I will literally mine every block for free with my bitaxes if that’s what it takes. OK can we all stop worrying about the mempool now🤣
for real though, the block reward doesn’t end until 2140, and every four years since the genesis block the reward in BTC terms has been halved, yet the real world purchasing power of a block reward has gone up exponentially. This is not our main problem right now, focus on what really matters. There are like 7 pools mining all the blocks, that matters. Bitcoin is still not an efficient medium of exchange if you want complete privacy, focus on that. The mempool is not a problem at the moment IMHO.
GOOD MORNING NOSTR.
LIVE FREE. 🫡
https://cdn.satellite.earth/0e8a75a622f6738f8128ee48762516c8d02eb679a4fdcdf0e3db24ee1d939730.mp4
GM⚡️
since joining nostr I’ve pretty much used the lightning network every single day.
it clicks way more for me now than it did a couple years back.
I’ve never been a part of a constructive religious debate. no one is changing their mind
or more people are using L2s and hodling
legal tender is more important than the government having a reserve IMO. protecting Bitcoin as cash as opposed to treating it like property and removing cap gains taxes will be hugely important
i’m stacking sats faster than the linkedin NPCs are stacking their bullshit certifications
these people having that reaction to him is a major green flag lol
it’s sad because it’s true lol
a few geebs and a run through the woods usually helps me
The first-ever BTC Frame Founder’s Edition (Serial #001) will be auctioned tomorrow on Scarce City!
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0.01327893 BTC
that’s kind of what I was thinking as I was watching the Nasdaq tank. My gut says this should mean cheaper better tech for them as well so was wondering why everyone is panicking
So what’s all the hoopla about DeepSeek and why is it breaking everybody’s brain right now in Ai?
I’ve been doing a dive for a couple of days and these are the main deets I’ve pulled together, will have a Guy’s Take on it soon, so stay tuned to the nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q feed
DeepSeek ELI5:
• US has been hailed as the leader in Ai, while pushing fears that we need to be closed and not share with China cuz evil CCP and they can’t figure it out without us
• ChatGPT and “Open”Ai is poster child, eating up retarded amounts of capital for training and inference (using) LLMs. Estimates say around $100 million or more for ChatGPT o1 model.
• In just a couple of weeks China drops numerous open source models with incredible results, Hunyuan for video, Minimax, and now DeepSeek. All open source, all insanely competitive with the premiere closed source in the US.
• DeepSeek actually surpassed ChatGPT o1 on most benchmarks, particularly math, logic, and coding.
• DeepSeek is also totally open with how its thought process works, it explains and shows its work as it runs, while ChatGPT makes that proprietary. This makes building with, troubleshooting, and understanding with DeepSeek much better.
• DeepSeek is also multimodal, so you can give it PDFs, images, connect it to the internet, etc. it’s a literal full personal assistant with just a few tools to plug into it.
• The API costs 95% LESS than ChatGPT API per call. They claim that is a profitable price as well, while OpenAi is bleeding money.
• They state that DeepSeek cost only $5.6 million to train and operate.
• Capital controls on GPUs and chips went into effect in the past year or two trying to prevent China from “catching up,” and it seems to have failed miserably. As it seems China was able to do 20x the results per dollar with inferior hardware.
• The US model of Ai, its costs, its capes structure, and the massive demand for chips has been the model for assessing the valuation, pricing, and future demand of the entire Ai industry. DeepSeek just took a giant dump on all of it by out performing and spending a tiny fraction to achieve it while also dealing with lack of access to the newest chips.
All of this together is why people are freaking out about a plummet to Nvidia price, reevaluation of OpenAi, and the failure of US to stay dominant or even the legitimacy of staying proprietary as it may just cause us to fall behind rather than lead. All after a $700 billion investment was just announced that now just kinda looks like incompetent corporations wasting horrendous amounts of money for something they won’t even share with people, that you can’t run locally, and is surpassed by a few lean Chinese startups with barely a few million.
here’s a 50 IQ question: if this is all open source, what’s preventing Nasdaq companies from integrating this model into their ecosystems?
wait is this price action supposed to scare me?