Archimedes May

[Crypto Rover @cryptorover]

Seems like Grok didn’t pick a winner, so I’ll do it myself.

What is the most fair way to choose a winner?

Like, RT, and follow me if you haven’t already.

Winner will be announced tomorrow morning!

[Archimedes May @ArchimedesMay]

@rovercrc @grok oi!

[Archimedes May @ArchimedesMay]

@PeterSchiff Peter, you are a talented economist and investor--I fondly remember watching your video series politely helping misguided protesters understand the financial crisis in 08-09. I've never understood your obsession with denigrating BTC; bit of a shame this is all you post about now

[Michael Saylor @saylor]

A nuanced discussion of the keys to institutional adoption, benefits of capitalizing corporations with bitcoin instead of bonds, opportunities to securitize bitcoin, advice for entrepreneurs, digital capital vs. currency, and nation-state #bitcoin adoption

[Dylan LeClair @DylanLeClair]

It’s happening. #Bitcoin

[Anthony Pompliano 🌪 @APompliano]

One of the most insane charts in finance.

(h/t @KobeissiLetter)

[Paul Grewal @iampaulgrewal]

Just register the token but not necessarily “all the stuff” around it. Or suffer lawsuits and case law in the meantime that are so muddled that they require the Supreme Court to provide “definitive clarity.” This is your government at work.

[exlawyer @exlawyernft]

Gary, it seems that you inadvertently left out the statistics regarding how often the SEC has lost in appellate courts, the unprecedented employee turnover, and the number of times courts have said the SEC does not show a "faithful allegiance to the law" under your watch.

You also failed to mention how several of your initiatives have been criticized by Congress, Wall Street, and the American people. Further, you seem to have missed the fact that countless Americans who didn't know what the SEC was 3 years ago, now know what it is and hate it because it is actively harming their ability to invest in innovated technologies and companies.

[Dan Held @danheld]

@PeterSchiff Also you in 2013 before Bitcoin was worth $1,000👇

[Anthony Pompliano 🌪 @APompliano]

"Act like you're dead with your bitcoin."

@Scaramucci held nothing back in my recent conversation with him.

Bitcoin, institutional adoption, sovereign wealth funds, Trump, Biden, the national debt, the ETFs, and much more.

Full episode on X.

LISTEN: https://t.co/7MO8yoUkDq

[The ₿itcoin Therapist @TheBTCTherapist]

This is the video about #Bitcoin that Elizabeth Warren and her band of cronies, don’t want you to see.

Share this with EVERYONE.

https://t.co/ataAQBZmhb

[Sam Lyman @SamLyman33]

“Last year, the Department of Justice indicted a Sinaloa Cartel member who laundered nearly $900,000 in crypto.”

What she doesn't want you to know: In the years prior, the Sinaloa & Norte del Valle cartels laundered nearly $900,000,000 in fiat currency through HSBC.

That's a fiat to crypto ratio of 1,000:1.

Senator Warren's entire gambit depends on public ignorance. Cash remains the preferred currency of criminals. And when compared to crypto, it's not even close.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 Senator Elizabeth Warren gets community noted after claiming nations are using crypto to dodge sanctions and undermine national security.

[The Wolf Of All Streets @scottmelker]

To recap.

The @SECGov X account was hacked yesterday.

And today they posted the approval of the Spot ETFs on their website, which I screen recorded, and then that document disappeared and is giving a 404 error.

Perfect.

#FireGaryGensler

[Anthony Pompliano 🌪 @APompliano]

The Bitcoin Spot ETF has been approved by the SEC.

Historic day.

Congratulations to everyone who worked tirelessly to get to this point.

Onwards!

[Watcher.Guru @WatcherGuru]

JUST IN: X confirms the SEC's account was hacked and did not have two-factor authentication enabled.

[Layah Heilpern @LayahHeilpern]

@SECGov You usually give penalties in the 100s of millions when other private investment firms make mistakes like this that manipulate the market...

