JSchu

#bitcoin

[JSchu @j_schu]

Interest payments on debt swallowed up ~6% of the federal budget for 2015. And this at historically low rates... https://t.co/kRll8bRaRi

[Peter Schiff @PeterSchiff]

#Trump admits on #CNBC the Fed can't raise interest rates without destroying the economy as America has too much debt to afford the hike!

[James Lavish @jameslavish]

As the 10 Year US Treasury yield explodes higher, pay close attention to what new Fed Chair Warsh and other officials say in the coming days and weeks.

Why?

1. The 10 Year is the benchmark for just about all consumer borrowing rates in the US, including credit cards, auto loans, and mortgages.

2. The Fed controls the overnight rate by voting on the Fed Funds Target. But the 10 Year is set by the bond market itself. Buyers and sellers voting on inflation, credit risk, and Treasury supply in real time.

3. To keep consumer rates from following the 10 Year higher, the Fed has one tool left in the kit. Print money and buy the bonds themselves to force yields lower. Yield Curve Control.

And that is what drives excess money supply and the next leg of asset inflation.

Their words, and any fancy new acronyms, will be your first clue.

[Luke Gromen @LukeGromen]

"Professor, don't you find it curious that a new US-Iran peace deal leaks almost every time the 10y UST yield breaks 4.4% on the upside?"

"Actually, if I think about it, I don't find it curious at all."

[one dozen rats at a keyboard @PanasonicDX4500]

VIROLOGIST: “It’s bizarre, Hantavirus almost never jumps from human to human like this. Usually it’s from coming into contact with rat feces or something.”

CRUISE SHIP CHEF: “Yeah, that’s crazy, it must’ve mutated or something.”

[Lawrence Lepard, "fix the money, fix the world" @LawrenceLepard]

Hey Sec. Bessent, how we doing?

[Magnetic Norse @MagneticNorse]

This guy’s truck has a license plate that trips Flock cameras. He’s pulled over incessantly because police get notified that a car in the area has a warrant.

He doesn’t have a warrant. Neither does his vehicle.

Apparently Flock cameras can’t tell the difference between an O and a 0 so they put a warrant out for both plates.

Are you feeling surveilled yet?

[Zach Rynes | CLG @ChainLinkGod]

Look guys, it's actually really straightforward, a bunch of people staked their ETH on the Ethereum blockchain to earn yield, except they didn't want their capital to be locked up, so they actually staked with a liquid staking protocol called Lido who provided them a liquid staking receipt token called stETH, except they decided to juice their yield further by depositing their stETH receipt tokens into a restaking protocol called Eigenlayer, except they didn't want to lock up their capital, so they actually restaked with a liquid restaking protocol called KelpDAO who provided them with a liquid restaking receipt token called rsETH, except they decided to juice their yield further by depositing their rsETH tokens into a lending protocol called Aave so that they could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero that was hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry

[TFTC @TFTC21]

A security researcher just documented a large-scale counterfeit Ledger Nano S Plus operation selling compromised devices across multiple online marketplaces.

The fake units look identical to the real thing but contain completely different hardware. Instead of Ledger's secure element chip, the counterfeits run an ESP32 microcontroller with modified firmware labeled "Nano S+ V2.1." Seeds and PINs are stored in plain text and transmitted to attacker-controlled servers. Any wallet initialized on the device is drained.

The operation goes beyond the hardware. The sellers also distribute a fake version of Ledger Live built with React Native and signed with a debug certificate. It intercepts transactions and exfiltrates sensitive data to multiple command-and-control servers. The campaign spans five attack vectors: compromised hardware, Android APKs, Windows executables, macOS installers, and iOS apps distributed through TestFlight to bypass App Store review.

This comes days after ZachXBT documented a separate fake Ledger Live app that made it through Apple's Mac App Store review process. That operation drained over $9.5 million from more than 50 victims, including musician G. Love, who lost 5.92 BTC after entering his recovery phrase into what he believed was the legitimate app.

The pattern is clear: the attack surface for hardware wallet users has shifted from firmware exploits to supply chain and distribution fraud. The devices themselves remain secure. The problem is that users are being intercepted before they ever touch a real one.

Ledger's own "genuine check" feature can be bypassed when the hardware itself is compromised at the source, which makes where you buy the device as important as how you use it.

The rules haven't changed, but they've never been more important: buy hardware wallets only from the manufacturer. Never enter your recovery phrase into any software. If a companion app asks for your 24 words on a screen, it's a scam. Every time.

[Lyn Alden @LynAldenContact]

Jeff Booth posted this over on Nostr.

What's going on lol.

[JaguarAnalytics @JaguarAnalytics]

Just curious. Does Congress need to approve anything before wiping out a civilization? Or, have we transitioned from 3 branches of government to 2?

[Count Dankula @CountDankulaTV]

The Afroman Trial.

