71% of the mining rigs are in China, but they are not owned by the Chinese govenment. Nor is it clear that the Chinese government is anti-Bitcoin. They may prefer it to the dollar. I’m hoping that the miner pool balances out geographically before China changes its mind.

Alex Gladstein’s article is pretty ambitious and so necessarily somewhat superficial. I found I agreed with most of what Alex said, but in some areas he was less convincing.

I had previously read Joe Kelly’s article, and found it very compelling. They differ on how difficult it would be to attack the miners. Alex envisions a scenario…

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Here is an expanded version of Raoul Pal on the monetary reset: https://www.realvision.com/shows/expert-view-crypto/videos/the-bitcoin-life-raft-and-the-new-bretton-woods?source_collection=4770472392d44f7eb44d63142109394f

Ask and ye shall receive …

After watching Saif’s SALT talk I watched the one with Raoul Pal (10 Nov 2020 http://www.youtube.com/watch?v=IVu8cAiJ6fY). He says that at the IMF meeting at the end of October there was considerable discussion of a “new Bretton Woods”. The issue for the central banks is that they need to fiscally stimulate (print more…

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Recently I have heard two people suggest that a global monetary reset, ala Bretton Woods, may be coming soon. Specifically, Russell Lamberti today in the seminar and Simon Dixon of BankToTheFuture. I am curious as to what that might look like. Unlike with Bretton Woods, there is no one country currently strong enough to dictate the…

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The term hob is new to me. It is the same as a stove or a cook top, right?

Wow, that is a great set of questions. Please post his response if you receive one.

I really liked your question during the seminar/podcast. You asked about his reaction to the fact that temperature data in recent years seems to be supporting the Hanson model. His response was long winded, much of which did not directly relate to your question,…

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Every time I dig in to the arguments made by Alex Epstein in his Moral Case for Fossil Fuels I find there is less to his arguments than he claims. For example, on the topic of climate change, he says that the warming due to CO₂ is an “extremely diminishing effect” and shows the first figure below. To justify this he cites Myhre, but if you read…

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Ah yes, the tragedy of the commons. That seems like a tough nut to crack. One argument for the state is that it can regulate the use of the commons. Does not seem to work all that well in practice. I have read both Rothbard and Hoppe and have not found the problem addressed to my satisfaction. Generally they say that someone should own…

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I’d like to start a discussion on energy topics because I cannot understand what appears to be the strong support of fossil fuels and antipathy towards renewable forms of energy. To start with I will focus on Alex Epstein’s book “The Moral Case for Fossil Fuels”.

Epstein’s book starts off on a strong footing with the observation that humanity…

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