3 Reasons Why Every Portfolio Should Have Bitcoin

Bitcoin is known for its aggressive bull trends. There are many risks associated with owning bitcoin such as volatility and keeping your coins secure from hacks. That said, there are also many positive benefits for including bitcoin in your portfolio.

#1: Store of Value

Although bitcoin has its bear cycles like any other market, the long term trend of bitcoin over the past 7 years has been exponential price growth. Most traditional currencies have a value erosion over time because of inflation. Bitcoin is hard capped at 21 million coins which makes them scarce.

The value of bitcoin is based purely on free market consensus between buyers and sellers. Since the supply of bitcoin is fixed, the value will increase based on the demand of new participants. Right now the user base is still fairly low which means means bitcoin hasn’t reached a point of market saturation yet.

#2: Hedging

In times of economic uncertainty people look to hedge their money into assets that are insulated from the regular markets. Almost every investment lost money during the economic meltdown of 2009 except for gold. Bullion sales went through the roof which led to a 3 year bull run and new price highs.

Bitcoin operates independent of the legacy markets and lets you store value without needing a broker. World governments have been implementing bail-in regimes that can remove the money in your account to prop up faltering banks. With bitcoin, if you keep your private keys secure then nobody can access your money stored on the public ledger.

#3: Profit

Bitcoin is currently the most popular and secure blockchain in the world. As long as Bitcoin remains the top open blockchain it will likely continue experiencing a network effect. Bitcoin is more than just currency, it is an internet of value that can store other financial instruments. 

It’s possible that Bitcoin will continue to grow as a global network. If it ever hits the steep climb on the s-curve of user adoption then the price could make rapid gains. To put things in perspective, $100 investment of bitcoin in 2010 was worth $1.8M at the end of 2013. If Bitcoin ever gets the same level of user adoption as social media then owning a full bitcoin will be extremely rare. Each unit of BTC is divisible by 100 million.

 

Disclaimer: This article is my personal opinion and not meant as financial advice.

 

3 Reasons Why Every Portfolio Should Have Bitcoin was originally published on Due by Rocky Darius.

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Florida Woman Learns There Is Actually A Wrong Way To Eat A Reese's

You may recall the Hershey’s commercials from the 1990s for its Reese’s Peanut Butter Cups with the iconic slogan: “There’s No Wrong Way To Eat A Reese’s.”

In these classic ads, we saw a barber that liked to shave the top of his Reese’s before eating it. Then there was the Aussie who after taking a bite threw the peanut butter cup like a boomerang only to finish it off once it had returned.

Unfortunately, one Florida woman found out the hard way that there is indeed a wrong way to eat a Reese’s. Forty-six-year-old, Michele Underwood was arrested last week after she was clocked speeding at 127 miles per hour along a stretch of Interstate-95.

The arresting officer, Bud Davis, said Underwood was cooperative and did not appear to be under the influence of alcohol or any other substance. Instead, he says, she kept insisting that she was “simply trying to enjoy the snack at a higher rate of speed than anyone else had previously done.” Suspicious of the sweet tooth speeder, Officer Davis asked to search her vehicle at which point he found nine kilos of cocaine packed in her trunk.

Underwood acknowledged the illegality of possessing the hard drug but says she had no intention of using or selling it. According to Officer Davis’ police report, Underwood said “the presence of the nine kilos of coke combined with my high rate of speed added a level of danger that enhanced my Reese’s Cup tasting experience.”

This isn’t the first time Underwood has tried to use the “no wrong way to eat a Reese’s” defense. Court records show that in 2003, Underwood was charged on multiple counts of insurance fraud along with third-degree arson in a Florida suburb. Her candy slogan based defense rested on the claim that she was “just trying to enjoy fire roasted peanut butter cups.” Underwood was convicted and served four years in federal prison.

Officer Davis says he hopes Underwood’s story can be “a wake-up call” to those out there thinking they can deliberately misinterpret old-timey candy slogans as a green light to commit crime. “We’re just lucky no one got hurt today,” said Officer Davis just before tossing another Reese’s Peanut Butter Cup in the air and blasting it out of the sky with his police department issued firearm in a controlled demonstration during snack time at a children’s summer camp.

As for Underwood, she is currently awaiting trial and being held on bond for 100 Grand.

