All miners sell bitcoin to one degree or another. They have to cover their opex

Don’t tell yourself you have to do something, or that you should be doing something.

Because then when you aren’t you will feel negative and give up.

Tell yourself instead…

My preference is _________ and when I do ________ I feel better.

“My preference is to sleep 8 hours and when I do I feel better, but if I don’t I’ll be fine too.”

“My preference is to eat less and when I do I feel better, but my freind is in town and they want to go out.”

This helps you reframe away from black and white thinking and shift more into preference and acceptance.

Humans are imperfectly made, give yourself wiggle room to do the right thing most of the time but never all of the time.

It’s really dead simple when you think about it in these terms. MSTR is outperforming because they buy and hold the Bitcoin whereas the other two entities sell it.

Most people don’t have any serious mental health issues.

Just ordinary misery.

A little depression and a little anxiety are normal.

That’s part of an ordinary life. Not something that needs to be medicated.

Not something that requires years of therapy.

Just the normal course of events.

And can be remedied quite easily with exercise, nutrition, social relationships, sunlight and a feeling of purpose.

STATUS: While y'all are fretting over daily fiat price action, I'm stacking #radiology CME. 👀

John Steinbeck once said, that socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires.

How many of these could be restarted? Sounds like at least 7 from what you said. Are they the only ones?

Maybe. But all bets are off now that we know that big Data wants big power.

Maybe this is a lever we can use to untangle the bureaucratic inertia that has built up around the sector.

Any reactor that has been shut down in the last 15 years citing economic reasons is potentially in play.

Oh no, gas got cheap for a few years so let's just retire GWs of capacity, assuming it won't be needed later.

San Onofre, Vermont Yankee, Fort Calhoun, Oyster Creek, Pilgrim, Duane Arnold, Indian Point. Any one of these can be brought back to life, Palisades, and now TMI are already underway.

We have the momentum on our side now. Just a few legacy hangups like the the Linear No Threshold theory that lacks evidence, yet underpins all nuclear safety policy, to re-evaluate and we can shed some dead weight that has been a massive burden on the advancement of nuclear technology.

Gradually, then Suddenly, the nuclear renaissance is upon us.

Any reactor that has been shut down in the last 15 years citing economic reasons is potentially in play.

Oh no, gas got cheap for a few years so let's just retire GWs of capacity, assuming it won't be needed later.

San Onofre, Vermont Yankee, Fort Calhoun, Oyster Creek, Pilgrim, Duane Arnold, Indian Point. Any one of these can be brought back to life, Palisades, and now TMI are already underway.

We have the momentum on our side now. Just a few legacy hangups like the the Linear No Threshold theory that lacks evidence, yet underpins all nuclear safety policy, to re-evaluate and we can shed some dead weight that has been a massive burden on the advancement of nuclear technology.

Gradually, then Suddenly, the nuclear renaissance is upon us.

We do have a process called gluconeogenesis that turns protein and fat into glucose BUT not everyone is very great at doing this. I am one of those, I tried while working for Diet Doctor to adapt to the keto diet for over a year, with no success. Then tried carnivore 2 times, failed both after only 2 weeks (total crash), then tried carnivore & fruit just recently. Guess what? I’m bad at using fructose as an energy source too… Back to carbs. 🙂 Listen to your body.

Three Mile Island Unit 2 Revival!

Demand for power from big data is about to grow at an unprecedented rate.

20 year deal, $100/MWh, Microsoft wants every watt.

I wonder what happens when nuclear power plant owners and Small Modular Reactor vendors realize that they don't need a relationship with a counterparty if they mine Bitcoin?

A fleet of new S21Pro Hydro ASICs will net their owner $150/MWh, at current hashprice.

STATUS: Bored with seemingly every topic.

Simple, sharable steps to adopt a Proper Human Diet

1. Eliminate anything containing added sugar from your diet.

This sugar provides no benefit to your body and leads to high blood sugar, high insulin levels & chronic inflammation. This includes fruit juices which in many cases contain more sugar than a Coke.

2. Eliminate all grains & legumes from your diet. Wheat, rice, oats, corn, soybeans, etc. These have very little in the way of meaningful nutrition and contain 2 things to avoid; i. starch-long chains of sugar that break down into sugar in your body & ii. gluten-like inflammatory proteins that lead to chronic inflammation.

