The infernal damnation of assiduous comprehension...
π π π π π π π π π π π π π π
Bienvenue 113,000 impassioned readers! Fundamentally, HXLLYWXXDVICES is a free monthly editorial on the marginal expansion of the human species.
We cogitate times near with regard to expectations and probable outcomes.
π π π π π π π
π π π π π π π π π π π π
FROM BLACK
EXT. DOWNTOWN, INDUSTRIAL DISTRICT - SOME INFERNAL HOURΒ
We dawn on the substructure of a subterranean SERVICE-ROAD UNDERPASS RAMP, vacant with the placidity of a city at slumber.
A female silhouette with long-black-widow-legs emerges from the demi-darkness of the city night above. She stands prominently at the precipice of the cement cascade, back-lit by the purple-blue tint of dusk that loiters the night sky.
Two profiles, inhuman in their pattern of movement, freakishly come to heel symmetrically at her sides. The QUADRUPEDAL HELLHOUNDS, anticipating their descent, halt in surveillance of the landscape beneath them.Β Re-assured, the creatures crawl ahead the WOMAN with a foreboding unease, crossing their paths in her stead, playing guard to her long-legged saunter to the infernal damnation from whence she came.Β
SNAP TO MAIN TITLE
THE INFERNAL DAMNATION of ASSIDUOUS COMPREHENSION...
Artificial intelligence and robotics are destined demographics.Β Mooreβs Law endures, weβve purely transitioned from central processing units to graphic processing units.Β We are creating new people.Β Minimum wage labour debates counterintuitively stimulate capital investment in the expedition of this research. Β Alan Kay is a computer scientist who pioneered object-oriented programming, he propounds a change in perspective is worth eighty IQ points.Β I propose, as prophecy is the least profitable occupation, the future demographics of the workforce will be programatic; robotic in their function, encoded to optimize for productivity, creation, and growth.Β Mathematics prevail, industries redesigned, the advancement of the human species.
Present day, free enterprise persists per usual, liquidity is cardinal.Β Since the beginning of July, the treasury general account is down two-hundred billion dollars while bank reserves are up the equivalent amount.Β Nevertheless, beware the counter-cyclical buffer, Jamie Dimon is appeased with taking his ball and going home.Β The Eurodollar system is less visible, but when it leaves its imprint in our dimension, it leaves an indelible mark. The system furnishes dollar deposits outside the US banking system.Β Deposits to a bank are liabilities and so they are incentivized to find dollar assets, they must balance their book, credit creation ensues.Β Limitless leverage, only subject to the scrutiny of their peer group.Β The result is film director Paul Thomas Anderson and the inflation of the 1970s.Β However, what was once exuberance in lending is now fear and recrimination.Β Perhaps inflation wonβt be so persistent this time around, thatβs a separate discourse, not something that particularly peaks my interest, more so another oscillating input.
Why even estimate personal consumption expenditures or Eurodollar capitalization? Flows are global.Β I also just woke up from a reverie featuring a grainy filmed modern take on The Wizard of Oz.Β You ever have that feeling where youβre not sure if youβre awake, still dreaming, or plugged-in to the software running this program?Β Private sector debt in Canada relative to its gross domestic production is the highest it has been since the eighties.Β The median price of ruby slippers is declining alongside new listings while inventory is still increasing.Β Demand destructed; Vancouver real estate is down roughly ten percent from the vertex.Β Conferring with brokers in the region gives me the impression there are no bids.Β Selfishly, my interest is alert.Β The northwest is somewhere I envision basing my operations in the foreseeable future and I remain disposed to favourable risk-adjusted opportunities. βThereβs no place like home, thereβs no place like home, thereβs no place like home.βΒ Timing my disposition β this playground well-leads the business cycle β now is simply not the time.Β Rather, something to monitor more closely, moving it up a few slots on my data terminal as I click my heals three times steady.Β Iβll make note of the coincident indicators when they appear more broadly ahead the market outlook.
Data dependent motivations maintain my cash and cash equivalent balances predominantly backed by Uncle Sam, he still provides the most pristine collateral amidst notable uncertainty; that isnβt to say he hasnβt had his own matters to attend to:
Energy is a master resource, it is the most important raw material input for every model economy. Presently, the dominant nation-state can not afford to pay positive real-rates relative to the price growth of energy necessary to drive new supply.Β It hasnβt been able to do so since roughly the turn of the century, more accurately 2007 when after raising rates to over five percent in 2004 to combat rising oil prices it had to begin cutting rates close to zero in order to shelter a collapsing housing market.
