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“Someone said “30 years ago”, and my mind went to the 1970s, but they meant 1994, and now I need to lie down.”
BITCOIN
2/28/24 BTC right now 61,787.oo
https://www.tradingview.com/twitter-chart/?symbol=btcusd
OTC explained Prior to the launch of these EFTs, BTC soared to a peak of $49,040 on January 11.
- The all-time high Bitcoin exchange rate is not $69,000 – that was in 2021 dollars. For a true all-time high we’d need to break ~$79,000.
- Just remember, if you plan on selling any #BTC at $100k or $200k, you are VERY likely to never be able to gain that amount of #BTC back again !!
- Fidelity now recommending a 1-3% crypto allocation in your portfolio.
Gateway drug. What happens when that 1-3% becomes 3-6%?
Slowly then suddenly.
BlackRock and now Fidelity both hold $1 Billion in #Bitcoin for their clients in just the first 6 days of trading.
Price reached $45k before ETF was launched. Bitcoin surpasses silver to become second largest ETF commodity in the US. Give it time to years end and it surpasses gold.
MAIN IDEA @stackhodler
#Bitcoin is a monopoly with the largest total addressable market of any product on earth.
There will never be another finite store of value backed by the world’s most powerful computing network, bootstrapped from scratch.
There’s only #Bitcoin
With the halving over a month away, it’s already pumping towards a new all time high.
A new ATH before the halving would be a first.
It would throw off all previous models.
Throw away everything you think you know about Bitcoin price action.
It’s time to reason from first principles.
What is the value of a finite asset that everyone needs?
What happens when trillions of dollars currently allocated to inferior stores of value bid for <21 million units?
What happens when Bitcoin is added to target date funds and everyone starts passively bidding Bitcoin whether they know it or not?
We’ve entered a new phase of Bitcoin adoption.
The capital that was sloshing around in previous cycles was a fraction of what is about to enter.
And the buyer is entirely different.
Don’t sell your #Bitcoin
Trade it for health, peace of mind, time with family and friends, memorable experiences, freedom from work you hate, etc.
But don’t try to get cute with trading.
Save in Bitcoin and thrive.
The ECB last week announced posted its first annual loss since 2004, of 1.3 billion euros, even as it also drew on its own risk provisions of 6.6 billion euros, as higher interest rates hit central banks’ securities holdings, per CNBC.
POLITICS
Today, Biden is signing an executive order aimed at better protecting Americans’ personal data on everything from biometrics and health records to finances and geolocation from foreign adversaries like China and Russia.”
ASK FRANK ZAPPA – Do you think the country is turning right?
8 MILLION new Gen=Z voters will be eligible in 2024
They all grew up with their school shootings.
Here’s Elon Musk’s brother outing them as being in the US illegally when they started their first business in California and applying for bank loans. Elon, then, nervously interrupts. He explains their immigration status at the time as a “grey area”. #ApartheidCylde
“We were illegal immigrants”
https://video.twimg.com/amplify_video/1761451086202970112/vid/avc1/458×270/rV5MmcTToxnxjH8P.mp4
Joe Biden Pledges $1.7 Billion to End Hunger Across U.S.
In a breaking development, legal counsel has informed Tucker Carlson that the United States could potentially arrest him on sanctions violations due to his interview with Russian President Vladimir Putin.
China’s largest developer headed into liquidation with ($333 billion in debt)…Evergrande’s $17 billion in USD bonds trading below a penny.:equity was halted at 16c. Total system wipeout as its CEO is also under police control. China’s so-called ‘miracle’ was just a mirage.#China
China’s Electric Vehicles Are Going to Hit Detroit Like a Wrecking Ball
This N.Y.U. Student Owns a $6 Million Crypto Mine. His Secret Is Out.
A legal dispute in a tiny Texas town unexpectedly reveals how Chinese nationals can move money to the U.S. without drawing the attention of authorities in either country.
Jerry Yu has the trappings of what the Chinese call second-generation rich. He boasts a Connecticut prep-school education. He lives in a Manhattan condominium bought for $8 million from Jeffrey R. Immelt, the former General Electric chief executive. And he is the majority owner of a Bitcoin mine in Texas, acquired last year for more than $6 million.
Mr. Yu, a 23-year-old student at New York University, has also become — quite unintentionally — a case study in how Chinese nationals can move money from China to the United States without drawing the attention of authorities in either country.
The Texas facility, a large computing center, was not purchased with dollars. Instead, it was bought with cryptocurrency, which offers anonymity, with the transaction routed through an offshore exchange, preventing anyone from knowing the origin of the financing.
