Michael Dh

Bitcoin is not the goal. The life it enables is.

[Elon Musk @elonmusk]

This has my full support.

Jensen is right.

[Mario Nawfal @MarioNawfal]

The Economist: "People loathe you! Do you understand why?"

Elon: "I don't care. The fact that a quarter billion people follow me is that a lot more people like me than don't.

I think a lot more people hate You and the Media more than you realize."

The left is obsessed with identity and image. Smarter people just do not care.

Writer: Oliver

[Michael Saylor @saylor]

Last call.

[NoLimit @NoLimitGains]

Nobody talks about this.

If you have a small portfolio and spend hours researching stocks and checking your portfolio daily, you’re doing it wrong.

You’re working for below minimum wage and you don’t even realize it.

[Jeetu Patel @jpatel41]

I’ve been saying this for months, and the early data is beginning to support it. Five years from now, I believe AI will create more jobs than it eliminates.

That may sound counterintuitive. But the data is proving this theory. Here are some factors worth considering.

AI is exposing new human bottlenecks

When one part of a workflow becomes dramatically faster, the constraint simply moves elsewhere. Organizations then need more people to remove the next bottleneck and capture the value AI has unlocked.

Automation does not eliminate the need for human contribution. It often reveals how much more could be accomplished with it.

AI fluency will become one of the world’s most valuable skills

The emerging divide will not be between humans and agents. It will be between people who are highly fluent with AI and those who are not.

AI-fluent people will not be 10% more productive. In some forms of work, they could be 50x or even 100x more effective. They will imagine better uses for AI, orchestrate agents and apply judgment where machines still fall short.

These people will be scarce and enormously valuable.

Productivity creates demand

The assumption behind mass unemployment is that the amount of work the world needs is fixed.

It isn’t.

When technology becomes dramatically cheaper and easier to create, we do not simply produce the same amount with fewer people. We build more products, start more companies, solve previously uneconomic problems and serve markets that could never be served before.

AI will lower the cost of ambition.

The real risk, therefore, is not that humanity runs out of work. It is that millions of people are not prepared for how quickly the nature of work changes.

The future will likely have more jobs. But they will not be the same jobs, performed in the same way, by people with the same skills.

The imperative is not to protect people from AI. It is to help every person become fluent in it.

[beeple @beeple]

SCAM ALTMAN

[Elon Musk @elonmusk]

@sama We start flying them next year. Maybe you can come see them if your parole officer approves.

After stealing an open source AI charity, you then stole all of Apple’s phone technology! Wow.

What do you plan for an encore? That’s tough to beat.

[EllioTrades @elliotrades]

The US government is spending $7.6 trillion on AI infrastructure by 2031.

Microsoft has $80 BILLION in unfulfilled Azure orders... NOT because of demand, but because they simply CANNOT get enough GPUs, power, or land.

GPUs have a 36-52 week lead time. Blackwell is sold out through mid-2027. TSMC's 3nm wafers have demand exceeding capacity by 3x.

The hyperscalers can't build fast enough.

Enter the NEOCLOUDS. Pure-play AI cloud providers that do ONE thing, and one thing ONLY: rent GPUs.

The neocloud market went from $0 to $25 billion revenue in just 3 years. It's projected to hit $400 billion by 2031.

The biggest question is this: WILL THOSE PREDICTIONS ACTUALLY COME TRUE?

If so, this industry is set to explode.
If not, it may crumble.

Three companies are leading the charge:
$NBIS
$IREN
$CRWV

Along with a slew of small and microcaps:
$BRUN
$WYFI
$SHAZ
and more...

This is the biggest infrastructure buildout since the internet itself.

The last time we saw spending at this scale, it created Amazon, Google, and Meta.

This is the infrastructure layer of the AI revolution. Don't sleep on it.

Timestamps:
0:00 Intro
0:40 The Black Swan
1:20 What is a Neocloud
3:40 Iren Overview
7:15 Nebius Overview
10:22 Corweave Overview
11:26 The Small Fish
12:47 The Black Swan That Wasn't
16:58 Final Thoughts

[Chamath Palihapitiya @chamath]

To our Founding Fathers, thank you for creating heaven on earth 250 years ago.

