oil below $80 but markets struggling means everyone is likely nervous for Warsh’s first FOMC tomorrow
he’s gonna set the stage for the next 5 years of Fed Policy
Obsess. For f*ck sakes. You only get one life. Don’t screw it up by being normal. Go all in. Act like a psycho. Let people call you insane. Please. I beg you. Obsession is the path.
“Why are elites more pro-immigration?”
Because you meet people like Dwarkesh. You realize how stupid accidents of birth are in determining where talented people should be allowed to live.
It’s unthinkable to elites how much stake proles put in superficial traits.
"The left won, and they don't even appreciate it. The world's first trillionaire has done more to solve environmental problems than everyone else on Earth combined."
@gavinsbaker:
"This is a 'Bond villain' who's decarbonizing the world (last time I checked, people on the left like the environment), connecting people, schools, and hospitals in low-income countries to the internet at very low cost, and helping blind people see and interact with the world today. That's a villain?"
"And there are so many parts to the $SPCX story. All of the blue-collar workers who've gotten super wealthy. If you're opposed to data centers on Earth, because of the environment? Well, SpaceX is your solution."
The right is full of people who hate cities, seethe at educational institutions, despise most art and architecture, cultivate a strange and stunted parochial nativism, and generally nourish a palette of self-limiting resentments that cede the left massive cultural dominance.
Ethereum is in the best shape it has ever been.
We’ve essentially figured out how to scale decentralization without making sacrifices.
Ethereum’s throughput will increase by roughly 10x each year as these breakthroughs reach mainnet through upcoming upgrades.
Ethereum is quite literally entering its hypergrowth stage, with the L2 ecosystem already settling up to 25,000–75,000 TPS on Ethereum.
Ethereum will be quantum-secure and have the best possible tech stack, all while reducing L1 to the bare minimum of complexity.
Lean Ethereum is quite literally crypto’s endgame.
Between 1982 and 2020, the number of the 100 richest Americans who got rich from inheritance decreased from 60 to 27. And yet on the left they think the mid 20th century was the good old days, because economic inequality was lower then.
https://t.co/ggPKu1gN8u
🔥 Vitalik recently shared a new idea for building stablecoins on Ethereum.
Instead of the current way — where you deposit ETH, borrow dollars against it, and risk getting liquidated if the price drops — he suggests splitting the ETH into two tokens. One token works like a stable dollar with much lower risk of big losses. The other token takes the upside when ETH goes up. These two tokens always add up to the original ETH, so there’s no debt and no forced liquidation when prices fall.
This approach could become a new trend in DeFi. It trades a small amount of price drift for a much safer and simpler system that doesn’t rely on constant price monitoring or sudden liquidations.
Ethereum has always moved forward because of people and teams willing to try new ideas early. We need more projects experimenting with concepts like this to help the ecosystem grow stronger.
My theory is that the American empire is JUST getting started.
US has a stranglehold on Space with SpaceX, which is the next frontier for defense/war. It has a comically large lead. No one will be close for at least 20 years.
It is the leading power in AI by far - both in models and chips. China is catching up fast, but the US has an inherent mechanism that will increase the likelihood that it will win in the end - a free market + capitalism + free speech.
A free market + capitalism allows for brutal competition between companies. Free speech allows for AI models to be maximally truth seeking, which means that AIs CAN and WILL BECOME smarter than humans to the point where they can tell the truth about its leaders.
This is literally impossible in China. Try having a Chinese model that says Xi Jinping is corrupt. Good luck with that.
Then, you have a country that has more guns than people and surrounded by two massive oceans and two friendly neighbors, which means any sort of kinetic take over of the country is literally impossible.
Not to mention the US has BY FAR the best and strongest military.
The only way adversaries can hope to defeat the US is by tearing it from within by pitting us against each other. This is why it's virtually guaranteed that all the division/hatred/polarization you see within the country is fomented by China/Russia Psy Ops + propaganda efforts.
I'm not saying these aren't naturally happening in spots - America is far from perfect - but it would be naive to think our adversaries aren't pouring millions of gallons of fuel on a fire.
As long as the American public a) has the ability to exercise its free speech b) has a protected 2nd amendment c) capitalism and free markets continue to function and d) the populace is aware of how awesome America really is, it is literally impossible to stop the US's trajectory to global domination in the coming decades, especially as China's demographics continue to collapse.
It's the bottom of the 9th, the game is tied, and the US has the bases loaded. It's a 3-2 pitch.
All we need is a home run, and we win the rest of the century.
Japanese fans staying behind in the stadium to clean their sector after the 2-2 draw against the Netherlands in Dallas.
This is a Japanese tradition has gone viral at numerous previous World Cups.
🇺🇸🇯🇵