jp

#bitcoin #auspol, I support nuclear energy, HIGHER interest rates and civilisational values. innovation drives wellbeing.

[jp @jp_hig]

@ThStoneh @skdh Yeh he loves talking about non locality and Bell but despises the role of measurement as having to do with anything. He’s given talks about his concerns with many worlds but I’m not across that.

[jp @jp_hig]

@ThStoneh @skdh It’s been his preferred interpretation.

[jp @jp_hig]

@ThStoneh @skdh It’s his preferred interpretation

[Milton Friedman Quotes @MiltonFriedmanW]

Milton Friedman responds to a heckler asking if he’s ever been poor:

“Of course, more so than most people in this room. How many of you have worked a 12-hour day and gotten paid 78 cents?”

“But that’s irrelevant—is there one of you who is going to say you don’t want a doctor to treat you for cancer unless he himself has had cancer?”

[Sabine Hossenfelder @skdh]

Pilot-wave Theory Returns from the Dead!

In a recent comment in Nature, a group of physicists argue that a much-discussed quantum tunnelling experiment does not rule out Bohmian mechanics after all.

Bohmian mechanics is the pilot-wave version of quantum theory in which particles have definite paths. In 2025, Nature published the report of an experiment that tested Bohmian mechanics. Its authors used photons in two coupled waveguides to create a region where Bohmian mechanics predicts that particles move with zero velocity. The authors however reported measured speeds of about one million metres per second.

The authors of the new comment argue that this was not the correct particle velocity used in Bohmian mechanics and that the result is then consistent both with standard quantum theory and with Bohmian mechanics.

And this, you see, is my problem with Bohmian mechanics. Each time someone says they found a way to rule it out, a Bohmian comes to say, no, actually Bohmian mechanics predicts the same as standard quantum mechanics. In which case, why use it?

[CryptoCon @CryptoCon_]

No closes yet, but it seems very likely that Bitcoin locks in a break below the First Low Bear Band, triggering a move to the Second Low Band at 44.5k.

The cycle bottom target here is on the lower end of my projections at 28.5k.

I am being very patient for the right cycle low conditions, I am not afraid of "missing out".

Especially as returns diminish and the possibility of a lackluster cycle (which most people find impossible) looms, it is more important than ever to wait for the best time to invest.

I think plenty of people will "call" the cycle bottom this go around, because if you do it at every low, eventually you'll be right. Was buying altcoins at their cycle bottom impressive last cycle? For most... not at all. The big "kicker" will be if Bitcoin only reaches... or doesn't reach, ATHs next cycle.

It's the invincible twist, because almost no crypto influencer has a plan for a complete cycle flop.

"So what will you do then, CryptoCon?"

At this point, I am very uninterested in buying Altcoins in the upcoming cycle. I think they are being challenged as a viable sector, like NFTs.

I do think Bitcoin still has potential. Even a run from low prices to near previous ATHs is a good return.

I also believe this would be temporary. And once the losers have been obliterated, a select few crypto will rise to maturity to continue more modest growth.

Diversifying seems smart. Stocks, Index Funds, and ETFs have become more interesting. I'm still waiting for good buying opportunities there too, before I allocate.

According to the Quartercent Cycles Theory, a major pause/recession is not projected until 2034, making it a great candidate for diversification.

[Fiat Archive @fiatarchive]

Buckminster Fuller in 1967:

"Wealth isn't gold; it's energy. By 2000, there will be a scientific accounting system for wealth—aligned with the laws of physics."

A visionary nod to Bitcoin decades before its time.

[Peter H. Diamandis, MD @PeterDiamandis]

Wealth used to follow geography, it then shifted to the best education. Now? It follows curiosity. The most curious person in any room is the most valuable person in any room.

[jp @jp_hig]

@DrCameronMurray @lifeasdaddy @Crashman_X Don’t celebrate yet. They’re not actually cuts. It’s a demand driven program.

[Crypto Fergani @cryptofergani]

Plan B if Bitcoin won’t work out.

[Massimo @Rainmaker1973]

Iranian TV ad for tea (chai) before the Islamic regime took over

[jp @jp_hig]

@PoliticalToonz @DrCraigEmerson @dodona777 Yeh I get it thanks. There are fault lines between conservatism and liberalism that all of this touches on, I’m sure you’re aware…

[jp @jp_hig]

I totally agree with your last sentence and I’m also against taxes on capital. But having a super system supports not distorts everything in that sentence. I’ve never understood why conservatives don’t support super- individuals saving for their future is a foundational conservative idea. If you have policy ideas to get our super funds to take more risks that is a good idea. I do think they are too risk averse and could be supporting startups if it weren’t for govt killing innovation by taxing its rewards.

[jp @jp_hig]

@PoliticalToonz @DrCraigEmerson @dodona777 Fair enough but still can’t fault Emerson and these guys for saying Australia is relatively low taxing. Super is not a tax. The issue will be we are overly reliant in our tax mix on income (and now capital) rather than consumption and rents like other countries.

[Benjamin Cowen @benjamincowen]

Our date with destiny is coming in HOT

[jp @jp_hig]

@brainstormity @benjamincowen Interesting. Conclusions don’t actually seem consistent with his outlook.

[jp @jp_hig]

@benjamincowen This does not seem bearish enough. Absolute blood on the streets floor in the model seems to be $63k, is that right?

[jp @jp_hig]

@SincDavidson Well put. Of course we don’t live in a “closed finite system.” Just look up at the night sky.