-Cops raid Afromans house for bullshit reasons.
-Steal money, break his door, fuck his house up.
-No criminality found whatsoever, no charges at all pressed on Afroman.
-Afroman spends the next 3 years making songs that make fun of all the officers involved by name, even using footage of the raid from his own CCTV cameras.
-Songs had titles like "Randy Walters is a son of a bitch" and "Lick Em Low Lisa" accusing one of the officers of being a lesbian and sleeping with the other officers wives.
-During the raid one officer looked like he was about to eat some lemon pound cake sitting on Afromans counter, Afroman made a whole album calling the officer fat.
-The cops get mad and file a lawsuit for defamation.
-Afroman turns up to court in a whole American flag suit.
-Officers performatively mald and cry while listening to the songs really trying to oversell how badly the songs upset them.
-One officer was suing because Afroman made a whole song about him saying he was fucking the officers wife. When the officer was asked if Afroman was really fucking his wife, he said "I don't know". Nuking his own case and establishing that there is a non-zero chance that Afroman might actually be fucking his wife.
-As his only witness for the trial, Afroman brought a deputies EX FUCKING WIFE.
-The jury ruled completely in favour of Afroman.

This entire thing has been a great win for free speech and absolutely fucking hilarious.

[Jake Johnson @JakeJohnsonMN]

Imagine being a congressman from Minnesota and caring so little about what’s happening here that you just copy and paste talking points.

If you’re not writing your own statements and you’re not holding town halls, what exactly are we paying you for?

[Boring_Business @BoringBiz_]

I will keep pounding the table on this because people don’t realize how bad it is

We are actively destroying family formation and upward mobility of people in their 20s and 30s just to make boomers happy

They are already the wealthiest generation by far. They already make up the majority of the political class

But it is still not enough
> more money printing that benefits the asset holders at the expense of savers
> more regulations that prevent new housing construction at the expense of new homebuyers
> more tax cuts that transfer wealth from the working youth to the idle old
> more deficits and national debt that the younger generation will have to bear the burden for

The youth no longer believe in a capitalistic system because their elders have taken it as hostage for themselves

The youth no longer have skin in the game of society. A generation with no stake in the system would rather watch it burn

[signüll @signulll]

if you’ve seen idiocracy, watching $900k nyc dink couples spreadsheet themselves out of having kids feels less like irony & more like foreshadowing.

[Tahmineh Dehbozorgi @DeTahmineh]

The Western liberal media is ignoring the Iranian uprising because explaining it would force an admission it is desperate to avoid: the Iranian people are rebelling against Islam itself, and that fact shatters the moral framework through which these institutions understand the world.

Ideally, to cover an uprising is not just to show crowds and slogans. It requires answering a basic question: why are people risking death? In Iran, the answer is simple and unavoidable. The people are rising up because the Islamic Republic of Iran has spent decades suffocating every aspect of life—speech, work, family, art, women, and economic survival—under a clerical system that treats liberty as a crime. There is no way to tell that story without confronting the nature of the regime.

Western media refuses to do so because it has fundamentally misunderstood Islam. Or worse, it has chosen not to understand it.

Islam, in Western progressive discourse, has been racialized. It is treated not as a belief system or a political ideology, but as a stand-in for race or ethnicity. Criticizing Islam is framed as an attack on “brown people,” Arabs, or “the Middle East,” as if Islam were a skin color rather than a doctrine.

This confusion is rooted in historical illiteracy. Western liberal media routinely collapses entire civilizations into a single stereotype: “all Middle Easterners are Arabs,” “all Arabs are Muslim,” and “all Muslims are a monolithic, oppressed identity group by white European colonizers.” Iranians disappear entirely in this framework. Their language, history, and culture—Persian, not Arab; ancient, not colonial; distinct, not interchangeable—are erased.

By treating Islam as a racial identity rather than an ideology, Western media strips millions of people of their ability to reject it. Iranian protesters become unintelligible. Their rebellion cannot be processed without breaking the rule that Islam must not be criticized. So instead of listening to Iranians, the media speaks over them—or ignores them entirely.

There is another reason the Iranian uprising is so threatening to Western media is economic issues.

As you know, Iran is not only a religious dictatorship. It is a centrally controlled, state-dominated economy where markets are strangled, private enterprise is criminalized or co-opted, and economic survival depends on proximity to political power. Decades of price controls, subsidies, nationalization, and bureaucratic micromanagement have obliterated the middle class and entrenched corruption as the only functional system. The result is not equality or justice. It is poverty, stagnation, and dependence on government’s dark void of empty promises.

Covering Iran honestly would require acknowledging that these policies are harmful. They have been tried. They have failed. Catastrophically.

