## Tuesday, September 19, 2017 ... /////

### Wealth can't be created out of thin air

Jamie Dimon isn't missing anything

The New York Times published a diatribe by a Jeremy Philips,

What Jamie Dimon Is Missing About Bitcoin.
The question mark is missing and the answer to the question is "Nothing". The CEO of JP Morgan Chase, the 9th largest company in the world by its capitalization, isn't missing anything.

Philips, an adjunct janitor at Columbia, is even questioning Dimon's simple thesis
You can’t have a business where people are going to invent a currency out of thin air.
Philips teaches us that gold, the Euro, and almost everything else has value that was created from nothing, so it's natural when the same happens in the Bitcoin case. Oh, really? Were these values created out of nothing?

## Monday, September 18, 2017 ... /////

### Five good reasons why the governments will ban "independent" cryptocurrencies

Before I start to enumerate them, let me mention that the governments obviously can ban cryptocurrencies. This ability has nothing to do with some technical virtues of the crypto-technology. The governments can ban, look for, prosecute, and punish particular patterns of human behavior they declare illegal.

So just like it may be illegal to sell or even hold drugs, it may become illegal to sell or even hold cryptocurrencies. In principle, you may have cryptocurrencies in your living room – just like you may have hashish – but there may obviously exist laws that will send you to prison for XY years if a court gets some evidence that you're selling the cryptocurrencies, e.g. if you happen to sell them to a provocateur hired by the police. At that moment, almost all people will simply abandon cryptocurrencies – much like most people avoid hard drugs. They don't want to have anything to do with illegal things because they don't even want to take the risk of years in prison.

## Wednesday, September 13, 2017 ... /////

### Decentralized blockchain and subjectivity of the wave function

A quantum-cryptocurrency analogy

Unlike some other people, I am not a real member of the cryptocurrency cult.

I think that the economics orthodoxy as imagined by the founders as well as champions of the Bitcoin is deeply flawed. Also, I don't find the key "virtue" of the cryptocurrencies – decentralization of the list of transactions – terribly important or practical. By the way, JP Morgan boss Dimon said that the Bitcoin was a fraud (something that most of the financiers may agree with) and the currency instantly lost almost 10% of the value. Not too resilient! BTW I have written exactly the same thing as his 1-minute monologue. When the tax losses etc. become significant, the Bitcoin will simply be banned, will drop to near zero, and this "economy" will be over.

On the other hand, I think that the switch from classical physics to quantum mechanics was the most important event in science of the last 100 years. And I generally dislike vague analogies. For these reasons, you would think that I just can't possibly sell the following analogy. But the analogy looks so self-evident and catchy to me that I simply have to dedicate a blog post to it.

