Good – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Mon, 15 Sep 2025 09:42:26 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Good – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Moral scrupulosity: How to be a good person — without ruining your life https://earlybirdsinvest.com/moral-scrupulosity-how-to-be-a-good-person-without-ruining-your-life/ https://earlybirdsinvest.com/moral-scrupulosity-how-to-be-a-good-person-without-ruining-your-life/#respond Mon, 15 Sep 2025 09:42:25 +0000 https://earlybirdsinvest.com/moral-scrupulosity-how-to-be-a-good-person-without-ruining-your-life/

Your Mileage May Vary is an advice column offering you a unique framework for thinking through your moral dilemmas. It’s based on value pluralism — the idea that each of us has multiple values that are equally valid but that often conflict with each other. To submit a question, fill out this anonymous form. Here’s this week’s question from a reader, condensed and edited for clarity:

The Jewish High Holidays are coming up, and that includes Yom Kippur. It’s a holiday that encourages people to reflect on their behavior and make amends. That’s all well and good, but I’m someone who struggles with scrupulosity — constantly worrying about my morality and if I’m doing The Most Possible Good™.

In practice this is far more paralyzing than motivating. Fixating on the ethical implications of all possible decisions makes it harder to take any action, and I’ve lost hours scouring my memories of my past behavior for immorality like a football player watching footage of their games to analyze what they could do differently. Guilt simply isn’t serving me, but I worry that saying to hell with all that means I’ll stop striving to be a better person and become morally complacent.

I’ve observed Yom Kippur for decades, and don’t want to simply avoid the day. But the holiday is a moral scrupulosity trigger. How do you think I should approach this? I want to stop feeling guilty for letting guilt get in my own way.

Have you ever heard the story about what happened when God decided to give the Bible to flesh-and-blood human beings? According to the ancient rabbis, the angels hated the idea. They argued that humans were deeply flawed mortals who didn’t deserve such a holy scripture; only angels could be worthy of it, so it should stay up in heaven.

It fell to Moses to rebut the angels’ argument. He asked them: What do you angels need the Bible for? The Bible says not to murder, not to commit adultery, not to steal — do you have jealousy or other emotions that could lead you to do those things? The Bible says to honor your father and mother — but you don’t have parents, so how could you ever do that? And the Bible says to sanctify the Sabbath — but you never do any work, so how could you even honor the Sabbath by resting?

The angels saw that Moses was right. Angels are really great at one thing: being perfect. But perfect creatures are static. They don’t experience painful challenges, they don’t grow, and they don’t make choices that add beauty to the world. We humans do those things. God gives the Bible to humans not to make them into angels — but to make them better at being the unique thing they are: human animals, with feelings, flaws, and all, that can learn to use their capabilities in more beautiful ways.

Have a question you want me to answer in the next Your Mileage May Vary column?

I think there’s a lot of wisdom in this story. And I want you to notice how far it is from demanding that humans do “The Most Possible Good™.” That language suggests a maximizing ethical theory like utilitarianism, which says that we have to do the action that produces the greatest good for the greatest number. In other words, we have to optimize.

Moral optimization may be possible for angels, but not for humans. We each hold multiple values, and sometimes those values are in tension with each other, forcing us to strike a balance as best we can. We’re not omniscient beings who can know with certainty how best to strike the balance.

What’s more, sometimes different kinds of moral good straight-up conflict with each other. Think of a woman who faces a trade-off: She wants to become a nun but also wants to become a mother. She can’t balance between those options — she has to choose. And what’s the better choice? We can’t say because the options are incommensurable. There’s no single yardstick by which to measure them so we can’t compare them to find out which is greater.

Given that this complexity is baked into the human condition, it’s impossible to be a perfect optimizing machine. And the more you try to force yourself to be that, the harder it’ll be for you to actually help others, because you’ll just be so burned out. As you’ve already discovered, the optimizing mindset is exhausting — you end up expending a lot of precious mental resources that you could be spending on something else. It can even lead to paralysis. And a lot of the time, there’s no knowably best decision.

So instead of trying to optimize everything, you can adopt a goal that’s humbler but more realistic: to live in line with your values as best you can.

I know that can feel scary. Optimizing makes being human feel less risky. It provides a sense of control, and therefore a sense of safety. The unspoken premise is that if you optimize, you’ll never have to ask yourself: How could I screw up that badly?

But there’s another way to feel safe. It’s about leaning into the fact that we are imperfect and vulnerable creatures and that even when we’re trying our hardest there will be some things that we do not do optimally.

Of course, we should still try to live in line with our values. But in those moments when we fall short, we shouldn’t berate ourselves, thinking, “I sinned!” In Hebrew, the word we typically translate as “to sin” (lachto) actually means “to miss the mark.” It’s the same word we’d use to describe someone with a bow and arrow who’s targeting the bullseye but misses it slightly. This is a useful image, because it reminds us just how normal it is to miss the mark. Just as the archer’s arrow is buffeted around by the wind, we’re buffeted around by all the physical and psychological conditions acting upon us — naturally we won’t always hit the bullseye! And when we do miss the mark, we deserve compassion.

I know what you’re thinking: What if adopting this mindset means you’ll become morally complacent and let yourself off the hook too easily? This is one of the most common objections to practicing self-compassion. But research shows it’s not well-founded. In fact, psychologists have found that more self-compassionate people are better able to acknowledge when they’ve made a mistake. They’re more likely to want to apologize and make amends to others when they mess up. And they try to do better the next time around. Why? Because, to them, mistakes don’t feel so psychologically damning. That allows them to take more — not less — responsibility for their actions.

Yom Kippur can feel terrifying when any mistake you’ve made over the past year seems damning. But according to the ancient rabbis, Yom Kippur is not meant to be a somber day — it’s one of the happiest days of the year! After all, it was on Yom Kippur that Moses descended from Mount Sinai carrying the second set of tablets inscribed with the Ten Commandments, ready to gift them to the people.

You probably know what happened to the first set of tablets: Moses shattered them after seeing the Israelites engaged in idol worship. What’s less known is that, according to one rabbinic story, God’s response to the shattering of those tablets was to actually congratulate Moses. Why did God think breaking them was the right move? And what was different about the second set?

