Correction: The rate at which people are consuming the narrative of what it has built…
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Correction: The rate at which people are consuming the narrative of what it has built…
Tell me more about the green crystal pls
“Just because you’re paranoid doesn’t mean they’re not out to get you.” #Plebchain
AI is not killing Bitcoin but I will probably drag several use Pubco miners into insolvency. “AI pays $200-500 MWh vs Bitcoin mining at $57-129 MWh” is an incomplete comparison, what actually matters is what either of these things COSTS per MWh relative to what they make/pay. The perennially negative economics of major AI providers suggests that hyerescaled AI costs significantly more than what it “makes.” Many of these Miner + AI deals are seeing miners take on capex ownership of GPUs and ongoing AI operations. This brings us to the second important point that the cost of AI services to day are massively subsidized (by VC and private credit fluff), perhaps the most subsidized thing ever, and even that these subsidized price levels there is not enough organic, paying customer demand to make these operations profitable. Bitcoin be fine. US PubCo miners pilling into the AI narrative just as it’s breaking, will be extra rekt. #Plebchain
Indeed!
Well, one of 2 overweight people in the county. He has been cultivating overweight in his daughter to fortify her for the internecine succession battles ahead.
What will you do to help address this problem? How will you make new comer education better? #Plebchain
Get Flat Earthed Bro! 😂
The hidden insight here is that Bitcoin allows you to be your own psychopath. #Plebchain
Thanks for the fun read! Yes the world feels very uncertain, however, I think is a function of Western-style atomization going increasingly global, as much as it might be from any true economic and technological disruption. Things feel so uncertain because so many people do not have networks, third-space communities, or extended family to call on for employment / economic opportunities. I’m presently looking to jump from my current company and despite what is said about this job market, I’m seeing traction with companies where I knew someone to refer me and companies that are local to my area, that despite being plenty large and established, lack the prestige of FAANG and FAANG adjacent companies, often because these companies operate in the real economy rather than the inflated digital one… Further, I’m realizing that if I had been even more active in the local community over the past years, this process would that much easier. And this isn’t just about corporate employment, these trusted-human social connection networks are an almost singular source for generating new ideas, new companies, and new movements. I think if more people committed to seeking out social and community integration in their lives, our present times would feel much less uncertain for them and others. #Plebchain
TRIGGER WARNING: When sats are recognized as a unit of account, THEY WILL BE CALLED “BITCOINS” #plebchain
#Bitcoin | 方法总比困难多 | ความรู้สึกขอบคุณ | Human Flourishing Maximalist 🧡💜🤙🏿⚡️ https://Moongoon.art 🎨📸🤸🏾♀️📚📱🔮 Maze Artist | Photographer | Capoeirista | Storyteller | Technologist | Alchemist Original Art | Prints | Photography - DM for interest