Alex Karp says people should just look at Palantir’s products instead of trusting random people’s opinions:
“Please verify. Do not trust me.”
“The one thing I would say—do not trust anyone who’s never built anything.”
“You have all these fucking opinions about how the world works…”
Via @theallinpod@DavidSacks@Jason@chamath@friedberg
This is funny.
What if you invested in the S&P 500 every time CNBC had a "Markets in Turmoil" special?
Well... your average return after one year would be 40%, with a 100% success rate.
Banks don't like what MSTR is doing with $STRC
They want to liquidate MSTR's Bitcoin and take it for themselves
They want to issue their own credit products backed by Bitcoin
This is going to be like GME but the shortsqueeze will be DISASTROUS for anyone shorting MSTR or BTC
Nothing was supposed to be able to compete with the banking system
The Fed made sure of that by confiscating gold
But they can't stop Bitcoin backed credit
They can't stop bitcoin
Strategy can't be liquidated
Strategy has enough cash to cover over 2 years of dividend payments, and it can generate more at any time
While the banks mess around with fiat games, Strategy is innovating and buying thousands of coins a day
STRC is the perfect fit for short term credit
It wouldn't exist without Bitcoin
And banks can't do anything to kill it
There's too much demand for a product like this
JP Morgan Chase has the perfect business model - make $100B manipulating silver and precious metals and then only pay a $1B fine.
Banks like @jpmorgan are a cancer on our society. But government officials let them get away with time and time again.
They financed Jeffrey Epstein and the largest child sex-trafficking operation in history - then settle with the victims for $290M and the U.S. Virgin Islands for $75M - while career politicians like @ewarren@EdMarkey@SenSchumer and @SenMcConnell DO NOTHING.
Warren claims to be a fighter for women and a fighter against the banks - but she’s a fraud like all the other career politicians who say nothing so they can collect donations to stay in power. I confronted Warren about it a year before Epstein became the latest “talking point” - watch the guilt display on Warren’s face.
I have sad news regarding my company utilizing Caffeine for its software. I have no choice but to go a different route. After a failed update. I have lost all the data in my app. I know it’s somewhere in there because on claims no data loss. But for me. If I cant access it, it is pretty much data loss. I have taken numerous suggestions. And with each additional prompt attempting to resolve failing, I get more and more frustrated. At the current moment. I am completely locked out of the app due to permission issues. I appreciate the ICP community and still have a sprinkle of belief in the tech. Maybe I’ll try building again after the upcoming upgrades. I’ve been saying that I refuse to sell bottoms, the bottoms of bottoms of bottoms is what a death spiral is. I am having a kid soon and would hate to see this investment go to zero. I have come to terms with the fact that dfinity just doesn’t give a fuck about investors, at least retail investors. Most dfinity members got a fat stack and sell to make a living so that sucks . I still believe @dominic_w . But the faith now has doubts
.@elonmusk, what if we took @SpaceX public by merging it with Pershing Square SPARC Holdings, Ltd. (SPARC) a new form of acquisition company that was approved by the @SECGov.
We could distribute SPARC special purpose acquisition rights (SPARs) to @Tesla shareholders so that all Tesla shareholders would have the right to invest in the SpaceX IPO, or they could choose to sell their SPARs to someone else.
This would reward loyal Tesla shareholders with the opportunity to invest in SpaceX (or with cash for their SPARs), while totally democratizing the IPO process.
In addition to receiving common stock in SpaceX, exercising SPAR holders would also receive Pershing Square SPARC Holdings II SPARs, which we could use to take @xai public at the time of your choosing.
Pershing Square would due diligence on behalf of all shareholders and would commit $4 billion of capital to the IPO at a fixed price per share.
SPARC has no underwriting fees, founder stock or shareholder warrants, and we would waive our right to receive SPARC sponsor warrants.
The result would be an IPO without any underwriting fees or dilutive securities issued. @SpaceX would go public with a 100% common stock capital structure and it would not incur any transaction costs other than modest legal fees which SPARC would pay from its cash on hand.
We could raise whatever amount of capital you would like by adjusting the exercise price of the SPARs. Assuming we issue 0.5 SPARs for each share of Tesla, there would be 1.723 billion SPARs outstanding including the 61.1 million SPARs that are already outstanding. Since one SPAR would be exercisable for two shares of SpaceX, the SPARs would be exercisable for 3.446 billion total SpaceX shares.
So, if we set the SPAR exercise price at $11.03, SpaceX would raise $42.0 billion, $38 billion from the exercise of SPARs and $4 billion from Pershing Square, or if we set the SPAR exercise price at $42.0, SpaceX would raise $148.7 billion, $144.7 billion from the SPAR exercise and $4 billion from us.
SPARC is indifferent to how much of the shares are primary versus secondary shares giving the company maximum flexibility.
We could do due diligence and enter into a definitive agreement committing to the transaction within 45 days, at which point it would be certain that SpaceX would go public at a fixed valuation subject only to SEC approval of the merger proxy/registration statement. Our commitment to the transaction would not be subject to market conditions.
We could start work right away and announce the transaction by mid- February.
It only seems appropriate that the most innovative and efficient rocket company in the world should go public in the most innovative, efficient, and fairest-to-Tesla-shareholders manner possible.
To Mars and beyond!
What do you say?
@PartyhatsICP Yea. Right. The project is and always has been a scam.
Look at its price action from the beginning.
It is internet capital pillager.
It will take your money forever
@BlockchainPill@dominic_w