A shocking number of people have used amphetamines at some point in their life to brute force something that they want while ignoring something that they may need

Halting of trading of a publicly listed companies is a Fiat phenomenon

I’ll call it here first: Sam Altman will turn out to be the SBF of AI. Gives off weird vibes

Good morning!

This is where we should be prepared for the greatest FUD yet as a lot of very powerful people realize this is not going away and yet they have no way of acquiring an amount that will preserve their relative wealth and power.

Spot ETF approved.

The reason Bitcoin is more important as a technology than AI is that we need Bitcoin to reinstate a functioning market in which AI can be put to work against the right objectives and products. Right now the market is so distorted by Fiat money that AI could and will be put to very harmful ends.

I also think @gladstein made an important point here that is being made too rarely: We have mo idea what Bukele is actually doing wrt Bitcoin. He’s not being audited. Until El Salvador’s Bitcoin holdings are audited we should be very skeptical. View quoted note →

Been sending this note to friends @Jeff Booth @gladstein @Peter McCormack If this Christmas you want to enrich someone with the gift of understanding the most important invention of our lifetime, listen to and share this interview which was captured in a plane cruising above the savannah of the country of Malawi 🇲🇼 Here are some key take-aways: - The system we all live is a fraudulent system, where the government, central bank and those sitting closest to it are constantly stealing purchasing power from us - ⁠This is happening at an increasing rate in the west but it is worst in 3rd world countries like Malawi, where people who live on fertile soil and who used to be self-sufficient have become slaves to the IMF and global dollar standard - ⁠In a truly free market which none of us have ever experienced, prices for almost everything should go down every year due to technological progress, instead we have increasing inflation every year. The difference between technological progress and de facto inflation is a good measure for the amount of theft occurring in a system. - ⁠We need to stop patronizing these people thinking they need our charity and empathy. They don’t need anything more than access to money which lets them store the fruits of their labor. - ⁠Ongoing technological improvements in Bitcoin will make this easier and easier - ⁠There are many grassroots Bitcoin developments in these countries, including villages that have access to electricity for the first time by just deploying a couple of Bitcoin miners that finance micro hydro power plants generating electricity from a nearby stream. - ⁠Our societies are increasingly radicalized because people are being impoverished by the theft of inflation imposed on them by our central banks. None of the other technologies we’re building are going to matter unless we can stop crime, violence and radicalization created by inflation.

Spotify

Bitcoin, a 30,000ft View with Jeff Booth & Alex Gladstein - WBD751

The Peter McCormack Show · Episode

I would be shocked if Ozempic doesn’t end up being a total trainwreck. Rarely such a thing as a free lunch when it comes to human health.

So well articulated! View quoted note →

My standard comment about most FT stories about the many Financial disasters in the making we’re surrounded by

Something feels off with London’s real estate market. I’ve been observing for about 6 months now and there is hardly any new inventory coming on the market. Clearly people is waiting to sell but I would have expected more forced sales at this point…

An audit or another good reason to trust that those Bitcoin holdings haven’t already been divided up between Bukele and his family or that they won’t suddenly vanish one day when he is no longer in power? View quoted note →

Needless to say I love what El Salvador is doing on the surface. But my suspicious side is wondering whether anyone is auditing these Bitcoin holdings. Bukele turning out to be a fraud would be another painful blow to our efforts. It wouldn’t kill Bitcoin by any means but it may set us back by a couple of years. Anyone know anything about a potential audit?

X (formerly Twitter)

Nayib Bukele (@nayibbukele) on X

Why we don’t sell our #Bitcoin? ¿Por qué no vendemos nuestros #Bitcoin?

77k views on this within a month. That’s quite remarkable!

🤯 only catching up with some of the #nostrasia talks now. Congrats on your work at Prism @bob . About to sign up to some of the prism services! View quoted note →

Listening to Citadel Dispatch with @miljan and @ODELL on my Friday night… and playing around with @primal 1.0 for iOS

+1 View quoted note →

Stay humble, there are gonna be many more obstacles to overcome