## Tuesday, September 12, 2017 ... /////

Apple: off-topic: to watch the Apple event showing iPhone 8 and iPhone X (a $1,000 beast that looks like this) etc. since 1 pm Boston time, open this page in Microsoft Edge on Windows, or in an Apple browser Gourmets may be convinced that e.g. Konrad Adenauer or Helmut Kohl were great leaders but the most famous German leader in the last 100 years was unquestionably Adolf Hitler. And because insanity seems to be what counts and what makes the tenure of the German leaders long-lived, Angela Merkel is quickly becoming the number two. We thought that we have already heard everything but last night, Czech readers were generally stunned after we were told about some exchanges of opinions during the otherwise super-boring German campaign. The Christian Social Union CSU, a semi-autonomous subsidiary of Merkel's CDU that only operates in Bavaria, the "Texas" of Germany, has proposed 200,000 immigrants as the upper limit of approved asylum seekers per year, in order to establish some pressures that will make sure that the year 2015 – when 1.2 million immigrants invaded Germany – wouldn't be repeated. CSU are therefore somewhat "softcore welcomers" who realize the sheer magnitude or at least the very existence of the problem that Germany has created. The current and presumptive future chancellor, Angela Merkel, answered a question from the audience in Lübeck about the proposed upper limit on the number of immigrants. ## Monday, September 11, 2017 ... ///// ### Why vanishing commutators imply there's no action at a distance I believe that an extremely similar blog post has been written in the past but I can't find it or what I can find isn't quite the same so that's why I decided to write this one again. Lots of people say that there must be non-local influences or some action at a distance in the real world, and this claim is implied by Bell's inequalities or something like that. This statement is completely wrong. Since the 1905 special theory of relativity, we have known that the non-local or superluminal influences would be equivalent – by the Lorentz transformation – to the influencing changing one's past, and those are logically inconsistent. So why don't entanglement experiments imply any action at a distance? In quantum mechanics, events are predicted probabilistically. Unless all the probabilities are calculated to be 100% or 0%, and they're usually in the middle, we can't say that the outcome will be something or something else with certainty. We can only say that the outcome will be something with some probability; and something else with some other probability. In this setup, the action at a distance obviously means that the willful action at one place which we will call Alaska (A) will modify the probabilities of some properties of outcomes of measurements at another place which we will call Boston (B). OK, let's imagine we have an entangled pair of particles or other physical objects that were created as entangled somewhere in Texas, to make it general, but the subsystems have propagated to Alaska and Boston, respectively. I chose Alaska and Boston for them to be on the left and on the right. Alabama's position didn't look convenient enough. ## Sunday, September 10, 2017 ... ///// ### Klaus: alarmists have won the climate debate Czech ex-president Václav Klaus was visiting Nuremberg, Bavaria, where (an uncle of mine lived from 1980 and where) Klaus supported the Alternative for Germany (AfD) before the parliamentary election where they're expected to get 9-10 percent. The city hall wanted to ban the event because of the presence of an AfD boss who had previously said that Germany should get rid of a PC politician. Klaus' support for AfD was criticized by the boss of the Sudeten German Patriotic Organization Mr Bernd Posselt, affectionately known as "a Hitler who returned from a fattening station" (a nickname invented by the current Czech president Zeman). Posselt said that Klaus and AfD hate the EU and it's bad. As you can read on German Google News, Klaus responded, on the contrary, Sir. AfD – representing a fraction of Germans who have been silenced – and he are doing what they're doing because of their love towards Europe, its traditions, and its future. ### German nuclear bomb on TV Norwegian "Heavy Water War" on Heisenberg et al. Last night, I accidentally caught the first episode of the Heavy Water War on TV, a (mostly) Norwegian 6-episode series from early 2015 about the Norwegian heavy water sabotage during the Second World War. The program was produced in Norwegian-Danish-British coproduction, the budget was$10 million or so, and it was shot in Norway and Czechia. See a 6-minute trailer.

My understanding is that the program was mainly created to promote this courageous picture of the Norwegian folks during the war. Such "Old Norwegian Legends" are particularly needed probably because the Norwegians have become the ultimate symbols of collaborationists with the Nazis, and the word "a quisling" – named after the Norwegian war-time leader Vidkun Quisling – became a synonym with a traitor who maximally cooperates with a Nazi or similar force.

OK, in this program, we can watch a different Norway, a nation of brave chemists – such as Leif Tronstad, a Norwegian career chemist, heavy water worker, and warrior on the British side – who were saving the world from the German nuclear Armageddon.

## Saturday, September 09, 2017 ... /////

### Theories can't secure patents, copyrights, and monopolies

Mikael and many others sometimes say things like

...a physical system evolves in some way, then a measurement occurs and a sharp classical value comes out of it.

Therefore, quantum mechanics relies on classical physics and it's unsatisfactory, not a self-sufficient or standalone theory.
Similarly, assorted critics of string theory often say
...quantum mechanics made predictions for the LHC collisions and other low-energy processes. It follows that string theory already predicts nothing about the LHC.
The basic logic is the same in both cases. The logic is that an older theory – either classical physics or quantum field theory – has achieved something or defined some concepts. It follows that this Miss Older Theory walked to a patent office and asked the patent officer to register the patent. In this way, the older theory acquired a patent, copyright, or monopoly over the ideas, concepts, achievements, or rules and no other theory has the right to do the things in the same way, at least not without worshiping Miss Older Theory and without permanently acknowledging its own inferiority.

If you want to have a sharp result of a measurement anywhere, dear quantum mechanics, you can't have it. Classical physics has already secured a monopoly. Do something else, dear quantum mechanics. For example, you can clean the toilets. Similarly, dear string theory, quantum field theory has already predicted the low-energy LHC phenomena. So you obviously can't do it again. Do something else, dear string theory.

### Czech calendar forecasts: Irma's big day is Sunday

TRF folks are praying and motling for Tony and Charles Wilson in Florida

Cuba is just experiencing Irma as a Category 5 hurricane, winds over 170 kilometers per hour are common. Tourists who came there for the Sun weren't given what was promised.

Everyone who is close enough to Florida should watch the nice animations at Ventusky.com and Earth.Nullschool.Net and maybe the National Hurricane Center.

But look at this. It's the Czech calendar for September 2017. Just to be sure, the weeks start on Mondays and end on Sundays. The words written under each day are first names. The people with that name have their name day on that day – which is almost as good for them as the birthday. They get gifts.