AI had a bubble in the fifties and another in the seventies. Both collapsed. The difference now is that it actually works.

He thinks trillions will move from cash into Bitcoin over the next decade. Most of those people won't know how to do it. His whole company is just helping them cross.

Bitcoin miners now make more renting their buildings to AI than mining Bitcoin. Core Scientific: $136 million from renting, $27 million from mining. A fifth of them have quit in six months. Bitcoin carried on as normal, because mining just gets easier when people leave.

Nobody adopts a technology because it's decentralised. They adopt it when the alternative gets bad enough.

The first known commercial Bitcoin purchase was two pizzas for 10,000 coins in May 2010. The man who bought them says he does not regret it.

The genesis block has a newspaper headline about bank bailouts written into it. Satoshi timestamped the reason.

Working harder doesn't help if the money you're paid in keeps shrinking. Most people are running faster on a track that's getting longer.

Trezor's shipping partner got hacked. 13,689 customers had their names, phone numbers and home addresses leaked. Devices are fine. What's out there is a list of people who own a hardware wallet and where they live. Physical attacks on holders hit 52 in six months.

Real estate is $330 trillion, global debt is $353 trillion, gold is $22 trillion, and Bitcoin is less than 1% of the lot. Hard to be late to something that hasn't started yet.

AI is making everything cheaper to produce and almost nothing cheaper to buy. Someone is keeping that difference and it isn't you.