances of success. Technically speaking, I mined for a period slightly longer than a year and made perhaps $300 *at that time*. This was not enough to pay for the high-end computer ($1,000) which I used for this purpose. I still have the computer and it still has value to me so I should divide that $1,000 by five years and value that year's use at $200 and perhaps claim that I broke even given the cost of electricity. And yet, fast-forward a year and that same $300 or so is now worth about $1,500, a definite win in my favor. Imagine what Ethereum could be worth in five years' time given this reverse-inflation effect? What's it good for? This of course is one of the questions to ask. I could trade my $1500 of Ethereum for fiat currency. I could trade it for another cryptocurrency in the same way that "day traders" do in the stock market. In places like California you can pay for your cappuccino or your locally-brewed beer with cryptocurrency. You could buy another mining computer with same. There are certainly Bitcoin kiosks in several places in both SOCAL/NORCAL and often nearby to the universities. I imagine the same is for the Boston area and most big cities. Like buying/selling stocks or using your debit/credit card there are fees associated with many of these actions, however. Before purchasing a cryptocurrency you should review the actual costs related to transactions. Using a holding strategy over a period of a year or more will net the highest return. Until the transaction fees have lowered I don't necessarily think that it's a good idea to buy your coffee on a daily basis with cryptocurrency, for example. Any risks? I'm sure there are risks associated with buying a cryptocurrency. At the moment there are over a thousand different "coins" which may be purchased with new ones added almost daily. Almost anyone can create their own cryptocurrency coin as long as they have a server and software connected to the Internet. Cryptocurrency does not have an equivalent metaphor for "counterfeit currency". There are sometimes technicalities where the blockchain temporarily forks but this is usually resolved within moments and nobody loses money. And yet, there are thefts to cryptocurrency and they're almost always associated with someone using an "online wallet" as combined with a weak password. Would-be thieves then (programmatically) try all passwords. That said, cryptocurrency relies on the Internet for the sharing of blockchain information so that transactions may be added to it. No Internet, no transactions. I think most of us assume that the Internet will usually work, however. Questions? If you have specific questions, ask in the replies below. I do not offer cryptocurrency nor would I buy any online from anyone. I'm just providing the information since I'm someone who likes to share what I've learned. Cryptocurrency is not regulated within the stock market.

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Kandi Evans

Thank you for reposting this, I have been playing with the idea of getting into crypto just hasn't done enough research to feel comfortable, but your post is extremely helpful and makes it very easy to understand.

May 15, 2021

Michael Blankenship

May 14, 2021 9:14 pm

Everyone: Please avoid links to websites "clickbank.net" (free commemorative coin) and "usadailyreports.com". We've just had thousands of spammed/repeated posts by the same three Macedonian spammers: ... View More

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Jessica

I blocked all 3 of them. I thought something was strange with them.

May 15, 2021

Jessica

Another one. I reported them

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1 May 15, 2021

Michael Blankenship liked the page "Wendy Bell Radio".

May 14, 2021 4:13 pm

Wendy Bell Radio

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Artist, Band or Public Figure 330 people liked this page

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Michael Blankenship shared a photo

May 13, 2021 5:25 pm

There are advantages to being single. (Subscribe and like for more life hacks.)

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Michael Blankenship

May 13, 2021 3:13 pm

Did you know that there is no charge for calls placed to 800 numbers? https://www.cdc.gov/contact/index.htm

Contact CDC

www.cdc.gov

Contact CDC: Find Your Answer Quickly, The answers to the most common questions we receive can be found on our website. Please check the CDC A-Z Index before contacting us with a question.

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Michael Blankenship

May 11, 2021 9:03 pm

Theme for Thursday: https://www.youtube.com/watch?v=RZIVphczMbY

Play

Lone Ranger Soundtrack: Hans Zimmer - #10 Finale

www.youtube.com

From the excellent new score by Hans Zimmer for The Lone Ranger soundtrack: Track 10: "Finale". Copyright: UMG/ Disney Enterprises Inc./Walt Disney Records- Buy on ITunes,Amazon,Google Play

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Michael Blankenship

May 11, 2021 3:23 pm

I just bought a penny whistle for $10. /InflationMuch

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Michael Blankenship

May 10, 2021 3:31 pm

Tuesday May 11th: Supposed to be a green light for declass.

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Michael Blankenship

Thursday May 20th: The National Guard leave DC.

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1 May 10, 2021

Michael Blankenship

Thursday May 13th: Emergency Broadcast System, ten days of darkness

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1 May 10, 2021 Edited

Michael Blankenship

Two-month plan: military takes out BLM and ANTIFA

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1 May 10, 2021

Michael Blankenship

Advise stock up on food, water, gasoline, propane (enough for three weeks). Expect supply chain fuckery.

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5 May 10, 2021 Edited

Michael Blankenship

Sounds like our military is going to take out Three Gorges Dam in China.

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1 May 10, 2021

Michael Blankenship

JFK, Jr. is the VPOTUS

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2 May 10, 2021

Michael Blankenship

May 10, 2021 12:42 pm

Everyone: Be wary of ANY test now. I heard the CDC on the radio suggesting that people without any symptoms get tested for Hepatitis-C. So obviously, they're putting sterility, nanochips, rDNA and dea... View More

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Michael Blankenship

May 9, 2021 3:47 pm

10:14PM EST today, it looks like the Chinese debris is going to slap Saudi Arabia upside their heads. I'm guessing that the price of oil for them will go up a dollar or two per barrel. https://www.sp... View More

Space-Track.Org

www.space-track.org

Space-Track.Org

1

Michael Blankenship

Honestly, though, I'm going to forecast that it's going to hit a lot closer to Israel.

May 9, 2021

Michael Blankenship

And of course that updated forecast from yesterday was completely bogus. It crashed into the edge of the Arabian Sea and the Indian Ocean. You have to wonder if that bullshit yesterday was politically-based.

May 10, 2021

Michael Blankenship shared a photo

May 9, 2021 11:03 am

So of course I now have two baby mice. My puppies pulled apart a log with a nest and I could only save two of the litter.

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Michael Blankenship

I'm going to name one of them "Houdini" (maybe just Harry) because he managed to escape last evening, had to round him up and put him back in.

May 10, 2021

Michael Blankenship

The two baby mice have been lethargic for three days so far, in spite of the plentiful food. I heard once of a zookeeper smearing banana on an infant monkey in a case like this, the monkey's natural grooming then forced it to eat. So I just did the same strategy with the baby mice, I dumped a teaspo... View More

May 13, 2021

Michael Blankenship shared a few photos

May 8, 2021 3:48 pm

Me in the Bender suit and the ex in Joshua Tree.

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Michael Blankenship shared a few photos

May 8, 2021 10:02 am

Cholla Garden in Joshua Tree, Death Valley, Horseshoe Bend, Mr. Lizard, Monument Valley, Oatman, Ocean Beach, Spider Rock

4+

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Michael Blankenship

True story: The rough weather in Ocean Beach had beached a couple of baby seals and one of them was seagull-food by the time we'd come out that morning. But the second was emaciated and just giving up on life nearby. So we came around, befriended the baby seal and kept it interested. I walked down N... View More

May 10, 2021