RealMah

The DAO that can be centralised is not the real DAO

[David McMahon @David_McMahon75]

I am sick of the government and tax academics gaslighting us on this 30% minimum CGT. Their argument is that people are engaging in some kind of "tax avoidance" by accumulating assets through their lives, deferring those gains and selling near retirement when their marginal tax rate is much lower.

This is a spectacularly stupid argument. People sell assets later in life not because they are engaging in some kind of elaborate tax dodge. Most of the time it's because that's when they need the money. This is basically just how long-term savings works.

Similarly, if someone starts a small business and then sells it later in life to fund their living expenses, they are not engaging in tax avoidance. They were just deferring consumption. This stuff should be obvious.

[RealMah @behhl]

@joshgessner Program

[Geoff Wilson @GeoffWilsonWAM]

Every Australian who owns shares, runs a business, invests for retirement or hopes to build wealth should be paying attention. It’s about the future of investment, productivity and aspiration in Australia. Sign the petition.👇
#CGT #auspol https://t.co/obcCvaj9hY

[christopher joye @cjoye]

You and your team start, and work in, a business. You put $250k in to get it to break-even. After a decade of blood, sweat and tears, your business is worth say $5 million. Under Labor's proposal to effectively double capital gains tax by indexing it to inflation, you would see a 96% increase in the tax you would otherwise pay today. You would pay more tax in Australia than if you set up *three* of these $250k businesses in Canada, NZ and the UK, and them sold them for $15m in total. And we were told by the government more than 50 times before the election that they would not touch CGT or negative gearing. Check out this table summary of the change in total CGT paid @GeoffWilsonWAM

[Anas Alhajji @anasalhajji]

مع استمرار ارتفاع مخزونات الصين النفطية إلى مستويات تاريخية، رغم نقص الإمدادات والارتفاع الكبير في أسعار النفط، مالذي تعرفه قيادة الصين ولايعرفه الناس؟ هل القادم أسوأ؟

[Citrini @citrini]

Strait of Hormuz: A CitriniResearch Field Trip

The Field Report from Analyst #3 is live.

https://t.co/rwJffd8l81

[Aakash Gupta @aakashgupta]

This is wild: Citrini sent a dude with $15,000 cash, recording sunglasses, and a pack of Cuban cigars to the Strait of Hormuz. What he found flips everything Wall Street thinks about the strait on its head.

Every hedge fund, every macro desk, every retired general on CNBC is watching the same AIS shipping data to price Hormuz risk. The analyst signed a pledge at an Omani checkpoint promising not to gather information, then smuggled in a gimbal, a microphone kit, and a 150x zoom Leica camera past the border officer who inspected his bag.

What he discovered on the ground: the AIS data everyone is trading on is missing roughly half of what's actually transiting the strait on any given day. Ships are going dark, spoofing destinations, broadcasting "CHINESE CREW OWNER" through transponder fields to avoid getting hit. Iran's ghost fleet is running 29+ laden tankers inside the Gulf with transponders off, moving an estimated $3B in crude to Malaysia since the war started.

The entire market is pricing a "closed" strait off satellite imagery and transponder data that has a 50% blind spot. Every oil model, every supply forecast, every macro call built on AIS throughput numbers is working from a dataset that systematically overstates the disruption.

When the signals deliberately go dark, the people staring at dashboards are the last to know what's happening. Citrini figured that out by putting a guy on a speedboat 18 miles from the Iranian coast while Shahed drones flew overhead.

The gap between "what AIS says" and "what's actually transiting" is the most mispriced variable in energy right now.

[Tarric Brooker aka Avid Commentator 🇦🇺 @AvidCommentator]

Dave: So you are one of the largest producers of energy in the world?

Australia: Yes Dave.

D: But you only have enough refining capacity for 20% of your daily fuel needs?

A: Yes Dave.

D: And you rely heavily on fuel imports from nations that overwhelmingly don't have oil production of their own to meet their own needs, making you even more vulnerable to global supply shocks?

A: Yes Dave.

[Sama Hoole @SamaHoole]

Modern diet logic:

Eating an avocado from Mexico shipped 5,000 miles: Sustainable, healthy.

Eating a cow from a farm 40 miles away: Destroying the planet.

Drinking oat milk made from industrial oats processed with seed oils: Clean eating.

Drinking milk from a cow: Problematic.

The mental gymnastics are impressive.

[el.cine @EHuanglu]

the first official AI movie is here and.. its wild

China’s top director Jia Zhangke was so impressed by Seedance 2.0 that he made a film himself.. in just 3 days

when asked if AI will replace filmmakers, he said cinema has always moved with tech. Digital cameras didn’t kill film. AI will just make it faster, simpler and better

meanwhile Hollywood is busy hunting down AI creators and filing lawsuits

check out this masterpiece

[Josh Hawley @HawleyMO]

SPOILER ALERT: Men cannot get pregnant

[EKO @EkoLovesYou]

https://t.co/6LKT0G5j3y

[Nuseir Yassin @nasdaily]

I am in complete shock by the design of @Grokipedia.

Grok wrote a 10,000 word article about my career.
It was 95% accurate.

But it got one big thing wrong. It said I got divorced.
Truth is, I was never married.

Instead of begging an anonymous editor to correct this, I highlighted the text and said: "Nuseir was never married."

