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Real reason why people love AI. Because it means Universal High Annual Income(AI) nitter.cf/ResilientRye/status/18…

Of course, this is only a predictor of future prosperity if AI and robotics mature slowly. If they mature quickly, countries with growing populations might find themselves with a surplus of labor, falling incomes, and boatloads of discontent.

The last 5 days simplified: A group of wealthy speculators got upset that their money ended up locked into a 10 year obligation at less than 2% return, so they convinced government it was in everyone’s best interest to help them out of their jam at the expense of everyone else.

“There is an infinite amount of cash at the Federal Reserve” 🔊

GONE 4 YEARS AGO TODAY.💔 So many fond memories of @jakedienelt—time has made me miss him even more, not less. How much more fun would all of us have if Jako were still here?! RIP. Thinking of his family today 🙏😇@OmniCraig @CharlieShrem @BKBrianKelly @ALevyCohen @JonathanMohan

Apparently that matches the date when it reached its supply cap. Having no mining subsidy and little transaction fees, it only costs about $400 to reorg a whole month worth of blocks. I wonder how many confirmations require @hitbtc and @cz_binance for deposits.

Today we're submitting a comment in the OCC's ANPR on on National Bank and Federal Savings Association Digital Activities. In a nutshell, we say that banks should hold, multi-sig sign, run nodes, and deal in privacy-enhanced crypto. 1/6 coincenter.org/comments-to-t…

I'll miss you @ActualAdviceBTC You left your footprints here with glory. You were a legend & real cult figure in crypto.

The Dollar Wrecking Ball: I hear the narratives that the Fed is printing money...Brrr... and that is going to cause a dollar collapse. I worry that this narrative is very wrong. My strongly held view is that the dollar is the pinnacle of all the macro issues we face. 1/

Right; the "full faith and credit" is mainly marketing; it's unclear what action the government would take if the FDIC itself failed for some reason.