Before I bought Bitcoin

Before I bought bitcoin, I thought the dollar was backed by gold.
Before I bought bitcoin, I'd never learned of fiat currency.
Before I bought bitcoin, I didn't understand fractional reserve banking.
Before I bought bitcoin, I never truly
considered the intentionally crippling deck stacking against the unbanked.
Before I bought bitcoin, I believed I was already experiencing personal financial freedom and I was in control of my own financial future.
Before I bought bitcoin, I thought bitcoin was silly because I assumed I could answer
"What is money?"
Before I bought bitcoin, I didn't know I needed to know these things.

Bitcoin is a life raft.
Bitcoin is freedom
Bitcoin is a catalyst, and so much more.

Buy bitcoin
Earn knowledge.

Bitcoin and Price

Most people enjoy holding what everyone else wants. That is why Technical Analyst is a thing. Computers have helped people figure out what others are up to better than ever before. So, according to Bitcoin T. A. it is going to be another 2 to 10 months before Bitcoin will be at a higher price.  In fact BTC should drop another $1000 before it hits its low. I am starting to believe TA more and more the older I get, thanks Tone Vay.

The real variable in my mind is when the fiat money system will collapse. That is a lot harder to predict because the central banks have a lot of leavers at their disposal. They could confiscate bank accounts. The could order all gold be sold to the government. They could limit withdrawals or just go on a fiat printing sprint.  If and when the fiat system collapses that is when it is best to have your monies in gold, silver or Bitcoin.

Living in -40 C the last week (-47 C was the lowest) you get to understand the value of being prepared. I heat with wood. Therefore I have a large storage of wood indoors for just the occasion. So,  it is hard to quickly acquire Bitcoin if and when fiat fails.

Right now most people don't understand the difference between Bitcoin and other cryptocurrencies.  My neighbour thinks Dodge-coin is the best crypto and it is has divisibility, securability, recognizability (not to the Bitcoin extent), portability, durability but not fungibility.  This is what people need to understand in order for the crypto market to take off.

Yesterday when QuadrigaCX had their court case in Canada it proved the importance of having your own keys. Having a ruling about crypto in Canada will help more people understand the laws about how crypto will be treated in Canada.

Using Electricity in Alberta

Well, today I watch my neighbour loose his transformer. He was only using it to heat a waterier for his buffalo. He was only needing 3 kWh per day for 120 days, at most 0.5 MWh per year. To get the pole and the transformer back will cost him about $10,000. So why is Atco Electric trying so hard to reduce their unused transformers that are still installed? Does installing and removal of power to the premise increase their bottom line? I guess the real question is should Atco Electric be charged more to install electric utility lines (increase their access fee), thereby making every rural Albertan go off grid. I think the breaking point is quite a bit less than 7200kWh per year (average Alberta household use). The problem with a cattle waterier is that it needs to be working on the coldest day of the year--yes those days without any sun. So it needs to have 21 kWh of storage (7 days x 3 kWh per day). That amount of energy storage would cost over $10,000. But at least energy storage is equal to grid-tied energy system from Atco. Even further down the road, the move to a 100% renewable energy that is not grid-tied will become more and more cheaper compared to Atco Electric grid-tied system. Too bad we didn't learn from Ontario's mistakes -- Companies like GM leave Canada when electricity cost are too high.

In my opinion, Atco should leave the pole and transformer in working condition and offer the land owner a FAIR rent. FAIR rent would be the wholesale price of the pole and transformer times prime rate. Eg. Transformer $1200 and pole $300 times 4% equals $60 per year. Most landowners would agree to this and we would have more electricity available to Albertans at a cheaper price, thus making electricity affordable and encouraging more businesses move to Alberta.