Freeze the rent and you haven’t touched the cause. You’ve just capped the price below what it costs to maintain and build.
Every price control in history ends the same way: shortages.
When you cap what an apartment can earn below what it costs to run, landlords stop investing and stop building.
The market then splits in two: frozen units turn run-down and never open up, because no one with a good deal leaves while everything outside the freeze gets pricier, since more people are now fighting over fewer homes. You get the worst of both worlds: cheap apartments nobody can get into, and expensive ones for everyone still looking.
The renters you meant to help end up with fewer options, worse conditions, and a city no one new can afford. A frozen rent on a crumbling building isn’t affordability - it’s decline with a nicer sticker price.
If you don’t understand why prices (for homes and leases) actually go up, you’ll never understand why a rent freeze makes it worse. Fix the money to expand the supply of housing. Stop treating the symptom and calling it a cure.
Sincerely,
Someone born under Communism
https://t.co/Jf8gAsJKTb
@Mayhem4Markets The ability to store and transfer debasement-resistant value globally without centralized permission.
And among the ways to do that, it’s the protocol with the best liquidity and decentralized track record. Network effects.
"Crypto" is going to zero. Bitcoin is going to 1M+.
I've been working on Bitcoin since early 2013 when it was ~$50. First it was going to zero because of Silk Road. Then Mt. Gox. Then governments were going to ban it. Then it was slow technology and it was going to be crushed by all of the other coins. Then Sam Bankman-Fried and FTX were sending it to zero. Now there are new narratives. New people that are far too levered, don't understand Bitcoin, but are somehow here to fix it.
Yet, somehow, here we are. A $1T asset.
Bitcoin has been the best thing I could have poured my life into over the last 13+ years. Meanwhile, trust in governments and their ability to stop destroying the people and their purchasing power has never been worse in those same 13+ years.
At the end of the day, my advice to you: the Bitcoin journey is a hero's journey. You kill your ego. You surrender the idea that you're the all-knower of the future, the main character, and important enough to matter to this thing. Bitcoin doesn't care what you think and it doesn't need your permission. You either have the balls to build conviction in it or you don't. You built Barstool, you know this. There is no free lunch. Nobody gets paid to show up when things are easy. Life isn't charity. Participation trophies are worthless. Those that end up getting paid do so because they build something that was simply too hard for others.
Nobody has to convince you of anything. You have to convince you. If you believe in the government and their ability to not print away your purchasing power, sell us your bitcoins. If you don't and you think Bitcoin is an idea worth believing in, have some guts.
Your choice. Bitcoin has been and will continue to be successful either way. It's on a journey of its own and it will be there for you whenever you're ready.
Everyone whining that “Bitcoin has lost its way” because of Blackrock or Trump are fucking morons.
Bitcoin hasn’t changed. They’re bending the knee.
You thought that Bitcoin was going to radically change the world but wouldn’t touch politics or financial institutions?🤦♂️
they’re not jobs if they’re not valued. they’re not valued if there aren’t customers out there willing to pay them for their great work. needing the government to “create” a job is tantamount to welfare and that level of welfare resolves these individuals to a dependency on the government and lack of economic mobility. and chains our people, collectively, to a more indentured future.
you may be well intentioned but you have, and always will, fail to see the destitute folly of government as a job creation engine.
i have tried to engage you on this topic, in good faith, with empiricism and reasoning, but you have only dodged my points and pivoted to some populist refrain about the importance of taxation and the evils of productivity-driven success.
i can only assume you’re dodging these truths because you and the rest of the politburo leadership have deemed the conversation unsafe speech and put your oligopoly at risk.
let’s leave it at that then.
perhaps if your ways get their day, we can all bask in the glories of the dark ages ahead.
Hey Jasmine…
Black pilot here.
I think you missed the plot.
Then again, that’s becoming a pattern.
I graduated from West Point.
I went through Army flight school.
I learned to fly the AH-64 Apache.
I deployed to combat and flew 55 combat missions over Baghdad.
Nobody handed me a cockpit because of my skin color.
Nobody lowered the standards for me.
Nobody looked at me and said, “Let’s check a diversity box.”
That’s what people like you don’t seem to understand.
Suggesting that Black pilots, Black engineers, Black doctors, or Black leaders need special preferences to succeed is not empowering, it’s insulting.
I didn’t want a different standard.
I wanted the same standard.
And when you’re flying into combat, the American people don’t care what race the pilot is.
They care whether the pilot is qualified.
Merit isn’t racist.
Excellence isn’t discriminatory.
And reducing every achievement to skin color says far more about your worldview than it does about mine.
I'm a huge fan of most Bloomberg content but this opinion article by @matt_levine is really bad. I respect most divergent opinions but it's written either as propaganda or from the perspective of someone who has never actually sent a bitcoin transaction.
For example:
"So if you send someone Bitcoin to pay for something, there will probably be a typo in the address and the person won’t get it and you’ll have to send it again and your first payment will just be permanently lost."
Usually you copy it, not type it. And there are checksums in a bitcoin transaction. It's pretty hard to mess up, kind of like IBAN. It's designed well. "Probably" implies the majority, whereas a true mess-up would be a tiny minority. This is neither journalism nor serious opinion.
And then I get to this line and have to double-check to make sure I'm not accidentally on The Onion:
"The third classic problem is that, if you are using Bitcoin to pay for goods and services, there is a good chance that you are paying for something illegal, and Bitcoin payments are traceable. So if you send someone $16,000 worth of Bitcoin to buy a $16,000 thing, (1) some of your money will go missing in transit, (2) the Bitcoins you send won’t be worth $16,000 and you’ll have to send some more, and (3) the $16,000 thing was a murder and now you are in prison."
He then went on to describe where someone hired a hitman for $8k and accidentally sent it to the wrong address and had to do it again. I mean... okay. Way to find the fringe idiot as though that's standard.
I had to double-check that this article wasn't from 2012, because it's a weird set of fringe-cases presented as normal.
It's like saying "You want to pay for something in cash dollars? They're covered in cocaine and you're likely paying for a mob hit. Let me tell you about this guy that..."
Bitcoin is just global open-source money. There are 160+ currency jurisdictions in the world and many of them rapidly dilute their peoples' money and censor their peoples' transactions. Bitcoin is an emerging alternative for them.
10 years ago, bitcoin was at $600.
Most Bitcoiners then would've taken $60k BTC in 2026 in a heartbeat.
It was unclear if bitcoin would survive, let alone thrive.
Bitcoiners worried about scalability, hard forks, and governments banning it.
We've come a long way since.
Bitcoin is the greatest invention of our lifetime.
It’s the first truly free market in human history.
No government sets the price.
No central bank manipulates the supply.
No politician can print more when they screw up.
Just millions of people voluntarily agreeing on what money is worth.
Which is exactly why the people who control money hate it.