Regardless Of Its Price, Bitcoin Is A Flawed Currency

I’ve noticed that some of my old articles about Bitcoin have been getting a lot of attention lately. I first started writing about Bitcoin back in 2013, when I considered it to be a bubble that would soon burst. When it did burst, I wrote about its flaws and figured that would be the end of the story. I mean after seeing people dramatically lose a lot of money extremely quickly, who else would want to jump in? After seeing a bubble collapse why would anyone want to repeat the process?

Yet as the price of Bitcoin soared to almost $20,000, I got an increasing number of “I told you so” and “Look who’s laughing now” comments. I was just a dumb statist shill who failed to recognise the glory of Bitcoin and missed my chance to get rich as a result of it. In fairness, I was wrong to predict that Bitcoin would fade away, I made the mistake of presuming people would learn from their mistakes and not be swindled by another bubble. As you can imagine, these comments quickly disappeared after the price crashed by three-quarters to $6,000. Funnily enough, my blog still gets shared on Bitcoin forums, however this time it is used to show that dramatic crashes are normal events, if Bitcoin can survive 2013 & 2014, it can survive 2018. There seems to be little consideration of the idea that massive price crashes shouldn’t be a normal feature of a currency or asset and wild volatility should be treated as a bug not a feature.

Since the collapse, the price has risen considerably and currently sits at around $10,000. Most of the discussion now focuses on which direction the price will go, will it rise again or face another crash? Did we just experience a market correction or the beginning of the end? Continue reading “Regardless Of Its Price, Bitcoin Is A Flawed Currency”

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Multiculturalism Is Unavoidable

Now and again you see complaints about multiculturalism and articles that claim: “Multiculturalism has failed”. But this doesn’t really make sense because multiculturalism can’t fail, it’s unavoidable. Every country in the world is (and almost always was) multicultural and a monocultural society is practically impossible. Every part of our society contains influences from other cultures. Continue reading “Multiculturalism Is Unavoidable”

Why is Esperanto the most successful invented language?

There are hundreds, if not thousands of invented languages in the world, in almost every conceivable style. Some were made for fun and some were made with grandiose hopes of changing the world. Yet 99% were never learned by anyone except the creator (and often not even them). Out of this jungle of competing languages, Esperanto towers above all others. Only a handful of invented languages have communities, yet even these are only about the size of a local Esperanto club. Only Esperanto has made the jump to active associations all over the world, congresses with thousands of participants, a vast library of books, songs, magazines, blogs, youtubers etc.

But why Esperanto? What’s so special about it that allowed it to succeed instead of others? It was not the first constructed international language, it did not invent the concept so it cannot claim first mover advantage. It’s by no means a perfect language, in fact there’s a long line of people who have claimed it’s deeply flawed and they can improve on it. Some openly scoff at the idea that a mere eye doctor could know anything about languages, compared to intelligent linguists (like themselves). Considering how much the field of linguistics has developed since the 19th century, projects from that time are outdated and primitive. But why hasn’t this happened? Plenty of linguists have made their own language that (at least according to them) is far superior to Esperanto, but why haven’t they succeeded in replacing it? Continue reading “Why is Esperanto the most successful invented language?”