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BitcoinMike
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@BitcoinMike23 on Twitter

Twitter feels like all bots now. You can bot me, just zap me first with sats. Lol

Learning a lot about AI lately. In my limited knowledge it seems the Q* discovery massive. AI currently works on pattern recognition. You ask it what 2 plus 2 is and it knows through patterns the answer is 4 but it doesn’t know why mathematically. Apparently Q* does. Wild.

I’ll tell you why price targets in bitcoin mean nothing and most will actually undershoot. When you truly deep dive the marginal cost coming in n AI the deflationary pressure will become a black hole and Bitcoin then becomes invaluable.

Dont trade it for stupid gains.

https://youtu.be/QTlG6a5GI3s?si=wTmk8Yl75wWQAf4T

You can see David Lins brain turning. Fascinating

I’ve noticed some real prominent bitcoiners that have smugly dismissed AI lately.

AI happening at an exponential rate, while I understand this could break the brains of some religious/spiritual viewpoints and viewpoints about work in general this reality will hit us all in the face. Philosophers like John Locke introduced the idea that we are nothing but a series of experiences, like a blank paper and we become an amalgam of our experiences, this essentially how AI functions. For me Bitcoin and AI go hand in hand. And I question do we even call it ā€œArtificialā€ it simply is intelligence.

They need each other and the world needs AI as much as it needs bitcoin, the sheer benefits that will come from it will outweigh anything. The current trajectory of man without AI will most likely become a dodo bird. It would be the equivalent of saying I don’t want to build the industrial age because we may wreck the horse business. I live as a fairly young man with a pacemaker, ā€œI am part machineā€ science and discovery have prolonged my life. If I said this to someone in the 1400s they might burn me.

I want to commend nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe and nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z for their logical, empathic, & human approach to this recently.

To the bitcoiners who go the other way, talk about god, steaks, and almost sound vitriolic at times I will still listen to you, why, because I feel intelligent enough to filter that stuff out to get to the truly brilliant stuff you talk about. You are not my enemies and I greatly appreciate your contributions to my bitcoin journey.

Replying to Avatar Alan ₿

That’s so bizarre. I checked and don’t see it. The app still working though. If you find out let me know.

When does Binance fall apart?

Does anyone know what happened with Sam Altman?

Hard for me to imagine ever borrowing against my bitcoin

Replying to Avatar Lyn Alden

Progressives vs Conservativs is the ultimate tension.

Politically speaking, if we set aside the extremists on each side, the middle ground debate between well-informed people is often a battle between the following:

Progressives want to move society forward, but often in too centralized and artificial manner. At their best, they want to help the disenfranchised among us and focus on what they see as the bigger picture. At their worst, they get into eugenics and central control and underestimate the efficiency of market forces.

Conservatives often want to hold society where it is, even when resisting new change that could be good. At their best, they support responsibility and virtue and hard work, while at their worst, they harm new ideas or minorities that deviate from their local culture, and hold back good new ideas.

And how we interpret these forces changes over time. Sometimes science is at the forefront, and sometimes politics/culture is. Copernicus and Galileo were scientific progressives, and were punished for it despite being right. But then Marx and Woodrow Wilson were political progressives, and had success despite later being wrong in many ways. And then ironically, Theodore Roosevelt and Woodrow Wilson were both considered progressive US presidents, but in many ways they couldn't be more different. Conservatives today have more respect for the former than the latter.

Both fundamental forces, progress and conservatism, are necessary. We need to move forward, but with awareness of our past. Cautiously progressive, and virtuously conservative. Humble in our presumed ability to control the world, but empathetic in our outreach to groups that don't necessarily fit within the existing culture. Something akin to Libertarianism fits the bill, but with more widespread support. When Libertarianism fails to catch on in any of 200 or so countries, its lack of success needs to be examined. Why isn't Libertarianism popular?

Some of this I argue is due to technology. The existing tech of fast transactions but slow settlements gives power to central banks and governments. Technology dictates politics.

For example, prior to the invention of the printing press, it wasn't possible to have a democratic republic over a large landmass. That required fast information transfer and widespread literacy. Ancient people were not "ignorant" to have their prior social structures; they outright lacked the technology to even attempt our current norms. And today, can we imagine if new technology makes our existing norms irrelevant? What if capital flows as freely as information flows? Does that change politics? I think so.

In the modern era, central planners have a technological edge. It's easy for them to consolidate the banks and central banks, since everything is reliant on credit-based transfers. The invention of bitcoin and fast non-credit transfer starts to mess with that, but it takes time with liquidity and network effects.

I expect the next few decades to change substantially. But as they do, I consider progressivism vs conservatism to be a useful framework to keep in mind. Openness to change vs preservation of what works well now. In all technological environments, era after era, this is ultimately the key social debate. As monetary technology stalled in recent decades, politics took center stage. As monetary technology advances over the next couple of decades, I expect that technology to start impacting and framing conversations more and more, as it starts setting the clear path.

Don’t change Lyn

I think your thesis is so simple but so poignant and easy to miss. My friend did the house experiment recently that you have done on podcasts and it really hit home with him.

Yup. For now, having a medical scare.

Schiff is like a whack a mole whenever bitcoiner goes up or down. He appears and we have to hit him back into this golf hole.

Have to cut down my red meat consumption. Bitcoiners everywhere combusting into a dust over this.

The class of bitcoin 2021 about to survive their first bought of pain. Congrats if you made it through.