Multisig Wallet: Protect Bitcoin in case of death or forgetfulness

UPDATE (April 2018): See footnote regarding Coinbase multisig vaults.* The feature will be retired this month, because it interferes with plans to improve support of Bitcoin forks.

Legacy Method of Inheriting Assets

Many Bitcoin owners choose to use a custodial account, in which the private keys to a wallet are generated and controlled by their exchange—or even a bank or stock broker. In this case, funds are passed to heirs in the usual way. It works like this…

An executor, probate attorney, or someone with a legal claim contacts the organization that controls the assets. They present a death certificate, medical proxy or power-of-attorney. Just as with your bank account or stocks and bonds, you have the option of listing next of kin and the proportion of your assets that should be distributed to each. It’s worth contacting estate planning lawyers austin to help you with these tasks (also, you should probably find one familiar with cryptocurrency). These custodial services routinely ask you to list individuals younger than you and alternate heirs, along with their street addresses, in the event that someone you list has died before you.

Of course, Bitcoin purists and Libertarians point out that the legacy method contradicts the whole point of owning a cryptocurrency. Fair enough.

Multisig to the Rescue

Using multisig would be far easier, if wallet vendors would conform to standards for compatibility and embed technology into hardware and software products. Unfortunately, they have been slow to do so, and there are not yet widely recognized standards to assure users that an implementation is both effective and secure. But, there is some good news: It’s fairly easy to process your ordinary account passwords and even the security questions with a roll-your-own multisig process. I’ve done it using PGP and also using Veracrypt—two widely recognized, open source encryption platforms.

This short article is not intended as an implementation tutorial, but if the wallet vendors don’t jump up to home plate, I may release a commercial tool for users to more easily add multisig to their wallets. It really is safe, simple and effective. (If readers wish to partner with me on this? I estimate that it will take $260,000 and about six months).

What is Multisig and How Does it Protect your Wealth?

Multisig allows anyone with credentials to an account, wallet or even a locked safe to create their own set of rules concerning which combinations of friends and relatives can access their assets without the original owner. The owner sets conditions concerning who, when, how much and which accounts can be accessed — and the heirs simply offer passwords or proof of identity. If implemented properly, it doesn’t matter if some of the heirs have forgotten passwords or died before the original owner.

This can be illustrated in an example. I am intentionally describing a complex scenario, so that you consider a full-blown implementation. Although the ‘rules’ listed below appear to be complex, the process for creating the associated passwords is trivial.

The last 2 rules listed below do not use Multisig technology, but rather Smart Contracts. It enhances an owner’s ability to dictate terms. Here, then, is the scenario…

I want heirs to have access to my assets
at banks, brokers, exchanges or other ac-
counts–but only under certain conditions:

  • If any 4 of 11 trusted family and friends come together and combine their passwords (or an alternate proof-of-identity), they may access my wealth and transfer it to other accounts
    • But, if one is my husband, Fred, or my daughter, Sue, then only two trusted individuals are needed
    • —But not Fred and Sue together (At least one must be an outsider)
  • If any account has less than $2500, then it goes to my favorite charity, rather than the individuals I have listed
  • None of my accounts can be unlocked by my heirs, until I have not accessed them with my own password for 3 months. Prior to that, the Multisig will fail to gain access.

Again, the decedent’s wishes are complex, but executing and enforcing these rules is trivial. In my presentations, I describe the method on two simple PowerPoint slides. Even that short description is sufficient to show anyone who has used common cryptography apps to weave their own multisig add-on.

Of course, each individual will need to locate their own secret password, but a biometric or other conforming proof-of-identity can be substituted. Even if several survivors cannot recall their credentials, the multisig method allows other combinations of individuals to access the assets across all accounts.

This article may leave you wondering about the legal process—and this is where I agree with the Libertarian viewpoint: Sure! The courts have a process and heirs should document their access and decisions for tax purposes and to assure each other of fair play. But a key benefit of cryptocurrency and the disintermediation offered by the blockchain is the personal empowerment of access with impunity and without waiting for any legal process.

Let the courts to what they do, while you honor the wishes of your dearly departed.

If this article generates sufficient interest, I may prepare a short tutorial on how to split off your own Multisig passwords, regardless of which wallet or hosted services you use. It will work with any vendor, app or gadget —or— Perhaps, I will refine my homespun solution and offer it as an add-on app that can be used with any wallet, bank account or exchange. Simple, ubiquitous and effective multisig should have been available to even traditional banking customers years ago!


* History of Coinbase support for a multisig vault

Oct 29, 2014 — Coinbase adds Multisig Vault
Multisig rule: (3) private keys created. 2 are required to access coins:

  1. User Key
  2. Coinbase Key
  3. 2nd Coinbase Key but only user has passsword

Aug 31 2017 — No more NEW Multisig vaults

April 19 2018 — Sunset of Multisig vaults (and announced earlier, on Mar 20)

Sunset on Multisig vaults: They make it difficult to support forks. A new tool will still support withdrawls after multisig vaults are retired.


Ellery Davies co-chairs CRYPSA, hosts the Bitcoin Event and presents at Crypto Conferences around the world. Book a presentation or consulting engagement.

Trump: Lamenting lost opportunities…

Twice, this past year, I promised that a final missive about our president was my last word, in a blog that resolves to be apolitical. This was a supremely difficult promise to keep—I have clearly failed. I lose sleep over our shared unfortune. And so, here is one more parting thought on a matter that troubles me deeply.

During the winter holidays, I settled into Las Vegas for a few shows and some fun. (Thank you, Ryan, for loaning me a Pontiac sports car!). I shot this photo through my window from Highway 15 as I was approached my hotel on the Vegas Strip.

It is sad that this building still shows such a disgraced brand name. It is sad that our country still wallows in that disgrace. How so?…

It is not so much the lies, divisiveness, misogyny, xenophobia, abject ignorance or thin-skinned bullying that bothers me. It’s not the constant contempt for everything embraced by the past administration (it clearly consumes him). It’s not the blind allegiance to white supremacists (he doesn’t even realize that they are racist). It’s not his goofy battle with the 1st Amendment or his professed support of the 2nd Amendment. And it’s not even the ignorance on issues related to the environment and nuclear threats…

Rather, it is the lost opportunities during moments of crisis and everyday business in which perspective, rational leadership, and respect from peers could really make a profound and positive difference to the futures of people everywhere!

To my good friends Dania, Peter and my nephew, Nate: Note that I never mention the name of any politician or statesman in this post. The name on that building speaks for itself. I respect you, but I do not respect the individual whose name adorns this building. It gleams in the sunset, and towers over Las Vegas. But it shines with shame. It may be beautiful and well maintained, but it represents a crumbling America.

Absolutely, the last word on Donald Trump

Months ago, before and after the election of our 45th president, I recognized that a growing fraction of posts in this blog were diatribes—railing against Trump and intolerance, and focusing on national politics. These topics were never intended to be a major focus of Wild Duck. I was concerned that personal politics was beginning to detract from the goals of a blog dedicated primarily to Bitcoin, privacy and the intersection of technology with social policy.

And so, I am doubling down on my commitment to move the shame and disgrace of the US president off of this web site. This is not the place. This is no longer the time. This is not the venue for political divisiveness.

except just this one last time. Please, Gawd! Just one last word about an issue of global importance.

Instead of making America great again, our president is dragging America into a pit of denial, division, xenophobia, and intolerance.

The longer that we tolerate this glitch of democracy; the longer we delay impeachment or guided resignation; the longer we accept divisiveness—this will be the period during which our nation treads three rungs below mediocrity. We grunt and grit our teeth; but, we slip further toward a cliff of irreversible, historical and ecological consequences.

Last week, I was traveling with my daughter in Costa Rica, and so I missed a New York Times op-ed (Aug 17, 2017). It screams out from the page—confronting and demanding reconciliation; it deserves amplification. Please consider what you read. Don’t just nod in agreement or reject it due to Trump loyalty. Truly consider the consequences. Stand up. Call your neighbors and friends. Do something. [Click image at bottom]


Vicente Fox: Message to Donald

I try hard to avoid pushing too many Trump posts into AWildDuck. The blog is intended to be more about technology, privacy, cryptocurrency and social policy.

But all too often, something like this hits the news and it’s tempting; like Adam & Eve and the apple, all over again!

I could be mistaken, but it appears that this video message to US president Donald Trump was really produced and presented by former Mexican president Vicente Fox. It does not appear to be an actor or comedian. The video is posted on President Fox’s Facebook page and his own personal web page.

