May Updates
Hong Kong rang the "opening gong" for the Bitcoin ETFs there. A new mysterious AI is gaining in popularity. And more early May news.
Hong Kong has an “opening gong” instead of NYSE’s opening bell. Cool to see the Bitcoin ETFs over there — 3 of them — finally trading.
East and West, united in a love for money not controlled by geriatric Satanic human trafficking duds.
How far Bitcoin has come.
It’s weird. To me, much of a nation’s strength comes from its military prowess, resources, and people — yet to the weird fringe leftist Satanic human trafficking Podestaites who dominate DC at the moment, the nation’s strength instead comes from fastidious regulations, misuse of law, “financial control,” and dominating the culture.
The United States lost enormous social and actual capital during the pandemic.
Something like 40 percent of all dollars in circulation were created after the first reports of COVID emerged, and the value of that dollar is down a hair-raising 25.1% or so since early 2020.
A 25.1% dump out in value in only four years.
These are unhappy people, it’s worth noting.
Some independent folks thought the prolonged lockdowns, travel bans, and work vaccine mandates were questionable — and the fringe leftist Satanic human trafficking Podestaite loser lawyer boomer duds who commandeered the culture still largely back in 2020 and 2021 decided that was not okay, so these abstainers and questioners — good people, nearly all — were labeled FREAKS and ostracized from mainstream economy and culture, for years.
Only now are those of us who found those years really fucked up being invited fully back into the fold of modern civilization: healthcare on an even footing, legal services, basic privacy, right to a job without profound discrimination, and so forth.
This time around, the atrophied fringe leftist Satanic human trafficking Podestaite loser lawyer boomer duds don’t really have any control over the national culture, for a variety of granular reasons I won’t detail here.
They’ll try to sick Comedy Central laugh tracks and big influencer Twitch accounts against Bitcoin, and it just won’t really matter at all. It will fall completely fucking flat and it will fall upon deaf ears — in part, because being a cringe no coiner critic isn’t actually all that cool or funny in 2024.
Plus, Bitcoin is up 107% against the US dollar over the last year as I write this. Many “smaller” investors have exposure to it through apps like PayPal, and now the ETFs. Shitting on perhaps the only investment many people have seen come in wildly does not win over hearts or minds, it alienates the fuck out of them, and further drives them toward Bitcoin utopia… people hate division, and they hate unwarranted criticism even more.
The Queen is dead. Jacob Rothschild dead. Charlie Munger dead. Empire nearly $36 trillion in debt, and no longer feared anywhere. China on the rise. It’s not clear who these people are even fighting for anymore in DC, but they lose is my strong guess.
Money was never empire’s strength, it was its military, technology, self-belief and people that made this country great.
But in thinking control of money — an ultimately voluntary human tool — was their Willy Wonka ticket, these people have gradually lost control in all areas of civic and economic life.
Make no mistake, BlackRock’s educational event this week to get financial professionals up to speed on Bitcoin — plus the launch of several Hong Kong spot Bitcoin ETFs — plus the world historic success of America’s own spot Bitcoin ETFs back in January and February… there’s just a lot of good vibes there, and as the Podestaites deploy some of the captured culture against those of us who have done well, I think they will fall flat… or might even make Bitcoin look cool all over again, by way of their over the top opposition.
In the field of AI, gpt2 popped up out of nowhere, impressed people to an extraordinary degree (solving some very difficult logic and math problems in a single go) and then was completely removed — disappeared some might say — from the AI sandbox that was hosting free access to it. A weird story which I’ve summarized over on TikTok in a video.
Theories include it may be a limited release of an upcoming new GPT system altogether from OpenAI, or could even be the result of “self-improvement” from a GPT model tasked with improving its own operational efficiency.
Weird times, the 2020s. Fun time to be a journalist, thinker, and investor, though.
Zoom out and see how absolutely wild everything is today.
Onward,
D