DMac

engineer & attorney | asymmetrical risk taker | occasional shitposter | NFA & NLA | DYOR

[Nic @puckrin]

Let's be real guys.

If the president didn't drop 2 memecoins & grift 2.2B from the industry, CLARITY would already have been signed.

[DMac @dm_a_c]

It’s crazy that for most of my life the pizza industry had a near monopoly on food delivery

[Will @WClemente]

Main focus personally from here to EOY is getting allocated to Bitcoin again in a very meaningful way. Had fun with gold/silver breakouts last year & did pretty well with equities this year, but mostly from momentum & think less easy from here, esp w all of CT trading there now.

[DMac @dm_a_c]

damn he’s almost getting Dillon Brooks money

@JayT23
@dillonbrooks24

[Ian Rapoport @RapSheet]

The #Colts and star RB Jonathan Taylor have agreed to terms on a big-time 2-year, $44M extension, per me and @AdamSchefter. $47M is the max with $39M guaranteed.

The largest 3rd contract for a RB ever and one of the highest paid ever. Deal done by @malkikawa of @FirstRoundMgmt.

[DMac @dm_a_c]

that leaves one day to go unless @LeaderJohnThune postpones the summer recess

[Coin Bureau @coinbureau]

🇺🇸JUST IN: The CLARITY Act is not included on the U.S. Senate's legislative schedule for Thursday, August 6.

The bill is not expected to be considered during today's Senate session.

[DMac @dm_a_c]

@chriskapilla @AdamBLiv Adam is the man

[DMac @dm_a_c]

I may be the only one that actually backs $MSTR recent moves.

Buying back $STRC under $100 is accretive to $MSTR shareholders.

Building the cash reserve gives a multi-year dividend runway for preferreds.

Selling some $BTC in the open market provides signals to rating agencies.

[Michael Saylor @saylor]

When I say “Never Sell Your Bitcoin,” I speak as one saver to another. I have never sold mine. Not one satoshi. Strategy is a public company, not my wallet. Since 2020, it has disclosed it may buy or sell $BTC to manage capital. Our shared conviction in Bitcoin remains unchanged.

[DMac @dm_a_c]

It is do or die time. This week or bust imo.

[Ran Neuner @cryptomanran]

I suspect the Clarity Act will pass soon. Just in the nick of time...

[DMac @dm_a_c]

the fatigue of seeing these weekly is real

[unusual_whales @unusual_whales]

BREAKING: Drafts of potential US-Iran agreement are ‘being circulated,’ Qatar says, per CNN

[Brian Armstrong @brian_armstrong]

The CLARITY act represents a ton of bi-partisan work to finally establish clear rules for crypto in America, which 70% of Americans say we should already have.

Whether people love crypto or hate it, there is broad consensus that we need clear rules to protect consumers, give new tools to law enforcement to stop bad actors, and to bring crypto within the U.S. regulatory perimeter so it stops going offshore where we have no control.

The bill even contains many pages of new authorities for banks to integrate stablecoins and crypto and grow their business, which we strongly support. This is about America getting back to winning, and remaining strong as a financial and technology hub, to create economic growth, jobs, and tax revenue.

This week we get to see who in the Senate represents the will of the people, and will step up to vote YES on this common sense legislation.

[unusual_whales @unusual_whales]

The share of U.S. gross domestic income going to wages and salaries has fallen to 43%, near its lowest level since records began in 1929, per FT

[DMac @dm_a_c]

Getting the $STRC engine turned back on is key for $MSTR.

In a bullish $BTC environment, the $STRC shares allow for $BTC amplification for the common equity shareholder.

Why? $STRC equity claims remain at $100 even as $BTC rises.

Higher $BTC price ➡️ more sats per $MSTR share

[Will @WClemente]

For anyone who went through last week's earnings call, it seems clear that Strategy is shifting towards really focusing on STRC by building a multi-billion $ USD reserve + buying back STRC to try and ultimately get it back to par, which opens up the ability to service outstanding obligations or buy more BTC with proceeds from STRC issuance "at par". This is a shifted approach than just a few months ago, by killing the sacred cow of selling Bitcoin, they've showed willingness/ability to utilize their BTC stack to adjust their capital structure and not get caught in the perceived trilemma of having to choose between BTC/STRC/MSTR. STRC has now turned into a downside volatility short on BTC of sorts, as the major risk to it now is sharp sudden drawdowns that would make the market question its solvency, but for now it appears to be well buffered. Not fully out of the woods yet, but ironically by going ahead and selling some Bitcoin, Saylor has provided some clarity to the market on how they intend to manage their capital structure going forward.

(currently have no position in mstr or strc, dyor)

[Jimmy “Jonesin” Maverick @EXP0SETHEFRAUD]

Yeah bro buying an old house is a fucking nightmare. I’ve never spent so much god damn money to be pissed off fixing shit. Then my wife thinks I’m god damn Bob the fucking builder.

“Oh men are suppose to be handy” fuck you, I grew up playing runescape I don’t know shit about fuck to fix shit.

Oh watch YouTube. Watch a tik tok. God I want to kill myself.

[Brian Armstrong @brian_armstrong]

The US Constitution was the most important political innovation ever, but it's missing two important things:

1) A cap on the growth of government spending
2) A requirement for hard-backed currency

Without them, every democracy drifts toward more debt and eventual loss of reserve currency status (see The Changing World Order). The US is $39T in debt, and adding $1T roughly every 100 days, with interest payments now exceeding the defense budget. There is no mechanism to stop it.

Politicians get elected by promising free stuff using other people's money. Some voters get a benefit today, while the negative impact of the spending goes to future generations who can't vote yet. The incentive structure is broken.

What fixes it? A new constitution somewhere on the frontier (Mars, special economic zones, cyberspace), an amendment that aligns incentives in the current system (politically challenging), or hyper economic growth (AI + robotics + crypto) to outpace inflation.

[Mark Palmer @MarketPalmer_]

Your 30s are for raising a family while growing in your career and settling into a home as you save for retirement and find time and funds to travel and stay involved in your hobbies and be there for your friends' special moments and cooking your own meals while keeping a regular fitness routine and a clean house and still getting enough sleep to function.

[Will @WClemente]

It does seem a little crazy that every day people get sports gambling and prediction market ads thrown in their face all day yet you’re not allowed to invest in innovative private companies. Seems more like more of a way to gate keep deal flow for the wealthy & institutions.

[DMac @dm_a_c]

I disagree.

The right to patent is in the Constitution. Article I, Section 8.

The agreement has always been that in exchange for telling the public how to make your invention, you are granted a limited, time-gated monopoly on the invention.

LLMs don’t change this.

[Mark Cuban @mcuban]

Not filing patents and using trade secrets will become more common. Why ? Because the second you file your patent, every LLM is going to be able to train on it.

Then everyone on the planet can ask for a work around to file a competitive patent.

Your IP is no longer yours the minute you publish it

[Matt Hougan @Matt_Hougan]

Debasement is like the dark matter of finance. You can't quite touch it, but it effects everything.

Once you see it, all the strange stuff we struggle to explain -- like sky-high P/Es, soaring real estate, the struggling middle class, the massive gap between the GDP growth and the growth of househeld wealth ... instantly make sense.