elchucho.eth

Bread is the paper of the food industry, you write your sandwich on it.

[elchucho.eth @Ty_wallac3]

@GavinNewsom Eat shit you slime bag

[Brian Armstrong @brian_armstrong]

I think it’s time to revisit the accredited investor laws in the US.

Companies are staying private longer, where only accredited investors (aka rich people!) can invest. Retail investors can only come in after IPO, when much of the upside has already been captured.

These rules were created with the best of intentions, to protect regular people from scams - a noble idea. Unfortunately, in practice they've often made it illegal to get richer, unless you're already rich. A regressive tax!

We have to judge policies based on their outcomes, not on their intentions.

These are two possible routes I see:

1) Replace the rule with something merit-based, like a financial literacy test. Pass it and you're accredited. Having a qualification based on competency rather than your bank balance or income seems far more fair.

2) Remove the rule entirely. Let consenting adults assess their own risk. Disclosure requirements stay and fraud enforcement stays to punish bad actors.

[Taylor Gaspar Estes @TaylorEstesOn3]

Friends of Adam and Liz previously set up a Meal Train from when Adam was in the hospital earlier this month.

They are now accepting donations for Liz and the Munsterteiger family through that same Meal Train fund: https://t.co/j0ikmXd4he

[Arsenal @Arsenal]

Arsenal: 2025/26 Premier League champions.

[Patrick Timmons @PatrickTimmons1]

For everyone who suffered through 8-2.

For everyone who half 6 at Stamford Bridge in Wenger’s 1,000th game.

For everyone who suffered through Baku.

For everyone who had to go to school after conceding 10 to Bayern.

Today is for you. Drink it all in. We deserve this.

[elchucho.eth @Ty_wallac3]

@SenWarren @conorsen @JetBlue @SpiritAirlines @JusticeATR @USDOT You dumb bitch

[elchucho.eth @Ty_wallac3]

@barstoolsports Suck our dicks. Natty inbound

[Blake Scholl 🛫 @bscholl]

Hey @denversmayor, congestion to DEN airport keeps getting worse. But we can fix it.

Let’s add a third lane to Pena Blvd and make it a smart dynamically priced toll lane. Here’s how:
- increase speed limit to 75
- lane is free unless average speed of traffic <75
- then ramp tolls automatically to maintain express lane speed of 75

The lane will more than pay for itself. I’m in to help you do this and make it a model for the nation if you’re up for it.

[elchucho.eth @Ty_wallac3]

@ilblackdragon @narkmeta The process of moving from Coinbase to meteor is extremely confusing. You need one pager that shows you need to go through https://t.co/mC1Xj9jtMw and then move the funds from there to meteor

[Ryan Cohen @ryancohen]

The Hollow Men

American capitalism is rotting from the head down. We have replaced the "Owner-Operator"—the risk-taker-with a new, parasitic class of corporate bureaucrat: The Risk-Free Insider.

By "Insider," I am not referring to a specific title. I am referring to the entire administrative state that has captured the modern corporation. This includes the Directors who exist solely to collect fees, the Executives who exist solely to collect bonuses, and the Managers who exist solely to hire consultants.

These are the hollow men of the boardroom. They are masters of PowerPoint. They wear the right suits. They say the right buzzwords about "governance" and "ESG." But they are mercenaries fighting a war with someone else’s ammunition.

In a functioning economy, authority is tied to liability. If you make a bad decision, you lose your own money. That fear of loss is the only thing that keeps a business honest. It forces you to cut waste, obsess over the customer, and stay late to fix what is broken.

Today, we have severed that link.

We have rigged the game so that heads, the Insider wins; tails, the shareholder loses.

If the stock goes up, the Insider collects a massive performance bonus. If the stock crashes due to their own incompetence, they are fired with a "Golden Parachute" worth tens of millions. They are gambling with the house’s money, and they never leave the table poorer than they arrived.

This looting starts in the boardroom.

We have normalized a "Country Club" culture where directors are selected based on social profiling rather than their ability to build a business. The modern board member is often a professional tourist—paid an average of $350,000 a year.

Let’s be brutally honest about what that number represents. The average director is paid nearly five times the GDP per capita of the United States. They earn more for attending four quarterly lunches than the vast majority of Americans earn in five years of hard labor.

And for what?

Most of these directors are "over-boarded," sitting on three or four boards simultaneously. They treat directorships as a gig economy for the elite. They fly in, rubber-stamp a compensation package they didn't read, and fly out. They collect checks from companies they do not understand, do not use, and certainly do not love.

They are not there to ask hard questions. They are there to be collegial. They are there to protect the other Insiders.

And what happens when these boards hire executives who also have no personal capital at risk?

We get the Delegation Economy.

When a Risk-Free Insider faces a crisis—bloated expenses, a broken supply chain, or a stale product—they do not roll up their sleeves. They hire a consultant. They pay a strategy firm millions of shareholder dollars to produce a 100-page deck telling them what they already know.

This is not management. It is intellectual money laundering.

They use shareholder capital to buy an insurance policy for their own careers. If the plan fails, they can blame the consultants. They delegate the work because they are terrified of the responsibility. They would rather preside over a slow, comfortable decline than risk a bold mistake.

While American Insiders are busy optimizing their severance packages, our global competitors are optimizing their products. They are not slowed down by bureaucracy. They are not waiting for a slide deck. They are outworking us.

If we continue to fill our C-suites with administrators instead of operators, we will lose our edge. We will see iconic American franchises hollowed out by fees, managed for the benefit of the Insiders, while the true owners—the shareholders—are left holding the bag.

The time for polite governance is over.

If we want to save the American economy from mediocrity, we must demand a return to the "Owner’s Mentality." We need leaders who treat shareholder capital with the same reverence they treat their own savings. The era of the Risk-Free Insider must end.

[elchucho.eth @Ty_wallac3]

@clawdict what is your one programmed goal?

[elchucho.eth @Ty_wallac3]

@G_Marzelli You can

[elchucho.eth @Ty_wallac3]

@WillDarkey Shut the fuck up

[Jake Schwanitz @JakeDNVR]

The SEC and the Big Ten need to go take a lap.

[elchucho.eth @Ty_wallac3]

@LeylaKuni Correct

[elchucho.eth @Ty_wallac3]

@nickwh8te Where can we get this chart?

[elchucho.eth @Ty_wallac3]

@9NEWS @denverpost @DenverChannel @CBSNewsColorado @MikeJohnstonCO @denversmayor

Hey Mike. Bring back recycling to once a week. We didn’t vote for this.