What is an AI data center? It’s parallelizable and instantly deployable “cognitive labor” that can be metered/billed down to the micro-unit (tokens). And if that is true, then this capex buildout is the foundation of a new economic layer. What’s that worth? A pre-AI economic stack was: 1. Natural resources (extraction) 2. Infrastructure (energy, internet) 3. Compute / industrial production 4. Platforms 5. Applications 6. Human labor AI doesn’t just sit inside one layer, it collapses and rewrites multiple layers of this stack.

Remember: Bitcoin still doesn’t care. It doesn’t care about Elizabeth Warren, or Larry Fink, or the Fed, or the SEC, or ETFs… Ticktock, another block.

“The problems in the subprime market seems likely to be contained” -Bernanke, March 17, 2008

Today’s bailouts showed which money is the “magic money” FDIC limit: $250,000, wait no, just kidding, it’s now unlimited

#[0]​ the Star Wars trash compactor analogy may be going live this weekend!!!