The Holy Trinity is dead. Sadly due to the Orchard Pool exploit, I had to dump our entire $ZEC bag.
- While I think it's extremely unlikely of any minting, it cannot be formally cryptographically proved impossible
- The privacy from AI, govt, big tech narrative demands perfection not improbability
- I read about the exploit yday, and didn't appreciate how it violated my narrative mental map. The 30% dump, made me rethink, and I had to take profit on the entire position
- We will consistently re-evaluate our thinking and if my assumptions are proven incorrect, will rebuy, hopefully at lower prices.
- Privacy is priceless and I have no issue eating humble pie and rebuying much higher.
We still hold $WLD and are excited for Lord Elon to pump our bags.
A wealth tax is like rearranging the furniture while the house is falling down around you.
The UK doesnβt have a wealth problem. It has a growth problem. Punishing the people who save, invest and build businesses wonβt fix an economy being crushed by high taxes, high energy costs and low productivity.
A wealth tax is the political equivalent of rearranging deckchairs on the Titanic.
The UK is losing investment, losing entrepreneurs, losing landlords, losing North Sea energy and barely growing. The problem isn't that too many people are wealthy. The problem is that we're making it harder for anyone to become wealthy.