Even if this is an actor portraying the Mexican president, it is clearly authorized. It is not only funny, but insightful and relevant—and very sad. That too! Funny, but sad…

https://youtu.be/iYZKrn7Bbl8

US withdrawal from Paris accord; Universal disappointment

Yesterday, I had a fantasy. One that I passionately hoped would become reality. Minutes before Trump announced the withdrawal of the United States from the Paris Climate Accord, I began to daydream…

  • I dreamt that Trump might listen to his top science advisors and his daughter
  • I dreamt that he might not gamble our existence on his minority opinion that humans cannot help rescue the environment.
  • I dreamt that he would recognize that clean energy jobs trump legacy coal mining
  • I dreamt that he would avoid export tariffs for failing to respect international norms
  • I dreamt that he would stop pandering to Yahoos and stand for something worthy and undeniable

No such luck! The USA has lost its Mojo—at least while it is led by a man with no grasp of science, history, morals or a global perspective. As Trump begun to speak, I was sucked into a cruel nightmare. But this nightmare is reality. It’s the reality of a buffoon representing you and me in our nation’s highest office.

Question: Time for a thought experiment. Can you guess the answer?…

What do Arnold Schwarzenegger, Elon Musk, The Pope, Richard Branson and French president, Emmanuel Macron, have in common?

Answer: They are all saddened that the US is surrendering its inspiration, leadership and common sense. Clean energy creates jobs, saves our planet, and aids the political and military stability of nations. Trump doesn’t sense any of this. He is validated by his base and his Yes men. He is a climate denier, and he doesn’t even read. He only watches what others say about him on television.                     [continue below video]

I cannot add perspective nor amplify President Macron’s urgent message to Americans. The clip is trending on Facebook with the caption: “French president destroys Trump in 5 words”. This suggest that he is taking a jab at Trump; mocking his poor grasp on science and the environment. But, politics plays no role in this message. It is about global impact and opportunity…

The French president hasn’t made a fool of Trump. Trump has brought shame onto his office and made a fool of our system of government, all on his own. His defiance of science and complete lack of understanding history risks irreparable harm to our planet. Trump feels that American jobs come before environmental policy. Yet, he is turning his back on the biggest jobs market since the steam engine.                 [Continue below video]

Perhaps more critically, his withdrawal from the global accord will bring about tariffs against US cars, steel, airplanes, timber and electronics. After all, by pulling out of the Paris accords, we ducking environmental safeties in an effort to make America great — or more accurately, in our effort to bury our heads in the sands and let the rest of the world take the lead on clean energy, efficiency, reducing pollution and averting global warming.

Response to US withdrawal…


Ellery Davies co-chairs Crypsa & Bitcoin Event, columnist & board member at Lifeboat, editor
at WildDuck and will deliver the keynote address at Digital Currency Summit in Johannesburg.

Sex Equality: I’m With Her

A Wild Duck guest editorial

Lydia Begag is a high school junior at Advanced Math and Science Academy in Massachusetts. She got our attention when she published an editorial critical of the school’s uniform policy. With eloquence and articulation, she laid out a brilliant and persuasive argument that the policy was anything but uniform. It was ambiguous, arbitrary and discriminatory.


I’m with Her
Ideas Regarding Sex Equality—Forget the Rest

Political and social turmoil are everywhere we turn, especially in the early months of 2017. Lunch conversations, small talk at work, and, of course, the media we consume have all become related to a singular topic: the United States government and its workings. Emotionally, I want to curl up in a ball and block out the political nonsense being spewed left and right until the day I die (pun very much intended)—but I feel intellectually obliged to confront the controversy.

All who live and breath America understand why politics have always been a hot topic for debate. Every ideology, action, and word are potentially contentious. Such is especially the case with modern feminism. Everyone seems to have a different opinion of it and portrays it in different ways, from the group of men wolf whistling at a woman on her way to her car after work to powerful cultural figures who associate themselves with the movement. Before we can even begin to familiarize ourselves with conflicting beliefs towards women and feminism in general and their reflection of a worrisome mentality, it is crucial to first understand feminism’s roots in the United States, and how interpretations of the word and the movement have varied throughout the years.

Feminism begins its legacy in 19th-century America, where its first-wave arises at the Seneca Falls Convention of July 1948. Prominent feminists of the era (including Elizabeth Cady Stanton—more on her later!) issued a Declaration of Sentiments for women that emulated the Declaration of Independence their husbands had crafted 170 years earlier. The document asserted that women had fundamental rights that were denied without cause, including suffrage. However, the first-wave feminist movement raised a series of questions regarding whether it was acceptable to promote black civil rights over and into women’s rights. Should the rights of black men be prioritized over establishing and recognizing rights for women? Should black women be considered in the fight for gender equality as well, or would that undermine the cause white women had been fighting for for so long? The moral conflict eventually resulted in a success for the women’s suffrage movement in 1920. White women, led by famous feminists such as Stanton, Alice Paul, and Lucy Burns, gained the right to vote in federal and state elections via the 19th Amendment to the U.S. Constitution. Women of color, however, were left in the dust and did not start to gain suffrage until 1965. This type of exclusive feminism did not end when women of color gained suffrage; it has proven itself to be significant even today.

The list of American feminist milestones goes on and on. Women experienced sexual liberation in the Roaring 20s, when life was grander and more exquisite than ever. They essentially took over maintenance of the U.S. economy when men went  to fight in the world wars, and Rosie the Riveter was born. Women were also becoming increasingly influential in politics. Such milestones included the first woman to run for president on a major-party ticket in 1972 to landmark Supreme Court cases asserting that a right to privacy does include guaranteed legal accessibility to abortion and contraceptives. Title 9, the amendment to the Education Amendments Act of 1972, enabled girls in schools across the country to receive the same benefits as their male peers. All of these milestones reshaped a woman’s role in society throughout the 20th century onwards, but they did not come without drawbacks. The ’20s was an intense era of sexist and classist attitudes. Female sexual liberation resulted in extreme objectification. After WWI was over and soldiers came home, women were whisked back into the households to resume their roles as obedient housewives. Male dominance made running for public office harder for a woman, despite having the opportunity. And let us not forget the controversy surrounding a woman’s right to privacy. A significant factor involves religious morals and/or other ethical reasoning that are not related to gender equality, but it is impossible to ignore the misogynistic rationale that many pro-lifers exhibit. All of the achievements we’ve had have seemingly been countered by just as much dissent as support, a persistent reality since Abigail Adams urged her husband to support gender equality.

We are currently in the era of what fundamentalist feminists call “Take A Shot Every time You Offend Someone With One of Your Comments.” That term, of course, is colloquialism at its finest. You’re probably more familiar with something called third-wave feminism. This type of feminism has become increasingly less focused on the kind of feminism Stanton was prominent for (Yay! Exclusivity!) and more on queer and non-white women. The concept of intersectionality was introduced in the late ’80s just before this third wave began. It has received great support by women of color and those who had always been ignored by exclusive feminists, but as we already know, dissent is just around the corner.

The most popular criticism focuses on a lack of cohesion. First wave feminism fought for and gained female suffrage. The second wave fought for the right for women to have access to equal opportunity in the workforce and an end to legal sex discrimination. What is third wave feminism’s goal? Is there even a goal, or are its advocates serving as the world’s determinators of what is PC and what is not? The stigma around the feminist movement has existed ever since its origins in this country, but the increasing disassociation of women from the term ‘feminism’ has become alarming in recent years. For every outspoken celebrity and political feminist there is out there (think Emma Watson, Shonda Rhimes, Nancy Pelosi) there is an equally prominent female figure that opposes the movement, such as Lana del Rey, Tomi Lahren, and Shailene Woodley. Here’s the kicker: these role models usually aren’t misogynistic or demeaning. They simply seek to avoid affiliation with the word itself and its modern day supporters. This is understandable; we’re a country founded on grounds of freedom. If a person doesn’t want to associate themselves with a movement, there’s no obligation to. However, the fact that women don’t even want to be labeled feminists because of what it has come to signify is something I find very problematic. I don’t see this as an inadequate reflection of what 21st century women believe in, but rather a poor reflection on the feminist crusade. The way I look at it is this: apples don’t fall off a tree because they are too heavy. Rather, they fall off because the stem is too weak to support them.

This creation of a conflict within a conflict has led to major confusion on what “right” feminism is. As defined by Merriam Webster, “feminism” is the theory of the political, economic, and social equality of the sexes. This most basic meaning of the word is something most women, if not all, should consider when they debate  whether or not to label themselves a feminist. Sex equality is really the only thing the third-wave feminist movement should be focused on. Issues such as racial inequality, and rights for LGBT and disabled persons, are a matter for a cause much broader than feminism (think egalitarianism). The more narrow a movement and its fight becomes, the more likely it is to accomplish its goals. The first two waves of feminism all had a set goal in mind, which was something that followed core feminism to the nines. In the midst of all of the social unrest that has risen since the ’80s, the feminist movement has been trying to take over the egalitarianist one. However, if women ever wish to gain social equality between the sexes, it is necessary to narrow the cause to its fundamental roots.

Another issue with the modern feminist movement is that, in the effort towards sex equality, many feminists have interpreted being equal to men as trying to act just like them. Men and women are different, biologically and perhaps psychologically, but of equal value. To quote Mary Ramirez’s “Dear Daughter: Here’s Why I Didn’t March For You”: “…we are biologically and physically and emotionally different from men, but that doesn’t mean we’re less. It means we’re special.”

