Posted in Uncategorized on 2015/11/24 by rmolby

Source: BLACKHAWK Shemaugh

Investments – CDs

Posted in Uncategorized on 2015/11/20 by rmolby

If anyone is interested in investing with CDs, but you don’t have an investment account, or the amount you can put into a CD is less than $1000 or $500 like many investment funds require, CapitolOne360 offers a nice option.

If you setup a checking account with them, you can open as many small CDs as you want, I have several small CDs of $10-25. As of this writing these CDs only earn .40% for short term (6-18 months), goes to 1% at 24/30 months, 1.6% for 36 months, 1.76% for 48 months, and 2.1% for 60 months.

However, if you let the dividends roll over on maturity, you will be compounding the interest. If you calculate that out, then it turns out the measly .4% combined with the 6 month dividends yields more than the longer term CDs, so I have my money in 6 month CDs staggered  2-4 weeks apart base on being able to buy them on payday.

The other advantage is that the money become available again during the maturity time frame, so every so many weeks I get a CD that is maturing, and if I need a little money that week, I can just tell the CD not to roll over, but to pay out completely.

So, if you want to make a little money, and beat the inflation rate over the longer term, 5-35 years, and you only have small amounts to invest, then look into 6 month CDs at CapitolOne360.

Technology – Google Local Guides

Posted in Blogging, Fun Stuff, Internet with tags , , , , , on 2015/11/16 by rmolby

While at work something caught my eye and I ended up signing up for Google Local Guides, a program that rewards you for helping Google improve their Google Maps information.

I don’t know what yo expect from the program, but ti looks to be quite simple.

Short term, I will update location pictures with either more up-to-date version or more details, but as I gain experience, I will try to provide useful information about the location I am updating, and as I gain experience, I will post about it here.

Economics – The value of bitcoin

Posted in Computer Software, Economy, Income with tags , , , on 2015/08/24 by rmolby

I have been involved in bitcoin mining from the early days, but with mining becoming more and more difficult, I have decided to not expend any more regular money on the endeavor, instead to concentrate on bitcoin faucets.

So I was looking at an app called BitMaker on my smartphone, an app that trades viewing ads for small amounts of bitcoin called Satoshi.

A Satoshi is one unit at the 8th decimal place, or 0.00000001 BTC. Since there will be a maximum of 21 million bitcoin ever mined, and there are roughly 7.5 billion people on the planet, and growing, we will need approximately 0.0028 BTC, or 280,000 Satoshi, per person at the current population levels.

To figure out what it take at a minimum to survive in the USA, including food, rent or mortgage, utilities, etc, I will be looking back to 1964. There is a reason for this I will get into shortly.

In 1964, you could live at the transition point from lower to middle class, pay all your bills, live in a decent house, drive one car, have one TV, and not be at the brink of poverty. It meant being frugal. The minimum wage in 1964 was $1.25 and it would provide that level of minimum living on ONE income. FIVE quarters (25 cent coins for those outside of the USA) per hour would pay that level of income!

Now, the reason why I chose 1964 is the fact that there still was silver in quarters, 90% to be exact. If we go to, we see a single pre-1965 quarter is worth $2.6403 in 2015 dollars. So 5 quarters would be $13.20, that is more than today’s minimum wage in most areas of the USA. That is $27,459.12 per year in 2015 dollars. Back in 1964 you could live decent, today that makes you poor and in some cases eligible for welfare!

But let’s assume that today we COULD eek out a living on $28,000 per year. I rounded the number to make the math easy. As you saw above, there are about 280,000 Satoshi per person, per year, so, that would make each Satoshi worth $0.10 or 10 cents. If this is the case, then 10 Satoshi make $1, and one bitcoin would be worth 10 million US dollars.

Right now, BitMaker allow me to bring in around 16000 Satoshi a week, currently, at about $280 per BTC, that is about 4-5 cents, however, if bitcoin would be worth what it should be as described above, this would represent US$1600, a significant amount of income.

I wrote the above over the last two weeks in short bursts without posting it here. So then today I read an article on beta Kim Dotcom recommends investing into bitcoin due to the current stock market down turns in China, EU, and USA.

So, if bitcoin ever achieves it’s real value, I can totally see my currently meager income of a few Satoshi here and there add up to significant retirement savings. $1600 per day, could turn out to be $584,000 in the future.

Are you acquiring a few Satoshi today?

Ramblings for 2015.08.23

Posted in Blogging, Family, Health, Wordpress with tags , , , , on 2015/08/23 by rmolby

Once again it has been some time since my last post.

The wife and I have been very busy, but yesterday we managed to spend a little time at the Red Rooster Antique mall. We like to peruse the old stuff and while there I found three cookbooks that intrigued me. 20150823_084958

None of the cookbooks are antiques, but rather unusual. The first one I want to mention is the one on the right in the picture, “More-with-Less Cookbook.”

It is the only one of the three that has an ISBN number, and registered with the US Library of Congress, first published in 1976, last edition in 1980.

It is written by Mennonites who are concerned about taking care of the hungry. I plan on writing an extended review of the cookbook at a later date.

The second cookbook is the green one on the left, it is supposedly recipes for hypoglycemics. Titled “Nutritional Cookbook for Hypoglycemics” by the Hypoglycemic Club of the Quad Cities. Same with this one, I will write about later.

The last one, in the middle, may turn out to be a great find. The “McGaw Family Favorites” depicts the family, Samuel Pressely McGaw (b.1827), wife Elizabeth Porter Leslie (b.1832), and kids born from 1852 to 1871. The recipe collection was compiled in 1975, so I am not sure how authentic these recipes are, one for sure isn’t old as it calls for a packets of Lipton Onion Soup mix! However, some of the other recipes look like they could be from the mid to late 1800s.

I have bought a lot of older cookbooks over the last few months, and I plan on eventually blog about all of them, and I hope to make a few of the recipes one of these days, and I will try my best to make a post to this blog with pictures and what my families opinion is of each recipe.

Hope to get to cooking as soon as it cool of in my “neck of the burbs.”

Technology – Google restructuring

Posted in Android, Blogging, Business, Economy, Technology with tags , , on 2015/08/11 by rmolby

I just saw an article on tom’s HARDWARE stating that a new umbrella company, Alphabet, will “own” Google, and that all the smaller projects they have running under the Google umbrella will become independent subsidiaries under the new Alphabet group.

According to Larry Page, this is to enable Google to re-focus on it’s core mission, and spin off any successful projects as separate business units with their own budgets and CEOs.

I personally think this is a good idea. Google is a behemoth that must be difficult to manage, and probably impossible to audit. Too many small projects cluttering up the business. By breaking things up each business unit should be able to run meaner, and maybe leaner once it is running profitably.

Ramblings for 2015.07.05

Posted in Blogging with tags , on 2015/07/05 by rmolby

Well, yesterday I didn’t feel so hot. I was achy all over and it was too hot and humid outside to do anything, so I vegetated a lot.

I have to say, I forgot how much time I used to spend on creating the Google Doodle posts… as yesterdays took me a long time time to put together. I will probably reserve these to special dates like the holidays and so on.

Well, not much else to say. I am busy as heck and will try to post more if I can.

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