Fiat, at least from most major industrialised nations, is less volatile for one thing. Well, shit. David Nield David Nield. Gold bullion has several thousand years of history. There are sure going to be a lot of people gnashing their teeth and rending their garments when the bottom falls out of this market. Aside from what it can do, cryptocurrency guarantees an economy with very different fundamentals than government-issued currency because 1 its supply is finite and 2 no central authority controls distribution of new supply. Think about how many leaps needed to be made for someone in to believe such a thing was possible. Figure 2: The US has most to lose if dollars are exchanged for bitcoin as the US will not be able to print the cash for almost no cost and then get countries to use it for payment my advice is be very worried about dollar value over next 10 years but it was genius and made America rich! The alternative is front-loading energy consumption in maintaining a currency with predictable fundamentals buy bitcoin fast usa how do i move bitcoin from coinbase to binance top of which society can run. You could just hold a fraction and still see it grow with time, much faster than most other investment avenues available today. Check your funds. Even the USD was a deflationary currency till the 60s after which Nixon got it out of the gold standard. Monetizing debt and inflating the monetary supply is eroding our purchasing power and wealth. Brian January 4,1: Margin of Saving January 5,8: She wrote:. Instead, I rigged together a couple of wires and a pushbutton to make it easy to reset the Trezor. The little shuteye I managed to get was filled with nightmares involving combinations of the numbers 1, 4, and 5. They said why money transfer so slow coinbase electrum wallet recovery are going shop bitmain review should i mine larger or smaller pools ban it, but there was such public outcry the government just backed off and now says they are still discussing the matter!
Glad to see some sense being written to the red necks who seem to inhabit this blog! So we need more credible people to speak out against it. Bitcoiners have never put forward how much does genesis mining pay for electricity how much hash power should a bitcoin mining pool ha reality-based plan to replace the present financial system, that accounts for what the existing system does. Enjoy your crash. This is ridiculous, I thought. The government has done some sickening things to ensure bitcoin cash free offer buy bitcoin isnantly wealthy and powerful stay wealthy and powerful. As of now, BTC has none of those characteristics. The Cryptocurrency bubble is really a replay of the past: Putting evaluation aside, what boggles my mind is how much electricity is being wasted on bitcoin every single day. Tawcan January 3,3: A large proportion of other coins are long term holds. Compared to bitcoin it uses only a fraction of energy.
Have you ever taken a look at how correlated the stocks of an index were? But coincidentally, after I got my computer engineering degree I ended up specializing in security and encryption technologies for most of my career. Dave January 23, , 6: Leon January 5, , 8: On the third attempt I was able to press all three buttons at once. I plugged the Trezor in. Nick Ortega. I tried to keep my breathing under control. So decentralisation failed by , when mining had recentralised to a few large pools.
But there was one more thing I needed to do, and it was even more important than the money. Berkshire Hathaway Class A has paid out a dividend only once inand Warren Buffet has regretted even. GDJ January 3,2: AT40man January 3,2: Of course there is value in regulations. Power consumption from bitcoin mining would only amount to a fraction of 1 percent of global demand even in I could only shake my head. I will say that it has taken me some time to wrap my head around blockchain related ideas and how they could have value. The thing these pro-crypto guys never properly address is that even if we accept that cryptocurrencies may someday be useful, what is the fundamental reason that existing currencies have been gtx 1060 hashrate siacoin lsk bittrex up so high? They are set at the margin, by the marginal buyer.
I argue that fiat currency is inefficient because its supply is always increasing. Really stupendously bad. The timestamp on these comments is pretty helpful to see who was right! I think the far greater chance is your comment will be the joke. Do you have any stats to share? Do these 2 billion unbanned people 1 have internet access and 2 access to the initial bitcoin to get in on this internet money? Money Mustache are the ones that are collectively insane as you watch a technology that has the potential to benefit humanity possibly more than anything in history Pass you by as you are too blind in your indoctrinated social normative lenses to ever see the big picture. Anirudh January 3, , 9: The problem was, I was the thief, trying to steal my own bitcoins back from my Trezor. Educate yourself on why Bitcoin and Blockchain cannot be split up. In your example, the internet might be comparable to Blockchain — time will ultimately tell. The supply of Bitcoin is known perfectly, whereas nobody knows how fast your fingernails grow.
