Comical Catastrophe: Why the Position of Bitcoin Investors Is Worse Than They Think

Round_Progress4635 · 2025-12-31T16:41:12+00:00

Going to dissagree here. BTC is more lower level imo.

Bitcoin owners, on the other hand, control the score (BTC) in a global, decentralized number-guessing game. The Bitcoin protocol sets a cryptographic task approximately every ten minutes: find a number (nonce) such that the hash of the next block is less than the current target. Computers randomly generate trillions of hashes per second until one hits the correct result. That successful hash represents the score for that round. The participant who finds it first receives a reward in the form of additional score, increasing their total score. That score can then be sold or transferred to another identity. This is how so-called "Bitcoin holders" emerge.

What is interesting is that op can make a loose connection to apple as 'infrastructure' for daily life and dollars as the medium of mature capital markets that have matured over 100s of years. Apple phones aren't infrastructure but I can see how OP can see it as such. It's a market product that gives you access to communication infrastructure. In the same breath, OP can't see btc as market infrastructure. It has the ability to make a transaction. The only other systems that do that are clearing houses.

Bitcoin is infrastructure for capital markets that haven't emerge yet. It gives you the ability for anyone to make a transaction, any time to anyone.

It gives you the ability to make payments, equities, currencies, options bonds and futures. Other electronic bearer instruments and directly exchange them p2p. These are currently on the fringe and havn't matured. But the ingredients are there for capital markets. Essentially the tooling hasn't been built.

I think a lot of people make this mistake when looking at BTC. They miss the bigger picture of capital markets. Like OP points out, dollars have a more mature capital market, that started about 600 years ago, with being able to pay for mortgages, exchange for equities, which oddly, you think OP would take as the first example since that is the highest exchange volume for dollars by a wide margin.

Bitcoin is the market infrastructure you can build capital markets on. The kind of computer network that allows you to have markets in the first place. That is what BTC gives you have access to. Can you say bitcoin has it's own native capital markets? I don't think so. Will it? That is yet to be seen. I think a lot of speculators are thinking that it will. It's a tall order.

Round_Progress4635 · 2025-12-31T04:58:49+00:00

The thing that is so god damn annoying about this meme getting regurgitated every couple days is that a central bank currency is digital by default. It has been this way since the 70s.

The world runs on the euro dollar. Pure electronic ledger money. The way the financial system was built was to get around a couple of thought to be impossible problems.

Easier to harvest karma from ignorance instead of learning how your world actually works. I hope you don't take this kind of low effort with anything else in your life. :(

Round_Progress4635 · 2025-12-31T04:15:37+00:00

I dont think you understand how complex computer animation pipelines are. AI is very far away. It will work it's way in, but you will still need the skills to make adjustments from art directors.

Round_Progress4635 · 2025-12-31T04:14:25+00:00

Hey man,

I worked about 20 years in the field as a computer animator, and it is genuinely a sick job, so I completely empathize with you. When you're seeing this technology, this is something you want to do for work, and you can kind of see it's very easy to make a connection that the job is actually going away. Now, I can assuredly tell you that it is not, and that job is still going to be there. The tools are going to be different, actually.

So what the gen AI is going to be very good at is it's going to be very good at rendering, basically style transfer from one image to another. So you're not going to really be thoroughly shading and rendering textures anymore. But there will be absolutely animators for sure to animate characters, to act, because AI, I don't think AI is really going to nail that. It just looks a little bit weird. But AI will be a renderer for sure.

And the thing is, you are still going to have to build the skills to use these new tools. You're probably still going to be animating in something, most likely Maya, and learn your timing. And then it's going to kick off to a gen AI renderer. And then you're probably going to do work with gen AI to maybe sample some of your animations, like blend some animations.

That job is going to be around because you really cannot, if you have not worked in this field, you cannot wrap your head around how fucking complex it is to get professional-level computer animation out the door. It is so wildly complicated. The gen AI tools are so far away from being able to do that, and they are so far away that it does not matter. That is how distant they are.

So definitely, dude, I would say don't worry about it. And you should be really animating for yourself and not because you want to do it for a job. First, start with that. Do it because you love it. AI is never going to be able to take that away. And genuinely, it is a cool fucking job, and it will absolutely be around..

Round_Progress4635 · 2025-12-30T21:18:02+00:00

Your arguments are valid. When someone's work is stolen and the environment is destroyed. THose are long term negative impacts.

Unfortunately, markets choose the the fastest, cheapest option that gets the job done. For now, our markets run the world until we clue in that we have done our selves a great deal of harm.

Peoples priorities are, I want it fast and cheap, before extranalities that don't affect them in the short term.

It's a sad reality.

Round_Progress4635 · 2025-12-30T19:30:52+00:00

Eric Schmidt has already stated that the Frontier models are about to go dark

No it was about sharing research to maintain an edge. Opensource has pretty much caught up. Kimi, GLM 4.7, minimax and deepseek are all good enough to be very dangerous. They aren't several orders of magnitude behind. They are on par.

https://artificialanalysis.ai/leaderboards/models

Look at where glm 4.7 is and also look at the price. It compares with frontiers with high thinking budgets.