— This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

The Day After Jesse

“Words are only as good as the response to those words.”– Jesse Williams

Muhammad Ali died on June 3, 2016.

Much like Ossie Davis, Ruby Dee and Harry Belafonte, Ali in his prime was much more than a celebrity. He was a part of an elite group of Black stars, our limelight drenched talented tenth, who used their platform, international appeal and power to advocate for the rights of Black people in America in the midst of many of our community’s most tempestuous eras as pseudo citizens in the twilight zone for Black people that is the United States of America.

Ali was the rarest gem in the crown. Many luminaries within our familial fold, would balk at the idea of compromising their fame and fortune at the expense of actions that could be deemed as activism. Supporting movements surrounding social justice and reform, especially when it comes to issues plaguing the Black community, had the propensity to be deemed congruent to career suicide.

Whether in the 1960’s or the 2010’s, assimilation and placation have always crept into the respectability politics that are Black racial relations and celebrity, silencing those who could actually have a major impact on our standing as rightful and equal citizens in America.

But not Ali.

Ali stood confidently, firmly and brazenly in his convictions. He staunchly supported the Civil Rights Movement, opposed the war in Vietnam refusing to accede to the draft and serve in the United States Army as a Black man, openly affiliated with the Nation of Islam seeking spiritual guidance, political advice and close friendship from Malcom X and carried the mantle for Black manhood up until his death after his long battle with Parkinson’s Disease just a few weeks ago.

Ali was THE icon.

Upon hearing the news of Muhammad’s passing, I pulled up an article on his life and the publication had chosen to publish a picture of Ali carrying a majestic fiery torch and lighting the official Olympic cauldron signaling the opening ceremony of the 1996 Olympic Games in Atlanta. That moment being one of the most iconic snapshots in sports history, I looked at that photo and I said to myself “Wow….now that Ali is gone who is going to carry the torch?”

Enter Jesse Williams.

Best known for his role on ABC’s hit drama” Grey’s Anatomy”, the young Black actor has gained a substantial level of notoriety as an activist within the Black community most notably for his efforts through the Black Lives Matter movement and boots on the ground contributions in Ferguson, Missouri in the wake of the killing of Mike Brown by the Ferguson Police Department. This year, he was awarded with the Humanitarian Award at the 2016 BET Awards where he delivered a scathing yet glorious acceptance speech that doubled as an indictment of systemic racism, cultural appropriation, white supremacy and privilege that encompass a myriad of spaces in American culture and as a call to action to Black people that reminded us that our future as a collective in America is in our hands and that it is integral now more than ever to place our energy and focus on Black men loving Black women the way Black women love us, prioritizing our minds and mobilization over monetary gain…especially those of us with means, teaching our children their true identities and using our platforms and voices to answer the need of the fierce urgency of now.

The reaction to the speech was sweepingly positive. Jesse had augmented his place in the movement as that moment will easily go down in history as one of the most relevant speeches made by a celebrity on Black issues on such a vast platform. Many have already heralded him as the next Harry Belafonte with Ebony Magazine recently featuring a cover and photo spread of Belafonte passing an actual baton to Williams in a mock racial progress relay race.

Coincidentally, Ali received the first ever BET Humanitarian award and here Williams was receiving the same award, for the same efforts on the same night the champ was remembered on this same stage after his passing.

No one can replace Ali, but damn it, I looked at the screen and said finally…we have one they can’t have. A Black man with the platform took the leap.

As Jesse walked off of the stage to a resounding standing ovation, Eva Pigford, Spike Lee and Samuel L. Jackson revived from their holy ghost filled moment, the obligatory laudatory music playing in the background, I watched Jesse and Debra Lee turn the corner to the backstage area, probably handing his award to his assistant and being shuttled off to a number of press outlets for photo ops and sound bites before returning to his seat to the ever uplifting and unifying performance of “Wicked” by Future (Bruh…..smh) and I couldn’t help but wonder ….what’s next?

The impulsive reaction as a writer was to write a response immediately after this beautiful occasion. But the people watcher in me said…wait.

Wait until after the fanfare has died down to allow people’s true colors to shine through.

Was this finally going to be our mass awakening? Our “Someday We’ll All Be Free” that Donny Hathaway sung about so long ago?

