Still going with this thesis:
Honeybadger/antifragile path:
✅DEMs win, US fiscal discipline suffers, inflation rips, they threaten self custody, 6102, tax —> galvanizes builders, freedom tools accelerate, adoption rate increases: price up & to the right, steady, humble gains =
WINNING
FOMO path:
✅orange-man wins, slightly better fiscal discipline, inflation still likely, slightly better rules/laws/tax treatment —> US based bitcoin companies thrive and build, kicks off an insane nation-state / corporate FOMO, adoption accelerates, price is insane =
WINNING
AI is geographically restrained
- Troy Cross
Outstanding review of basics.
https://open.spotify.com/episode/2yKLcFNmBN4BgjrINxKdAA?
When bitstein on Blocktime?
Produce value. Save in bitcoin. Self or collaborative custody. Practice and preach personal responsibility. Spread the word to your local community. Lead by example.
35.7 trillion
The most important number for the US and dollar hegemony
Uniparty won’t be talking about this.
In August 2024, the US government took $307 billion in taxes and spent $687 billion, for a deficit of $380 billion. This works out to be an annualized deficit of $4.56 trillion.
When tether starts reducing their US treasuries/bond (~junk bonds 🤣) buying and switches to stacking more corn, they will likely see more *attention* from the US authorities.
🍿
OpenAI heading towards ponzi territory:
Raises 6.6 billion
Burns through cash on ✅Nvidia chips, energy and data to train algos
✅once trained allows users nearly free access to chew up data/energy on mostly mindless ChatGPT queries to finish your homework faster
✅”keeping talent happy” - this is the rug pull by engineers/reseachers
The 157billion valuation is a joke.
Accuracy >>>> Speed in solving problems that really matter
AI efficiency gains ONLY increases human flourishing if we use the time savings to do real stuff in the real world: build stuff; harvest food; mine stuff; move stuff; find, harness & store energy etc…
Two methods by which non-Bitcoin utility tokens seems to “don’t die” i.e the slow rug pull fleece:
1. Keep getting VC money, Solana
2. Become a Stable Coin, backed by USD, tether. (US needs someone to buy their debt)
I say bleed them both out: VC looking to rug without creating value and USD - dying world reserve currency
npub1lw78wl9c4fryld489hvune6hgykx92alvnjzzrddxkycxk6ew5jsvramt7
Greg - I’m a humble pleb with question:
Given two+ addresses that are generated from the same HD wallet, could an outside observer, heuristically determine that they are indeed generated from the same private key?
Is it possible if they had more addresses?
Peer to peer electronic cash system.
Cash as in final settlement.
Not cash as in *small payments*
US political path forward for bitcoin IMHO:
Legal tender is the goal.
Path is to orange pill as many politicians as possible.
Sell them on NGU.
Pure selfish.
Bitcoin as a critical savings technology for their family’s survival. Convince them they do not want to be left out.
Their loyalties will be to themselves and their families rather than the preservation of the USD.
A bitcoin standard does not exist without separation of money from state.
Play stupid games……
T-REX 2X Long MSTR Daily Target ETF (MSTU)
Honey Badger more nimble than T-REX
T-REX is extinct, badger still around
Alby hub + start9 + Alby Go
Super easy self custodial lightening
Even old guys can do it.
Yo - trying a new Alby wallet - can some one zap me?
When practicing medicine, there’s typically no reward for being fast. It’s all about being right.
I think AI is way over hyped. Yes maybe we can do things faster, but what counts is quality, value, and being correct.
