*will you ever run for president? (I'll vote) ODDLY, I GET ASKED THAT MORE AND MORE. IT IS HARD FOR ME TO CONSIDER. I DO NOT WANT TO DO THE CHICKEN POT PIE CIRCUIT FOR THREE YEARS (AND HAVE ALRADY SEEN MORE OF THIS COUNTRY AT FOOT LEVEL THAN JUST ABOUT ANYONE IN IT: I BICYCLED ACROSS COUNTRY FOUR TIMES, HITCHIKED IT THREE TIMES, AND EVEN MOTOCYCLED IT HERE AND THERE). BUT IF I COULD FIGURE OUT A WAY TO RUN WITHOUT ALL THAT KISSING BABY STUFF (I DO NOT DO INSINCERITY), IT COULD HAPPEN, CONCEIVABLY.
*If you were president what would be your top 3 changes on your priority list?
ON THE REVNUE SIDE: GET RID OF THE PHONEY INCOME TAX VERSUS PAYROLL TAX DISTINCTION. PEOPLE COULD CONTRIBUTE TO A SAVINGS ACCOUNT AND ONLY BE TAXED AS THEY WITHDREW MONEY, THUS ENCOURAGING SAVINGS (BUFFETT'S IDEA). THERE, I THINK I WOULD OPT FOR A FLAT TAX COUPLED WITH A HIGH NEGTIVE TAX: BETWEEN THE TWO, YOU CAN GET ANY DEGREE OF PROGRESSIVITY YOU WANT, BUT WITH TWO SIMPLE RULES INSTEAD OF 70,000 PAGES OF THEM. (MILTON FRIEDMAN'S IDEA.)
ON THE EXPENDITURE SIDE, I WOULD SEPARATE THE ISSUE O GOVERNMENT FUNDING SOCIAL SAFETY NETS FROM GOVERNMENT MANAGING THEM. IN PRACTICE, THAT MEANS GIVING THEM VOUCHERS AND LETTING HTEM BUY THEIR OWN IN THE PRIVATE MARKET. THE VA SPENDS $13,000 PER VET: HOW ABOUT GIVING ANY VET WHO WANTS TO DEFEECT A VOUCHER FOR $10,000 TO BUY HER OWN HEALTH CARE WITH? SAME WITH EDEUCATION 9THIS COUNTRY SPENDS $18,000 PER K-12 CHILD, AND GETS THE WORSE RESULTS IN THE OECD: HOW ABOUT LETTING THEM HAVE A VOUCHER FOR HALF OF THAT, ANDF WITHDRAW? WE'D SAVE SO MUCH MONEY, AND DEVILVER GOODS THROUGH PRIVATE MARKETS.
* opinion on amazons and walmarts newfound interest in drone delivery? WELL, IF THEY MASTER IT, SO WILL FEDEX AND UPS, AND WE WILL JUST USE THEIRS.
*have software patents and amazons "one click" affected overstock? IT KEPT US FROM DOING THE SAME FOR MANY YEARS. WE ALWAYS THOUGHT IT WAS A TENUOUS PATENT.
*Is the block size debate a big deal and what side of the fence are you on? NOT FOR ME. I AM AGNOSTIC ABOUT THE TECHNOLOGY. TO ME, I DREAM OF THE POLITICAL POSSIBILITIES.
*Will you create a timelock transaction in your will giving a bitcoin to your descendants 100 years in the future making them ridiculously rich? NO DESCENDENTS TH TI KNOW OF.
*t0 is really interesting. I heard millions were put into development. Do you expect it to become a big deal with all these other blockchain players? Do you think there is value in still using the bitcoin blockchain as an anchor such as putting just a hash value in? Have you been approached about t0 from curious investors? YES TO ALL OF THESE QUESTIONS. WE ARE APPLYING IT TO DISRUPT A PART OF WALL STREET CALLED "STOCK LOAN" WHICH IS WHERE MOST OF THE PRIME BROKERGE PROFITS COME FROM. SHOULD BE LIVE NEXT WEEK.
*do you think the winklevii ETF for bitcoin will ever be approved? NO OPINION.
*We have a threat of "bail-ins, hyper inflation, negative interest rates in the future. Do you think there is a threat of an "asset tax" ?