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0 sats \ 1 reply \ @freetx 41m \ on: I am anti Bitcoin reserve for the US Politics_And_Law
I understand your sentiment, but you must ask yourself these 2 questions:
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What can any of us do about it? Should we have permission-ed money? Blacklist certain people that we don't deem fit to use bitcoin (obviously I know you don't think this, I just playing out the example to make an example)
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If Bitcoin is so fragile that it will be destroyed by Governments buying it, then that implies it was doomed to begin with?
I was thinking about something similar for distributed mining.
Not a mega mining farm, but instead imagine 1 or 2 containers with solar arrays/wind. Includes antennas for cell + starlink. 70% power goes to mining other goes to batteries for village use.
Villagers get electricity + cell service + internet in exchange for looking after equipment.
Meanwhile the top 10% programming languages account for 87% of all code written. (power laws are a thing).
Typical HN politicized hand-wringing.
50 sats \ 0 replies \ @freetx 6h \ parent \ on: The Buffett Indicator: Market Cap to GDP Stacker_Stocks
He is cashing out far less than it appears on first look. From his 2024 letter:
Despite what some commentators currently view as an extraordinary cash position at Berkshire, the great majority of your money remains in equities. That preference won’t change.While our ownership in marketable equities moved downward last year from $354 billion to $272 billion, the value of our non-quoted controlled equities increased somewhat and remains far greater than the value of the marketable portfolio.Berkshire shareholders can rest assured that we will forever deploy a substantial majority of their money in equities – mostly American equities although many of these will have international operations of significance. Berkshire will never prefer ownership of cash-equivalent assets over the ownership of good businesses, whether controlled or only partially owned.
One note is his distinction of marketable equities vs non-quoted equities. This number of $354B does not include all the private companies he owns (about 170+ private entities).
Point being is that this isn't the "Buffet has completely cashed out" story like it first appears.
I still have about 25% hope that this can be reigned in and wind up as BTC only
The problem with putting something like SOL / XRP in a strategic reserve is those assets can be printed at will....that presents a national security issue for the administration if SOL devs decide they want to inflate by 100%
These facts need to be explained to people in Treasury that this creates undue risk for no real reward.
Even though my tax return is not super complicated, and I could do it myself, I pay $500 per year for a CPA to do it.
Having a CPA sign your return is essentially a signal that removes you from the low hanging fruit.
These coins really needed this and they lobbied (aka bribed) hard to make sure they would be included.
True
This is such a good blog entry @lopp. So much to think about...
My gut feeling is this is outcome (which I'm not happy about, but hopeful can still be made to work in the realm of self-soveriengty):
Perhaps we'll never find consensus for a solution that makes everyone happy, in which case I'm not claiming that Bitcoin will fail, but we should expect that the nature of how it's used and by whom will change.
At first I thought he was saying "asshole" as I couldn't decipher the northern english accent very well. I think he saw I was standing there with a dumb look on my face so he said slowly "put. wood. in. hole." while he motioned towards the door.....then I got it.
Its entirely possible that the brain does not generate consciousness, rather it receives it (akin to radio antenna).
If you notice, all your other major sensory organs are completely passive, yet we assume that the brain is the single exception that generates senses instead of receiving them.
This is not just crazy talk, as major physicist have postulated the same thing (ie. Penrose and Hameroff’s Orch-OR Orchestrated Objective Reduction)
Its hard to read the graphic (too small).
But one time I walked into a pub in northern england and it was really cold outside. Evidently I didn't close the door behind me all the way and it swung open as I was looking for a seat.
One of the old men at the bar yelled out: "Put wood in hole!" it took me a few seconds to process what he was saying...(close the door!)
Even more appropriate is nostrum actually a common latin word, it means "ours" like the spanish nosotros
I actually think Black is decent. Obviously no real depth of flavor and pretty thin but "decent" for a blended. I like to make highballs (scotch and sparkling water) with it.
My fav blended is Sheep Dip though....
I have no real problem with the theory of it, but I don't really trust the implementation. I think either intentionally or more likely unintentionally it would become a "pile of chemicals masquerading as meat".
I'm not sure we fully understand all the ways in which animals grow meat, and fear that we would wind up missing out on a few key parts that wouldn't be replicated in the lab, which would then cause long-term health issues.
Unfortunately for me....the first thing I threw up on when I was a teen was JD and it really soured me on Bourbon / Tennessee Whiskey....thats pretty much why I went to Scotch in college.
Its only been in the past decade that I started trying it again and really like lots of it.