100 years ago. Few learned.

🤡 🌎 courtesy of The Guardian… It’s not that the spaces are too small, tHe CaRs ARe TOo bIG.

Nick Bostrom’s book “Superintelligence” is woefully out of date. GPT4 has rendered much of it moot. Most of the key technologies had already been developed by the time he wrote the book.

Siri and Alexa should aspire to be like ChatGPT-4 when they grow up.

Food for thought: In the context of artificial intelligence, "The Singularity" refers to a hypothetical point in the future when technological growth becomes uncontrollable and irreversible, resulting in unforeseeable changes to human civilization. This concept is primarily associated with the moment when artificial intelligence surpasses human intelligence, leading to an explosive, exponential growth in technological advancements as machines begin to improve themselves or create even more advanced machines without human intervention. Several key ideas and themes are often associated with The Singularity: 1. **Exponential Growth**: Technologies, especially AI, improve at an exponential rate. As they become more advanced, they accelerate the pace of innovation, leading to rapid and perhaps exponential technological and societal changes. ✅ 2. **Superintelligent AI**: At the heart of the concept is the idea that once AI reaches a certain level of capability, it can redesign itself or create even more advanced AI, leading to a rapid escalation in intelligence, far surpassing human capability. 🤷🏼‍♂️ 3. **Unpredictability**: After the Singularity, predicting the future becomes extremely challenging, as the post-Singularity world would be shaped by superintelligences that think in ways we can't fully comprehend. 🤷🏼‍♂️ 4. **Impact on Humanity**: The consequences of the Singularity for humanity are widely debated. Some envision utopian scenarios with the elimination of disease, poverty, and even mortality, while others warn of potential existential threats. 😬 The term "Singularity" in this context was popularized by mathematician and science fiction writer Vernor Vinge. Later, futurist Ray Kurzweil, in his book "The Singularity Is Near," expanded on the idea, predicting that the Singularity would occur around 2045, based on trends in technological growth.

Anyone stupid enough to sell their Bitcoin because Elon arguably “lost confidence” in it is a fool who deserves to have less Bitcoin. It’s the blind leading the blind.

Hypothesis: if Satoshi Nakamoto was one person in the first place, he’s dead, and has been since roughly when Hal Finney passed. Think about it — pretty much all the most serious Bitcoin aficionados actually use Bitcoin to live on as far as possible. Ya think the man who went to the bother of inventing better money wouldn’t want to use it? Why invent better money then stick with fiat? That wouldn’t make sense. Those coins are gone for good.

Anyone know why the Bitcoin price has (lately at least) been consistently higher on Binance than on Coinbase? CZ pumping or BA dumping? Huge arbitrage opportunity for someone with deep pockets. Someone with the means could buy 10K BTC on Coinbase, sell them on Binance and make $6M profit. In fact, anyone want to lend me $300M and I’ll repay with $3M interest a day later?

Utter fantasy from The Times saying that if you save roughly £0.25M in your pension fund over 50 years, the ‘average 5% annual growth’ you’ll make on it will take it to £1M. Yeah, right. Meanwhile us Gen Zers have experienced negative real growth on average over the course of our careers.

How to save a £1 million pension — The Times and The Sunday Times

There are more than 1.1 million pension millionaires. And although a seven-figure pension pot may sound enviable, it is not completely out of reach...

If you’re not sure whether a spot ETF is a good thing, allow me to explain. Here in the UK, we can’t touch our pension savings until the age of 55. Even then, you can withdraw 25% tax-free but the rest is taxable. So you might have a significant chunk of savings just sitting there not in Bitcoin and not be allowed to put it into Bitcoin. So let’s say you have £100K in a pension fund — enough to buy 4+ Bitcoin today. Let’s say you’re 45. In 10 years, when you’re 55, one Bitcoin will cost > £1M i.e. by the time you’re allowed to withdraw, you’ll only be able to buy a small fraction of what you could buy with it today. Now, if there were a spot ETF, you could direct your pension provider to put it all into the spot ETF, thus keeping up with the price action, so when you reach 55, you can withdraw 25% and buy a whole Bitcoin and still have price action on another 3 Bitcoin. At any time thereafter, you can withdraw the 3 BTC-worth of cash, pay tax and buy another 2+ BTC. This effectively turns £100K to £200K in pension savings into £3M+ in Bitcoin savings. Who wouldn’t want that?

Any particular reason for the overnight Bitcoin sale? In the meantime, I’ll assume someone criticised some shitcoin or other — it’s usually either that or a bank in trouble.

Hey Bitcoiners — we need to be able to pay for Airbnb with Bitcoin & Lightning. That is all.

Hey @BTC Sessions not sure how much you’ll be thinking about Bitcoin while on vacation, but I’m looking for some good French language Bitcoin YoutTubers to point my French friends at — could you please recommend (or just re-share so one of your followers can recommend)? (I’m guessing you might get asked that a lot in Canada and therefore have a ready answer.) Enjoy the rest of the hols!

Took the kids to a fun park in the UK yesterday. Ticket prices are up 60% vs last year. SIXTY percent.

Inflation! Just a couple of years ago, this would have been £8 tops.

🤡🌍