After the inevitable social media firestorm…

After all of the Because of Them We Can Facebook posts.

After all of the “YASSSS JESSE IS BAE!” remarks on Twitter.

After all of the #staywoke and #goals hashtags.

WHAT ARE WE GOING TO DO NEXT?

I had to wait.

Wait until the day after Jesse.

The day after Jesse is here.

As I feared, the demon that is counter productivity reared its ugly head as many revived the tale of self-hatred light skin/dark skin debate.

Others questioned Jesse’s “permission” or “authenticity” as a Black man, as his mother is Swedish and his father is African American, that gave him political license to even weigh in on such issues as he isn’t a “real Black man”.

The finger pointing continued with Black men pointing out that Black women were only moved by Williams’ speech because they were sexually attracted to the actor, while Black women countered that Jessie is willing to jeopardize his lucrative career to stand up for Black women while most Black men won’t even break them off a piece of a damn kit kat bar.

Some were disgusted that it took a “light skinned soap star” to open up the minds of so many young Black men and women to their duty when so many regular joes have said the same message over and over again only to have it fall on deaf ears. Those more focused on the messenger than the message.

Black people who were more concerned about a Justin Timberlake tweet in response to the speech than the actual heart and instruction of the speech itself.

And White men and women shed buckets of Greek Yogurt tears over the speech calling it racist and offensive because their children were exposed to the truth as the show was broadcast on Nickelodeon when they were just trying to watch Peppa Pig and chill.

I call these people the misguided.

Then, there was the counterculture to this group. Those who were motivated, invigorated and ready to rise to the occasion. But, who wondered what they should do. What should their contribution be?

I fell into this group.

Am I doing enough? Is there more I can do for my people or are the problems so large that my little actions really won’t make a change? If I get involved and attempt to contribute to the movement will I offend other people? What will my white coworkers and friends think of me? What can I do to help?

People say to me all the time, “Paul you write. Keep on writing man. That’s your contribution.” Little do they know that honestly, I’m scared too. Every time I write a piece and publish it to the world I am afraid that this is going to come back to haunt me. I wonder if I am going to regret this? Will speaking the truth harm my family? Will this affect my finances? Will I lose my job?

I call this group the seekers.

If there is one thing that the misguided and the seekers have in common in the aftermath of Jesse’s speech, it is that neither of us seem to know what to do now. Admittedly, Jesse’s speech was a lot to unpack.

But one take away that cannot be denied is that in the days after Jesse, we have to act.

Here is what we must do.

In the days after Jesse, we have to realize that our children are our responsibility.

“Now, this award, this is not for me. This is for the real organizers all over the country. The activists, the civil rights attorneys, the struggling parents, the families, the teachers, the students that are realizing that a system built to divide and impoverish and destroy us cannot stand if we do. All right? It’s kind of basic mathematics. The more we learn about who we are and how we got here, the more we will mobilize.” – Jesse Williams

If we continue to rely upon other people to teach our children their history, morals, principles and values, we will forever be a people without knowledge of self. African American people are this nation’s motherless children. We are one of the only groups of ethnic decent that have no direct connection to our origins. This is deliberate. Society doesn’t want us to know who we are because a people without knowledge of themselves can be told anything and controlled. We were brought to this country against our own will. Our intra-cultures and tongues mingled to render our ancestors incapable of communicating with one another. It is incumbent upon those of us who have been bestowed the great responsibility of raising and educating little black boys and little black girls to provide our children with the education they will never receive in school and a clear understanding of their identity and to prioritize content and character over commercial gain.

In the days after Jesse, Black men, we have to be better for our women.

“Now, this is also in particular for the black women in particular who have spent their lifetimes dedicated to nurturing everyone before themselves. We can and will do better for you.” – Jesse Williams

Throughout history, Black women have always stood up for Black men. Ida B. Wells. Assata Shakur. Angela Davis. Black, beautiful women. Standing in the gap even when we don’t return the favor. Women who were raped, maimed, beaten and abused by slave masters in efforts to keep us safe and to keep the slave masters hands off of Black men. Women who were forced to carry the children of their master rapists to term and give birth to babies bearing the face of their attackers as a constant reminder. And today we rape, assault and disrespect the great great granddaughters of those same women. Women have had to forcibly open their legs for generations to men who sought only to invade and brutalize the most intimate parts of their bodies and we act like we can’t voluntarily open a door for woman as she enters the mall? We call our women bitches and hoes and diminish their existence to butt cheeks and DM targets? Is this how we honor those who came before us? Are you the type of Black man you would want your daughter to marry? Like Jesse said Black women, we can and will do better for you.

