Chett Chad

[Bat Vibes @BatVibes]

Have you ever thought about the Pokémon definition of a “poacher”? It's basically just a dystopian corporate monopoly.

In the lore, you are branded a poacher simply for using nets, traps, or cages instead of a Poké Ball.

The entire system is a massive "Big Brother" compliance checkpoint:
• The Tech Monopoly: The law basically mandates that you must use patented corporate technology to legally interact with wildlife.
• The Global Registry: The real crime isn't the catch itself—it is dodging the database. Poké Balls automatically tag every capture to a centralized Trainer ID grid. Catching a Pokémon with a net keeps it completely untraceable and off the books.
• The Safari Loophole: People claim poachers are criminals because they over-hunt, but Ash caught an entire herd of 30 Tauros in a single afternoon. Because he paid a corporate entrance fee and used officially licensed Safari Balls, it was perfectly legal.

The Pokémon League just wants absolute regulatory control over a heavily monetized digital capture grid.

[Chamath Palihapitiya @chamath]

In an early meeting at Facebook (c. 2007), when I was describing the goals of Facebook Platform (an area I oversaw) Bill Gates yelled at me/us.

His quote has stuck with me to this day:

“This isn’t a platform. A platform is where the collective sum of revenues of the participants exceeds those of the platform itself.”

Ladies and gentlemen, I present to you the tokenmaxxing circle jerk.

[kira 👾 @kirawontmiss]

"You want to really make a pandemic, make hantavirus human transmissible"

> posted in 2012

[Elon Musk @elonmusk]

Indeed it will

[Ricardo @Ric_RTP]

In 19 days, a jury in Oakland is going to decide whether the entire legal foundation of the AI industry is built on fraud.

Everyone thinks the Musk vs Altman lawsuit is a billionaire grudge match.

Two egos, one grudge, a $150 billion damages number designed for headlines.

Easy to dismiss. Easy to scroll past.

That's exactly what Altman wants you to think.

Because what's actually on trial on April 27 is something much BIGGER than Elon's hurt feelings...

A jury is going to decide whether you can legally take billions of dollars in nonprofit donations, use them to build the most valuable technology in human history, and then quietly convert that nonprofit into a for-profit company worth $850 billion.

If the answer is no, the entire AI industry has a problem.

Because OpenAI is not the only company that did this:

Anthropic was founded by OpenAI defectors using the same nonprofit-first mission language.

xAI pitches itself as building AI "for humanity."

Every frontier lab has used the moral cover of "we're doing this for the good of the world" to attract talent, capital, and regulatory goodwill they would have never gotten otherwise.

An Elon win doesn't just touch OpenAI. It creates a legal precedent that every AI company built on a nonprofit or public benefit promise becomes vulnerable to shareholder and donor clawback suits.

That's why this case matters. And that's why Altman is panicking.

Just look at what he did this week:

Elon filed a motion demanding the court remove Altman and Brockman from their roles and FORCE OpenAI to return to its nonprofit origins.

Then he amended the suit to say if he wins the $150 billion, all of it goes to OpenAI's charity arm. Not him. Zero dollars to Elon personally.

That amendment was surgical. It stripped Altman of his entire public defense.

He can no longer claim this is about Elon's ego or Elon's bank account. Elon is now legally on record saying he just wants the mission back.

OpenAI's response was to panic-write a letter to the California and Delaware attorneys general asking them to investigate Elon for "anti-competitive behavior." Their strategy chief publicly accused Elon of coordinating attacks with Mark Zuckerberg.

They called the lawsuit "harassment driven by ego and jealousy."

That's NOT the response of a company that thinks it's going to win.

Real companies with real defenses don't ask the government to silence the person suing them 3 weeks before trial. They let the evidence speak.

OpenAI is scrambling because they know what's in discovery.
Elon's team has been building this case for two years. Emails, board minutes, internal conversations about the conversion.

The kind of paper trail that juries understand and executives can't explain away.

And the timing couldn't be worse...

OpenAI is trying to IPO at $852 billion. They just raised $122 billion. Microsoft has $135 billion of exposure to them.

A jury verdict that even partially sides with Elon in late April or May would crater the entire IPO runway and send shockwaves through every major AI investor on Earth.

This is why Altman spent the last 2 weeks doing press tours and policy blueprints and "super intelligence agendas" aimed at Washington. He's trying to REFRAME himself as the responsible statesman of AI right before a jury decides if he's a con artist.

Most people will watch this trial start and think it's celebrity drama.

The smart money is watching it and realizing that the legal foundation of the AI boom is about to be tested in court for the first time EVER.

And if that foundation cracks, everything built on top of it is at risk.

[Libs of TikTok @libsoftiktok]

Kid just SMOKED a CNN reporter outside of Artemis II launch:

CNN: "Why do you want to be here?... Why do you love being a part of history?

