Thanks @beeple, I’ve been a fan of your art for a long time. This is my new favorite.
When I decided to sell my art I wanted every piece on the blockchain and to accept Bitcoin as payment.
“The Internet of Money” by Andreas Antonopoulos really opened my eyes.
"Bitcoin isn't backed by anything."
Let me stop you right there.
Bitcoin is backed by energy. Real energy. Kilowatts. Heat. Physics.
The kind of backing you can't print, fake, or vote into existence at an emergency Fed meeting.
Every block mined is a thermodynamic proof of work. Not a promise. Not a policy. Proof.
The issuance schedule has never been amended by a committee. Not once. Not ever. Because there is no committee.
There's just math. Cold, indifferent, and immune to political theater.
The network is secured by more raw computing power than anything humanity has ever built. Hundreds of exahashes per second standing guard. Every single day.
Now let's talk about what is backed by nothing.
The dollar.
It's is backed by confidence. Specifically, confidence in the institution that printed $6 trillion in two years while telling you 3% inflation was healthy and you should be grateful for the soft landing.
In the same people who can't pass an audit.
Who fund wars with a credit card.
Who promise solvency while sitting on $39 trillion in debt and accelerating.
"Backed by nothing" isn't an attack on Bitcoin.
It's a confession about the dollar.
Follow if you're serious about building wealth they can't print away.
@thsottiaux Codex windows app just not responding right after every other prompt forced me to use codex inside antigravity, which is a 2/10 experience of something this beautiful. Missed opportunity
Personal update: I've joined Anthropic. I think the next few years at the frontier of LLMs will be especially formative. I am very excited to join the team here and get back to R&D. I remain deeply passionate about education and plan to resume my work on it in time.
The Government should issue a £100bn British Bitcoin bond with a coupon of 2%. Buy Bitcoin and split the profits with the bond buyers TAX FREE.
When Bitcoin is worth £3mil a coin by 2045, we could pay off the UK's national debt and usher in a new Golden Age for Britain.
I'm more confident in Bitcoin reaching £3mil a coin than any British Government balancing the books and paying off the debt.
Might as well take a chance, the ship is sinking anyway.
@EricJorgenson
When are we launching the Audible version of The Book of Elon on https://t.co/bDHturguhE?
Counting the minutes 🍀 Till then, I will do a rerun of The Almanack of @naval
@Rajatsoni The irony is that the people who can't see it are the same ones who will use it.
Nobody understood what a bank was before they needed one.
Same for Credit Cards and the internet!
@kunalb11@naval Efficiency was always the goal.
Software just made it cheaper.
AI makes it instant.
The bottleneck was never ideas, it was execution cost.
@naval Marc Andreessen said software eats the world.
Took 15 years.
AI ate software in 3.
The compression of disruption cycles is the most underpriced fact in tech.