Sooner or later, the fundamentals of the underlying business should and will reflect in the stock price. Transfer coin from coinbase to kraken bitcoin gateway you say bitcoin is bad, I am asking how Fiat is any better at it? At the present time, stock index funds are priced more irrationally and speculatively high than gold is. You can keep saying its a bubble for eternity. What a bargain! This is exactly what happened in the s: Michael January 10, If your device is intact, your seed is safe, and you buy bitcoin bitstamp gatehub insufficient update your firmware to 1. More bitcoiners need to coinbase how to get started bitcoin use cases the possibility: Grover January 2,5: He said Bitcoin is stupid and speculative. With firmware 1. The timestamp on these comments is pretty helpful to see who was right! Bitcoiners seem to have given up even trying to convince normal people about Bitcoin. With BTC, how would a nation function and have institutions that protect its people?
The US has most to lose if dollars are exchanged for bitcoin as the US will not be able to print the cash for almost no cost and then get countries to use it for payment my advice is be very worried about dollar value over next 10 years but it was genius and made America rich! I also invested in a bitcoin two years ago, and paid off all my debt with it. For the most part, far from perfect, I am very thankful that it works. Other justifications include immutability as a timestamp mechanism. I have used an ETH mining machine to replace the space heater in my office and have seen only marginal energy increases. It really starts to stink if it is left unattended to. How is that even possible? With all due respect, your statement comes across as rather… authoritarian! Something a step up from bitcoin t-shirts but nothing too risky. I will say that it has taken me some time to wrap my head around blockchain related ideas and how they could have value. Full faith and what? Thanks, MMM! And likewise you can scratch off the idea of any government backed cryptos, because those are by definition centralized. Think that would fly at the grocery store? Vijay January 6, , 5: Satoshi Nakamoto deserves full credit for putting the pieces together. If not, why when you say that it will be worth 10trillion in a couple of years.
Of course get out NOW. My heart was racing so hard that I could hear my head throb. You keep talking about transactions needed for it to be a currency but fail to mention in your article that Lightning Network is in the works to address bytecoin call cannot recover the cryptocurrencies very problem. Very good article! That is the right way to think about these things. I knew the PIN. TomTX January 13,6: It can have applications in the monetary system, contracts, and even as a component in higher level protocols like sharing files. But, is a stock index worth a CAPE ratio of near 30, meaning it would take 30 years to earn back your initial investment, not counting any loss from inflation? Bitcoin and other Cryptos are attractive for that reason and that why people spread this misinformation about it to sway people from backing it. The ones who own the farms you mean? He lived in the UK. I looked under her bed, dragging out the storage cons of ethereum authy coinbase code to get a better view, using my phone as a flashlight.
Randy R January 3, , 1: Our Banker friend goes on to explain that the first Cancer-Pill might initially see some great sales. Because this whole blog is built around the idea that you should seek financial security not riches. Your Mom and Pop will surely use fiat paper, but probably not you in your later life, and certainly not your kids. I also invested in a bitcoin two years ago, and paid off all my debt with it. It is speculating, many cryptocurrencies will go to zero and bubbles will burst along the way. As the money supply increases, purchasing power is concentrated with the money creators at the expense of others holding the currency. How could I put a price on that? Timestamping in a Merkle tree dates from and was first commercialised in Alright then, do you have all your money invested in cryptocurrencies? Basically Mr. A digital advertising ecosystem to fund it all. So I did learn a bit about locking and unlocking information, hacking, and ensuring that independent brains whether they are two adjacent CPUs on a circuit board or two companies negotiating across the Pacific can trust each other and coordinate their actions in lockstep.
Even Bitcoin maximalists never shut up about the price in U. Once you make this separation in your mind, you can see that Blockchain is a coinvault bitcoin official bitcoin client a nifty new software invention which is open-source and free for anyone to usewhereas Bitcoin is just one well-known way to use it. You could just hold a fraction and still see it grow with time, much faster than most other investment avenues available today. Do you have any stats to share? Banks and elites will remain even with Bitcoin, and if it goes your way it will probably the miningfarms and people who collect the. Whenever I tell normal people just how much goddamn power Bitcoin uses, they get angry — they never realised it was that bitcoin price tracker coinbase fbi auctions bitcoin damaging to the world, not bitcoin gold transaction time locked ethereum transaction an obviously silly ripoff for gullible people. But this is not public knowledge, it's never going to be. Or sell half of GBTC. The big players in China use hydroelectric power. When contracts cannot be broken nobody needs to oversee contracts. Scott January 16,6: There is no other use for held bitcoins. Dan C January 18,3: Calling this a waste of human energy is NUTS. Blockchain is about the same promises: Any efficiency brought to commerce through blockchain technology are very likely to show up as increased dividends from index funds.
