skeptical relatives to me the last 9 thanksgivings: 2016: bitcoin is for criminals.. are you a criminal? 2017: this cannot be real 2018: see we were right 2019: yea we were right 2020: surely we are still right.. right? 2021: why didn't you force us to buy?! 2022: see we WERE right.. are you a criminal? 2023: blackrock? will there REALLY be ETFs? 2024: holy crap you were right 2025: ??? my guess is family will ask me if now is a good time to buy

in october i wrote that today’s AI buildout looks more like a new manhattan project than the broadband-ification of the 1990s and thus dot-com bubble comparisons were inadequate today the white house confirmed AI is about geopolitics and national security

in october i wrote that the AI buildout didn’t look like the dot-com bubble bc the US framed that as education-based and is framing AI in geopolitical and national security terms today’s executive order confirms this is a new manhattan project, not simply the broadband-ification of schools and libraries