the absolute obvious & biggest threat to AI businesses is a brutal price war where all companies keep undercutting each other on inference costs to win volume, even as they carry massive capEx debt for data centers & GPUs that all still needs to be paid down… yet crushing their margins in the process.

A word of advice from a former Realtor… me NEVER buy the nicest, or highest-appraised, home in a neighborhood. Instead, buy the home that’s in the middle of the neighborhood’s value range, or better yet, one that’s below it. You’ll have far more room for appreciation over time, & when it’s time to sell, your pool of potential buyers will be significantly larger. Families will always pay a premium to live in a desirable neighborhood. That’s why it’s always better to own one of the more modest homes in a great area than the most expensive home on the block.

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Say What! 🤯 just discovered… if you buy Bitcoin via @Bitkey app via @Cash App , there are zero fees & zero spread & zero cold storage transfer fees for100k sats or more through the end of the year

The Jekyll Island Club was founded in 1886 with 50 founding members. J.P. Morgan, William Rockefeller, William Vanderbilt, Joseph Pulitzer, Marshall Field, & other titans of the Gilded Age purchased the entire island for $125,000 & built an ultra exclusive retreat for hunting, golf, fishing, yachting, lavish entertaining & debauchery. Then in November 1910. A small group of powerful bankers and government officials quietly gathered at the club under the cover of a “duck hunting trip.” During those secret meetings, they drafted the Aldrich Plan… the blueprint that ultimately became the Federal Reserve Act, which became law in 1913.

the low country

beers lubricated decisions purchased local art

end of summer family vacation drinking beers at a guilded age resort

my 🔥 fkn take: This week was a cleansing of self-custody Bitcoiners. Want to weaken a community? Break the zealots. Remove the figureheads. Scare off as many as possible. I continue to believe Bitcoin’s true use case is self-custody: sovereign, permissionless, & independent of any third party. I do not view this as tempting fate. I view it as fulfilling the vision Satoshi intended… holding the world’s most impeccable collateral with absolute sovereignty.

all this feels like a very suspicious timeline of events… 1. just days before a potential Bitcoin chain split, the first in 9 years… 2. the Clarity Act deadline is only days away… 3. BlackRock publicly backed the Clarity Act on Thursday… 4. BlackRock, Coinbase & Strategy are “hero’s” for contributing $15M to Bitcoin Core developers… 5. Now, the ColdCard exploit. WTF… his exploit has been sitting there since 2021 So why is it all unfolding this week… is this really all one big coincidence?

yes. we didn’t stop driving our vehicles because somebody “might” crash into us. there are risks with everything in life, it is our job to attempt to mitigate them.

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hold up… so all we had to do was ask a frontier AI how to hack the coldcards this entire time? 🤖 🤦🏻‍♂️

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It took four years, but today I was officially made whole from the Celsius Chapter 11 bankruptcy. I never imagined it would play out this way. When Celsius froze everyone’s funds in June 2022, I mentally wrote it off as a total loss. Instead of dwelling on it, I doubled down on stacking sats & rebuilt my family’s Bitcoin position. My biggest takeaway from all of this wasn’t the recovery… it was the conviction. The experience strengthened my belief in Bitcoin & reinforced one lesson above all else: NOT your KEYS NOT your COINS self-custody isn’t optional it’s essential