Such secrecy allows Chinese investors to avoid the U.S. banking system, and the accompanying oversight of federal regulators, as well as sidestep Chinese restrictions on money leaving China. In a more traditional transaction, a bank receiving the funds would know where they were coming from and would be required by law to report any suspicious activity to the U.S. Treasury.
California’s new $20 min wage law exempts restaurants that bake and sell bread, where bread is defined to exclude bagels and croissants. Only benefits Panera. Newsom mega-donor owns >24 Paneras.
Newsom says “part of legislative sausage-making”.
SBF aims to get sentencing between 63-78 months after:
*Stealing >$8B in Customer funds
* Paying a $40M bribe to the CCP who is the biggest threat to American democracy
* “Donating” to corrupt Politicians globally
Electric Cars from China. BYD “Build Your Dream”
https://youtu.be/O1fGPck-fNM?si=wxLdYyGumxotph9N
Houthis knock out underwater cables linking Europe to Asia – report
The successful targeting of the four cables, which are believed to belong to the AAE-1, Seacom, EIG, and TGN systems, marks a serious disruption of communications between Europe and Asia.
https://www.jpost.com/middle-east/article-788888
The Houthi Terrorist Group in Yemen is now believed to have Damaged at least 4 Undersea-Communications Cables in the Southern Red Sea belonging to AAE-1, Seacom, EIG, and TGN Systems that run between Saudi Arabia and Djibouti; this Damage is believed to have been caused by a recent Attack is expected to cause a Serious Disruption in Communication between Areas of Europe and Asia.
The reported sabotage of undersea cables by the Houthis 🇾🇪 marks a strategic shift to unconventional warfare, targeting critical infrastructure to disrupt communications between continents. This escalates regional tensions and highlights vulnerabilities in global networks.
Houthi Forces Capture U.S. Navy Unmanned Underwater Vehicle Off Yemen
https://news.usni.org/2018/01/03/houthi-rebels-find-likely-u-s-navy-unmanned-underwater-vehicle
PRIVACY
AI and “I”
The more that I have considered this, the more that I have come to the
conclusion that AI systems should not use the first person term “I” in
their responses. The proper term should refer to the name of the firm
providing the AI, not an attempt to foist responsibility onto a
nonexistent entity. -L
Already drawing user anger, WordPress and Tumblr Plan to Sell User Content to AI Firms
Of course if you don’t have your server on wordpress.com (e.g., you self host), this is not (directly) an issue. Of course, other AIs will be sneaking around to try get your data no matter where you put it, because the AI firms believe they can take anything they want from you and turn it into their own profit centers. -L
https://gizmodo.com/wordpress-tumblr-plan-sell-user-content-ai-companies-1851291225
Google is paying publishers to use its AI to write stories instead of humans
https://www.adweek.com/media/google-paying-publishers-unreleased-gen-ai/
US targets Chinese-made container cranes in spy crackdown
Port and terminal operators must comply with new directive aimed at reducing cyberthreats
Google’s Apology for Its Gemini Image Debacle Reveals a Much Deeper
Culture Problem for the Company
https://www.inc.com/jason-aten/googles-apology-for-its-gemini-image-debacle-reveals-a-much-deeper-culture-problem-for-company.html
The last line in that article about Gemini’s really, really bad week
is perhaps the most important one, and something I’ve been trying to
get through to Google for many, many years:
“As Google is discovering, you need to build a culture where people
will tell you when you’re about to walk into a firestorm so you can
make the best decisions–even if they aren’t always the ones you
thought were right.” -L
Houthis knock out underwater cables linking Europe to Asia – report
Houthi Forces Capture U.S. Navy Unmanned Underwater Vehicle Off Yemen
https://news.usni.org/2018/01/03/houthi-rebels-find-likely-u-s-navy-unmanned-underwater-vehicle
The successful targeting of the four cables, which are believed to belong to the AAE-1, Seacom, EIG, and TGN systems, marks a serious disruption of communications between Europe and Asia.
https://www.jpost.com/middle-east/article-788888
The Houthi Terrorist Group in Yemen is now believed to have Damaged at least 4 Undersea-Communications Cables in the Southern Red Sea belonging to AAE-1, Seacom, EIG, and TGN Systems that run between Saudi Arabia and Djibouti; this Damage is believed to have been caused by a recent Attack is expected to cause a Serious Disruption in Communication between Areas of Europe and Asia.
The reported sabotage of undersea cables by the Houthis 🇾🇪 marks a strategic shift to unconventional warfare, targeting critical infrastructure to disrupt communications between continents. This escalates regional tensions and highlights vulnerabilities in global networks.