3. Eliminate seed oils from your diet. Canola, soybean, corn, peanut, sunflower, safflower, etc. These oils are new to the human diet and contain too much Omega-6 fatty acids that research has shown to lead to chronic inflammation in some people.

*** These 1st 3 steps will remove 100% of ultra-processed food from your diet and will give immediate results (in weeks) for 80% of people.

4. Make sure each meal contains meat, seafood or eggs. These foods were eaten by your ancestors for millions of years and are very nutrient-dense. Although many main-stream sources claim that these foods are inflammatory, we've seen bloodwork from 10,000's of people whose inflammatory markers go down on meat.

Carbohydrate Knob theory: Some people can tolerated more carbs than others. People who fatten easily or develop diabetes easily need to turn down their carb intake knob closer to zero. Young, active people can tolerate more natural carbs in their diet. Remember, there is no Need for carbs in the diet. As you turn down the Carb Intake Knob more & more you will be eating more meat, eggs & seafood...

Snacking: Snacking is never healthy, regardless of the snack. Eat discrete meals during the day separated by periods of not eating. Eating due to boredom or stress is never a healthy choice.

Plant Toxins: All plants use chemical defense chemicals to protect their parts, this is inarguable. Some plants are more toxic than others. Some people can tolerate these toxins more than others. Anyone suffering from inflammatory or auto-immune disease should try 90 days of Carnivore to see if they are reacting to the plant chemicals.

DAIRY: All mammals (you) can tolerate dairy as an infant. At about age 4-8 years most people (70% +/-) become lactose intolerant. That is not the only problem with dairy. Many people also become sensitive to the Caseins & Wheys in milk. This manifests in inflammatory conditions of the skin, joints, gut, mental... Dairy also contains caso-morphins that mimic morphine in the brain and can make dairy addictive to some people. This is good for keeping babies interested in mother's milk, but can cause adults to over eat/drink dairy for the good feeling. Some cheeses actually concentrate the caso-morphin content...

OK, that a good beginner course, I will answer every good question you ask here...

They probably won't announce the start of QE (purchasing Treasuries and/or MBS) today. Instead, they are likely to focus on the federal funds rate and their future intentions (with the FFR).

US net liquidity is separate from global M2 monetary supply... but they generally ebb and flow in relation to each other.

On the morning of (an unusually pivotal) #FOMC meeting, the CME futures market is predicting a 65% chance of a 50 bps cut of the federal funds rate, and a 35% chance of a 25 bps rate cut.

MORE IMPORTANT TO ME as a fund manager is what the FOMC minutes and Jerome Powell have to say (definitively) about the Fed's balance sheet going forward.

Will #QE begin in earnest? Or will the Fed wait for turmoil in the bond markets before ending "not-QT"?

In other words, will a new wave of liquidity begin to flow from the US government into the private sector? If so, at what rate?

Because we have non-free, centrally-manipulated markets, I will be watching today's events with great interest.

🍿 #macro

The Harry Potter series was an example where, whenever fans voted for their favorite character, it usually wasn't Harry Potter. He'd be in the runningb but not at the top.

Fans were like, "I mean, we all like Harry. But we don't necessarily *love* him. And he's not *fucking memorable*. He's kind of boring.

Many people instead preferred Snape, Hermione, Black, Dumbledore, Dobby, etc.

-The very deep anti-hero or pseudo-villain. Highly conflicted, dark, and emotional, but sides with good. (Snape)

-The smartest one that fixes everything. (The books were read by bookish types, and Hermione was their bookish character identifier.)

-The wise mentor. Usually among the strongest, but from the prior generation. The plot has to factor him/her out. (Dumbledore)

-The chad scary seeming-villain who is actually a hero. (Sirius)

-The ultra-weak character, with charisma and talents, that manipulates things around the margins and morally *has* to fucking win. (Dobby).

Something libertarians are clueless about.

Free speech is the most important part of a free market.

Just because I don’t believe a state authority should have the ability to threaten you does not mean I have to like or condone your behavior.

If you see something you don’t like say it and say it loudly.

Free speech is the lubricant that keeps markets free and functional.