Running 29.0, filtering large op_returns (83bytes) and chilln This is plan for awhile

The humans who build the good LLM models are valuable.... but models themselves are hard to fully monetize as the will be *copied* *reverse enginnered* *stolen* *stripped down* AI companies are way, way overvalued

✅Information wants to be free ✅High quality digital information *finds a way* to be free ✅AI models are digital information ✅AI companies are worth trillions....really? ✅What am I missing here?

Saving in hard money without permission for my future self. Meanwhile... Degens buying a tokenize IPO promise of a paper promise, of a space/AI datacenter product that is at best decades away 🤡 show

@Simple Steve On soft fork nuance: BIP110 activation dynamics are not same as Segwit (BIP148/141/91) https://fountain.fm/clip/F2w7d9sbwrL2kLhfiXYN

Maple AI estimate of Total global sovereign issuance 10y gov bonds: Including (OECD + emerging markets) is likely in the $18–$22 trillion per year range recently. The 10-year tenor is typically one of the most liquid benchmark maturities. If it represents roughly 15–25% of total sovereign issuance by volume (a rough industry heuristic, not a hard statistic), that would imply: ~$2.5–$5 trillion per year globally for 10-year government bonds ~$200–$450 billion per month on average

#deck -life almost done Summer is near

Bullish LFG

Austrian Value Theory The Austrian concept of value at the margin (or marginal utility) is the idea that the value of a good is determined not by its total usefulness or the labor required to produce it, but by the least important use to which an additional (marginal) unit can be put. Why It Mattered This overturned the classical economists' labor theory of value. The Austrians showed that value is causally prior to price: people first subjectively value goods at the margin, and those valuations give rise to exchange ratios (prices) in the market. In short, to the Austrian School, value is an ordinal, subjective ranking of the specific, marginal satisfaction a person expects from one more unit of a good.

Austrian Econ for the common man - well worth the listen.

Fountain: Podcasts & Music

The Jack Mallers Show • Bitcoin Memorial Day Briefing • Listen on Fountain

Streaming live Mondays at 6pm ET on The Jack Mallers Show YouTube channel.

What does everybody want? a cash-like instrument backed by the government a cash-like instrument backed by math and physics

Spotify

Arthur Hayes: The Bitcoin Liquidity Wave Is Here

What Bitcoin Did · Episode

Is the world likely to converge on a neutral sound money? It has happened before and it seems to be heading this way again. Gold or Bitcoin? Bitcoin as both a bearer asset + a digital network seems well positioned to win.