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Building ….

Solana
Joined June 2015
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Noah retweeted
It is 4x easier to get accepted into Harvard (3.5%) than to graduate a memecoin from a Solana bonding curve (0.89% in 2025)
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Noah retweeted
To survive a full Bitcoin cycle, you need the brain of a philosopher, the patience of a monk, and the financial pain tolerance of a psychopath.
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bitcoin's inception is magical: - pseudonymous founder - Satoshi never spends his sats - leaves at right time - perfect timing post-2008 - "Chancellor on brink of bailout" stamped on 1st block - ideal monetary policy (21M hard cap, 4-year halving) - near perfect tech from day 1
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Bitcoin is flying off exchanges 🚨 Supply shock incoming
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🚀 DeepSeek-R1 is here! ⚡ Performance on par with OpenAI-o1 📖 Fully open-source model & technical report 🏆 MIT licensed: Distill & commercialize freely! 🌐 Website & API are live now! Try DeepThink at chat.deepseek.com today! 🐋 1/n
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"Bitcoin is going to $1 million" - Michael Saylor
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𝐌𝐚𝐣𝐨𝐫 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐌𝐢𝐥𝐞𝐬𝐭𝐨𝐧𝐞 𝐔𝐧𝐥𝐨𝐜𝐤𝐞𝐝!
 We are Incredibly proud to announce that @tap_protocol has executed the first-ever Bitcoin-native smart contracts, swaps, and liquidity pool on Bitcoin L1 mainnet! 🥂
 This represents a historic inflection point for Bitcoin development, and opens the floodgates to a truly native and secure, L1 DeFi ecosystem! 🔥 We now invite builders from all ecosystems to come and construct the future of Bitcoin with us. 🤝 🧵
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Mark Zuckerberg just admitted three things: 1. Biden-Harris Admin "pressured" Facebook to censor Americans. 2. Facebook censored Americans. 3. Facebook throttled the Hunter Biden laptop story. Big win for free speech.
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Why Progressives Need to Care About Demographic Decline In recent years, concern about birthrates and the need for more children has come to be seen as a conservative issue. Most on the left are much less worried about population decline. They point out that even though fertility has fallen, global population continues to rise. Most progressives reason that an end to population growth will give the planet a breather and represents a positive turn toward sustainability. Shouldn't we celebrate falling birthrates as a victory for women’s rights? In any case, we aren't about to run out of people. Yet a shrinking and aging world is not what most people think it will be. The places in the world that have depopulated and grown old do not match the progressive vision of fewer, but healthier and more thriving people. They do not fit anyone’s idea of sustainability. Instead, places losing people are depressed areas of decay and blight. Without the vibrancy of youth or an underlying sense of progress, the world will be sadder and drearier, and a whole lot poorer. Stabilization? Don’t we wish! In 1968 when Paul Ehrlich published The Population Bomb, the total fertility rate was 6.51 births per woman in China, 5.76 births per woman in India and 5.2 births per woman in Brazil. If those rates continued indefinitely, we would have big problems. Whatever the carrying capacity of Earth (and the fact that the world is better fed than ever shows that it is a lot higher than Ehrlich thought) it certainly isn’t infinite. From that perspective, falling birthrates seem like a good thing. Unfortunately, the data show we have blown past 'balanced' birthrates in most countries and now things are crashing. Demographers sort of assumed that falling birth rates would settle down to around replacement and then hover there. That hasn’t happened. Almost no country that fell below replacement is managing a ‘soft landing’. The fertility rate is now 1.9 births per woman in India, 1.57 births per woman in Brazil and just 1.02 births per woman in China, and still falling fast in all of these countries. Meanwhile very old countries like Germany, Japan and Spain, which fell below replacement many decades ago and have been trying to recover, just keep declining. Germany’s fertility is just 1.35 births per woman, less than 2/3 of replacement, while Japan is at just 1.20 and Spain’s fertility is a mere 1.13. Countries that fell below replacement aren’t steadying, they just keep crashing. America’s fertility is only 1.6 births per woman, just 75% to 80% of replacement and far below the 2.7 children American women say they want (according to a 2023 Gallup poll). America makes up the difference with immigration, but soon all but the poorest and least-educated countries will face a demographic shortfall. The pool of skilled potential immigrants from around the world is drying up. Meanwhile, the United Nations’ projections that everyone relies on are perennially much too high, based on the false hope that fertility rates will instantly stabilize after a precipitous fall. Every year, fertility instead continues its trend downward. For example, here is Argentina, according to the UN: Somehow Argentina’s crashing birthrates will magically stabilize in an instant, the UN optimistically projects. (Spoiler, Argentina’s fertility rate for the first half of 2024 was just 1.28, already well below the latest UN projections and still falling.) It takes a population pyramid to see what is really happening A big part of the problem is that we think about population wrong. We see total population at or near its highest levels and think that surely the problem must be too many people rather than too few. But total population is a poor metric for what is unfolding. Consider South Korea. Korea is facing steep decline with a fertility rate that is just 1/3 of replacement. There are so few Korean children being born that for every 100 Koreans there will be just four Koreans three generations out. But if you look just at total population, the problem is completely hidden from view. It’s hard to have progress if the world is declining Almost all of us share something foundational in our worldview, and that is the idea of progress, however you define it. We have come to take for granted that the future will be better than the past. Life expectancies will keep increasing. Technology will keep improving. Science will advance and conditions will continue to improve. Based on that, we assume that the mantra “it gets better” will continue to hold true. We expect that human rights will keep expanding and progress as we have known it will continue. All that progress has come on the back of large populations in countries that embrace new knowledge and invest to develop new technology. Yet those countries are the very ones that are disappearing the fastest. Consider that the parts of the world that are below replacement account for more than 90% of global GDP, and more than 95% of patents and scientific publishing. As