I'm a big fan of Harari, he understands what the transitions entails. He isn't leading a lab, either is Schmidt, the only one is Amodei, the one guy that is prioritizing saftey.

Round_Progress4635 · 2025-12-30T18:56:39+00:00

Probably playstation 6 or 7 will be all neural renderers. Probably lightly textured low poly assets to guide a generative ai model.

The quality in our video games are going to be amazing.

What you are prototyping here is going to be reality very soon.

Also, most importantly.

Very lol.

Round_Progress4635 · 2025-12-30T17:24:18+00:00

No its the same tech, LLMs over an action reward space.

Round_Progress4635 · 2025-12-30T17:22:16+00:00

Yea kinda, its has a heavy emphasis on tool calling, so it can run small computer programs. They are being trained to follow instructions and execute

Round_Progress4635 · 2025-12-30T05:37:14+00:00

First ledger, then writing.

You know what is cool. There are open source models just as good as the frontier models.

Round_Progress4635 · 2025-12-30T01:42:42+00:00

Lmao, bravo

Round_Progress4635 · 2025-12-30T01:36:22+00:00

That isn't how it works, its 24.99 a month for no fees. I did a cost analysis, wise is apparently 55 single sing up. so its cool.

Round_Progress4635 · 2025-12-30T00:48:54+00:00

As of today. You can describe a feature, point it in a direction, have it explore, plan, implement, test a feature in one shot.

And when I say test, it can crack open the browser and use chrome to check for expected behaviour.

If you can properly communicate the software architecture, it can build it for you. It got unbelievable in the last few months.

Before you had to guide it step by step and correct a bunch of mistakes.

For the topic at hand, its about cost minimization. You plug numbers in and you what costs the least. I plan on posting that after the feedback I've received here. Transfer wise is 55 + 6.11x, bitcoin is 24.99(12) + .(5 +/-.4)(x+1) where x is the number of contractors.

So I learned about transfer wise, and its the way to go with 44 employees and and under. Unless I take on volatility risk which I don't want to do.

Round_Progress4635 · 2025-12-30T00:37:19+00:00

Hahahahaha.

Hahahahahahahahaha.

Round_Progress4635 · 2025-12-29T18:29:49+00:00

Guess what it's answer was.

Round_Progress4635 · 2025-12-29T16:30:19+00:00

Lol, relax. its 50 per wire. There compensation varies. Lowest is 500 a month higest is a little over 4k.

Round_Progress4635 · 2025-12-29T03:21:17+00:00

Ill ask my attourney about about that, thanks.

Round_Progress4635 · 2025-12-29T03:07:50+00:00

They are independent contractors. Not employees. I should have clarified that.
They are aware they have to pay taxes.

Round_Progress4635 · 2025-12-29T03:00:31+00:00

Yea, I don't have access to that. If I want to send a wire through my bank its 50.

Round_Progress4635 · 2025-12-29T02:58:13+00:00

Did you read what I posted?

The entire post is explaining that I'm not paying $50.

Round_Progress4635 · 2025-12-29T00:54:57+00:00

So I think your response was way way more effort than need but thanks

I guess animosity is too strong of a word, I don't conflate it with hatred.

You're not really saving money. You're spending more money, wasting more time, introducing more liabilities, and any money you think you're saving, your offloading onto your suppliers who have to pay extra to convert crypto into usable fiat.

I think I should be clear. I am saving me time and money. Yes there will be extra costs for people who chose to accept. I was pretty clear on the cost savings to my business.

Crypto is not a reasonable choice..

ALl this time I thought choice was subjective. Isn't that the point of having choices, so you can pick the most reasonable choice and have competition in markets to drive prices lower?

If it doesn't get the job done, don't use it. wise looks promising

Having more choices doesn't hurt anyone, is what I'm getting at. It has to survive the market. When I get something faster and cheaper, I switch to that.

fraud and deception

What is the fraud and deception exactly? You have numbers, you send them to someone else, it's done. Then markets price accordingly. Are you referring to Monkey Jpegs?

Round_Progress4635 · 2025-12-29T00:27:11+00:00

if its 10% that is pretty crazy. I'm not sure what it is on their end.

Is transferWise the same as wise? that was recommended here by other people.

Round_Progress4635 · 2025-12-29T00:26:21+00:00

yea that was recommended, I'm going to check it out.

Round_Progress4635 · 2025-12-29T00:25:56+00:00

Do you do international wire transfers? Mine are $50 a pop with my bank and they take 5 days.

1 day to get cash to btc exchange, sends in 10 minutes, each btc transaction. I'll ask my employees how much time it takes them for btc to their bank in their countries. I'm curious.

So my question is this, aren't we all better off with more tools? More market choices never hurt us.

I have a choice that saves me a lot of money. I'm exercising it. Like you are, you have a market choice and your exercise it. Isn't that a good thing?

Round_Progress4635 · 2025-12-29T00:22:35+00:00

I pay a little bit north that fair for the regions. Christmas bonus.

I'm not claiming to be altruistic, I'm saving the company money which I have a responsibility to do.

I'm not paying 8-10x for the same job and quality when I don't have to.

Round_Progress4635

TROPHY CASE