If you look at both as marginally legalized gambling, the former (crypto) at an 8 billion player table, easier to understand than just through lens of "still too much cash" in the system
I am sure you can make a similar argument that the chance of hitting 31 on a roulette table is ‘lower’ compared to 2021 highs or whatever imaginary gambling stat we can conjure up.
These are all made up numbers so number go down or up isn’t the issue here.
Despite what most media wants you to think, the recent run up of GME isn't directly related to retail investors (having too much money).
The price increases have been happening mostly in pre market and in big blocks, which indicate it's hedge funds or market makers, and might have something to do with option contracts and short covering.
There is a lot of money in the system but most of it is held by banks and sitting on the side lines. Just look at M1 money supply chart via st Louis fed...
This is sad. I hope that this is not the beginning of a (much larger) escalation cycle.
Multiple reports says that when those drones get near, Iran will launch multiple Ballistic and Cruise missile that are much faster, with the objective of saturating Israel Defenses.
> with the objective of saturating Israel Defenses.
It seems very likely that Iran is not trying to cause much actual harm. It seems fairly obvious that they are trying to do just enough to be seen doing something against Israel, but not enough to provoke a real retaliation.
No idea if they've skirted that line properly - it's "up to Israel" now in how to respond.
“the Iranian drones, which are several hours away, carry a 20-kilogram warhead, which “the simplest bomb shelter” can protect against, and says he estimates that the drones are likely headed only to military targets.”
That's only the first wave though; a coordinated attack will have the faster moving and more deadly munitions launched much later to arrive with the earlier waves, taking advantage of any distraction and disruption caused by the easier targets.
I´m an outsider, but most demand in the last months have been GPUs and AI accelerators. And Intel foundries are not making them yet, only the ARC that are not very strong.
There's been demand for LLM accelerators since late 2022, but so far only the Groq cards have materialized and those aren't really viable for anyone but high end enterprise datacenter use.
Literally nobody's making these things yet, Nvidia gaming GPUs remain the best price to performance option lol. Intel Arc only does compute work through Vulkan which is not exactly comparatively fast yet, so despite being well priced for the VRAM they offer they're not seriously considered.
+1 endorsement for me. I run a kubernetes cluster on a set of dedicated servers for some years now with Rancher and love it. All my team are very productive with it!!
Are you running Rancher with rke2? I checked like 9 month ago and gave up again on rancher for managing my rke2 setup as it still had too many features missing / was not really usable
We have been running RKE2 for a few years now never had any major issues or anything missing that wasn't possible to add with a helm chart. The only thing we changed with the most recent cluster is disabled the built-in CNI/kube-proxy and installed cillium instead, since calico very occasionally gave kube-proxy issues.
Well, from my understanding, it seems more like the "megacorps" are conceding and joining Bitcoin, rather than the other way around.
Bitcoin is still the same (mostly) it was a decade ago, so who/what changed in order to make the ETFs happen? It doesn't seem to have been the protocol at least.
These funds run out of things to pump and get cut out off? Just because they offer instrument, does not mean they aren't there only to make money on their cut.
I dunno, a decade ago people were still acting like Bitcoin was a currency and making apps and signing up coffee shops and talking about how if the entire global GDP of $45T went through Bitcoin, each Bitcoin would therefore be worth $2 million.
Now it's just, an asset, that's worth money, for reasons?
I think that's OK? What something is used for does sometimes change after it's been deployed.
What was once a network for universities to communicate and share information, became something much more than that, for better or worse, as one example.
Not sure if counting it as a currency, asset, technology or whatever changes anything regarding if Bitcoin ETFs are a "win" for Bitcoin or not.
> Now it's just, an asset, that's worth money, for reasons?
The total cluelessness belied here in an effort to discount bitcoin as though it's unthinkable that anyone would want it is such a silly posture to take.
Before the transaction pool wasn't crowded, now it is because it's highly valued around the globe.
It's a vehicle for scarcity, and functions like a money or foundational asset similar to a US treasury which serves as the base asset for the USD (along with gold to some extent until the federal government debased those holdings through profligate spending). In some sense a US treasury is a token, it's as money by banks, which is probably how bitcoin could end up, while also being a much more transparent system that individual can use to some extent though not "for buying a coffee".
Coffee shops don't accept gold bars either, yet gold has certainly been money (not so much these days).
> Coffee shops don't accept gold bars either, yet gold has certainly been money (not so much these days).
This is true but it's largely because of the logistics. It's not that coffee shops don't want gold, it's just that it's too inconvenient to accept it. Bitcoin, on the other hand, is incredibly easy to accept. And unlike gold, Bitcoin can't be counterfeited. I know, in the USA at least, "digital gold" is the current narrative. But "daily currency" is just around the corner.
What I'm saying is that bitcoin mostly serves as a reserve asset and store of value, and as a unit of account it's great. For daily transactions and payments you end up relying on layer2 options (again totally in favor of those but there's a nuance to this since bigoted people jump at that aspect and say it "disproves" bitcoin) which is somewhat different than saying you're using bitcoin, it's a roundabout way of using bitcoin much like no one pays for things with US treasuries, but they do use notes which derive their value from treasuries.
> Now it's just, an asset, that's worth money, for reasons?
Wrong. There are multiple narratives for Bitcoin. I'd argue the most popular narrative in the United States today is that it is digital gold. But if you follow closely, a LOT is happening on the currency front. The digital gold narrative will converge with the daily currency narrative in the next ~2 years, I'd estimate.
Bitcoin's main function is to shut down the central banking scam - to separate money and state. If BlackRock try to fractional reserve their bitcoin holdings, they will be risking a "bank run"-fuelled bankruptcy which are what used to keep the traditional fractional reserve banking scam in check, before the berth of the infinite money printers of the central banks (e.g. formation of the Federal Reserve).
> The Tesla v12 software update is expected to introduce what CEO Elon Musk has been calling “end-to-end neural nets”. The biggest difference with previous FSD updates is that the vehicle’s controls would now be handled by neural nets rather than being coded by programmers
This sounds very scary to me. Neural Networks have great results on many classification tasks, however they "hallucinate" on completely random and/or easy inputs in an unpredictable way. I already delivered hundreds of classifiers to production in my career and I always had to safeguard inputs for cases I knew the answers or it was wrong. Production ML is always hybrid with hand-made rules. I hope this is just a marketing-term and not something forced to please Musk.
Why would this be different with a net that only handles the input? It would be the same. All v12 does is learn control outputs directly from camera data instead of, for example, learning to detect a traffic light and then have some hand rolled logic. If the input is unpredictably new it would have failed in either case.
It’s like an older gpu. It’s able to perform similar to a v100 for some cases we tested out. It was like a 10x the avx512 solution for the same problem on an icelake cpu.
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