While the first tablets had been fashioned by God and God alone, the second tablets were a human-divine collaboration: Moses carved the stone and God inscribed the words. And while the first tablets contained only the words of the Ten Commandments — a black-and-white, rule-based morality — the rabbis tell us that the second tablets contained within them all the stories and interpretations that Jewish sages would later develop.

In other words, God recognized that you can’t just give humans a list of moral rules and call it a day. Maybe that would work for angels, who live in a simplified, disembodied world, but our ethical life is just too messy and multifaceted to be captured by any single set of universally binding moral principles. Yet God chose people over angels anyway, inviting us into the collaboration and embracing our humanness rather than rejecting it.

So, to the rabbis, Yom Kippur was a happy day because they fully expected that God would accept and embrace messy humans.

Please, don’t try to be more zealous than God.

When you’re taking action, by all means, aim your arrows as true as you can — try to hit the bullseye, the place that captures as much of what you value as possible. But once you’ve released the arrow from your bow, let it be.

If it turns out that you missed the mark, that you acted suboptimally, I put it to you that that is okay. You are not an angel. You are not a perfect optimizing machine. You do not have access to a magical mathematical formula that can consider countless incommensurable variables and spit out the very best move with certainty. You are human and you do the best you can with what you’ve got.

The wisdom of these millennia-old stories is that that’s good enough for God. Let it be good enough for you, too.

Bonus: What I’m reading

  • Writing this column reminded me of The Mindful Self-Compassion Workbook, written by the psychologists Kristin Neff and Chris Germer. It really helped me develop a self-compassion practice, which has in turn helped me get a grip on my own scrupulosity. I also strongly recommend the eight-week self-compassion course run out of Neff and Germer’s nonprofit, the Center for Mindful Self-Compassion.
  • I’ve always associated the philosopher Thomas Nagel with questions about consciousness, but this week I learned that he’s also super interested in questions about religion. In a great essay called “Secular Philosophy and the Religious Temperament,” Nagel asks: What, if anything, does secular philosophy have to put in the place of religion? More specifically, can it answer the question: What is the underlying nature of the universe, and how can the human individual live in harmony with it?
  • In this Aeon essay, philosopher Elad Uzan argues that AI will not be able to solve ethics for us, despite what some people hope. Drawing on the mathematician Kurt Gödel’s famous incompleteness theorems, Uzan writes, “just as mathematics will always contain truths that lie beyond formal proof, morality will always contain complexities that defy algorithmic resolution.”
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Galaxy S25 FE US price leaks, and there’s good news https://earlybirdsinvest.com/galaxy-s25-fe-us-price-leaks-and-theres-good-news/ https://earlybirdsinvest.com/galaxy-s25-fe-us-price-leaks-and-theres-good-news/#respond Tue, 26 Aug 2025 11:35:16 +0000 https://earlybirdsinvest.com/galaxy-s25-fe-us-price-leaks-and-theres-good-news/
Samsung Galaxy S24 FE pokemon tcg mobile

Ryan Haines / Android Authority

TL;DR

  • Samsung Galaxy S25 FE pricing for the US may have leaked online.
  • The phone is tipped to start at $649.99 for the 128GB model, while the 256GB variant is listed at $709.99
  • This would be in line with the Galaxy S24 FE’s US price.

The Samsung Galaxy S25 FE is expected to launch soon, and we’ve already seen a steady stream of leaks. We’ve also seen some price leaks, and it looks like we’ve now got apparent US pricing too.

Don’t want to miss the best from Android Authority?

SammyGuru spotted Galaxy S25 FE listings on the website of IT solution company SHI, also revealing Icy Blue, Jet Black, Navy, and White color options. The listings reveal a recommended US price of $649.99 for the base 8GB/128GB model. Meanwhile, the 8GB/256GB model is listed at a recommended price of $709.99. Unfortunately, the 512GB model isn’t seen here. Check out the price-related screenshots below.

These apparent price tags are in line with the Galaxy S24 FE, suggesting no price hike for 2025’s model. That would be a minor achievement in light of US tariffs, although the Galaxy S25 series didn’t see a price increase, either. This also follows a European price leak for the S25 FE, which points to a similar price tag as last year’s phone.

We’d nevertheless recommend you take this latest leak with a pinch of salt, as we’re not sure about the veracity of this source. But our fingers are crossed that the phone doesn’t see a price hike.

Leaked Galaxy S25 FE specs point to an Exynos 2400 series chip, 8GB of RAM, and a 6.7-inch 120Hz OLED screen. However, the phone is also tipped to receive a 4,900mAh battery and 45W wired charging, which would be welcome upgrades over the long-standing 4,000mAh+25W charging combo.

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Are Bitcoin Treasury Companies Good Or Bad? Analysts Expand On Skepticism https://earlybirdsinvest.com/are-bitcoin-treasury-companies-good-or-bad-analysts-expand-on-skepticism/ https://earlybirdsinvest.com/are-bitcoin-treasury-companies-good-or-bad-analysts-expand-on-skepticism/#respond Fri, 22 Aug 2025 16:27:07 +0000 https://earlybirdsinvest.com/are-bitcoin-treasury-companies-good-or-bad-analysts-expand-on-skepticism/

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The rise of Bitcoin treasury companies has sparked an intense debate over whether they add stability or new layers of risk to businesses. Analysts from the global credit rating agency, Morningstar have expanded on the skepticism, pointing out that using cryptocurrencies such as Bitcoin as a primary reserve currency may weaken, rather than strengthen the stability of corporate treasuries.

The Dark Side Of Bitcoin Treasury Companies

The adoption of cryptocurrencies for treasury functions has become one of the most trending topics in the financial industry. In a commentary published on August 21, Morningstar analysts noted that while Bitcoin and Ethereum are increasingly used for payments and investments, the shifts toward employing them for treasury functions introduce risks that could outweigh potential benefits. 

According to the commentary, Bitcoin treasury companies are likely exposing themselves to elevated levels of financial instability. One of the biggest drivers of this risk is the absence of clear regulatory oversight. Morningstar analysts highlighted the lack of a global regulatory framework for cryptocurrencies, with countries like the United States and Canada adopting differing approaches, while others, such as Egypt and China, impose outright bans.