This is deeply inconvenient for Western media institutions that routinely promote expansive state control, centralized economic planning, and technocratic governance as morally enlightened alternatives to liberal capitalism. Iran demonstrates where such systems lead when insulated from accountability and enforced by ideology. It shows that when the state controls livelihoods, non-conformity becomes existentially dangerous. That lesson cannot be acknowledged without undermining the moral authority of those who advocate similar ideas in softer language.

Western liberal media prefers not to hear this. Acknowledging it would require abandoning the lazy moral categories that dominate modern discourse: oppressor and oppressed, colonizer and colonized, white and non-white. Iranian protesters do not fit. They show that authoritarianism is not a Western invention imposed from outside, but something many societies are actively trying to escape.

That is what terrifies Western liberal media. And that is why the Iranian people are being ignored.

So the silence continues.

[blue @bluewmist]

this morning, while taking my golden retriever for a stroll, i walked past a middle-aged man wearing a sweatshirt that read in big bold print “never stop being kind to people.”

i smiled and said “good morning” to him. he looked at me like i was an alien, said nothing, and kept walking.

i’ve been thinking about this all day. i think it is the perfect metaphor for modern life.

[Lukas (computer) (In SF) 🔺 @SCHIZO_FREQ]

The Epstein files game theory is extremely funny

Whatever's in there is clearly damaging enough to both sides that they both know it can never ACTUALLY be released unredacted

So this means the optimal strategy is for the party who's not in power to troll the shit out of the party in power over releasing them (bc they know they can't actually do it)

"wow just wow. The fact you won't release these files means you're complicit in infinite pedophilia. You can tell I'm innocent though, because I'm strongly pushing for them to be released"

"Uhhh... Didn't you just sit on this for like 4 years without releasing them too though?"

"You are a rapist pedophile, shame on you"

They'll probably cycle back and forth like this for another 2-3 election cycles until all the people implicated in the files are dead or irrelevant and then just release the whole thing uncensored to an audience of people who are at this point too bored to care

[Brooks Otterlake @i_zzzzzz]

In the future you will walk into a coffee shop and use an app to bet $6.50 that no one will make you a cortado in the next four minutes

[Daddy’s Lambeau 🧀 @Daddys_Lambeau]

Once the Bears open their new stadium, the Packers will stand alone as the only NFC North team still playing outdoors.

Football was born in the mud, wind, and freezing temps—not in climate-controlled stadiums.

The NFC North used to be the toughest division in football because Mother Nature was the ultimate home-field advantage. Now everyone else is going soft.

Lambeau Field FOREVER. The rest can have their bounce-house arenas.

#GoPackGo

[Peter Girnus 🦅 @gothburz]

Last quarter I rolled out Microsoft Copilot to 4,000 employees.

$30 per seat per month.

$1.4 million annually.

I called it "digital transformation."

The board loved that phrase.

They approved it in eleven minutes.

No one asked what it would actually do.

Including me.

I told everyone it would "10x productivity."

That's not a real number.

But it sounds like one.

HR asked how we'd measure the 10x.

I said we'd "leverage analytics dashboards."

They stopped asking.

Three months later I checked the usage reports.

47 people had opened it.

12 had used it more than once.

One of them was me.

I used it to summarize an email I could have read in 30 seconds.

It took 45 seconds.

Plus the time it took to fix the hallucinations.

But I called it a "pilot success."

Success means the pilot didn't visibly fail.

The CFO asked about ROI.

I showed him a graph.

The graph went up and to the right.

It measured "AI enablement."

I made that metric up.

He nodded approvingly.

We're "AI-enabled" now.

I don't know what that means.

But it's in our investor deck.

A senior developer asked why we didn't use Claude or ChatGPT.

I said we needed "enterprise-grade security."

He asked what that meant.

I said "compliance."

He asked which compliance.

I said "all of them."

He looked skeptical.

I scheduled him for a "career development conversation."

He stopped asking questions.

Microsoft sent a case study team.

They wanted to feature us as a success story.

I told them we "saved 40,000 hours."

I calculated that number by multiplying employees by a number I made up.

They didn't verify it.

They never do.

Now we're on Microsoft's website.

"Global enterprise achieves 40,000 hours of productivity gains with Copilot."

The CEO shared it on LinkedIn.

He got 3,000 likes.

He's never used Copilot.

None of the executives have.

We have an exemption.

"Strategic focus requires minimal digital distraction."

I wrote that policy.

The licenses renew next month.

I'm requesting an expansion.

5,000 more seats.

We haven't used the first 4,000.

But this time we'll "drive adoption."

Adoption means mandatory training.

Training means a 45-minute webinar no one watches.

But completion will be tracked.

Completion is a metric.

Metrics go in dashboards.

Dashboards go in board presentations.

Board presentations get me promoted.

I'll be SVP by Q3.

I still don't know what Copilot does.

But I know what it's for.

It's for showing we're "investing in AI."

Investment means spending.

Spending means commitment.

Commitment means we're serious about the future.

The future is whatever I say it is.

As long as the graph goes up and to the right.