james22

GDPR & European Innovation Culture: What the Evidence Shows https://medium.com/@AdamThierer/gdrp-european-innovation-culture-what-the-economic-evidence-shows-b19d2309de07

The spice will flow.

https://www.citriniresearch.com/p/strait-of-hormuz-a-citrini-field

Iran’s mining operation was not primarily a financial experiment. It was a demonstration that a sufficiently motivated state actor can construct a parallel monetary infrastructure using physical assets, namely, energy and computing hardware, that no financial sanction can directly target. The US can freeze dollar accounts. It cannot freeze joules. It cannot embargo the mathematical relationship between electricity and cryptographic proof. Iran found the gap between those two realities and moved billions of dollars through it over the better part of a decade. . . . The deeper irony is that American sanctions policy, by severing Iran from the dollar system, may have inadvertently subsidized the development of exactly the kind of alternative monetary infrastructure that Washington most fears. If you exclude a sophisticated adversary from the dollar, that adversary will find another instrument. Iran found Bitcoin. It is worth asking which other sanctioned states are already mining, and what happens to global crypto markets the next time one of them goes dark.

Iran built a machine for converting cheap energy into hard currency under the noses of the most sophisticated financial surveillance apparatus in the world. The machine worked. It worked for years, and it likely suppressed Bitcoin prices, if modestly, for every quarter it ran. https://newsletter.amuseonx.com/p/operation-epic-fury-may-have-done

https://gcaptain.com/the-hormuz-hypothesis-what-if-the-u-s-navy-isnt-in-a-hurry-to-reopen-the-strait/

The training to become a fighter pilot is among the most competitive and difficult in the world with fewer than one in a thousand succeeding. Pushing a cutting-edge jet to its limits at over 1,000 mph means that every split-second decision can have catastrophic consequences. This extreme environment has forged a group of warriors who for the last fifty years have been considered at the apex of decision-making theory and practice. In The Art of Clear Thinking, Hasard Lee distills what he’s learned during his career flying some of the Air Force’s most advanced aircraft. With gripping firsthand accounts from his time as a fighter pilot and fascinating turning points throughout history, Hasard reveals powerful decision-making principles that can be used in business and in life, including: • HOW TO LEARN BETTER AND FASTER • CULTIVATING MENTAL TOUGHNESS • DEVELOPING THE SKILLS TO QUICKLY ASSESS, CHOOSE, AND EXECUTE • AND MUCH, MUCH MORE Hasard has used and taught these techniques across the full spectrum of human endeavors and proven their effectiveness in both the cockpit and the boardroom. Those who have already benefited include CEO’s, astronauts, CIA agents, students, parents, and many others. The Art of Clear Thinking is a book that will change how you interact with the world around you. https://www.amazon.com/gp/product/125028144X/

Was there a thread discussing? I didn't see one.

For the entirety of modern economic history, human intelligence has been the scarce input. Capital was abundant (or at least, replicable). Natural resources were finite but substitutable. Technology improved slowly enough that humans could adapt. Intelligence, the ability to analyze, decide, create, persuade, and coordinate, was the thing that could not be replicated at scale. Human intelligence derived its inherent premium from its scarcity. Every institution in our economy, from the labor market to the mortgage market to the tax code, was designed for a world in which that assumption held. We are now experiencing the unwind of that premium. Machine intelligence is now a competent and rapidly improving substitute for human intelligence across a growing range of tasks. The financial system, optimized over decades for a world of scarce human minds, is repricing. That repricing is painful, disorderly, and far from complete. But repricing is not the same as collapse. The economy can find a new equilibrium. Getting there is one of the few tasks left that only humans can do. We need to do it correctly. This is the first time in history the most productive asset in the economy has produced fewer, not more, jobs. Nobody’s framework fits, because none were designed for a world where the scarce input became abundant. So we have to make new frameworks. Whether we build them in time is the only question that matters.

What if our AI bullishness continues to be right...and what if that’s actually bearish? https://www.citriniresearch.com/p/2028gic

How many here know gold has beat the S&P500 the last 25 years?

Noise, signal, whatever. But fair enough, your call. I'll let it go.

That's nice. I turned $7M into $21M in 10 months. In retirement. (I've since given some back, but I expect I'll surpass that by year's end.)

Until time tells, you'll have to judge me by my reasoning. A decade ago I had an elite education, a high-level career, and 20 years investing experience.

I've 429 posts in the Crypto and 386 in the MSTR threads alone sharing my position sizing and reasoning. If that's not a public record, what is? MSTR returned 359% in 2024. You don't believe my portfolio returned 130%? I'm not competing, or even arguing I'm right. Just that I've earned the right to have an opinion in a way someone who has no track record hasn't.