If Elon consistently has top tier AI, that's a huge accelerant to all his other businesses. Bunch of feedback loops forming here.

Capitalism has dramatically increased the spare time enjoyed by everyone

On one hand, bullish for ETH, obv. On the other, at some point we'll get another hostile admin, and they'll push some aggressive KYC thing at the validator level, and the stablecoin issuers will have to support the surveillance-fork & that will be most of the economic activity.

Is this like the debt ceiling now?

And the value has gone *down* over this timeframe. I'd argue it's actually negative for a number of degrees.

Fwiw, it feels like the market's expectation for this has been pretty much nil for a couple months now. And yet BTC broke $120k, despite all the folks who insisted trading over $100k was due entirely to gov buying hype 🤔🤔

Gotta love the traders who delete tweets

People with IQs of 110-115 are even more dangerous in large groups. They come up with utopian schemes that are incompatible with human instinct, or the principles of economics, or even the laws of thermodynamics. And then they try to proselytize them, talking about how great it would be everyone would just... But everyone will not just. And often, it would be a disaster if they did. Midwits are smart enough to come up with grand plans, but too dumb to ever gain a full appreciation of just how complicated and unpredictable large-scale systems are. They fail to approach them with the proper caution, and never seem willing to test their ideas on a small scale before trying to implement them on a large one. They are college-aged English and Theater majors who have grandiose opinions about how all of human societies, in all of human history, have been wrong, but they are unwilling to test their new theory by using it to run, say, a small sandwich shop, before voting for Bernie Sanders to implement it across the richest and most powerful nation on Earth.

The future is unknowable, except when it comes to government spending.

The chief value of this post is demonstrating that the philosophy majors who promote this sort of thing are not only hopelessly blinkered, but full of contempt for people like you