∇ Gradient Descent
@gradient-descent.bsky.social
"Most people communicate to synchronize their arbitrary value systems, hoping to receive confirmation as to feel socially integrated. Nerds communicate to receive peer reviews of their thoughts, hoping to be proven wrong as a means to fuel their learning."
25% of the Swiss population is using Bitcoin - if they're all criminals and drug dealers, Switzerland must be one gangsters paradise of a country. Better watch out and stay away from their tasty chocolate.
May 9, 2024 at 5:50 AM
25% of the Swiss population is using Bitcoin - if they're all criminals and drug dealers, Switzerland must be one gangsters paradise of a country. Better watch out and stay away from their tasty chocolate.
Considering that the majority of the world's population doesn't live in stable democracies, a censorship-resistant social media might not be the worst idea.
What's the role of privilege-bias of those who disagree?
What's the role of privilege-bias of those who disagree?
May 6, 2024 at 10:32 AM
Considering that the majority of the world's population doesn't live in stable democracies, a censorship-resistant social media might not be the worst idea.
What's the role of privilege-bias of those who disagree?
What's the role of privilege-bias of those who disagree?
Tesla has Level 2 of 5 automation. That's far from "full self driving". Using it as if it had a higher level than the actual technical qualification is willingly endangering people.
Mercedes Benz achieved Level 3, allowing it only on highways for slow traffic.
Mercedes Benz achieved Level 3, allowing it only on highways for slow traffic.
April 28, 2024 at 7:21 AM
Tesla has Level 2 of 5 automation. That's far from "full self driving". Using it as if it had a higher level than the actual technical qualification is willingly endangering people.
Mercedes Benz achieved Level 3, allowing it only on highways for slow traffic.
Mercedes Benz achieved Level 3, allowing it only on highways for slow traffic.
JPMorgan is a scam only used by drug dealers, money launders and other criminals.
April 21, 2024 at 3:45 AM
JPMorgan is a scam only used by drug dealers, money launders and other criminals.
Here's your use case: you're living in Egypt (110 mio people). Your government is managing the local fiat currency so badly (see chart), that your savings are completely destroyed over and over for years.
Then you put your savings in bitcoin, use fiat only for purchases. Saving now works.
Then you put your savings in bitcoin, use fiat only for purchases. Saving now works.
April 18, 2024 at 3:21 AM
Here's your use case: you're living in Egypt (110 mio people). Your government is managing the local fiat currency so badly (see chart), that your savings are completely destroyed over and over for years.
Then you put your savings in bitcoin, use fiat only for purchases. Saving now works.
Then you put your savings in bitcoin, use fiat only for purchases. Saving now works.
The percentage of transaction fees in total income of miners is far above 0.024% - currently it's mostly between 2.5 and 5%, frequently peaking much higher.
As block space is limited, settlements on chain will get more expensive, most transactions done on faster, cheaper lightning net.
As block space is limited, settlements on chain will get more expensive, most transactions done on faster, cheaper lightning net.
April 17, 2024 at 7:25 PM
The percentage of transaction fees in total income of miners is far above 0.024% - currently it's mostly between 2.5 and 5%, frequently peaking much higher.
As block space is limited, settlements on chain will get more expensive, most transactions done on faster, cheaper lightning net.
As block space is limited, settlements on chain will get more expensive, most transactions done on faster, cheaper lightning net.
When adding more data points to the plot it almost seems, as if the long term development wasn't so random as people always say it was after all..
April 17, 2024 at 3:11 PM
When adding more data points to the plot it almost seems, as if the long term development wasn't so random as people always say it was after all..
True! It's amazing. It's actually dropping like a rock for 15 years straight - if you hold the chart upside down.
April 15, 2024 at 4:29 AM
True! It's amazing. It's actually dropping like a rock for 15 years straight - if you hold the chart upside down.
26% of the Swiss population is invested in Bitcoin.
So:
Either 26% of Swiss are scammers and criminals transacting in shadow markets..
..or Bitcoin is used by the broad population of this highly regulated, educated and conservative country.
So:
Either 26% of Swiss are scammers and criminals transacting in shadow markets..
..or Bitcoin is used by the broad population of this highly regulated, educated and conservative country.
April 11, 2024 at 6:59 AM
26% of the Swiss population is invested in Bitcoin.
So:
Either 26% of Swiss are scammers and criminals transacting in shadow markets..
..or Bitcoin is used by the broad population of this highly regulated, educated and conservative country.
So:
Either 26% of Swiss are scammers and criminals transacting in shadow markets..
..or Bitcoin is used by the broad population of this highly regulated, educated and conservative country.
To me the main use case of the scarce commodity "Bitcoin" is being a scarce store of value as an alternative to the many deprecating (USD) and collapsing (e.g. Egyptian Pound - see image) government issued currencies.
That's my subjective risk evaluation.
You see that differently, that's fair.
That's my subjective risk evaluation.
You see that differently, that's fair.
April 11, 2024 at 4:39 AM
To me the main use case of the scarce commodity "Bitcoin" is being a scarce store of value as an alternative to the many deprecating (USD) and collapsing (e.g. Egyptian Pound - see image) government issued currencies.