America has given so many of us everything we have. I, personally, owe her everything in return.

Happy 4th!

[Phong Le @phongle]

Bitcoin is Freedom

I spent the last few weeks in my motherland, Vietnam. The country has transformed since my family escaped in 1978. It is more prosperous, energetic, and ambitious than the Vietnam I left behind. A young population, rising investment, and global aspiration have created extraordinary momentum.

And yet one thing remains clear. For many in Vietnam, the ultimate dream is still America. And if they cannot make it to America, they want to wear American brands, eat American food, listen to American music, and exude American confidence.

My trip to Vietnam reminded me of this, and the World Cup has made it visible on a global stage. America remains not only a country people admire, but a place people still want to reach, represent, and belong to.

The United States remains the land of the free, the Wild Wild West, and the home of the American Dream. Walmart and Waffle House. Boston and Austin. Silicon Valley and Wall Street. A country where people can still rise from welfare to extraordinary success through hard work, ingenuity, risk taking, and some luck.

My family experienced that promise directly. We arrived in America as refugees, sponsored by a Catholic church in Syracuse, New York. We received public assistance, food stamps, and free school lunches. My father worked three jobs. We lived frugally and dealt with poverty and racism. America was not easy, but it was open. It gave us a system where effort, education, entrepreneurship, and perseverance could compound.

This is America. The world still aspires to be like us.
What has made America successful over the last 250 years is not accidental. It is a principled Constitution, geographic scale, abundant resources, and a culture of liberty, capitalism, entrepreneurship, and reinvention. Other nations try to replicate the recipe, but often waver. Interventionism, bureaucracy, corruption, and ego get in the way.

Which brings me to Bitcoin.

Bitcoin is the United States of money. It aspires to do for money what the American Constitution aspired to do for government: create a system governed by transparent rules rather than the discretion of individuals. Built on a principled white paper, digitally enforced scarcity, and proof of work, Bitcoin is digital capital governed by code, energy, and consensus.

But beyond that, Bitcoin is hope.

It provides hope for those who have worked hard for their money and want to protect it from monetary inflation. It provides hope for those born in countries without reliable rule of law or economic freedoms. It provides hope for anyone seeking protection, opportunity, and a form of property that does not depend on geography, politics, or permission.

I was born in the year of America’s bicentennial. Fifty years later, the future of American dominance is being questioned. I have no question. The United States of America is the greatest country in the world.

My life is proof of what America makes possible. I left Vietnam as a refugee, grew up poor in America, built a career through education and hard work, and now have a wonderful wife and three children. That is the American Dream to me. It is not just wealth. It is freedom, family, opportunity, and the ability to determine your own future.

That is also why Bitcoin resonated with me. I found Bitcoin because it reflected the same principles that shaped my life: clear rules, individual sovereignty, property rights, resilience, open competition, and long-term conviction.

America gave my family freedom through a country. Bitcoin offers individuals monetary freedom through a network. One opened the door for me. The other opens a door for anyone, anywhere, to protect the fruits of their labor.

That is why Bitcoin is freedom.

[Michael Dh @dgbhodl]

Hell yes! As a fellow Canadian, I stand behind this heartfelt message to America and Americans. Best country in the world. Bar none.
LFG #250 #murica #birthday
🇺🇸🇺🇸🇺🇸

[Dr Jordan B Peterson @jordanbpeterson]

To the Americans:

I've travelled all over the world. I've familiarized myself with many places, and met many people. And I'm a Canadian, although I’m privileged to reside once again in the States.

And here's something I've noticed, and it’s a key element of America's continuing greatness:

You bloody Americans value success, and you believe in its existence.

This is something that doesn't really happen anywhere else in the world. Even in other free democracies—the United Kingdom; Finland, Sweden, and Norway; Australia, New Zealand and Canada; Germany, France, and the Netherlands (great countries all)—a counterproductive cynicism too often reigns.

Success is equated with exploitation.
Ambition is looked upon with contempt.

This happens sometimes in the United States too—particularly among the miserable progressives, who confuse their resentment, ingratitude and unearned skepticism with wisdom.

But in your great country, by and large, striving is admired and success celebrated.

