Wither Bitcoin? Up, up, and away, crashing or banned?

Bitcoin was first issued in March 2010 with a value set at $ 0.003/unit.

In May 2010, 10,000 bitcoins were traded for 2 pizzas in Jacksonville, Florida.

Since then the bitcoin price has gone up and down, mostly up, but five times it has gone down drastically, sometimes crashing by as much as 80 percent.

This year it has had a meteoric rise and is now at $18,600 or about six million times its original offering price.

Bitcoin is anonymous trading between a willing buyer and a willing seller, totally safe and untraceable, an ideal vehicle for money laundering and transfer of  money to terrorists and allies alike. It is also the vehicle of choice for ransomware.

So who is keeping custody of the chain of transactions to keep the bitcoin safe and secure?

This is what one might call the ultimate revenge of the geeks. The inventors of bitcoin let the geeks mine more bitcoins as a reward for keeping complete records of all transactions in bitcoin since its conception (heavily encrypted of course). They only had to solve a hashing algorithm made more complicated for every new transaction.  In the beginning it was not very difficult, but now, since one has to find all chains of custody for every bitcoin since the start, and they are distributed worldwide it becomes more and more a drain on the internet and computing power in the servers.

It is now so bad, that even though there are only 17 million bitcoins in the world today, to keep track of them and mine some more is now consuming 1/700 of the total electricity generated in the world, or about 35 TeraWatthours. At a production cost of about 6 cents per KiloWatthour  it  would come to about 2 billion dollars to maintain 17 million or over a hundred dollars per bitcoin in electricity consumption alone.

It will only get worse from now on. While mining of new bitcoins are getting more complicated exponentially, the issuing of new bitcoins will become stagnant and will stop around 30 million, when it will consume about 60% of the world’s electrical energy.

The Greens will not like it. Bitcoins already belch  more than 17 million tons of CO2 into the air annually, set to double every two years.

On the other hand , it is transactions that are free of the tyranny of the one world banking system.

This is unsustainable. People will stop maintaining the chain of custody of all transactions and the scheme will collapse.


Who knows?




And then there was one. U.S. alone fights climate change the right way.

At the climate conference in Bonn, Germany, Syria signed the so called Paris Accord on Climate Change, leaving the United States alone as a non-signer.

Our European friends are quite upset about this. After all, countries like Denmark and Germany have the highest residential electricity rates in the world to pay for their wind and solar power installed. Here are the countries with reduced CO2 emissions this century:

But if one looks at the absolute decline in CO2 emissions, the U.S. leads the pack hands down:

So, who is the biggest CO2 villain? It is China by 6500 million tons of oil equivalent increase since 2000.    According to the Paris accord China is allowed to emit 6 times as much CO2 as the U.S. And not only that, the U.S. would pay them as one of the “developing” countries to do that!

Hillary okayed sale of Uranium mine to Russia for bribes, donations and a honorarium.

So Hillary sold our Uranium

for bribes and a huge honorarium.

Putin sold to Iran

yellow cake, with no ban.

Is anything left in her cranium?

This sheds new light on her “Reset” with Russia in Geneva, March 2009.

Former Secretary of State Hillary Clinton opened her first extended talks with Russian Foreign Minister Sergei Lavrov by giving himperegruzka a present meant to symbolize the Obama administration’s vow to “press the reset button” on U.S.-Russia relations.

She handed a palm-sized box wrapped with a bow. Lavrov opened it and pulled out the gift: a red button on a yellow base with a Russian word peregruzka printed on top.

“We worked hard to get the right Russian word. Do you think we got it?” Clinton asked.

“You got it wrong,” Lavrov said.

Instead of “reset,” Lavrov said the word on the box meant “overcharge.”peregruzkareset

Hillary and Sergei laughed.

“We won’t let you do that to us,” she said.

