Experts, central planners, and all of the so-called intellectual class will not accurately predict nor plan the impact of AI. In fact, they’ll be comically wrong (as always), and most likely in ways that expose their grift (in the tradition of court astrologers and prophets). And as you’d expect, decentralized markets will adapt and innovate new business paradigms, leading to a net increase in jobs as the “knowledge worker” class (mostly spreadsheet jockeys) slowly die out. The most free and most decentralized markets will innovate first, and (again, as always) central planners will come along afterwards and pretend they control everything, and add stifling regulations to enrich themselves while bringing nothing but misery into the world. Oh and of course central banks will continue their grift while hard assets and resources flow away from them. Based on this, you can easily pick the winners and losers of the coming economic disruptions.

Today’s quantum computers can’t multiply numbers reliably, let alone even process a large number. You can give a quantum computer your private keys and it can’t handle the forward point multiplication needed for an elliptic curve. A quantum computer could be given a seed phrase and it can’t generate the key pairs and derivation paths. Until there’s a quantum computer that can do basic arithmetic like pocket calculator from the 1980s, we should stop pretending there’s some imminent threat. And we should stop funding fraudulent research claiming factorization breakthroughs. View quoted note →

Make a will. Many Bitcoiners wrongly approach inheritance planning as if it’s a technical problem to solve. It’s not. It’s entirely a cultural/spiritual challenge, especially if you have children. The process of making a will forces you to rethink many of your relationships with friends and family. This is good and healthy. You should be fostering relationships (especially with family and neighbors) such that you would trust them with your children’s lives should something happen to you and your spouse. And the goal of inheritance planning is not to dump your wealth onto unprepared children, but it’s to foster inter-generational wealth such that your children will grow the family fortune and not merely spend it, which is exactly what Bitcoin incentivizes.

I think the response to demonstrable lies is not appeals to authority and “peer-reviewed papers” (as if that carried any weight in the pursuit of truth), but instead speak truthfully in the face of deception. The IMF represents an ungodly and evil system and we should stop pretending it cares about truth. They know they’re lying. Invoke the name of Christ Jesus and do not play the demons’ game of sophistry. Demonic principalities will of course react with predictable lies and deception, call out the lies, and in Christ’s name and banish the demons. This carries far more weight (infinitely so) than peer reviewed papers and rational arguments. View quoted note →

There's lots of insightful takes on the bank runs and bailouts, but many can't see the forest for the trees. Or rather, they can't see the dumpter-fire fire for the flames.

Nostr is oddly liberating. This will likely catch on even inside the panopticon of corporate and government jobs. For now though, it's fun to see a bunch of nerds talk about Bitcoin, Nostr, and a decentralized future.