With the markets in chaos, with services halting withdraws, & Everyone’s a Scammer” by Michael Goldstein, is one of those works. Another piece that stood the test of time made available by the Nakamoto Institute, not to be missed by any serious Bitcoiner out there. Don’t forget to check out Goldstein’s amazing work and the enormous…

“Bitcoin is a lifeboat on the sinking fiat ship. Lifeboats on a sinking ship don’t need a marketing department.” – Francis P. As New York puts a ban on Bitcoin mining in the state, as the white house decides it’s going to come up with “Bitcoin mining policy guidance,” it seems like a good time…

“The reverse of that process – a so-called “death spiral” – was inevitable. Any time the immeasurably over-levered global fiat monetary system, for whatever reason, experienced one of its periodic external shocks that skyrockets immediate demand for actual US dollar liquidity, UST investors would demand USD liquidity faster than the brittle and fundamentally flawed Terra…

This episode is partly a follow up from Read_628 on reviving a promising renewable energy technology. Partly a discussion of the incredible economic subsidy that Bitcoin mining provides to bridge the Innovation Valley of Death for numerous energy resources. And partly a discussion of how Bitcoin so greatly changes the economics of stranded energy, that…

“A typical Bitcoin mining operation will spend considerable amounts of time, energy and money cooling their ASIC miners with air conditioning or liquid immersion cooling, and these costs eat into profitability. However, the main waste product of OTEC is a nearly-infinite and continuous supply of 5ºC cold water. Not only does OTEC produce free cooling, it provides a…

“Coming off the Bitcoin 2022 conference, you might feel a little down from the high of meeting and spending time with Bitcoiners. I’ve also found that going to these events leaves you with an additional sense of urgency to do something more, or to become more involved somehow. One way to do that is to participate in…

“When I thought about what is the defining difference between the Bitcoin maximalists and my yuppie elite friends, the surface level distinctions that popped out were political (e.g., libertarianism, Trump support, second-amendment rights, Black Lives Matter). But these stem from a deeper divide: the degree to which a person has trust in the system.” – Croesus…

“Several exchanges in the industry fuel bubbles for a quick buck as well. If something starts to get momentum, including meme coins like DOGE or SHIB that don’t realistically have a substantial future, they promote those coins to their users, which can suck retail investors into buying the bubble top. Plus, a lot of Youtube…

“This created a ticking time bomb with a very short timer. That money was going to “work” in completely artificial markets that were being driven by pure central planning insanity instead of actual fundamentals. As everyone and their mother who had excess cash was shoveling it into financial and real estate assets, global supply chains…

So what exactly did I get wrong in Guy’s Take #54, and why? Let’s dig back into the economic of CTV and transaction commitments, to clear up what I was misunderstanding around unrolling large batch transactions and who pays the cost of doing so. Are the incentives aligned or not? We discuss in today’s Guy’s…