There’s actually a strong reason why Bitcoin arrived before (generative) AI.
Both are downstream of computing power and Moore’s law.
Bitcoin also required mass adoption of cryptography (which up until 1999 was heavily export controlled), and a macro environment that cried out for an alternative monetary system (2008 GFC). But the building blocks had been lying dormant since the 1990s.
AI could only happen post 2010 when the chips suddenly got powerful enough for neural nets to start working.
NEW: Adam Back's complete email history with Satoshi Nakamato was entered in the court records today
Email #1: Adam and Satoshi discuss #Bitcoin 4 months before its official launch
ONLY 12 HOURS LEFT !!
if Bitcoin does’nt break $55k in next
12hrs, i will give $2500 Bitcoin to 25
people who retweet this post and
are following me.
Pls god send it to $55k !!
To celebrate the launch of $DYM & 30K subs on YouTube, I'm partnering w/ @nacion_crypto to give away $200 worth of DYM.
~10 DYM each to 4 winners
To enter:
- follow me & @nacion_crypto
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- rt THIS
- comment a screenshot of you staking DYM w/ Nacion Crypto's validator👇
Live on youtube in a $400,000.00 #btc long trade and I'm giving away $1,000 of the profits at the end of the stream!!! Retweet this tweet and hop in the stream!!!
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This is the most important thing I have said about Macro — and what you need to pay attention to to profit from Macro cycles — in my entire career.
s/o to @APompliano for always asking such brilliant questions. Enjoy and take notes!
The Crypto Cycle & Leverage and where we are now...
Crypto is cyclical. Always has been. Its value is derived from a simple formula:
Value of the underlying technology
+
Global Liquidity
This is why I often say it trades like a call option on the future. 1/