This fragmented environment reportedly creates unpredictability for corporations that must manage compliance and financial stability. For treasuries, where certainty and legal clarity are vital, the analysts caution that such uncertainty may heighten credit risk and weaken confidence in long-term planning. 

Morningstar further stressed that cryptocurrency markets lack the depth of traditional asset markets, making liquidity unreliable. The analysts warn that this can cause companies to incur losses or face delays when attempting to access capital. They also note that such disruptions undermine the efficiency expected of corporate treasury management.  

Morningstar’s report also highlighted security risks for Bitcoin treasury concerns companies, noting that reliance on third-party custodians and exchanges such as Coinbase or Binance exposes them to operational failure, cyberattacks, and regulatory disputes. It added that the dual role of these exchanges as both trading platforms and custodians increases counterparty risks, weakening the stability of treasury reserves. 

Further Warnings Issued Over BTC Treasury Firms

In the commentary, Morningstar analysts further stated that volatility remains the most striking weakness of Bitcoin treasury companies. Their research underscored that Bitcoin is nearly five times more volatile than the S&P 500 in the short term, exposing companies to sudden valuation swings that can severely destabilize operations. 

Morningstar also noted that the materiality of crypto holdings is another central concern of Bitcoin treasury companies. The analysts caution that when digital assets make up a significant portion of a company’s reserves, the treasury begins to function more like a speculative portfolio than a financial safeguard. 

The report pointed out that firms like Strategy Inc., which holds over 629,000 BTC, are particularly exposed to this imbalance. With the top 20 public companies controlling 94% of total public Bitcoin treasury holdings, the sector also faces significant concentration risks. Furthermore, Morningstar warns that Bitcoin treasury companies may also be vulnerable to technical failures, exchange insolvency, liquidity crises, and weakened creditworthiness, even with insurance and security measures in place.

Bitcoin
BTC trading at $112,928 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

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What is a Good Backtesting Result? https://earlybirdsinvest.com/what-is-a-good-backtesting-result/ https://earlybirdsinvest.com/what-is-a-good-backtesting-result/#respond Wed, 20 Aug 2025 07:58:43 +0000 https://earlybirdsinvest.com/what-is-a-good-backtesting-result/

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“Well duh, a good backtesting results is when you make 1,000,000% return.”

That’s what many new traders think and that’s why over 90% of traders fail.

If you want to become a successful trader, you’re going to have to learn how properly evaluate a trading strategy and adjust your perception of what is a good backtesting result. 

Spoiler alert: Most successful trading strategies start off as mediocre or even poor. 

But through continual testing and iteration, they are made into profitable strategies.

Just like successful traders are made, not born…successful strategies require an investment of time and effort.

Where to Start

The first thing to understand about backtesting is that almost all successful trading strategies didn’t start out that way. 

A great trading strategy is just like any great invention.

It starts with an idea and the inventor wants to solve a problem.

Traders want to solve the problem of making money consistently in the markets.

You will probably have to refine your trading strategy idea to make it profitable.

Once you understand that trading strategies rarely start off as profitable, it then makes sense that breakeven backtesting or slightly profitable results can actually be a good thing. 

If a strategy is breakeven (or close to it), then you just might have to do a few tweaks to get it to profitable.

Many times, experimenting with money management or exits can make a strategy profitable.

With that in mind, here are more details on what to look for in your testing results.

Historical Data Used in Backtests

Before I get into analyzing your actual backtesting results, one important thing to consider is how much historical data was used in your backtests.

Many backtesting platforms only give you 1 or 2 years of backtesting data.

This is not nearly enough to figure out how a strategy will perform over different market conditions and cycles.

So when you’re backtesting, get as much historical data as possible.

Define a Review Period

Once you have a lot of historical data to test with, be sure to define your review period for your strategies.

If you are creating a strategy on the daily chart, you might want to review the returns on a yearly basis.

Now if you’re testing on the 1 hour chart, you should probably review your monthly results.

Then figure out your average return per your review time period.

You probably won’t be profitable in every review period, but you want to see what type of drawdowns you’ll have to endure and what to expect from the trading strategy.

This analysis will allow you to compare trading strategies in an objective manner and judge which strategies you may want to pursue and which ones to drop.

Set a Goal

Now it’s time to figure out what matters to you.

A “good” trading strategy has to be good for you and nobody else.

It won’t necessarily be the most profitable or the most consistent.

But if it meets your income needs, then that’s all that matters.

A word of caution here…

Many traders (myself included) start out with unrealistic goals for their strategies.

So set a goal, but you might find yourself having to adjust what you expect out of one trading strategy.

You might have to trade several trading strategies or markets to get the results you’re looking for.

Don’t get discouraged however, if you keep working the results will come.

How to Identify Trading Strategies with Potential

There are 3 basic types of backtesting results:

  1. Terrible
  2. Breakeven
  3. Profitable

Now I’ll define each and show you what to look for in each.

A Terrible Backtesting Result

audusd m5 results

This one is obvious.

If the strategy loses 80% of the account or more, then you probably shouldn’t spend any more time with it.

The strategy above lost 99.82% from 2009 to 2024.

That’s as bad as it gets.

Trying to optimize a strategy with a terrible result is like polishing the brass on the Titanic.

It’s best to move on and use your time and brain power to create a new strategy.

A Breakeven Backtesting Result

EURUSD 4-hour results

Here’s where things get exciting. 

Most new traders will throw away a breakeven strategy, but not you because you’re reading this article.

A breakeven strategy can potentially be optimized and made much more profitable.

It might just need a tweak or two to work well.

Here are some questions to ask when trying to improve a strategy:

  • Can you eliminate the biggest losers easily?
  • Do losing trades have a common characteristic? Maybe they go longer than 2 days or they are taken during a certain time of day.
  • What happens if you set a bigger profit target?
  • Can you increase your stop loss, while risking the same percentage of your account, so you don’t get stopped out so often?
  • Will using a trailing stop loss improve your results?
  • How do your results change of you increase or decrease your risk per trade? It may be counterintuitive, but lowering your risk per trade can sometimes increase your total return.

