"It's worth remembering the brilliant insight of Charlie Munger (Buffett's partner): People who create massive payout scams leave a trail of super-disruptors in their wake.'" And another thought : "Any massive fraud ends in shame."
#investments#fraud#financialliteracy
The moral is simple: if a scheme is built on endlessly attracting new people rather than on real value, it's not a business. It's a classic "mass scam." And it always ends the same. Protect yourself and your money.
I wanted to see how #VEO3 would animate some of my weirder images and it did a great job. It really follows the prompt direction very well. The quality on these clips are so good and the movements very smooth. Images made using #Midjourney and song: @SunoMusic#ai#aiart
Interesting thoughts from Paul Romer
"In tech, firms often have an incentive to lie and clearly do lie. It can provide crucial help for a firm that wants to emerge as the victor in a winner-take-all-contest to dominate a market. To be helpful, the lie does not have to remain undetected forever. It is sufficient for it to mislead for a brief period of time, just long enough for the firm to achieve an unbeatable lead. When the dishonesty comes out later, the firm suffers no harm. Its dishonesty might leave many people with a desire to shun it, but it is the only viable firm left in the market. There is no alternative firm that principled consumers can switch to."
Laws are for the masses to queue up for dreams, while big money’s laughing over the rules from an offshore yacht 😏💰
#truth#system#crypto#fiat#wealth#money
🇨🇳 In Shanghai, 432 robots 'walked' a 7,500-ton historic building complex back to its original location!These 100+ year-old houses were shifted for subway construction and now returned.The robots moved in sync for over 2 weeks, covering 10 meters daily. #Shanghai#History#China
AI model with access to live and historical onchain data that can perform transactions autonomously. Powerful API to build agents and crypto powered AI apps.
https://t.co/YsIW72Rvrq
7 Big Ideas for 2025:
1. Enterprises will increasingly accept stablecoins for payments
2. Countries explore putting government bonds onchain
3. We’ll see greater adoption of the ‘DUNA’, a new industry standard for blockchain networks in the U.S.
4. Builders will reuse, not just reinvent, infrastructure
5. The crypto industry finally gets its own appstores, and discovery
6. Crypto owners become crypto users
7. ‘Hiding the wires’ helps usher in web3’s killer app
Read the full post: https://t.co/IyzGxTfp3N
🔺Avalanche9000 Upgrade: AVAX’s Next Big Leap!📷 Avalanche9000, aka the Etna Upgrade, will be live in a little less than 4 hours at 1PM Est. This is Avalanche’s biggest upgrade yet, transforming the network for both builders and users📷📷 🧵👇