Nonetheless, achieving social equality between the sexes is something I consider crucial, particularly for the girls just starting to grow up in this country. It is disheartening for women to live in a world where, from the moment we start to grow up and find ourselves in a male-centric society, life becomes a tale of denigration and overt sexualization. However, the problem with using modern feminism to change this sexist attitude is that it has turned into a male resentment club, and no longer seems to revolve around sex equality in society. Off the top of my head, I can think of multiple times where the “feminists” surrounding me on a daily basis have remarked on female superiority or denounced women who do not wholeheartedly accept their idea of feminism. Feminism should preach equality and acceptance. Instead, it has turned into a catty game of doing to the men what the men have done to us. We live in a world where raising people up has turned into knocking others down. Vulgarity and impertinence has turned into the ideal image of a “strong” woman, and has become more and more acceptable. The idea of a feminist who respects others’ opinions has seemingly been swapped with one that thrives off of the idea of being regarded as “bitchy,” angry, or disrespectful. We’ve come a long way since our feminist founding mothers marched down Pennsylvania Avenue fighting for suffrage, and unfortunately, it’s not for the best.

Envisioning myself in the world of politics five or ten years down the road…I won’t pretend it doesn’t worry me at times.Influential female politicians over the years have found not their beliefs or their policy agendas as the primary subject of media conversation, but rather whether or not they’re menstruating or have considered cosmetic surgery. Seeing myself and others in my current situation has worried me as well. Despite growing up in a privileged setting where I receive nothing but acceptance from my family, the school and work environment has offered me and similar girls slut-shaming, catcalling, and the craftiest of off-hand remarks (“Who are you trying to impress today with that outfit?”). A multitude of women who come from different backgrounds have experienced similar toxicity in their surroundings. Ultimately, any setting for a woman can be a problematic one, and a promotion of classic feminism could turn things around. To me, an advocacy for respect on both sexes’ parts—rather than claimed superiority—would be transformative in making these conditions for bearable for young American women and men. Right now, what we have is extreme exclusivity and not enough acceptance.

Want to call yourself a feminist? Great! Reluctant to associate yourself with the movement but still support sex equality? Sounds good! Don’t support sex equality and a reversal of traditional gender roles? That is still okay! Obviously if an opinion undermines the cause you are fighting for, you’re not inclined to encourage it. But what the American public needs to realize is that, when advocates contradict the cause of unity and respect with their actions and words change will not come. Crudity does not empower you; it only cheapens you.

As mentioned before, narrowing down the movement’s goals is also crucial in moving forward. In comparison to many nations around the world, the United States has seen great success when it comes to fighting for sex equality. The third-wave feminist movement does have some valid issues to advocate for—domestic violence, raising awareness for rape victims, pay discrimination, etc.—but also chooses to focus on trivial causes like Free the Nipple and eliminating “manspreading.” Perhaps it is because we have obtained legal equality (thanks, first two waves!). But now that social equity has become the main focus, a blur of ideas and beliefs have resulted in a chaotic, incohesive movement. If you consider feminism at its core, the social issue to fight for is clear. There are many causes worth fighting for: racial inequality, ableism, and marriage justness, to name a few. But for the love of God, leave the aspects that do not relate to sex equality for the egalitarians. They’re there for a reason.

Author’s Note:  Add a comment or question below. I will respond promptly.

— Lydia Begag

VILE: USA treatment of tourists under Trump

 

I wrote this during Trump’s first address to a joint session of Congress (Day 40 as president). Pundits
praised his conciliation and delivery. Trump stayed on-point and appeared more “presidential” than in past.
This post is about action; not talk or appearance. It is testimony of his leadership earlier on the same day.

This weekend, Mem Fox—a well-known Australian children’s author—was pulled aside at the airport upon arrival. She describes a horrifying and undignified experience. One that made her abhor our country. Others in the room were treated even worse. Those who were not white, English-speaking and upper-middle-class were yelled at and mercilessly humiliated. No toilet or water was offered to arriving passengers—even a young woman with a baby.

You might wonder what was the reason for suspicion? She certainly doesn’t fit the profile of  a terrorist. Many American children grew up with her books. This was her 117th visit. She is white, wealthy, educated and articulate. (None of these traits are required to visit the United States). She was pulled aside and interrogated because her airline ticket appeared to be paid by her American publisher. The immigration official claimed that she was attempting to sneak in—and work in America, illegally.

Ms. Fox isn’t the only tourist to come forward today. The French Holocaust historian, Henry Rousso, was held for 10 hours at immigration. Was his entry suspicious? He has taught at Columbia University in New York and Sorbonne in Paris. He was visiting America to give a Keynote Address at Texas A&M. But just as with Mem Fox, the immigration agent learned that he was receiving a fee for his speech. He was told that he would handcuffed and deported on the next plain to Paris. If not for a sharp lawyer at the University, he would have been shipped away in humiliation and disgrace. Rousso sums up the experience by observing: “The US is no longer quite the US.

Their experiences make a mockery of the Emma Lazarus’ words at the base of Miss Liberty: “Give me your tired, your poor, your huddled masses yearning to breathe free.” Apparently, under a Trump regime, even the upper class, the academics, and the distinguished don’t make the cut.

Is this the friendly and welcoming face that we wish to show our foreign visitors and academics? Do you think that they will travel to the United States or do business with us, if clueless border control agents behave in this manner?

What Chutzpah, Xenophobia, and misguided attempts at protectionism! Unfortunately interacting with minor officials under Trump seems a lot like the interaction between German citizens and Jack boots of the Nazi SS or Gestapo.

For many individuals like Fox and Rousso, it’s not just about fake news, narcissism, a string of lies, fearing the press, lashing out at critics, lining pockets at taxpayer expense, surrounding oneself with racists or buffoonery. Instead, it’s personal; it’s ugly; it reflects on all Americans; and it is reprehensible.

It doesn’t require a bipartisan gaggle of psychiatrists to recognize that our president is seriously deranged. That diagnosis is just plain common sense. Additionally, it doesn’t require a political analyst to observe Republican congressional leaders squirming in their chairs or struggling to show unity on the evening news. At least not if you avoid the ‘fake news’.

Now, we must summon the strength and the resolve to do something. Trump must not complete his first year in office. Even if his paranoia, vindictive ethos and contempt for the truth abates, think of the missed opportunities, the mass exodus of talent, the likelihood of a military orgy. Think of the lost business deals, the serious environmental damage and the fostering of hate between cultures. Think of a woman’s right to choose and the hard won LGBT right to marry and to be who they are.

Think about Mem Fox and Henry Rousso. I wish that I could get over the slimy behavior from his campaign trail, but here one last jab… Think about a leader who brags about his p*nis size and about grabbing woman by the p*ssy. Think like an individual who cares about the future of our nation, our alliances and our planet. Raise your voice. Join your neighbors. Seize the day. Do something!

In years of writing, I never thought that I would end an op-ed piece like this:

  • Resist
  • Defend
  • Restore our lost ethics and compassion
  • Embrace diversity—It is a core strength
  • Speak out for the environment
  • Deal honestly and fairly with other countries; lest they flee a relationship
  • The truth matters

Trump’s Behavior: A Rational Explanation

It is no secret that I am opinionated. Although flexible when presented with a contrary opinion, I am unapologetic in articulating blunt positions and pushing emotional buttons. After all, this is the luxury of having a bully pulpit. It’s also a blessing of the First Amendment and the Internet.

But there are boundaries—even for an opinionated and sarcastic Blogger. When I became editor of Wild Duck more than 5 years ago, I made a New Career Resolution. I committed to never discuss three topics. They were over-hyped, argued and litgated in other venues. I didn’t want the noise and I didn’t care to defend my opinion nor deal with the return fire. Not on these three issues..

I don’t expect you to click through all the links below—but as you can see, my New Career Resolutions were kicked to the curb. I broke two of three promises in the very first year!

Despite pontificating on all of these banned topics, on election day 2016, I made a new resolution to at least remain quiet about Donald Trump. I wrote six articles about him before the election. But the fact is that he has won. And for the past 3 weeks, I resisted the temptation to rant, whine, complain—or hold my breath until the family jewels turn purple. He won. He is our Chief Honcho Elect. ’Nuff said!

Well, at least this latest resolution was good for 3 weeks. Today, I break that commitment by linking to this article: Jane Goodall, the famed anthropologist and expert on primate behavior, offers a simple and scientific explanation for Donald Trump’s behavior and outrageous claims.

Donald Trump hoots & stomps at Jane Goodall

Donald Trump hoots & stomps at Jane Goodall

She demonstrates with rigorous academic precision, that Trump’s statements and attacks map directly onto chest-thumping, tree dragging, hooting and stomping of lowland gorillas. And not every act is a metaphor! For example, male Gorillas don’t just attack others they perceive as competitors, they berate, degrade, lie, bully and demonstrate p*nis size to ensure that they get their way. Even more interesting, they increase their humiliation and attacks on any other male who fails to support their earlier attacks.

