crypticrisk

If freedom and liberty were a currency, it would be Bitcoin.

Without Freedom of Speech there is no America. I think that's why I can't shake this pit in my stomach. Bitcoin is the last bastion of unassailable freedom, immune to political violence and control. For the sake of the country and the world we must be successful.

$1,000,000,000 worth of Bitcoin shorts to be liquidated at $110,000 Never short Bitcoin.

I recently spoke with a very successful man whose three daughters told him they have no plans to have children. Their careers, combined with today’s societal pressures, have caused them to second guess starting families. This mindset is becoming increasingly common. There is nothing in life that compares to having children. All the money in the world, All the accolades, All the items checked off the checklist None of it comes close to the experience of having and raising kids.

@erik_udahl @TheShamdoo

@TheShamdoo too often

doing work during the day doesn’t hit like work during the night anyone else have this issue?

@octal Doesn’t matter if there is negligence or not, attorneys representing the passengers will sue immediately, settlement will quickly ensue. Doubt there would be comp from the airline since they’ll be paying 7 figures per passenger.

Curious what comp you get from the airline. Assuming there were no negligence by the airline, I'd be quite happy with 5mm miler status (lifetime delta 360) and maybe 500k skymiles to redeem on flights; pax flying Delta again immediately would be good marketing for airline.

Elon just said he's setting it up so if you give a one time lump sum to the government that represents your per capita share of the national debt, you never have to pay the federal government taxes again. It's around 66k to buy out, he says.

I'm going to say the quiet part out loud. Tariffs are necessary to focus the economy on reshoring the American industry base in preparation for a hot war in the coming years.

LFG 🔥🔥

@erik_udahl @AndrewSteinwold @erik_udahl and I could crush a podcast though, @AndrewSteinwold lol

@CrypticRisk @AndrewSteinwold in summary, no - an individual should not explore this, unless they are an ultra-high-net-worth. for companies, maybe.

Does it make sense for someone to roll up multiple bitcoin mining co's and start building data centers? All that energy is not being used for its most profitable purpose (AI). Feels like there is an opportunity there

Depends on your outlook of BTC and your margin/cost of hashrate. Most public miners have decent power costs $0.019-$0.05 per kWh - as a miner, 80-90% of your monthly OpEx is the cost of power but generally your CapEx to mine is about $500k-$1m a MW. If you’re in HPC/AI compute your CapEx is about 10x that per my understanding. Further, if you think you aren’t subject to the vagrancies of commodity volatility (in this case the commodity is compute) then you would be slightly miscalculating - short term it’s good but if you’re talking about a sizable CapEx investment your long term risk should be adequately evaluated. There is short term and long term risks with both businesses. And a roll up strategy of miners would really depend on the individual unit economics of each miner and the power utility assets they may or may not control. As such, it’s a crap shoot. Could be a good idea depending on multiple variables, could also be a bad idea.

in theory, yes. this is what mining companies have and continue to do. in reality - probably/definitely not. it requires a massive amount of capital and infrastructure and technical expertise. imo, the opportunity is far gone. the newer facilities have been in the works for years already. the barrier to entry is large. thoughts? @CrypticRisk

@TimcastNews Couldn’t be farther from the truth.

“The American value of hard work is bullshit. We are just treading water no matter how hard we try.” Adam Conover believes that hard work no longer translates to climbing the economic ladder in America.

Ross was freed on the 21st. In hindsight it is so obvious.

BREAKING: Here's the first image of Ross Ulbricht leaving prison as a free man 🧡

Mark Zuckerberg just liked Jeff Bezos' wife's Instagram photos... Odds he gets divorced this year are up to 11%.

@erik_udahl Maybe he’s just trolling Gary Gensler 🤷

trump’s move to drop a token is the least industry-aligned one 🤷 like what are we doing?

Is Ross free yet?

🎯🎯🎯

“Can we normalize corporate walk-out songs?” - @erik_udahl I fully support this.

Hot Taek: this isn’t a big deal - due to MiCA and general sentiments of EU nation state governments towards Bitcoin and crypto, EU is not a jurisdiction where it will grow or flourish. Thus, this means very little for the future.