This was one of the more interesting conversations I've had on the show this year. Johann Kurtz is the author of Leaving a Legacy. A book about how wealth comes with the responsibility of duty over one's dominion, how wealth should be passed down and why the trend of boomers spending all of their money or giving it to charity is a travesty.

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TFTC: A Bitcoin Podcast • #690: Why Billionaires Shouldn't Give It All Away with Johann Kurtz • Watch on Fountain

Marty sits down with Johann Kurtz to discuss the cultural shift away from intergenerational wealth transfer, the moral framework of duty that once ...

The Trump administration seems to be leaning into industrial policy in the same way that the politicians of James J Hill's time were in an attempt to build out the American rail system. Central planning never works, and I find it hard to believe it will work in this context. View article →

A lot of victim mentality from bitcoiners during this chopsolidation phase. Stop complaining. Attack. Get your bitcoin off the exchange. Teach others how to self custody. Convince your local Square merchant to turn bitcoin payments on. Move your life to a bitcoin standard.

Skating can teach you so many lessons about life. Rodney Mullen is GOAT'd. https://www.youtube.com/embed/DBbmNAZWq-E

If you are using bitcoin privately, the government will assume you are doing something nefarious and label you an enemy to be dealt with. This is wrong and it needs to stop. #freesamourai View article →

Earlier today I re-watched this mini-doc on James J Hill and how he succeeded during the railroad boom despite refusing government subsidies that were plentiful at the time. He focused on efficient capital allocation and investing in civilization. Part of his success was derived from how simply he set the goals for his company. "We must operate: - the fastest locomotives, - to pull the longest trains, - with maximum tonnage, - over the straightest tracks, - using the least change in elevation, - with minimal maintenance costs." Every capital allocation decision he made focused on achieving these goals. It's hard not to think about the AI boom and all of the government investment going into the sector these days after watching this. How many opportunists are circling their wagons to feed from the government trough at the moment? How efficiently is that easy money going to be allocated? Who in AI and the booming energy infrastructure industry budding around it is taking the hard but lucrative path that James J Hill took during the railroad boom?

Started Thanksgiving Day by reading a few chapters of Johann Kurtz’ new book as the kids watched the parade. I can’t help but think of the lack of strong families in the tech billionaire class. It seems like a bunch of individualists with no drive to have family legacies.

It’s that time of year where I meet my brother in the city to honor our father by continuing the tradition of getting close shaves the day before Thanksgiving. Cherish every moment with your loved ones. Honor your mother and father.

By raising margin requirements for MSTR shares being used as collateral, failing to deliver MSTR shares in a timely manner, and de-banking @jackmallers, it is clear that JP Morgan is threatened by bitcoin and the industry growing around it. Good. They should be scared. View article →

The Age of AI Cyberattacks is upon us. We are operating within a window of time where we have visibility into how these attacks are waged. Once open-source models and tools catch up, it will be a black box. Secure your systems now. Complacency kills. View article →

The Age of AI Cyberattacks is upon us. The need for individuals and companies to harden their security set ups is greater than it ever has been. Once open source models, encrypted AI compute and MCP frameworks are mature enough it will be impossible to intervene like Claude did here or even audit the attack in fine detail. Now is not the time to be complacent. Especially if your company secures people’s bitcoin. Don’t trust the trusted third parties, move your bitcoin to cold storage.

It feels like the internet is breaking much more frequently than it used to.

This is what bitcoin represents; an antidote to the poison of broken money that drives the masses toward unproductive madness. And as of today, 95% of the total supply of bitcoin have been distributed to the market. View article →

Are ya having fun yet, son?

The Czech are beating the United States when it comes to bitcoin acceptance. This is unacceptable. The Czech National Bank is adding bitcoin to its balance sheet while the Department of Justice and SDNY are throwing open source developers in prison. View article →

The uniparty is going to die on the altar of GDP.

To say the least, the last five days have been nothing short of a narrative disaster for President Trump and his administration. He and his cabinet are completely disconnected from the zeitgeist. Young men are being completely radicalized as a result. View article →

The goal should be to make housing so affordable that you move to a 20-year mortgage. Having to offer 50-year mortgages is a sign that things have gone terribly awry. "Sign the line here, in half a century you'll own your house outright!" Laughably out of touch.

“Can you just stop printing money?”

If we don't diagnose and treat the core of the problem, people are only going to continue moving closer to the polar ends of the political spectrum. Broken money is at the core of today's issues. Until that is widely acknowledged nothing will get fixed. View article →