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Patrick Kalin
368 posts


@GrassFedBitcoin @mattkratter I may be completely ignorant but don't you just need 1 major mining pool to signal support for it and viola?
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BIP-110 is not being rejected in any meaningful way. The FUD around confiscation was uttered in bad faith along with the other complaints against it.
However it lacks *active support*. The majority of the industry is ambivalent. Despite the grassroots support for it, they would rather ignore it than take an active role in its success (or failure of course). This can be construed as rejection if you like, but that's not an accurate perspective in my opinion.
The resulting situation is continued ambiguity around what the consensus rules of Bitcoin will be in August.
I envy those who talk in certain terms about what to expect.
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@bryan_johnson Might not always agree with you but I certainly do here
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@saifedean @AOC Particularly in a country like New Zealand where there is no capital gains on real estate profits
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The reason so many invest in real estate & price out young people is that inflation makes the dollar & savings accounts useless so everyone needs to use their home as a saving account instead. Monetary policy is the problem, but like all lefties in human history you are programmed by your banker owners to never even notice this, let alone speak about it, and instead go after actually productive people to ensure they remain ground under the heels of your owners.
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Someone can certainly *make* a billion dollars. That’s not the same thing as earning.
Growing fast and disrupting markets also often means chasing and wielding market power, political influence, and scale.
Take Airbnb. They heavily lobby politicians against passing housing laws to protect working class residents because it’s bad for their business model.
Airbnb could not exist at its current scale and size without the housing market destabilizations, displacements, and exploits that are supercharging the evictions of working people everywhere from Puerto Rico to Jackson Hole.
Now young people are planning for a future where they will never be able to afford to own a home while others have 20 and live off renting it out to them at extortionate rates with zero protections. Yes, a tiny amount of people can make billions of dollars doing that. And millions of everyday Americans are bearing the cost.
Paul Graham@paulg
Sure you can earn a billion dollars. I've been teaching people how to do it for 20 years. The way you do it is to start a company that grows fast. You don't have to do anything bad to make a company grow fast. You just have to make something people want. paulgraham.com/ace.html
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@bryan_johnson Bro is out here chasing Ponce de Leons phantom
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My brain became 40% more child-like in 3 minutes. This is what it felt like.
Me: “What question do we ask them next?”
My daughter: “Are they scared of the dark too?”
My six year old daughter and I were playing an imagination game. In this one, aliens had just landed on earth and we were asking them questions.
Listening to her thoughts and exploration as we interviewed the aliens brought me endless joy. As hard as I tried, my adult brain didn’t have the same flexibility and freedom. She reached where I couldn’t. My brain was trapped in adult-patterns that felt inescapable.
I'd always assumed that gap was permanent.
5-MeO-DMT proved me wrong.
After my large 28 mg dose, my brain patterns became 40% more original.
The technical name of the marker is Lempel-Ziv complexity. It’s a measure of how varied and distinct a brain signal’s patterns are. The lower the LZc score, the more predictable your brain patterns are. The higher the score, the more varied, distinct and neuroplastic.
5-MeO-DMT was like a magic potion transforming me from adult to child.
The morning after the dose, I awoke to a feeling of giddiness. Butterflies floated in my stomach as I imagined what surprises the day may bring. The gray clouds of adult-dread that typically overcast my mind were gone. It was all sunshine.
In my hotel room, I took a quick shower and then ran to a local cafe. I wanted to surprise Kate with a morning coffee before she woke up. I knocked on her door. Confused and barely able to see, she opened upon hearing my voice. I embraced her, teasing and flirting. She wrapped both her hands around the warm mug and I opened the curtains to let in the joy.
We had a flight to catch so she showered and packed up. Not having time that morning to exercise, I decided to sprint down the hallway, and then skip back. Energy overflowed. The world felt light and right. It was a new me, with new patterns, and a fire for life.
Kate was amused, observing and wondering what was going on. Life was like this for days.
Now seven weeks post dose, it’s faded. The longing for that state has not.
When I imagine the future, I remind myself that I’m now mostly blind to the power of awe and wonder. I am trapped in a 48 year old brain that is weighed down by barnacles and stuck in patterns.
> I want the future more than my adult brain can see.
> I hunger for life more than my adult brain can understand.
> Children are wiser than we give them credit.
> Intelligence may not be about what you think you know.
> But in the vast, endless space of curiosity and wonder.
> Unburdened by the world.
Notes:
1) To our knowledge, this is the first publicly available human recording of this signal under 5-MeO-DMT. Seen before with psilocybin and N,N-DMT.
2) Thank you AWEAR for the EEG device and Joseph Chen for help with the data analysis.

