Spyke

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good luck. DAY 45 [OC, inspired*]

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I also watch and like that channel, it definitely has a bias and affinity, but IMO it is well researched and does a good job of explaining that perspective and the rationale behind it as opposed to just reciting talking points. I liked the most recent video about the threat of permanent dystopias, even though I don't agree with some of the implicit assumptions it's making about the nature of the problem (Rationalist stuff leans neoliberal). It's fun and probably important to think about the long term future of humanity in an analytical way, sci-fi style.

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ELI5 the U.S. bond buyback announced recently and why did it make the price of Bitcoin skyrocket?

Why are the blockchain bros so excited? What do they think this has to do with cryptocurrencies?

The funny thing is that things happening with cryptocurrencies themselves now have less apparent influence on their price than broader market events. Community sentiment also seems to be less relevant. This is probably because a larger share of the money is being moved around by institutional investors since ETFs are now a thing, and those people seem to be less interested in crypto itself and more interested in whatever their current idea is about its relationship with the rest of the market.

That said, narratives like this about why the price did what it did are themselves speculation, you can't really be sure that's the actual or main reason, it is a guess. What's closer to the real reason is just that a big chunk of money was spent on it by investors, whose reasons are their own and private:

US spot Bitcoin exchange-traded funds (ETFs) recorded $517.2 million in net inflows on Wednesday, their largest single-day investment since May 4, pushing August net inflows to $1.47 billion.

These prices often go up and down by large percentages like this for no apparent reason too, it's not impossible that this is a coincidence.

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How often do y'all use a VPN?

Mostly just for torrents, one machine on my local network is always using a VPN to connect to the external internet. I would use it for more things like private web browsing, but without substantial additional setup I think my web browsing is guaranteed to be fingerprinted regardless of whether I conceal my IP so until I bother to set that up it doesn't seem like there is much point.