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Update on the the same ribeye in the same store I've been tracking for 5 years now. Annualized inflation over the past year = 10.6% ($32.49/lb vs. $28.99 last April, 14 mths). Average of ~12% annual inflation (or 62% cumulative inflation since 2020, $32.49/lb vs. $19.99/lb).

Broken Money is now available in Dutch:

Gold overtook the euro as the #2 reserve asset last year. Top three by market share: Dollar: 46% Gold: 20% Euro: 16%

Tis the season where everyone pivots to being experts on the Strait of Hormuz.

The BitVM Alliance is pivoting to garbled circuits, as they make SNARK verification over 1000x more efficient. The design space is wide open. Here’s one approach: bitvm.org/bitvm3.pdf Special thanks to my, Liam Eagen, and Ekrem BAL for their contributions.

Coinbase sent me one of the early commemorative editions of their upcoming Bitcoin rewards card. That letter that came with it, though. Well played, Coinbase. Well played.

It's been a year since the release of Resistance Money, the first comprehensive peer-reviewed academic book on bitcoin. We've sold about 5,000 copies so far. Thank you! And three sequels are under way — one, a debate volume — is already under contract with a publisher.

Plot twist 👇 Gotta believe it's only on the margin (for now)... but over time, prices are set on the margin. Via Peter Boockvar

This is one of the worst bot waves I can remember on this app

"Yesterday I was clever, so I wanted to change the world. Today I am wise, so I am changing myself." - Rumi

Average US family health insurance premium... 2000: $6k 2003: $9k 2006: $11k 2009: $13k 2012: $16k 2015: $18k 2018: $20k 2021: $22k 2024: $26k That's a 342% increase since 1999 (6.1% per year). (Note: US CPI inflation has increased 2.5%/year)