What will you do to fix this?

[Paul Grewal @iampaulgrewal]

Today the SEC denied Coinbase’s petition for rules for crypto. After 18 months of silence, we went to court to get the response the law requires. With appreciation for the Third Circuit, later today we'll again seek its help by challenging the SEC’s abdication of its duty. 🧵⬇️

[SEC Chair Gary Gensler Archive @GenslerArchive]

Today, the Commission denied a Petition for Rulemaking filed on behalf of Coinbase Global, Inc.

Read my statement here: https://t.co/NLG9HfUYFV

[Bit Paine ⚡️ @BitPaine]

If you want to ✨ really ✨understand why #bitcoin is so important, watch (or rewatch) The Big Short.

The closing scene, with Mark Baum (Steve Carrell’s character, based on Steve Eisman) sitting on a balcony overlooking Central Park, despondent over the fraud & destruction that has just occurred, realizing that nobody responsible will face any consequences because the system itself is run by criminals - this is the world into which #bitcoin was born, & the rank desolation to which it has brought Hope.

Meditate deeply on how (as elucidated throughout the film) inescapably rigged that system was:

- The SEC is a revolving door with the banks, with no incentive (or ability) to police them or the securitized mortgages they were selling).

- The banks sold (& were pricing) the swaps that insured against the downside that they faced, and for months fraudulently refused to price them correctly, trying to force out (via capital calls) the people betting against their own structural insolvency. This capped Baum and others’ upside because if they waited too long to sell their insurance contracts - NOBODY WOULD BE LEFT TO PAY THEM.

- The government was always going to step in & bail everyone out, because the system the banks created effectively held hostage the only real financial asset most Americans owned: their homes. The system allowed them to win more when Americans won; it should ALSO have meant that they lost proportionately more when housing crashed, but they knew that the government would never allow this to happen, so gains would be privatized and losses socialized.

Think about this world: the banks controlled the regulators, the ratings agencies, & the Congress. But even worse: the banks were the only way to bet against the banks!!

The banks won when We The People won, & they won when we lost. They were the House & everyone else is just players in the casino. We couldn’t get out unless they let us out, & they sure as shit weren’t going to ever let us win if it means them losing.

This is why #bitcoin is such a massive, MASSIVE idea: as the only independent asset not synthetically created by a bank or controlled by a government, actually HELD by the people who own it, & not native to any one country - it is, effectively, a limitless Credit Default Swap on the entire banking cartel-operated fiat system, insuring against the insolvency, not just of any one bank or government, but the entire financial world with nobody to cap the upside or police the exits.

This is why I am a #bitcoin maximalist: because the 2008 financial crisis left an indelible impression on me, as it did when it motivated Satoshi to write the White Paper & embed that famous FT headline from this era in the Genesis Block. I, like Mark Baum, was the hopeless disappointed idealist sitting on that balcony, cynically despondent because the entire system is fucked and there was no way out.

Until #bitcoin created the only Hope we have to ✨fix this ✨ & create a better, fairer world in its place - one in which we cannot be held hostage by the gatekeepers of the financial system as they leech our wealth and labor.

Ethereum & other cryptos are, if anything, the moral equivalent of those toxic mortgage-backed securities built on a blockchain. Issued by the House, controlled by the House. Wholly owned by the House. They, if built upon, would create a world WORSE than the one Baum was lamenting - not better.

Only #bitcoin allows the people to rise with one voice & bring the entire corrupt system from which Baum saw no possibility of escape crashing to the ground for good - as in the depths of that same despair his brother had come crashing to the ground in the opening of the film.

#bitcoin is the most important & most powerful idea in your lifetime - because you still live in the corrupt fiat world of 2008. Even if you dont realize it, you are a Mark Baum sitting on that balcony.

Only #bitcoin can fix this.

Only #bitcoin is a way out.

Only #bitcoin is Hope.