A lot of people have asked me if I will get involved in the NYC mayor race by supporting a candidate that can defeat Zohran Mamdani. TBH, I’m torn and undecided. Like every other city run by democrats, NYC is a broken kleptocracy. Taxes are astronomical and services are pathetic to nonexistent. Anarchy and socialism are the next logical steps in this story arc. It's what the people of NYC have been asking for for years and it looks like it's what they are about to get. Trying to fight against this tide seems like throwing good money after bad.
It appears things will have to get worse in NYC before they get better. The Zoomers and Millennials need a refresher on the outcome of Marxism and socialism. They are too young to remember the crack and crime epidemic and murder sprees of the late 80's and early 90's. The squeegee men, graffiti, mugging, lawlessness, chaos, and pandemonium. Streets that were too unsafe to walk alone at night or even during the day. Getting mugged on the way to and from school was not just a rite of passage, it was an inevitability.
The Wall Streeters, financiers, and hedge funders have been too busy working on their fishponds and climbing the rungs of polite society to remember to protect the system that allowed them to achieve their success in the first place and allowed New York City to once become the greatest city in the world. Not ruffling feathers was more important than questioning the ideological insanity being taught in the private schools and universities that they sent their kids to. All that mattered was fitting in and getting invited to the right dinner parties.
Now their kids are indoctrinated NPCs, always protesting and supporting the current thing. Like their parents, they too want to fit in. To do so, they unironically exchange bromides and platitudes on the benefits of socialism over rosé brunches in the West Village. Because their friends hate America and capitalism, they do too. It never dawns on them that their lifestyle and studio apartment that their parents subsidize are all made possible because of capitalism.
This delusional thinking was ingrained in them at an early age by institutions that were captured by insane ideology and left unchecked by their grossly negligent parents. Instead of providing their children with immunity from stupid and provably bad ideas that have only led to misery and death throughout history, these parents shrugged it off as kids will be kids.
Now these kids are adults who can vote, but are totally unequipped to do so. In many ways it’s not their fault. From their parents, they learned some combination of magical thinking, preference falsification, and an inability to stand up for anything greater than themselves. As a result, they never learned how to think critically or independently. They never learned the value of Western civilization so they don't understand why, or know how, to fight for it.
Sometimes the only way to learn something is to learn it the hard way. Sometimes the only way to learn the value of what you have is to lose it. If that’s the case, Marxism and socialism might just be what the doctor ordered.
Excited to learn more. Still forming an opinion on asset allocation, but my current thinking is:
1. Just Bitcoin would probably be the best option - simplest, and clear story as successor to gold
2. If folks wanted more variety, you could do a market cap weighted index of crypto assets to keep it unbiased
But probably option #1 is easiest
Hot Sunday take: Solana has been a net negative for crypto
It enabled the massive FTX fraud
AND
It enabled the mass creation of tokens by removing the cost (barrier to entry) thus allowing the massive capital dilution we’ve seen
BONUS
Only cabal groups make money on that chain
I just called the mother of Ross William Ulbright to let her know that in honor of her and the Libertarian Movement, which supported me so strongly, it was my pleasure to have just signed a full and unconditional pardon of her son, Ross. The scum that worked to convict him were some of the same lunatics who were involved in the modern day weaponization of government against me. He was given two life sentences, plus 40 years. Ridiculous!
Donald Trump Truth Social 07:00 PM EST 01/21/25
Biden Admin has contacted Apple and Google and told them remove TikTok from the App Store on Jan 19th
🚨 Congressman Michael McCaul who wrote the TikTok Ban Bill invested $1.15 Million into META AFTER writing the Bill
- On March 3rd, he authored the TikTok Ban Bill
- On March 22nd, he invested $150,000 in META
- On the 26th, he invested another $150,000
- On the 28th, he invested another $150,000
So about three weeks after writing the TikTok Ban Bill, this man invested $450,000 in TikTok's competitor.
Oh, and then what did he do once he saw his TikTok ban was gonna be included with all the Ukraine funding:
- Well, on April 1st, he invested $350,000 more in META, followed by the fifth where he invested that again.
Then about a week later, of course, he voted yes on the bill he wrote.
So within the span of 40 days, this dude wrote the TikTok ban bill, proceeded to invest $450,000 in the competitor, and then invested another $700,000, taking his total investment and META at a $1.15 million.
And then he voted yes. Now, obviously the word most people are using here is suspicious, but the word we should be using is criminal.
This man wrote the f***** bill to ban TikTok, proceeded to invest more than a million dollars in its competitor, whose stock will skyrocket if TikTok actually gets banned, and then voted on the bill to ban it.
Are you paying attention yet?”
I think one of the most interesting moments of the podcast with @johnfetterman was when we were talking about immigration. I think everyone should understand exactly what is happening.
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I dumped a live Ethereum contract into GPT-4.
In an instant, it highlighted a number of security vulnerabilities and pointed out surface areas where the contract could be exploited. It then verified a specific way I could exploit the contract