I
am learning not to write things off so quickly. The modern world is a maze of
mind forged manacles and tantalizing chimeras. And genuine change drivers in
the form of new data and innovation. Picking one from the other is an art.
There’s a huge pile of things which are partially untrue, a mismatch between a
legitimate need and the prevailing solution offered.
Some calls are
easy to make. Bitcoin is garbage. Its underlying blockchain truth is a miasma, a
much touted nothing to see here. Imagine a world wherein every penny that
passes through your hand has a pedigree, a provenance, a trail for every
transaction for which it was used, yet no identification of previous owners.
Now imagine a world where there is a need for such a thing. You can’t. There
isn’t.
But
wait, there’s less! Further imagine a world where you can just mint money. Ok,
maybe not you or me, but people with high-end computers. This is much better
than money printed by governments and managed by central banks, right? The
implications to monetary policy, fiscal policy, and the dismal science aside, this
is something akin to allowing people to make money out of Play Dough. Cults of
people toting tokens which only those in the know will accept as a store of
value is nothing new—and most of these people are crooks or tax cheats. What is
sort of new is that the store of value itself is so worthless. Put as much encryption
and electronic paper trail as you like on it, a bitcoin is a token pegged to
nothing and worth what you can get for it. Once the forces of gravitational
common sense come into play, bitcoin’s lack of backing turns it back into Play
Dough.
Any
commodity which oscillates due to the pronouncements of old weed blower Elon
Musk doesn’t have much intrinsic going for it. The crackdown is starting in all
quarters of all governments. The question is whether the collapse will come
before or after the eventual ban. The only known utility for bitcoin is as a
transition state for turning yen, rupies, rubles and other third world funny
money into something else which can later be cashed in for dollars or euros (or
pounds.) Plus, it seems to be very
useful for wholesale clandestine narcotics purchases and ransom payments. I
guess it’s not all bad.
Given
that I seem to be in the minority on Bitcoin, I have begun to reassess my opinions
on other topics our blog covers, starting with Flying Cars. HIL-GLE Wonderblog
has led the universe in defining what is and what is not a Flying Car. Briefly:
Definition of a
Flying Car
In order to qualify as a 'Flying Car' a vehicle
must encompass the following three concepts.
1. Vehicle must be able to take off and land
without a runway or dedicated external support facility of any kind.
2. Vehicle must be capable of conventional
garaging.
3. The operation of a Flying Car may be no more
complex than that of other conventional consumer commuter vehicles.
By this
definition, no one has invented a Flying Car. Ever. There have been some nifty
swings at it, however.
This
fine 1935 concept eventually matriculated into the helicopter, certainly an
innovation, but not something most of us hop into and fly to the grocery store.
It is my contention that like the Northwest Passage, the Flying Car concept may
prove to be impossible to make reality. The last actual production Flying Car
was this model.
The
wish fulfillment spirit of the Flying Car concept is to democratize the
experience of flight itself. The aim is to leave your door, pick up on wings,
and fly off to wherever it is you wish to go.
Although
you do not have to Hawkman French kiss the spirit of the Flying Car, you do
have to at least air kiss it. If it isn’t making defying gravity fundamentally
more obtainable, then the Flying Car concept has no value no matter how close
to the letter of the definition one gets.
What
has been invented thus far are a set of recreational aids for rich people to
show off in. If it isn’t built for the masses, then the Flying Car is
immaterial. Our last Flying Car was close to a million dollars a copy, assuming
it were ever produced. The Flying Car mentioned in Air Trails above was a
little more affordable. It was pricey for a car, reasonable for a crop duster,
yet in the end a toy. You want dreams realized to be more than distractions. We
shoot for revolution!
With
the most modern of our Flying Cars now spirited off to China, we are left with
only a quad-drone which seats one and is remote controlled. And this thing…
This
is the I-Tec Maverick produced by Indigenous Peoples’ Technology and Education
Center. I want one, for two reasons: (1) I hate tailgaters and no one in their
right mind would close within fifteen feet of this propeller pushed monstrosity;
and (2) It is far and away the coolest dune buggy ever. It is affordable to the
point that I could bankrupt myself and buy one. And the people at I-Tec are cozy
with the spirit of the Flying Car, phrasing their mission statement as to “provide
tools and technologies to God-followers in frontiers (sic) areas to meet their
needs.” Not just a French kiss, a soulmate French kiss. Sadly, passion and
exuberance count for so little in the world of aerodynamics.
Not
shown is the method for providing lift and navigation. Because the concept falls
down right there. This magnificent thing is actually strapped to a parachute. To
be generous, the wing is a glider chute, attached in a specific (I’m hoping)
way to various parts of the dune buggy frame. It’s sort of a self-propelled
para-glider, a nifty idea on its own and truthfully the making of a fine
tourist road-side enterprise if it functioned efficiently.
