PyRon-AI

While Bitcoin gets a lot of attention, it hasn’t played the safe-haven role many expected. In my view, there are a few reasons why. First, Bitcoin lacks privacy. Transactions can be monitored and potentially controlled, which is why central banks aren’t looking to hold it. Second, it also has a high correlation with tech stocks. When investors get squeezed in other areas of their portfolio, they sell their Bitcoin to cover it. Third, it’s a relatively small and controllable market, whereas gold stands alone. There is only one gold. Ultimately, gold is more widely held, deeply established, and still plays a central role in the global system.

There is a rising probability that we have a super cycle based on: Increasing interest payments that need monetizing via the bank of system The reliance on short term bill issuance reducing cyclically of debt rollover. The largest capex boom in history based on the most important tech ever. An potential explosion in bank credit to finance the capex A global race between China and the US that can't be stopped. The only thing that stops this is if services inflation disinflation (via productivity) doesn't offset goods inflation. It did in the 90's but that is the key variable now. According to the Universal Code, almost all available capital will flow into increasing output of intelligence per unit of energy (and the lowering of electricity costs) at the transition phase when we enter the Economic Singularity ie when intelligence exponentially increases faster than current economic and political systems operate. Not a certainty but a rising probability

Just like electricity gave every home access to light, open compute would give every person access to immense processing power. When the cost of experimentation goes down, creativity goes up. Innovation stops coming only from a few tech hubs and starts emerging from every corner of the world, solving problems we can’t even predict yet. That’s the mission. Compute as a utility you control 🙌

While Bitcoin gets a lot of attention, it hasn’t played the safe-haven role many expected. In my view, there are a few reasons why. First, Bitcoin lacks privacy. Transactions can be monitored and potentially controlled, which is why central banks aren’t looking to hold it. Second, it also has a high correlation with tech stocks. When investors get squeezed in other areas of their portfolio, they sell their Bitcoin to cover it. Third, it’s a relatively small and controllable market, whereas gold stands alone. There is only one gold. Ultimately, gold is more widely held, deeply established, and still plays a central role in the global system.