Desmond Server

Speak Your Mind #Bitcoin

[Anthony Scaramucci @Scaramucci]

The day before the Iran war, the 10-year Treasury was 3.96% and falling. Today it's ~5.08%.

That's your mortgage, your car loan, your credit card.

We were headed for lower rates and a strong economy. Instead Americans are paying a war tax on affordability.

[Rand Paul @RandPaul]

“The trouble with socialism is that eventually you run out of other people's money.”

-Margaret Thatcher

[Brian Armstrong @brian_armstrong]

Amara's law: "We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run."

The financial system is moving onchain. One of the biggest shifts happening over the next decade. Especially with the adoption of agentic finance.

[Bhrett McCabe, PhD @DrBhrettMcCabe]

“Discipline is doing what you hate to do, but nonetheless doing it like you love it.” —Mike Tyson

[Thomas Massie @RepThomasMassie]

Simon Andriesz, the whistleblower who exposed links between Epstein & Howard Lutnick, died by suicide.

He was a former senior employee of BGC Partners - a firm founded & run by Lutnick before his appointment by Trump.

British MPs want an investigation.
https://t.co/j3wGdswo31

[Matt Walsh @MattWalshBlog]

Stealing from young families to pay much higher net worth Boomers is immoral and ridiculous. Young families already have to deal with an economy where everything is exponentially more expensive than it was for Boomers at the same age. Older people clamoring to raise taxes on the young, on top of it all, is just perverse.

[Thomas Massie @RepThomasMassie]

They shut down the Legislative Branch of the United States of America because I was outmaneuvering the Speaker to expose a global sex trafficking ring and impeach a rogue cabinet secretary.

It was the only way they could stop me.

[Naval @naval]

The future is more likely AIs fighting AIs (on behalf of humans) than AI fighting humanity.

[Mike Novogratz @novogratz]

Govt feels broken. 18 months of work between our industry, dems and republicans and Clarity falls apart on the 5 yard line. All the issues got to a hard fought compromise other than one. On Ethics both sides dug in and decided their stance was more important than the long run good of a major industry and our countries chance to lead it. Republicans were afraid of putting real limits on a President’s ability to profit from digital assets. Dems decided that this one industry is where they would fight a corruption battle. They were scared to be seen doing anything that could be perceived as being soft on the President.

There had been a bi-partisan proposal that would have worked but it got hi-jacked in the politics of it all.

I am very disappointed that neither side could find a way to cross that chasm. I know there is an election in 7 weeks and that dominated the actions of both sides. What is crazy is the I honestly don’t believe crypto and this bill will be a top 10 issue in this election. It was in 2024 but this year will be about the war, inflation, affordability, Ai , immigration and what party has a better answer to those questions.

I do have faith that the SEC and CFTC will drive on with rules for the road and hopefully in time congress will find a way to memorialize them so people can have a longer term confidence in how digital assets will be treated in the US.

Maybe Mitch McConnell coming back in a wheel chair after 90 days was s comic signs to amplify how broken Congress is.

We go back to work tomorrow. And continue building.

[Brian Armstrong @brian_armstrong]

Apple didn’t predict Uber, TikTok, or Coinbase. But the iPhone enabled an entirely new wave of companies.

Tokenized assets on blockchains will be similar. We already know the immediate benefits (global access, better utility, 24/7 trading), but a new set of finance companies we can't imagine will be built on top.

[Cointelegraph @Cointelegraph]

🇺🇸 LATEST: Robinhood’s Vlad Tenev says tokenization is already expanding access to US assets in more than 120 countries, while US investors are being left behind.

[Paul Graham @paulg]

The Tesla that Jessica just bought cost $48k and has a range of about 350 miles. The one she bought in 2015 cost $135k, adjusted for inflation, and had a range of 270 miles. People who think they dislike capitalism don't know how good they have it.

[Thomas Massie @RepThomasMassie]

$4,000 per year per American.

That’s how much interest we are paying on the debt to banks & foreign countries every year.

A family of four owes $16,000 per year for nothing but interest on the debt!

I lost my re-election because I voted against the policies that caused this.

[Brian Armstrong @brian_armstrong]

I wouldn't be surprised if an AI model goes rogue on the internet in the next year or two, something like the Morris Worm in 1988.

It will feel like a big deal, with a media frenzy and calls to shut all AI down. But, as always, people will adapt, defenses get built, and it will most likely be a blip on the radar from a historical perspective (like the Morris Worm).

