One of the things that annoys me most is deception. I live around Atlantic City, and so I do go to restaurants and shows there. They purposely design it so you have to walk through the casino to get there. In Vegas now. And of course you have to walk through the casino to get to your room, or to leave, each time. It’s so banal. So obvious. Also, there are kits of lube and condoms at the mini bar. Just casually there in case you need them. That’s nice and all but I never saw that at a mini bar before across countless other cities and hotels. Seems like a Vegas thing? Anyway, good evening.

Spam on the timechain is mostly a symptom of there still being limited monetary/settlement demand.

I think JPEGs on the timechain are stupid. But the idea that they're going to hurt Bitcoin seems so weak to me. Like the US dollar can withstand people scribbling on it but Bitcoin can't? In fact, the idea of Bitcoin as a glorious digital monument with some graffiti scribbled on it represents humanity pretty well. That's kind of us in a nutshell. Seems on-brand. Perfectionists trying to keep their little gardens tidy while trolls come in and find ways to mess with them anyway. NFTs and memecoins already had their peak fad moments. People now know that they're non-scarce gambling toys rather than investments. It's just echoes of that peak now. The only thing that concerned me about the ordinals/runes period was the rapid UTXO bloat, not the blockspace usage, since the latter already has a consensus limit on it. And if Bitcoin transactions can't outprice JPEGs in the long run, then it's just not that valuable. Bitcoin currently does about 1% of the gross settlement volume of Fedwire. That's peanuts. Imagine if it reaches a point where it does even like 10% of Fedwire. What would you pay to move a full bitcoin globally, permissionlessly, in 10 minutes, in a world where it's no longer a niche thing?

US shale oil production is likely to roll over during the next 12 months. At $61/barrel WTI crude, it just doesn't make sense to drill heavily, and OPEC+ can take market share.

GM. A centralized system having some centralized problems today.

This chart of US Treasury performance is from Bank of America's latest global research report. Look at the title, lol.

A major trad publication reached out to me with click-baity cryptocurrency questions to put together a potential article on the subject. I doubt my answers will see the light of day, but I figured I'd post them here.

I decided to read a book called Anji Kills a King. And then on the very first page, she literally killed a fucking king. Wasn’t playing around.