“I don’t believe that we shall ever have a good money again before we take the thing out of the hands of government. Because we can’t take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something they can’t stop.” – F.A. Hayek on Bitcoin, 1984

Swift is launching a blockchain. Ngmi but it's nice to see them fritter away resources on a fool's errand. https://www.swift.com/news-events/press-releases/swift-add-blockchain-based-ledger-its-infrastructure-stack-groundbreaking-move-accelerate-and-scale-benefits-digital-finance

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"[T]he American dream is not 'let them eat flat screens.'" - Secretary of the Treasury Scott Bessent I think about this sometimes and what it portends for the most profitable uses of capital in the digital age.

GM. Beautiful day to not be a subject of some government!

The FBI agents assigned to surveil bitcoiners must be having a gay old time right now

GM. Bitcoin doesn't have a debt ceiling. #economics #econstr

I wonder what capabilities are available to the US government when pairing space-based synthetic aperture radar collection (Starlink?) with AI-augmented analytic tools. Then I wonder if adversarial governments can match or deny those capabilities.

Some of the best and worst moments of my life took place at Bagram. This is crazy. View quoted note →

We're going to ZIRP by the end of 2026 or I'll try unsuccessfully to delete this note #econstr #economics