We are at the finish line of getting deminimus bitcoin transactions (<$600) cap gains free AND ending double taxation on mining/staking in the Big Beautiful Bill.
This might be our only shot at this for a while, today/tomorrow call or email your senator and make sure they know how much you SUPPORT this. If you are a major donor, reach out to your point of contact and let them know. It is so so so close, just need one extra push.
This is a profound self-own, as it shows he cares more about the consistency of theory than Truth. No intellectual worth their salt would hope something fails because its success would mean your assumptions were wrong.
Further, he is wrong. Monetary theory works with Bitcoin
I’m going to hijack Ray’s awesome post here and use it to talk about a particularly challenging engineering problem that we solve in No Man’s Sky, which arises as a direct consequence of our game universe being so astronomically large:
You all probably know about shaders, which are the primary basis for rendering rasterised graphics in games and also might know that large titles can have thousands of shaders, so that they can render a rich set of materials/meshes, particles, shadows, post fx .. and everything you see, in game.
We face a hard and complex task in #NoMansSky when it comes to these sort of shader combinatorics - not only as biome diversity and richness has grown over the years, but also because the exact set of shaders needed to render a planet or anything else that is procedurally generated is not known until it is calculated - nothing in NMS exists until the seeded generation produces the system, planet, ship, station (etc) or anything else that you then see on your screen! This aspect makes “shader loading” in our game more challenging than a lot of titles, where a traditionally designed/static world might allow you to have information about which shaders are going to needed, ahead of time.
One up front thing that we do know is the whole set of shaders that could possibly be needed to render anything in the game .. and right now that number is around 60 thousand. The 60 there is not a typo, but at least we can initially reduce this starting count by 2.5x with some hash reduction - it still leaves us with tens of thousands of shaders, though!
For console versions of NMS this huge shader set can be completely precompiled offline and then streamed in as needed - but on PC shaders have to be compiled and cached by the driver. To deal with such a large set requires quite a lot of extra work, in order to minimise hitching that would happen if a driver has to compile shaders (pipeline states) that it has not encountered before - Nobody on PC likes hitching, and pretty much every gamer has encountered FPS drops that are caused by this problem, across a large number of titles over the last decade, as game rendering complexity has grown.
When running from Steam, there is an embedded shader caching system, (introduced some years back) and this is very helpful for reducing initial load times or long compiles/loads when you update a driver.. but even with this system in place, every time we do a large update (or patch) that has changed a lot of our shaders, we gather data from QA - dozens of hours of real play or smoke-test shader usage, visiting hundreds of planets, dozens of stations, freighters and bases, so that we accurately know and can precompile 99.5% of the most common shaders in use, to minimise this kind of hitching - quite a mad amount of effort to solve something that is never mentioned in patch notes and all just happens behind the scenes!
Sorry I can’t take the AGI risk seriously, like do you know how many stars need to align to even deploy one of these things. if you breathe the wrong way or misconfigure the cluster or the prompt template or the vLLM version or don’t pin the transformers version —
The intersection of AI with the ocean of mass surveillance data that's been building up over the past two decades is going to put truly terrible powers in the hands of an unaccountable few.
Our ideas about money are completely backward. Money is NOT real wealth, and when we understand that, it becomes clear how absurd modern economic thought really is…
The scariest thing about politics today is not any particular policy or leaders, but the utter gullibility with which the public accepts notions for which there is not a speck of evidence, such as the benefits of “diversity,” the dangers of “overpopulation,” and innumerable other fashionable dogmas.
Labradors - double coated, waterproofed & insulated - were bred from St John’s Water Dogs, carefully selected to retrieve fish from the semi-arctic waters of Newfoundland and Labrador for their fishermen owners.
Here are 3 of them, begging to get inside to escape light drizzle.
Here's a short history of people who have publicly attacked Bitcoin, and how it is going for them:
Tim Buckley (ex-CEO Vanugard, who missed the Bitcoin ETF): gone
Matthew Sparks (New Scientist journalist who wrote hitpieces about Bitcoin): ratioed, community noted, Twitter account deactivated
Sierra Club/Earthjustice (wrote attack pieces on Bitcoin and energy): rebutted, have ended Bitcoin attacks.
GreenpeaceUSA (funded by Ripple Chair Chris Larson to run an anti-Bitcoin campaign): bleeding subs, head of campaign left, @changethecode twitter handle and website inactive, campaign acknowledged internally as "having only succeeded in uniting Bitcoiners against us". internal factions and recriminations
Senator Warren (attacked Bitcoin using multiple attack vectors): ratioed, community noted, told by her own party to shut it, anti-crypto "army" revealed to be a handful of academics and non-practicing lawyers. Political influence diminished
Alex de Vries/Digiconomist: PhD student/ employee of central bank DNB who wrote junk-science hit-pieces on Bitcoin: methods utterly discredited in peer reviewed research. Losing followers. No activity on Twitter in 5 months. Now writing hitpieces on AI
Sam Bankman Fried (bribed politicians, stole customer funds, publicly attacked Bitcoin): in jail
Ben McKenzie (Actor, who tried his hand at attacking Bitcoin): Twitter followers plateaued then started reducing as he started attacking Bitcoin. Currently losing followers every day. Gone from media spotlight.
Other Journalists who've attacked Bitcoin: ratioed, credibility called to question, rebutted, unable to issue a rebuttal defence
It's now becoming clear that history will remember those who attacked Bitcoin in the same pantheon of people who dismissed the Internet: ignorant, uninformed and wrong.
Will be interesting to see who else puts up their hand to be on the wrong side of history.
Right now, its only GreenpeaceUSA, the EU, and a diminishing handful of journalists
This is not a bad take, but we don't need to rush into anything. We are not in some hurry, the system can still take another 100x user count and be fine.
We need to get better at figuring out the consequences.
That's not a Luddite framework, it's just extreme conservative
Lots of jubilation about Trump coming out with a pro-#Bitcoin script, but I’d just like to remind everyone that Trump’s DOJ indicted Julian Assange under the Espionage Act, he didn’t free Ross when he was President, & he didn’t pardon Snowden.
Actions speak louder than words.
Literally any use case for electricity that has a marginal revenue greater than $0.05 kwh can outbid a #bitcoin miner.
It’s the lowest hurdle imaginable to clear. Where are they?
14 years ago, Laszlo Hanyecz purchased two Papa Johns pizzas for 10,000 BTC ($41).
Today, 10,000 BTC are worth $700 million and could buy a 40% stake in Papa Johns 🤯
Here's the story of the world's most expensive pizzas (like you've never heard before):
🧵
I haven’t used this hashtag since 2019, but since Judge Mellor so explicitly agrees in his judgment, it’s time to bring it back.
#CraigWrightIsAFraud
PS: Welcome to law 😘