"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 →

The whole edifice of the financial system needs to be re-collateralized with pristine collateral. They won't say it publicly, but JP Morgan just implicitly acknowledged this.

When money breaks, people reduce themselves to their lowest common denominator in an attempt to survive. In a world occupied by humans with decaying structure, the lowest common denominator is sexual desire. View Article →

By the end of the 2030s, we'll all be billionaires. That's not a good thing.

Individuals don't need access to equity slivers of multi-family shit boxes. THEY NEED BETTER MONEY. Pushing tokenization so that more people can gamble on the high velocity trash economy for financialized assets doesn't solve the core issue we face. View Article →

Things seem chaotic right now, but always remember: - The solution to every problem is money printing - Gold can have it's day and you can be happy - Bitcoin is superior to every other money on the planet - Stay humble, stack sats View Article →

Many bitcoiners are butt hurt to see gold going parabolic. Zoom out, bitcoin has performed exceptionally well so far this decade and will continue to do so. Gold is having its day because governments are falling back to what they know as the dollar reserve system comes into question. China is setting up a parallel settlement network using gold and it's using gold because it's been reliable for millennia and, more importantly, has the liquidity profile to settle the size they need to settle if they're going to compete with treasuries. This does not change the fact that bitcoin is superior in every way to gold. It's a harder money that's more easily divisible, easier to send, easier to verify and easier to custody. Bitcoin still has many trillions of dollars of market cap to add before it can compete with gold from a liquidity perspective. I am more optimistic than ever that bitcoin will reach this point because more people are learning these facts every day and the infrastructure around the protocol is advancing at a faster pace than I've ever seen. Square's release this week is the latest example of this. 4,000,000 merchants across the United States are currently being forced to ask the question, "Should I accept and hold bitcoin?" How many do you think will take the plunge? Zoom out.