Every time this guy tweets something like this we get +6% drops
wen bullmarket?
Fool me once and it’s on you. Fool me twice and it’s on me. Support for a “Bitcoin reserve” that only consists of forfeited/seized coins isn’t the same as actually accumulating Bitcoin.
I bought zero Bitcoin in October, and I’m actually glad I didn’t. Instead, I booked my Christmas flights, replaced my 2015 MacBook Pro with a refurbished M2 Pro so I can build apps without constantly thinking about RAM, and finally retired my iPhone 13 mini with 75% battery health. The replacement is a refurbished orange 17 Pro Max. Sorry, not sorry. Charging my phone three or four times a day had stopped being charming. So yes, my sats didn’t go up this month. But my day-to-day life got materially better, and that’s what money is ultimately for. I’ve also paused my DCA until I find a proper way of buying non-KYC Bitcoin. There’s a slightly uncomfortable part of me that knows these are often exactly the periods when you don’t feel particularly compelled to buy, and those can turn out to be the moments when you should. Then again, I was accumulating like a maniac around $60k, so I’m not losing sleep over one month. Bitcoin is savings. It isn’t a competition to die with the highest score.
30% of people in my poll spend absolutely nothing on AI. And considering my audience, I suspect that’s remarkably low compared to the general population. I genuinely think most people have no bloody clue where we are. They may interact with LLMs, asking them some questions, generating a funny picture and concluding it’s a clever chatbot. Meanwhile, people are using AI agents to write entire applications, conduct research, solve maths and automate work that previously required teams of people. And here’s the part that blows my mind: we’re judging this technology by what companies have made publicly available. We have little visibility into what their next generation of models will be capable of. What an absolutely ridiculous time to be alive.
Finally got to use my Bitkey to make a BTC transaction, and I have to say, pretty damn cool experience. Big thanks to @JoelBomgar for paying for mine back in August. Would I use it for my sacred, never-touch Bitcoin stack? Probably no. But for the sats I actually spend, move around or need to keep the medium term? Really nice.
This is an astonishing pile of garbage. Chamath thinks AI will crack “Satoshi’s wallet", drain it, short Bitcoin and send it to zero. Except Satoshi’s coins are spread across an estimated 22,000 addresses. Good luck cracking the private key to ONE of them, let alone 20,000+. Not an excuse, but if AI ever defeats Bitcoin's digital signatures, the implications go FAR beyond Bitcoin.
I’m ridiculously bullish on AI. I’m considerably less bullish on depending on an employer to share the upside. Learn the tools, build something you own, stack hard money. An abundant future means very little if you own none of it.
Your parents want grandchildren. They also want their house to keep getting more expensive. We've somehow built an economy where those two wishes are increasingly at odds. Think about it. The same house is a young couple's chance to start a family and an older couple's retirement plan. Every price increase makes one generation feel wealthier while pushing the next towards a bigger mortgage, another decade of renting, or postponing having children. Both generations are behaving rationally. When the money you earn keeps losing purchasing power, people naturally look for somewhere to preserve their wealth. Property becomes the obvious choice. It's tangible, banks happily lend against it, and governments have spent decades encouraging people to treat homeownership as their primary wealth-building strategy. Add cheap credit and restrictions on housing supply, and you've created a system where rising property prices are celebrated as economic prosperity. We've effectively made one generation's retirement security dependent on the next generation's ability to take on more debt. And then we wonder why young people are struggling to build families? Or still at home well into their mid-20s. Bitcoin fixes this.