There is, however, a network-state that can afford to pay positive real-rates relative to the price growth of energy.Β Perhaps youβve heard of her, she presides over the ethers of the internet and is in the course of a significant technological metamorphosis:
The phenomenon that is maximum extractable value is analogous to energy created by users of a network.Β How does one go about capturing this energy in the most efficient manner?Β The flow chart looks something like this: searchers discover a value capture opportunity and proposes it to β° builders who aggregate proposals into bundles to produce a block and submit this block to β° validators who validate this block for inclusion.Β The system prevails most efficiently in a public auction, a marketplace where all data in the chain of events to capture this energy is transparent.Β Today, there are three centralizing components to account for:
Blockspace β Flashbots unbundles this one.Β MEV Boost separates proposer from builder, unbiased with regards to MEV, simply allowing validators to outsource block construction to third parties.Β The manner in which these third parties construct blocks is separate from the Flashbots software.Β The software is designed to allow solo validators to participate in MEV and promote client diversity.Β Allowing solo validators to extract value at the same rate as larger pools is perhaps the softwareβs primary design feature, eliminating economies of scale and encouraging individual stakers to participate in the network.
Order flow.
Cross domain execution.
The future that solves for the central command capturing the energy of the network settlement layer for everything is decentralized block production.Β Just when you think something to be irrational, remember you must use reason to rationalize the limits of reason.Β Excuse my unbridled technical enthusiasm and droll proverbs, itβs hard not to be romantic about the future.
Closing the spread sheet down on my liquid retina display; my morning breakfast consists of blueberries - coconut flour - coconut flakes - cacao/açai powder - protein - cinnamon - unsweetened almond milk - and a hemp heart melange that is refrigerated overnight:
As I put silver spoon to crystal bowl of blueberry bliss, I reflect under the valley dawn of planting a grove, constructing something ancestral.Β Designed careful enough, how will future carbon replications from my lineage value my name (read:brand).Β Everyone wants to be the wealthiest person in the graveyard; for me its βshirt sleevesβ all the way down to the interplanetary generations, at which point perhaps then we indulge in designer space suits.
You ask me why I make my home in solitude.Β I smile, and am present, my nature remains at a loss for words.Β For now, I build terrestrial, a throwback to my infinite childhood backyard under the extraterrestrial sparkle ofΒ the celestial summer.
Continuing my train of thought β as I satiate over the last spoonful of morning anti-oxidizing malediction β what are the margins on blueberries?Β I really do love blueberries: they are high in nutrients, the king of antioxidants, reduce inflammation, reduce DNA damage, maintain brain function.Β Higher on the glycemic index, the highest quality date is produced in Morocco, it takes fifty years for those dates to mature before being harvested.Β βWhy might you be telling me where the best dates in the world are harvested,β you ask?Β Well, for one, I transcribe this editorial to you from my current domicile at the Royal Mansour Marrakech.Β More importantly, that farmer who harvests the dates must plant those seeds fifty years prior to realizing a return on his investment.Β His business is elegant, carefully and strategically designed, generational.Β Fifty years from now, robotics will roam his grove, harvesting the ripened dates by a symphony of artificial intelligence and machine learning.
All this marvel of dates and legacyβ¦ The people here in Morocco are lovely.Β Iβve got a sweet tooth for people with a penchant for building ancestral foundations.
With complete sincerity and commitment,
signing out for the month,
The illiterate David Foster Wallace,
HXLLYWXXDVICES.
FIN.
π π π π π π π π
π π π π π π π π π π π π π π
Each edition of HXLLYWXXDVICES is published on the fifteenth day of each month at a programatically random time measured in Ethereumβs accumulated difficulty, a proxy of total mining hashes computed. The total terminal difficulty at which each new edition is published is dependent on network hashrate and thus may vary slightly month to month. The HXLLYWXXDVICES archive is only available from the edition from which point you subscribe, upon which you will receive MONTHLY EDITIONS DELIVERED DIRECTLY TO YOUR INBOX. Make sure to add the publicationβs email to your primary account via your respective email provider.
Surely, subscribing to the publication below will insure timely intellectual provocation, never missing a published edition!
A profound recognition to every one ofΒ the 113, 000 monthly readers who conserve valuable time every month to read HXLLYWXXDVICES and for sharing the publication with those who may enjoy reading along, engaging as we enter a conscious expanse.
Iβd be obliged if youβd pay forward the publication via the link below to help this cybernetic metaverse interweb hive mind continue to actively cultivate thought leaders monthly!
Until next monthβ¦
π πΈ π½ π² π΄ π π΄ π» π π πΎ π π π
π· π π» π» π π π π π³ π πΈ π² π΄ π
πΈ π½ π π π° πΆ π π° πΌ
π π πΈ π π π΄ π