Alber Erre

servers never go down // infra engineer ☁️ // @wormhole and @jump_firedancer contributor 🐙

[Stack Hodler @stackhodler]

You just articulated one of the best parts about Bitcoin.

It will make everything more affordable. Here's how:

Without Bitcoin, you're forced to invest in a bunch of random stuff to grow your purchasing power.

Hotels, homes, speculative startups, etc.

Sure you know a bunch of it will fail, but you have so much cash that you just spray and pray that something hits and makes up for the losses.

That's capital misallocation. And it's happening at scale.

It inflates the price of everything for everyone.

Including homes that people need.

So what happens when people start stacking Bitcoin instead of dumping money into real estate investments?

The price of homes that people actually need to live in will fall.

Prices are truth.

They are the market's way of telling you the relative value of things.

So if your buddy can't get anyone to dump $16 million into a hotel, that means he's holding the bag.

He (or the bank that owns the hotel) needs to revalue the hotel much lower to whatever the clearing price is.

That's what happens when you play around with 20th century stores of value at the dawn of Bitcoin.

Asset holders need to adapt or die.

The price of real estate will continue to fall relative to Bitcoin because it's a terrible store of value compared to BTC.

Insurance costs, property tax, maintenance costs, tenant headaches, natural disaster risk, pandemic risks, etc...

Capitalism won't stop though.

At a certain point, Bitcoin returns slow down when it's properly priced closer to ~$10 million a coin in today's terms.

And then it may make sense to buy equity in businesses that can offer cash-flow or rapid growth opportunities.

But it's important to remember: People won't stop consuming just because they have Bitcoin.

When someone has surplus wealth, they eventually value time/experiences/material comfort more than incremental wealth.

Or they may want to fund entrepreneurs for excitement / challenge / impact.

And so Bitcoin will incentivize people to save and carefully allocate capital, but once they have "enough" - they will still trade some of their Bitcoin for goods and services.

One last thing:

You said deflation is a bad thing.

Deflation is coming no matter what.

When AI and robots are doing 90% of our work, that's massively deflationary because they can do things way faster and cheaper than humans.

Which should make the price of everything fall.

But you're right that deflation is bad for a debt-based economy because you can't pay back debt if the currency the debt is denominated in gets more valuable.

That's why central banks debase currencies to make sure the debt based economy doesn't implode.

So right now, instead of letting technology gains make things cheaper for everyone, central banks actually make sure we all face 2% growth in prices every year.

And they'll debase the currency as much as they need to to make sure prices grow instead of fall.

Which is why things get worse every year if you're stuck in the fiat system.

Luckily anyone can opt out of the inflationary system right now by adopting finite Bitcoin.

Bitcoiners are already living in a deflationary world.

We're getting the full benefit of humanity's increasing productivity.

Everything around us is getting vastly cheaper every four years.

Anyone can opt into this deflationary system at anytime and get the full benefit of the AI / robotic revolution that is just beginning.

[Alber Erre @0xErre]

@naiivememe 9

[TRÄW🤟 @thatstraw]

That's how I remember it

[Anton Zhiyanov @ohmypy]

Early return is probably the most underrated practice, even among experienced developers.

[Alber Erre @0xErre]

@oyacaro A good aftermath is at The Block cafe, it has the surfing vibe too 🙌

[Alber Erre @0xErre]

@oyacaro @tensor_hq enjoy those waves sir 🫡🏄‍♂️

[Alber Erre @0xErre]

@oyacaro @tensor_hq Is this Las Canteras? 🧐

[Ankur💻🎧💪 @TheAnkurTyagi]

A weekend gentle reminder— you just need a laptop, nothing else to have a great career in software engineering.

[Alber Erre @0xErre]

@flaviocopes Facts ☝️

[Linus ✦ Ekenstam @LinusEkenstam]

Future of AI assistants

A “jailbroken” Google Nest Mini running custom LLM’s & voice models by Justin Alvey

This demo is insane, a matter of time before these are shipped like this as standard.

Link in next tweet

[Alber Erre @0xErre]

@_ilmoi @solana @toly @jump_firedancer @wormholecrypto Sure 🙌 -> https://t.co/g6XaILkpQm

[HaxRob @haxrob]

A friend asked me to find out why his connected lightbulb app was asking for his location, so I ducked out to Australia’s favourite hardware store, Bunnings, and grabbed one to check out.

The Android grid connect app has 500k+ downloads.

Let’s take a quick look! 🧵
(1/n)

[Alber Erre @0xErre]

Apple just copied this clip from 2014 👀 https://t.co/gLRKbW9fPX

[Alber Erre @0xErre]

@fd_ripatel @jump_firedancer Thank you! 🎉 happy to be able to contribute to this 🙏🏻

[Alber Erre @0xErre]

Definitely more than Four, but these are the ones that hooked me harder 🎮

[Cab 🌋 @Cabanimation]

I'll bite. Four games that defined your childhood

[Alber Erre @0xErre]

@_ilmoi ☝🏼this

[Alber Erre @0xErre]

@_ilmoi It’s like our childhood

[Alber Erre @0xErre]

@mert @latitudesh By any chance you planning to open source how apply monitoring on the whole thing? 👀🙏🏻