Seriously, this is no joke! It’s academically valid and very illuminating. Don’t just take it from me…check it out here. And just for the record, this post is not about Trump. It’s a wildlife documentary and a tribute to a highly respected scientist.

Thought leaders who back Trump

I have two very smart friends who share a rare trait. Since I have not asked them for permission to ‘out’ them in my Blog, I will call them ‘Dan’ and ‘Peter’. For this one Op-Ed, I will avoid photos, because some readers would recognize them.

I met Peter through business connections and his headline speech at a technical conference. Dan has been a close personal friend since immigrating to America 25 years ago. I’ll get to the rare quirk that they share—but2-person silhouette-s first, they have some other things in common…

  • They are each remarkably intelligent. Their respective patents stand among the most inspired business ideas in high-tech history
  • They have both launched high-tech start-ups—solving meaningful problems, employing others and creating impressive brands
  • They have sparkling, magnetic personalities— exuding trust, kindness and generosity.
  • They are each superlative communicators—equally adept with a pen, a TV camera, social media or in front of a live audience.
  • They communicate with confidence, con-viction and an uncanny gift of persuasion.
    They are unquestionably influential. Their eloquence and stature convey gravitas

Years from now, I doubt that either of these friends will point to this page as testament to their esteem among peers. You see, of my many smart and influential friends, these are the only two who support Donald Trump as a candidate for US president. I estimate that this makes them members of the “one percent” (No. Not that one percent).

How can this be? Can smart individuals honestly see Trump as a man that they trust to lead a nation, hold the nuclear codes, build respect among other nations, and honor our cultural diversity? Try as I might to deny it, I am forced to admit that at least two smart individuals support Donald Trump. How many other Peters and Dans are out there?

Here, then, is my personal plea to Dan and Peter. Are you listening, guys? In the open letter below, I have given up trying to change your minds. At this late stage of the election cycle, I appeal, instead, to your patriotism, your conscience and your heart…


Hi Dan {Hi Peter},

I don’t know if you watched Obama at the Singapore press conference today. It is painfully clear that every policy and bilateral agreement that he tries to enact is thwarted by partisan politics back home in our own country. These politics are motivated by the desire to make him look bad—and for these bad optics to rub off onto Hillary.

I can’t get into your mind on Trump, but I certainly appreciate and respect that we have different political philosophies. We both want a fiscally conservative administration, and a smaller, hands-off government; less debt, less tax redistribution, etc—But we have differences on guns, trade, abortion rights, global warming, the Supreme Court appointment process, and other social issues.

Regardless of our differences, I am very concerned at the neck-and-neck polls between two such different options: A sane, articulate, rational and experienced executive who may have lied about certain events—and a completely unworkable buffoon with an empire built on scams and bravado. I urge you with passion and urgency to please reflect and reconsider your endorsement of Donald Trump. Recant and recast your influence. This is not a Republican–vs–Democrat issue. Even a liar cast in the mold of Richard Nixon would be a far better choice than Donald Trump to lead our country. Trump will destroy our nation’s influence, reputation, economy, and alliances everywhere on earth. He is already well on his way to doing this.

I have always been impressed with your rapid rise as a thought leader. You are intelligent and very persuasive. Please switch horses, Dan. President Obama feels strongly that Trump is unfit to be the US President. I am more specifically concerned that he is unfit to be the object of your persuasive influence.

I see myself in Donald Trump—and I don’t like it!

Look at it this way, Dan: Trump and I share some “qualities”…

  • I have been known to exaggerate—when I believe that I will not get caught
  • I have used an alias to make phone calls (to make my organization look larger or my position seem more credible)
  • I sometimes speak with emphatic conviction before carefully checking facts
  • I have occasionally allowed myself to give into the lure of divisiveness and discrimination

But here’s the point, Dan: I know that these emotional and erratic tendencies make me unfit to govern the United States—especially if I lack a clear record of surrounding myself with critical advisers who are empowered to challenge me, delay my stupid statements and bravado, and with power to cut off my twitter feed before any random, venomous thought spits out from my ADHD brain.

More importantly, Trump doesn’t do these things occasionally. He does them every day, and with the passionate zeal of a bombastic, pathological liar.

If comparing Donald Trump to my low-brow idiosyncrasies fails to move you, then allow me to try reasoning with facts…
Is Donald Trump a legitimate candidate for US President?

You assert that liberals take Trump’s statements without context. I believe that I have observed the context. For example, how can you not be disturbed by a comment that Trump made today in reference to Obama’s firm stance against shooting cops. Trump said. There is something going on with Obama. I watched him and there is something going on there that we just don’t know about yet.” He made a similar statement after the Orlando nightclub bombing.

What the h*ll is that?! To me, it is obvious: He is using innuendo to push a conspiracy theory and hoping to cast FUD into anyone associated with Obama. For Trump, this is a frequent tactic. In fact, it is his modus operandi…

  1. Birther Issue: Claims that Obama was not born in the USA
  2. Religion: Claims that Obama is a Muslim or that Clinton is controlled by Jews
  3. Black Lives Matter: Claims that Obama fans the flames of anti-cop hate
— How can you not be disturbed when Trump criticizes a judge born in Indiana for being Mexican? (“We assume that he is Mexican–but that’s OK”). What kind of idiot statement is that?!

— How can you not be disturbed when Trump gets sucked into Tit for Tat with a Gold Star mother and claims that her Muslim upbringing prohibits her from addressing the DNC? (Even if this were true, what type of man would use this to gain points?!)

— How can you not be disturbed when Trump makes fun of a handicap or says that a distinguished prisoner of war is not heroic, because he was caught?

— How can you not be disturbed that a candidate for president makes reference to the size of his penis on a televised debate?

— How can you not be disturbed about a candidate that talks about the redeeming virtues of Saddam Hussein or Putin?

— How can you not be disturbed by Trump’s claim “I love the Bible more than anyone”? (I certainly don’t want a leader who uses the Bible as a blueprint for morality, but seriously: He made this claim—and then attempted to quote “Two Corinthians”.

— How can you not be disturbed by Trump’s crazy defense of his multiple corporate bankruptcies. He even claims that the US may need to renegotiate the national debt or simply print its way out of debt. Is this rational talk?

— How can you not be disturbed by Trump’s desire to deal with the cost of our Nato commitment by encouraging Japan and South Korea to obtain nuclear weapons? Is that the talk of a sane man?

— How can you not be disturbed by a candidate who sends a vile personal tweet about another candidates wife, and then deflects blame by saying “I didn’t start it”? Yes, he did! And, in the words of Anderson Cooper, “That’s the argument of a five year old!

— How can you not be disturbed by a candidate that tells his supporters to punch a demonstrator? —and that he will pay the legal bills [i.e. in the event that they are arrested for a crime orchestrated by the candidate].

— How can you not be disturbed by a candidate who sends a tweet that was lifted from a white supremacist web site, and then claims that the Star-of-David next to Hillary and a downpouring of $100 dollar bills is just a Sheriff’s Star?

— How can you not be disturbed by the only presidential candidate in 30 years who refuses to reveal his taxable income, and then uses the lame excuse that he is undergoing a government audit?

I hate to resort to name calling, but please tell me how you can endorse redneck, racist, white trash, like that?

You claim that I am just repeating lame propaganda by CNN, but I have eyes, ears, a good memory and an analytical mind. Trump is divisive, childish, vindictive and deceitful. It is not clear that he is a good businessman. But if he is, he has built his fortune on hollow promises, trickery, and walking away from his obligations. In the words of Mayor Michael Bloomberg, I know a con when I see one!

Please pause and reflect on this, Dan. You have more influence than you realize. Show your social media readers that you can reverse course. Your voice makes a difference. Donald Trump’s candidacy is far from viable. His words and actions are worse than lies. They are a disgrace. Please counter the insanity with your influence and your enviable soapbox.

God help us, if Americans align with Trump as they step into the voting booth—And God help me, if he wins. With such a thin skin and a history of bullying perceived enemies, Trump is certain to single me out for punitive vengeance.

Your friend (still, and always)
~Ellery

I won’t Put Lipstick on a Pig (but Tony did!)

Last year, an Op-Ed in my personal Blog, AWildDuck.com, caught the attention of a retired US politician. His staff contacted me, due to an editorial that was highly critical of his colleague (a younger politician who still holds office). Fearing an angry reader with clout, I was preparing to defend my position and my First Amendment freedoms, when the bigwig pulled the phone away from his assistant—and made me an offer.

He didn’t want me to retract the article about his colleague. In fact, he thought that the current US Senator was a bigger putz than I had portrayed. Instead, he wanted me to write his kiss-and-tell memoirs—

open_book-s

I was born in a house my father built…

a book that was guaranteed to be filled with all sorts of juicy revelations. I was ecstatic! This was a dream job—precisely the reason that I started the Blog: to land a string of high-dollar writing gigs.

His lawyers contacted me. We exchanged documents. I signed an NDA and provided writing samples in several different styles. His family and aides analyzed my writing for plagiarism, geographic or anachronistic idioms, and for level and clarity. Within the week, he hired me as his ghostwriter.