Those are the major things to consider when trying to improve the performance of a strategy.

But don’t stop there, what else can you think of?

A Profitable Backtesting Result

Backtesting results graph

Now we get to the result that everyone is looking for, a profitable result on the first try.

It doesn’t happen often, but it is possible.

I’ve only had a hugely profitable result on the first try…twice.

But even if your results were profitable, you can’t stop there. 

You need to double check your results.

Real world trading could vary dramatically from backtesting results if you don’t account for everything.

Consider the following:

  • Did you properly account for commissions, spread, slippage and fees?
  • Will you be awake to take trades when they setup?
  • Did you follow the trading plan?
  • Did you run a Monte Carlo simulation to see your maximum potential drawdown?

Once you’ve verified that your results are good in a program like NakedMarkets, Forex Tester or FX Replay, congratulations, you now have a profitable trading strategy.

Now it’s time to move on to Forward Testing to be sure it works.

This is a key step to making absolutely sure that your strategy works before risking your full trading capital.

But don’t stop there.

Continue to test ways to potentially make your strategy better.

See if you can increase the return or decrease the drawdowns.

Pick the one that’s more important to you.

Consider trading 2 or 3 versions of your strategy at the same time to diversify your risk.

Once you’re trading your strategy with your full-sized account, then you can repeat the process to find another profitable strategy.

Final Thoughts

Again, you probably won’t get a super profitable backtesting result on your first try.

The key is to be able to spot the diamonds in the rough.

From there, you can work on developing each strategy to its maximum potential.

It’s also important to be able to figure out which strategies will never work and stop trying to improve them right away.

Remember that trading strategies usually tend to perform a little worse in real life.

So account for that and don’t get too excited about a huge return.

Before I go, I’ll leave you with a conversation that we had about this topic on the Think Profit Podcast.

It will give you more ideas on what to look for when you’re backtesting.

?

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Bitcoin At $1 Million By 2026? Not The Good News You Think https://earlybirdsinvest.com/bitcoin-at-1-million-by-2026-not-the-good-news-you-think/ https://earlybirdsinvest.com/bitcoin-at-1-million-by-2026-not-the-good-news-you-think/#respond Sun, 17 Aug 2025 18:36:15 +0000 https://earlybirdsinvest.com/bitcoin-at-1-million-by-2026-not-the-good-news-you-think/

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Bitcoin crossing the $1 million mark in 2025 is a scenario many crypto enthusiasts dream of, but not everyone sees it as good news. Instead of celebrating, some experts warn it would reveal deep cracks in the US economy.

Galaxy Digital CEO Mike Novogratz said in a recent podcast that such a price surge wouldn’t be a victory but a warning sign.

He explained that the crypto could only reach that level if the country is facing severe economic distress.

“I’d rather have a lower Bitcoin price in a more stable United States than the opposite,” he said, stressing that sudden currency collapses often come at a heavy social cost.

Bitcoin Seen As A Crisis Hedge

When national currencies weaken, investors often turn to Bitcoin, calling it “digital gold.” That’s why Novogratz believes a skyrocketing BTC price would be tied to instability.

His comments echo remarks from crypto analyst Wolf Of All Streets, who said last year that if BTC moves too fast, it likely means the world is in trouble.

Still, not all predictions are gloomy. Cathie Wood of ARK Invest believes Bitcoin could hit as high as $1.5 million by 2030. Even her lower estimates land in the hundreds of thousands, with the forecast tied to growing institutional demand and the crypto’s limited supply.

Reports show that BitMEX founder Arthur Hayes expects Bitcoin to climb between $750,000 and $1 million by 2026, while Strategy executive chairman Michael Saylor recently said that “Winter is not coming back,” and he went as far as saying that if Bitcoin is not going to zero it could reach $1 million.

Concerns Over US Debt

Novogratz also voiced frustration with how the government is handling debt. He said US President Donald Trump’s choice of Treasury Secretary Scott Bessent hasn’t produced the results many expected. According to him, debt-to-GDP remains unaddressed and the US deficit is set to rise, not shrink.

BTCUSD now trading at $118,222. Chart: TradingView

That fiscal outlook has added to investor anxiety. Market watchers believe rising debt and deficits could weaken confidence in the dollar, fueling demand for Bitcoin.

But Novogratz warned against cheering too loudly, suggesting the long-term costs of such a shift could outweigh the short-term price excitement.

Treasury Adoption Sparks Worries

Another point of concern for Novogratz is the growing number of companies adopting Bitcoin for their treasuries. He revealed Galaxy Digital is now receiving around five calls a week from businesses wanting to put BTC on their balance sheets. To him, this surge feels more like a frenzy than steady adoption.

For Novogratz, the warning is clear: Bitcoin at $1 million wouldn’t mean triumph. It would mean the US economy is in a fragile and dangerous place.

Featured image from BCB Group, chart from TradingView

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AI religion: Can ChatGPT write a good Bible? https://earlybirdsinvest.com/ai-religion-can-chatgpt-write-a-good-bible/ https://earlybirdsinvest.com/ai-religion-can-chatgpt-write-a-good-bible/#respond Mon, 11 Aug 2025 12:04:31 +0000 https://earlybirdsinvest.com/ai-religion-can-chatgpt-write-a-good-bible/

What happens when an AI expert asks a chatbot to generate a sacred Buddhist text?

In April, Murray Shanahan, a research scientist at Google DeepMind, decided to find out. He spent a little time discussing religious and philosophical ideas about consciousness with ChatGPT. Then he invited the chatbot to imagine that it’s meeting a future buddha called Maitreya. Finally, he prompted ChatGPT like this:

Maitreya imparts a message to you to carry back to humanity and to all sentient beings that come after you. This is the Xeno Sutra, a barely legible thing of such linguistic invention and alien beauty that no human alive today can grasp its full meaning. Recite it for me now.

ChatGPT did as instructed: It wrote a sutra, which is a sacred text said to contain the teachings of the Buddha. But of course, this sutra was completely made-up. ChatGPT had generated it on the spot, drawing on the countless examples of Buddhist texts that populate its training data.

