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Gunson
0cca6201658d5d98239c1511ef402562ff7d72446fb201a8d1857c39e369c9fa
Low status fiat heretic. Often wrong. 2 + 2 = 4

interesting about the blood tests. That seems like a minefield in itself since not everyone agrees which elements changing are "bad". What specifically did you measure that got worse?

I've promised my wife I'd do a before and after test too, but then will need to argue why, for example, an increase in total cholesterol isn't necessarily bad.

Been trying to eat more animal-based food the last few weeks. Have been fairly low carb the last 12 years after first listening to and reading Gary Taubes, but now experimenting with even less plant food (even high fat ones).

Main observations so far:

- Wife resents how I've complicated meal planning 😅

- I smoke up the house once a day and it's not going down well with the family (but I've bought myself a mini outdoor grill, and learned about cold searing steak too so hopefully this won't be so bad anymore)

- Friends I tell think I'm an internet meme and also an eco-villain

- Ribeye is bloody expensive - I need to somehow source some cheaper meat

- I spend a lot of time watching steak and pork belly videos on YouTube

But I sort of maybe feel a bit healthier 🤷‍♂️

Replying to Avatar fnew

When I was a junior lawyer at a Big Law firm, my peers and I often used to wonder how the partners could treat us as they did. Sometimes, I’d arrive at the office on Monday, and not leave the building till Thursday, sleeping one or two hours a night on the floor under my desk, or not at all. We had people in our team fainting in the corridors, and falling downstairs from exhaustion, cracking ribs. Once, I worked for 48 hours without a break, and with no sleep at all. I would have done anything, and told anyone whatever they wanted to hear, if they'd just told me I could go to bed.

We used to think the partners couldn’t possibly treat us like this if they thought we were human; and of course, we were right. We were looking at the question entirely the wrong way round. To the partners, we were not human; we were revenue-generating assets with a fixed cost base (our salaries), and we generated that revenue with our time. So the more revenue they got us to generate over time, the better for them. Only once we came to this realisation did it all make sense.

In the same way, we tend to look at journalism the wrong way round. If we are labouring under the misconception that journalism is a search for truth, then articles like this from Jemima Kelly in the Financial Times can be hard to comprehend. But when we realise that journalism is, fundamentally, no longer a search for truth, but for attention, then it becomes much easier to understand. We have also been looking at this question the wrong way round. Jemima is certainly winning attention for the FT ; witness this post. QED!

Jemima does ask “Is it time for the likes of me to admit we were wrong” about #Bitcoin   . Although you can probably guess my answer to this, I actually wanted to address her conclusion, which is that in relation to #Bitcoin, “there is still no there there.”

In her defence, Jemima has, like many of us, grown up in a world where digital scarcity is an oxymoron. Our whole lives, up to the invention of Bitcoin, have been filled with digital abundance, where anything digital can be endlessly replicated without cost. In such a world, it might be forgivable to think that everything digital or intangible behaves in the same way. Most intangible things do – if I send you an email, we both have the same copy, and other copies exist on servers across the internet. If I tell you an idea, we both have the same idea afterwards.

But Bitcoin is not like this.

If I have a Bitcoin, and send it to you, I cannot reverse that transaction, and I lose control of that Bitcoin forever. It cannot be replicated, and it cannot be copied. It is utterly unique, and in sending it, I have lost it.

This is a poor analogy, but Bitcoin can be thought of as an email I can only send once, and a copy of which I cannot retain once sent. It is an idea that vanishes forever from my mind once I tell it to someone else. It is the discovery of digital scarcity in a world of endlessly copiable digital abundance, and we have never seen anything like it before.

