BTC miner for 14 years, coder, skiier, UL pilot. Building new BTC ventures now. previously cofounder/CEO of SBI Crypto
North Carolina and Dubai
Joined September 2018
- Tweets1.6K
- Following2.1K
- Followers1.6K
- Likes8.6K
AI compute is not fungible. Especially for larger clusters, where specs on servers, NICs, storage, network fabric design tradeoffs really factor in.
There are still ways to develop markets and derivatives around it.
Carson Smith retweeted
Energy capacity = economic capacity, in one chart
There are no low electricity, rich countries
"Energy Capacity = Economic Capacity"
Former Intel CEO Pat Gelsinger on why America's power grid is the ceiling on growth:
"We went through 10 to 15 years where essentially I was taking coal offline at the rate I was adding renewables, and essentially the nation was flatlined in terms of overall energy capacity."
"So essentially our economic capacity as a nation, flat for fifteen years."
"Even with that, we've gone to maybe increasing our national energy capacity 4% per year. Going from essentially zero to one."
"Nuclear as base load is a fabulous thing that we want to go build more of. Unfortunately all of our renewables have deep dependencies in China."
"Energy capacity somewhat dampens how euphoric we can get on AI. Why build a new data center and buy the million GPUs if I can't power them?"
@PGelsinger @RaghuRaghuram @appenz
Warsh has balls.
12-0 unanimous decision by fed to hike rates, despite President Trump's push to cut.
Haha....And just as rate hikes were getting priced in to futures.
My own opinion is no hikes until at least after midterms.
Butterfly Labs.... I will never forget you.
Thousands of bitcoins paid for your hundreds of undelivered miners would have funded my retirement. 😭
All I ever got was a few Jalapenos.
bitcoinmagazine.com/business…
@BitcoinMagazine
Carson Smith retweeted
JUST IN: The first post-quantum resistant Bitcoin transaction was mined today.
"It required no soft forks. It required no hard forks. It required no core protocol upgrades. And it's live today."
Carson Smith retweeted
You are not watching the bond market closely enough.
President Trump is now threatening that the US Military could be utilized for further intervention to lower US Treasury yields.
"The ultimate intervention is our military, and if we have to use that we will."
Watch bonds.
Michael Burry ❌
Michael Buried ✅
Breaking: Michael Burry's updated positions, per his Substack
Top 10 Positions:
Top tier (~8% each):
• Adobe $ADBE [Long]
• MercadoLibre $MELI [Long]
• Zoetis $ZTS [Long]
• JD $JD [Long]
Second tier (~7% each):
• Lululemon $LULU [Long]
• PayPal $PYPL [Long]
• Veeva $VEEV [Long]
• Flutter $FLUT [Long]
• Molina Healthcare $MOH [Long]
• HCA Healthcare $HCA [Long]
Third tier (~5% each):
• Fannie Mae $FNMA [Long]
• Freddie Mac $FMCC [Long]
• Sprouts $SFM [Long]
Shorts, largest to smallest:
• iShares Semiconductor ETF $SOXX
• Micron $MU
• Nebius $NBIS
• Nvidia $NVDA
• Oracle $ORCL
• Palantir $PLTR
• Caterpillar $CAT
• Invesco QQQ Trust $QQQ [Put, ~6% of portfolio]
Full exits:
• Tesla $TSLA [Short] - Covered for a gain
• Applied Materials $AMAT [Short] - Covered for a gain
• SOXX put options - Sold entirely, replaced with the bigger QQQ put position
Summary: He's betting less on chips falling and more on the whole Nasdaq falling. Trimmed Caterpillar, added to Micron, raised cash to 12%
Carson Smith retweeted
We successfully submitted the ICANN .bitcoin TLD application for Community Priority Evaluation with over 50+ letters of endorsement from within the community, together with several high-level letters of recognition. ICANN will reveal our full application sometime in November 2026