I began writing under the name of a well-known, national politician. During interviews, I was in awe of this internationally known historical figure, who—in the sunset of life—chose me as his personal conduit to history. Although I could not tell my family who was this important figure, my teenage daughter figured it out, based on overhearing my side of several interviews. She was sworn to secrecy.

Trump-backside-s

“I put lipstick on a pig…I feel deep remorse.” —Illustration: J. Jaén

After three months, and several drafts of the first chapters, I backed out of the project and returned a sizable pile of cash. I was unable to apply my passion and zeal to this man’s shocking opinions and nuggets of “wisdom”, even though my name would not appear on the book. I just couldn’t bring myself to rephrase what he said in interviews and what appeared in his notes…

It’s unclear whether my employer had changed in his golden years, or if—perhaps—a racist misogynist was smoldering under the surface all these years.

Perhaps most surprising, for me, is that he had publicly championed women’s rights throughout an illustrious career, yet—at least today—he secretly feels that our country’s ills are a direct result of gains in women’s jobs, pay, education, rights and reproductive freedom. He wanted me to explain that empowerment of women during the 60s and 70s effectively castrated men both at home and on the job. He earnestly believes that the best place for a women is in the kitchen or the bedroom. He can barely tolerate a woman in the workplace, so long as she is a nurse or secretary or school teacher.

Today, I came across a similar story in The New Yorker. But this one has a very different ending. In this case, the ghostwriter completed the book, only to be filled with remorse!


Tony Schwartz,is the ghostwriter behind Donald Trump’s 1987 bestseller, The Art of the Deal. It is among the most successful business books in publishing history. Unlike me, he did not back out his gig. He is an excellent wordsmith, and—just like a good speech writer—he wove his compelling art for Donald Trump.

Tonight, Donald Trump accepts the Republican nomination for the highest office in our land. But, Tony Schwartz regrets “putting lipstick on a pig”. (Editor’s Note: I really like the metaphor!). Tony’s skillful pen made Trump look astute, insightful, savvy and successful. And it created an impression that hoodwinked the Republican nomination.

lipstick_on_a_pig

Why is Bitcoin Capped at 21M units?

I was asked this at Quora.com. But the query deserves a companion question, and so I approached the reply by answering two questions.


You might have asked “Why was Bitcoin designed to have a cap?” But, instead, you asked “Why is the cap set at 21 million bitcoins”. Let’s explore both questions starting with the choice of a circulation cap…

Why set the cap at 21 million BTC?

The choice of a cap number is arbitrary and in fact, it could be 1 or one hundred trillion. It makes no difference at all and it has no effect on the economy—even if Bitcoin wereStacks of Bitcoin to be adopted as a currency all over the world. If it were set to 1 BTC, we would simply discuss nano-BTC instead of 1 BTC for amounts of about $650.

In fact, we already do this today. For many purposes, people are concerned with very small payments. And to best discuss these payments, we have the Satoshi. There are 100,000 Satoshi to each bitcoin (BTC).

What is important, is that the total number of bitcoin (regardless of how many units there are) can be divided into very tiny fractions. That way, the total worldwide supply can be divided into smaller and smaller slivers as market adoption gains traction. Everyone needs to earn, save, spend or pay with a piece of the pie. All users need to know is what fraction of the pie do I control? and not how many ounces, pounds, Kg, or tons is the pie. That is just a number.

Incidentally, the same could be said of gold (it can be shaved very thin), but gold is not quite like computer bits. It has industrial and cosmetic value, and this intrinsic demand for gold (beyond it’s role as a pure monetary instrument) has an effect on supply and demand along with the influence of investment, circulation, savings and reserve.

Why is there a cap at all?

At the beginning of this answer, I suggested another question: Why is Bitcoin capped at all? After all, the monetary supply in every country grows. Even gold production is likely to continue for centuries to come. Why not Bitcoin?

Satoshi designed Bitcoin to eventually become a deflationary currency. I believe that he/she recognized inflation is an insipid tax that constitutes an involuntary redistribution of earned wealth. With a firm cap on the total number of units that exist, governments can still tax, spend and even enforce tax collection. They can go about business building bridges, waging war and providing assistance to the needy. But without a printing press in the hands of transient politicians, they can only spend money with the consent of their constituents and residents.

Of course, governments could borrow money by issuing bonds. But with a capped currency, they must convince creditors that the country has the will and the ability to repay debts from “real” dollars—and not inflated dollars.

In effect, monetary policy is restricted to the business of the governed, but the money itself is not coined by a domestic treasury. It is the province of something that is far more certain than a human institution. It arises from pure math. It is open and transparent. Everyone is an auditor, because bookkeeping is crowd sourced.

For prescient legislators and national treasurers, Bitcoin presents far more of an opportunity than a threat. It is good for government, business and consumers, because it forces an honest money supply. Ultimately, it builds trust in government, because no one can cook the books, water down wealth, or print their way out of debt.

What about recession. Isn’t it a result of deflation?

Deflation doesn’t lead to recession. Rather, it sometimes accompanies a recession. Recession is caused by an uncertain job market, war, a massive supply chain interruption or political upheaval. In one way or another, it boils down to a lack of confidence sparked by one of the economy’s core foundations: consumers, investors, business or creditors.

Bitcoin as currency removes a major impediment to confidence. By creating a system that cannot be rigged, it fosters trust in government along with an open and transparent treasury.

Ellery Davies co-chairs CRYPSA and produced The Bitcoin Event in New York. He writes for Quora, LinkedINWild Duck and Lifeboat Foundation, where he sits on the New Money Systems Board.

Mr. Trump’s Star of David

“I didn’t do it. I didn’t mean it…We thought it was the star
of a an iconic Sheriff’s badge. Only crooked Hillary or the
liberal media would interpret it as an Anti-Semitic tweet.”

 

No, it’s not a quote from Mr. Trump. It is a mash-up of responses from his deputies and spin-meisters on CNN. They were responding to trump-tweetthis graphic, issued from their leader’s personal and infamous Twitter account.

The great thing about using proxies to do your dirty work, is that you can throw whatever you want toward the wall, and then disavow whatever doesn’t stick.

Along with name-calling and race baiting, it’s what six year olds do best in a sandbox. Later, when they become teens, they mature into slashing tires, throwing Molotov cocktails or electing bigots to the white house.

This is what a Sheriff’s star looks like, Mr. Trump. It has 5, 6 or 7 points. Those with 6 points always have balls at the vertices—especially, Sheriff-5-6-7if it constructed from two equilateral triangles. A Star of David is not an iconic Sheriff’s star.

When used to frame text, graphjic artists and layout editors almost always choose a 7-pointed star, because it maximizes text area. A Star of David is made of two overlapping, equilateral triangles. Although it can portray other things, the shape is fairly distinctive because of its simplicity. There are no balls at the vertices.

According to the FBI, 57% of hate crimes in the United States are committed against Jews, while only 16% target Muslims. Your tweet plays to the haters. You know it. Believe me, Mr. Trump, you know it!

As a leading candidate for political office, you most certainly have a sense of your audience and how words and images are likely to be interpreted. star-of-davidYou cannot play dumb with the rest of Americans. But in the event that you are, in fact, clueless, your naïveté or indifference is almost as dangerous as the hate that most Americans suspect of you.

The bottom line is that divisiveness, marginalization and intolerance are the hallmarks of a weak, thin-skinned bully. They have no place in politics and are not compatible with secular government or the democratic process.


Ellery is rarely a political pundit. But he has written about Donald Trump before:

NC House Bill 2. Ignorance? No. Intolerance? Yes!

Indiana Governor Mike Pence must be breathing a bit easier right now. It was just a year ago that his zealous support for the Religious Freedom Restoration Act threatened to undermine every business sector in the state,

Of course, that was a year ago. Governor Pence has signed legislation that revises the law to prevent potential discrimination. Although the revised law doesn’t outlaw LGBT discrimination, the stench around Indiana lawmakers has abated because a year has passed since the glare of a media spotlight. Now, the spotlight is focusing on North Carolina, where House Bill 2 is threatening that state’s fiscal health.

For Indiana, the rebellion was led by sports teams, including national gatherings like NASCAR. With North Carolina, it is led by musicians and, of course, business. In just the past two weeks a slew of venues was cancelled or sidelined, including concerts by Bruce Springsteen, Pearl Jam, Maroon 5 and Itzhak Perlman.

Business and enterprise has a slightly longer time horizon than concert bookings, but the handwriting is on the wall: PayPal withdrew plans for a new Charlotte operations center because it opposes the law; the center would have created more than 400 jobs for the city. Deutsche Bank froze plans to add 250 jobs.

How bad is the public backlash? The Charlotte Observer reports that House Bill 2 could cost the state 5 billion dollars. That billion with a ‘B’.

North Carolina House Bill 2

Yes. This is the bill that thumbs its nose at the Obama administration after the White House issued guidance on common sense gender policies in public restrooms, especially in public schools, where it threatened the withdrawal of federal funds.

