Can Bitcoin - Enabled Smart Contracts Renew The Role Of Trust In A World Ruined By Too Many Lawyers, Too Many Laws and Too Many Loopholes?

Will Bitcoin Destroy Lawyers? Can Bitcoin - Enabled Smart Contracts Renew The Role Of Trust In A World Ruined By Too Many Lawyers, Too Many Laws and Too Many Loopholes?

Bitcoin – along with a growing number of similar cryptosecurity systems such as Ethereum3 -- is a series of algorithmic protocols which use mathematical proof to verify and secure data. Its ability to provide for the strongest, most verifiable proof of ownership with which to facilitate fast transfers of information and assets lends itself to other applications where the need to involve and trust in a third party (and the risk of third party negligence, malfeasance or failed performance) can be reduced or eliminated.

This gives Bitcoin a much wider potential than the almost exclusive conception of it – among the sliver of people who have even heard of it – as an electronic currency or the latest hope of anarchists and utopians who dream of a world run by benign computer code, anything other than bad men.

The Internal Revenue Service is one of the few government agencies to even acknowledge Bitcoin but does so only to conceive of it as an alternative, unofficial currency alternative, labeling it in recently issued guidance in March 2014 as “virtual currency” as to which it is to be taxed as property.

For More: Will Bitcoin Destroy Lawyers?

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Create Real Wealth | Intense Competition | Wealth Destruction

Let me keep you give you my 2 cents…. and allow me to be as blunt as I can. Political correctness is not and has never been my forte.+

1. Don’t be delusional. You need to see reality as it is first, not as you would want it. Most people do the latter and plan and live by wishful thinking. It is a fact that the vast majority of people want to LOOK rich, not BE rich. The two are opposites: the first requires spending money, and the second requires saving it.

Don’t pretend to do both. Most importantly, know your probabilities and statistics. Lotteries are statistically the same as burning your money, as far as your profit is concerned. You’re probably more likely to slip and crack your head open, die in a car accident, drown, or be murdered TODAY than EVER make big money as a novelist or artist.

Read More: Intense Competition and Wealth Destruction

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US Founding Fathers be Proud of the Vastness & Strength of the United States

I believe the Founding Fathers would surely be proud of the vastness and strength of the United States, but they would be strongly disappointed with how we've come to interpret the Constitution. 

Furthermore, they would be even more disappointed with the fact we have created a central bank that artificially foments growth and debases our currency through fraudulent monetary policy. 

The Framers warned about our country and capitalist structure suffering from a central bank that purposefully imbalances the market in order to create phony credit and fake booms in the business cycle. 

The size and scope of the federal government, the incredible power of the Federal Reserve, and our empire overseas all would be considered perversions of the U.S. Constitution.

Read More: What would our Founding Fathers think if they were alive today?

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10 Reasons Why You are Not Rich

American novelist and homespun philosopher Mark Twain noted one day that a person can lie with the numbers but the numbers don’t lie.

The rich have most of the money. That’s why they are called “the rich.”

So why is this super class of people rich? Most importantly, how do they really think and act differently from the great majority of people with identical levels of education and smarts?

Having spent a lifetime working with the “super rich” I thought I’d share with you some thoughts which I believe you’ll find in a few instances surprising.

For More: Why You Are Not Rich

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10 Tips to be Billion Dollar Entrepreneur | Successful Entrepreneurs Tips

I meet with hundreds of entrepreneurs a year…from the smart operators to the ones as dumb and conceited as a rock to the real “game changers” out to change the world.

Given my extensive experience dealing – as a financier and entrepreneur myself – with the gamut of entrepreneurs out there, I thought I’d share with you those 10 priceless tips as to what it really takes to be the Billion Dollar Entrepreneur you aspire to be.

1. Be Yourself – Because you can’t really manipulate yourself into success with personality tweaks or even major overhauls. In fact, it’s just the opposite. The most powerful thing you can do is be real.

As in not phony. As in grappling, sweating, laughing, and caring. As in authentic. Think of authenticity as your foundation, your center, and don’t let anyone try to wring it out of you, subtly or otherwise. Billion dollar entrepreneurs are rarely politically correct. They are mavericks with a mind of their own.

For More:  Do you have what it takes to be the Billion Dollar Entrepreneur you aspire to be?

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3 Habits of Smartest People | Things What Intelligent People Do

One of the best quotes I’ve ever heard: “Stupid people do stupid things, smart people outsmart each other”.

I guess the message here is that a lot of ‘smart’ people spend most of their time trying to impress their own peer group (that being other smart people), rather than actually doing something of value.

I’m constantly hearing the smartest people saying about an idea or technology “That’s already been done”; missing the point that /how/ it’s done or /who/ it’s targeted at that would turn it into a billion-dollar business or product.

If these smart people focused on the 98% of non-gifted/non-genius individuals out there, they’d find it a lot easier to impress, deliver value and ultimately be financially successful than by trying to impress people who already know everything.

For More:  Stupid people do stupid things, smart people outsmart each other

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What is your purpose in life?

I used to ask myself this question every day. I think I have finally figured it out after many years of soul searching…. Here are my thoughts. Would equally appreciate yours.

As we all know today, it is a cardinal sin to reason without sufficient data – In today’s world, if you are young, you have had hardly any time to explore anything very much apart from school work.

The little time you have before puberty hits with its own distractions, gets ground down in the relentless cycle of school and continuous adult supervision/micromanagement.

