Punk9979

[Handre @Handre]

Benjamin Graham published The Intelligent Investor in 1949, and generations of value investors have treated it as scripture ever since. They are half right to do so. Graham teaches you discipline. He drills into your skull the difference between price and value, and he gives you Mr. Market, that manic-depressive business partner who offers you wildly different quotes every day depending on his mood. Buy when he panics. Sell when he gets euphoric. That much is timeless.

But keep in mind that times have changed since 1949.

Graham built his margin of safety on a stable measuring stick. He assumed the dollar in your hand today buys roughly what it bought a few years ago. In 1949 that assumption held. Gold anchored the system, loosely, and prices behaved. But Graham lived to see the whole thing rot. Nixon shut the gold window in August 1971, and the dollar became a pure political instrument. Since then the currency has lost over 85 percent of its purchasing power. Your "margin of safety" evaporates when the yardstick shrinks in your pocket.

Graham's defensive investor holds high-grade bonds. Read that again. He recommends lending your savings to governments and corporations at fixed rates during an era when central banks manufacture inflation on demand. The Federal Reserve creates money out of nothing and hands it to Wall Street first, and the retiree clutching his AAA bonds gets paid back in devalued paper. This is slow-motion confiscation.

Graham never had to take into account the Cantillon effect. He treated markets as a closed casino where careful arithmetic wins over time, ignoring that the house prints the chips. The 2008 bailouts and the 2020 money flood would have baffled him: how does a company with garbage fundamentals moon? Because liquidity, not earnings, moves prices when the printer runs hot.

So read Graham. Absorb the temperament, the patience, the contempt for crowd psychology. Then overlay this onto a timeline of extensive monetary expansion. A man who understands the business cycle knows the game is rigged at the monetary root. You want a real margin of safety? Hold assets the state cannot debase at will. Graham gave you the mindset, but he never had to question the money.

[Punk9979 @Punk9979]

@ragnar_art Agree. Charlotte Johannesson would be a nice addition to this https://t.co/iBgdwzEz28

[Aaron Wright @awrigh01]

Digital art isn't competing with physical art.

It's competing with ignorance about where culture forms now.

(Hint: it's not in elite circles or galleries).

[Stack Hodler @stackhodler]

Bitcoin is the world's best savings account.

And it will probably 10x your money over the next 5-7 years with zero dilution, seizure, or execution risk.

But a lot of people got into BTC because it pulled a 20x in a single year in 2017.

And at $2.3 Trillion market cap, you can no longer expect that kind of move from BTC.

So how can you get the chance at 20x returns?

If you're stuck in the crypto bubble on X you may be tempted to gamble your savings on small cap shitcoin vaporware.

But while you're waiting for the zero-sum alt season hunger games... You've been missing out on unbelievable opportunities in equities.

We are living through the early stages of the most transformative moment in human history.

AI and robotics are in the early stage of changing everything as we know it.

NVIDIA is up 1,403% since October 2022.

But they aren't alone.

The AI narrative (and its exploding use) has been sending everything from Bitcoin miners (IREN, CIFR), electrical infrastructure, speculative nuclear startups, and AI cloud providers screaming higher.

And money continues to flow in as people and businesses become more dependent on AI by the day.

This is the beginning of a revolution.

We're a few years into a world-changing trend.

And that's just AI.

Humanoids are waiting in the wings, ready to disrupt physical labor next.

Each of these earth-shattering tech waves are bringing incredible opportunities for capital allocators.

Not just in the obvious names... But in the "picks and shovels" providers.

If you can think one or two steps ahead, think through where the bottlenecks will be... You can multiply your capital and outperform the BTC hurdle rate.

It won't be for everyone.

You can also just focus on your work, save in Bitcoin and do very well.

But if you're looking to dial up risk and aggressively multiply your capital, there are much smarter ways to do it than gambling on shitcoins.

There are massive new forces of demand, huge waves of investment, and big opportunities for investors willing to put in the time to look for them.

[Wu Blockchain @WuBlockchain]

At the SEC’s Crypto Task Force roundtable on June 9, SEC Chair Paul Atkins stated that self-custody of private property is a “foundational American value” that should not be lost in the digital realm. He expressed support for granting market participants greater flexibility to self-custody crypto assets, particularly where intermediaries impose unnecessary costs or limit on-chain activities such as staking. https://t.co/kEfIHI2kaq

[Punk9979 @Punk9979]

@punk9059 Monaco is higher: 2500 sq ft would set you back by about $25k

[Punk9979 @Punk9979]

Amazing AI film

[Rudy @rudyadler]

Proud of my brother Jacob for being selected as one of ten finalists in @runwayml’s AI Film Festival.

