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Here was an odd yet very welcome collision of my worlds: Peter McCormack (ex-Bitcoiner? Now sponsored by Monetary Metals... LOL FUNNY #1291642) interviewed Hans Niemann, up-and-coming chess super-GM, coming off the recent Netflix documentary on the Hans Niemann-Magnus Carlsen cheating scandal from Sept 2022 ("ANAL BEADS?!" can't find the Elon Musk tweet, but he weighed in too, of course.)

The Chess Speaks for ItselfThe Chess Speaks for Itself

Hans is young, cocky, and ambitious -- which, when backed up by competence and results, is kind of OK... but in his case, it's backed up by 99% competence. He's still not better than Hikaru, Magnus etc, routinely lose to them Doubtful if he'll ever get to the top, with the youngsters from India and Uzbekistan literally killing it these days. #1471309

Still, the cheating accusations and cancellations were a little too ridiculous and melodramatic. The podcast is well worth watching. Plenty of non-chess convos as well:

"people are so addicted to TikToks and Reels that the perception of a lot of these people is defined in 15 seconds.""people are so addicted to TikToks and Reels that the perception of a lot of these people is defined in 15 seconds."

Wishing for people to have more critical thinking, do more research (40:15):

I think that's lacking in our society, but obviously people seem to be taking the mainstream media less seriously...
I never take negative clips seriously, on a short-term video... If there's a a short-term video taken out of context, I just can't take it seriously. Because it's just become the entire definition of society (
I would hope that some people have a more measured view.

Yes a little, but also life/pop philosophy and mainstream media. Amazing:

Once you start thinking, "would I change this? Would I change that?" You stop being grateful for the gift of life and all the opportunities. I'm *personally a very faithful and spiritual person, and I believe that you should accept whatever the universe bestows upon you. (37:45)

Did anyone notice the stackernews hat on his table? that was cool :)

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woah, what?? No, didn't see that.

They're recording at PubKey in NYC, so I guess it's possible...?

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It's literally right there! Under the TV on the right side.

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Oh that would explain it. I was hoping it was Peters haha. A boy can dream

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So are you on Team Hans?

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Nah, just here for the drama. I like seeing the chess speak for itself

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77 sats \ 1 reply \ @joyfam 24 Apr

That quote about accepting what the universe bestows is a weirdly grounded take from someone usually seen as purely abrasive. It’s a side of him the short form clips definitely miss

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That quote about accepting what the universe bestows is a weirdly grounded take from someone usually seen as purely abrasive.

100%

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I can't help liking and rooting for Hans. Still, you compare him and other modern chess "superstars" to the likes of Fischer, Karpov, Kasparov, etc., and you do wonder if it's another case of wtfhappened in 1971 and debasement is showing up in our sports heroes, too.

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Mayhaps, mayhaps. Goo observation

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so where's the sweet yield coming from with monetary metals??

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that I've wondered for a while. When I've looked at the behind-the-scenes of the gold market (#896492) I think it's some sort of futures-financing dealing ultimately backstopped by miners: they lock in commodity prices for the metals (and thus, the "yield" is coming from e.g., Monetary Metals financing it)

A gold-dealing bank often lends out its gold to borrowers who use the bullion as collateral for various types of financial market trades and operations. The bank charges interest on the loan but is in the deal for interest revenue rather than gold price exposure, so it hedges out the price risk by selling gold futures.
That seems clear enough: the bank gets interest, the borrower carries price risk, the holder of futures contract takes later delivery of gold.

https://thedailyeconomy.org/article/golden-hiccups-in-our-modern-financial-system/

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i find it all a bit confusing, but i presume its paper gold being paid out in ounz. it would be pretty cool if the gold interest was paid in little gold coins being delivered in the mail

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Hahaha yeah totally

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The decline of the petrodollar/USTs as a credible reserve.

Central banks are shifting back to gold.

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