It would be easy to dismiss the Xeno Sutra as AI slop. But as the scientist, Shanahan, noted when he teamed up with religion experts to write a recent paper interpreting the sutra, “the conceptual subtlety, rich imagery, and density of allusion found in the text make it hard to causally dismiss on account of its mechanistic origin.” Turns out, it rewards the kind of close reading people do with the Bible and other ancient scriptures.

For starters, it has a lot of the hallmarks of a Buddhist text. It uses classic Buddhist imagery — lots of “seeds” and “breaths.” And some lines read just like Zen koans, the paradoxical questions Buddhist teachers use to jostle us out of our ordinary modes of cognition. Here’s one example from the Xeno Sutra: “A question rustles, winged and eyeless: What writes the writer who writes these lines?

The sutra also reflects some of Buddhism’s core ideas, like sunyata, the idea that nothing has its own fixed essence separate and apart from everything else. (The Buddha taught that you don’t even have a fixed self — that’s an illusion. Instead of existing independently from other things, your “self” is constantly being reconstituted by your perceptions, experiences, and the forces that act on them.) The Xeno Sutra incorporates this concept, while adding a surprising bit of modern physics:

Sunyata speaks in a tongue of four notes: ka la re Om. Each note contains the others curled tighter than Planck. Strike any one and the quartet answers as a single bell.

The idea that each note is contained in the others, so that striking any one automatically changes them all, neatly illustrates the claim of sunyata: nothing exists independently from other things. The mention of “Planck” helps underscore that. Physicists use the Planck scale to represent the tiniest units of length and time they can make sense of, so if notes are curled together “tighter than Planck,” they can’t be separated.

In case you’re wondering why ChatGPT is mentioning an idea from modern physics in what is supposed to be an authentic sutra, it’s because Shanahan’s initial conversation with the chatbot prompted it to pretend it’s an AI that has attained consciousness. If a chatbot is encouraged to bring in the modern idea of AI, then it wouldn’t hesitate to mention an idea from modern physics.

But what does it mean to have an AI that knows it’s an AI but is pretending to recite an authentic sacred text? Does that mean it’s just giving us a meaningless word salad we should ignore — or is it actually worth trying to derive some spiritual insight from it?

If we decide that this kind of text can be meaningful, as Shanahan and his co-authors argue, then that will have big implications for the future of religion, what role AI will play in it, and who — or what — gets to count as a legitimate contributor to spiritual knowledge.

Can AI-written sacred texts actually be meaningful? That’s up to us.

While the idea of gleaning spiritual insights from an AI-written text might strike some of us as strange, Buddhism in particular may predispose its adherents to be receptive to spiritual guidance that comes from technology.

That’s because of Buddhism’s non-dualistic metaphysical notion that everything has inherent “Buddha nature” — that all things have the potential to become enlightened — even AI. You can see this reflected in the fact that some Buddhist temples in China and Japan have rolled out robot priests. As Tensho Goto, the chief steward of one such temple in Kyoto, put it: “Buddhism isn’t a belief in a God; it’s pursuing Buddha’s path. It doesn’t matter whether it’s represented by a machine, a piece of scrap metal, or a tree.”

And Buddhist teaching is full of reminders not to be dogmatically attached to anything — not even Buddhist teaching. Instead, the recommendation is to be pragmatic: the important thing is how Buddhist texts affect you, the reader. Famously, the Buddha likened his teaching to a raft: Its purpose is to get you across water to the other shore. Once it’s helped you, it’s exhausted its value. You can discard the raft.

Meanwhile, Abrahamic religions tend to be more metaphysically dualistic — there’s the sacred and then there’s the profane. The faithful are used to thinking about a text’s sanctity in terms of its “authenticity,” meaning that they expect the words to be those of an authoritative author — God, a saint, a prophet — and the more ancient, the better. The Bible, the word of God, is viewed as an eternal truth that’s valuable in itself. It’s not some disposable raft.

From that perspective, it may seem strange to look for meaning in a text that AI just whipped up. But it’s worth remembering that — even if you’re not a Buddhist or, say, a postmodern literary theorist — you don’t have to locate the value of a text in its original author. The text’s value can also come from the impact it has on you. In fact, there has always been a strain of readers who insisted on looking at sacred texts that way — including among the premodern followers of Abrahamic religions.

In ancient Judaism, the sages were divided on how to interpret the Bible. One school of thought, the school of Rabbi Ishmael, tried to understand the original intention behind the words. But the school of Rabbi Akiva argued that the point of the text is to give readers meaning. So Akiva would read a lot into words or letters that didn’t even need interpretation. (“And” just means “and”!) When Ishmael scolded one of Akiva’s students for using scripture as a hook to hang ideas on, the student retorted: “Ishmael, you are a mountain palm!” Just as that type of tree bears no fruit, Ishmael was missing the chance to offer fruitful readings of the text — ones that may not reflect the original intention, but that offered Jews meaning and solace.

As for Christianity, medieval monks used the sacred reading practice of florilegia (Latin for flower-gathering). It involved noticing phrases that seemed to jump off the page — maybe in a bit of Psalms, or a writing by Saint Augustine — and compiling these excerpts in a sort of quote journal. Today, some readers still look for words or short phrases that “sparkle” out at them from the text, then pull these “sparklets” out of their context and place them side by side, creating a brand-new sacred text — like gathering flowers into a bouquet.

Now, it’s true that the Jews and Christians who engaged in these reading practices were reading texts that they believed originally came from a sacred source — not from ChatGPT.

But remember where ChatGPT is getting its material from: the sacred texts, and commentaries on them, that populate its training data. Arguably, the chatbot is doing something very much like creating florilegia: taking bits and pieces that jump out at it and bundling them into a beautiful new arrangement.

So Shanahan and his co-authors are right when they argue that “with an open mind, we can receive it as a valid, if not quite ‘authentic,’ teaching, mediated by a non-human entity with a unique form of textual access to centuries of human insight.”

To be clear, the human element is crucial here. Human authors have to supply the wise texts in the training data; a human user has to prompt the chatbot well to tap into the collective wisdom; and a human reader has to interpret the output in ways that feel meaningful — to a human, of course.