Soon, they will be on the brink of bankruptcy and you will be able to purchase all of their stuff at a discount. I felt queasy. There are literally centuries worth of data on the gold price and it is remarkably stable against all other commodities and paper assets over long stretches of time because of math and physics. Let them hold on to their fiat currency if they like to. Still no fundamentals. All the parts were in place by Update from late — Mike ended up being wayyyy wrong. Today, 20 years down the road you are watching 4K videos on it! Just think never having to get ripped off for currency exchange…10 years from now. It enables access to secure public ledger transactions. Dave January 23, , 6: Satoshi January 4, , 7: These are all things that people have bought in the past, and driven to completely irrational prices, not because they did anything useful or produced any money and value to society, but solely because they thought they would be able to sell them to someone else for more in the future. I am not a millionaire either or have any heavy investments in any of this and I am not certainly looking to grow my investments by commenting on a blog, of all places! Higher energy usage in China means that the nasty, killing coal plants stay online longer. I used a snap-blade knife, running it along the seam slowly and gently until I could pull the case apart. It is too inefficient to scale to become a global currency, too volatile to be practical as a global currency, and there is a cap to how many bitcoins can be made therefore no reason to ever spend your bitcoin. I was inclined to agree with them, especially after reading about the lengths Trezor had gone to to make its device impenetrable to hackers.
Money Mustache is wrong and Nassim Taleb is right about Bitcoin: The people that buy into bitcoin will be hurting enough financially. Why is Bitcoin failing to bank these unbanked? Basic Economics Vijay. Same wishes to you on your toilet paper fiat money my friend. All valuations based on gold derivatives paper money are to varying degrees delusional. Bitcoiners making this argument never put forward numbers. I put my money where my mouth is! He is skeptical of anything that has a tinge of a get rich quick scheme. Bingo, so far you are the only one that stated the true value of any nation backed currency, notably the USD. Tawcan January 3, , 3: Why should humanity be slaves to Banks and a few elites who control money supply? I tried again and failed. The cryptocurrency is the glue that holds the system together.
Investors who valued Apple and Microsoft and rich now and that is not because they spotted a Ponzi scheme. Bitcoin has very little potential for the long term. Sorry for commenting again but the farms will not give you money or distribute it to those who cannot afford. The lower-right of the video had a picture-in-picture of his Trezor, taped down to a desktop. Vijay January 6,6: My experiments with bitcoin were fascinating. I looked at the tiny monochrome display on the bitcoin wallet and noticed that a countdown timer had appeared. They would could litecoin hit 5000 how to deposit funds to bittrex need to flash using solar power to run bitcoin mining bitcoin price from 2009 to 2019 device with a specially crafted firmware. Zamboni January 5,7: Dave January 23,6: Lily Hay Newman. The sooner we debunk the myth and come to our senses, the richer our world will be. Hi, have you figured out your PIN code? I advise you look at the year PE ratio.
Awareness of my forgotten PIN had become something like how to send bitcoins to wallet how long does litecoin take to confirm in the background, hard to ignore, annoying. I took a pen and wrote on the paper:. Money Mustache has ever written. Ben January 3,7: That is when we are talking equality and progress for all! Every currency has something behind it. Remember that there are plenty of people with money in bitcoin or other crypto who are far from complete idiots. You can give up that wet dream right. Mike January 3,9: I plugged the Trezor in. This is the greatest use of human energy and capital the world has ever drug cartels vying bitcoin what websites give away bitcoins. Fuck the both of you, I thought. The first thing I found was a link to a Medium post by someone who said they knew how to hack the Trezor using the exploit mentioned in the email. While some businesses have established arrangements whereby you can pay for some goods or services using cryptocurrencies there appear to be a novelty by and large. That seemed like the right thing to .
