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9 sats \ 0 replies \ @freetx 7h \ on: Petrobras | Brazilian Oil Giant Explores Bitcoin Mining bitcoin_Mining
Every energy company will eventually mine bitcoin with excess capacity.
Just for clarity. Almost no one would use this as their sole product. They are used as a tool in portfolio construction.
For instance, you may have a balanced fund that is 90% BTC / 10% CBOJ (protected ETF).
Each quarter you may re-balance between BTC -> CBOJ to maintain 90/10 allocation. Normally these constructions use USD, however in this case you would get the benefit of 100% downside protection (like cash), while still getting upside.
tldr. This becomes like a cash account that can earn up to 11.5% interest depending on bitcoins performance.
Probably parallel construction....haha
There's lots of drama to this case, who knows if we'll ever know what really happen
One thing that would worry me in the current climate is once the public starts howling about housing shortage / high prices, the local gov is going to clamp down on landlords for "price gouging".
This shortage could go on for longer than we expect....so prices may continue to rise. Hard to know whats right move, but I guess if you have a chance to make an outsized profit right now maybe its best to take it.
Perhaps you're right.
A cursory google search seems to indicate that although attorney-client privilege is very well established, the caveat is it does not cover the planning of crimes.
So, basically you could admit past guilt but cannot disclose future intention.....
I don't blame you for not wanting to be a landlord. Seems like a mega hassle....
If she is willing to put up 6 months in advance, perhaps she should just get a loan and buy it?
Hmmm....an interesting thing I havent seen mentioned: In the court filing, the gov appears to quoting from a private email between Ver and his lawyer?
How would they get that info? Its privileged.
Did his law firm flip on him?
rumor mill says China has many more nvidia chips than they claim, but are downplaying it to not breach export controls
Male lion.
Its a question of "combat sports". Sure there are tons of super strong animals....however the real question to ask is: How many of these animals regularly fight to the death?
A gorilla is super strong, but fatal fights are exceedingly rare. Same with most other animals.
A new male lion coming into a territory will kill the existing male and all the cubs in order to gain access to the females, thus this presents a "do or die" proposition that they are willing to fight to the death over this.
half the benefit.
But potentially much greater profit. Most territories are probably already less than 50% net profit....maybe even far less.
Probably idea structure is:
- 10,000 territory establishment fee (to stop spamming new territories)
- 1-5,000 monthly maintenance fee
- 50% revenue share
Fair point. However better to then just have monthly dues. 5-10K sats each month for every commenting member (non-members can still browse for free), then minimal fees to establish territory owners.
It seems like having a minimum monthly fee (1000 sats?) and then SN takes a healthy percentage (50%?) would work better for all parties.
From the avrix (sp?) paper that they released. I was skeptical of this, but evidently its completely open-sourced and thus verifiable.
People on twitter have said most of this "breakthru" was common sense tuning optimizations that resulted in less memory use, with a slight uptick in error rate, but the optimizations were scaled so that the increase in error rates didn't spike significantly.
Basically: Anyone with a constrained hardware budget would've eventually taken this approach.
I don't think AI will replace programmers but complement them. I don't think the job description of a programmer will go away so a "programmer" still needs to know how to program.
Agreed. I've been using AI as part of my general IT work for the past year. My take is its like a bright 15 year old that has very limited real world knowledge. But it has a superpower: They can read and summarize very long detailed technical information almost instantly.
In the end, this new assistant is useful for generating boilerplate / templates. However, the only way to use it in production is for a human to direct it in a step-by-step fashion.
"It can make the building blocks, but you need to make the structure"
markets crashed, people are saying Nvidia is doomed
Imagine you ran factory that required 100MW of power to churn out 1000 widgets per day, but then a breakthru came out that only required your factory to only use 1MW of power. You would have 2 choices: (a) churn out 1000 widgets and use only 1MW of power.....or churn out 100,000 widgets using the same 100MW power budget.
My point is that: Yes DeepSeek requires only a fraction of the computing power that traditional AI used....however those sitting with all that "over-provisioned" datacenters will now be able to scale up even bigger models, with more parameters.
I suspect this will dawn on the market over the next few weeks.
My typing completion algo feels pain.
Research was probably funded by big tech companies, trying to creative the narrative in public mind that AI = conscious.
In-kind redemptions are only for institutional participants like APs. But experts think this will still benefit everyday investors by making Bitcoin ETFs more efficient.
This is true, but I think together with repeal of SAB-121 (allowing banks to custody BTC), you will see solutions being offered to retail to do this.
I'm sure Fidelity is going to follow suit with a request for in-kind redemption, then via your Fidelity account they will be able to put you in/out of FBTC directly with no cap gains sales needed.
MOE or they implode.
Gold has happily been existing despite not being used as a MoE for a few hundred years.....
Anyway, I think the traditional concepts of MoE don't really map well to purely digital products. Kinda like potential vs kinetic energy....purely digital products have the potential to be transferred at any time. Given this high potential to be transferred anywhere at anytime lends to it an innate MoE property that physical objects just dont have.
I truly think there is something revolutionary about where we are with AI technology.
Agree
Then those neural nets can be "trained" quite generically using a system of carrots and sticks. I believe the computers will be able to optimize against those carrots and sticks even without new human generated corpi.
My point on "needing continual human effort" is that there is still a human (a team in fact) deciding deciding all that. The resulting AI are not deciding "hmmm....today I'm going to go learn how nuclear engineering works". They have no consciousness. No aesthetics. No desires.
I know you were not suggesting they did have any of those things, I'm simply making clear that without constant human direction, they are incapable of doing anything. They are a screwdriver or a buzzsaw.
The danger is that a naive public will believe that it has agency and ascribe to it all manner to deference.