I've already crossed the line into finance talk, so....
if this is the dawn of a new currency,
the residual income could make your participation 1K to 1M per hour.
That's the hindsight 20/20 blogger talk Paul uses.
Jay Angler wrote:
1. Without some sort of insulation under the "floor" that extends and connects with the foot print of the "dirt umbrella" over the house, all that heat that's been stored over the summer, will still dissipate fairly quickly until the structure is at the typical "5 ft below ground local temperature" which around here is quoted at about 55F. That's too cold for most people to be comfortable unless they're active, and too cold to warm up easily if they've been outside and come in cold and wet.
Respectfully, I have chosen not to model some of the layers because of time. I will be happy to wrap all components up when/if finalizing.
Mike Jay wrote:So if the value can change so dramatically, it seems like a combination of a risky investment and a currency system. I know national currencies fluctuate relative to one another but that's based on GDP and other normal-ish economic indicators. If the money in my pocket went up and down by 100's of percentages over the course of a year, I'd consider it more of a risky investment than I would a means of currency.
The value is decided “by the market”, and this system is new and improving.
If I may return to the digital real estate analogy: the online bubble popped and returned strong. People started focused tech careers there.
Where we are now: You can have a wallet in your internet browser and/or cell phone. Bitcoin and most other coins just had a bubble. People are starting careers.
Mike Jay wrote:Ok, so US dollars are backed by the "full faith" of the US government. Which consists of billions or trillions of dollars worth of assets and a strong incentive to keep the economy and financial systems running.
Trust is needed.
Mike Jay wrote:It sounds like bitcoin is backed by the "decentralized consensus" of the world via their commitment to a virtual currency. I guess I'm not seeing how there's any actual value to support it. Other than the value people believe it holds on a given day. If enough people think it has value, then they trade it and are happy. But if people suddenly lose faith in it, doesn't the value drops dramatically overnight?
Yes. But the same goes for countrys’ monetary systems. Bitcoin’s USD value is up 1000% since summer of 2017.
Mike Jay wrote:Or is it that in order to acquire one bitcoin, you pay XXX actual dollars into a kettle. Then you have a bitcoin that you can trade. The dollars that someone is keeping in the kettle are the support for the system. So as long as you trust them, it's all good?
No. There are crypto currencies that are a one to one with USD, but bitcoin is not.
Mike Jay wrote:What's the value/backing behind a cryptocurrency?
To me, the most eye-opening statement would be: "Digital real estate." For example: Paul rents "permies.com" and "richsoil.com" from a world-wide consensus. I do the same for my website domain. There are a finite amount of domain names that are appropriate to consumers as we progress. Some name like "smoke.com" has become worth millions of USD.
Mike Jay wrote:could you dumb it down a bit further?
There are a lot of computers.
There is a fixed amount of digital coin.
We trade those coins for whatever purpose.
The computers make that transaction a 'consensus'.
The computers take a small fee for their work.
Equivalent: If I gave a cashier a dollar bill, the computers would show that dollar's code number go from me, to the store.
As of now, bitcoin's digital coin could be used for anything.
The digital coin is digital space on the bitcoin system.
Equivalent: Digital real estate like website domain names.
Some people say bitcoin is a first-generation experiment.
What governs bitcoins, or how a bitcoin works, could be more adapted to being a currency specifically.
Richard Heart is trying to make a currency in bitcoinHEX.
Chris Kott wrote:Could you perhaps tell us a bit more in layman's terms?
I feel like you are joking. But thanks for the challenge... from what I am witnessing, people are confused about the value associated with communal digital ledgers. Since bitcoin's creation, other coins have been created. Good projects are attempting to be unique, but many are falling short of that, and are looking like frauds instead. When making a coin, the coin needs a base system to run on. For bitcoinHEX, that base is Ethereum. BitcoinHEX will fork (split) from the bitcoin ledger (tables/wallets), which means it will divide it's ledger (tables/wallets) the same, to start, which makes full adoption more appropriate to current bitcoin holders. BitcoinHEX will wrap up the current concerns about bitcoin being a currency, and run on the Ethereum platform.
I feel like I just got out of prison (for lack of better wording).
I was a great athlete in high school, and very capable.
But after I sacrificed my life to college subjects,
my family inherited back issue started limiting my dreams and outlooks.
I pushed against limitations I felt inside my body - by working out and running.
After college, I worked long hours at a computer (in a good chair) to better my financial outlook (while listening to Paul's podcast).
Eventually, I was in a soccer game, made the wrong move, and fell to the ground - breathless for a moment.
Chiropractor enters the scene, and I am spared from extreme pain from back misalignment.
I felt restricted from life - I must stay in the vicinity of my chiropractor because rehab isn't working.
I started gardening, and things continued the same way - I would reach a point where I must see the chiropractor.
I see gardeners to the left and right of me quit, or in one case die, due to back related problems.
Every day was decided by how my back felt in the morning.
I tried working in construction - nope said back.
I tried working at a machine shop - nope said back.
Carry a girl your weight - nope said back.
I start noticing how sensitive I was to food. The better I ate, the better I would feel, but this was temporary.
This feels like playing home-run derby, but when you hit it out of the park, the best you can feel is OK - everything short of that, sucks.
Eventually, things got so silly - acute.
I sought spiritual help.
Answers came because my mind had changed.
I visited my parents' home and ask my dad to tell me all the details of his back surgery of when he was my age. (I asked him about my sister's surgery too). I found that I had misunderstood my inherited back issue.
One day later, I started breaking out of this false prison.
I now squat into my own footprint for about 10 minutes each day. - also put a downward dog and cobra pose in there. (and a cold shower cap-off)
I feel this information could turn a person's life around because it has mine.
This guy, Richard Heart of Australia, is building an interest feature into his 'bitcoin fork'. I believe this is new and different than other crypto-currencies. I believe that if people are looking for a "currency" when they look to crypto, this bitcoin fork will get straight to work.
Because it's a fork, bitcoin holders may claim their coins.
Check it out, and please use this referral link to claim your coins: bitcoinHEX.
This "Topic" has turned into a "Wofati Prototype"; mainly because of my lack of on-site access to wofatis at Wheaton Labs.
When I last visited Wheaton Labs (Summer of 2017), Paul reviewed my (Winter of 2016) YouTube video presentation (found in thread above).
Now, I am revisiting the subject.
Paul's notes, as I recorded them, are as follows:
1) Posts need to go 6' deep. Tractor forced. Small amount of gravel below.
2) Base level should be dug in low. The Finished Floor (F.F.) should be higher. So that steps on up-hill side are not needed. Instead, you would exit and progress downward. This would, in theory, allow post bottoms more separation from water shed of mountain.
3) Widen opening; (making it more round?) Allowing more light in.
4) Duff layer on the wing walls may become an infestation problem, maybe "slip straw" instead?
5) (He) would like for the up-hill wing walls to open out more. Allowing more light in.
6) Instead of a shed roof, make a flat roof, and allow the lowest layers of back-fill soil to slope the membrane for water shed.
Mark Kissinger wrote:Where does the water go? Is there any way to reclaim the moisture?
The moisture joins the air in the dehydration cabinet, and escapes out the back top opening.
Inside the dehydration cabinet, the moisture tries to equalize, but is never able, because the air continues to move out as new air comes in.
This unit is not concerned with capturing the moisture and containing it. Maybe install an air-well elsewhere to grab moisture from air, or add this moist air to other moist air so it will drop/sink somewhere, but not here. This is not in the scope of our project. If dehydrators can not perform there purpose fast enough, the moisture will cause the food to spoil.