In the days after Jesse, we have to organize and focus our attention on how to dismantle and combat a system that was created to be a conduit for racism.

“Now, what we’ve been doing is looking at the data and we know that police somehow manage to deescalate, disarm and not kill white people every day. So what’s going to happen is we’re going to have equal rights and justice in our own country or we will restructure their function in ours.”– Jesse Williams

We have to equip ourselves with knowledge of the inner workings of our government and become active and integral members of this country’s political system. We are more than just the black vote. We are more than just a political visit to church around election time every four years to tell us the same empty promises and false hopes. We are more than hot sauce in my bag. We are more than a whip and a nae nae and a Breakfast Club interview in the name of Black and white solidarity. We are not Donald Trump’s African American. We have to research and know who we are voting for. We have to ensure that we vote based on who has a proven record of standing up for our community and not based on the brand name we recognize. Our political interests cannot continue to be bypassed and we cannot continue to allow our political capital to be prostituted by officials who offer nothing more than dirty sheets, a Plan B pill and a wrinkled $20 bill on our nightstand after election night. We have to vote locally. We have to become judges. We have to run for political office. We have to demand more from our police forces and call for their demilitarization. We have to realize our own power and harvest it.

In the days after Jesse, we have to stop making money our idol.

“Now, the thing is, though, all of us in here getting money that alone isn’t going to stop this. All right? Now dedicating our lives to getting money just to give it right back. To put someone’s brand on our body when we spent centuries praying with brands on our bodies and now we pray to get paid with brands for our bodies.” – Jesse Williams

Floyd Mayweather was once asked why he seemed to be evading a fight with boxing champion Manny Pacquiao. He stated, “I don’t mind being a rich coward.”

And as I look around, it seems like that is all I see, Black rich cowards who are afraid to fight for anything but themselves. Wrapped up in the false security of their money. Those in our community who have the means and the platform to take a stand instead choosing to idly sit by and watch Black people continue to be victimized.

Yet we still love you.

We loved you OJ, even though you don’t consider yourself Black, you’re OJ right? Even though the civil rights movement was not your concern.

We loved you.

Even when you turned your back on Jim Brown and Muhammad Ali’s call for solidarity amongst Black athletes’ quest for social justice.

We loved you.

And in return? You called us “niggers”, moved as far away as you could from us, divorced yourself from our community and used our images and empathy to get away with a double homicide.

We still loved you.

We loved you Dr. Ben Carson for the doors you broke down for people of color in the field of medicine. We lauded you as an example to our young Black men of what hard work, faith and education can lead you to in life. And in return? You used your platform as a candidate for the Presidency of the United States to denounce Black issues and the Black Lives Matters movement, allowed a racist to call you a child molester and pat you on the back and then endorsed that same racist to be the leader of the “free” world.

Getting money is not enough.

Those of us who are fortunate enough to have been able to navigate this system and create a layer of financial independence have to start opening our mouths and using our platforms and positions of power to effectuate actual change. We have to stop being afraid of offending those who oppress us simply by demanding equality. We have to stop putting our dollars back in the hands of those who victimize us. We may not be in physical chains and bonds, but we still have to overcome being slaves to consumerism, greed and wealth.

Who will be Ali in a room full of Mayweathers?

In the days after Jesse, we have to stop appeasing people who seek to erase our existence.

“The burden of the brutalized is not to comfort the bystander.”– Jesse Williams

If we are ever going to mobilize as a people, we have got to stop caring about how our actions in furtherance of our eternal freedom make White people feel.

It is not nor will it ever be incumbent upon we, the oppressed, to explain racism or show empathy in the face of blatant xenophobia and disregard over and over again to those who “don’t know” what is or is not bigotry. In 2016, the issue is much more vast than people just not knowing what is or is not racist or cultural appropriation, it’s people not wanting to know, not caring to know and even when they are informed that their actions are racially stigmatizing and offensive, still finding a way to place blame on we, the oppressed.

