“That is why, for Christ’s sake, I delight in weaknesses, in insults, in hardships, in persecutions, in difficulties. For when I am weak, then I am strong.”
2 Corinthians 12:10
The 20 millionth Bitcoin was mined yesterday. Now there are only one million new Bitcoins to be mined, which will take over 100 years.
Decentralized, inflation-proof, global money.
HUGE HOO HOO HOO Hoosiers win over Purdue in hoops right there
Cignetti and the lads came thru with the Natty.. DeVries gets a huge win over #12 ranked, In State rival, Purdue
IU folks living GREAT right now
Kanzi has passed away this yeat at the age of 44.
This extraordinary bonobo achieved remarkable feats, including completing Minecraft, comprehending over 3,000 words in English, communicating using a keyboard, lighting fires, and roasting marshmallows.
https://t.co/9bQR635JrY
This is a logical concern re: AI bubble
But debt is one of the few problems a government can step in and "fix" (paper over) with the click of a button.
They did it for mortgages.
And the race to AGI is a national security concern.
Over-exuberance and optimism is America's competitive edge
FUN FACT: If Bitcoin closes Q2 above $119K, Strategy will post the largest quarterly earnings in human history.
Bigger than Apple. Bigger than Nvidia.
Do you see what’s coming? 👀
Bank of America’s sitting on $700B in bonds bought at 1% yields in 2020. Those bonds are down ~40%, hiding $100B in losses. Meanwhile, the Treasury needs to refinance $9T and issue $2.5T in new debt this year. Foreign buyers like China are dumping Treasuries for gold. If Trump disrupts this debt recycling, we’re staring at a failed auction or Fed QE that’ll spike inflation expectations. When yields hit 7-10%, Bank of America’s equity won’t survive. A run on the bank? ATMs down? It’s not “if” but “when.” Fractional reserve banking fails-it’s built to. See 1932.
Buffett: "Life today is better in almost every way. You’ve got to figure that you started at a pretty lucky spot just by being born when you were. Imagine staying in some cosmic waiting room for hundreds of thousands of years and then getting dropped into the present — not bad timing. So I would focus on what’s been good in your life, rather than what’s gone wrong. Yes, bad things happen — sometimes very bad things. But life can still be wonderful."