Normie traders have ‘Buy/Sell’ buttons, while maximalists only have ‘Buy/Hodl’ buttons on their trading interfaces. Bitcoin is the ultimate asset.

The Transformer architecture is not the only way to do AI. It is still not energy-efficient, so there is a lot of room for optimization. Remember when DeepSeek was released? Nvidia’s stock price suddenly crashed because people realized that you don’t need expensive H200 GPUs with 192 GB of HBM3e memory and 8 TB/s bandwidth to achieve the same results simply by fine-tuning the software.

We have a 10-sigma event in silver, a gold pump-and-dump that looks like a shitcoin chart pattern, and trillions of dollars wiped out in a single stock-market session. To me, this looks more like a major reset than random market behavior. From that perspective, I even think Bitcoin is behaving pretty solidly as more people begin to understand its foundational concepts.

About people running their own node, and in response to “Argumentum ab Auctoritate.” I follow Carl Sagan’s warning: “One of the great commandments of science is, ‘Mistrust arguments from authority.’ … Too many such arguments have proved too painfully wrong. Authorities must prove their contentions like everybody else.” While expertise matters—I could not fly an aircraft, perform brain surgery, or design a skyscraper—running and fine-tuning a Bitcoin node is something anyone can learn, much like playing the guitar. Much of computer science and IT is built on practice and empirical knowledge, and only in the last four decades has software development become more formalized as engineering. History has shown that even brilliant, highly credentialed experts can make catastrophic mistakes. For this reason, we should incentivize decentralization: it builds resilience and enables knowledge discovery through the wisdom of the crowd.

You’re more likely to get a sensible explanation from AI than from people reacting emotionally on social media. I asked Gemini to go through all the BIPs to get a big-picture view of Bitcoin’s development history. Then I asked it to specifically explain BIP-110—its pros and cons, the criticisms, and who would benefit from it, etc. At the moment, I still haven’t changed my mind, and I’m still running a Knots node via Tor.