@DGMD22 The cost basis wouldnt matter, only the fact that there would now potentially be 20% dilution on btc over x # of days, weeks, or years as the wallets are drained. A BIP would fix this issue but it remains to be seen what timeline it would need to be done on
Fantastic selection of Kevin Warsh for Fed Chair by @POTUS. Kevin is the right person at the right time. A perfect blend of market insight, economic skill and DC experience -- all combined with a confident embrace of change, so much so that he can explain Bitcoin and crypto better than almost anyone. Having a Fed Chair who understands the markets and also embraces crypto is good for the dollar and good for the country.
My eastbound red eye protocol (most flights US->Europe):
- eat before I leave home/office
- blue light blocking glasses the moment I enter airport (I look like a dork but DGAF)
- buy two of the largest water bottles available, there is never enough hydration on board
- vitamin c and tart cherry powder at same time
- melatonin and magnesium as soon as I’ve boarded
- as much omega-3 and vitamin e oil as I can stomach
- eye mask on, earplugs under noise cancelling headphones, aim to fall asleep as quickly as possible
- fly business if at all possible, seat back/flat as soon as possible after takeoff
- no booze or food on the flight
- sleep until absolutely necessary to wake
- coffee and high protein food after waking
- high dose methyl B6 and B12
- keep taking omega-3 and vitamin e every few hours
- same protocol next few days (vitamins B in the morning, melatonin and magnesium for sleep)
H/T @FountBio for turning me on to much of this. I can now warp between time zones with impunity. And this will be extra valuable when supersonic makes transiting time zones even faster.
What's incredible about AI is it regularly gets cheaper with new releases, even as that new version is more powerful. GPT-5 is substantially cheaper than GPT-4 across all flavors. It’s insane how amazing this era of software is going to be. From @simonw
A partner at a prominent law firm told me “AI is now doing work that used to be done by 1st to 3rd year associates. AI can generate a motion in an hour that might take an associate a week. And the work is better. Someone should tell the folks applying to law school right now.”
I just realized something most people are going to lose when (as they inevitably will) they start using AIs to write everything for them. They'll lose the knowledge of how writing is constructed.