This means that more people strive and succeed in the US than anywhere else. And it's increasingly obvious. You remain stunningly more innovative and productive than any people anywhere else on the planet.

And so I say, as all should who are fortunate enough to live in the western world, let alone America:

Thank God for the United States.

Thank God for the wisdom of its founders.
Thank God for its faith in the free market and in the natural rights of man.
Happy birthday, you damn Yankees and Southerners.

Long may your admirable country dominate the world.

Long may your freedom and hope provide an example to those suffering everywhere at the hands of their malevolent states.

May your two and a half centuries of unparallelled success be just the beginning.

Your country is the light of the world, and the city on the hill.

Thank God for the USA.

Happy 250th.

Dr. Jordan B. Peterson

[Milk Road @milkroaddaily]

Lyn Alden: We're living through a slow financial collapse. Most people don't KNOW it. But they can FEEL it.

"People kind of look around and say, 'Why does it seem like everything's more expensive? I'm still earning money, but it just doesn't feel like it goes as far.' And a lot of times they're right."

The money supply has been quietly debasing wages and savings in the background for decades.

FT @LynAldenContact @PeterMcCormack.

[Neel Khokhani @neel_epochal]

I've held $IREN since it was Iris Energy at $7 in 2022. Rode it to $1. Kept buying. Averaged $3–4. Today I hold 703,000 shares likely one of the largest private individual positions outside the founders.

So believe me when I say this comes from a shareholder, not a critic:

I am appalled by the compensation package the board just tabled — 9.1 million RSUs each for the Co-CEOs. 18.2M units combined. Roughly 5% of the company. ~$700M+ at current prices.

Time-vested. Not performance-vested. Show up for four years, collect.

@danroberts0101 and Will have executed brilliantly Microsoft, NVIDIA, Childress. And shareholders have already paid them for it: highest-paid CEOs in Australia in FY24, billionaires alongside us on their existing equity.

But a board exists to negotiate on behalf of shareholders, not to ratify whatever retention math a compensation consultant produces. Diluting every owner by ~5% with zero performance hurdles after stripping the performance conditions out of prior PRSUs in 2025 is a governance pattern, not a one-off.

Founders who preach alignment should welcome shareholders who insist on it. @mikealfred @MikePowerX

[Marc Andreessen 🇺🇸 @pmarca]

Self recommending.

[Michael Dh @dgbhodl]

250! HBD America!

[Xiaoyin Qu @quxiaoyin]

American and European enterprises will ditch OpenAI and anthropic and adopt Chinese models. Here’s why:
1. They can host Chinese models under their own GPUs so it’s still compliant and they would argue they have more control.
2. they will post train with their own data on top of Chinese models. That’s how they build data moat.
3. They will not trust anthropic who will retain their data at any time for “safety” concerns like how they did with Fable and then try to build the same thing like how anthropic did with healthcare and legal.
4. They need to justify their AI spend and ROI.
The cure is a reliable America open source model but there is none. After all, if giving away all your data and AI control at the mercy of anthropic and OpenAI means you care about safety and compliance, you are outright stupid.

[Shivon Zilis @shivon]

Happy birthday, rocket man ♥️✨

[Kydo @0xkydo]

🤯 Midjourney -- yes, the AI image company -- just shipped a brand new type of imaging machine. 🤯

- 100x faster than an MRI.
- 10x cheaper.

Full body scanned in 60 seconds instead of an hour in a tube. Ultrasound based, MRI-level resolution.

And it's real -- not a concept, a working machine. You step into a shallow pool of warm water, a ring of half a million sensors sends sound through your body from every angle, and ~60 seconds later you have a 3D map of your insides down to a fraction of a millimeter. No radiation, no tube, no lying still.

They're not even building it as a hospital machine -- they're building a spa. The scan is a side-effect of a place you'd want to hang out anyway.

Lastly, it is built by 9 people. NINE PEOPLE.

You can just do things.

[@stonemountaingrowing @stonemountgrows]

@PeterDiamandis Here’s how I stay optimistic.

Despite both the data and the headlines, Christ is King.

[Michael Saylor @saylor]

Congratulations @ElonMusk and $SPCX on a historic IPO.

Thanks to you, 25% of the Mag8 now holds Bitcoin on the balance sheet.