Arch
Crawford, head of Crawford
Perspectives, discusses the worst natural
disaster in California history, the 2017 firestorm.
The
host proposes that 40 lives and 8,000 structures
might have been spared if clay / terra cotta roofing
panels were required by state building codes.
The
onus of most of the fires stemmed from smoldering
embers spread by the 40 mph gusts to adjacent
roofs, where highly flammable tar tiles quickly
ignited.
Californian
officials are URGED to implement a statewide roofing
upgrade.
Using
tax credits and incentives, clay tile roofs would
protect against future firestorms.
The
show dialogue turns to the Bitcoin miracle; much
of the recent strength is arguably due to accumulation
ahead of the upcoming Segwit2x Hard-Fork.
The
event is slated for mid-November; hard forks represent
a token dividend.
While
detractors cite the extreme volatility of Bitcoin,
the host refutes the argument.
The
king of cryptos differentiates itself in many
ways from traditional currencies, including divisibility
down to .00000001, as well as a nearly instantaneous
transaction rate, essentially eliminating most
of the volatility issues.
Bob
Hoye of Institutional
Advisors rejoins the show with Part II on
the Bitcoin phenomenon.
According
to the mythical founder of Bitcoin, Satoshi Nakamoto,
in Bitcoin:
A Peer-to-Peer Electronic Cash System (2008),
trust in financial transactions was hijacked by
the financial intermediaries.
The
solution emerged from the elimination of the blockchain
signature / hashing system.
A simple way to view Bitcoin is a CPU powered
network where each node votes via CPU power to
verify its block in the block chain.
Antonopolous estimates that not even the computing
power / financial resources of an entire superpower
could falsify a single transaction.
Antonopolous' defense of Bitcoin / Block chain
is arguable comparable to the Constitutional Convention
of 1776 (figure 1.1.).
Although
an unpopular view, the host confirms the notion
that Bitcoin = Digital Gold, or a close facsimile.
For
the first time in 50 years of digital commerce
an identical contract or Bitcoin has a unique
signature, emulating the gold content of a coin.
In true Talebian fashion, the Bitcoin network
is de facto anti-fragile, i.e., similar to the
internet / email, if one node or several fail,
the network is safe.
Based
loosely on Metcalfe's Law governing any digital
network, a unique Bitcoin valuation model emerges.
The
square of the number of users of ANY network times
the average transaction rate over the total users.
Given
the 4.2 million users, figure is squared it and
multiplied by the daily average transaction per
block and voila, near the current price.
To
identify a forecast, apply Google's Trend analysis
to anticipate the new number of Bitcoin Users,
which reveals that the number
doubles every year.
A basic BTC valuation model results in a 1$ million
Bitcoin price in 7 years.
Please
Listen Here
Dial-Up
Real Audio
MP3
FAST
Download
Highest
Quality Download
Right
click above & "Save Target As..." to download.
To learn more about software needed to play the
above formats, please
visit the FAQ.
Guest
Bios
Bob
Hoye
Institutional
Investors
With
a degree in geophysics and a number of fascinating
summers in mining exploration, one winter in "the
bush" quickly led Bob into the financial markets.
This included experience on the trading desk and
in the research department of a large investment
dealer, which led to institutional stock and bond
sales.
Bob's
review of financial history provided the forecasting
models designed to anticipate significant trend
reversals in the sometimes alarming volatility typical
of the transition from rampant speculation in tangible
assets to fabulous speculation in financial assets.
In
anticipation of the latter opportunity, a monthly
publication for financial institutions was started
in January 1982.
This
competently covered the stock market, the yield
curve, credit spreads as well as metal and energy
prices.
In
1998 the Institutional Advisors website was started
as a forum for unique and reliable financial research.
Arch
Crawford cut his technical analysis teeth as first
assistant to top Wall Street technician Robert Farrell
at Merrill Lynch in the early 1960s. In 1977, following
Arch’s extensive research into astrophysical
phenomenon, astrology and its correlation to market
performance, he edited and published the premiere
issue of Crawford Perspectives market timing newsletter.
Today,
nearly 40 years later, Crawford Perspectives continues
to bring readers one of the most highly regarded
and consistently accurate market timing newsletters
available.
Peter Grandich & Chris Waltzek Ph.D. - October
18, 2017. 
Bill
Murphy & Chris Waltzek Ph.D. - October
12, 2017. 
Andy Schectman & Chris Waltzek Ph.D. - Sept.
21, 2017.