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Juan Maldacena wrote the most cited paper in theoretical physics, birthing AdS/CFT and realizing holography — and today, the problem keeping him up at night is wormholes. He suspects space-time isn't fundamental at all, that geometry itself might be what entanglement looks like from the inside. The singularity isn't a place, it's a name for everything we don't yet understand. I hope you enjoy it.
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@GrassFedBitcoin @mattkratter What is the plan if BIP-110 doesn't gain much traction?
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@PeterSchiff @Juniora63d Do you think you'll ever move on from the bank incident?
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@Juniora63d Actually everthing I am saying about Saylor is true. That's why he refuses to defend himself in a debate.
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The IRS or ATO unlawfully leaked that my bank was the target of the Atlantis investigation. Australia’s 60 Minutes then aired a defamatory broadcast that not only named my bank, but also presented false and misleading information to portray it as guilty of serious wrongdoing.
In reality, the investigation uncovered no evidence of any crimes. The damage, however, extended beyond me and my bank. The 60 Minutes broadcast also harmed Puerto Rico by accusing me of locating the bank there precisely because of lax regulation and a government supposedly willing to look the other way at tax evasion.
By portraying Puerto Rico as a tax haven, the report damaged the island’s reputation as well.That reputational harm gave the IRS and J5 leverage. Puerto Rico had been publicly embarrassed, and OCIF’s image had been damaged. The IRS, through Treasury, was in a position to help Puerto Rico repair that damage by turning the narrative around: instead of Puerto Rico being portrayed as a haven for tax evasion, OCIF could be presented as a tough regulator cooperating with the J5 to shut down an alleged enabler of tax evasion.
At the same time, the J5 had its own reason to save face. The media had framed the Atlantis investigation as one of the J5’s crowning achievements. When the investigation came up empty, the J5 needed a visible result. Getting OCIF to shut down my bank allowed the J5 to claim a public victory despite the absence of evidence of wrongdoing.
But for the unethical public exposure of a confidential investigation by 60 Minutes and the media outlets that followed its lead, Euro Pacific Bank would still be operating today. Had the investigation been allowed to run its natural course, it would have ended without incident. The IRS would have moved on, and the bank likely would have continued operating stronger than ever, with regulators having seen firsthand the strength of its AML and KYC compliance. Puerto Rico’s reputation also would have suffered no harm, because no one would have known the bank was under investigation.
Instead, 60 Minutes named the bank, accused it of wrongdoing, and helped create the very crisis that later became the excuse to shut it down. The bank was not closed because the accusations were true; it was closed because the J5 and OCIF needed to save face and repair the reputational damage caused simply becasue the accusations were made. Then, in a final irony, 60 Minutes used the shutdown as supposed proof that its original story was correct—even though the shutdown resulted from the false narrative the broadcast itself created.
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@benjamincowen I'm not so sure about that. How many people look back at the 80s and wish Arthur Burns had stayed on? An alternative would be Warsh ends up being like Burns and then we get a modern day Volcker to save the world economy
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Patrick Kalin retweetledi

@Pillart66 @Cointelegraph @digitalassetbuy ya boy Garlinghouse is wearing out the knee pads when he visits bank CEOs and regulators
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@Cointelegraph @digitalassetbuy That bullshit. Bitcoin is prompted up by hype. It has no utility. The world will run on XRP and the other ISO 20002 coins.
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@saifedean I see this low time preference in the construction of the Sagrada Familia in Barcelona. The men who designed this and started construction were generations away from seeing its completion.
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The thirteenth lecture of Principles of Economics explores time preference as the rate at which individuals discount the future, how property rights and hard money reduce uncertainty and lower time preference, enabling saving and investment, and why the progressive lowering of time preference is the driving force behind capital accumulation and the process of civilization.
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@Therealdmvdoll @LukeDashjr @azmialsanjr This dude really has got 11 kids. Must have some kind of super seed
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Patrick Kalin retweetledi

@nicrypto I'm more concerned about how much he will be buying once we are in a bull market and people are hand over fist trying to buy BTC
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@LukeDashjr @ACatholicFlower Are you part of a different branch of Catholicism ?
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@ACatholicFlower No, he isn't. Saying Leo is pope is heresy. Church teaching on the papacy is clear
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Whether you like it or not Pope Leo XIV is the Vicar of Christ.
I say this as a Catholic.
He is your Pope.
Spitfire@RealSpitfire
The current Pope is a political hack. I say this as a Catholic. Not my Pope.
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Patrick Kalin retweetledi

George Ellis is one of those guests who makes you rethink what you thought you understood. Co-author with Stephen Hawking of the singularity theorems, he's spent decades insisting on something most physicists won't touch: that reductionism is simply — patently — false. Physics doesn't decide outcomes. Context does. The thermostat sets the temperature. The algorithm tells the electrons what to do. The physics is the servant, not the master.
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Patrick Kalin retweetledi

During the Global Financial Crisis, when there was a real risk of panic, I developed a practice called ‘forward guidance.’
The situation we find ourselves in today demands the same. Watch the full video on YouTube: youtu.be/uk2TZwkhi4E

YouTube
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Patrick Kalin retweetledi

@MarioNawfal He can't name his favorite Bible verse. He forgot to put his hand on the Bible during his swearing in.
When Pope Francis died, he posted a pic of himself as Pope. Then he criticized the next Pope and posted a pic of himself as Jesus.
It's not strange or unclear.
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