Category Archives: We Grow Bitcoins

Bitcoin Technology – A Modern Way out of Babylon?

FIRST: Dr. William Bailey is serving 41 months for tax evasion and is awaiting his appeal lodged before the United States Court of Appeals for the Ninth Circuit. I will keep you posted of any significant changes. His appeal may not be resolved until later this year (2017) or early in 2018.

SECOND: I have delved deeply into the Rabbit-hole of Bitcoin technology, have invested several thousands of my own meager funds into it, and believe that it has the potential to enable People of modest means to boot-strap themselves from poverty or near-poverty into a sustainable lifestyle. See this remarkable 37-minute video:

I have enrolled in three (3) joint-crowdfunding ventures to gather as many Bitcoin as possible and to be able to help other do likewise. “What we can’t do alone, we can do together!”

FundMyCause: the “granddaddy” of them all, I believe, and very well explained at this LINK. If you have further interest in FMC, please contact Jim Jarvis at (Cell 503-504-2943 Oregon)

[I have culled my email list of anybody who, I thought, was involved with any of these three ventures so as not to unfairly solicit individuals who are (or should be) committed to another. If I inadvertently missed removing your email, please, unsubscribe from my email list. I take very seriously the duty to act honorably in such matters!]

The Travel Party: unbelievable amount of money to be made, if it takes off like a rocket-ship. See more here: The Travel Party Again, if interested, please contact Jim Jarvis at  (Cell 503-504-2943 Oregon)

The potential stream of income from this venture is so massive as to be “unreal” to most people. FMC is for the “needy”; The Travel Party is for the “greedy.” Of that, I have no doubt!

WeGrowBitcoins: I call this venture “baby-bits,” cuz you can enroll for free and, if you like what you see, you can fund it with about ten dollars ($10). Here’s the LINK (WGB for short)

If WGB appeals to you, please email Mark Everett at (Cell 505-860-0345 New Mexico).

My brief analysis of each venture:

FMC is the “lead-horse” of Daniel Butts, the Founder, of Canada, to be followed by Bitcoin ventures (such as The Travel Party) and other ventures introduced to span the range of needs for those interested in gathering substantial Bitcoin portfolios over the coming years.

WGB, or “baby-bits,” is ideally suited to the “super-needy” or those who just wanna put their toes in the Bitcoin waters, to see if they wanna swim with the bigger players.

There’s money to be made in all three programs. However, it takes quite a few members to generate the top-Bitcoin numbers you may see in the videos or explanations.

So, simple logic will tell you that WGB (“baby-bits”) (currently about $10 entry) may initially appeal to more people than FMC ($50) and The Travel Party ($275). However, WGB may provide a stepping-stone to bigger returns in the two other ventures. I see a place for all three venture

Apples and Oranges comparison:

If you max out the potential of each venture (and most won’t), here’s the potential:

                   Bitcoin per month                      Members required to receive Max Bitcoin

WGB:                           62                                                                   19,530

FMC                             82                                                                     8,190

Travel Party        1,150  (No, that’s not a misprint)                     88,572

The Questions One must Ponder:

Is Bitcoin here to stay? I think “Yes” or something built on the Bitcoin architecture.

Does it have the chance to increase my financial privacy? It certainly is more private than giving all your personal, identifying information to every merchant we are forced to deal with.

Will it enhance my financial security? I have no crystal ball; I cannot provide any authoritative data on that question. I, myself, have risked about $1,200, spread between the three ventures: about $800 in Travel Party, $300 in FMC and $100 in WGB (“baby-bits”). I have recovered it all and am in profit in all three ventures.

In addition, I have invested some $10,000 in Bitcoin direct, not via any venture; merely as a place to park my savings.

I’ve “covered the field”!! I don’t know which or if any of these ventures will endure. I’m pretty sure the Bitcoin architecture will remain viable over the next 25-50 years. The powers that be have almost always missed the radical changes in technology.

I believe the Bitcoin technology will radically change the world for the better and will do it in the twinkling of an eye!

I turn 77 years old on Sunday, February 19, 2017. I am as excited as a 5-year old kid on Christmas morning, eager to open the packages Santa has left under the Christmas tree.

I see kids and families in isolated villages of the world, armed with a cellphone and a solar panel getting hooked up to the rest of humanity via Bitcoin technology.

I see some enterprising youngster or oldster (like me) who is still a “kid at heart” joining a Bitcoin venture and asking people around the world, via his or her solar-powered cellphone, to fund his or her village peer-to-peer, so that the village can have clean water, that they can buy petrol to drive their sick and dying to the city for the care needed, so that the young men and young women will not be forced to forsake their tribal grounds to earn money in the cities and send half of what they earn to support the elders and infants left behind.

I believe that, if some individual in such isolated circumstances called for help in raising Bitcoin for such needs, and do it via one of these three ventures or one similar to them, every individual on my email list (over 1300) would enroll in order to help that village and its people immediately. I have no real, effective means of doing that alone. However, an army of “Bitcoiners” can do together what none of us alone is able to do.

I see millions, perhaps billions, of People eventually connecting with one another, peer-to-peer, without asking permission of their governments, without providing the “number of the beast” to earn their daily bread, and without applying for a license to do business.

Bitcoin technology is so powerful that it will ultimately change the lives of every man, woman and child upon the face of the Earth!

I hope you will permit me to provide you with an extensive quote from Andreas Antonopoulos, The Internet of Money, about Bitcoin. He “speaks to my heart!” Perhaps he will speak to yours, as well!

