J
435 posts


Bitcoin's hash rate hit an all time high 500 exahashes/s this month.
To highlight the enormity of this number:
- For every star in our galaxy, the Bitcoin network is calculating 5 billion computations per second.
- It would take ~2000 years for the entire global population, each performing one hash/second, to match the Bitcoin network's hash rate.
- The Bitcoin network performs ~67 times more hashes per second than there are grains of sand on Earth.
- By number of raw operations/second, Bitcoin is ~500x more performant than the world's most powerful supercomputer.
Yet, there are skeptics out there that still believe "bitcoin is backed by nothing".

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I mean, this should have its own Netflix series.
Test Match Special@bbctms
Time to go. ⌚👇 #BBCCricket #CWC23 #BANvSL
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Announcing Grok!
Grok is an AI modeled after the Hitchhiker’s Guide to the Galaxy, so intended to answer almost anything and, far harder, even suggest what questions to ask!
Grok is designed to answer questions with a bit of wit and has a rebellious streak, so please don’t use it if you hate humor!
A unique and fundamental advantage of Grok is that it has real-time knowledge of the world via the 𝕏 platform. It will also answer spicy questions that are rejected by most other AI systems.
Grok is still a very early beta product – the best we could do with 2 months of training – so expect it to improve rapidly with each passing week with your help.
Thank you,
the xAI Team
x.ai
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Something remarkable is happening in GIFT City - the birth of the tax-free Family Investment Fund (FIF). Say, what now?
FIF: A vehicle for rich Indian families to use GIFT as a tax-free launchpad to invest around the world.
An FIF has to have a minimum capital of USD 10 million (about 82 crore). Now, to get money into GIFT, normally you have to go through LRS (capped at USD 250k per year). But a family-owned entity in India can send up to 50% of its net worth to the FIF.
Why is it tax-free? Because business income gets a 10 year tax holiday in GIFT and an FIF can make investing its business. This is a new and untested provision and experts are cautious, but at least prima facie this arrangement looks possible.
We have an excellent column in Mint today by Nakul Beri of Waterfield Advisors. You can read it here: livemint.com/money/personal… #investing #personalfinance
Graphic put together by @SatyaSontanam

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RT @lallasahab: Ageing parents are a reality. Particularly post Covid, recurring and unexplained sickness is something that all caregivers…
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Trade in Equities and commodities with our sureshot Advice...
#gold #BetterCallSaul #doge #مروج_وصلت_جدة #HarGharTiranga #IndependenceDay2022 #LalSinghChadha #Nifty #RIPRakeshJhunjhunwala #BigBull

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@shahjinesh111 History repeats Unocoin, Zebpay were started before Binance. RBI ban almost killed them or reduced to small players in emerging business. WazirX meets same fate. No clarity of regulations inspite of multiple attempts. Hard to see..
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RT @zhr_jafri: I like Indian SAAS companies more than the loss making consumer tech startups.
Postman, Zoho, Freshworks, Icertis, Druva,…
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RT @AnuragPatel62: PNR 4749337987, under age boy cleaning coaches doing job of railway workers to earn some money. Could you please action…
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