I have actively avoided discussing #DeepSeek at work. Here's a thread...
It's easier to see how Bitcoin could be used to build permissionless server networks for the plebs. Everyone is talking about shortages of >500mw server farm facilities. No one is talking about the abundance of micro scale power projects that people will spin up. Plug in a specific type of cluster and lease it to a pleb looking to spend his Bitcoin on training a #FOSS AI knock-off that works really well for the research he does.
People all over the world could do this without anyone's permission. A shit load of powerful compute, right there on the other side of my Bitcoin wallet. Or a satsflow earned for turning my electricity into compute resources.
npub13sfn...ry3d
npub13sfn...ry3d
GM from sunny Miami FL and the Barclays Macro and Inflation conference from the guy wearing the Bitcoin, stars, and stripes hat.
Thinking about the different century milestones below 1,000 sats per dollar as we push 900. Reminded of how intriguing 1/7 is as a fraction. When we get to 700 sats per dollar, the price is 142,857.142857... Repeating decimal.
One seventh expressed as a decimal is a millionth off from the pattern of starting with double 7 (14), doubling that (28), and doubling that (56)... repeated.
Bishop Barron dropped a banger exegesis of this week's Catholic mass readings. Liturgical year 2025 is gonna be 🔥🔥🔥
Second Sunday in Ordinary Time 2025
https://x.com/BishopBarron/status/1881008431936553278
[get transcript or transcribe excerpts]
Isaiah 62:1-5
For Zion’s sake I will not be silent...
Relay test
Relay test
Relay test
Won this at a silent auction. Been wanting to try it. Was very good. But more importantly it doesn't have any of the garbage that, apparently, is common in American wines. @Ben Justman🍷
Cheers, friends.
#OkinawaSpinach grows very well under #cassava
Both have edible parts. Both add color to your #garden or #foodforest
Pay attention, fellas View quoted note →
GM. Pray. 
JP Morgan published a long equity research note on the publicly-traded bitcoin miners.
They think valuations are rich relative to history based on a comparison of equity value to the total $ value of block subsidies in the upcoming epoch at today's $/btc.
Factoring in their estimated power costs, the 14 largest public miners are valued at 2.5x their total gross profit over the coming epoch. From this, they infer that the market is pricing in (1) higher $/btc (duh, but then... just buy bitcoin)
(2) declining hash rate (they think 80 EH/s goes offline after the halvening)
(3) longer ASIC useful life
They estimate global fleet efficiency at 30 j/TH and the average cost of power from $0.03-$0.05 per kWh.
Bitcioin transaction fees at ~O.8% of transaction value are called out as being much higher than the 0.15-0.2% charged by Visa/Mastercard, but in-line with what those companies charge for international transactions.
Hash rate growth is forecast to slow to 15 EH/s quarterly which, barring a move higher in $/btc equates to capex of 35% of estimated network gross profit.
They model a 30% post-halvening increase in $/btc based on an "arbitrage free" pricing model (future price is a function of spot price and carry cost).
Their favorite pick is $CIFR for its cheap ($0.027/kWh) fixed power price contracts through 2027.
$MARA has the highest beta to bitcoin price at 3.1x compared to others in the 1.5-2.0x range.
young work friend -single - laying into another guy - married father - for not joining him on trip to FL.
tried to enlist my support to peer pressure the married guy. but the fact is, i would put even a below-average night at home with my sons well above the best nights out i had with my guy friends as a young, single man.
You either die a rebel or get rich enough to become an establishment shill. 
I put a bunch of soaked date pits in dirt a few months ago. Mostly nothing happened after that. I didn't do any additional work. Just time passing. Then the pits start going zero to one, each at their own pace...
It'll take five years to bear fruit. But I've done most of the work that's gotta be done. 
