Dawei

嚴以律己，也嚴以待人

[Simon Gerovich @gerovich]

In August 2020, a $1 billion software company put $250 million of bitcoin on its balance sheet. It was the first public company in the world to do it, and most people thought it was a stunt.

Six months later, after the stock had risen tenfold, the same people called it visionary. Less than two years after that, with the stock down nearly 90%, they called it a failed experiment. A gamble that didn't pay. My friend Michael and the people around him were ridiculed for their vision.

Through all of it, only one number moved in a single direction. The company owned more bitcoin at the bottom than it had at the top.

Today it owns 843,775 BTC, worth over $50 billion, and the same arguments are being made again.

The market changed its mind four times in six years. The underlying thesis did not.

Study the greatest investors and entrepreneurs and this is always where the asymmetry sits: in the one thing everyone needs, almost nobody understands, and most people have already written off. $BTC

[Dawei @kaodawei2]

@patrickbetdavid Absolutely and some people just don't understand (or maybe they do?)

[Patrick Bet-David @patrickbetdavid]

Raising the minimum wage helps billionaires.

None of those companies pay minimum wage!

It’ll have 100% impact on small businesses that can’t afford to pay like Fortune 500 companies can.

46% of 🇺🇸 work for small businesses.

Socialist policies destroy small businesses.

[Dawei @kaodawei2]

@phongle Those remaining 71%💪>

[Dawei @kaodawei2]

@Sp1cytrenches @Strategy Then you short the shit out of it

[Krzysztof Szczawinski 🇵🇱 @Kristof_Poland]

America was not inherited. It was designed.

This is the most important difference between the American political system and every European one – and it explains almost everything about how they behave differently under pressure.

The European systems are the accumulated result of centuries of people grabbing, protecting, and occasionally reforming their privileges. The castle became the parliament. The knight became the aristocrat became the bureaucrat. The physical hierarchy of the medieval order dissolved slowly into the institutional hierarchy of the modern state – but the direction of power never fundamentally changed. It flows downward. The state is the source. The citizen is the recipient. Rights are granted, regulated, and can be revoked. The government rules. The people, from time to time, get to choose which version of the ruling class they prefer. But not too much.

America reversed the direction deliberately, constitutionally, and in writing. Power flows upward from the citizen. The government does not grant rights – it is created specifically to protect rights that exist before it and above it. The Bill of Rights is not a list of things the government allows you to do. It is a list of things the government is forbidden to touch. The distinction is not semantic. It is civilizational.

The founders had read their history. They designed against the accumulation of power: separation of powers, checks and balances, federalism, the armed citizen as the ultimate check on all of it. Not a perfect system. A system designed to be imperfect in a specific way – to make the concentration of power difficult, slow, and visible.

Europe reformed its inherited systems. America built from first principles. The European instinct was to trust the institution. The American instinct is to limit it. The gun is the symbol of the difference – not as a weapon but as a principle. In America, the citizen is armed because the citizen is sovereign. In Europe, the citizen is disarmed because the state is sovereign. Everything else follows from that single difference in the direction of power.

[Dawei @kaodawei2]

@newstart_2024 Key point: somewhere in the middle

[Camus @newstart_2024]

Jordan Peterson on why “good kids” who never break rules can end up worse off.

Lots of teenagers today don’t drink at all. On the surface that looks positive. But if the reason is zero friends and sitting miserable in a basement, it’s not progress.

He referenced Nietzsche: most morality is cowardice, people too timid to act who then dress up their fear as virtue. The kids in his high school who never touched alcohol weren’t always “good.” Some were simply inhibited.

The data point he raised: adolescents who never break any rules face higher later risk of depression, anxiety, and dependent personality patterns. Those who break every rule often land in serious trouble. The developmental sweet spot sits somewhere in the middle, enough exploration (even risky) to build capacity without total chaos.

Not a call to delinquency. A call to avoid both extremes.

[Dr Jordan B Peterson @jordanbpeterson]

How does a country make itself safe and productive?

Great Britain did it with Christianity—and by executing or imprisoning the worst males in every generation for hundreds of years.

By the 1960s, the country was so civilized that policeman carried nothing but a nightstick, everybody queued without a second thought, and newspaper boxes were left unlocked on the high street.

Britain had become a so-called high trust society — less euphemistically, an honest society.

Something similar—without the Christianity—transpired in Japan.

What happens to such a country if it forgets how difficult that was to attain?

The Brits found out. And then denied it.

https://t.co/xbdCHNknd3

[Dawei @kaodawei2]

@cz_binance Bear of course

[Dawei @kaodawei2]

@elonmusk Holy shit

[gomi @parveen__tyagi]

Jordan Peterson on the 7 domains that give life meaning:

1. Most people want an intimate relationship. don’t just hope for one. define what it would actually look like. picture an ordinary dinner with the people you love. if you’re going to have 10,000 dinners in your lifetime, you might as well get them right.

2. Put your family in order. listen to them. repair what can be repaired. if someone refuses every attempt at communication, walk around them. but don’t neglect the relationships that can be saved. making your family a priority has cascading positive consequences.