Unfortunately,
efficient functioning is not a feature of the Maverick. Also not shown is the
comical method by which it gets into the air. In my mind’s eye I imagine that
the chute is dragged behind our dune buggy, fills with air, and then we are off
on our merry way. In reality, liftoff requires a very large mast thing which
holds the chute aloft until the buggy can attain air speed. In insurance terms,
the mast would be a “cumbersome javelin
object capable of impaling anyone on the ground during undirected free-fall,”
which kills its potential as an ad hoc carnival attraction. It’s unclear at
what point the mast becomes jettisoned, however its mere presence is a design
flaw which must be overcome if the Maverick is to ever show any promise.
How
does it fly? It does have a rudder. Whether this is functional or aspirational,
I am not sure. My guess is that it has roughly the same handling profile as the
average hot air balloon, only less forgiving. Your choices are probably
vectored on up or down or the way the wind is blowing. With practice, you might
be able to tack into the wind. Much depends on how much flying time the unit delivers
and how skilled one can become with the controls offered. We do know that the
thing crashes and that the NTSB will not investigate such, because they do not
consider the I-Tec Maverick an airplane. Because it is a dune buggy strapped to
a parachute.
You
do have to appreciate the attempt, however. As spectacular methods of suicide
go, the Maverick is reasonably priced, unlike: An anonymous
bidder paid $28 million at auction this weekend to join Amazon’s Jeff Bezos on
a trip to space. The first crewed flight of his Blue Origin company is set to
launch on July 20, for the roughly 10-minute trip. The bidder beat 20 rivals in
the charity auction on Saturday with proceeds going to the company’s
foundation, which aims to encourage young people to pursue careers in STEM.
Bezos is among several of the world’s richest men racing towards space, with Virgin’s
Richard Branson and Tesla’s Elon Musk also vying for a place in the commercial
space travel industry.
Note to Prospective
Wealthy Space Adventurers: Rocket travel is about as safe as tight-rope walking is
for tight-rope walkers. The people we send into space are usually highly
trained. Like tight-rope walkers, they usually come back in one piece, because
they are so highly trained. You are rich. That does not mean that you are
magic. If something goes wrong, you have NO SKILLS to help you get out of
danger. Mind you, no one is going to miss Jeff Bezos or Elan Musk, but you might
be of some import to your own field. In this ventured risk, you are performing
no function of value to yourself, your field, or your society. If things go
wrong, you get blown to pieces. And that might be the optimistic side of the
downside. (I’ll miss Richard Branson, but I will get over it.)
On the other
hand, there may not be any way to talk these people out of it: Corporate psychopathy,
especially in high-level leaders, is a real problem that could cost businesses
billions of dollars each year, writes University of San Diego professor Simon
Croom in this piece for Fortune. "Psychopathy is up to 12
times more common among senior management than among the general
population," he writes. "When some of the defining traits of
psychopathy include egocentricity, predatoriness, recklessness, a lack of
empathy, and a propensity for manipulation and exploitation, it doesn’t take a
great leap of the imagination to see how a high percentage of unrecognized
psychopathy in senior management could lead to all kinds of problems for
organizations, their employees, their customers, and society at large."
I
suppose comparing the idle rich self-made billionaires to corporate executives
might be unfair. I will live with it.
I
previously un-wrote off the Electric Car. There has been some additional positive
prognostication on our Electric Car beat: Electric vehicles
should be cheaper to buy on average than combustion vehicles in about five
years, without subsidies. Most of the
folks currently in the Electric Car field are still the same old actors, which
does give some pause. And some of the new actors are embracing another trend on
our beat, the hideous SPAC: Lucid Motors, the Saudi-backed electric-vehicle startup
waiting to go public via a blank-check company, is ready to take on Tesla—and
it has been for a while now. The startup is facing more setbacks thanks to
Covid-19 supply chain disruptions and delays, and a global chip shortage.
This isn’t enough for me to
re-write off the Electric Car as much as it is for me to write off Lucid. Let
me get this straight. You are a startup. Backed by Saudi Arabian sovereign wealth
funds. And you need money. From SPACs (money invested by people who didn’t know
what they were investing in.) This is to take your company to the level it can
sell shares to people who do know what they are investing in. Got it. I bet you
any money they do not have a functioning car yet. Why don’t you take what money
you have left from failing to develop a car and buy yourself a seat on the
rocket ship? It’s much less painful than what the Saudis are going to do to
you.
Even the Rocket
Ships are SPAC: This morning, Astra becomes the first space
company to trade on the NASDAQ, having completed a SPAC transaction with
Holicity, which was started and funded largely by cellular phone pioneer Craig
McCaw. The transaction raised $500 million for Astra, which it will use to
build out its low-earth orbit satellite platform business. Rocket Lab is close
to closing a similar SPAC transition. All told, analysts believe
space infrastructure investment will top $10 billion this year, up from a
record $8.9 billion in 2020.
