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Either another US or another country.
Basically it becomes more like a one-time very large OTC buy - now obviously shareholders would demand a premium over spot, so the question is does the premium shareholders demand work out to be less than what gov would pay in slippage trying to buy very large amounts on 'market' (OTC or not)
M&A route
I was thinking recently that IF some large nation-state ever wanted to acquire a very large amount of bitcoin for reserve purposes, then acquiring a "BTC" would be most sensible way to do it. The mechanics of that would really work would be interesting though....
I had heard about this, but never paid much attention to the details.
Not surprising honestly....it was one of those "oh shit" moments in the anarcho-crypto community back in the 90s - people were scared to host his essays or even publicly talk too much about him because of the fear of reprisal, so it never really got the attention it deserved, he was very much a victim of his time....had this happen 10 years later he would probably received much more public support.
Many here may be too young to remember Jim Bell, but in 1995 he authored a series of essays on the internet called "Assassination Politics".
It was basically where I first heard the idea of "prediction markets" and his point was people would bet on politicians "won't be President by X date" and then conspire to kill the politician to win the bet.
The powers that be were so freaked out by this essay they had him jailed. Complete violation of his 1st amendment rights, but as we all know there is no such thing in reality.
charge him for being an unregistered foreign agent
Wow, is Tucker a dual-citizen that advocates for war for a foreign gov?
AI posting, yet this is a common point of contention between Catholics and Prots.
Prots feel this proves "we are saved by faith only".
Whereas Catholics feel that this is just stating the obvious ,"you don't have any automatic lawyer like way to get into heaven" (you can't force Gods hand with your 'good works', your admittance is solely by the grace of God)
Remember also to put this into context with what Jesus said:
For I was hungry and you gave me food, I was thirsty and you gave me drink, I was a stranger and you welcomed me, I was naked and you clothed me, I was sick and you visited me, I was in prison and you came to me.” (Matthew 25:35–36)
So the comprehensive summary is:
- Per Jesus directive, you are expected to do good works for your fellow man
- However, you can't lawyer your way into heaven.
All in all this is one of the useless debates that needlessly separates people, as it just becomes people arguing about things that neither side actually disagrees with.
The issue is highlighted by Hans-Herman Hoppe in "rent vs owner" idea.
Politicians only "rent the use of power" so their incentives are all short term. Their goal become to bust out the current nation state for their short term gain (ie. they join congress with $0 and leave with $400M and who cares what happens afterwards).
Whereas with an "owner" (ie. king), it is considered their property. Therefore they have long term generational interest in preserving the value of their property so it forces long-term thinking.
Its easy to fault the voter (I do it all the time), but to be fair democracy is a dumb unworkable system at scale.
The idea that "joe the plumber" needs to keep abreast of all the technical minutae and constantly engage in the political process otherwise they are told "too bad, you voted wrong so now we steal from you" shows how unworkable the system is.
There is no simple fix from where we are at, but in retrospect monarchies in which people can freely move from jurisdiction to jurisdiction are probably a better model at scale.
Beyond that, its really a simple question.
If you were a retailer, suppose you were Gap, Inc and you were opening 2 different stores in 2 different shopping malls: Would you expect to pay more for rent in a upscale luxury mall that does 5x the volume of a lower tier mall in poorer area?
Point being is merchants already implicitly pay more to access higher end markets, thus tariffs don't really break the model that much.
A much larger and thornier question is: Is it really "free trade" if your trading partner uses slave labor to make their goods?
Thats a great approach, in general I think the future is to have this type of things built into the router / orchestrator code itself (ie. inside openwebUI or Cursor itself) so everything is done inside a container (ie. no more "rm -fr /" on base OS)
Yes yes....
Backing up data has honestly never been harder. The only reasonable options people have at this point is either: multiple bluray disc or use actual hard drives
Sadly LTO tape (the best option) has become far too expensive for home use.
I don't believe all of Candace's conclusions on this subject, but I think she is 80% correct.
Certainly the 30,000ft picture is very damning.
- Charlie starts to have serious misgivings about Israel support (including evidently becoming Catholic). Publicly mentions this to Megan Kelly
- Has heated meeting with Jewish donors and even writes in text "they are going to kill me" when talking to his security personnel
- Night before has numerous late night "emergency" meetings with Israeli donors, including a Rabbi in Israel (who is close to Bibi), when its 4am for the Rabbi. Supposedly the story was they were providing him "pointers" on how to more effectively communicate the Israeli cause to skeptical college students.
- Gets assassinated in very suspicious circumstances
- Pro-Zionist supporters immediately take over TPUSA including floating name of Ben Shapiro as CEO! (who Charlie actively disliked).
- Head of security team, gets a big raise and still employed by TPUSA.
The MEANS, MOTIVE, METHOD of standard police investigation seems to point one place.
As an aside, one of the real strengths of LLMs is the ability to deal with lots of boilerplate and mundane task that humans find taxing.
Regarding Bitcoin, I think this may play out advantageously with regards to LN. The one issue that has hampered LN self-custody is its a bit daunting for average person to setup and manage all the minutiae...balancing channels, etc.
However, this is exactly the type of work that LLMs excel at... would be great if we eventually got some specifically trained SLM's...maybe 300M - 500M parameters that were exclusively trained on managing bitcoin / LN nodes.
Israel was very much FOR the Iran war. It was started ON BEHALF of Israel.
And Trump now has openly said, its only going to end when Bibi gives him permission. JD Vance has to be feeling very uneasy right now....Trump could sink his chances if this continues, the public is going to have no appetite for any of this once the gas prices + blowback issues start to happen on US soil....
There have been reports of extension authors getting "buyout offers" on HN. In one case I remember the author saying he informed the would be buyer that he never made any money from his extension, never tried to market it, and didn't think anyone would ever pay anything for it.
The buyer said none of that mattered as was only interested "how big your install footprint is..."
The author was confused but figured that the buyer had some plan to monetize it so sold it for $75-100k. Day he turned over the git repo to the project he saw that most of the dependencies had been replaced with dubious replacements and it dawned on him what had happened....
Same situation for pypi and npm library authors....software supply chain attacks are a big problem and it will probably only get worse due to LLMs
How did you estimate those numbers, exactly, without consulting any current/fiat prices?
Beyond that, if the purpose of BTC is to trade for goods and services then saying "1 BTC = 1 BTC" makes no sense. Its also true that "1lb of dogshit = 1 lb of dogshit", that doesn't present a compelling argument for owning dogshit.
Frankly if BTC doesn't constantly gain in purchasing power over the long-term, then it by definition failed.
There is so much to say about this that its hard to summarize, but to try:
Its basically impossible to imagine how "America gets something out of Iran" war. The idea that we are going to drop a few weeks of bombs and suddenly Iran is going to love Israel and the 2 will exist in some sort of lasting peace is beyond the limits of credulity.
It is, however, possible to imagine US gets something out of toppling Maduro.
It seems like it only takes a minority of participants to opt for "work longer" to upset the apple cart.
Imagine there were 10 people, they each got a new magic labor saving device that could 3x their productivity, 8 of them decided to only work 3 hours per day.
The other 2 decided to work 10 hour days and reap the benefit of effective 30 man hours per day.....what happens?
Seems like everyone would be forced to work 10 hour days?
True true. More than likely carrot and stick.....investigate them via SEC simultaneously while negotiating a "settlement".