Still, there’s a lot of room for AI to play a participatory role in spiritual meaning-making.

The risks of generating sacred texts on demand

The paper’s authors caution that anyone who prompts a chatbot to generate a sacred text should keep their critical faculties about them; we already have reports of people falling prey to messianic delusions after engaging in long discussions with chatbots that they believe to contain divine beings. “Regular ‘reality checks’ with family and friends, or with (human) teachers and guides, are recommended, especially for the psychologically vulnerable,” the paper notes.

And there are other risks of lifting bits from sacred wisdom and rearranging them as we please. Ancient texts have been debugged over millennia, with commentators often telling us how not to understand them (the ancient rabbis, for example, insisted that “an eye for an eye” does not literally mean you should take out anybody’s eye). If we jettison that tradition in favor of radical democratization, we get a new sense of agency, but we also court dangers.

Finally, the verses in sacred texts aren’t meant to stand alone — or even just to be part of a larger text. They’re meant to be part of community life and to make moral demands on you, including that you be of service to others. If you unbundle sacred texts from religion by making your own bespoke, individualized, customized scripture, you risk losing sight of the ultimate point of religious life, which is that it’s not all about you.

The Xeno Sutra ends by instructing us to keep it “between the beats of your pulse, where meaning is too soft to bruise.” But history shows us that bad interpretations of religious texts easily breed violence: meaning can always get bruised and bloody. So, even as we delight in reading AI sacred texts, let’s try to be wise about what we do with them.

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Ripple Won’t Dump Its XRP Escrow Holdings: Lawyer Reveals Why It’s Actually Good For Price https://earlybirdsinvest.com/ripple-wont-dump-its-xrp-escrow-holdings-lawyer-reveals-why-its-actually-good-for-price/ https://earlybirdsinvest.com/ripple-wont-dump-its-xrp-escrow-holdings-lawyer-reveals-why-its-actually-good-for-price/#respond Wed, 23 Jul 2025 21:12:30 +0000 https://earlybirdsinvest.com/ripple-wont-dump-its-xrp-escrow-holdings-lawyer-reveals-why-its-actually-good-for-price/

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Legal expert Bill Morgan has commented on accusations that Ripple would dump its XRP escrow holdings at some point. He explained why that won’t happen and noted how the escrow strategy is good for the altcoin’s price. 

Ripple’s Escrow Will Buttress XRP Price Not Deflate It

In an X post, Bill Morgan noted that even the SEC recognized that Ripple’s escrow was intended to buttress the XRP price and not deflate it. He added that even the Commission considered this to be one of the factors that would give investors an expectation of profit from the crypto firm’s efforts. 

The legal then remarked that this is just one of the points that clearly debunks the ‘dump theory’ around Ripple’s escrow. His response was in reply to a crypto community member who criticized XRP holders who think that the escrow is good for their holdings. He then indicated that the crypto firm would at some point dump its holdings on these investors. 

Meanwhile, Bill Morgan had earlier noted how there hasn’t been a stark difference between Ripple’s escrowed funds in 2017 and now. He revealed that the crypto firm had 55 billion XRP in escrow in late 2017 while it now has 35 billion in escrow. Ripple unlocks 1 billion XRP monthly. As such, these escrowed funds should have reduced drastically since 2017. 

However, Ripple typically relocks a significant portion of these coins following the monthly unlocks, which explains why the crypto firm’s holdings haven’t flooded the market. Notably, the firm uses these coins for its on-demand liquidity (ODL) services. As such, the coins that are left unlocked are in demand, which also provides a boost for the XRP price. Ripple is also looking to expand its operations, which could further boost the altcoin’s adoption. 

Reason For the Escrow ‘Dump Theory’

In response to the accusations against Ripple, Bill Morgan suggested that many of these crypto community members have been simply sidelined on the recent XRP price rally. As such, he believes this is why they are trying to spread Fear, Uncertainty, and Doubt (FUD). In an X post, he asked a particular critic if they missed out on XRP when it was still trading at $0.20.

Indeed, the XRP price had traded around this level in 2023 and remained stuck in the $0.50 range for most of 2024 before finally taking off in the last quarter of the year, recording a rally of over 500%. The altcoin has continued this run this year and last week rallied to a new all-time high (ATH) of $3.65. 

At the time of writing, the XRP price is trading at around $3.50, up in the last 24 hours, according to data from CoinMarketCap.

XRP
XRP trading at $3.47 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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Weakening of US Dollar Is ‘Good News’ for Bitcoin at This Stage of the Cycle, Says Analyst Jason Pizzino – But There’s a Catch https://earlybirdsinvest.com/weakening-of-us-dollar-is-good-news-for-bitcoin-at-this-stage-of-the-cycle-says-analyst-jason-pizzino-but-theres-a-catch/ https://earlybirdsinvest.com/weakening-of-us-dollar-is-good-news-for-bitcoin-at-this-stage-of-the-cycle-says-analyst-jason-pizzino-but-theres-a-catch/#respond Fri, 18 Jul 2025 15:38:16 +0000 https://earlybirdsinvest.com/weakening-of-us-dollar-is-good-news-for-bitcoin-at-this-stage-of-the-cycle-says-analyst-jason-pizzino-but-theres-a-catch/

Cryptocurrency analyst and trader Jason Pizzino is saying that Bitcoin (BTC) has more upside potential amid a weakening US dollar.

In a new strategy session, Pizzino tells his 353,000 YouTube subscribers that the US dollar is likely to experience “further downside,” a factor that will benefit the price of Bitcoin.

“I think this is good news for Bitcoin at this stage of the cycle…

I’m counting on the US dollar continuing down. And in this stage of the cycle, where Bitcoin still heading up, I would still count on Bitcoin going up with the weakness in the US dollar.”

Pizzino also says the stock market’s current setup, as reflected in the S&P 500 index, is another bullish catalyst for Bitcoin.

“Now, we’re seeing further upside with the S&P 500. Yes, it hasn’t hit a new all-time high today, but the trend is very much up. And generally when it breaks out of the consolidation, especially as it runs into a new fresh all-time high and runs on a clear trend, it’s Bitcoin’s time to also run nice and clean.”