the population of technologically and scientifically advanced countries is set to dwindle, many imagine that things will be fine because some poor countries still have a lot of children. But some of those countries are not even interested in carrying progress forward. Consider Afghanistan. Afghanistan’s recipe for fertility is to reject modernity, even to the point that girls are banned from education past the sixth grade. The education of boys is hardly better. The system that gives Afghanistan its high birthrate bears almost no relation to the scientifically advancing world that most of us want for the future. If progress is the goal, we are unlikely to get it by looking to the least progressive countries for our demographic salvation. What population decline really looks like There is a happy vision that many have of a future world of declining population. There will be fewer of us, people think, but we will be more technologically advanced, healthier and richer. What? Are we forgetting what declining places are really like? Think of Detroit, rural West Virginia and rural Japan. Detroit is pictured below. How is this a happy ending for the environment? Oh, and by the way, the people in these depopulating regions aren’t doing well at all. The locales in America that are losing population have some of the worst social indicators of well-being, with deaths of despair being the most tragic metric. Needless to say, these are rarely nice places to visit. Buildings that are unoccupied decay, rust and slowly fall down. The sense of missing people is sad. These are economically depressed places too, with many businesses closed and sales dwindling in the others because of too few customers. What happens to real estate prices in areas that are depopulating? In Detroit, rural West Virginia, and rural Japan the answer is the same. When sellers vastly exceed buyers in a town that is losing people, many properties cannot catch a bid at any price, and so they go all the way to zero. Investing to maintain real estate that nobody will buy or rent is a guaranteed way to lose money, and so a great deal of property in such places is just left to decay. Meanwhile, the recent population trend of Detroit, rural West Virginia, and rural Japan is the future almost everywhere else. Do we think this will be fine? In fact, almost all investment is based on the assumption of growth. Who would invest in a store, factory or company if every year sales will be less than the year before? We haven’t even begun to talk about the impact of declining demographics on things like pensions and social benefits programs. But we already know the answer. Detroit went bankrupt. Japan is struggling under a mountain of debt. West Virginia gets by because of spending from the Federal government. When social safety nets go bust, the results are catastrophic for regular people. In Russia in the 1990s, life expectancy plunged when safety nets disappeared. If America or another developed country goes bankrupt or can no longer afford social spending due to population decline and aging, the human cost will be staggering. The arc of history is moving toward pronatalism. Do progressives just plan to just cede one of the most important issues of the future to the right? Demographic decline is not a made-up problem but a looming calamity that anyone who understands arithmetic and compounding should be able to understand. A post of mine from this Wednesday, which went viral and was retweeted by @ElonMusk included a New York Times chart showing that births plunged by an average of 5% around the world between 2022 and 2023. If GDP numbers where down 5% year over year, we would be talking about little else, and yet births keep dropping, every year. The world of the future will be pulled hard in a pro-natal direction. Just as tragedy and continued demographic threat has turned Israel toward pronatalism, so the severe stress that is coming will bend the United States and most countries in that direction. Do progressives just plan to deny the crisis until it is plain to all, and leave the issue to conservatives? Do progressives believe that the right would do a better job with this than they would? Does history suggest that? A lot of conservatives heed the advice of Napoleon: “Never interfere with your enemy when he is making a mistake” and revel in the very low birthrates of those on the political left. That is shortsighted and will leave us all worse off. We will not remember well those who ignore this growing problem, or treat it like a political football, on either side. Progressives are supposed to have a positive vision for the future The depressing view of the antinatalism sub on Reddit (221K members, nearly all on the left), is that humanity should simply wind down because life is not worth living. That nihilistic outlook is surprisingly prevalent on the left today. Why aren't such ideas being forcefully rejected? By every objective measure, life is better today than it was for most of human history and nearly everyone is glad to be alive. Progressives of the past would not understand people like this at all. The left of the past always had a positive vision of a bright human future, even when their policy prescriptions weren’t so great. Just look at every political poster ever. This strange despair about the future, so prevalent on the left today, would be out of place in any other era. Those who care about the long run will surely have to turn toward pronatalism in some form. Because of how far birthrates have fallen, the status quo can’t hold. Given that, wouldn’t it better to lead on this than to follow? The most effective solutions are cultural, and in culture, progressives have real power Is the left powerless on falling birthrates? Hardly! Remember that it was progressives who took the lead when it seemed that overpopulation was looming and have been quite successful (much too successful in fact) in using culture, persuasion, technology and education to shift birthrates lower. That power has not gone away. There is a lot of low hanging fruit to lift birthrates if the willpower is there: · Educate young people (especially in high-school health class) on the fertility window and the commonness of unplanned childlessness. Lack of planning and awareness early on is the biggest reason people fail to have the children they desire. Since the average woman will have fewer children than she wanted, just helping young people to know the terrain will go a long way toward solving the problem. · Shorten education tracks, created with men in mind, to accommodate the timescales of women who hope to have families. · Talk up marriage, the preferred vehicle for having a family for people across the spectrum. · Reject environmental or other doomerism that leads anti-natal sentiment. · Simply explain that low birthrates are a problem and that our society needs more children to thrive. Most people want to do good in the world and are already looking for how. ‘Have and raise children’ may be the best answer today. (As Israel, France and the Republic of Georgia have all found, simple pronatal messages can remarkably effective.) Shares are greatly appreciated!
