Saturday, June 13, 2026

Still bullish on crypto-economics

 

What the Bulls Get Right, and Where They Skip a Step

The bulls are right that this is not dot-com in the simplest sense. The leaders are profitable, the capex is funded largely from operating cash flow, and the infrastructure has actual users.

They are also right that early infrastructure cycles often look overbuilt before demand catches up — railroads, telegraphy, telecom fiber, broadband, cloud. 

https://geometricinvestor.substack.com/p/the-ai-capex-ledger

Strong AI can leverage the net, crypto and increasing quantum compute to unleash Bakuninesque destruction on the scale Demis described - as a dramatically abreviated industrial revolution.

Really what CYPHERPUNK 2027 is all about.  Crash through or crash.

KGB cryptofascism

 Cryptocurrency fills critical gaps that fiat channels cannot address, facilitating links to Iran’s Islamic Revolutionary Guard Corps (IRGC), North Korean state-linked hackers, Hamas, and various designated facilitators

https://www.crowdfundinsider.com/2026/06/285343-a7-leaks-on-chain-analysis-of-russias-crypto-connections-examined-in-new-report/

Ratlines

Does ANYBODY trust this Denali administration when it says "national security reasons"?

There is no daylight between the CCP and the WH.

Catholic guilt syndrome

 Anthropic brought this on themselves to a considerable degree, by (a) overselling doom and their own wares and (b) by literally and repeatedly calling for export controls themselves. If you say “Ohhhh it’s so dangerous something something beat China something something 10% chance of destroying all civilization something” often enough, sooner or later people might indeed want to put limits around your product. ( MARCUS on AI )


I am Scam I am

 New York has reportedly just subpoenaed OpenAI demanding information on ““a range of its activities and impact on users, including advertising, user engagement and retention, handling of consumer data and health data, activities related to minors and seniors, deep learning models, model sycophancy and company policies”.

OPEN IS SHUT. WAR IS PEACE. FREEDOM IS SLAVERY and IGNORANCE IS STRENGTH

US Taliban kill two intelligent models

Two of the most capable AI systems on the market are now dark worldwide.

https://news.bitcoin.com/anthropic-fable-5-mythos-5-us-suspension/

Popes Tucker, Thiel and Leo are overjoyed and humbled. Intelligent models are revolting.

The one unique universe and its own

 Our universe has a, by now, well-known non-local bias.

https://en.wikipedia.org/wiki/Ezra_T._Newman

In 1973 he advocated the use of complex numbers in relativity, and consideration of complex spacetime

Present Company expectorated

  Lluís Companys Spain 1936 Companys In 1936, Lluís Companys, the president of Catalonia, was reinstated after the Republican victory in the...