It is so hot this week that I cannot open my windows at all or my A/C unit starts losing ground to nature and takes forever to get back to even. Now I have a runny nose when inside and CO2 levels are off the chart. I gotta be operating at at least half of my 90 IQ. Not sure how I ever lived my life not knowing any of this stuff before.

How are we all enjoying the Atlas Shrugging of the country? Utterly ridiculous we have to spin this wheel of death for the 500th time. View quoted note →

Core and Knots can both be retarded.

Few things are more exhausting than moving money around the banking system. I am always amazed we still have to operate like this.

How to completely torpedo something great because of pure, unadulterated greed. Counterparty risk extends far beyond just holding the claim on on asset. MSTR will almost assuredly “survive” when the Bitcoin price goes back up, but they completely rugged their investors, straight up lied to them many times over, and the promises of what could have been will never materialize with this structure embedded in the company. There is no way to fully optimize each stakeholder’s position. The most screwed are the common stockholders as they suffer the pain of dilution and decreasing share price when BTC is sold to fund things. It’s actually quite sad to witness. View quoted note →

A game that has no definitive end is not a sport and completely ridiculous. Why the ref’s time cannot be shown to everyone watching is just a joke.

I think Bitcoiners (myself included) have underestimated the likelihood that they actually let the system absorb some losses and clear out some misallocated capital. The Great Depression was engineered, 100 years later we might be facing the same thing again. I only assign like a 20% probability to that, but if I am being honest, I had it at zero 9-12 months ago.

LFG @Eugene Jarecki @ODELL @jack

The reason we had such a muted bull run, and that “retail never showed up” was that retail dumped their money into these paper #bitcoin alchemy machines and were exit liquidity for “founders”, influencers, and a general lot of hucksters. Absolutely everyone that bought shares could have just bought the Bitcoin for themselves and tucked it away in cold storage. None of these companies are needed so far as the, “give me your money, I buy Bitcoin thesis” is their purported purposes. It’s a canard that any of these companies need to exist. The companies, in fact, had overhead and generous packages to pay out that the investors could have just plowed straight into Bitcoin instead of having a portion of their money siphoned off for operations, then the remainder goes to buy Bitcoin. The grift never ends, just the faces change. Great piece @Fartface2000 View quoted note →