I won’t pretend that the issue is black & white. After all, a frequently repeated argument asserts that this ruling (or clarification of Title 9, as the White House characterizes it) permits a pervert to enter a girl’s bathroom by dressing as a woman or claiming to be transgendered, and that such entry poses a threat to children. The argument sounds reasonable-at least, that is, until you think about it for 10 seconds. Now I understand there are many transgender people that are now managing to be open about their decided gender, even those that have still been featured on sites like shemalehd.sex finally being able to be open about it – so this argument can be a tricky one.

To illustrate my own take on the “Bathroom Bill”, I will support the common sense rights of transgendered individuals in using facilities that match their gender (as opposed to their birth sex)-by countering the arguments espoused by this angry, bipolar transphobic who is yelling his opinions at a Target store. He may be more vocal on the issue, but his logic is identical to every argument for shutting down Title 9 protections.

Caleb is the WildDuck reader who referred me to this video. He exclaimed “Look at this ignorant nut and how a shopper takes him on,” This is my response to Caleb and anyone who is sitting on the fence about LGBT self determination…


Although you and I both disagree with the shouter in this video, Caleb, the term “ignorant” is not my first choice to describe this guy. I think that he is either a nut case, or he is off medication. But let’s consider his key argument: He claims that men can dress as women and take pictures of children in a kid’s bathroom.

  • I have not seen a kid’s-only bathroom-not even at Target. And so, I think that he is referring to the women’s bathroom.
  • There has always been the potential for a man to dress as a women and slip into a women’s bathroom. If the guy looks passable as a girl (whether transgendered or not), this activity cannot be easily prevented by Target or by turning back the transgender/Title 9 interpretation. After all, no one checks identity or gender when a customer ducks into a bathroom.
  • A pervert can just as easily take pictures of little boys. Just as with homosexual clergy, the proclivity to ogle little boys may be more common then it is with girls.
  • If a child is young (i.e. if she is defenseless), a parent or bigger sibling is generally in the bathroom too. When parent is with child, there may be a stranger taking covert photos, but who the h*ll cares? He doesn’t pose a threat-and he is more likely to be identified and reported. [continue below photo]

hb2civilrightsviolation0505

For all of these reasons, an inclusive and tolerant Title 9 interpretation is reasonable. The people who oppose tolerance are those who hate the idea that transgendered people exist (or worse: want them to be “cured”) . They oppose rights for personal and religious reasons. But, religion and exclusion have no place in government policy.

I admit that I paused to reflect on this issue-and a closely related issue regarding public school funding last week. But my reflection was brief. SNL-RFRA-sTransgendered individuals aren’t hurting anyone, nor damaging the fabric of society. Moreover, the opportunity to photograph kids in a bathroom is not increased by permitting individuals to use the restroom that matches their gender identity. That few people are likely to even know that their gender differs from their birth anatomy, makes this issue a red herring.

A Wild Duck Analysis

The fervent zeal to turn back transgender guidance is based on religion, hate, ignorance or intolerance. These traits have no place in government. It can be difficult to separate our fears from our better judgement, but these traits must never influence the law. Each member of society deserves civil rights. Congregate with whomever you wish, but our community laws should not attempt to repress benign behavior.

Related ? Bad for Business:Laws that Bully LGBT

Ellery Davies is a recovering homophobic. Fortunately, recovery started
decades before Indiana and North Carolina stuck their heads in the sand.

Can Bitcoin be defeated by legislation?

The question breaks down into two parts:

  1. For what public benefit?     —and—
  2. No, it cannot be achieved in this way

Governments are in the business of regulating certain activities—hopefully in an effort to serve the public good. In the case of business methods and activities, their goal is to maintain an orderly marketplace; one that is fair, safe and conducive to economic growth.

But regulation that lacks a clear purpose or a reasonable detection and enforcement mechanism is folly. Such regulation risks making government seem arbitrary, punitive or ineffective.

QR Code_CRYPSA-001«—  This is money. It is not a promissory note, a metaphor, an analogy or an abstract representation of money in some account. It is the money itself. Unlike your national currency, it does not require an underlying asset or redemption guarantee.

Bitcoin is remarkably resistant to effective regulation because it is a fully distributed, peer-to-peer mechanism. There is no central set of books, no bank to subpoena, and no central committee to pressure (at least not anyone who can put the genie back into the bottle). In essence, there is no choke point or accountable administrative party.

Sure—it is possible to trace some transactions and legislate against ‘mixers’ and other anonymization methods—but there is no way to prevent a transaction before it occurs or to know the current distribution of assets. Bitcoin can exist as a printed QR code and it can be transmitted from a jail cell with a blinking flashlight. Sending bitcoin from Alice to Bob has no intermediary. Settlement requires only that one of the parties eventually has access to the Internet. But, there is no credit authority or central asset verification.              [continue below image]…

feral_cat_mating-02-ts

If you are thinking of legislating against the use of Bitcoin, you might as well pass laws to ban the mating of feral cats or forbid water from seeping into underground basements. These things are beyond the domain of human geopolitics. You can try to shape the environment (e.g. offer incentives to cats and water levels), but you cannot stop sex or seepage.

Fortunately, Bitcoin is not a threat to governments—not even to spending or taxation. A gross misunderstanding of economics and sociology has led some nations to be suspicious of Bitcoin, but this improper perception is abating. Governments are gradually recognizing that Bitcoin presents more of an opportunity than a threat.

I have written more extensively on this issue:

Ellery Davies is co-chair of The Cryptocurrency Standards Association, MC for The Bitcoin Event in NY and monetary systems board member for Lifeboat Foundation. This fall, he will teach Cryptocurrency and The Blockchain in Massachusetts.

Bitcoin Pundicy: Recent Wrap-Up

Students: The list at bottom is your homework handout. Choose three. Refute
Ellery’s position (total length about equal to the original article). Cite references.

AWildDuck is my primary soap box. Here, I have the luxury of pontificating on whatever screams for a pithy opinion with sarcastic spin. But, regular readers know that I was recently named most viewed Bitcoin writer at Quora…

Quora is not a typical Blog. Both questions and the numerous answers form the basis of a crowd-sourced popularity contest. Readers can direct questions to specific experts or armchair analysts. The reader voting algorithm leads to the emergence of some very knowledgeable answers, even among laypersons and ‘armchair’ experts.

During the past few weeks, Quora readers asked me a litany of queries about Bitcoin and the blockchain, and so I am sharing selected Q&A. Although a pundit, I resist an urge to be verbose or bombastic. My answers are not the shortest, but they are compact. Answers may contain metaphors, but they explain across a broad audience and with the fewest words.

Check out an answer to a question that you know the least about. (For example, do you know what the coming ‘halving event’ is about?). I would be interested in your opinion.


Ellery Davies is co-chair of Cryptocurrency Standards Association. He hosted
The Bitcoin Event and moderates the largest LinkedIN cryptocurrency group.

Puzzling Demographics of Trump Supporters

Who remembers the blue-or-gold dress of just a year ago? Who could forget?! For some, the photo clearly showed a blue & black dress, while others viewing the very same photo saw a dress that was plainly gold & white.

For the record, I see a dress that is sparkling gold and white. Although it appears to be shot under a harsh bluish-white spotlight, I can’t fathom that anyone with an eye and a brain perceives any blue in the material. blue_or_gold-sRevisiting this Internet phenomenon a year later, I just don’t see it. And black? Where is there any dark fabric? Is it the gold part or the white part? It’s just not there!

…And so it is for a presidential candidate. Who among us sees Donald Trump as anything short of a contemptuous, sexist, and bigoted buffoon—one who is incapable of keeping a dirty or hurtful thought to himself?

To be fair, I have no way to gauge Trump supporters, because I have never met one. Seriously—even with a sweeping lead in every presidential poll—I have yet to actually meet and talk with a real, live Trump supporter, or at least someone who admits it. But, I am not in denial. I listen to poll results. I read. I believe that the pollsters know their art. They can’t all be wrong. Clearly, a great many people want Trump to be our next president, and so—I assume—that many of these same people respect Mr. Trump.

But here, too, I see Mr. Trump differently. It’s a difference as stark as the different ways people view the dress. I imagine that Trump supporters revere his presence, his demeanor and his moral authority. They share his vision. I sense none of these things.

Anyone reading this Blog during the 2016 US presidential campaign hardly needs a Trump tutorial. I suspect that WildDucks have already made up their minds concerning The Don’s demeanor. But what about readers who come across this article in a century or two. In the interest of historical perspective, let’s review Mr. Trump’s recent comments about Mexicans, Senator John McCain, Carly Fiorina, Hillary Clinton, Rosie O’Donnell, Megyn Kelly and some of the female contestants on his former TV show.

[About Mexican Immigrants]
They’re bringing drugs, they’re bringing crime. They’re rapists…”

[About John McCain]: “He’s not a war hero. He’s a war hero because he was captured. I like people who weren’t captured.”