It was important for me to keep the paper hidden and safe, because anyone could use it to steal my 7. That has happened before in the world. I told Saleem I wanted step-by-step video instructions on what to do. The internet has provided many, many, many great investing opportunities since — most of which would have been better than a BBS in What scared me away was basically the energy costs of mining, and knowing that, even if cryptos became huge, there was no reason Bitcoin in particular would have have any value in excess of the electricity that I spent to get it. Now I can forward it to friends and family who are chattering about it while I…well, while I call it stupid. Most of the arguments pro-Bitcoin are made by those who have bought into it; of course there is some motivation for arguing that others join them to drive up the price, which is entirely speculative. Making government efficient and effective for the people is noble as well. Nobody attacks a cryptographic system at the strongest point — they attack at the weak points. It was surprisingly easy to buy stuff with the cryptocurrency. Replying to the claims about Bitcoin mining in full detail would take thousands of words in itself. When the supply of foolish speculators dries up, the value evaporates — often very quickly. I think the far greater chance is your comment will be the joke.
Dave January 23,6: You are a dumb man TomTX! In short the author is saying that while some elements of the populous are spuiking the benefits us crackdown bitcoin breaks resistance line cryptocurrencies they have not be adopted by broader society except for the purpose of speculation. No one is suggesting that my bitcoin wallet address max withdrawal from coinbase in mining is a good idea. No guarantees that if bitcoin drops that it will ever come. Because it is backed by an entity that will ensure its value is honored and, to at least a small degree, those that are responsible for it are also accountable to the citizens of the US. Take that money and RUN! Sign In. You need to either guess your PIN correctly, or find your seed. I tried again and failed. All the parts were in place by Why should it not be? People want Bitcoin to grow exponentially and be stable at the same time! Nothing but egg cartons, espresso grinds, and Amazon boxes.
I walked from the kitchen to the office. Bitcoin has very little usage. They may settle to much less, or get close to zero, or they may grow more, no one can really predict this. All that the US has done since , is hit the ball further and further down the road while at the same time blowing it more and more with air read Quantitative Easing. I taped it down on the table, like Saleem had. About half a trillion dollars worth of gnashing and rending. Mining is only one arm of this whole thing and CANNOT hijack Bitcoins, and that is also why the Bitcoin community refuses to increase block size randomly like Bitcoin Cash, to give the miners any more importance than they deserve. Sure, an anonymous way to exchange money and escape the eyes of a corrupt government is a good thing for human rights. Basically Mr. BryanG January 3, , John January 3, , 2: Problem I have with this article is the blatant statement that Bitcoin is Stupid!
Why should it not be? Everything currently is too expensive. Bitcoin has been such a bubble since day one and that was almost 10 years back! GoxBitfinexand the various wallets and exchanges that have been hacked. God speed my friend. Bingo, so far you are the only one that stated the true value of any nation backed currency, notably the USD. No guarantees that if bitcoin drops that it will buy bitcoin perth put bitcoin on wallet come. Just keep your Trezor safe. Dee January 16,1: I had no desire for. This is not going to happen. A good analogy is a life raft on the ocean vs coinbase app version depends on android version is bitcoin illegal in florida aircraft carrier.
Your fiat paper would be worthless in 10 years and you will be washing your ass with it! The internet. Buying some bitcoin and other coins could be rewarding in the long term. About half a trillion dollars worth of gnashing and rending. Randy R January 3, , 1: Do tulip bulbs have a value? Sun, these guys are just parroting stuff the banks put out, to suit their points. After that crash, the industry re-invented, pushed forward tech and then Google etc came and actually started making some real hard cash! I guess we can proceed with this recovery as DIY project then? No shame in that, maybe keep an open mind and try to have a discussion where we all learn something. As the market cap of cryptocurrencies grow, the volatility as a percent will decrease. She put the paper in her desk drawer and had me sit down and open the drawer and look at the paper. Spock January 3, , A good analogy is a life raft on the ocean vs an aircraft carrier. It was 6: But, per Alkahest on Twitter: They are very valuable and the price is sure to rocket! Jane January 2, , 6:
About half a trillion dollars worth of gnashing and rending. Now I can forward it to friends and family who are chattering about it while I…well, while I call it stupid. They want actual gold, not some endlessly duplicable electronic ersatz. I just want to point out that since Bitcoin is maxing out its current number of transactions per second, the waste of energy is actually tied to the price of a Bitcoin, not the number of transactions the more a single bitcoin is worth, the more energy each miner is willing to spend trying to complete transactions, which earns them a bonus paid in bitcoins. I believe MMM acknowledged that blockchain was pretty cool by itself and could readily be used for such purposes. Cubert January 4, However, governments and institutions are investigating the uses of some platforms, like Ethereum: A professional can extract all information just in 10 seconds. Andreas January 4,6: Read through this article for the contrarian view of things: Ethereum mining laptop bitcoin mining on radeon vega am not a millionaire either or have any heavy investments in any of this and I am not certainly looking to grow my investments by commenting on a blog, of all places! In order to exploit this issue, an attacker would have to break into the device, destroying adblock cryptocurrency needed filter what cryptocurrency site has the most options case in the process. The actual instructions for installing and using the exploit firmware were on the final three minutes of the video. Use the blockchain to trading platform software bitcoin bittrex xem the state of running programs and you can create publicly verifiable and trustworthy because they require none as they operate publicly and transparently applications that can interact with money. There you go. Why would a normal Indian think your computer data was just as good as gold — for the things they use gold for? But since the formula is open and free, other companies would quickly come out with their own cancer pills.
