It lives! I've been slammed working on this for a long time

The future is not something that happens to us, but the accumulated result of what billions of people choose to learn, fund, invent, permit, build and share.

Good question. And I actually do think that 1. People don’t fully recognize how extraordinarily weird markets are right now. We have never seen anything like this : the largest companies in the world exploding upwards with unprecedented levels of cash and more incoming, while markets are not believing it 2. Everything is now in massive flux. Look at the SaaSpocalypse: Americas premier Software companies slaughtered - but their profits etc doing fine. $TSLA at the brink of revolutionizing global transport, stock tanking. 3. I think it’s not Iran etc that is the overhang - it is massive economic uncertainty. If AI is really as powerful as every smart operator seems to believe- doesn’t that mean that 2027-2029 will be enormously disruptive to the labor market ? (Yes). If that happens , isn’t that the biggest tectonic shift in the economy … ever? (Yes). Aren’t there MASSIVE risks connected to it - like mass unemployment , fiscal implosion, socialist revolutions , not to speak of cyber war etc? (Yes) But aren’t there also , and more likely, enormous upsides to this ? (Yes) But markets don’t price in upside vs downside - they massively overweight negative effects of uncertainty. In short: it is obvious that tons of stocks - Tesla, Semis, many software stocks, soon (when it’s lower in Nov ) SPCX are all massively undervalued , and that markets are not willing to give up their defensive position for now

Slowly, then suddenly. The longer I do this, the more I realize that patience is key in investing. Many congrats and much appreciation to the team @Tesla and @robotaxi . It must be an amazing feeling for you all watching these beauties come to life!

Tesla's Chevire project has turned an old coal plant in Nantes, France into a Megapack station that's helping to support the grid. In addition, with the Autobidder optimization service, Tesla handles the energy trading and shares the resulting revenue--yet another source of income for Tesla. This echoes what Chia farmers have been doing for years - repurposing hardware for the efficient proof of space and time protocol. In a world chasing sustainability, Chia's low-energy model stands out. The market will soon recognize this and the patient XCH holders will be rewarded.

The chart below is the monthly chart of bitcoin for about the last 10 years. Not a bad looking chart, right? Looks like an uptrend to me. But no one knows the future, and if they tell you that they are lying. So far in bitcoin’s history (since 2009), after about every 3 years of bullish movement, bitcoin has had a cool-down period, usually accompanied by much FUD and bearish sentiment. Bitcoin futures launched in December 2017 followed by a nasty crash, attributed to institutions using futures to “short the hell out of BTC.” Near 2021’s end, the FTX exchange was exposed for being involved in using its customers funds to gamble on meme coins, tanking the entire crypto market. And now here we are, in a bear market roughly 4 years later, screaming at Michael Saylor for selling 32 bitcoin after his company Strategy had accumulated over 800 thousand BTC! People seem to love having an explanation for bitcoin’s price movements, but to me it really just seems to be the cycle playing out. You can blame the halving, the macro cycle, or the phases of the moon, but at the end of the day, to me it’s just bitcoin being his mischievous self.

Anyone have thoughts on the Tesla and Space X merger? It looks like the earliest would be late 2026 due to the regulatory hoops the companies would need to jump through. Elon Musk has most of the voting power for Space X (over 80%), but the trick would be getting the Tesla board to agree on a merger. Tesla investors have been around a lot longer and have shown much patience in recent years. They've watched the price recently flounder around the $400 level, which is right around the peak that was hit in 2021. So I think they would expect to get good money for patiently holding their shares to recoup some of these "lost" years. Would it be a great benefit for both companies in the long run? Absolutely. An increasingly intelligent Grok (SpaceX) would be used in Tesla vehicles for conversation, knowledge, or even to help guide the cars. SpaceX's starlink will be used in Tesla's robotaxi's and optimus fleet. Tesla's optimus could be used in SpaceX factories to help build the rockets. These robots could eventually be used to build space stations on the moon! And the list goes on. Nothing is guaranteed, but I think it makes sense that this will happen eventually. In any case, it should be interesting to watch. The future is bright!

This is interesting--not just the fact that Alex is slyly transforming our language before our eyes--but the underlying idea here of UBE (universal basic equity). Most people talk about UBI (universal basic income) as a potential solution to the increasing wealth gap. But UBI seems like a short-lived solution. Debased dollars are dispersed and quickly evaporate to pay for daily needs. With UBE, the public is not only rescued from inflation, but they are actually being given a more meaningful stake in our abundant future. Amazing!

Fable is back, but is it the same Fable? Aren't they giving us a watered down version and giving the full version to only select companies? To me, this is concerning if true, because it seems like it will lead us to a world where not only the rich get richer but the smart get smarter (through AI access). The key for a flourishing society in my opinion will be equal AI access for everyone. I realize there are potential security issues with this, which should be a priority of course--but just as important is accessibility. This will lead to personal agency and deeper meaning in life for all.

Interesting how the @Strategy board approved selling of bitcoin today, and the stock is up massively. Perhaps the market cares more about the $1B approved for MSTR buybacks and the 12% dividend for STRC, which will take effect in July?

The competition is heating up and the bell's about to ring! 🔔 Jump into the @permutocapital Permuto Volatility Cup for a shot at $25,000 XCH--just set up a Chia vault and you're good to go, zero entry fee. And a huge thanks to @sethjenks for the awesome artwork that made this video possible!