But, above all, Trump has serious issues with women. Perhaps a past wife cut off part of his manhood. After all, he has contempt for anyone with different plumbing. Here are some of his thoughts. I have verified each quotation below. If any of the links have expired, these Trump-isms can be verified with a Google search…

Megyn Kelly[About Megyn Kelly]:
“There’s blood coming out of her eyes. There’s blood coming out of her…wherever!”

(Confronted with this crude statement, Trump insisted that he was not referring to menstruation. He said that he meant to say blood was coming out of her ears).

He also called Ms. Kelly a bimbo, a 3rd rate reporter, a lightweight and “not good at what she does.” This week, Trump said that he “might be the best thing that ever happened to her,” because no one had ever heard of her before the August debate.

[About Carly Fiorina]: “Look at that face! Would anyone vote for that? Can you imagine that, the face of our next president?!…I mean, she’a a woman, and I’m not s’posedta say bad things—But really folks; Come on! Are we serious?!”

Fox & Friends confronted Trump about these particular remarks, in this follow up interview. Trump stated that he was talking about her persona and not her looks, but then he complained that no one stands up for him when someone criticizes his hair

[About Hillary Clinton]: (after Mrs. Clinton used a bathroom during a break).

“I know where she went—it’s disgusting, I don’t want to talk about it. No, it’s too disgusting. Don’t say it. It’s disgusting.”

Seconds later, apparently practicing his Yiddish, Trump exclaimed that Mrs. Clinton doesn’t have a chance of beating him, because “She got schlonged by Barack Obama” (referring to Clinton’s defeat in the 2008 democratic primary). ‘Schlonged’ means ‘screwed’ (if you can turn an anatomical organ into a verb), but the word describes the literal act, rather than employed as a euphemism.

Rosie-O-Donnell-s[About Rosie O’Donnell]: “Rosie O’Donnell’s disgusting both inside and out. Take a look at her, she’s a slob. She talks like a truck driver; she doesn’t have her facts; she’ll say anything that comes to her mind.”

[About a contestant on his TV show]:
When Trump was told that Celebrity Apprentice contestant Brande Roderick had gotten down on her knees and begged not to be fired, Trump looked toward the young woman and said “Must be a pretty picture—you dropping to your knees.”

Do respected, national leaders ever use such language or hurl hurtful remarks? Perhaps. I suspect that most anyone has uttered a flippant remark, perhaps in the midst of anger, booze or emotional turmoil. But, if Ronald Reagan or Jimmy Carter ever used this type of language, you can bet that it was occasional, among a very small group of friends, and with an expression of profound regret soon after. But not Donald. Each time he opens his mouth, he inserts a foot, and then he doubles down and chews on the entire shoe.

Are these the words of an executive or a politician in public discourse? Are they the words of any adult with respect for others or any semblance of self-control? Of course not. They are the words of a hysterical donald_j_trump-schild who is trying hard to assert stature on a playground. It seems incomprehensible that an individual running for high office would spew such taunts and potty humor on live television. Does he have any brain? –any conscience? –any internal mechanism of guidance or control?

This leaves me with a rather obvious question: What are the demographics of Trump’s sweeping lead in the GOP primary polls? Did they forget to poll women or anyone who respects women? Perhaps women who support Trump don’t mind that their blood and stool are staples of his redneck political rallies . Honestly—I wish someone would explain this to me.

Today, Fox Media claimed that Corey Lewandowski, a Trump campaign manager, threatened Fox News anchor, Megyn Kelly. A “threat” would be unacceptable, of course, but I call it bullying. Bullying is worse, because a threat, in this case, would be hollow—a presidential candidate cannot really hurt a journalist—but, bullying shows Trump for what he is—a misogynistic jerk.                                Continue below image…

Trump Campaign Bullying

I am certain that Lewandowski is echoing his boss’ words. After all, Trump has attacked Megyn on camera. Why? Because he can’t control her questions. He wants control over content and spin, but most importantly, he wants an absence of powerful women in his field of view. He has stated it clearly: He is more comfortable with them on their knees.

As Donald Trump said himself, “Seriously Folks. I mean C’mon! Are we serious?! We can’t continue to be nice, folks!”

Of course, that remark relates to his intentions for China and Mexico. Somehow, he believes that they will send a great deal of factories and jobs back to America and then help us to build a wall so that their drug peddlers and rapists can’t get in to steal those jobs. (This is the central tenant of his entire campaign).

But that statement about voters “getting serious” precisely expresses my sentiments about Trump’s popularity as a political candidate. I can only hope that it is a bad dream, a joke, or transient. Just as NBC and Univision dumped The Don after he spewed forth xenophobic venom toward Mexicans, I wonder when Republican voters will dump Donald for a more credible candidate—Marco Rubio or Chris Christie, perhaps? If Republicans don’t wake up to Donald, like they did to Sarah Palin, voters in the general election will do it for them. Hillary Clinton is a lot more credible that Donald Trump! She is smart, experienced, just as strong as Donald. Most importantly, she doesn’t assault detractors or insult voters.

Conclusion: More of a question than a conclusion

Concluding that Trump is sexist and a jerk isn’t just my opinion, it is the opinion of every mainstream media outlet, every independent pundit, every former contestant, most journalists and political analysts, and many of his friends.

Sure!—it’s fun to buck the expected and the mainstream; it’s fun to toss polite behavior to the wind…just to shake things up once in awhile. But when a grown man wallows in a world of potty humor and misogynistic rants, one eventually wonders just who are his proponents? trump_on_playgroundFrom where does he rally a commanding lead in every poll? Are they all dunces?!

_____________

More Trump TV insults

  • Trump hosted The Apprentice , a US television series for 14 seasons. During that long run, he threw a stream of invectives at at guest contestants—calling them, alternatively, slobs, pigs or just plain disgusting.
  • In a New York Post interview, contestant Mahsa Saeidi-Azcuy explained that Trump asked male contestants to rate female contestants based on their looks.
  • The Post also reported that Trump made one female contestant come around the board table and “twirl around”. Apparently, he wasn’t satisfied with boobs—and decided to gaze at her butt.
  • The Washington Post reports that Trump told one contestant “I bet you make a great wife.
  • Trump’s crudest remark was to a contestant after being fired from his show. When a producer explained to Trump that she begged on her knees to remain on the show. He said to her: “Must be a pretty picture—you dropping to your knees.”

Donald Trump exhibits a threat response to almost anything: people with less money or fewer votes, anyone who is educated, articulate, or who disagrees with his opinion, and especially confident or empowered females. He cannot keep his thoughts to himself, no matter how crass or off-topic. He attacks opponents based on any perceived slight.

 NBC and Univision decided not to air the Trump-owned Miss Universe Pageant. Macy’s dropped his signature clothing line. New York Democratic Mayor Bill de Blasio has ordered a review of Trump’s city contracts, and NASCAR moved an annual banquet from the Trump National Doral resort in Miami.

—All that backlash was the result of just one of Trumps off-color remarks.

Related:

Iran’s swift processing of US sailors. Why the outrage?

Last week, the Iranian Revolutionary Guards Corps [IRGC] captured, processed and returned two US Navy boats along with 10 sailors. Apparently, one boat had engine trouble and drifted into undisputed Iranian territorial waters, while sailors on the other boat were preparing to assist. The incident began just two hours before President Obama’s final State of the Union Address and just days before the lifting of US-led sanctions on Iran and the return of billions of dollars in frozen assets.

There has been an incredible outcry—especially from anyone who opposes the Iranian nuclear deal and Republican presidential hopefuls—all of them campaigning on an anti-Obama platform. sailors_on_knees-01These individuals insist that the US has nothing to apologize for and that Obama should have retaliated for the humiliation directed at the sailors. They were disarmed and briefly forced to kneel down with arms folded over their heads.

Others have pointed out that airing videos of the sailors in a submissive posture and broadcasting one sailor explaining that their treatment was excellent and that the territorial incursion was accidental—including the words “We apologize for that”—was a further sign of a weak and ineffective president.

Like anyone viewing the Iranian video, I cringe at seeing US service personnel in a submissive posture. But, I wonder on what planet the disarming of soldiers illegally entering a territory on the military boat of a foreign power constitutes an unreasonable response? sailors_on_knees-02With the exception of the video broadcast (it likely violates the Geneva Convention), there is absolutely no evidence that the Iranians were harsh or that the American response bears evidence of a weak US president.

Sure. The sailor’s apology should have been issued or cleared through his military command. It may have been coerced or a tacit condition for his release. But, let’s face it…If the Navy boat was truly adrift (that is, it was not on a mission to gather intelligence or to land and disembark), then it is fairly obvious that the staff would be sorry for the incursion, even if it was an accident or unavoidable.

I get that we are in the midst of a presidential campaign and I get that the Republican candidates are jumping over each other to demonstrate which among them is the supreme Anti-Obama. But c’mon guys! This isn’t rocket science…

  • These sailors drifted into hostile waters
  • Whether or not it was intentional, they certainly didn’t intend to be intercepted
  • Interception by an adversary is a reasonable procedure. It is expected!
  • Using a show of force to disarm foreign sailors and requiring them to sit still is a reasonable way to ensure everyone’s safety
  • Iran neither demanded nor expected concessions or payment for the release of these abu-ghraib-sservicemen
  • The sailors were believed and they were not forced to divulge military information
  • At no time were the sailors treated like we have occasionally treated prisoners at Abu Ghraib
  • The sailors were fed, processed and released within 14 hours to a foreign power; one with which Iran has grave misunderstandings and a hostile relationship.

