Critical Thinking Brain

Tesla wants to trade power on ERCOT and sell you power

Tesla wants their batteries to serve as demand response with ERCOT

It will get worse before it gets better

The more blackouts and tight conditions we have the more this system will be shown to be really poorly designed  (hopefully)- but it might take many many year of blackouts

I don't fault companies for responding to a system that is already been setup. 

Telsa looking for ex Enron traders

Abortion Outlaw by Texas- but enforced by private people who weren't directly harmed?

Fighting against the supreme court?

Supreme Court strikes are just opinions and do not appeal the law.

Angela Walch tweets and compares decentralization in crypto to abortion bill

Private citizens able to sue someone who helped someone else get an abortion even though they didn't experience a harm.

Rule of law vs rule by law or rule of the regulations (mentioned in Nassim Taleb article on what crypto ppl get wrong about the law). And why code is law is not the same thing as rule of law

Decentralization concept affecting crypto and the grid

Electricity a service or a commodity?

If electricity is a service how does that affect thoughts on bitcoin?

What is the definition of electricity?

Is a service always an abstraction or an intangible?

Intangibles can be real right just not material? Is the flow of elections material? I think they are real, tend to think they are not material, but do not know how to define it.

Be patient and do it with an NFT, much much harder for them to figure out your scheme than say Litecoin.

It isn't a blockchain hack, it is fraud though done through words and lies.

Who is responsible? The brokers that sell litecoin? The litecoin foundation? The news orgs?

Even though litecoin isn't a security (says SEC) doesn't mean they aren't regulated.

If we allow anything to happen on the blockchain then nothing on the blockchain should be considered a hack. If no one is responsible for their code on the blockchain then no one can be harmed or be blamed when things go wrong.

But this litecoin walmart thing happened in the public with words, not the blockchain.

Define hacking

MEV is hacking if you call everything else hacking

Or let's have a free for all on the blockchain where nothing is considered 'hacking'

https://www.youtube.com/watch?v=1ve1YIpDs_I&ab_channel=ScottBigelow

Watch the debate on what bitcoin did podcast between Peter Schiff and Foss Grant.

How do they claim that energy is being stored in bitcoin? 

Bitcoin isn't storing energy. Bitcoin uses up energy when it is created and every 10 min.

Stranded energy- that can't hook up to the transmission line- why are producer producing this stranded energy if you can't sell it or deliver it. Why are they uses resources to 'waste' it if they can't sell it?

Bitcoiners can sell bitcoin for dollars and then take these dollars to go buy energy if they want to buy new energy in the future. But they can't use 'stored' energy inside their bitcoin. 

https://www.youtube.com/watch?v=4FyujZmvC84&ab_channel=WhatBitcoinDid

GBTC is not a ponzi scheme

Grayscale is the Trustee and can be voted out 

You can vote on a lower management fee

A hedge fund can short bitcoin futures, then buy up or convince a majority of GBTC owners to dissolve the trust fund. The bitcoin comes out to the owners of the trust. The hedgefund can dump the bitcoin on the market, profit on their short position and decimate the bitcoin price.

Actually the discount in GBTC is a gift to someone short bitcoin futures-- they can get more bitcoin by buying up discounted shares, more shares to then dump on the market.... creating an even juicier incentive.

Execs sold shares the day they got that Wells notice from the SEC regarding their 'Lend' product.

Bitcoin miners most of them push for green energy for a very specific reason.. I go on a little rant.

Having your cake and eating it too-- 'decentralized smart contract companies' 

They want to sue a hacker for 'hacking' without defining what that is and if what they did was illegal

Protocol devs want to say their smart contracts are just free speech- okay then the 'hackers' interaction with their free speech in the smart contract is also free speech 

Encourage 'hackers' to go public and start to sue anyone freezing their funds from their addresses