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₿itcoin_Pleb_vF
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₿itcoin_Pleb_vF
@Bitcoin21oooooo
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
Beigetreten Eylül 2022
733 Folgt292 Follower
.@FERC Power markets suffer from “free rider” states who import most of their power from producer states
Kickstart generation buildout at the state policy level
Enact an import/export fee. Import states pay export states, $/MWh increases annually.
Regional Greenhouse Gas Initiative (RGGI) is a direct contributor to higher energy bills and more significant imports for member states. It will dissolve under this structure and leave the grid better off
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The US military just confirmed it is running a live Bitcoin node.
Admiral Paparo, head of Indo-Pacific Command, told Congress they're using the Bitcoin network for operational security tests and see it as a tool for "power projection" against China.
Not mining. Not speculating. Running infrastructure. The same network that was "only used by criminals" is now considered critical to national security by the Department of Defense.
The US holds 328,000 BTC. China holds 194,000. This is no longer a debate about whether Bitcoin matters.
The military is treating it like an asset in a geopolitical arms race.
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@TheJacobTurner There’s a financial engineering solution that leaves every party better off
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The NFL draft kicked off last night with top picks making $20,000,000+.
Yet here is the math that athletes really need to understand...
*You will pay 30-50% of their contract value in taxes + agent fees.
*You will retire with a time horizon of more than 50+ years
*A safe withdrawal rate on your money is 3-5%.
That means every $1,000,000 you have saved produces roughly $30,000 - $50,000 of spending in retirement.
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10 sats says bitcoiners are overrepresented in this group
Crémieux@cremieuxrecueil
I simulated 100,000 people to show how often people are "thrice-exceptional": Smart, stable, and exceptionally hard-working. I've highlighted these people in red in this chart:
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@cremieuxrecueil 10 sats says bitcoiners are overrepresented in this group
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@Bitcoin21oooooo Spot on. The Fed is boxed in. If they hike they break the economy, if they cut they lose the inflation fight. We're back to the 70s playbook where there are no easy wins.
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Goldman Delta One: "There is still a real debate inside the oil complex. One camp argues the curtailment is so severe, especially in refined products, that each additional week becomes disproportionately more disruptive…that you cannot simply put the toothpaste back in the tube on any reasonable timeline. The other argues that once there is a deal, sanctions relief and incremental barrels come back, meaning the pain is acute but fundamentally temporary. Equity markets are very clearly siding with the latter view and looking through the risk of structural consumer damage."
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@EmoryExplorer Rates up, longer this goes higher they climb. Stagflation puts Fed in tough spot, coin toss on next rate move being up or down right now.
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@Bitcoin21oooooo That’s where the real signal usually shows up first. You watching spreads or defaults more right now? What are they telling you?
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Pleb derangement syndrome - that's where we're at now.
Bitcoin without the plebs is completely centralized and devoid of all purpose and meaning.
Some plebs with nodes and a DATUM gateway are paying hashers to hash on their templates. Again, if you somehow have an issue with this you dislike the very essence of what Bitcoin is - the combination of free markets and permissionless access with a low barrier to entry.
Extractive Ghost of Unhosted Marcellus 👻@oomahq
Pleb Deranged victims are refining their framing 👌
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Lights were on and the music still playing long after the tipping point had been reached..
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Fragility of the current system is under appreciated, #bitcoin is the life raft
GIF
zerohedge@zerohedge
*BESSENT: MANY GULF ALLIES, SOME IN ASIA REQUESTED FX SWAP LINES
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@zerohedge ERCOT peak load will hit 200GW, but it will take until 2035
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Texas Electricity Demand Could Quadruple Due To Soaring Data Center Demand: ERCOT zerohedge.com/energy/texas-e…
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This is obviously correct.
Alex Imas@alexolegimas
New essay on the economics of structural change and the post-commodity future of work. 1. Almost any question about the impact of advanced AI on the economy needs to start at the same place: what is still scarce? Answer that, and the analysis becomes pretty straightforward. This essay explores what becomes scarce if AI really can replicate most of what humans do in production, and what this mean for the future of jobs. 2. My conjecture, working through the economics: labor reallocates across sectors, and the sector it reallocates to has properties that keep labor a meaningful share of the economy. Ultimately this is about the structure of demand itself. For this, we have to go back to Girard, Augustine and Rousseau: once people's base needs are met, their preferences shift to comparative motives (e.g., status, exclusivity, social desirability). This motive is inherently non-satiated. 4. The key paper is Comin, Lashkari, and Mestieri (Econometrica 2021). As people get richer, they don't buy proportionally more of everything. They shift spending toward sectors with higher income elasticity. They estimate income effects account for 75%+ of observed structural change. 5. The ironic consequence: the sector that gets automated becomes a smaller share of the economy, not a larger one. Agriculture got massively more productive and its share of employment collapsed. Manufacturing too. The "stagnant" sectors absorb the spending and the jobs. 6. So the question is: which sectors have high income elasticity in a post-AGI world? I argue it's what I call the relational sector. Categories where the human isn't just an input into production, it is part of the value. 7. Why does the relational sector have high income elasticity? Because human desire has a mimetic, relational dimension. We don't just want things for their intrinsic properties. We want what others want, and we want it more when others can't have it. Girard, Rousseau, Augustine, and Hobbes all saw this. 8. In work with Kristóf Madarász, we showed this experimentally: WTP roughly doubles when a random subset of others is excluded from the good. And in new work with Graelin Mandel, AI involvement kills the premium. Human-made art gains 44% from exclusivity; AI-made art only 21%. 9. This all comes together for the core argument. The sector that absorbs spending as AI makes commodity production cheap is one where human provenance is part of the value, and demand for it grows faster than income. Exactly the profile that keeps labor meaningful. 10. To be clear about the claim: I'm NOT saying aggregate labor share must rise. It may fall. The claim is about sectoral composition, i.e., where expenditure and employment go once commodities get cheap, and the fact that the sector that will absorb reallocated labor maps to a substantial component of human preferences and desire. 11. If you're interested in the formal model, a linked companion technical note works out all the economics. Read the essay here: aleximas.substack.com/p/what-will-be…
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@lopp @TheBlueMatt “It absolutely does”
-subjective value theory & behavioral Econ
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"The law of supply and demand does not care about our feelings."
- @TheBlueMatt
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Cypherpunk Jameson Lopp and other Bitcoin developers propose BIP-361 to freeze quantum vulnerable wallets.
This could lock dormant BTC like Satoshi Nakamoto’s 1.1M coins, now worth $74B, before quantum computers can steal them.
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Go for a walk and think about bitcoin
Friedrich Nietzsche Notebook@QuoteNietzsche
All truly great thoughts are conceived while walking.
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