Prediction #4 — Bitcoin stays crazy until traders learn it is not a currency

2017 was a wild ride for cryptocurrencies and for Bitcoin in particular, rising in price at one point above $19,000 only to drop back to a bit over half of that number now. But which number is correct? If only the market can tell for sure — and these numbers are coming straight from the market, remember — what the heck does it all mean? It means Bitcoin isn’t a currency at all but traders are pretending that it is. 2018 will see investors finally figure this out.

Confusion abounds, so let’s cut through the crap with an analogy. Cryptocurrencies like Bitcoin, Ethereum and a ton […]

By |January 24th, 2018|2018, Business, Finance, investing, Predictions, Uncategorized|72 Comments
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Prediction #3 — 2018 foreign profit repatriation is a $591.8 BILLION taxpayer ripoff

When I started this series of 2018 predictions I said the recently passed U.S. tax law was going to have a profound impact on upcoming events. Having had a chance to look closer at the issue I am even more convinced that this seismic financial event is, as I wrote above, a $591.8 billion taxpayer ripoff. This is not to say there aren’t some possible public benefits from the repatriation, but it’s fairly clear that the public loses more than it will ever gain.

In case you don’t follow these things, multinational U.S. companies have, since 2005, squirreled away about $2.5 TRILLION in profits overseas because U.S. tax law […]

By |January 19th, 2018|2018, Business, Economy, Government, Predictions|44 Comments
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Mineserver Update: We’re not dead yet!

Readers have been clamoring — nay demanding — a Mineserver update, so here it is. The gist of customer complaints is that they feel cheated and under-informed and we’re sorry for that, but please read-on.

This is our 25th update on the Mineserver project. That’s a lot of updates for people who don’t do enough updates. We’ve detailed so far every step and misstep in the project except one, which is coming in the next paragraph. Nothing about those earlier updates has changed or is  incorrect. We’ve learned a lot and we’ve done what we had to do to get to this point.

The major change that has been, to […]

By |May 22nd, 2017|2017, Business, Family|181 Comments
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My first Seeking Alpha post ran today

IMG_0826 (1)I know many readers are tired of my (too) many columns about IBM. So I won’t be posting the latest one here at all. It’s over on the Seeking Alpha investor blog. You can read it here. I mention the post simply because some readers do care about such things.

The Seeking Alpha post is about IBM earnings and how the company is using old business to prop-up new business and not being at all upfront about what’s really happening.

The Seeking Alpha column is also a complaint about blog posts related to earnings in general because they are often written by people who think they know a lot about financial numbers but clearly know […]

By |May 31st, 2016|2016, analytics, Business, Companies, Family, Gadgets, Media|51 Comments
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$99 Mineserver: The Devil is in the Details

IMG_0734You may recall my three sons ran a successful Kickstarter campaign last fall for their $99 Mineserver, a multiuser Minecraft server the size of a pack (not a carton) of cigarettes. On the eve of their product finally shipping here’s an update with some lessons for any complex technical project.

At the time we shot the Kickstarter video my kids already had in hand a functional prototype. Everything seen in the video was real and the boys felt that only producing custom cases really stood in the way of shipping. How wrong they were!

First we needed a mobile app to administer the server so we hired an experienced […]

By |March 17th, 2016|2016, Business, Entrepreneurship, Family, Gadgets|86 Comments
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