How often does an enemy treat the military personnel of a foreign antagonizer with such deference and respect. especially after a suspicious incursion? (Yes! respect—even though they were made to briefly kneel down and surrender their weapons). Again, I ask: On what planet is this a bad outcome? On what planet would the initial event be unworthy of an apology?

This is not a partisan analysis nor a pro-Iranian perspective. My request to the US presidential candidates: Please grow up! I realize that Donald Trump cannot suddenly become mature, but to the other Republican candidates, I humbly request a semblance of truth and balance. Please suppress the urge to assert American exceptionalism or to characterize reasonable events as if they are the result of poor leadership.

Ellery Davies is editor at A Wild Duck and an occasional political wonk.

Ex-NSA Boss says FBI is Wrong on Encryption

What happens if the National Park Service fences off scenic lookout points at the Grand Canyon’s south rim near the head of the Bright Angel trail? Would it prevent the occasional suicide jumper? Not a chance. (The National Park Service tried this in the mid 1980s). People will either gore themselves on fences and posts or they will end their lives on the road in a high speed automobile, putting others at risk. Either way, tourists will be stuck with looking at the North Rim and the Colorado River through prison bars.

Let’s move from analogy to reality. What happens if you jam cell phone signals on tunnels and bridges. Will it stop a terrorist from remotely detonating a bomb? No. But it will certainly thwart efforts to get rescue and pursuit underway. And what about personal encryption?…

Gadgets and apps are finally building encryption into their wares by default, although it is always safer to use a VPN too, such as those designed by 25pc, to give you extra peace of mind. These are highly beneficial for individuals who want to protect their data, but does a locked-down iPhone or the technology that businesses use to secure trade secrets and plan strategy among colleagues enable criminals? Not even close. But if the FBI criminalizes encryption, they cripple the entire American economy. After all, the Genie is already out of the lamp.

Bear with me for just one more analogy (I’m still reaching for the right one): Criminalizing kitchen knives will make cooking impossible and the criminals will still have knives.

A Wild Duck has not previously linked to a media article. I am proud of our all-original content and clear statement of opinions. But in this case, I could not have said it better myself. (Actually, I have said it this all along: End-to-end encryption is a good thing for government, businesses and individuals alike. It is communications and storage empowerment.)

With this article, you will see that the former NSA director gets it. The current FBI director hasn’t a clue. Ah, well…That’s OK. Some concepts are subtle. For some politicians, an understanding of the practical, personal and sociological implications requires decades of exposure and post-facto reflection.

Memo to FBI director, Jim Comey: Get your head out of the sand and surround yourself with advisers who can explain cause and effect.


, Jan 13, 2016)encryption

Encryption protects everyone’s communications, including terrorists. The FBI director wants to undermine that. The ex-NSA director says that’s a terrible idea.

The FBI director wants the keys to your private conversations on your smartphone to keep terrorists from plotting secret attacks.

But on Tuesday, the former head of the U.S. National Security Agency…

Read the full article at CNN Money
http://money.cnn.com/2016/01/13/technology/nsa-michael-hayden-encryption/

What is a Blockchain?

This short post is not about Bitcoin. It’s about a new method of organizing and arbitrating communications that is at the heart of Bitcoin.

We hear a lot about the blockchain. We also hear a lot of misconceptions about its purpose and benefits. Some have said that it represents a threat to banks or to governments. Nonsense! It is time for a simple, non-political, and non-economic definition…

What is a Blockchain?

A blockchain is a distributed approach to bookkeeping. Because it opens and distributes the ledger among all participants, it offers an empowering, efficient and trusted way for disparate parties to reach consensus. It is “empowering”, because conclusions built on a blockchain can be constructed in a way that is inherently fair, transparent and resistant to manipulation.

This is why blockchain-backed systems are generating excitement. Implemented as distributed and permissionless, they take uncertainty out of accounting, voting, legislation or research, and replace it with trust and security. Benefits are bestowed without the need for central authority or arbitration. The blockchain not only solves a fundamental transaction challenge, it addresses communication and arbitration problems that have bedeviled thinkers since the ancient Egyptians.

Related:

—Ellery Davies, CRYPSA Co-chair
Cryptocurrency Standards Association

Will Bitcoin End the Reign of Government?

When my daughter was just starting primary school, she would look inside a book for the pictures before reading the text. She was old enough to read without pictures, but she wanted to get a quick synopsis before diving in. “Look, Dad! a bunny is carrying a giant clock into a rabbit hole.”

White Rabbt-01This is my first article without pictures. At least none of Bitcoin, because the copper coin metaphors are tired and inaccurate. At the user level, owning bitcoin is simply your stake in a widely distributed ledger. Ownership exists only as strings of secret code and public code. There is no physical coin.

Since the only pictures in this post show a white rabbit with a big clock, let me give you the quick synopsis: The answer is “No”. Bitcoin will not end government, nor its ability to tax, spend—or even enforce compliance.

But there is an irony: Most lawmakers and regulators have not yet figured this out. They perceive a great threat to their national interests. That’s why Andreas M. Antonopoulos runs around the world. He briefs prime ministers, cabinets and legislators with the noble purpose of demystifying and de-boogieing Bitcoin.

Does Bitcoin Help Tax Cheats?

As the original Wild Duck, I tend to be perceived as a Libertarian. (It’s a label of which I am not all together comfortable—but I like that it places my ethos far from the ‘Tea Party’). While I hope that my government doesn’t believe fear is a necessary motivator, I understand the need for taxpayer reporting, measurement and compliance. After all, it’s human nature to dislike paying taxes. Many individuals dodge taxes, if the perceived risk of being caught is low. Sociologists also point out that people are willing to cheat a system, if they perceive it to be sufficiently big or impersonal—i.e that their individual contribution is meaningless.

[ASIDE]: For this reason, Akamai Technologies ends their free-soda-&-snack policy whenever an office grows beyond 30 people (I learned this during a job interview a few years ago). People who would normally respect the policy begin pocketing free sodas for their home or friends, if (a) they no longer know everyone, or (b) they perceive the extra burden is just a drop in the corporate bucket, and not a burden on their office peers.

I suspect that most early proponents of Bitcoin are partially motivated by a desire for low taxes and privacy. While I don’t feel that these individuals are bad for the cause (after all, I am one), I feel that it is unfortunate that they appear to be the overwhelming majority of users & supporters. Let’s dismiss, for the moment, the fraction of voices that want to completely end government and taxation…If you believe in any taxes at all, then government needs compliancy mechanisms, including methods that measure, verify and ultimately arbitrate or prosecute offenders. (Don’t blame me…I’m not even the messenger here. Just an observer).

My point is that in their effort to control a country’s monetary supply (and the interbank loan rate, etc) and in their effort to ensure taxpayer compliance, a great many governments view Bitcoin as a threat. In the past, I felt that my job was to evangelize the public on the benefits of cryptocurrency, and to a great extent, that’s what CRYPSA is all about. But in recent months, I have become confident that Bitcoin will become ubiquitous. It doesn’t need me to be an evangelist. The freight train is now rolling downhill. But…

Andreas Antonopoulos-01s
But as an engineer, author, speaker and occasional consultant, I have found a new calling. Like Andreas Antonopoulos (my idol), I have found a calling in de-boogieing Bitcoin to lawmakers and regulators. I demonstrate that (a) cryptocurrency represents far more of an opportunity than a threat to a national interests, and (b) the future is coming at ya’.
So, either: Stand pat; Get out of the way; or Hop on!

I can give an audience filled with old-school conservatives compelling reasons to “hop on”. Ultimately, blockchain technology coupled with true, permissionless, p2p transactions will shake up established mechanisms and enforcement protocols. They will force new ways of thinking. But cryptocurrency will not end the reign of government—nor even end the ability to tax, enforce and spend. It will simply change the way they do these things. It will also change the way we conduct polls, vote, arbitrate disputes, perform scientific research and much more.

Bitcoin and the blockchain are not just technologies. They transform the way in which many tasks are performed. But it’s not just about efficiency. These technologies offer mechanisms to level the playing field. TWhite Rabbt-02hey bring fairness and representation to processes that were opaque and perhaps even relied on the excuse of opaqueness.

Ultimately, Bitcoin may render certain government departments redundant. Nations will begin to question their need to directly control monetary policy. The impact at the department level is no reason to fear Bitcoin. Overall, it represents great opportunity and not a threat. In my opinion, the changes will benefit everyone.

Bitcoin is not an us-against-them instrument. It is win-win. Of course, perception counts. Misunderstanding potential and confusing it for a threat is a fundamental problem. Wild Duck and CRYPSA share a passion to help make it a very short-term problem.