Bitcoin ETFs were just approved by the USA SEC for the first time.
Along with generative AI (the rise of LLMs + Diffusion Models), I believe we are witnessing significant and historic inflexion points. The last time I felt this was 7th Feb 2018 (Sydney) when I witnessed the launch of Starman (pictured).
Today, my rural life is only possible because Starman became StarLink. I've had thousands of conversations with people predicting Tesla's 'imminent death' (I worked there in 2017) and many other conversations claiming that Bitcoin and generative AI is a fad.
Bitcoin, Machine Learning and electrified transport are not fads or second layer gambles (like NFTs or sh*tcoins can be). Though scams and fads layer on top, at their very core they contain first principles innovations and value that cannot be extinguished.
I also notice that the strongest opponents to these innovations do not understand what they criticise. 'Bitcoin is a ponzi scheme going to zero!' is case in point.
But it's not about Bitcoin. It's about the relentless momentum of humans seeking out independence, growth and self-actualisation that Bitcoin satisfies.
It's not about saving the planet through 'clean' (lol) electric cars. It's about the engineering reality that electrification of work output is far simpler, more efficient and enjoyable than fossil-fuel based designs.
As a farmer, there are many things that still require dead dinosaur juice but the most pleasurable and human-centric inventions are electric.
Honestly, who cares about 'carbon reduction offset blah blah'. Humans just want their devices, tools and vehicles to be freaking awesome at their job and pleasurable to live with. This often means electrification.
Who cares about Satoshi's 2024 planned halving of the block reward to ensure BTC is a deflationary asset. Humans just want a store (and medium of exchange) of wealth that is immune to the corruption of politicians and corporations that run our lives in 2024.
Who cares about the transformer architecture and the arms race due to the quadratic compute scaling limit. Humans just want the Star Trek Computer that makes our lives easier and supercharges our natural abilities.
Now...if you're under 50 years old, you've got a lot of decades remaining. You will reap a real return educating yourself on the 'weird' terms I've dropped above.
Start by googling 'inflation' and 'fiat currency' to begin building your defence against those who would rob you blind of the wealth you've worked so hard to accumulate.