Watch his film, Total Pixel Space—link in next tweet 👇

[Tyler Winklevoss @tyler]

The original orange pill. In 1892, Carl Menger explained that sound money is the product of the market, not the state, and that the best money is the commodity that's the best at holding value across space and time. Bitcoin outperforms all other commodities in these dimensions.

The more you learn about the history of money and the nature of money, the more you come to understand why bitcoin is the soundest money and the ultimate store of value. It's simple and obvious.

[Punk9979 @Punk9979]

Yap early, yap only, yap often.

@_kaitoai is connecting AI, attention and capital with Yaps.

Just claimed my social card and I'm accumulating Yap points in real-time.

Claim yours 👉 https://t.co/OruK9OrRmv

[Punk9979 @Punk9979]

Bitcoin 100k. Nocoiners:

[Punk9979 @Punk9979]

💯

[Vijay Boyapati @real_vijay]

Jeremy Powell calling #Bitcoin digital gold is the biggest endorsement of bitcoin yet, if you understand where financial power lies. Bigger than Fink or even Trump.

[Punk9979 @Punk9979]

@xcopybot Cheap. I may be biased, but I would argue this is a better piece than 'Last Selfie'. No wonder it's on the header of Xcopy Opensea page.

[The Doomed DAO @thedoomedxyz]

100k last selfie 💀🤳

[Punk9979 @Punk9979]

R.Reagan on bitcoin at 100k https://t.co/M97wEI47uV

[Punk9979 @Punk9979]

@dotkrueger The question is what will happen to Japan in the next 15 years. If Japan starts to hyperinflate, do you think US bond market will still be priced at 0%, even with FED support? None will wait, everyone will extrapolate. Japan was lucky so far as there were no other Japans till now

[Punk9979 @Punk9979]

😂😂😂

[Marc Andreessen 🇺🇸 @pmarca]

EU using an LLM for the first time, 2023

[Punk9979 @Punk9979]

In other words, gold is analog bitcoin (with a broken scarcity model)

[Willy Woo @willywoo]

He’s right. Bitcoin is NOT digital gold.

Gold is an approximation of an uncheatable distributed ledger using atoms. But with a broken scarcity model.

Bitcoin actually IS an uncheatable distributed ledger.

Gold tried to be Bitcoin but before we had the tech.

[Punk9979 @Punk9979]

All very true. Democratisation ≠ deterioration of art. Statistical dispersion gets wider, but as the pie gets bigger, the probabilities for good art to appear increase.

[matdryhurst @matdryhurst]

99.99% of art is bad is any medium

Many more people publishing art means you will see a lot more bad art, but the ratio is probably the same.

The urge to emphasize the bad and show no curiosity to seek out the good, or challenging, exposes a reactionary small mindedness I find deeply ignorant and uncultured.

[Punk9979 @Punk9979]

🎯

[Erik Voorhees @ErikVoorhees]

This is not a story about America vs other nations

It’s a story about private space companies vs government agencies

It’s not being widely praised/celebrated because it demonstrates the abject superiority of the former over the latter, and that’s a hard thing to confront for generations who grew up thinking government was the correct (or only) operator of such ambitions.

[Punk9979 @Punk9979]

If you want to learn about cryptoart, start with this interview. Thanks, @zaphodok 👌

[Kate Vass | Galerie @KateVassGalerie]

INTERVIEW

In the shifting tides of both contemporary and digital art, one constant remains: the crucial influence of collectors. They are the architects of the ecosystem, molding and guiding its evolution with every acquisition. Their passion, foresight, and unwavering dedication don't just sustain artists—they actively propel the cultural trend. In a series of interviews, Kate Vass seeks to peel back the layers and get to the heart of what drives a new wave of collectors—their connections with artists and the deeper motivations behind their digital art collections.

In this discussion, we had the distinct pleasure of speaking with @zaphodok, a passionate art collector who has been pushing the boundaries of art at the intersection of internet culture since the beginning. His collection, a treasure trove of generative and AI-driven works, offers a rare glimpse into the future of art.

We hope you find as much inspiration in this interview as we did in bringing it to you.
👇