It doesn’t say ПЕРЕГРУЗКА on the button, it says PEREGRUZKA. The mistranslation is bad enough, but using Roman letters instead of Cyrillic? What was going on? Didn’t anyone realize they use a different alphabet over there? There are two possible explanations: Ignorance, or arrogance on the part of the Hillary Clinton State Department. I know  Hillary Clinton has demonstrated plenty of both in statements such as: “What difference does it make?”

How has this reset worked out for us? Besides Iran, Syria, Turkey, Hezbollah, Libya, Pakistan, Egypt, Tunisia, Algeria and many other countries where U.S. and Russia have opposing interests, and Poland where we plainly sold out the missile defense, we are in a pickle on at least two fronts:

1. Space exploration.

Since Obama made it NASA’s highest priority to promote the contributions of Islam to science and the scrapping of the space shuttle program with no replacements in sight we are still totally dependent on Russia to ferry our astronaut scientists to and from the space station.

Russia is doing the rational thing: Tripling the fees from $22 million to  $71 million to transport just one American astronaut to the International Space Station (ISS) aboard its Soyuz spacecraft in 2016. –

2. Uranium. By selling 20% of our Uranium to Russia via a Canadian Corporation in exchange for a a total of $145 million donations to the Clinton Foundation and a half million dollar speaking fee for Bill Clinton, this has left us vulnerable to extortion, since we are 90% dependent on imported Uranium for our electricity production. The U.S. only have 1.9% of the world’s Uranium resources. Losing control over 20% of the 1.9% means we are now even more vulnerable in our power generation, not to mention national security.

Maybe Hillary really meant “Overcharge” instead of reset? Hillary, as well as Obama seemed to love to give money and influence to our adversaries instead of caring about our economy at home.

We need a major national effort in developing Thorium based Nuclear energy. there is a million year supply of Thorium, as opposed to Uranium, where we are hopelessly reduced to importing 92% or more of our need.

Here are https://lenbilen.com/2017/07/14/twenty-two-reasons-to-rapidly-develop-thorium-based-nuclear-power-generation/

One more reason to switch to Thorium as feed-stock for nuclear power.

Uranium is the feed-stock for nuclear power. It is also the material necessary to make nuclear bombs.

The United States has 138,200 tonnes of Uranium reserves recoverable at less than $260 per kilogram, 1.9% of the world total.

The United States has, as of 2014, produced 343,075 tons of Uranium, or about 13% of the world total.

The United States consumed in 2016 18,69 tons of Uranium, about 29% of the world total, about 90% of which was imported.

Which brings up the following question: Why did the Obama administration sell 20% of our proven reserves of this strategically important material to Russia?

It is of utmost importance to immediately restart the development of nuclear reactors that use Thorium as its feed-stock.

The other 22 reasons to switch to Thorium are listed here:


A truly smart electricity meter will revolutionize our electricity use.

Sixty years ago I worked as a plate scrubber and errand boy in a Swedish bakery. In one corner of the bakery stood the oven, a giant cement and stone contraption weighing at least 50 tons. It was run on electricity, turning on every night at 10 P.M. and turning itself off at 5 A.M. First in the morning we baked the Danishes and other good stuff that required the highest heat, and as the day wore on and the oven cooled off, other breads were baked in the order of temperature need. It took some planning, but the price difference between night rates and day rates made it all worthwhile.

This brings me to a truly smart electricity meter.

It would charge the customer at the current cost of generation + transmission cost + utility profit, displaying the current cost at any given time of the day.

The customer would have the right to sell back electricity to the net at the current cost of generation – transmission cost – utility profit.

Knowing the current true price of energy the customer can then delay turning on the clothes dryer until the price goes below an acceptable level. He could take a look at the current price and decide to turn off the air conditioner rather than pay $1.20 per KW, or she could decide: It is worth it.

By making the user rather than the power company decide how and when electricity is used and produced this will bring immense benefits:

Many users will decide to buy a backup generator with battery, charge the battery when the price is low, and discharge the battery when the price is high. If there is excess battery capacity, he can even sell back the excess at the inflated price. And if the price is high enough it is cheaper to use the generator.

