Whoa, just saw that Austria goal. ⚽

For those of you thinking that Trump killed the Fedcoin project out of concern for the well-being of the US public. Nah, he just has his own dollar stablecoin project. View quoted note →

Okay, I get it. This seems crazy. That was the point of my note. It only seems crazy. Expecting to pay people high salaries to perform labor that has been performed in some form since _before there was money_ was always the crazy thing. Money was invented to get people to perform additional, more-marginal things. It was meant to smooth trade over distances or time, to recompense risk-taking, for gambling, for emergency savings. Most labor is done within a social unit and not for trade between units. Social units have their own form of recompense, such as status, honors, privilege, sex, presents, etc. Not all profits need be monetary. Thinking money is everything and should therefore cover everything. That is the craziness.

It doesn't matter who the prime minister is. It only matters if they are willing to do what needs be done. The UK government has spent decades doing national giveaways to the super-rich, financed by monetary inflation, government debt issuance, fire sales of public assets, and crushing austerity. The bond traders have finally had enough of the Chancellor stooping to such libertardian nonsense. They know that there is only one place where there is now enough money to ever pay back their principal with interest, and they have sent the UK government the clear message: > What we are asking for is a very large amount of our own money back. The massive windfall of North Sea gas—which allowed Thatcher to have her cake and eat it, too—is no longer the seemingly bottomless pit of government income that it once was. The incoming chancellor will have to look for the money _where it is currently located_, or they must face the public and advise them to get used to gruel dinners and a lifespan of 65. Alternatively, they could abandon all pretense of being a nation state, leave all military and political alliances, rename themselves "Greenland", and hope Trump makes them a deal. Not that it would help, for long. As the USA might be next on the bond market's list... #Brits #economy #ChancellorOnBrinkOfSecondBailoutForBanks

A short explanation for why you don't have to pay parents to parent. View quoted note →

View quoted note →

You can't understand the world until you realize that, just as Bitcoin made money a commodity, AI has done the same with intelligence. The models are everything, but the models are also irrelevant. _You_ are the only part of the equation that isn't a commodity. View quoted note →

It doesn't make economic sense to not use the top-line AI and to not use it even harder. If you are not getting paid to dev, it actually makes _less economic sense_ to not just cough up the dough because you can use the time you have won to earn money doing something else (or to enjoy what you have built with the additional leisure time), which would quickly make up the difference. Cursor Ultra costs €175, which is 13 hours of minimum wage work in Germany. Can I manage to lean hard into AI and squeeze out 13 hours of productivity gains? You betcha.