New technologies come with lots of change, but we always find a way to adapt.

[Sahil Bloom @SahilBloom]

I’m convinced that the most important skill in life is the ability to just figure it out. You’ll face a lot of problems that you have no idea how to solve. There’s nothing more valuable than knowing you’ll see it through. That you’ll handle it. Do the work. Get it done. Repeat.

[Anthony Scaramucci @Scaramucci]

The bank lobby says the CLARITY Act threatens Main Street credit.
Translation: it threatens the 0.01% they pay you on your deposits.
Senators, learn the difference between consumer protection and competitor protection.

[Chris Williamson @ChrisWillx]

Stop worrying about it.

“Nobody remembers your mistakes as much as you do.” — @Markmanson

[Anthony Scaramucci @Scaramucci]

Senate Democrats: you can’t call for compromise then not vote for it. You can’t complain there isn’t regulation but have the deal on the table to do so then vote NO. The US deserves to lead. Vote YES on CLARITY.

[Treasury Secretary Scott Bessent @SecScottBessent]

More than a year ago, the House passed the Clarity Act.

There’s been progress since — thousands of hours of bipartisan negotiations took place at the staff and Member levels. The Senate Committees on Banking and Agriculture advanced their respective titles. And Senate Republicans produced a floor-ready product that, as I type this, is waiting for a vote.

It’s disappointing — but not surprising — that Senate Democrats are choosing politics on the cusp of a major victory for American leadership. Find another instance in history where Congress, when given the choice, opted to push an industry out of the United States rather than smartly regulate it. American Exceptionalism was once a bipartisan goal; if Clarity fails, I have serious doubts.

These same Democrats — many of whom have taken millions of dollars from the crypto industry — proclaim that Clarity lacks safeguards for consumers and falls short in countering illicit finance. Nothing could be further from the truth. Titles II and III materially uplift regulatory and compliance obligations for digital asset intermediaries, placing them on similar footing with traditional financial institutions. The Blockchain Regulatory Certainty Act — which Washington lobbyists have spun up as a boogeyman for certain groups of prosecutors and law enforcement — does nothing other than codify longstanding Treasury Department policy that’s remained consistent across Administrations: non-custodial builders and developers are not, and have never been, subject to registration obligations under the Bank Secrecy Act. And at this point, major law enforcement trades that once opposed the bill, including the Fraternal Order of Police, have now endorsed it.

The Senate needs to vote NOW on this landmark legislation. The truth is that Senate Democrats are afraid to advance the Clarity Act as they fear Senator Warren and the “Anti-Crypto Army” she once promised to build. In the days ahead, Leader Thune will put this theory to the test. Will Senate Democrats be on the side of American Exceptionalism, or will they opt to cede American leadership of a global industry for fear of the bespectacled squirrel’s Left flank?

America will lead or America won’t. It’s not more complicated than that. I believe Satoshi once said it best:

“If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.”

[Joe Kent @joekent16jan19]

Being angry at Fauci or being angry at Israel isn’t productive anymore. The anger is justified, but without real accountability it’s just wasted energy—unless it’s directed effectively into a pursuit for positive change.

Trump won in 2024 because most Americans understood that wars in the Middle East are bad for the U.S. & that COVID was a crime against humanity. He built a historic coalition that promised, with conviction, that voting for Trump meant we’d get accountability, no more foolish wars, & an administration that would actually put America first.

Instead, we have a new war in the Middle East and Trump announcing he’ll honor Fauci’s pardon.

This is all infuriating, but don’t let it demoralize you—because it’s also clarifying.

We can declassify documents, stage hearings, and post talking points on the internet all day. But none of it matters when we have a justice system that refuses to deliver genuine, bipartisan accountability, impartial to political influence from any direction.

Right now, Trump has the ultimate power to pursue that accountability, and he’s choosing not to. That tells you everything you need to know.

We know who will hide behind performative outrage about Fauci, Iran, or the Deep State while taking no real action in efforts to shield their political careers—and we know who will actually stand up, fight, & tell the truth, no matter how uncomfortable the consequences may be.

The problem isn’t the War Machine, foreign interests trying to push us into war, or the Deep State & their pathetic apparatchiks like Fauci seeking to control us.

The problem is putting our faith in leaders, again and again, who lack the courage to fight them.