Does anyone have the current chart if the number of bitcoins available on centralized exchanges?
And that using energy is pro-humanity. Lifting people from poverty, improving health and improving the environment.
The solution is to build more ☢️ and not to complain about how people use the energy they buy.
👆🤡🌎
Part of me is looking forward to when banks block the door to regulated bitcoin on-ramps. Nothing will being bitcoin’s purpose into sharper focus than seeing that you are now trapped. Soon after, wealthy people will start to panic and then demand for self-custody bitcoin will explode. I expect they will pay almost any price to escape.
I don’t know about you, but I won’t be selling. You want to give me how many CBDC tokens? Sorry. There’s no way I’m going back into that prison. 😳🪤
I’m excited about the potential for deep ocean geothermal.
Thinking it’s strange that we’re increasingly moralizing what people do with the electricity they lawfully buy. Use power for run your computer to mine bitcoin? Bad! Use your computer to listen to Taylor Swift or watch Netflix? Good? Use a clothes dryer for your convenience? Christmas lights?
It’s obvious that this moralizing is not about power usage but just an attack on the purpose of bitcoin which is to give everyone property rights outside the control of the existing powerful gatekeepers.
Civilizations use energy, and the more advanced civilizations use more energy… and that’s a good thing. It lifts people from poverty, improves health, and results in a cleaner environment (as anyone who has visited a 3rd world country can attest). You can’t be anti-energy and be pro-humanity.
The bottom line is that people can do whatever they want with the energy they buy. The world needs more energy, not less. It seems the solution is more nuclear energy and I look forward to the day when those pearl-clutching officials get out of the way and untie the hands of those who want to build energy security.
I was thinking the same. I was expecting that it would be in the 45-55 range. At that point people would realize that the bull was back and that it was going to retest the high.
Many of my friends don’t yet understand yet how bitcoin will be a liberating force for humanity. Eventually they will.
At some point, everyone realizes two things: first, that bitcoin won’t die, and, second, it’s the only scarce asset in a world where everything else can be created.
Then, if they understand supply and demand, they then realize the third, that bitcoin’s value is destined to increase against all other assets.
Sounds like the prosecutor wrongfully withheld evidence
Sounds like Elon is off the rails.
#[0]
What do you make of Tom Luongo’s belief that the Fed is raising rates to suck the liquidity out of Europe (to take back control from the Eurodollar market)?
https://www.lynalden.com/fraying-petrodollar-system/#fraying
Fantastic article.
Marty, keep it up.
Ignorance might be bliss for some people, but I suspect they are few on Nostr.
AI appears to be a jet pack to your own intelligence and creativity. The smartest and most creative people will get out say 10x more than typical folks.
For example, no need to hire a big tech team anymore. The three top developers in the company can now do the work 10 used to do. No need to dilute that equity.
For the top entrepreneurs, creators and designers, I expect they will see a massive boost in their long term income.
To me, the American dream is based on individualism and not blindly following the rules…
England sets the rules? Revolt.
People tell you to go to get a useless four year degree? Start a business.
Jim Cramer says buy? Sell.
Media telling you to sell? Buy.
Magazines and pop culture telling you to take the easy way out? Play the long game.
#[0] saw your repost below.
Technology could be viewed as eliminating work based on human IQ. For example, farm automation took away tasks that could be done by a person with an IQ of say, 60. Robots in factories removed tasks that could be done by someone with an IQ of 80. Most people have IQs above this level so they were able to take other tasks.
But what if AI + robots remove all tasks that can be done by people with an IQ of 120? You and I will still be fine but what about everyone else? 😉😀
Just wondering if you can see any limits to the concept of creative destruction…
My orange pill moment…
If technology always brings down the cost of making things, why does the cost of making things always increase?
Thanks #[0]
Post it here first! I also like that a few times I saw you self-censoring on Twitter (just with your terminology and phrasing) but you seemed to speak your mind here.
We are in strange times and yet my banker friends think everything is fine and the Fed has it under control.
Their faith is based, in part, on the US remaining the global reserve currency. We can all now see that changing in real time as global alliances form to bypass the dollar and raise energy prices. They don’t see it… yet.