that's a cool explanation for how STRC is sucking energy out of the shitcoins.

one thing that worries me: those crypto projects that are tokenizing STRC, is that on a shitcoin ? so will AI attacks or the underlying shitcoin going to zero also affect the tokenized asset?

let's hope it resolves before the price doubles.

the farm bought 500 $ worth of diesel fuel. that was $300 last time this year.

in a way it's a big increase... but at the same time calf prices are also way up!

only bitcoin is showing deflation lately =D

diesel on gas pump signs here fell by a dollar last week. not sure if it's still down

lol, it's all muddy. i don't understand anything anymore.

it's probably going cheaper, but i've peeked at electric cars in the meantime. there is a tesla on Craigslist with full self driving included for 17,000...

and then I just drove an hour and talked to my google Maps... i used to only ask for directions, but i happened to ask if he knew what the oil price was.

and then we started chatting and Mr. Google Maps started to convince me that Silver is a good investment as an in-between hard-money/AI industrial build out play.

it's a crazy world we live in. i'm not sure if i fathom the whole AI boom/capabilities/etc.

no, i've been mostly unaware of the Hormuz topic for the last month. i searched "hormuz" on nostr and it seems like it's been forgotten.

i've started thinking the whole "hormuz" thing was just a ruse to sell excess oil at high prices.

claude says permian basin fracking is quite profitable at these levels. at $50 a barrel, they have to start turning off. I don' t know how long it takes for those wells to come online, or if that's the kind of oil that drives the global price down... but maybe that's why the $50 projected floor price exists, because it should fall to the marginal cost of production.

i know. i hear perfectly reasonable people that i respect saying it's going to $300 after mid June when surpluses deplete..

and others that say that it's going to 50$ by the end of year.

i hold with those who say 50$. but i suppose if the conflict didn't resolve it could be $300... and i don't think the energy companies or US would be all that unhappy.

doomberg says "the world was awash in oil" before the war and energy companies are just happy to warn us about shortages while selling at top dollar every bit of extra before the price comes back down.

just another tariff strategy that hits mostly europe, asia, and some US

you're right if i widen the lens... but it's ironic for now.

the ultimate irony is going to be when the normie friends buy bitcoin at 60k as part of their retirement. and here i yoloed at 69k in 2022.

it's been expensive to not be a normie lately.