The Dangers of Automobiles, Electricity, and Bitcoin

Do you know what the media said about the early automobile? They ridiculed cars. They mocked cars. Cars were slower than horses. Cars broke down all the time. Cars needed expensive gasoline that you couldn’t find anywhere. They required enormous amounts of infrastructure to work. The media focused on the part of the story that sold the most papers: car accidents, pedestrians mangled by cars.

For more than two decades from the first cars, the story was that of infernal, disgusting, dirty, noisy machines that were far inferior to horses, that couldn’t go anywhere, that only weirdos would use, and that, most of the time, killed the occupants and everyone who came anywhere near them. This hysteria got so bad that in 1865 in the UK, they passed a law called the Red Flag Act.

The Red Flag Act required that any operator of a vehicle have three crew members on staff: a driver, an engineer, and a flagman. The driver would operate the vehicle, the engineer would supervise that operation (think railroads), and the flagman would carry a red flag and run 100 yards ahead of the car to warn pedestrians of the imminent arrival of an infernal death machine that was going to mow them down. Guess what happened to the UK? They lost the automobile-industry race because they saw that technology and, instead of seeing potential, they allowed fear to define their reaction. They created an environment where a car could not do the things that a car can do. If you make a car go as slow as the pedestrian who’s running ahead of it with a red flag, you lose all of the advantages of a car. If a car requires a three-person crew to operate, you lose the advantages of a car. They tried to take the car and understand it from the perspective of railroads and horses. They failed. They lost the race.

What you didn’t see in this video is that until that time, they were winning. The first really practical cars were built in England. They had already won the race in the Industrial Revolution with the steam engine. At that time, England was a powerhouse of industrial innovation. They were winning, until they decided that this dirty machine should be confined to a very limited space and set of rules. They killed the goose. No more golden eggs for them.

That is instructive because this happens again and again in technology.

When electricity was first domesticated and people started electrifying their homes, do you think the media announced, “This is brilliant! Edison’s a genius! This is going to change the world!”?

No. What they said was that this was dangerous technology that would burn down people’s homes. They ran story after story after story about people getting electrocuted, about homes burning down. Of course, you couldn’t really use electricity because it required a complete overhaul of your house. You had to put wires in your house, the wires that would burn it down. You’d have to buy special devices to connect to these wires, just before your house burned down. Only the rich could afford it.

Clearly, this was a technology that was just an affectation of the rich. It was just a plaything with no practical value. The mayor of Paris, during the World’s Fair of 1900, said, “After the fair is over, this fad of electricity will be forgotten as quickly as the lights turn off.”

Famous last words are very common in technology, words that in retrospect look ridiculous.

Like the head of IBM who once said, “I foresee a need for no more than five computers worldwide.” Like the people who said that the telephone would never succeed.

Can you guess what people are saying about bitcoin? They’re telling you that it is a technology that is weird and complicated. A technology that caters to misfits, drug dealers, degenerates, pornographers, terrorists, thieves, swindlers. . . . Of course, they’re wrong. Bitcoin is none of those things.

Bitcoin is simply a technology. As a technology, often the first use it finds is in the hands of criminals. The first cars were used as getaway vehicles. The first telephones were used to plot conspiracy. The first telegrams were used to run long-distance mail-fraud schemes and Ponzi schemes. The first forms of electricity were used to run medical hoaxes and scam people. These things always happen with a new technology, and they happen with bitcoin, too.

Why do you think criminals use technology like that? We could be moralistic about it and look at the actual reasons. Criminals use the most cutting-edge technology because they operate in an environment with very high profit margins and very high risk. In that environment, competition is fierce. Using the latest technology if you’re already taking enormous risks isn’t that big of a deal. And if you win, it gives you an enormous advantage. Throughout history, the most amazing technology is adopted by criminals first. I don’t think that’s necessarily what we want to put on the bitcoin marketing plan, but it’s interesting to look at what criminals do and how that ends up being mainstream technology a decade later. There’s a certain dynamic there.

Bitcoin is already way past its early stage and is no longer the purview of criminals. In fact, arguably it really wasn’t in the first place, despite what the media said. Now, bitcoin is hitting the mainstream and things are changing very rapidly. Today I’m going to talk about bitcoin as a technology because something very exciting is happening. Something is going to shake up our financial and banking system as much as cars shook up the horse industry, as much as oil shook up the whaling industry, as much as electricity shook up the wood stove industry. Banking is about to be disrupted. Arguably, it’s already being disrupted. In fact, by the time they figure out how serious this destruction already is, the game’s already over. That’s usually the case.

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Bitcoin Will Change the World

To sum up, Bitcoin is the most exciting technology I have seen.

I was on the internet in 1989 as a young kid. I knew it was going to change the world long before most people figured it out. I told everyone around me, “We’re going to be shopping on this. We’re going to do banking on this thing.” People’s reactions were quite predictable: “Yeah, Andreas, go do your homework, clean up your room.”

When I first saw Linux, I said, “Man, this is going to change operating systems forever. IBM is going down.” Everybody laughed at me. When I saw the first web browser and the first website, I said, “Every single company in America is going to have a website within a decade.” Everyone laughed at me. Well, let me tell you something. I don’t know what’s going to happen with bitcoin, but I do know that the underlying invention — a system of digital currencies that has no banks, no governments, no central control and is available for anyone to use without asking permission — will change the world. Thank you.

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My very Best Wishes for each of you and your Loved Ones!

Glenn Ambort