Hot Thanksgiving Take: Weight loss drugs will have way more impact than AI over the next 10 years.

Even Hotter Take: AI is a much bigger bubble than Bitcoin ever was.

Retarded guy doesn’t realize he’s the retarded guy thinks all the other guys are retarded guys. Many such cases.

Been in Eastern Europe for two weeks and haven’t seen a single obese person…

Why is that?

I think my favorite part of Eastern Europe is they fucking hate communism because they literally lived it and aren’t retarded enough to want it again.

Bitcoin mining cannot be centralized (for long) because it operates in the free market - forcing innovation in energy and a constant exploration to find lower energy costs and better compute. In other words - Legacy miners have very little advantage.

In fact, even if miners tried to game a system to win more fees in the short term (inscriptions etc) they would only hurt themselves. Malinvestments in running in high cost energy sites that should have been closed or moved to HPC because they believe they’re still “profitable” Instead of being forced by the market to innovate, they try to game it to increase fees.

In other words, by focusing on fees rather than lower cost energy (and/or utilizing the heat) creative destruction plays out at scale.

Random thoughts for a Saturday night in case someone tells you that something has to change to protect against the centralization of miners.

It’s always entertaining to me when someone says Americans are dumb.

These people have clearly never spent time in americas elite circles.

The top Americans outcompete everyone on earth in every category.

It’s not even close.

and then we elected a central banker who seems to be running a playbook of more regulation, centralization and surveillance.

Many rich countries in resources (Venezuela) don’t have policies to protect their citizens and as it gets worse, citizens vote for more of it….. ultimately it is why I left.

Except that's NOT how censorship resistance works.

Censorship resistance comes from anyone being able to mine a block