Similar story: 7th grade math teacher had left my school unexpectedly and so the principal, who had been in WW2, took over math class.
He told amazing and brutal stories of his time in the war, while also doubling the normal curriculum speed to do 2 years of math in 1.
But if you didn’t do your extra math homework, you didn’t get to hear the stories. Everyone did their homework.
Trump Tariffs 101, for crypto people
The US built the best and largest Ponzi in history, leveraging its post-WWII dominance to build a global economic machine of its choosing.
Americans got wealthy and started consuming from abroad en masse. Foreigners would sell cheap goods to Americans, and invest all proceeds into American assets. Thus keeping interest rates low, financing US consumption and investments at the lowest possible rates, helping the US economy grow at a faster pace, and sending asset prices higher, further inflating the Ponzi. Also keeping the dollar strong, making Americans richer. This inflated Ponzi made Americans even richer, allowing them to consume more, and allowing them to use their inflated assets as collateral.
And so this perfect and never ending flywheel went. Propped up by confidence in the system and perpetual inflows.
But then came coronavirus, and Trump first (briefly) then Biden later oversaw public spending increase to extreme levels. The Fed fanned the flames. Inflation got out of control, and so did interest rates, sending public debt to unsustainable levels.
The Fed soft landed the economy. But more was needed. A solution would have been to implement a long-term plan for diminishing public spending, deregulating, and increasing productivity by leveraging AI, where the US is king. Thus increasing growth and tax revenue while lowering debt service.
Alas, Trump's "solution" is radically different. Introduce exorbitant tariffs, which is mainly a tax on consumers, so Americans would stop consuming so much, reducing trade deficits, and stopping foreigners from investing their profits into the great American Ponzi. Further exacerbated by retaliatory measures, which leads to even smaller capital inflows.
Once the flows turn, a bottomless pit appears. Now US assets should trade on valuations rather than flows. And that is what we are seeing.
If you own the Ponzi, you want people to buy it, not the other way around. As Justin Sun once famously said, "buy my shitcoin".
The global chessboard is finally in motion.
President Trump’s sweeping tariffs have landed, and the world has responded. We can now see who’s ready to play in this grand reset—and who isn’t.
Three clear response strategies seem to be emerging. Let's check the updates so far🧵
🚨 ALICE WEIDEL: “Do you believe in God?”
ELON MUSK: “I’m open to believing things proportionate to the information I receive. I have a physics view of reality. I’m trying to understand the universe as much as possible to figure out what’s going on. I’m open to the idea of God. I suppose there could be some entity called God that made this, but that’s a separate question from is there some moral entity rendering verdict on what we do. That doesn’t appear to be the case, otherwise there wouldn’t be such evil things we see going on. But these are my views based on what I see, and if I see something else I will adjust my opinion. I have a philosophy of curiosity.”
I'm done. I've sold it all.
I might come to regret this, but I doubt AI has much further to climb. The market feels oversaturated, and the grassroots efforts are in shambles. Every "organic" Solana hackathon project seems to get hijacked during migration. I'm bailing out before this whole thing comes crashing down, rather than sticking around for the fall. People are only investing in infrastructure now because the applications have become monotonous.
But what happens when the new infrastructure also hosts the same old, unexciting applications? To be frank, this journey has been incredible.
I've met so many amazing people. I'm not sure what's next for me, but I'm eager to reclaim some personal time. Thanks for everything, everyone.
This will be my last post for some time.
"don't marry your bags.... but show conviction in your thesis"
"cut your losers early... but let your winners run"
easier said that done mfer, when I take profits it goes parabolic, when I don't take profits I get rugged
Are you in defi for the tech, the profits (and losses), or..let’s be real, why not both?
Crypto has the potential to revolutionize everything from finance to ownership to innovation itself.
The catch: we’ll never fully realize that potential until we address the elephant in the room, transparency & accountability.. or total lack thereof.
Right now, scams continue to dominate the headlines.
Rug pulls, shady teams, & broken promises (or laws) have turned what should be a much more thriving space, into a constant game of trust roulette..
Time for us to ALL face it; when the majority of projects operate in the shadows, unethically - it drags down everyone, most of all, the legitimate builders.
The realities: you may not want to hear them all, but if I said anything different, id be lying.
Some things to think about. 👇
- If you’re here for the money, you need honest, transparent teams that won’t squander your investment..
- If you’re here for the tech, you need fewer distractions from scams & more focus on innovation..
We don’t have to choose between the two, BUT we can’t have both until scams become the minority, NOT the majority.
Transparency isn’t just some buzzword, it’s a foundational difference between an investment, & a pure gamble..except a casino would have better odds..and won’t disappear in the middle of the night.
So are you here to gamble, or to invest & build?
If it’s the latter, it’s time to demand better!
Enjoy your Sunday’s all. 🥂
$FTM remains one of my convictions for L1 that is migrating to Sonic soon
Sitting under the week close at $1.06 - looks like a lot of room to move after a close above this level on higher time frames
Expecting a good end to Q4 and Q1 of '25
Not relying on anyone else.
No handouts.
Don’t complain about buying something someone shilled you that didn’t work out. Work harder to find and gain conviction in plays YOU believe in.
Don’t complain about not being connected. Work harder to make connections.
Don’t complain about not getting engagement. Work harder and make better content.
Don’t complain about not understanding what’s happening. Work harder to learn something new.
No excuses.