Interesting that everything dropped with BTC but XMR spiked up (while ZEC also dropped).
Eron
npub1rqr6...6ka7
Decentralization Enjoyer
Notes (8)
> The scientists from Franklin to Morse were clear thinkers and did not produce erroneous theories. The scientists of today think deeply instead of clearly. One must be sane to think clearly, but one can think deeply and be quite insane. Today's scientists have substituted mathematics for experiments, and they wander off through equation after equation, and eventually build a structure which has no relation to reality.
- Nikola Tesla
Nothing popular is true, and nothing true is popular.
Excellent interview.
I think Doctorow's reliance on legislation for solutions, while possibly necessary, is somewhat naive.
Regardless, it's an important front of the battle and I'm glad someone as sharp as him is working on it.
https://www.youtube.com/watch?v=xwpW853rQWo
He clearly wants to seize the current power structure rather than to disrupt its foundations.
AI is cool and useful, but it's so far from what it's hyped up to be.
Am I the only one who's bothered by the word "literally" losing its proper meaning?
~$80k is a major technical support level. If you have a long-term investment outlook, then selling near $80k is probably a mistake.
However, there's no bullish catalysts on the horizon and the stock market, real estate market, and AI bubble look like they've rolled over (bear market signal).
Additionally, the uncertainty related to v30 / UASF and MSTR will take months to resolve.
If $80k can't hold, then the next major technical support level is ~$60k. $58k gang membership is probably 50/50 at this point.
I was expecting a counter-trend short squeeze rally from around ~$90k, but both attempts failed. This is an additional sign of weakness.