Just like GBTC back in the day, the entire game now - the whole thing - is figuring out how much more BTC these access vehicles will scoop up, and when they will blow up and spit it all back out again.

💯

I’m so sick of saying “I hope you’re right!” so I’m going to say this once then I’m going to bed. And I can’t believe I have to say this bc it’s so mind numbingly basic… Iran developing a nuclear weapon over decades could’ve been catastrophic. It could’ve given them the

As the swallows return to Capistrano, so too the neocons move the goalposts

What?

The heretofore unsolvable issue below explains SO much of human history.

I worked in big law firms for over a decade servicing many of the top VC firms, and this is spot on.

Trump can insult JPOW all he wants. He can threaten to replace him. But JPOW will go down in history as the only Fed Chair post 1950 who crushed inflation down from over 9% to 2% without having caused a recession. The man is a legend. Living.

The other Fed Chair who was demoted by the president but stayed on as Fed Governor? Marriner Eccles And the main Fed building now bears his name.

Here is Larian’s secret of success, pithily distilled to four sentences. A lot of $$ poured into gaming and timelines ballooned partially due to a lot of that $$ getting burned on prototyping and iteration that went nowhere. The key factor that has been missing is leadership.

Reagan once famously said that government is not the solution to our problems - government IS the problem. Two generations later, government is still the problem, but the solution we need now is GOOD government.

Great article - I was a tech M&A lawyer in the Bay Area during the 2010s in what was, in hindsight, a golden age for software M&A. AI is indeed wreaking havoc on the legal structures and norms governing the relationships between founders, investors and employees.

I worry about this a lot more than Terminator robots taking over.

It’s amazing that he was able to do this just weeks before he passed. A farewell to the world from one of the all-time greats.

One reason I think it’s a mistake for leftists to ignore the Russiagate revelations is that the intel was cooked up specifically so that elites, particularly centrist Dems, could avoid dealing with the substantive frustrations of voters. Call Trump an asset, delegitimize his

Tired of pretending Mr. Beast is one of the good guys. Everything he does is some form of “I paid people to do something completely retarded and degrading in exchange for money!” Weapons-grade video slop designed to melt kids’ brains and destroy human dignity. Deeply sinister.

More generally, we really need to ween people off the expressivist understanding of words, where they function akin to primal yells. It is turning a lot of people into moral idiots, who are unable to see obvious, normatively-important differences between situations. 4/4

1/ Beyond the hype + headlines some eye-opening AI stats to consider Today Mag 7 = 35% of US stock mkt value NVDA = 19% of that––and 42% of NVDA revenue comes from just 5 Big Tech co's buying GPUs: Meta, Amazon, Microsoft, Google, Tesla

Institutionally, Europe has fallen between two stools. It has lost the vigor and creativity that a continent of decentralized, genuinely sovereign states displayed, yet without acquiring the unity and force of a government with a single leader. One sees only a sort of feeble

Texas Oncologist Ben Hunt fejau Eisar Lipkovitz I think you guys are too fixated on the Fed as an institution and ignoring the broader global macro environment. The US and China are engaged in a Cold War, 40 years of global peace free trade framework has been upended, the US govt is taking equity stakes of companies in key