₿ut a man of faith. Forever a student of markets and life. Failure produces pain, yet no growth comes without it. Embrace & reflect. Together we grow.🌱
Anthropic's official statement regarding its suspension of Fable amid government directives after individuals such as @elder_plinius found ways to bypass model guardrails aimed at preventing misuse, including cybersecurity-related malicious use cases. #Ai
https://t.co/NNS74WmcbD
there are some technical nuances worth mentioning, but they're well worth the tradeoffs IMO.
biggest win: regulatory. you can't access the bitcoin, so you're not a custodian. this would be massive.
inflation: ecash mint can't print more than it receives in btc. this is what hal finney did with his rPoW back in the day, but it wasn't tied to an existing currency.
reproducible builds: the mint is reproducible meaning that anyone can verify whether the version running in the enclave is malicious or not. the operator could potentially run malicious code but transparent logs would prove that the operator acted maliciously.
denial of service: this the biggest practical risk. the mint operator could simply turn it off and stop processing payments. since they can't rug the bitcoin, it doesn't really benefit the operator. if the operator used a funding source that expires, like ark, they would even risk losing their bitcoin which would disincentivize this behavior.
just to be clear: this does not reduce the risk to zero, but it does get rid of the biggest regulatory concerns which means that public organizations that can be held accountable have a realistic path for running mints without becoming custodians.
it's not a pipe dream, feasibility has been demonstrated internally. this is coming.
it's a win win win for bitcoin and bitcoiners.
$CAR insane setup: Selling the 500C/800C vertical spread (weeklies) to fade the overextended squeeze and capture IV crush.
I didn't take the trade, but you could have!
The 10 steps of becoming a Bitcoiner:
1. Buy $200 worth because “it might be a good hedge.”
2. Watch it go up 11%, immediately develop a messiah complex, and start calculating what your portfolio will be worth when Bitcoin hits $13 million by Christmas.
3. Watch it drop 22% in two days, stare at the wall in total silence, and tell yourself you’re “thinking in four-year time horizons” while your stomach is falling through your ass.
4. Start pirating Austrian economics PDFs to read while you eat your Scooby Doo Kraft Mac & Cheese.
5. Begin saying phrases like “sound money,” “Cantillon effects,” and “monetary premium” to people who were simply trying to enjoy a burger in peace.
You are totally not autistic AT ALL by this point.
6. Realize every purchase now has a shadow price in sats. That burrito isn’t $14. That’s 11,000 sats, you absolute animal.
7. Develop a completely normal habit of checking the Bitcoin price at 3:17 AM with one eye open like a divorced Civil War general waiting for updates from the front.
8. Become physically incapable of hearing the phrase “diversified portfolio” without smirking like a schizophrenic medieval peasant who buried the king’s gold under his floorboards.
9. Lose the ability to talk to normies entirely because they’re excited about a 4.3% savings account while you’re internally screaming that the money is made of theatrical fog and central bank dementia.
10. Arrive at the final form: calm, dead-eyed, spiritually detached from the matrix, and weirdly comfortable knowing that everyone will call you insane right up until the exact moment they call you lucky.
That’s the Bitcoiner journey.