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Invariant 2: Don’t Design Without a Strategy

Invariant 2: Don’t Design Without a Strategy

The Discovery phase is the busiest of the five phases. It’s hyper collaborative, and super dangerous, because it’s the easiest phase to get lost for long periods of time. Finding out exactly what to do is hard, and it does involve all of those people listed above and more.

Jan 3, 2024
by Will Cole
Bitcoin's 15 Years In Perspective
Marty's Ƀent

Bitcoin's 15 Years In Perspective

Today is a better day than most to put the current problems people are facing into perspective. To do this, let's take a look at what the monetary and debt landscape looking like around the time bitcoin was launched.

Jan 3, 2024
by Marty Bent
Building a Bitcoin Language Model
AI

Building a Bitcoin Language Model

People talk about “data quality” a lot, which is fundamentally what good training is all about, yes, but rarely does anyone define what quality actually means. If you’re a Bitcoiner, you’re probably familiar with ideas like “subjective value”, and it applies in this case.

Jan 3, 2024
by Aleksandar Svetski
Abundance-Through-Scarcity Paradox
Economics

Abundance-Through-Scarcity Paradox

When you take away the ability to print money, very positive economic forces take hold in the opposite direction. Any amount of money is enough because what’s “enough” is what stores value. Time as an input today better equates to the output of time in the future.

Jan 3, 2024
by Parker Lewis
Are Covenants Necessary for Bitcoin?
Bitcoin Basics

Are Covenants Necessary for Bitcoin?

The conversation about Bitcoin covenants is centered on the need to scale non-custodial usage of Bitcoin beyond the current capacity, which is estimated to support only 100 million users engaging in minimal channel management on the Lightning Network.

Jan 2, 2024
by Staff
Language Model Training Fundamentals
AI

Language Model Training Fundamentals

If you trust the average ‘AI bro’ on Twitter, you’ll believe that you can just upload a few PDF’s, a couple of books, a podcast or company’s financial report, to “train your own AI”. This is completely false.

Jan 2, 2024
by Aleksandar Svetski
Central Bankers Choose Inflation
Economics

Central Bankers Choose Inflation

In a dramatic pivot, central banks worldwide are following the Federal Reserve's lead in shifting from rate hikes to anticipated rate cuts, a move that has taken financial analysts and economists by surprise.

Dec 30, 2023
by Peter St Onge
Busting Myths in AI
AI

Busting Myths in AI

There are myths and misconceptions in every industry. The AI space is near the top, due to its potential, and the poorly understood nature of intelligence. People are either over or underestimating things, and simply misconstruing capabilities, every single day.

Dec 30, 2023
by Aleksandar Svetski
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