This prompted Grok to do the most comprehensive online search I've ever seen. It watched hours of my content and transcribed it. Then it agreed with my suggestion and approved changes to my article instantly.

Now I fully understand what @elonmusk refers to as the truth. It is not a marketing word. It is literally in the design of the system.

Google needs to stop surfacing Wikipedia on the first page and replace it with Grokipedia asap.

[Athenaeum Book Club @athenaeumbc]

In 1945, Solzhenitsyn was a decorated Soviet officer who made a small, private joke about Stalin in a letter.

The state opened it, read it, and treated it as a crime. Within weeks he was arrested and stripped of rank. He was fed into the camps, and sentenced to eight years in the Gulag.

The camps were designed to teach one lesson: say nothing, remember nothing, become nothing. He shoveled frozen concrete until his hands split and bled.

Years later, Solzhenitsyn would write, “Bless you, prison, for having been in my life.” It sounds insane until you understand what he meant. Prison showed him the truth of the regime in its purest form.

After his release, the punishment did not end. He lived under constant surveillance, moving from place to place, knowing that writing a single page could mean death. So he did not write. He memorized. Whole chapters of The Gulag Archipelago lived only in his head. Friends hid scraps of text. Wives memorized passages. For years the book existed only in human memory, as fragile and dangerous as a secret prayer.

When it was finally published, it did not argue that Soviet communism had gone too far. It showed that this was exactly where it led. Solzhenitsyn had learned that systems built on lies survive only if people agree to repeat them, and that the simplest refusal… to stop saying what you know is false… is the first and most dangerous act of resistance.

[Dr David Unwin @lowcarbGP]

Our method is not used more in the UK NHS in part because there are no rewards for GPs using fewer drugs or achieving drug free T2D remission @rcgp

[RealMah @behhl]

@adamtaggart This could end up to be like when Druckenmiller sold out of NVDA.

[christopher joye @cjoye]

Given the response, I am lifting my column out of the paywall… 1/2

This evil is driven by envy

In the context of the Bondi tragedy, let me start by saying that Australia is not the country I once knew. The Australia I remember during my youth bears little resemblance to the nation that now exists.
I am not sure you can even describe us as a nation – we are more like a heterogeneous agglomeration of vested and frequently colliding interests.
I think there is a fair case to be made that we have traded away our soul. There is no cohesive national identity. There was, once upon a time, a demonstrably visible national character. We knew what it was to be Australian.
We loved our country. Our flag. Our history. Our entrepreneurial and iconoclastic verve. Our disdain of centralised authority. Our willingness to give every person a fair go. Our characteristically intense competitive streak. And our eccentric and larrikin heroes. From Don Bradman to Kerry Packer.
But today it is difficult to discern a unifying crusade or common community. There are, to be sure, redoubts here and there. But across this sunburnt land we have emerged as a nation divided.
Many will claim that their vision of Australia best represents a universal mission. That they know the true Australia. And that there is a silent majority that agrees with them.
But I do not see it. Right now, Australia is a battlefield bloodied by conflicting interests, which this column belaboured seven days ago.
The lucky country has become the lazy land, spoilt by endless resource riches and the seemingly bottomless pit of public money that this has bestowed.
Our wealth has been relentlessly wasted on pet political projects that serve only to perpetuate the reign of those in power. Financially corrupt the voters to win the next election and then rinse and repeat. Until the money runs out.
Australia has become obsessed with the public sector providing answers to its problems. Obsessed with centralised control. Remember the world’s worst lockdowns? Obsessed with censorship: eviscerate parental responsibilities and ban children from access to the internet.
Obsessed with revisionism. We don't even give our kids an opportunity to learn from our historical wins and losses. It is airbrushed in the name of trying to create an alternative political reality.
Obsessed with cutting down tall poppies. That is, we don't just want equality of opportunity, which is a crucial ideal—we increasingly seek equality of outcomes.
A huge amount of the secular racial prejudice projected against Judaism by other creeds and cultures can be attributed to the fact that the Jews have been consistently one of the most successful communities in the countries they have lived in.
The intelligence, innovation, and unmatched professional intensity that Judaism nurtures has been a persistent source of envy and polarisation for as long as the faith has existed.
Whatever academic pursuit or vocation you inspect, you will find Jews dominating. This is true by design because the community defines itself through a purity of purpose that advocates intellectual and professional excellence.
It is a self-selection process that attracts and spawns world-class talent. Yet in a society where you are constantly seeking to manipulate and sate the masses, the ever-tempting reflex is to focus on persecuting the difficult-to-understand anomalies. The exceptions. Those that rank in the 99th percentile. Accordingly, we fall back on handicapping success.
We want to regress everyone back to the mean to create an egalitarian world. The Jews are to blame. It’s the "great vampire squid wrapped around the face of humanity" as Goldman Sachs was once described. Of course, Goldman was founded as a Jewish partnership. Cont’d 1/2 https://t.co/7jgwpw42SM

[Josh Ferme @JoshFerme]

It looks like, based on these criteria, I'm in an abusive relationship with my own government.

[Free Speech Union of Australia @FSUofAustralia]

Due to popular demand, we have contributed towards guidance on how to protect your family from the eSafety Commissioner's Social Media 'Ban'.