🚨TRENDING: A Reddit users just found a way to end tanking in the NBA:
- All arena beers start the season at $10 league-wide
- For ever win, teams can sell beer for + $0.35
- For ever loss, teams must DROP beer price -$0.20
If this were in place, Wizards would have to pay fans 10 cents every time they ordered a beer.
Explaining Bitcoin to someone who thinks it's too volatile while they hold a currency that lost 97% of its purchasing power in 100 years is a unique experience.
So, for those trying to catch up...
In the last few weeks:
1. Nick Shirley uncovers massive hospice fraud in CA.
2. Gavin Newsom and his kid staffers on X say it's "fake" and baseless.
3. Today, CBS News and other outlets reported uncovering upwards of $250 million in hospice fraud in CA.
...and Gavin Newsom wants a promotion to POTUS. 🤣
We need to make capital formation way easier for private companies.
There's such high demand for some of the large private companies, it's actually a good example of the unintended consequences of higher regulation. Right now, companies are incentivized to stay public for too long.
Companies stay private for years, and all the money is made by private/credit investors. When they go public, price performance often isn't great. There's no liquid market setting proper valuations early in the lifecycle.
Eventually, you'll be able to go public entirely onchain, which will dramatically lower costs, reduce friction and increase access. Hopefully very soon!