@manstack
Stack it.
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Recent Notes
LLMs are AAI…
Artificial Artificial Intelligence.
One could argue that humans have their own internal LLMs. The application of language that they acquire over time. However, humans use language to communicate concepts their brain is or has formulated, whereas software uses LLMs to spit out the mostly likely word that follows a previous set of words.
And having said all that, I realize now that many humans qualify more as LLMs than Intelligences themselves, spewing words endlessly without having conceptualized what they represent, merely providing a string of “best fit” responses based on their training.
And now I’m wondering if I was trained to say all this and if I’m just software in a simulation. FUCK.
Artificial Artificial Intelligence.
One could argue that humans have their own internal LLMs. The application of language that they acquire over time. However, humans use language to communicate concepts their brain is or has formulated, whereas software uses LLMs to spit out the mostly likely word that follows a previous set of words.
And having said all that, I realize now that many humans qualify more as LLMs than Intelligences themselves, spewing words endlessly without having conceptualized what they represent, merely providing a string of “best fit” responses based on their training.
And now I’m wondering if I was trained to say all this and if I’m just software in a simulation. FUCK.
Building is important 
Love seeing things like LNbits and LNVPN. These are the most interesting talks at Bitcoin2023. As much as I enjoy Breedlove, Saylor, Saife, etc, usable infrastructure is more important than philosophy of Bitcoin for most people.
Thoughts on evolution of mining and energy companies after listening to Swan Space earlier:
How does monetization of energy change how these companies view their services? What services does it create?
Secondly, how do things like fiat collapse impact or accelerate such an revolution?
My hypothesis is that has the Fed goes after Bitcoin-friendly banks, and other banks start to tighten fiat off-ramps to Bitcoin, stackers will look to direct suppliers.
The most accessible supply are HODLers and Miners. Tighter ramps mean HODLers are harder to exchange with. That leaves Miners.
If my bank is throttling my BTC buys and I’m trying to move $1M USD maybe I go direct to miners.
Miners might not be able to service the full demand. Those companies themselves might have to throttle, but in much more creative fashion. Maybe your $1M buys Bitcoin + hash rate.
People love to speculate on how X S&P company might hold Bitcoin next. Cathy Wood estimated BTC’s price depending on a 1% investment by all S&P companies…
But how would the landscape look if access and supply were so tight that those companies couldn’t reasonably make such an investment? What if instead that 1%, or some portion of it was invested in THE BITCOIN NETWORK. In mining. In energy.
How does that scenario evolve the mining / energy space? What kind of relationships play out between miners and the Trillion USD companies of the world?
How does monetization of energy change how these companies view their services? What services does it create?
Secondly, how do things like fiat collapse impact or accelerate such an revolution?
My hypothesis is that has the Fed goes after Bitcoin-friendly banks, and other banks start to tighten fiat off-ramps to Bitcoin, stackers will look to direct suppliers.
The most accessible supply are HODLers and Miners. Tighter ramps mean HODLers are harder to exchange with. That leaves Miners.
If my bank is throttling my BTC buys and I’m trying to move $1M USD maybe I go direct to miners.
Miners might not be able to service the full demand. Those companies themselves might have to throttle, but in much more creative fashion. Maybe your $1M buys Bitcoin + hash rate.
People love to speculate on how X S&P company might hold Bitcoin next. Cathy Wood estimated BTC’s price depending on a 1% investment by all S&P companies…
But how would the landscape look if access and supply were so tight that those companies couldn’t reasonably make such an investment? What if instead that 1%, or some portion of it was invested in THE BITCOIN NETWORK. In mining. In energy.
How does that scenario evolve the mining / energy space? What kind of relationships play out between miners and the Trillion USD companies of the world?
Not many #Bitcoin evangelists get me as hyped as Jack Mallers (especially live). #AustinTakeover #BitcoinCommons
Great opening at Commons. Thanks for the work you and partners are doing!
Woke up and chose Zaps ⚡️
Best video / podcast on the benefits of #Bitcoin #mining that contains examples of real world outcomes and not just theory?
What happens to real estate if banks like SVB have to liquidate holdings, like billions of mortgage backed securities?
Forget fancy buzzwords like zkrollups or sovereign whatchamacallits… who are the devs working on ease of use? Bitcoin’s flaw isn’t it’s lack of programmability or defi, it’s that the average person is afraid of “putting their wealth in a seed phrase.”