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Mining

Is Bitcoin "Tokenized Compute"? Jason Lowery's AI Argument, Checked

Jason Lowery, the MIT researcher behind Softwar, posted that Bitcoin is "tokenized compute" and that AI will need BTC to afford its own actions. Some links in that chain hold and some strain. Here is what his thesis actually says, what the numbers on AI payments look like today, and where I think th

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The World

The Global Oil Crisis: Where Things Stand

A standing page on the oil war, rewritten as it moves. As of October 10: Gulf crude exports recovered to around pre-war levels in September, by pipeline and by shuttle tanker rather than through an open strait, but tanker attacks hit a wartime high in early October; Brent settled at $104.72, 44% abo

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Bitcoin

The Rule That Never Mentioned Lightning

FinCEN withdrew its 2023 proposal to label crypto mixing a "primary money laundering concern." I read the withdrawal notice and the original proposal. Neither says the word Lightning, but the proposal's definition of mixing was written so broadly that a literal reading brushes against how Lightning

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History

Bitcoin Didn't Start in 2008

The whitepaper is nine pages and cites eight sources. Behind those eight sits a thirty-four-year pile of other people's work, from TCP/IP in 1974 to Hal Finney in 2004. Here is the whole stack in two minutes of video.

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Self-custody

One Send, Three Recipients, One Fee

Lightning in a Jar can now pay several people in a single on-chain send, silent-payment addresses included. The builder posted a test spend; I found it in the blockchain, checked the arithmetic, and looked for the matching change in the public repository. Here is what that one transaction shows, wha

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Arts & Culture

The Smaller Your Screen, the Bigger Your Title

A friend sent a joke chart plotting screen size against corporate rank, with the CEO on an iPhone and the bottom rung behind two monitors. It's satire with no data behind it, but it's funny because it's half true. Here's which half, and what the chart accidentally gets right about who has to look at

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AI

One Dashboard, Fifty Accounts, No Human in the Loop

A video making the rounds on X shows a wall of phone screens, each one a social media account posting, replying and liking on its own — the poster's caption claims a single AI dashboard is orchestrating fifty of them at once. The clip is a provocation, not a product demo, but the real numbers behind

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Markets & Economy

The Bridge Loan Nobody Signed For

A ZeroHedge post making the rounds argues that $2-3 trillion a year of circular, on-and-off-balance-sheet AI financing is a bridge loan — one that only gets repaid once enterprise AI spend reaches about $3 trillion a year in 2031. I checked how real the "circular financing" part is and how solid the

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