Pronatalism is not wierd. It is the sensible position to have in 2024, unless you are completely innumerate or short-sighted. Some are now claiming that low fertility and birthrates are odd thing to worry about. That is nonsense. Worrying about this means you have a grasp of basic arithmetic and understand what numbers mean. The ones who are dismissive show their ignorance of the data and their general unseriousness about the future of the world. The data is what it is, and it points to long run economic and social decline, due to birth rates that are extremely low and headed lower still. The parts of the world that are below replacement fertility account for above 90% of global GDP, and more than 95% of patents and scientific publishing. When @robinhanson warns that progress itself will grind to a halt, when Tyler Cowen warns of an end to economic growth in the world, and when the greatest innovators in tech are trying to sound the alarm, we should listen. Of course fertility collapse will be devastating to economic growth and social health. That should not be controversial. We see places like West Virginia, Detroit and rural Japan that are depopulating. They are deeply depressing, tragic places. That this is now set to unfold almost everywhere is the greatest problem of our age and those not talking about it are too out of touch with the world too lead. We should just ignore those whose response on this crisis is to want to shoot the messengers. If anything, we messengers of pronatalism are being much too timid, and much too polite, given the reality of the data. We are right about what is happening in almost every developed country, the overpopulation worriers are wrong, and those trying to sort this out should simply look at the numbers. They are shocking, and getting worse every year.
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Ahead of today's hearing in Congress: my opinion piece with the @nytimes on why Covid-19 was likely caused by a lab accident. My hope since 2020 has been for leaders, especially scientists, to lead the charge in investigating a plausible lab #OriginOfCovid - as opposed to shutting it down as a conspiracy theory or standing by while conflicted parties do so. That hope has been revived repeatedly in the past 4 years by courageous scientists, journalists and individuals who took on considerable risks to do the right thing and push for a fair investigation. In sharing this analysis of the available evidence with potentially millions of NYT readers, my aim is to undo some of the politicization of this issue - which has stood in the way of a thorough and bipartisan investigation of this global catastrophe, resulted in mis-reporting on origins for 4 years, as well as hindered the implementation of effective measures to prevent lab-based outbreaks. A wholehearted investigation by US gov has the power to unearth more compelling evidence while spurring whistleblowers to find their courage and opportunity. And, regardless of whether the pandemic came from nature or a lab, the world must not continue to bear the intolerable risks of research with the potential to cause pandemics. nytimes.com/interactive/2024…
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JUST IN: Michael Saylor presents one of the best explanations of #Bitcoin you will ever hear 🔥 "There is no second best."
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Noah retweeted
Larry Fink is going on national TV talking about tokenizing the world. Coinbase is about to launch a universal wallet for all onchain coins. ETH ETF this year. Halving in 20 days, rate cuts coming, VCs fomo’ing, and bankers buying our coins. This is about to get really fkn wild.
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Fwiw - this too shall pass. Bear markets are always painful. Same type of move happened in September of 2019 when a large portion of the market was ready for continuation higher after a rally happened. Instead the market puked. From there, pain gave birth to opportunity. Opportunity is on the horizon once again. You can let yourself get shaken out, or remember why you entered this space in the first place and let your conviction carry you through to glory on the other side. The choice is yours. Good luck.
Just got back from watching the new Transformers. I give it a solid 8/10. Checked the markets. I give them a solid 1/10. Doesn’t look good atm brosephs. As much as I’d like this to hold for BTC, further capitulation from here feels likely. Poverty is a magnet.
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Old joke about agnostic technologists building artificial super intelligence to find out if there’s a God. They finally finish & ask the question. AI replies: “There is now, mfs!!”
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🚨SCOOP: @GaryGensler is embarking on a "midnight massacre" in an attempt to bring all of #crypto under his control. In the coming weeks, the @SECGov, @NYDFS and the @USOCC will be bringing a myriad of enforcement actions against exchanges, banks – at Manhattan, NY
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“Doge to the moon” - Elon xitter.gq/billllayn/status/15913…
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No, this isn't crypto's "Lehman Moment" There are no taxpayer bailouts coming nor money to be printed. This is capitalism, and the markets will work it out.
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“The biggest success of my entire life was the fact that I managed to stay entirely unemployed.” — Emil Cioran
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