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約翰霍普金斯大學的一位經濟學家剛剛表示比特幣具有"零基本價值"
爭論的不是比特幣是否有價值。市場已經回答了這個問題。
爭論的是傳統經濟學是否能夠衡量那些其價值來自於能源支出和網絡效應,而不是現金流的資產。
熱力學 > 理論
$BTC
免責聲明:包含來自第三方的見解。非財務建議。可能包含贊助內容。
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How High Taxes Can Bankrupt a Country: The Secret Behind the Laffer Curve
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The Auditor of God: How a 12-Person Firm Oversees OpenAI's $500 Billion Empire A single fact changes everything about the AI revolution. OpenAI … valued at $500 billion … relies on Fontanello, Duffield & Otake for financial oversight. This is not one of the Big Four accounting firms. It's twelve professionals. Meanwhile, examine the capital flow: Microsoft invests $13 billion → OpenAI spends it on Azure → Microsoft books it as revenue → Microsoft buys Nvidia chips to fuel more growth. This creates a perfect circle where investor capital becomes reported revenue without ever touching genuine customer demand. The scale is staggering: · 45% of Nvidia's $60 billion data center revenue comes from three hyperscalers · 73% of enterprise AI projects never reach production · Measured productivity gains average 4.8% We have built the most important technological infrastructure since the internet on financial architecture that cannot withstand basic scrutiny. The warning is not about AI's potential … it's about the difference between building value and moving money. When capital circulates rather than creates, the system becomes fragile. The smallest disruption … a missed revenue target, a regulatory question, an audit finding … could trigger cascading failure across the entire AI ecosystem. The future belongs to those building real products for real users. Everything else is just money changing hands. $BTC
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NVIDIA POSTED RECORD EARNINGS AND ACCIDENTALLY EXPOSED THE $112 BILLION SCAM HIDING IN PLAIN SIGHT Wall Street celebrated. Retail bought in. Nobody read the fine print. Nvidia crushed Q3: $57B revenue, up 112% in one year. Stock jumped 3%, adding $131B overnight. The SEC filings tell a different story. THE $112 BILLION HEIST Since 2018, Nvidia generated $188 billion cash. Shareholders received $92 billion. $112 billion vanished into employee stock compensation. Nvidia bought back shares at $2,394 average. Then handed 47 million new shares to insiders. Your investment made them rich. You got half. THE MARGIN COLLAPSE Margins dropped from 74.6% to 73.4% in one quarter. First decline since 2022. This happened while CEO claims “insane demand” and $500 billion in orders. When a monopoly loses pricing power during shortage, competition arrived. THE IMPOSSIBLE MATH US adds 45 gigawatts power yearly. AI needs 250-350 gigawatts by 2030. Shortfall: 120-180 gigawatts. This requires 5x the Manhattan Project in five years. Gas turbines sold out through 2030. Nuclear won’t scale until 2035. Nvidia has chip orders. America lacks electricity to run them. Power costs rising 40% yearly. By 2027, electricity exceeds chip costs. The model breaks. THE SMART MONEY LEFT SoftBank sold $5.8B before earnings. Thiel dumped everything … was 40% of his fund. They exited before the $131B pop. They know something. THE MARKET WARNING S&P up 0.53%. Nasdaq up 0.03%. Bitcoin rose to $91,234, decoupling from tech. Correlation dropped 0.64 to 0.41. Rotation began. WHAT THIS MEANS Centralized AI hits the power wall 2027-2028. When power costs exceed chip costs, economics invert. Decentralization inevitable. Open models catch up mid-2026. Distributed computing uses 12x less energy. The $112B transfer, margin collapse, and energy crisis aren’t priced in. $BTC
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World Liberty Fi executed an emergency function burning 166.667M $WLFI ($22.14M) from compromised address, reallocating to a recovery address. Function designed for two scenarios: An investor loses wallet access before vesting OR malicious account acquires WLFI via exploit
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Bitcoin Wasn’t Built for Wall Street. So What Happened?
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美国政府重新运转,经济数据即将发布
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BTC 跌破 92,000 USDT,24 小时涨幅收窄至0.76%
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