Luke

5a06c527a19e637868ec75cdeef3889d97bbdff94056d6c0b34e8563b39b965e

[stablenomics @stablenomics]

https://t.co/PDotABGiUy

[DHH @dhh]

The EU Chat Control proposal would be a catastrophe for Europe. It would seal Europeans behind a new digital Berlin wall, cut off from Signal and other e2e messengers. It's embarrassing and dangerous that it's gotten this close already. Time to bail to back to sanity.

[Jason Fried @jasonfried]

Avoid anxiety peddlers. It may feel like a good deal, but you're always getting ripped off.

[Luke @lukchtp]

@RyanJones AI will replace also senior engineers. It will just happen a bit later.

[Luke @lukchtp]

@awawat Looks like everyone

[Luke @lukchtp]

@reddit_lies

[Luke @lukchtp]

@NoContextHumans wondering where would Chinese boxing robots place in this ranking

[Nassim Nicholas Taleb @nntaleb]

Powerpoint slides; consultant bullshit by people who never really earned a living amd don't know this is bullshit.

[Dylan O'Sullivan @DylanoA4]

Norm Macdonald was a singular soul

[nic carter @nic_carter]

Deepseek just accelerated AGI timelines by 5 years. So focus on the gym. Knowledge work is obsolete. Muscles are all that’s left

[Kraken @krakenfx]

Dear Ross,

All of us at Kraken want to make sure that after what you've been through, you're able to land on your feet with the support of the community that loves you most, the ₿itcoin community.

That's why we've donated $111,111 in $BTC to YOU

-Kraken

[David @EffortCapital]

Remember @Polymarket?

The general consensus was that post-Election volume would fall off a cliff and it would fade into irrelevancy.

The reality?

Yes, total volume fell by 50%+ after the election, but sports betting volume as grown 25x in Q4 and is now the largest market on Polymarket.

Theres a chance with NFL playoffs + SuperBowl around the corner we see total volume eclipse prior highs.

No token (yet). Just organic, grassfed, certified USDA PMF.

Watch this space.

[Nassim Nicholas Taleb @nntaleb]

If you're smart, wealth can buy you the lightness of absence of schedule & the ability to modulate your day to surprises as they come.
If you're stupid (like most rich pple), wealth buys you the prison of a rigid schedule, metastatic obligations, & self-feeding complications.

[Jeff Tiller @tillerx_]

Paul Krugman is retiring from the
@nytimes. Let's revisit his greatest crypto/tech hits 🧵

✅ 1/29/18: "Bubble, Bubble, Fraud and Trouble - It's a mania! It's a cult! It's Bitcoin!"

[db @tier10k]

Enron (yes that one) is relaunching to 'solve the global energy crisis' with decentralized technology and is teasing some token

[David Marcus @davidmarcus]

How Libra Was Killed.

I never shared this publicly before, but since @pmarca opened the floodgates on @joerogan’s pod, it feels appropriate to shed more light on this.

As a reminder, Libra (then Diem) was an advanced, high-performance, payments-centric blockchain paired with a stablecoin that we built with my team at @Meta. It would’ve solved global payments at scale. Prior to announcing the project, we spent months briefing key regulators in DC and abroad. We then announced the project in June 2019 alongside 28 companies. Two weeks later, I was called to testify in front of both the Senate Banking Committee and the House Financial Services Committee, which was the starting point of two years of nonstop work and changes to appease lawmakers and regulators.

By spring of 2021 (yes they slow played us at every step), we had addressed every last possible regulatory concern across financial crime, money laundering, consumer protection, reserve management, buffers, and so much more, and we were ready to launch.

We had worked on a slow rollout of a limited pilot that some members of the Fed’s Board of Governors were supportive of. At last, Chair Jay Powell was ready to let us move forward in a limited way. The story, as I heard it, is that Jay Powell was told by Treasury Secretary Janet Yellen at one of their biweekly meetings that allowing this project to move forward was “political suicide,” and she would not have his back if he let it happen. I wasn’t in the room when this conversation happened, so take these words with a grain of salt, but effectively this was the moment Libra was killed.

Shortly thereafter, the Fed organized calls with all the participating banks, and the Fed’s general counsel read a prepared statement to each of them, saying: “We can’t stop you from moving forward and launching, but we are not comfortable with you doing so.” And just like that, it was over.

One essential point is worth making here. There was no legal or regulatory angle left for the government or regulators to kill the project. It was 100% a political kill—one that was executed through intimidation of captive banking institutions. That was the hardest part of this story for me personally. Not that we had failed, but that America, this country I immigrated to and became a proud citizen of because of its rule of law and value system, behaved in such a way for political reasons. It was a very tough pill to swallow.

The bright side of the story, though, was the many learnings from this wild ride. By the end of the project, we had made so many concessions to get a thumbs-up that the whole design of the network became a Frankenstein of our initial ambitions.

We also learned the biggest lesson of all, which is that if you’re trying to build an open money grid for the world—eventually moving trillions of dollars a day, designed to be here 100 years from now—you have to build it on the most neutral, decentralized, unassailable network and asset, which, hands down, is Bitcoin.

And now this is what many of us who went through this scarring journey are building together at @Lightspark. And this time, we won’t stop until we get it done!

[Alex Tabarrok @ATabarrok]

The entire AML/ KYC apparatus should be dismantled and scrapped. It does not befit a free people.

[Meb Faber @MebFaber]

Investing quote of the day via @morganhousel:

[hagaetc @hagaetc]

So I tried to build a tech company from Norway and here’s what happened:

1. Two years of building without almost any money/funding, better part of a year without salary
2. Raise VC and become one of Norway’s first unicorns
3. Face unrealized gains wealth tax bill of many x my annual net salary. ofc the company is loss making and all the investors have preference shares so I can’t take out any money.
4. Call out publicly that this does not make sense. Independent of level, taxation needs to happen when you actually make money.
5. I move to Switzerland because no politician cares/listens.
6. I still don’t get any tangible and sensible answers to my criticism of unrealized gains tax, BUT I do get put up on the “wall of shame” at the socialist parties offices…

I’m Norwegian and I love Norway but the socialist politicians are taking the country down a dark path. It’s a real life Atlas Shrugged.

[Wazz @WazzCrypto]

RIP BOZOS