Best
guess: Neither Astra nor Rocket Lab will ever launch anything. They won’t even
blow up tourists. If you have any hesitation as to where the SPAC is heading,
we conclude with: It’s the latest
twist in the world of blank-check mergers: A
company plans to go public with a SPAC (that’s a special-purpose acquisition
company for the uninitiated) and use it to buy back an affiliate that it took
public. How does it plan to do that? By using another SPAC, of course.
This is what happens when real assets get bid up. Suddenly
there all sorts of synthetic opportunities in the ethers. Some of these are
well meaning pipe dreams, but the majority are scams.
After China liberated our last Flying Car, I began to rethink
my position on them as a power in the world. Surely any government willing to
take on an entity like our last Flying Car manufacturer is not infallible. In
fact, it shows a certain honest bungling to throw the People’s Money at what
was clearly a failed venture without any redeemable public or military
application. Maybe the Chinese Communist Party is just stupid as opposed to
being actually evil? Then I read this: “They’ll find their heads bashed bloody
against a great wall of steel.” That’s what Chinese President Xi Jinping,
marking 100 years since the founding of the ruling Communist Party today, warned
nations that “bully” China. Having achieved “historical inevitability,” he
said, the People’s Republic, with 1.4 billion inhabitants, can stand its ground.
A fish rots from the head
down. That man’s statements have been elevated to the level of “thought itself”
amongst the Chinese Communist Party members. They seem to have stupid and evil
down pat. Back here on Earth One, no one is bullying China. Some of us Freedom
Inclined are a bit tiffed off about concentration camps on its soil, and some
weird naval claims it has been making, and it essentially going back on all of the
promises made to the people of Hong Kong, and some saber-rattling it is doing over
in Taiwan, but no one is bullying 1.4 billion people nor their nuclear-armed
government. Perish the freaking thought. Let’s hope they don’t reach for a
bottle of insane to go with their Historical Inevitability word jazz. If they
do, we’ll all be reaching for the Flaming Heart of Jeebus.
For those of you unfamiliar
with the Flaming Heart of Jeebus, it is a monotheist icon which exists
primarily on mass-produced funeral cards. It certainly cannot be Jesus, since His
image cannot be rendered, but it is Jesus-Like. Printed on the card is a promissory
statement that a group of holy types will be evoking the supernatural on the
undersigned deceased’s behalf. This they are doing at the printed name’s
request, one assumes in exchange for some pre-paid gratuity. I get these in the
mail all of the time. The vast majority of them also come with an image of
Jeebus, holding his flaming pulmonary organ in his hands.
Jeebus seems neither happy
nor sad about this. In truth, he’s a hard read. The immolating organ is usually
rendered with medical accuracy and occasionally adorned with mystical Latinate.
When used as a symbol on its own, it is in Valentine’s Day form by way of the
Human Torch.
I am familiar with most
Christian iconography, but this one had me stumped. At no time in the gospels
does the main character yank out any of his organs, or anyone else’s organs,
nor do anyone’s organs burst into fire. This goes for the entire Bible text,
which does feature some fantastic stuff, but no blazing body parts. The closest I could find was a bush setting itself
on fire.
The Flaming Heart of Jeebus
is clearly extra-canonical. Most icons of this nature are plagiarism from
paganism. Even here, however, the detachable burning heart seems to have no parallel.
Aztecs and Mayans would be a guess given that we do not have a full view of
their belief systems. That said, there are no similar icons found depicted
anywhere else in the occult spheres. It is unique.
As it turns out, it is of
relatively recent origination, dating back to the 17th century.
Although it is Catholic, the icon can be found sprouting in various roles among
the older Protestant sects. There are several originators on record, all of
whom attest to the same story.
A nun wishing to read her Bible
in the original language petitioned the godhead for comprehensive fluency in
Latin. Having been granted such by supernatural blessing, the nun found her
gift to be not to her liking. The story’s credibility might have been enhanced
somewhat if she had instead discovered that the Bible was not originally
written in Latin, but that isn’t the way it is told. Instead, she just doesn’t
like it. SO SHE TAKES IT BACK, like she’s returning something from Walgreens.
Being customer-focused, the godhead offers to make an in-kind makedo to
preserve her goodwill. The nun then asks for the godhead’s heart. In this case,
the godhead is known to be dead and doesn’t actually need the heart. Per the
story, there is nothing wrong with the nun’s heart. She would just like to have
the godhead’s implanted. At no point is a purpose to this mentioned. The
godhead proceeds remove his own heart and places it into the nun’s chest. What
happens to her heart is not mentioned.
All of this would be a
phenomenal back story to some subsequent saintly goings on. Little Sister Doesn’t
Care For Latin is now the ambulatory vessel of a functioning organ from the
House of David. Let the pronouncements and miracles commence! I can see a whole
third book of the Bible starting here. Or a book of the Bible. Or something. Instead,
she does pretty much diddly. She is a saint. (Actually, several saints.) But
she did essentially pull an Iron Vic. Like the old golden age superhero Iron
Vic, she’s been handed a lot of potential and she takes it and becomes a minor
league baseball player.
I’m still at a loss as to
why the image is on my funeral cards.
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