This early game checkmate I pulled off is so sweet it should have a name. (It probably does and is called the Scottish assault or something like that but I’m too new to know these things)
Last call for RSVPs for Super Bowl viewing at the #Bitcoin Commons, and a visit from Max and Stacy while they’re in Austin. I’ll drop by unless my wife goes into labor.
Why did I wait so long to spend five bucks on paid relays. Welcome back Global feed.
Get on it if you haven’t yet. Last few days were a bit rough, but perf is much better now.
Talking with my brother. Good odds there is a company that loves sticking a finger in Microsoft’s eye, has access to the largest armory of GPUs in the world, and notoriously operates quietly, is working on a competitive chat/search AI project.
Watching you, Valve.
This Bing demo is nuts. Seeing how ChatGPT is integrated in an experience like this is chilling. It’s more than a 10x improvement. It makes OpenAI Chat look silly. Blown away if this is what the product actually looks like.
https://www.youtube.com/live/AxAAJnp5yms?feature=share
PV. I’m getting a lot of questions. Why are you posting how big Texas is? Why does it matter? Because I promised a great Texan, Mr. Haby, that we could scale his message that’s why. It’s important stuff
You get to add one more piece of UI to the bottom of a post. Four things is good, five is bad.
On the one hand, you could increment a number to show views. On the other, you could instantly send bitcoin to anyone in the world any time.
Damus can be better than Twitter, and this is the first UX differentiator that’s clearly superior.
While I’m not happy to see other protocols get messed with by the USG, it’s not a surprise the government draws a distinction between POS and POW and bitcoin vs everything else. They’ll come after us in different ways, but can’t get us on securities fraud.
There are several reasons that the Berkshire Hathaway founders hate bitcoin, but a major reason is their ownership of coal power plants and monopoly pricing in regulated energy markets around the United States.
These energy companies and utilities that all roll up to BH are replacing their coal with renewables not because it’s better for the environment, and not because it’s cheaper, but because they get a guaranteed rate of return on their investments to produce power.
Regulators under the guise of consumer protection attempt to cap the margin utilities can charge their constituents. However that simply incentivizes the power producers to produce the highest cost power possible. If you can earn a maximum of a 20% margin, you’d much rather spend $1billion and make $200 million that spend $500million and make $100million to produce the same amount of energy.
Bitcoin brings incentives to produce power cheaper, which of course would benefit all industry, but significantly reduces Berkshire’s ability to grow. Bitcoin would keep the coal plants going, making these companies stagnant in how much cash they can generate. They have to find more expensive ways to produce energy or they cap their growth.
So yeah, Munger can go fuck himself.