You can run your own cluster on bare metal yes.

On most clouds this was too expensive to run when I originally set it up so was forced to build my own but with more competition now I’ve found a managed solution that’s cost effective.

Took me a couple weeks to get everything migrated but finally I’m free of bare metal k8s hell.

Oddly I was even able to reduce costs by having less nodes running 24/7.

Now back to something a bit more entertaining… nostr:note1wt04npdy3hu2vmkzglt4qsugjy5vey2grddgp6jtgje3nmg2nnfsn9n8k2

isn't it appropriate for a project to use a lock file to specify a specific state of a dependnancy so errors due to a dependency update can be diagnosed?

One cool thing about having Bitcoin is that they cannot go below zero.

Good morning!

600 blocks to go

Imagine owning 1% of the bitcoin supply and not putting a sat of that into open source devs defending the protocol nostr:note1fy3a900g3kj3uxfg4kd5t748sn5pxhywxxlcym75xyrg2r03yvyq9g86c0

Imagine owning 1% of the bitcoin supply and not putting a sat of that into open source devs defending the protocol nostr:note1fy3a900g3kj3uxfg4kd5t748sn5pxhywxxlcym75xyrg2r03yvyq9g86c0

A couple months ago I had a discussion with the head of digital assets at a multi-trillion AUM financial institution about the topic of whether bitcoin is a risk-on asset or a risk-off asset.

This wasn’t about what it is conceptually (i.e. globally portable finite bearer assets are conceptually good to own in a crisis, neither of us disagreed on this), but rather how its price would *actually* behave in a crisis currently and for the next several years.

Their view was that it could be marketed as a risk-off asset, meaning something that is likely to go up in a crisis, and that if marketed this way it would allow them to put bitcoin ETFs into more portfolios and weight it bigger.

My view was that while of course people should own bitcoin, it’s not yet a risk-off asset in practice in terms of price action, and that marketing it that way is likely to lead to disappointment for those that expect it to perform like that.

We then got into a discussion about how bitcoin went up in the March 2023 banking crisis. They suggested that this is evidence of emerging risk-off behavior, to their point.

I disagreed, and clarified that in my analysis the closest correlation to bitcoin price action is measures of global liquidity. Some types of crises are pro-liquidity and some are anti-liquidity, and will likely affect bitcoin’s price accordingly.

The March 2023 banking crisis was a pro-liquidity event because it was quickly apparent that the Fed/Treasury would bail banks out fast and slow their rate hikes. Therefore, bitcoin went up not because it was a risk-off asset per se, but rather because it behaved as a pro-liquidity asset as it frequently has.

The Iran/Israel event this weekend was an anti-liquidity crisis because it contributed to a flight-to-safety move toward the dollar (i.e. the unit of account for which the most debt is denominated in, and debt represents inflexible demand for that unit). A sharp move up in the dollar is bad for global liquidity because it hardens the debts of various foreign entities (sovereigns and corporations) relative to their cash flows (which are to varying degrees partially or completely denominated in fiat units other than the dollar). And so bitcoin behaved as it normally does: it went down amid falling global liquidity.

At this stage (with its relatively small size, high volatility, and poor understanding of most people for the asset), I continue to view bitcoin price action as likely to be pretty correlated with global liquidity for a while. Understanding that dynamic is helpful when communicating expectations to people and when determining which types of crises are likely to push its price up or down. Yes, bitcoin is a risk-off asset conceptually, but in practice in terms of macro price action it is still a pro-liquidity asset primarily.

When bitcoin price action starts to behave differently from that trend, I’d be happy to report on that observation.

What is that? A totally idiotic and rude comment🤷

Be a chad

GM

Stupid is what stupid does! 🐶🐾🤣👍🏻

Oh you got me 👍

Actually not precisely. I think God told him multiple times to get his shit together and build it.

I came to dispise Go immediate after writing this and moved onto Haskell. I came back to Go later on, I think it’s mostly ok, just really dumb and boring, which isn’t necessarily a bad thing.

When I was a kid, I was interested in aerospace engineering.

My half-brother (who is 30 years older than me and was therefore old enough to be an uncle and had that kind of relationship to me) spent his career as an engineer and then an executive at a major aerospace defense contractor.

He was the most accomplished person of my family and was raising a happy family, he always kind of represented a role model of who I wanted to be. Hard-working, successful, well-off, and with good priorities around building a happy family.

As I studied math and science in high school and engineering in college, I assumed that would probably go work for the same company as him one day (which two of his three kids do now). As a teenager, I could tell you how many aircraft carrier groups the US had, roughly how many B-2 bombers the US had, how much they cost, the technical pros and cons of various fighter jets, comparative missile arsenals among global powers, etc.

But when it came time to graduate and go into engineering (during the Iraq War which I opposed), I couldn’t do it. It’s not that I am opposed to advancing aerospace or making weapons for sovereign defense per se, but rather that I didn’t agree with how the US military structurally uses its weapons globally.

I began focusing on industrial automation instead, and then ended up in civil aerospace engineering (with a focus on electrical engineering). That area captured some of what I liked about the field of aerospace engineering, but was focused on making aircraft safer and more efficient, rather than more deadly. I spent a decade there in a rewarding career, and followed a similar career path as my half-brother, meaning that I went from engineer to senior engineer to management and finance for the engineering facility, and so forth. But for peace rather than for war.

I eventually left the work due to my financial research business growing and overshadowing my engineering work in terms of scale. I had always done financial research work part time as my passion, but at some point it took off and that made it uneconomical to work in engineering/management anymore.

After several years of focusing on financial research, I got into bitcoin venture investing in part to help fund engineers and assist them in building things, which was basically what I was doing in my prior role in aerospace and is something I am still strongly drawn to.

Anyway, I thought of this as escalations flared in the Middle East this weekend. It’s amazing how small decisions or pivot points can affect where we end up in life.

Hey everyone! I’m a new PhD student in computational biology with a focus on multi-modal analysis of imaging / omics data. Would love to chat about anything math / science / decentralization / finance related. Fringe science and paradigm shattering theories are my guilty pleasures.

#introductions