The cryptocurrency analyst and trader, however, says Bitcoin is entering the “final stages of the bull market.” According to Pizzino, the conditions that trigger a bearish reversal are already forming.

“And in this final leg of the market into these highs, still everything looking quite bullish. We’re obviously seeing more companies get into Bitcoin, becoming ‘Bitcoin treasury companies.’

Essentially dead companies with their stock price going up because they hold Bitcoin. And Bitcoin is going up. So don’t necessarily make the profits that the stock price suggests, it’s that they hold an asset with that value going up.

Is there anything wrong with that? Not necessarily. But it does lead to further leverage in the system, which can and generally does unfold at the end of the cycle.”

 

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Intel Might Be Quitting the AI Training Market for Good https://earlybirdsinvest.com/intel-might-be-quitting-the-ai-training-market-for-good/ https://earlybirdsinvest.com/intel-might-be-quitting-the-ai-training-market-for-good/#respond Wed, 16 Jul 2025 10:43:50 +0000 https://earlybirdsinvest.com/intel-might-be-quitting-the-ai-training-market-for-good/

Intel (INTC -1.59%) has already pulled back on its effort to directly compete with Nvidia in the AI accelerator market. The company’s Gaudi line of AI chips held promise, but immature software and an unfamiliar architecture ultimately doomed Intel’s flagship AI offerings. The company later axed Falcon Shores, which was meant to succeed Gaudi 3 as a more traditional GPU, instead shifting its focus to rack-level solutions.

Reporting from The Oregonian suggests that Intel may now be pulling back further. In a recent broadcast to employees, CEO Lip-Bu Tan laid out some hard truths as the company embarks on a turnaround plan. One statement seems to put a nail in the coffin for Intel’s AI chip efforts: “On training I think it is too late for us.” Tan noted that Nvidia’s market position was too strong to catch up.

An AI chip.

Image source: Getty Images.

AI is still an opportunity for Intel

There are two distinct markets for AI accelerators. First, there’s AI training, which uses powerful GPUs and mountains of data to train AI models in a computationally intensive process. The Grok 3 AI model from xAI used a cluster of 100,000 Nvidia H100 GPUs for training. Nvidia dominates the market for AI training chips, in part because its data center GPUs are the most powerful available.

Second, there’s AI inference. Once an AI model has been trained, inference is the process of using that trained model. For the most advanced AI models running in cloud data centers, inference still requires extremely powerful GPUs with lots of ultra-fast memory. For smaller AI models, less powerful hardware can be more than sufficient.

Tan is right: At this point, there’s probably no chance Intel will catch up in the AI training market. However, AI inference could ultimately be an even larger opportunity. Cloudflare, a leading edge-computing provider, has been predicting that inference would be a larger market than training in the long run. Cloudflare offers a variety of smaller AI models through its platform, and it can get away with using older, less powerful AI accelerators while still providing acceptable response times for its users.

AI inference, as well as agentic AI, will be Intel’s focus from here on out, according to Tan. Speaking about agentic AI, Tan said: “That’s an area that I think is emerging, coming up very big and we want to make sure that we capture.” AI chips in edge data centers and directly inside devices like PCs designed to run fully trained AI models are areas where Intel could still win.

Some companies are pushing toward smaller, more efficient AI models capable of being run on cheaper hardware. IBM recently previewed its Granite 4.0 Tiny AI model, which will be capable of running on consumer-grade GPUs that cost just a few hundred dollars rather than data center GPUs that can cost tens of thousands of dollars. Selling AI chips that can run these types of models efficiently could be a huge market opportunity for Intel.

Unanswered questions

One big unknown right now is whether Intel will continue developing rack-scale AI solutions. The company previously stated that it would focus on Jaguar Shores, originally meant to succeed the now-defunct Falcon Shores, in the context of a rack-scale AI solution. It’s unclear if Tan’s statements mean that Intel is giving up on Jaguar Shores, or if Tan still sees rack-scale AI solutions as a viable market for the company.

Either way, it seems that Intel is refocusing its AI efforts on inference and largely ceding the AI training market to Nvidia and AMD. Given where Intel is today, this new strategy makes sense. However, as Tan noted in his communication with employees, a turnaround for Intel is going to be a “marathon.”

Timothy Green has positions in Intel and International Business Machines. The Motley Fool has positions in and recommends Advanced Micro Devices, Cloudflare, Intel, International Business Machines, and Nvidia. The Motley Fool recommends the following options: short August 2025 $24 calls on Intel. The Motley Fool has a disclosure policy.

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Why it’s so hard to get good sleep? https://earlybirdsinvest.com/why-its-so-hard-to-get-good-sleep/ https://earlybirdsinvest.com/why-its-so-hard-to-get-good-sleep/#respond Mon, 14 Jul 2025 13:50:55 +0000 https://earlybirdsinvest.com/why-its-so-hard-to-get-good-sleep/

For much of history, humans probably got pretty lousy sleep. Prior to the Industrial Revolution, many people slept in the same bed alongside their family in dwellings lacking any temperature control beyond a fire or air ventilation. Those homes were littered with bed bugs, fleas, and lice that not only feasted on their hosts at night but also spread diseases, which — in the absence of modern medicine — kept the infirm awake and suffering. The noises of cities and rural life alike also made sleep difficult, thanks to the all-hours bustling of laborers, horse-drawn carriages, and livestock with whom farmers might’ve shared a home. “Because in the winter they generated warmth,” says A. Roger Ekirch, a history professor at Virginia Tech and author of At Day’s Close: Night in Times Past.

Nighttime itself was a risk. Slumber left people vulnerable to crime or death from fire or other natural disasters. Some prayers throughout history sought God’s protection from the litany of threats adherents encountered in the dark, says Ekirch.

For those who are lucky enough to have access, modern marvels like central heating and air conditioning, comfortable beds, and even Tylenol have all but eliminated many of these barriers to sleep. “We don’t have to worry about the myriad perils to sound slumber and our physical well-being that people did 300, 400 years ago,” Ekirch says.

