#26: Bitcoin Without a Fight
Dial the clock back by thirteen years. Bitcoin is trading at five dollars a coin. You ask me βwhat will the world look like when Bitcoin is at $100,000?β
New essay from me: substack.com/@loeber/note...
Bitcoin has won.
And the big fight with the regulators, that so many anticipated, never happened. Some things turned out very differently from what early Bitcoiners expected.
Some reflections on the last thirteen years and the Strategic Reserve:
12.03.2025 03:10
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Just FYI a 250GB microSD card is:
1. Often fake if buying via Amazon, reliable ones are marginally more expensive
2. not a durable storage medium at all. Flash memory rots. You want an HDD
18.02.2025 01:57
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We live substantially in the digital world now. Thatβs where I make money and hold most of my conversations with friends. AGIβs impact on the digital world can be very quick
The physical world will be slower. But we shouldnβt let that make us underestimate speed/size of change in the digital world
10.02.2025 02:55
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Correct
10.02.2025 00:22
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#25: Nobody's Thinking Enough About AI
A very strange thing is happening.
A very strange thing is happening. Everyone's talking about the latest AI products. It's exciting! But nobody's looking a few years into the future and asking what this all means.
If AGI by 2030 might be possible, then we're not thinking nearly enough about it.
loeber.substack.com/p/25-nobodys...
09.02.2025 22:59
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Wow!
01.12.2024 16:19
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The resource curse applies just in the same way to tax revenue (California) as if does to oil deposits (Venezuela)
01.12.2024 16:12
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I find it very discomforting that bluesky appears to have no true rules, and that users can be banned arbitrarily
I still think it is unjust that the user who assembled a bluesky message dataset was banned: the API is freely available and public.
Bluesky needs a much more credible ruleset.
01.12.2024 07:21
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Reviewing a ~370,000 word, 2.4lb brick of a book with βa punctilious attention to detail that I honestly cannot faultβ is the most ridiculous thing Iβve seen all week
30.11.2024 00:18
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βFinished Monday, January 2, 2017. 4:47 AM. It was, after all, compelling towards the end. (Also in the start. There was a bit of a lull in the midsection β repetition of some material, and a punctilious attention to detail that I honestly cannot fault.)β
30.11.2024 00:18
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I like scribbling thoughts in my books. Every one becomes a personal item. And sometimes I can go back and nostalgically revisit my marginalia.
And sometimes itβs hilarious.
Today I flicked open my copy of Titan, a biography of John D Rockefeller, 774 pages of fine printβ¦
30.11.2024 00:18
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And so I never eat my avocados. Whenever I think about eating one, I think it's best saved for when I'm hungry enough to eat a full one, not just half
This moment never really occurs though
And so my avocados became overripe, and I throw them away, never having even eaten half
27.11.2024 06:17
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Posting a Short and Frequent Tragedy
I buy avocados because they are sometimes nice to eat
I have several avocados sitting on my counter
When I think about opening one, I know I really am only going to eat half and throw the other half away, which would be wasteful...
27.11.2024 06:17
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bsky.app/profile/john...
27.11.2024 04:10
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Every great engineer has a little toolbox of their own idiosyncratic but highly effective tools and tricks
Every now and again, one of those tools escapes into the real world and becomes a βbest practiceβ
27.11.2024 01:13
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Interesting growth hack⦠someone using their Substack email to sign up for my corporate landing page form. Now I know about one more newsletter
26.11.2024 18:52
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Would probably make a decent bisque
26.11.2024 17:45
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Average marketing email unsubscribe flow
26.11.2024 17:41
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Same. Peer review is broken
25.11.2024 23:08
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If you donβt care and you donβt feel like googling, why ask me?
25.11.2024 22:52
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25.11.2024 22:19
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?
25.11.2024 21:43
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Something something endless blue sky
25.11.2024 21:16
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I didnβt really own much. Iβve always just thrown out my furniture when moving, and then rented furnished apartments for the past few years.
My βstuffβ was mostly a big pile of books and some skis in a storage unit, which I have since retrieved
25.11.2024 18:29
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Forbidden knowledge
25.11.2024 16:18
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I have muted the menswear guy because (even given that he is often right, or on βmy sideβ) his whole shtick is dunking and being mean to people. I donβt think you should expose yourself to that in perpetuity
25.11.2024 08:33
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So itβs a strange feeling. Iβve spent a few thousand dollars on stuff from a few vendors and nowβ¦ Iβm set?
There are flights of fancy, like itβd be neat if I had a sauna and an extra room full of gym equipment, but again β thatβs not really motivating, I know I donβt really care
25.11.2024 08:13
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I am aware of expensive furniture that I could buy, but I donβt see the point. I could buy much more space, but I also donβt greatly care there β I am happy with what I have.
If I wanted to spend like $100M+ I suppose thereβs original art from masters, but I donβt find that very motivating
25.11.2024 08:06
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There are many objects in the like $5000 range that I can theoretically afford but donβt really want to spend the money on, like a high end espresso maker or an Eames lounge chair. But i am already happy with my normal-mortal espresso maker.
25.11.2024 08:04
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I have recently moved into a new apartment. It is the first time in many years that I am buying stuff and furnishing from scratch.
A strange effect: now that Iβve bought things, I struggle to imagine things that I could buy that would make me more happy.
25.11.2024 08:03
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