gn fren!

Not quite. I had a spinal cord injury as a teenager and used a wheelchair for a bit. I’ve slowly rebuilt my walking endurance—from a few steps per day to about 5k/day over five years. Your 20-30k/day is crazy.

You only realize “stay humble stack sats” is the best advice once you put your ego aside.

Do you really think you can time the market? Sure, there are cycles, but price can move violently at any point in those cycles.

Plus, it’s quite exhausting to constantly be calculating when you can “get the best deal.” The time and energy spent pondering a “better entry price” could be better spent.

#[0], I’m not sure how you thought of this, but it’s genius. Thank you.

That’s a banger. Thin airrrr💸

Lord, thank you for this dip on pay day.

Proof of walk. Not bad for a quadriplegic.

From earlier—Sunday morning mass with my grandma and mom.

It was beach day today with my family.

I feel like my twitter experience has been slightly declining, making it easier to pop over here. I’m not sure what it is over there.

I’ve been well! Working hard + trying to avoid the layoffs hitting the financial sector. Seeing family this weekend in Florida.

How’ve you been?

I’ve had similar thoughts with bitcoin podcast guests. What is to be done here—if anything?

I see a lot of people pro-nuclear. Some—like Troy Cross—are concerned the regulatory environment and time it takes to build out a new plant don’t make it that feasible of an option.

As for renewables, most miners are pro-renewables. I agree there. Commentators like Saif, Marty, and Steve Barbour are quite against renewables for the reasons I stated. Their voices carry weight.

True. Some grids, like ERCOT, have seen their energy mix change rapidly, though.

I was touching on a common view on bitcoin twitter that fossil fuels = good and solar/wind/nuclear = meh/not good. Why is that?

Can someone please explain some bitcoiners’ love of fossil fuels?

Why the intense love for coal? Haven’t wars been fought and thousands died over oil?

I understand the issues with solar and wind. The projects are currently subsidized by the government. The supply chains are plagued by slave labor and human rights violations. They are intermittent, which can decrease reliability and grid stability.

At the same time, the energy is generated domestically. We reduce our reliance on other nations. We don’t need to go to war over oil. Further, the pairing of bitcoin miners and wind/solar farms may become quite profitable and help stabilize the grid.

Nuclear is incredibly promising due its energy density. Its issue stems from the regulatory oversight, capture, and hurdles. I have no concerns about its safety—just the regulatory environment.

So why coal? Why oil? Don’t get me wrong. These are power fuel sources.

What if we viewed the challenge of solar/wind/nuclear instead as opportunities for value creation/potential profit? We don’t walk away from nostr and other tech because it’s not in its final, optimized state. Devs stay and build. Why wouldn’t we expect the same with wind/solar/nuclear tech? Why wouldn’t the tech improve and be more compelling over time?

Shit. They really do just keep coming.

I can’t remember what it was exactly, but when Peter interviewed him on WBD, I had a sense he understood some aspects but was still pandering highly to bitcoiners—as if he knew enough to pass the BS test but I could not tell if he believed what he was saying or was just trying to grow his base. I may be reading too far into that.

As for Kennedy, he’s a Kennedy! The name alone carries weight with some of the establishment. I’ve liked what I’ve seen so far. I wish he’d drop “crypto” and just say “bitcoin,” but this is still huge progress from last election.

Eh. It’s quite interesting to see a fairly serious presidential candidate understand some of the nuances of bitcoin (e.g., his thoughts on PoW and energy). Prior to this, major political figures who “support” bitcoin didn’t really understand it and just used it to gain voters. Kennedy is refreshing in this regard.

As for the speed of bitcoin’s price appreciation, it is what it is as you know. What is debatable, though, is how many years must pass before we can feel comfortable that the masses “are in” before institutions? The reality is many institutions are smart/respond to economic reality and will probably get in before the masses. Perhaps, institutions getting in fuel the masses to get in—not vice versa.

Was hesitant to use ChatGPT but damn it’s good.

I’ve used it to find neighborhoods in NYC that meet my budget and wish list, define power purchase agreements and hedging scenarios, and list steps to make the tastiest sirloin steak with a Teflon pan and electric stove top.

Better than search.

I also ask it my biggest life questions lol.

Raise taxes, reduce benefits, and/or print?

Which will it be?

https://www.wsj.com/articles/social-security-reserves-projected-to-run-out-earlier-than-previously-forecast-60932de5

❤️❤️