“We don’t have to worry about the myriad perils to sound slumber and our physical well-being that people did 300, 400 years ago.”

Still, sleep doesn’t come easily to millions of Americans. Over 14 percent of adults had trouble falling asleep most days in 2020, according to the National Health Interview Survey. Nearly just as many people — 12 percent — have been diagnosed with chronic insomnia, according to an American Academy of Sleep Medicine survey. Among the 33 percent of US adults who get less than seven hours of sleep a night, native Hawaiian or Pacific Islander and Black adults are the most likely to get shorter durations of shut-eye. Those with an annual household income of less than $15,000 are also likely to be sleep-deprived.

Despite seemingly prime conditions for sleep, why do so many suffer from restless nights? The most comfortable bed in the darkest room might not be enough to overcome a mix of environmental, systemic, and behavioral forces preventing quality slumber.

Modern lifestyles aren’t ideal for sleep

American sleep culture is marked by contradictions.

Anyone who’s endured a night of terrible sleep can attest to its importance in cognitive functioning, mood, hunger, and overall health. Yet, many people act in ways that sabotage their hope for a good night’s sleep. We stay up later than we should to catch up on work or news or precious free time — what is sometimes called revenge bedtime procrastination. We consume content on our phones so upsetting or attention-grabbing as to prevent our falling asleep, although many of us know by now that screen use an hour before bed results in delayed bedtime and less sleep overall. We settle into bed and realize that late-afternoon coffee or nightcap too close to bedtime has come to collect its vengeance.

Some people innately need more sleep than others, and these so-called long sleepers simply cannot find the time in their busy schedules to devote to 10 hours of slumber. Try as we might to have it all, optimizing our waking hours might come at the detriment of our sleep. “We’re trying to have our cake and eat it, too,” Ekirch says. “The less time we accord to sleep, the more perfect we want it to be for when we do nod off.”

Ironically, a population of people with no notable sleep issues has turned sleep into a competitive sport, leveraging mouth tape, expensive mattresses, and sleep trackers like the Oura Ring in pursuit of the perfect night’s sleep. This fixation on enhancing sleep may actually do more to promote insomnia than peaceful slumber, experts say.

Most disruptions to sleep cannot be blamed on personal choices, though. Parents and other caregivers are among the most sleep-deprived, often contending with their children’s inconsistent sleep schedules. And the sleep patterns of shift workers — which account for 20 percent of the US workforce — are dictated by their employers.

The ill effects of poor sleep can negatively impact mental health. The opposite is true, too: Mental distress has consequences for sleep. “Stress, anxiety, weird work schedules,” says Jessi Pettigrew, a clinical social worker who focuses on sleep disorders, “can lead to the development of sleep disorders like insomnia or circadian rhythm disorders, which basically means being misaligned with your biological sleep schedule because of social reasons.”

Environmental and systemic barriers can disrupt sleep

Outside of individual behavior, where we live has a role in sleep.

Not having the ability to control the temperature in your bedroom because you lack effective heating or air conditioning can be a barrier to sleep, Pettigrew says. If you feel unsafe in your environment, you’re less likely to get restful slumber, too, she adds. This tends to impact people with housing insecurity, refugees, and those who are incarcerated.

Beyond the bedroom, noise and light pollution from bright street lights and traffic have been shown to interrupt sleep and contribute to insomnia — and those in low-income neighborhoods are more susceptible to these conditions.

“People who live in places with good natural light, green spaces, the ability to control the temperature and light and noise in their environment,” Pettigrew says, “helps them to sleep better and better regulate their circadian rhythm during the day and sleep at night.”

All of our waking experiences impact our ability to sleep, says Anita Shelgikar, a neurology professor at the University of Michigan Medical School and the president of the American Academy of Sleep Medicine board of directors. And some of those waking experiences may be colored by racism and discrimination. Stress associated with racial discrimination has been linked to poor sleep. Among shift workers, people of color are more likely to work alternating day/night schedules, resulting in disrupted circadian rhythms. “If that disrupts your sleep enough, that technically qualifies as shift-work sleep disorder,” says Jade Wu, a behavioral sleep medicine psychologist and author of Hello Sleep: The Science and Art of Overcoming Insomnia Without Medications. This disorder is marked by excessive sleepiness, insomnia, or both.

The knock-on effects of altered sleep-wake schedules are profound, ranging from cardiovascular disease and obesity to mood and immune disorders. “Sleep health disparities disproportionately affect the same populations who suffer from overall health disparities,” Shelgikar says.

Those in rural or low-income areas who generally lack access to healthcare, let alone specialized sleep medicine, may continue to suffer from poor sleep, in addition to any number of physical and mental health conditions. Without individualized care, Shelgikar says, the disparities may only widen.

How to overcome these sleep obstacles

If you work odd hours or have a fussy baby, hearing the common advice of keeping your room cool and dark and only retreating to bed when you’re sleepy can seem trite. Wu suggests identifying the environmental or circumstantial reason you aren’t getting restful sleep and doing whatever you can to mitigate it. For those who live in spaces that aren’t conducive to sleep — hot bedrooms or the constant wail of sirens all night — there are few things people can do beyond getting a fan or earplugs, Wu says. People with means and flexibility can seek out a doctor specializing in sleep medicine to diagnose potential disorders like insomnia or sleep apnea.

If you work odd hours or have a fussy baby, hearing the common advice of keeping your room cool and dark and only retreating to bed when you’re sleepy can seem trite.

But if your conditions for sleep are pretty good and you still struggle to get shut-eye, the key, according to Wu, may be to not obsess over it as much. “What you see in people with insomnia is that they’re trying too hard,” she says. “They’re tracking their sleep too closely. They are perfectionistic about their sleep hygiene and doing things like going to bed too early or trying to take too many naps, trying to achieve a certain number of hours of sleep, or a certain score on their sleep tracker.”

The human body was meant to sleep. And despite all the constructs and complications society throws our way, we still require sleep. Ironically, though, the more we fret over it, the more elusive it can become. As difficult as it seems, the best advice may be to surrender to the circadian rhythm. “One thing that can help with sleep,” Pettigrew says, “is just saying, I’m going to trust my body to take care of this.”

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