“We’ve been floating this country on credit for centuries, yo. And we’re done watching, and waiting while this invention called whiteness uses and abuses us. Burying black people out of sight and out of mind, while extracting our culture, our dollars, our entertainment like oil – black gold. Ghettoizing and demeaning our creations then stealing them. Gentrifying our genius and then trying us on like costumes before discarding our bodies like rinds of strange fruit.” – Jesse Williams

The fact that society feels as though the conversation of white supremacy and privilege, and the messages relaying the anger Black people hold about constantly being treated like second class citizens in this country, should be shrouded in empathy for white people’s hurt feelings about being forced to actually come to terms with said white supremacy and second rate treatment is the problem.

We have to take back our culture. We exist. We are real people. We are not costumes for you to parade around in. Our culture is not something you can shame us for centuries and then steal and call yours for your own shameless self-promotion. Society has to check their privilege at the door and realize that for once in America…your feelings don’t matter. Black people have a right to speak candidly about our feelings on the detriment white privilege has caused minority communities without the weight of having to worry about offending the privileged of which we speak.

The truth is a powerful mechanism. It has the power to hurt, yet heal at the same time. The audacity to be bold yet humble. The power to liberate, love and hate.

When Jesse Williams took the stage at the 2016 Bet Awards he didn’t have a large entourage with him…all he brought with him on stage was the spirit of Ali and the pure unabridged truth.

It is now up to us to be the entourage.

In the days after Jesse, will you carry the truth with you?

Will you spread it to all you meet?

Will you be an Ali in a room full of Mayweathers?

Jesse gave us the Blueprint and I for one am proud of him, his courage and his dedication to the empowerment of his people. This speech was not for publicity. This was not a man concerned with his ego. This speech was a call to action for us all. Our lives and our freedom may be conditional in the eyes of other people but it is time for us to reclaim possession. Each of us have the magic and the power in us to combat the many arrows and snares that are directed at us on a daily basis. It is up to each of us to harvest it.


Yes, it is true that just because we’re magic doesn’t mean we’re not real. But our actions can’t just be magic either, they too must be real.

— This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

Virtual Reality Happy Meals, What's Next?

McDonald's Happy Meal VR Happy GogglesAs virtual reality continues to grow and gain in popularity, McDonald’s Sweden is celebrating their 30th anniversary by including VR goggles in participating stores’ Happy Meals. Find our more about it and whether you can expect to see the same trend happening here anytime soon.

Slip on a Pair of Wireless, Noise-Canceling On-Ear Headphones For $40

We’ve seen our fair share of cheap Bluetooth ear buds, but how about on-ears? Mpow’s Muze headphones are wireless, foldable, well-reviewed, and even noise-canceling. That’s a heck of a package for $40. Remember, your next phone might not have a headphone jack, so this is as good a time as any to get accustomed to wireless.

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This Beautiful Chef's Knife Is Beautifully Cheap

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The Window for Avoiding a Dangerous Climate Change Has Closed

Barring some incredible new carbon capture technology, the window for limiting global warming to less than 1.5 degrees Celsius appears to have closed. That’s the stark conclusion of a report out in Nature today, which finds that the carbon reductions pledges penned into the Paris Agreement
are ridiculously inadequate for keeping our climate within a safe and stable boundary.

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This Strandbeest Inspired Bike Is a Slow Ride

This is the sort of nightmarish bike H.R. Giger might sell you if he owned a creepy bike store. It’s slow, creepy and inspired by the Theo Jansen’s Strandbeest. This thing was built by California art and engineering collective CARV. Obviously, they don’t have to get to places fast.

strandbeest_bike_4zoom in

This bike has over 450 custom made components and took over 700 hours to build. Pedaling the bike drives four walking legs in the rear.

It’s like having a nice leisurely bike ride while being stalked by a giant spider. Not my idea of fun. I want to outrun spiders, not constantly be chased by them at 2 MPH. Now if they put legs in front and some mandibles, that’s a different story.

strandbeest_bike_1zoom in

strandbeest_bike_3zoom in



[via Geekologie]

Steam Summer Sale: 10 RPGs worth checking out

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Sony developing robot able to bond with humans

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