Errant 2178

create the reality you want

[Sara Rose 🇺🇸🌹 @saras76]

Unfucking real

[Watcher.Guru @WatcherGuru]

JUST IN: $40 million worth of Bitcoin stolen after 500 'Coldcard' hardware wallets were hacked.

[Errant 2178 @Enki_2046]

@heresyfinancial Another Citizen funded bailout of the corporations.

[Shanaka Anslem Perera ⚡ @shanaka86]

BitMEX once handled roughly 57% of all crypto derivatives trading. It now handles less than 0.01%. On 23rd September 2026 it shuts down for good. The contract it invented became a regulated American product 55 days before its creator announced its own death.

This is not a bankruptcy. BitMEX says its assets exceed its liabilities and that it never lost customer funds to a hack in 11 years. It stopped mattering while the thing it built took over the market.

That thing is the perpetual swap. A normal futures contract dies on a date. The perpetual replaces the date with a funding payment passed between longs and shorts every few hours, which keeps the contract tethered to spot. It does not remove the cost of time. It turns time into rent.

Robert Shiller proposed an ancestor of this in 1992, perpetual claims settling against a cash-flow index, built for assets like housing whose prices were nearly impossible to observe. Crypto inverted the purpose. Shiller wanted a contract with no expiry because the underlying barely traded. Crypto perfected one because Bitcoin never stopped trading.

BitMEX launched it in May 2016. The mechanism was public, so everyone copied it. CoinGecko counted 92.9 trillion dollars of perpetual turnover across the largest centralized and decentralized venues in 2025, though narrower trackers put it nearer 61.7 trillion, and turnover is not wealth because the same dollar trades repeatedly.

None of that flowed back to the inventor. Kaiko estimates BitMEX now sees around 400,000 dollars of daily volume. Binance and OKX took roughly a third and a sixth of centralized perpetual volume. A sale process run from late 2024 seeking about a billion dollars found no buyer.

The rent went to liquidity, distribution, balance sheets and regulatory access. Authorship was never the moat.

Back in 2020 the CFTC charged BitMEX over offering derivatives to Americans without registration and over anti-money-laundering failures. It charged the venue's conduct, not the existence of the contract. Its founders pleaded guilty in 2022 and were pardoned last year.

Then the contract changed legal species. In 2023 the CFTC treated Binance perpetuals as swaps. On 29th May this year they issued a formal order approving Kalshi's bitcoin perpetual as a futures contract, and opened a separate route letting Coinbase customers reach Deribit perpetuals as foreign futures, with bitcoin, ether and stablecoins eligible as margin under conditions. Crypto is no longer only the thing inside the derivative. It is collateral inside supervised derivatives plumbing.

CME sued to overturn it, arguing these contracts are swaps under Dodd-Frank.

Then CME did something stranger. On 24th July it moved its one-ounce gold future to 24-hour trading, and nearly 15,000 contracts worth about 60 million dollars changed hands over the first weekend. Kalshi has now applied to list perpetuals on gold, silver and platinum.

Two different clocks are in play. One governs when a market may trade. The other governs whether a contract must ever mature. CME has surrendered the first and is fighting the second in federal court.

That fight decides more than a classification. A dated future forces convergence at one terminal moment. A perpetual needs a trustworthy reference price at every funding interval, for as long as it lives, with no scheduled reset.

BitMEX built a contract with no expiry date. The company got one anyway.

[Errant 2178 @Enki_2046]

@elonmusk "Fiction can be fun"

[Archaix @archaix138]

Over 200,000 cuneiform tablets have been excavated from 15 locations since 1849. The contents of these ancient tablets and the time periods they cover in the historical record tell a very clear story about the history of the world. Video tomorrow.

[Errant 2178 @Enki_2046]

@AmitMDproactive Sid Rosenberg is a 🤡 talking all kinds of BS. He should be sued for his behavior. He's a joke

[Edward Dowd @DowdEdward]

This won’t go over well if this ends up happening.

[Errant 2178 @Enki_2046]

@TrendSpider He is parroting the same thing as the Deepseek CEO said

[Kyle @zeroxkyle]

IMO reading CEO of Deepseek's interview and comparing it to what Western AI leaders are saying is the largest blackpill I've taken today

[Errant 2178 @Enki_2046]

@AmitMDproactive @realDonaldTrump 💯. Something along those lines. He is being setup for sure to be a fall guy of some sort. That was obvious from day 1 for me

[Errant 2178 @Enki_2046]

@LinusEkenstam @grok is this even real? Seems like AI

[Historic Hub @HistoricHub]

The St. Gall Library in Switzerland ranks among the world’s oldest and most beautiful monastic libraries.
Built in 1767, it safeguards a priceless collection of medieval manuscripts, many of which predate the year 1000

[Errant 2178 @Enki_2046]

@AmitMDproactive This is all propaganda to get people pissed off. Nothing new under the Sun here. Keep the 3 religious groups fighting while they are quietly stealing everything in the background with their one sided policies. The Elites are operating with a timeline. Things will get weirder

[Errant 2178 @Enki_2046]

@archaix138

[emini tic @TicTocTick]

65 years ago, people in Kopperl, Texas went to sleep on June 15th in pleasant 70 degrees weather.

A few minutes later, the town temperatures breached 140 degrees. And stayed so for 4 hours.

Crops burnt to crisp, car radiators boiled & burst.

No explanation of cause till date.

[Yero @Yerocode0]

🚨 Tenemos máximo 3 años.

En ese tiempo, el trabajo humano todavía genera dinero real.

Después, la mayoría de lo que hoy pagamos con sueldo se automatiza hasta que ya no vale la pena pagarlo.

Se acaba el modelo que conocemos desde hace 200 años:
“Te alquilo tu tiempo por 40 años y te pago un sueldo”.
Esa es la transición más grande de riqueza de la historia.

Ahora mismo existe una asimetría de información brutal.

Un grupo pequeño ya lo está viendo.
La mayoría sigue esperando a que “sea obvio” en las noticias.

Esa diferencia de tiempo es toda la jugada.
Lo que hay que hacer en estos 3 años es muy simple:

Convertir tu tiempo en activos que no se puedan automatizar ni se diluyan.

Eso significa acumular:

Bitcoin y activos digitales escasos

Activos físicos reales (tierra, energía, producción)

Capacidad de cómputo e infraestructura
Redes de distribución y capital social
Capacidad de generar comida y recursos básicos
Un sueldo es alquilar tu tiempo.
Cuando tu tiempo ya no tenga valor porque una máquina lo hace mejor y más barato… el alquiler se derrumba.
Lo único que queda en pie es la propiedad.

Las personas que en estos próximos 3 años pasen de “empleado que cobra sueldo” a “dueño de activos escasos”…
en 2035-2036 van a parecer que vieron el futuro.
Cuando los sueldos dejen de subir (y después dejen de importar),

solo quedará una cosa:

Quién posee qué.
La ventana está abierta.
Se está cerrando más rápido de lo que la mayoría cree.

¿En qué lado vas a estar cuando se cierre?

[ElaineStark @ElaineSstark]

Maruay es un tigre al cual encontraron deshidratado y con heridas profundas causadas por traficantes.

Fue rescatado por Thailand Wildlife Friends Foundation, y hoy juega cada día en el aguacon su balón.

La recuperación de un animal roto empieza así.

[Freyja™ @FreyjaTarte]

Hahaha. Own your path folks. 😁

[Errant 2178 @Enki_2046]

https://t.co/Q1wdUfPIld