Nevada Seniors Coalition
Senior Citizen Links
State of Nevada
Happy 2018. How's it going so far? It's certainly very early but I'm enjoying it.
Another great start was my experience getting my driver's license renewed at the DMV. As usual I just wrote
off the day. Doing that has been a good tactic since no matter how it goes you don't get upset because there
is nothing else on your calendar. This time I wanted to get the "Real ID" and had gathered the required paperwork.
I also was looking forward to the eye test and the elimination of the "glasses required" restriction since I
now have 20/20 vision in my left eye (the good one) thanks to successful cataract surgery in 2017, I must have
picked the best day of the year and the best time of day or I was just plain dumb lucky because I was out of
there in half an hour; without a reservation.
Unless you've been living in a cave you've probably heard about bitcoin* and the incredible rocket ride it's been on. As an investor I like to think I know a bubble when I see one and Bitcoin is a classic. It's right up there with tulips, the Roaring 20's Stock Market, dot.com and housing. Even if by some wild fluke it becomes a real currency it will have to stabilize at much lower levels than it's at now.
There was a informative and fun article in the Wall Street Journal on December 20, 2017: "Early bitcoin investors are distraught over forgetting their bitcoin password." It seems that if you forget your password you are in big, big trouble. Everything is out there in the ether and if you don't know your password there is no way to get your bitcoins. It is definitely not like a bank where you can call up, talk to someone and get a reset.
Here is an example of a bitcoin "private key" (password). Are you ready?
A few of the individual stories the paper reported were both sad and funny at the same time. One man bought 15 in
2013 for $260.00. Now the're worth over $300 thousand, but he can't remember his password so he can't get to them.
There is a hypnotist offering to help people recall their numbers. He charges one bitcoin plus 5% of the amount recovered.
I see the $750 million crony capitalist/corporate welfare Raider steal is moving right along with the County signing off of a major component of it. This part involves infrastructure which the Raider organization has agreed to pay for itself. It includes widening sidewalks, roadway improvements and a pedestrian bridge over I-15. They still have a serious parking problem needing nearly 14,000 spaces to comply with county code. (LVRJ January 4, 2018)
Forgive my cynicism but I don't think this is going to go down the way it's being sold. Those improvements represent a ton of money and NFL teams are always looking for ways to reduce their costs by tapping the public treasury. I guess we'll have to see what it looks like when the 2020 season rolls around.
Personally, I'm a big fan of the Golden Knights NHL team and not just 'cause they're using my name and I see it in the paper every day. I like the team most of all because there was no crony capitalism/corporate welfare involved. Mr. Bill Foley did it all with private capital without "Raiding" (forgive the pun) our pockets. Capitalism the way it's supposed to work.
Then there is the performance of the team which is blowing away records for an expansion team not only in hockey but in baseball, football and basketball as well. Of course the season has a long way to go but what a great run so far.
While I won't root against the Raiders when they get here, it will be a lot more fun to root FOR the Knights.