Nuclear energy is the future.
More and more people are beginning to point out the shrinkflation they are encountering throughout the economy.
Dish soap.
Gorilla glue.
Kahlua.
Toothpaste.
Crackers.
Gatorade.
Bacon.
Eggs.
Chewing gum.
Everything is getting smaller while prices remain the same or increase.
https://tftc.io/martys-bent/issue-1327-shrinkflation-is-not-included-in-cpi-data/
Recorded with Kelly Lannan this afternoon about the state of the real estate market, urban planning, the maintenance debt that exists throughout the US, and a bunch of other stuff.
One part of the conversation really drove home the pernicious aspect of shrinkflation.
People are paying 20% more to get 60% of a good or service. We all know that CPI is a bunk manipulated metric, but the manipulation is particularly cruel when you begin to factor in shrinkflation not being accounted for.
Bitcoin zen state.
This is my energy. Mute me if you don’t want to see it.
The federal government locked you down, printed trillions, tried to force an experimental gene therapy on you, and crippled the economy in the process.
Now that same government is trying to drag you into World War III.
Maybe it doesn't have your best interests in mind.
The same government is now trying to gaslight you into believing that sovereign money, robust communication tools, and healthy whole foods are hurting you.
"Bitcoin is for criminals and uses too much energy."
"Open communication makes it hard to stop misinformation from spreading."
"Cows are destroying the environment."
"We need to send $100B+ to support a war in a foreign land."
These people are shameless cretins making the world materially worse off. They should be cast away and ignored.
The 2Y Treasury Note rate is above the Fed Funds Rate. Markets are expecting inflation to remain elevated for longer.
The Fed is screwed. Hiking rates is doing little to nothing to tame inflation. They’re going to crater the jobs, real estate and auto markets and have to pivot while inflation is still screaming.
The world is becoming more polarized which will only exacerbate the problem.
The process of hyperinflation has started.
Go live in 39 minutes. No RHR Nostr account… yet.
Feel bad for Silvergate. The lesson of getting entangled with shitcoiners is a harsh one.
Bitcoin mining is igniting an engineering Renaissance that many aren't aware of. Rate Browning and Isaac Fithian from Cathedra dive into everything a miner needs to take into consideration when building. From different off-grid models to underclocking strategies.
Rete and Isaac have been a cheat code for me over the last 5 years when it comes to leveling up my knowledge of bitcoin mining. Very happy we finally sat down to highlight everything they've built. This is one of the highest signal rips I've ever recorded.
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Whether he realizes it or not, President Biden is lying to the American people. The US has defaulted on its debt more than once in the past and it is in the process of defaulting on the debt right now. This default isn't like the one that occurred in 1971 when Nixon ripped the world off the gold standard when countries started redeeming dollars for gold en masse when it became clear the US government had issued more dollars than the gold they had in reserves should have allowed. Yes, the US will likely not be defaulting on their debts outright in 2023. However, as we discussed last week, the US has decided to follow the path to default taken by countries like Venezuela, Argentina and Zimbabwe; debasement.
Hot damn this Damus update is smooth.
Bitcoin mining is igniting an engineering renaissance that almost no one notices. People think miners simply plug miners into a socket, but mining operations have to understand physics, heat density, electrical engineering, software, firmware, control systems, HVAC systems, dynamic pricing signals and much more to run reliably and profitably. Dropping a rip on Friday that dives into all of this.
Bitcoin mining isn't "sustainable" it's an efficient use of excess energy. Nothing is sustainable. Everything comes with tradeoffs.
"Carbon Accounting" is a pseudoscience that enables seigniorage and capital misallocation. Bitcoin kills carbon accounting.
The pool we point our hash to has StratumV2 enabled.
Really enjoyed this conversation with Amjad Masad. We talked about Replit being a great example of a company that materialized from a founder scratching his own itch, how Replit is lowering the barrier to entry for developers around the world, how Replit is helping developers get paid, the emergence of AI, whether or not AI is going to kill us, the importance of bitcoin within the internet stack, and how Replit plans to implement lightning. I think I may have even purple pilled him successfully.
https://tftc.io/tftc-podcast/398-replit-ai-and-bitcoin-with-amjad-masad/