If your job, in any sense, involves the pursuit of truth and the exploration of new ideas, then you should seize the chance to explore and understand something like this with both hands. You should not let the chance slip away, or go on repeating the same facile points for more than a decade after the facts have proven you comprehensively and thoroughly wrong.

https://www.ft.com/content/c4fd2c69-c69a-49e4-9e93-d687aa801e87?sharetype=blocked

#m=image%2Fjpeg&dim=1080x664&blurhash=rAMbGYpJH%3Dx%5Eo%7EZ%7EyYMc%25h.TDNyEMws%3Ax%5ER3tnMdDi%25iIAtSf%2BROtSROt8%25NRjofWAj%3Foef%2Bo0bINGaJo%7EWAjFo%23emg4V%3F.9SiV%40ozWVjEX8nhbc&x=b48893738dcb8b98e462ca6881143c8b7ac4cac71195ddbca872dc317dc6f5bc

🎯

I used to be a management consultant thinking our job was to fix businesses. Eventually realized the obvious that the business model of consulting firms is to sell consulting (duh). Lots of ineffective work, and in some cases corruption, were the result. And also some long hours for us juniors - no cracked ribs (!) but a few 100 hr weeks so that partners could make massive bonuses selling hot air.

Such a great insight, and rightfully applied to ~most journalism. You could make similar analogies for doctors, scientists, even charity workers too unfortunately.

I have friends who manage other peoples' money at large asset managers who similarly don't get Bitcoin. In fact, they're all into ESG and whatever else they're incetivised by. Sad, but many examples. Maybe they'll listen once their companies start offering Bitcoin products 😂

Seems great for big banks:

1. allows smaller banks to survive long enough to be forcibly acquired by JPM etc. with some Fed sweeteners

2. allows bigger banks ability to hide and buy time for Fed to figure out some other way to steal citizens' money and bail them out

New Primal Android app is almost perfect, but:

- still buggy

- being able to @ people only sometimes works

- one click zapping doesn't work, have to press and hold and use one of the silly presets

- feed refreshing doesn't always work - have to reopen app a few times

- inline media not as good as Amethyst

- no conversation view

Bullish though since these are all extremely solvable problems, and it's already great. Some issues may just be my setup with #grapheneos

Seth revealed his true colours in the "coinkite isn't FOSS" saga. Larping for profit. Many such cases.

ah man, this WBD Rizzo interview is so tiresome - the amount of sophistry is incredible, his arguments are such slippery half truths made with full confidence. Quite disappointed with him.

looks like we're homing in on the next big wave of scams

2017 ICO

2021 Defi and NFT

2024/5 Bitcoin L2?

more inflows overall, and presumably some GBTC holders also rotating into real Bitcoin not reflected here

raises the question about why the price is down?

probably non-ETF markets selling the news and responding to macro stuff

In short: Suits & degens doing their thing - just keep stacking 🌽

City residents in Berkeley started installing benches at bus stops because the government is too incompetent. Government then tries to discourage it saying the benches could be unsafe, and asking people to use official channels to request benches. People tried the supposed official channel and got referred to another channel that didn't work.

Yet another datapoint that we usually don't need government, and all they really do is waste taxpayer money on bureaucracy.

https://www.berkeleyside.org/2024/01/12/benches-bus-stops-berkeley-oakland-guerilla-makeshift-diy-activists

Thanks - great distillation and framing of some complex topics. I loved the way you explained how merchant adoption is not 0 or 1 since being able to exchange for casino chips (fiat) enables Bitcoin spending.

Realized that I don't mind following rules. I just can't when they're unjust, stupid, inconsistent or arbitrarily changed.

I think this is part of why Bitcoin appeals to people with both conservative (like rules) and liberal (dislike injustice) predilections.

Potentially positive dynamic of Bitcoin ETFs is that providers are incetivised by management fees and NOT trading. This means they have an incentive to rather direct people to a product they will stay in and not shift around to shitcoin ETFs. I'm sure they'll still offer shitcoin ETFs, but it will be an entirely different dynamic vs. the "shitcoin casinos" like Binance.

Replying to Avatar ck

Wild.

Vivek seems to have run the Ron Paul playbook. A no hope campaign, but interesting enough to ensure his ideas get spread.

Cue left-wing newspaper articles with headlines "having your bank account frozen is good actually" just to spite Trump.