{"id":63441,"date":"2026-02-14T10:28:47","date_gmt":"2026-02-13T23:28:47","guid":{"rendered":"https:\/\/www.tomgrimshaw.com\/tomsblog\/?p=63441"},"modified":"2026-02-14T10:29:21","modified_gmt":"2026-02-13T23:29:21","slug":"modern-money-only-works-by-cheating-if-youre-long-bitcoin-or-not-long-bitcoin-read-this","status":"publish","type":"post","link":"https:\/\/www.tomgrimshaw.com\/tomsblog\/?p=63441","title":{"rendered":"&#8220;Modern Money Only Works By Cheating&#8221;: If You&#8217;re Long Bitcoin (Or Not Long Bitcoin), Read This&#8230;"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-63443\" src=\"https:\/\/www.tomgrimshaw.com\/tomsblog\/wp-content\/uploads\/2026\/02\/Bitcoin_and_the_Problem_of_Hardness.jpg\" alt=\"Bitcoin and the Problem of Hardness\" width=\"832\" height=\"1248\" srcset=\"https:\/\/www.tomgrimshaw.com\/tomsblog\/wp-content\/uploads\/2026\/02\/Bitcoin_and_the_Problem_of_Hardness.jpg 832w, https:\/\/www.tomgrimshaw.com\/tomsblog\/wp-content\/uploads\/2026\/02\/Bitcoin_and_the_Problem_of_Hardness-200x300.jpg 200w, https:\/\/www.tomgrimshaw.com\/tomsblog\/wp-content\/uploads\/2026\/02\/Bitcoin_and_the_Problem_of_Hardness-683x1024.jpg 683w, https:\/\/www.tomgrimshaw.com\/tomsblog\/wp-content\/uploads\/2026\/02\/Bitcoin_and_the_Problem_of_Hardness-768x1152.jpg 768w\" sizes=\"auto, (max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><\/p>\n<p>Bitcoin and the Problem of Hardness<\/p>\n<p>Finish reading: https:\/\/www.zerohedge.com\/crypto\/modern-money-only-works-cheating-if-youre-long-bitcoin-or-not-long-bitcoin-read<\/p>\n<p>Facebook\/Blog\/Twitter<br \/>\nMicrosoft AI CEO Warns Most White Collar Jobs Fully Automated &#8220;Within Next 12-18 Months&#8221;<\/p>\n<p>The man leading Microsoft\u2019s AI sprawling efforts is sounding the alarm over imminent mass labor disruptions, warning that\u00a0the overwhelming majority of white-collar professional work could vanish to automation\u00a0far sooner than most business and policy leaders are willing to admit &#8211; something\u00a0we&#8217;ve been concerned about\u00a0since early 2023.<\/p>\n<p>In an interview with the Financial Times, Microsoft AI CEO Mustafa Suleyman forecasted that within the next two years a vast swath of desk-bound tasks will be swallowed by AI.<\/p>\n<p>\u201cI think we\u2019re going to have a human-level performance on most, if not all, professional tasks &#8211; so white collar where you\u2019re sitting down at a computer, either being a lawyer, accountant, or project manager, or marketing person &#8211;\u00a0most of the tasks will be fully automated by an AI within the next 12 to 18 months,\u201d Suleyman said when asked about the time table for Artificial general intelligence, commonly known as AGI.<\/p>\n<p>Finish reading:\u00a0<a href=\"https:\/\/www.zerohedge.com\/ai\/microsoft-ai-ceo-warns-most-white-collar-jobs-will-be-fully-automated-within-next-12-18-months\">https:\/\/www.zerohedge.com\/ai\/microsoft-ai-ceo-warns-most-white-collar-jobs-will-be-fully-automated-within-next-12-18-months<\/a><\/p>\n<p>(Tom: And this cam to me this week.)<\/p>\n<p>I strongly suggest that you read it and forward it to those you feel should have the data.<\/p>\n<p><a href=\"https:\/\/shumer.dev\/something-big-is-happening\">https:\/\/shumer.dev\/something-big-is-happening<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin and the Problem of Hardness Finish reading: https:\/\/www.zerohedge.com\/crypto\/modern-money-only-works-cheating-if-youre-long-bitcoin-or-not-long-bitcoin-read Facebook\/Blog\/Twitter Microsoft AI CEO Warns Most White Collar Jobs Fully Automated &#8220;Within Next 12-18 Months&#8221; The man leading Microsoft\u2019s AI sprawling efforts is sounding the alarm over imminent mass labor disruptions, warning that\u00a0the overwhelming majority of white-collar professional work could vanish to automation\u00a0far sooner than most &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.tomgrimshaw.com\/tomsblog\/?p=63441\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;&#8220;Modern Money Only Works By Cheating&#8221;: If You&#8217;re Long Bitcoin (Or Not Long Bitcoin), Read This&#8230;&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-63441","post","type-post","status-publish","format-standard","hentry","category-general-interest"],"_links":{"self":[{"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/posts\/63441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63441"}],"version-history":[{"count":2,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/posts\/63441\/revisions"}],"predecessor-version":[{"id":63444,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/posts\/63441\/revisions\/63444"}],"wp:attachment":[{"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}