Previous month:
October 2020
Next month:
December 2020

Rethinking Bitcoin >> NETWORK EFFECTS

Network effects allow BTC to be the winner take all in the cryptocurrency market place.

When describing the power of networks, many point to Metcalfe's Law, which states that the value of a network is equal to the square of its user base. As a result, adding new members to a network causes it to enjoy disproportionate gains in value.


Only about 1.3% of the world's population owns bitcoin.

Using Metcalfe’s Law, one bullish analyst suggests a $12,000 to $13,000 fundamental value to bitcoin.


Easy Estate Planning

The need for a will is becoming less and less. And going thru the probate process may become a thing of the past. Here is what you need to check on:

Brokerage Account:  Transfer on Death (TOD)
A way of designating beneficiaries to receive your assets at the time of your death without having to go through probate. This designation also allows you to specify the percentage of assets each person or entity (your "TOD beneficiary") will receive. Your assets will then be automatically transferred to the designated beneficiaries upon your death.

Bank Account: Payable on Death (POD)
An arrangement between a bank or credit union and a client that designates beneficiaries to receive all the client's assets. The immediate transfer of assets is triggered by the death of the client.

Real Estate: Transfer on Death Deed
When the homeowner dies, title to the real estate passes to the beneficiary or beneficiaries, named in the Transfer-on-Death Deed, similar to how title passes in a Joint Tenancy Deed. This Deed avoids Capital Gains Taxes to be paid by the Beneficiaries at time of sale. Not all states allow them.
If you want to pass property to family members, look into a Quitclaim deed