This will have immense benefits on the grid, lessening peak demand and increasing the off peak use.

And best of all, should the grid fail, there will be enough generating capacity to run the refrigerators and essential stuff until power is restored.

What prevents this from being realized?

Politicians and the power companies desire to maintain total control over how the net is used. Political regulators hate to give decision making power back to the people.




The Great Eclipse of 2017 and Trump voters.

“It has been dubbed the Great American Eclipse, and along most of its path, there live almost no black people,” Ristroph wrote in a mind-numbing, 4,500-word post in The Atlantic.

Boston Globe added this map, showing the path of totality goes almost exclusively through counties that voted for Trump.

But nearly the whole country voted for Trump according to this map.

The map shows the great divide of the country. Republicans are in the majority in rural areas, Democrats dominate the cities, especially the inner cities.

People living in rural areas are different from people dwelling in inner cities in many ways, but I will mention only one thing, their attitude to Climate Change.

Rural people see the sun rise, watch the clouds form, marvel at the tremendous stability of the weather in spite of storms, tornadoes, hail, snow, rain and floods. It is all coming from the sun, and has nothing to do with increasing CO2. Things were worse during the dust bowl years, max temperatures were higher, hurricanes worse, and so on.

They will be vindicated when they experience the sudden drop intemperature during the eclipse. It is all from the sun.

Not so the inner city dwellers. They experience global warming. The heat from the street and the stench from diesel engines are enough to make believers of them. In addition they rarely if ever experience a sunrise and a sunset, and the pollution and decaying buildings convince them global warming is real.

For a city dweller all Climate Change is man made. By en large they do not know about the Ice Age and all the climate changes that has taken place since then, they believe this is unprecedented and disaster looms.

To them everything they see is man-made and even we cannot fix the weather we can sure fix the earth’s climate since we made this mess in the first place.

Vote fraud in California? How else do you explain this?

The Federal Government maintains a list of its citizens, the state governments don’t. Judicial watch has made an investigation of the registered voters and found that eleven counties had more voters registered than the number of eligible voters. Here is a list of them:

County           Vote            Vote       % eligible  Clinton/
—————— Clinton      Trump   registered  Trump
Los Angeles 1,893,770    620,285   144            3.05
San Diego        567,243    386,807   138           1.47
San Francisco 312,445      34,493   114           9.06
San Mateo       192,035      47,627   111           4.03
Solano                94,622      48,712   111           1.94
Yolo                    34,460      13,178   110            2.61
Santa Cruz        85,185      20,158   109            4.23
Monterey          64,733      26,378   104            2.45
Stanislaus         73,939      72,960   102            1.01
Imperial            23,887        9,318   102            2.56
Lassen                 2,224        7,574   102            0.29
11 Co. Total  3,344,543  1,287,490                    2.60

Rest of Calif 2,514,062   1,391,229                   1.81
All Calif.       5,858,605  2,678,719                    2.19

This compilation is remarkable in so many ways.

California has 3.4 million resident aliens (green card holders and special visas). They are not eligible to vote. They also have about 3 million illegal aliens (obviously not eligible to vote)

California has motor voter registration. They issue driver’s licenses to, not only resident aliens but also to illegal aliens. All they have to do to  be registered to vote is to check a box indicating they are eligible. No check for its validity is performed.

Los Angeles County is the capital of illegal aliens, so it comes as no surprise that since they now have driver’s licenses and thereby by extension are made eligible to vote, the ratio of 1.44 between registered voters and lawfully eligible voters comes as no surprise.

Silicon valley has more resident aliens than other areas of California, so it is no surprise they have registered voters exceeding eligible voters.

There is one small county located way up in North East California, Lassen County which voted heavily for Trump. It has only two major employers, two state prisons and one federal prison. Could Lassen County  have registered ineligible prisoners?

This calls for a thorough investigation if the integrity of voting means anything.

The link to the letter from Judicial watch to CA, http://www.judicialwatch.org/document-archive/nvra-letter-ca-august-2017/