As an example of how innovative 3d printing is, I ran across video showing 3d printing using paper instead of plastic. As 3d printers refine in a variety of materials, interesting cost effective printers will emerge as a popular choice. I suspect the price right now is out of reach of typical consumers.
Bitcoin's primary exchange, Mt. Mox, has been shutdown. I am giving the benefit of the doubt to the US government, and that Mt. Mox has issues with corruption, violating international laws and accounting issues in it's financial reporting. And for any critics reading saying the US government has corruption issues, the point is invalid. The new currency system MUST be held to the highest possible standard and survive.
There are likely millions of organizations globally that have all sorts of black market and money laundering schemes. The timing of taking down Mt. Mox with the currency recent sharp valuation rally is not a coincidence, and is viewed as something to defend against.
To me, what Bitcoin has achieved is a historical milestone on the road to a new financial system model. The Bitcoin system being used for years by a very small minority, now has achieved with validation that Bitcoin is a threat. And a new currency system must survive the worst global assualt possible and survive to be considered 'good enough' for the world to trust.
I have written about bitcoins in the past, I do not believe it is a good currency replacement. It is subject to shortages, and therefore prone to deflation. I'll take inflation over deflation, and therefore I find deflation much more damaging.
What I have not yet seen is an indepth critique of many core flaws in the bitcoin model I see, how those core flaws cannot be overcome and doom the currency to failure.
What do you think? Below is the techie in me experimenting with a service called Branch, to facilitate discussion via twitter. I doubt I'll get any reader (if there is any left!) posting on this, but feel free to do so. If I do get even a tiny amount of responses, I'll be encouraged to make it a staple on this blog.
Click on the red odd icon at the top to get started.
I have been on a project that easily took 70+ hours per week to work on for the last several months.
The project is over, and I hope to ramp down my hours in the weeks ahead back to 40 hours.
That opens up time to post! I have much to say, from being quiet for so long. :)
Today I ran across an article that makes the argument that US manufacturing losing ground to China has hit bottom. I agree. Some of it is because of natural resource costs, a prime theme of this blog. As resource costs increase, producing products locally may net save money due to logistic costs.
Another is China and India's rising wages, yet another theme on this blog. I agree that China and India will net become 'richer' for the common person relative to the west, as I pointed out in The Big Picture. This is the backdrop on why resources are rising.
One aspect the article mentions is innovation, USA has some advantages. It doesn't mention specifically the maker revolution. I covered this in Manufacturing Revolution Revisited , also on this blog. I believe that is part of the story.
Good read, in a flurry of depressing economic news I post, its good to post positive developments.