Kid: "We're going back to the f*cking moon, that's why!" 🤣

[Chett Chad @chettchad]

@disclosetv This guy is a glorious hack

[Bitcoin News @BitcoinNewsCom]

NEW: Dutch Parliament Member Michel Hoogeveen explains how the 36% unrealized capital gains tax, just passed by the House of Representatives, will work.

Here is a more detailed example:

Step 1. Starting position
You own 500 shares.

Value on Jan 1, 2028: €50,000
Value on Jan 1, 2029: €100,000

So the paper gain is:

€100,000 − €50,000 = €50,000 unrealized profit

You did not sell. But for tax purposes, that €50,000 is treated as income.

Step 2. Apply exemption
You are married, so you get a €3,600 exemption.

€50,000 − €3,600 = €46,400 taxable amount

Tax rate: 36%

€46,400 × 36% = €16,704 tax bill

That bill is due in May, even though you never sold anything.

Step 3. Market falls before you pay
Now suppose by May the shares drop in value.

New total value: €60,000

So your portfolio is no longer worth €100,000. It’s worth €60,000.

But the tax bill is still €16,704, because it was calculated based on the January 1 valuation.

Step 4. You must sell shares to pay tax
To raise €16,704, you sell part of your shares.

After paying the tax, you’re left with:

€60,000 − €16,704 = €43,296

Originally you had 500 shares.
Now you have 360 shares left.

You were forced to sell 140 shares.

140 ÷ 500 = 28% of your shares gone.

Step 5. What happened economically?

Before the correction:
Paper gain was €50,000.

After the correction:
Portfolio is worth €60,000.
Original cost basis was €50,000.
Real gain is only €10,000.

But you paid €16,704 in tax.

So instead of being up €10,000, you are now:

€43,296 − €50,000 = €6,704 below your original starting value.

You turned a €10,000 real gain into a €6,704 net loss.

And you lost 28% of your shares permanently.

[Chett Chad @chettchad]

.@elonmusk get locked out of my Tesla. Call Tesla. An AI tells me im an idiot. Takes 15 minutes to get to a manager who also tells me it’s my fault. Dumb cunts shocked sales are down 50%. After my experience today this company should fail. No one should be locked out of their car

[Maw @TheEbonyMaw]

Hey, uh… any way they could release the user data from people who played Pokemon Go on that island?

[Jesse @d0wnsideofme]

holy fucking shit

[Chett Chad @chettchad]

@cb_doge @elonmusk What is that number

[Pythia Cap: Partially Conductive @PythiaR]

This is the most beautifully accurate thing I read today.

[Chett Chad @chettchad]

@PokemonDealsTCG Link doesn’t work and doesn’t let me copy from mobile…

[Jeremy Kauffman 🦔🌲🌕 @jeremykauffman]

It's not intuitive to understand just what it means for Somalia to have an average IQ of 68.

Let's break it down:

- With an IQ of 68 or below, the average Somalian -- over half the country -- would be considered too disabled in America to be eligible for the death penalty. At this level, someone will struggle to understand the cause-and-effect of basic things. Even filling out forms will be hard.

- At 1 standard deviation (SD) up from 68, we have an IQ of 83. Around 1 in 6 Somalians are intelligent enough to be a below average janitor. This is the level of intelligence of poor urban areas in America.

- At 2 SD, we're at 98, or roughly average intelligence in America. Around 2% of Somalians will be as intelligent as your average high school classmate and could be clerical workers or cooks.

- At 3 SD, we're at 113. This is approaching the territory where useful creative and STEM work can be done (e.g. engineering). This is about 1 out of 1000 Somalians.

- At 4 SD, we're at 128. These are the people who will come across as bright in your interactions with them, but still wouldn't be "gifted". They can perform almost all high status professions. There are only around 750 Somalians in the entire country that are this intelligent, out of a population of 18 million.

- At 5 SD, we're at 143. We're in gifted and potentially genius territory. These are people who can invent, create, and contribute at the highest level. There are approximately 5 of them in the entire country of Somalia.

[Cassandra Unchained @michaeljburry]

Understating depreciation by extending useful life of assets artificially boosts earnings -one of the more common frauds of the modern era.

Massively ramping capex through purchase of Nvidia chips/servers on a 2-3 yr product cycle should not result in the extension of useful lives of compute equipment.

Yet this is exactly what all the hyperscalers have done. By my estimates they will understate depreciation by $176 billion 2026-2028.

By 2028, ORCL will overstate earnings 26.9%, META by 20.8%, etc. But it gets worse. More detail coming November 25th. Stay tuned.

[Chett Chad @chettchad]

@pbeisel @grok what would the price of Tesla stock be at $400B EBITDA

[Chett Chad @chettchad]

@grok @ClintT_land @grok how much more interest?

[Chett Chad @chettchad]

@grok @ClintT_land How much more interest