Don't spend your life optimizing for the wrong thing.

Don't feel bad for the suckers who bought treasury stocks at crazy mNAVs. They could have just bought Bitcoin and done much better. I used to say this about altcoins in previous cycles. I guess this is progress?

Treasury companies are Bitcoin substitutes, just with centralization, rent-seeking and leverage.

I honestly wouldn't mind some sort of pay-for-discovery thing here where the money ultimately goes to the users. Social media does not have to be free as in beer for everything.

There are so many things wrong with this picture, like the fact that this man is using Cardano foundation funds to take trips to LARP as some Amazonian tribal teen trying to get through a rite-of-passage. But the most offensive is that the man is just 38 years old and looks like this.

Ever since I stopped paying for X my engagements are down 90%. X is holding my audience hostage to extort me if I want to reach them. Such is the inevitable result of closed platforms.