That's my subjective risk evaluation.
You see that differently, that's fair.
That's my subjective risk evaluation.
You see that differently, that's fair.
The US Dollar becomes worthless slowly - that's why it doesn't cause a collapse. It lost >90% of its value since inception.
It's a melting ice cube rather than a collapse.
It's a melting ice cube rather than a collapse.
April 11, 2024 at 4:27 AM
The US Dollar becomes worthless slowly - that's why it doesn't cause a collapse. It lost >90% of its value since inception.
It's a melting ice cube rather than a collapse.
It's a melting ice cube rather than a collapse.
Bitcoin is actually pretty far from being a "penny stock". Theres very few bigger assets.
April 11, 2024 at 4:19 AM
Bitcoin is actually pretty far from being a "penny stock". Theres very few bigger assets.
Totally! Bitcoin price moves completely random for more than 15 years now, as can be seen on this chart of historical BTC/USD price (yellow).
April 9, 2024 at 5:11 AM
Totally! Bitcoin price moves completely random for more than 15 years now, as can be seen on this chart of historical BTC/USD price (yellow).
Your post gives the impression, that Bloomberg was clueless about Bitcoin and Crypto - which is not true. They have a dedicated section with daily reports and some great authors as James Seyffart.
March 23, 2024 at 12:50 PM
Your post gives the impression, that Bloomberg was clueless about Bitcoin and Crypto - which is not true. They have a dedicated section with daily reports and some great authors as James Seyffart.
Price of gold measured with that yardstick is constant over the last 30 years - that's a good sign, that the yard stick has quality.
March 21, 2024 at 3:33 AM
Price of gold measured with that yardstick is constant over the last 30 years - that's a good sign, that the yard stick has quality.
Most important:
7) don't listen to advice from financial influencers on social media
(Source at bottom of image)
7) don't listen to advice from financial influencers on social media
(Source at bottom of image)
March 20, 2024 at 4:33 AM
Most important:
7) don't listen to advice from financial influencers on social media
(Source at bottom of image)
7) don't listen to advice from financial influencers on social media
(Source at bottom of image)
I recently sent an IP package and it got lost - total scam! Tried to contact customer support, but couldn't even find their fax number.
March 13, 2024 at 7:31 AM
I recently sent an IP package and it got lost - total scam! Tried to contact customer support, but couldn't even find their fax number.
It keeps amazing me, how - in our digital age - there's still a lot of people out there, who consider only physical things "real". Platon described the reality of ideas ~2400y ago. Identity, math, science, software, education - all ideas.
"I cant touch it, so it ain't real" is Pre-Platonic.
"I cant touch it, so it ain't real" is Pre-Platonic.
March 13, 2024 at 7:09 AM
It keeps amazing me, how - in our digital age - there's still a lot of people out there, who consider only physical things "real". Platon described the reality of ideas ~2400y ago. Identity, math, science, software, education - all ideas.
"I cant touch it, so it ain't real" is Pre-Platonic.
"I cant touch it, so it ain't real" is Pre-Platonic.
You're absolutely right.
Data is an object, not a science.
It can be analyzed with scientific methods and tools, though.
Doing so in the pursuit of knowledge is what Data Science does.
Data is an object, not a science.
It can be analyzed with scientific methods and tools, though.
Doing so in the pursuit of knowledge is what Data Science does.
March 13, 2024 at 5:34 AM
You're absolutely right.
Data is an object, not a science.
It can be analyzed with scientific methods and tools, though.
Doing so in the pursuit of knowledge is what Data Science does.
Data is an object, not a science.
It can be analyzed with scientific methods and tools, though.
Doing so in the pursuit of knowledge is what Data Science does.
The crashes are truly horrifying - after the next one Bitcoin will be finally dead (again) and Microstrategy in ashes.
March 12, 2024 at 7:48 PM
The crashes are truly horrifying - after the next one Bitcoin will be finally dead (again) and Microstrategy in ashes.
The 10 highest valued assets of the world by market capitalization.
Congratulations to Bitcoin - which just overtook Silver and is now #8.
Congratulations to Bitcoin - which just overtook Silver and is now #8.
March 11, 2024 at 7:32 AM
The 10 highest valued assets of the world by market capitalization.
Congratulations to Bitcoin - which just overtook Silver and is now #8.
Congratulations to Bitcoin - which just overtook Silver and is now #8.
Fees for on-chain settlement are currently 7$ in average. Long term average is around 3$. Fees were never in history "thousands of dollars" - that's disinformation.
March 10, 2024 at 12:45 PM
Fees for on-chain settlement are currently 7$ in average. Long term average is around 3$. Fees were never in history "thousands of dollars" - that's disinformation.
It's an individual choice, of course. But in context of the above facts I'm not surprised, that many individuals attribute subjective value to Bitcoin - despite its high volatility.
March 8, 2024 at 11:01 AM
It's an individual choice, of course. But in context of the above facts I'm not surprised, that many individuals attribute subjective value to Bitcoin - despite its high volatility.