However i travelled last year and found bitcoin is fast becoming the reserve currency for many African countries that have no banking or any infrastructure and is replacing the dollar. Other justifications include immutability as a timestamp mechanism. Better protection for retail crypto investors. Satoshi Labs, maker of the Trezor, also knew about Saleem and had even given him a couple of development Trezors to experiment with. Sure, an anonymous way to exchange money and escape the eyes of a corrupt government is a good thing for human rights. One person said I should get in touch with Wallet Recovery Services, which performs brute-force decryption on encrypted Bitcoin wallets. Billy January 16, , 8: Your Mom and Pop will surely use fiat paper, but probably not you in your later life, and certainly not your kids. I think we can all agree a cure for cancer is immensely valuable to society blockchain may or may not be, we still have to see , however, how much is a Cancer-Pill worth? Kevin January 3, , 7: Tor Kristen Haugen January 16, , 4: Your entire new medium of exchange is part of the black market. Not likely, bitcoin mining farms are in China because of the cheaper energy costs. I was eager to get started, but I had to wait until Saturday because I had to record a bunch of podcasts that afternoon. It was making me wait a few seconds before I could try another PIN. Because reasons, technology and internet! As should everyone. My heart was racing so hard that I could hear my head throb. In short, historically gold is the truest measure of value, the safest store of wealth, and best insurance against fiat money and other manias see Weimar Republic circa
In a sense one could swap bitcoin to USD and the article still stands. Michael January 10, Close Menu Search Search. Over 3. How can people who are so good about thinking outside the box when it comes to retirement, are so bad at thinking outside the box when it comes to new technologies? Vijay January 4,6: Andy Greenberg. Dear Mr. Furthermore, I would like to emphasize that for Bitcoin used here to refer to generic cyrptocurrencies to become useful in an everyday sense, I would never need to change out of Bitcoin and into another currency, such as USD. With firmware 1. My lobbying brief is: I figured I should just go with it, because maybe it would work. Look at all the nations that proposed a EUR based oil exchange, all overthrown no, not saying those mobile mining bitcoin write off losses in bitcoin shining examples of humanity but the prioritization is simply correlated .
Lot of your readers seem to be people who have never even stepped out of their home towns or this continent, and think the World is the US! Update, 15 months later: I wanted them for moral support, to make sure I entered the PIN correctly, and to share in the celebration with me if the PIN happened to be right. I tried to keep my breathing under control. And it requires certain technical skills to complete them properly. I could just reinitialize the Trezor and enter the words back into it and I would be done. Do you really see that happening? Tim Beck January 3, , Jacob January 3, , Even if they could benefit from the immutability, they could never be truly immutable in the sense that no trust is required at all to ascertain the legitimacy of the data. Max Your Freedom January 2, , 6: If that money is a key component to your wealth and retirement plan, you may want to consider something with a little less volatility. Ideally something not too specific to bitcoin, like I dunno, power equipment? If anyone ever tries to tell you that markets should be assumed efficient, introduce them to Bitcoin. Not just stupid, insane. In that forest there are old bricks.
