People don't understand what good money is. Until they do, they won't understand why bitcoin matters.
played in a poker game last night with a couple friends and a group I mostly met for the first time. not a frequent poker player anymore, first time I sat down with chips in years, but I used to love it as a high schooler.
the takeaway is that most high-income people in my generation don't own bitcoin, don't understand the difference between bitcoin and crypto, and are intrigued by bitcoin quite a bit because of its historical performance. it really made me wonder, as do interactions with new classrooms, how we are still so far away from a mass understanding of bitcoin. still feels years and years away.
I contemplate if this is a hinderance to adoption or simply evidence of the work that needs to be done on education. it also makes me feel that there is still trillions in upside to bitcoin's market cap. this is a message I expected to write 10 years ago, or even 5. but the theme remains: the public at large does not have any idea what bitcoin is or why it matters.
True, but the Dems don't have a plan either. 🤷♂️
What do regular Americans worry about in the first five minutes after they wake up in the morning? They worry about their kids. Their bills. How they’ll afford to pay the mortgage and fill the tank. They don’t worry about Iran or renovating the White House or any of the numerous other things Trump spent the last year rambling about. Republicans did not speak to the issues that directly and immediately impact regular Americans. They did not present a compelling plan to deal with those issues. That’s why they’re getting crushed. And they deserve it.
1 employees laptop was the failure point. Wild.
Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified.
The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far.
Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We will also publish an updated Proof of Reserves once the remediation is complete.
As an immediate precaution, Binance has:
- temporarily suspended deposits and withdrawals while security checks are completed;
- revoked the affected address authorisation;
- engaged law enforcement and blockchain intelligence partners to trace and recover funds.
Our teams are working around the clock to resolve this issue safely and thoroughly. We are working closely with our law enforcement partners to confirm the identity of these criminals and bring them to justice.
Please rely only on official Binance channels for updates. Please feel free to contact Binance Customer Support if you have any further questions.
binance.com/en/support/annou…
strictly₿TC retweeted
if you want to understand how AI will progress, study how bots changed chess and poker. Compare and contrast.
the best humans can’t beat top bots at chess. Never.
Poker is different. Bots beat pros over large samples, but a human can still sit down and win a session. That's because poker is a game of incomplete information and chess isn't.
a bot can play close to game theory optimal poker, but the hidden cards and variance give humans a fighting chance, especially in the short run.
Life is poker, not chess. It’s a game of incomplete information and luck. No amount of computing power eliminates that reality. This means the best bot won't be the one that wins every hand. It'll be the one with an edge that compounds over thousands of decisions.
In the short run, anyone can win. In the long run, the edge gets paid.
In chess, ‘human-plus-bot’ teams once beat bots alone, until the engines got too strong and the humans just got in the way. In a world full of hidden information, that partnership lasts longer.
SO, in the future, the winner won't be human or bot. It'll be a human who knows what the bot can't see, when to use judgment and intervene, and when to shut up and let it play.
Dude owns michael.com. Dude knows scarcity.
The new michael.com is live. Explore my interviews, keynotes, articles, presentations, and resources on Bitcoin, digital assets, and the future of money. Redesigned to make the ideas easier to find.
strictly₿TC retweeted
Most people don't buy physical gold or the ETF. Why would most people buy bitcoin? Sadly, they won't.
That doesn't stop bitcoin NgU though.
One of the saddest days of your life is the realization that working hard and working smart isn't enough to escape the rat race.
That moment eventually led me to bitcoin and smarter investing. So it turned out pretty good.
If Strategy could do it over again, there would just be STRC. No other prefs.
Yeah, they were building out the yield curve, but that was before they figured out how to package STRC.
STRC was their iPhone moment. But by the time they figured it out, they already had STRF as the senior most offering.
If they could go back in time knowing what they know now, I seriously doubt STRF would be senior to STRC.
strictly₿TC retweeted
Hey @grok, if I invest today, which of these will be worth the most in 20 years?
Pick only one and make no mistake
• $500k S&P 500
• $500k SpaceX
• $500k Nvidia
• $500k Tesla
• $500k Gold
• $100k Bitcoin
🤖 Made with AI
