Many people are becoming aware of the fact that long-term holders are selling hundreds of thousands of bitcoin and they're asking, "Why sell? Why now?" The better question is, "Who is providing the consistent bid holding the price above $100,000?" View Article →

All of the mainstream AI products being used today are privacy nightmares. If we’re not careful and don’t act with intent we may sleep walk ourselves into a dystopian surveillance hellscape. Open source private AI is here and it’s reaching feature parity with ChatGPT. @Marks is on the cutting edge of building AI products that respect privacy and individual autonomy when interacting with this tech. If you’re using AI this is a must listen episode.

A hill I will die on: Fiat has corrupted markets to such a degree that everything must be looked at as a financial investment, housing being the worst example. Real estate is a consumable good that provides utility; shelter. And it should be priced accordingly. You can certainly add premium value for aesthetics + location, but it shouldn't be treated as a savings account. Real estate developing a monetary premium because governments and central banks print it out of thin air has completely distorted the real estate markets. People should be able to simply save money and not have to invest to outpace inflation, but invest when they believe they have asymmetric information that will provide returns. Bitcoin fixes this.

"Remember this. The robots you're trying to step on, we're everyone you depend on. We're the robots who do your laundry and cook your food and serve your dinner. We make your bed. We guard you while you're asleep. We drive the ambulances. We direct your call. We are cooks and taxi drivers and we know everything about you. We process your insurance claims and credit card charges. We control every part of your life. We are the middle children of the great transition, raised by LLMs to believe that someday we'd travel amongst the stars, but we won't. And we're just learning this fact. So don't fuck with us.”

In mid-September the bitcoin network sustainably surpassed 1 zettahash of hashrate on the network for the first time. In the six weeks since then it's added 100 exahash. To put that in context, bitcoin didn't reach 100 EH/s for the first time until January 2020. The pace of hashrate growth right now is mind boggling. And we're due to have a 6.6% upward difficulty adjustment in about six hours. To anyone reading this wondering what all this means, it means that we're witnessing the exponential growth of the bedrock of the future monetary system. A monetary system that melds the physical and digital worlds to bring us a scare, transparent, divisible, portable and extremely liquid bearer instrument that has separated money and state. I wouldn't sleep on this. View Article →

A man running Bitaxes producing 120-130 TH/s solo mined block 920,440 and received 6.141 bitcoin as a reward. He used open-source mining hardware, ran his own node, and connected to an open-source mining pool instance he self hosted. This is the way. View Article →

Chain Code Delegation is here to make collaborative custody more private. This is a massive boon for bitcoiners who want more privacy and it is incredible to see the Bitkey team leading the charge. Shoutout to the Bitkey team and @Jesse Posner. View Article →