*dispensationalist heresy… has turned faith into foreign policy and worship into warfare* View quoted note →

*As Stevens explains, Bitcoin mining accounts for only about 1% of global energy expenditure on heating. As he puts it: "If 1% of comfort heating were converted to hashrate heating at the current estimated average mining chip efficiency of 25 J/TH, we'd add over 1 ZH/s to the network, effectively doubling its computational size." Or put more simply, if only 1% of the electricity used on generating heat around us went to Bitcoin mining, the amount of computing power dedicated to securing Bitcoin would double* View quoted note →

*great societies are built on proof of work and die on proof of stake* View quoted note →

*there's no reason for multiple fiats to exist and the dollar is the default fiat, the inevitable end-state is the final boss pair of BTCUSD... China can't stop that, but what it can do is avoid going broke in the process by collateralizing ahead of it*

Stacker News

Is China quietly rebuilding the global financial system around gold? \ stacker news ~econ

I like gold actually, it's hard money and it's shiney, but I saw this topic on a video today and actually found it quite interesting https://www.yo...

*It's not about Bitcoin vs. Gold, it's a demarcation of which fiats can collateralize and which can't*

Stacker News

Is China quietly rebuilding the global financial system around gold? \ stacker news ~econ

I like gold actually, it's hard money and it's shiney, but I saw this topic on a video today and actually found it quite interesting https://www.yo...

*Fewer children, in a lot of states, means more inheritance tax revenue. But fewer children also means fewer future taxpayers, and more immigration which has its own associated costs*

Stacker News

The wealth tax nobody talks about is inheritance / gift tax \ stacker news ~econ

Below are inheritance taxes if you were to receive €50k from an uncle. They are typically higher if you receive from anyone more distantly relate...

*To step back to an earlier round of that creative destruction, the mobile phone, not the smartphone. That sardine fishermen off Kerala get to use phones is what drives that economic growth stemming from greater productivity. It is the use of phones - allowing markets to complete where previously information gaps did not - which leads to that remarkable finding that mobiles in an economy without a landline network add to GDP. In fact, per 10% of the population with a mobile an astonishing 0.5% on GDP each year.* Productivity isn’t about who owns but who uses — Adam Smith Institute

Adam Smith Institute

Productivity isn’t about who owns but who uses — Adam Smith Institute

This year’s three Nobel prize winners in economics won because they all argue the alchemy of capitalist growth lies rather in “creative destruc...

*legacies are built, not through visibility metrics, but through value so profound it becomes contagious* View quoted note →

*True meaning comes when work serves life, not the other way around* View quoted note →

*Bitcoin reserves are sort of doing the same thing though as gold: turning them into reserves of the existing system. The existing system will co-opt anything they can manage to* View quoted note →

*Bitcoin is the reserve asset, vault, and monetary network in one* View quoted note →

*if the us and china are both running the printing presses at max speed to fund agi development, bitcoin’s hard cap becomes one of the only credible anchors in a sea of currency debasement* View quoted note →

The most striking pictures of the week | UK News | Sky News

Sky News

The most striking pictures of the week

A French bulldog in costume and witches paddleboarding - here are the images of the week chosen by the Sky News picture editors.

*Some people watch the revolution. Others plug it in* View quoted note →