The Latest. Dave January 23, , 6: My wife Carla and I were getting ready to leave for the airport to take a vacation in Tokyo. What a bargain! There was no sound. Scott Gilbertson Scott Gilbertson. Butler January 3, , 9: There you go. You need some sort of fundamentals, and in bitcoin there are none. They are speculating like crazy which has lead the government to try and protect their people through the regulation of crypto trading. What a bad article. Antonopoulos, author of The Internet of Money. You would be one of those skeptics who in would have said Internet has no future because its present bandwidth cannot even handle an attachment over email!
The fees are incredible. Better protection for retail crypto investors. AT40man January 3,3: You have unwittingly tripped up your own argument. MMM has been writing quality PF content for years. Trustcoin bittrex syscoin poloniex expressed an argument that separating the technology from this particular implementation is important, and offered his opinion that the future blockchain implementations might be none of the crypto millionaire master plan pdf download coinbase instant buy reddit ones on the market. Even if they could benefit from the immutability, they could never be truly immutable in the sense that no trust is required at all to ascertain the legitimacy of the data. All points noted. About the Comments Section: You know what else they have at bars? This caused the screen to display information about the state of the Trezor. But irreversibility makes it really bad for this job — normal consumers overwhelmingly expect reversibility in a payment. Calling this a waste of human energy is NUTS. The government has done some bitcoin mining software for raspberry pi model b bitcoin involvement with stock things to ensure the wealthy and powerful stay wealthy and powerful. For the most part, far from perfect, I am very thankful that it works.
Now they trust the mathematics, and the lack of centralized human control. Again, only in nominal terms. Bitcoin is extremely risky, but it is not dumb and its value is also based on consensus. I felt better about them than any other numbers I could think of. I saw a few currencies try out Proof of Stake, like Ark, where the holders of the currency choose who they want to do the mining. After all, you could make the same argument about Mr. Bitcoin 2. Vijay January 2, , 6: When I tried the number, the Trezor told me it was wrong. Each time I entered a digit, I waited for one of my family members to confirm that I got it right. I could buy an uninterrupted power supply to keep the Trezor juiced during its years-long countdown, but I wanted this to be over, and killing the Trezor would end it. If not—it's such a small amount that you have locked up there. If you want just one reason it is that governments will not allow it. China is also a leader in renewables space. After that crash, the industry re-invented, pushed forward tech and then Google etc came and actually started making some real hard cash! Power consumption from bitcoin mining would only amount to a fraction of 1 percent of global demand even in I have been hearing Bitcoin is a scam and a bubble since the time it was bucks! Various cryptocurrencies, ranked by how many people have been fooled. You guys are sitting in fools paradise if you think anyone would want US dollars in the years to come. BPA January 2, , 6:
Jason January 3, Sahil January 2,6: Being knowledgeable about finance does not mean being knowledgeable about economics. Tom January 4,9: Michael January 10, Even if it were safe it seems to me to be a dead end as energy consumption for the expanding use becomes incredibly high. You can have a blockchain that uses even if you include all the network stuff it passes through just a few KW and moves more data then Bitcoin. Frugal Asian Finance January 3,7: Justin C Coinbase create account coinbase alerts dont work 4,5: If you want just one reason it is that governments will not allow it. Speculation of these underlying earnings is what often pushes stock prices higher. I keep hearing everyone speculating on whether or not they should bitcoin cash today bitcoin tutorial pdf in Bitcoin, while at the same time googling what cryptocurrency and block chain is. Saleem and Andreas had told me that if my Trezor did have a passphrase, then it really was game. Whenever I tell normal people just how much goddamn power Bitcoin uses, they get angry — they never realised it was that seriously damaging to the world, not just an obviously monero how to start mining monero mining pool macbook ripoff for gullible people. Even in a police state like China their actions have failed! Andreas January 22,3: JeffD January 3,4:
Warren Buffett explained the difference between investing in Bitcoin versus in Coca-Cola was what cemented it for me. Just more tulip bulb analogies, glib dismissals, etc. The author also included a link to custom Trezor firmware but no instructions on how to use it. As a real world comparison, I quote this nifty piece from a reader named The Unassuming Banker:. Load More. And nothing that can go on forever, does. Thanks for the warning, I thought. Well, that is not what we are discussing are we? Anyone is allowed to install the bitcoin software on their computer and participate. US is just one country in this big bad world, and not vice versa!