It’s never too late to choose your essence, or yourself, although if you are older, you will have to be much more patient in order to progress.

For More: What is your purpose in life?

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Thinking Big Become a Game Changer to the Truest Sense of the Word

In an age of diminished expectations where the majority of people are today happy to have a job, a roof above their head or a few dollars in their bank account for rainy days or retirement, don’t you wonder what does it really take to “Think Big”, rise above the pack and become a “game changer to the truest sense of the word?

As they say “There is no off position on the genius switch”….. Commensurately, I believe there is none on position either.

The ability to “think big” most likely comes with passion for something….but it also comes from having the insight, intuition and drive to influence something through superior insight.


For More Read: Thinking Big Become a Game Changer to the Truest Sense of the Word


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What can I do to best help you monetize your skills and network?

Folks,
First off, thank you for being part of my social media “inner circle”…. You are in here because we have much in common and I always appreciate your insight.

As we’re entering the latter part of the year, I thought I’d share and explore with you ways I can best help you “monetize” your skills and network and see where we go from there.

Basically,

I am one of the Founding Partners, President & CEO of Blackhawk Partners, Inc. a private “family office” that is in the business of originating, structuring and acting as equity investor in management-led buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings, and trading key physical commodities

Fore More: What can I do to best help you monetize your skills and network?

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What I want for Christmas is the Truth

I consider myself a seeker of truth. It isn’t easy finding it in today’s’ world. In an alternate version of the famous scene from A Few Good Men, I picture myself telling Fed Chairman Janet Yellen that I want the truth and her truthful response would be:

“Son, we live in a world that has Wall Street banks, and those banks have to be guarded by puppet politicians in Washington D.C. with lobbyist written laws and Madison Avenue PR maggots with media propaganda.

Who’s gonna do it? You?

I have a greater responsibility than you could possibly fathom. You weep for the average middle class American family, and you curse the ruling oligarchs. You have that luxury. You have the luxury of not knowing what I know. That the death of the American middle class,
More: All what I want for Christmas is the Truth

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Starting Business in Qatar | Qatar Investment Opportunities

Things are looking up in Qatar; not only the skyscrapers rising from its desert sands. Index provider MSCI recently announced it would reclassify Qatar from frontier market to emerging market status.

The most significant potential benefit of this reclassification could be the dose of added confidence it will give investors.

I think Qatar’s future looks very bright for a number of reasons.

For ease of doing business, Qatar is one of the best in the region.

1.  The World Bank’s 2014-2015 Global Competitiveness index ranks it 16th among 189 countries in this regard. Qatar is a member of the Gulf Cooperation Council (GCC), along with Bahrain, Saudi Arabia, Oman, the United Arab Emirates and Kuwait, a grouping which I believe could surprise on the upside in terms of growth rates in the years ahead.

Read More: Qatar: A Powerhouse in the Making

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Pick the Right People / Employees to Your Company

here is nothing more important for a business than picking the right team.

If you get the right mix of partners assisting you building your company, you have a far greater chance of building a real “powerhouse”.

So how do you find those people?

The first thing to look for is somebody with a personality that fits with your company culture. Most skills can be learned, but it is difficult to train people on their personality. If you can find people who are smart, ambitious, fun, friendly, caring and love helping others, you are on to a winner. In my experience, the best way to find those players is to work with them on live transactions first.

Everyone looks good on paper; you need to see though what’s in your potential partners’ belly behind the “mask” and most importantly how they operate in the trenches before putting them on the front line waging war with you. Remember Lincoln? “Nearly all men can stand adversity, but if you want to test a man’s character, give him power”.

Read More: Blackhawk Partners Team - Super Smart Mavericks

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James Woolsey - Threading Our Way Through Today's National Security Chaos

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Defeat ISIS - Strategies to Defeat ISIS | News on ISIS

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Geopolitical Impact of Lower Oil Prices – A Personal Assessment

It is a fact that the US has increased its production of oil quite dramatically over the last two to three years. It has actually increased it by the size of the Organization of the Petroleum Exporting Countries (OPEC) members or about two and a half to three million barrels per day.

So we are sitting today on around nine million barrels per day, which is third only to Saudi Arabia and Russia.

I believe that growth is still going to be happening, even if the oil price stays in the $80 to $90 dollar range it is right now.

There is indeed still a lot of production that is still going to be quite profitable in the United States and there is still going to be drilling.

We have actually seen the rig rates in the United States kind of stay the same and that is really going to keep continuing to drive, maybe even adding another million barrels per day by the end of next year, which I believe will continue to add pressure on oil prices.

Read More: Geopolitical Impact of Lower Oil Prices – A Personal Assessment

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President Obama has not offered a cohesive strategy for fighting ISIS

It is clear to anyone with a half brain by now that President Obama has not offered a cohesive strategy for fighting ISIS. Since 2010, his determination to disengage from Iraq and Syria was evident in his refusal to assist the Free Syrian Army and keep U.S. forces in Iraq beyond 2011.

He has partially reversed his stance following the August 2014 beheadings of American journalists James Foley and Steven Sotloff.

Further, the U.S.-led air strikes have not shaken ISIS’s stranglehold on Syria and Iraq as it closes on Kobani and Baghdad. Obama’s lack of resolve was evident from the start when he ruled out sending U.S. ground troops to tackle ISIS.

Read More:  President Obama has not offered a cohesive strategy for fighting ISIS

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