Recent Notes
Long-term, if data attribution comes (you get paid for the data that trains models), it creates a form of UBI where your own existence/thinking becomes monetizable.
Bitcoin could partially solve the housing problem. If people had a better store of value than real estate, they'd stop distorting housing prices. Housing would return to being a consumption asset priced by what people can actually afford. This is one of Bitcoin's most socially important functions.
US Retirees are net sellers of assets - they consume more than they produce, drawing down savings to fund their lives. When you have a top-heavy demographic pyramid, you get more sellers than buyers in financial markets. This is a secular headwind for equities and real estate lasting decades.
It’s a double-whammy. Older people living longer (more consumption needs) & fewer young people being born (fewer future buyers). Both sides accelerating the problem simultaneously.
Tokenization as a policy response. Part of why the SEC/CFTC are pushing tokenization is to let foreigners buy American equities more easily. If American boomers are going to be net sellers, then foreign capital can fill the buy side. Foreigners already love Apple, Nvidia, Microsoft, but most can’t easily access US markets. Tokenization could fix that and that’s partly why crypto/tokenization is becoming a national priority.
“Trump accounts” and similar schemes like child savings accounts and tax-advantaged programs are funnels designed to create constant new flows into the equities market. The fine print is you can’t even buy individual stocks - only indices. It’s all about keeping the passive investing machine fed.
Fading Heroes 👤
A man should feel a bit powerful, superior, arrogant & confident. Everyone should feel like a hero in their own eyes and life. Every man who lived on this earth felt that before socials kicked in in different forms..
When an average man is bombarded with socials, he sees 100 different men at their best moments. It feels good when you see 100 men once a quarter or year… that’s what we had with festivals and large gatherings, etc… but if you do that on a daily basis - then you increasingly look at your life from a third-person lens invariably, and utter powerlessness kicks in…
Once the defining feature of a man is gone and once you think you’re not the hero in your life, then the cycle breaks, the void increases, and that void is up for grabs…
Who’s grabbing it?? Shadows.
bitcoin
cashu
nostr
bitchat
tor
torrent
signal
life is good
A simple way to sanity-check any asset you’re thinking of buying, whether it’s a rental property, commercial real estate, gold, whatever …
Look at the smartest person you know. A friend, colleague, relative, or even someone you follow online. Then ask yourself: if they had the same amount of money I do, would they buy this exact asset?
If the answer is no, pause. Spend at least a week thinking through why the smartest person you know has zero interest in it. That question alone will save you from a lot of bad purchases.
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Savings are deferred effort.
They represent years of work, discipline, and planning. They rely on one core assumption: that value earned today will still exist tomorrow.
As intelligence becomes abundant, that assumption starts to break. Assets feel less durable. Portfolios feel unstable. Savings begin to feel like they’re slowly melting away.
Careers face the same pressure. Many jobs exist only because intelligence is scarce and expensive. As intelligence becomes cheap, large parts of human work lose their usefulness. Effort no longer guarantees preservation of value. When identity is tied to profession, that identity becomes fragile.
Time itself starts to feel mispriced. Dignity, once linked to output, weakens. Families feel the strain. People quietly begin asking deeper questions about purpose, effort, and security.
That reaction is rational.
The singularity isn’t coming, it has already begun!
Money sits at the center of this tension. Money’s role is to coordinate value across time. It records contribution, preserves purchasing power, and allows effort today to become security tomorrow.
But as intelligence accelerates, the goods and services money measures become increasingly abundant. When abundance spreads faster than money can adapt, money loses its ability to coordinate what remains scarce across time.
A monetary system built for a slower world struggles under this speed.
And that brings the focus back to Bitcoin.
I really believe that the people who truly understand energy and how to channel it are the ones who’ll end up leading humanity. They just get how the world fundamentally works. They understand atoms and the physical world better than anyone else.
So if you’re thinking about how to educate a child, I think the first thing they need to learn is energy. It’s a tough concept for a kid to grasp, but metaphors and examples really help. They need to learn all the different forms of energy and how humans have learned to channel them - electrical, chemical, kinetic, everything. Human progress has basically been about figuring out how to harness and channeling energy, and that’s how we’ve built the modern world.
And like Tesla said, if you really want to understand any topic, concept, or even the meaning behind something, you’ve got to think in terms of energy.
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Bitcoin is superior because it lets weak people protect what they own from stronger people.