3. Surround yourself with people who celebrate your successes and genuinely support you when life gets hard. if someone keeps pulling you down while you’re trying to aim higher, it may be time to let them go. choose friends who encourage your growth instead of rewarding your excuses.

4. Whether it’s a job or a calling, have a plan. become the kind of person employers want to bet on. learn new skills, improve your resume, prepare for opportunities, and keep putting yourself out there. people become successful every day. one of them could be you.

5. Never stop developing yourself. keep learning. stay on the edge of your abilities instead of settling into comfort. invest in your education so you’re always becoming more capable than you were yesterday.

6. Treat yourself like someone you’re responsible for. take care of your body and mind. don’t let your habits or temptations decide the direction of your life. decide the kind of person you want to be, then build habits that move you toward that person.

7. Develop a vision for your life. if you don’t write your own story, you’ll become a character in someone else’s. without a clear aim, you’ll be driven by your impulses or by other people’s expectations. a meaningful life begins with deciding what you’re aiming at.

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

Signpost. @LukeGromen
Add in Bessent recent comments…..

[Johan @liebert_2026]

why Naval deleted his calendar, ghosts everyone, and refuses to be anywhere at a specific time

Naval: "I read a blog post by Marc Andreessen where he said don't keep a schedule. And I took that to heart. So I deleted my calendar and I don't keep a schedule. I try to remember it all in my head. If I can't remember it, I'm not going to add it."

"I have a nasty email autoresponder that says, I don't check email and don't text me either. If you need to find me, you'll find me."

"My wife knows not to ever book or schedule me for anything. I'm not expected to go to couples dinners. I'm not expected to go to birthdays. I'm not expected to go to weddings. If somebody tries to rope her into having me show up, she says he makes his own decisions. You got to ask him directly."

Chris: "Are you not killing serendipity in a way?"

Naval: "No. I'm freeing up all my time. So my entire life is serendipity. I get to interact with whoever I want, whenever I want, wherever."

[Milk Road @milkroaddaily]

Lyn Alden: The US runs ~7% annual money supply growth historically.

With ~3% productivity growth offsetting it, you land around 4% price increases on average - but they won't be evenly distributed.

"You get more productive at making plastic toys and TVs than you get at mining new gold."

AI keeps a lid on white-collar service costs...

Meanwhile, things you can't make more of - Bitcoin, gold, waterfront property - absorb the excess money creation disproportionately.

FT @timevalueofbtc @LynAldenContact @TheBitcoinLayer.

[Adam Back @adam3us]

#bitcoin passes $63k 200wma https://t.co/Ac93xIjFFQ

[Dawei @kaodawei2]

@MrBeast Of course stop aging

[vitalik.eth @VitalikButerin]

In the previous wave (calculators and computers), many people thought "well if AI can solve hard things like 10x10 digit multiplication and quadratic equations so much better than humans can, then surely it will very soon also do easy things like telling a cat from a dog". As it turned out, they were wrong. This time, we're seeing the same argument replay - except this time there's much stronger arguments for the "LLMs plus a few more improvements can do everything" side, we just don't know yet if those arguments are strong enough that that will turn out to be true.

I feel like the utopia that "AI acceleration optimists" have in mind comes from a position of confidence that, while current wave of LLMs + agents unlock many new capabilities, there is still a significant range of capabilities that will stubbornly resist them, just like happened with the industrial revolution, and then with calculators and computers.

If this is true, then the next AI era will be amazing: every foot soldier becomes a manager, and every manager becomes a general. Tasks like strategic thinking, creativity, reasoning demanding emotional intelligence, other tasks that are not a good fit for the "define it through billions of examples" approach, historically the domain of powerful leaders, will become what *everyone* is doing. And we will almost certainly get wonderful things like very cheap food, vibe-coded 3D-printed big houses (in cities or in nature) for everyone, cures for all diseases and aging, while the world remains fundamentally a recognizable place, with recognizable political and economic structure, and a recognizable leading role for human agency.

My concern is that I am simply not certain that there actually is a significant range of human capabilities that will stubbornly resist LLMs plus the various attachments to them that we will continue to figure out. The utopia story might be true, it might not. There's a big gamble we're taking on the future.

[Dr Jordan B Peterson @jordanbpeterson]

We think of this evil as Marxism. In reality, Marxism is nothing more or less than the current instantiation of a much more ancient evil: possession by the envious and hateful spirit that drove Cain to murder his brother Abel.

The great book of Genesis thus portrays mankind as riven by an eternal fratricidal conflict.

Those who reject genuine sacrifice become embittered by their subsequent failure ("rejection by God").

Instead of repenting and changing, they turn to revenge.

And who do they target? Those who strive to do well and offer what is best.

I can't believe how much wisdom the author of Genesis 4 compressed into that story's few sentences. You might even come to believe that God Himself had a hand in it.

Truly: it's uncanny. The first two human beings born into history are, respectively, a good, honest productive man and his brother, who allows himself to be consumed by resentment and the desire to destroy.

Communism, in a nutshell.

[Andrew McCarthy @AJamesMcCarthy]

This feels like a scene out of a sci-fi movie but it’s just my drive to work this morning