Richard

Some guy following digital assets, AI and the journey to Mars.

[Richard @RichardToFuture]

Safety first 🎯

[Dillon Loomis @DillonLoomis]

Tesla just uploaded a video about its vision system and how it helps deploy airbags earlier. Rolling out as a software update that will make the cars even safer. More people should know about Tesla's commitment to safety. Not for marketing...for human lives $TSLA

[Richard @RichardToFuture]

Yup.

[Rekt Capital @rektcapital]

#BTC

Bitcoin Bear Market Progress:

▓▓▓▓▓▓▓░░░ 71.0%

$BTC #Crypto #Bitcoin

[Sall Grover @salltweets]

“Some readers will find this uncomfortable. Others will dismiss it as unkind. But here is the undeniable biological fact that underpins this entire debate: the only prerequisite to being a “trans woman” is to be male.”

The op-ed that the ABC refused to publish 👇

[Richard @RichardToFuture]

Unfortunately, this is bang on...

[Ben Robson @brobson_politic]

FACT - Australia's greatest threat is having a bunch of incompetent fuckwits, who have no concept of how an economy works, running the country.

Australia's current governments demonstrate all of the characteristics of South American socialist regimes that destroyed their economies, sent inflation to 300+%, and had the middle-class diving into dumpsters for food.

[Richard @RichardToFuture]

Brilliant summary of the road to hyperinflation, bloated government and national suffering.

May we take a different path 🙏🇦🇺

[Topher Field @TopherField]

An 'exit tax' is a form of Capital Control, and Capital Controls are the final step in the sequence of collapse that I observed from my time in Venezuela.

The steps in very simple form. Remember each step can take on VERY different appearances depending on the details of HOW it's done, but this is the sequence:

1. High taxes so the government can 'help' you with lots of generous programs.
Cost of living skyrockets.

2. Debt funded subsidies to 'help' you with the 'cost of living crisis' because the government 'needs more money' but higher taxes are politically unpopular.
Makes cost of living crisis worse, plus inflation now becomes an issue.

3. Regulation and price controls to 'save' you from being ripped off by the 'evil' private sector's 'price gouging'.
Scarcity kicks in if prices are set too low, and hoarding kicks in if subsidies are set too high. Either way what was 'unaffordable' is now 'unavailable' (think childcare and the like in Australia, in Venezuela it was literally water and food and everything deemed 'essential' and therefore price controlled.)

4. Nationalisation of industries to 'save' us from the 'market failure', which is what government blames for the scarcity they created through their price controls and subsidies. (This often happens earlier in the sequence, but doesn't 'need' to happen till here)
Private capital begins to flee, it's no longer possible to make money, and taxes are such that it's inevitable you will lose it all if you don't get it out.

5. Capital controls either via direct restrictions, exit taxes, or controlled exchange rates (or all 3 in the case of Venezuela).

Capital controls are the final step before physical controls creep in. Often the physical controls are justified on the basis that we need to 'stop wealthy people from leaving with 'our' money'... then it goes from there.

Of course the truth is that wealthy people MAKE money, they CREATE value, and so these countries will forever miss out on the value these fleeing people would have created if only they hadn't been bled dry... but they don't understand that.

I came back from Venezuela in 2015 and I warned about this sequence repeatedly in conferences and online saying: "We're not special, if we do what they did, we'll get what they got."

People laughed, literally in some cases, back in 2015.

Fewer people are laughing now as the UK, Canada, Australia, and many parts of Europe are plodding down this well-intentioned road to hell.

In Australia we're back to 2012 living standards on the OFFICIAL figures, but my figures (with a more realistic inflation base than the official CPI) put us at more like late 1990s living standards, and we've fallen back to that in just 4 years since 2022.

The UK and Canada are on similar trajectories.

The US needs to be careful too, they are also not immune and whilst they've avoided some of these mistakes they're still the most indebted country in history, with the most expensive government in history, and still there are many in the US who would like to make it bigger until it collapses here too.

The solution? A return to fiscal sanity, a cultural rediscovery of the virtue of wealth creation and industry, an end to the politics of envy... and I could go on but already you can see we have an absolute mountain to climb.

People are mocking @GadSaad for talking publicly about this reality, but I can tell you that he's just one of MANY and the countries being left think they're 'winning' because they're extracting these taxes from these wealth creators... and they won't realise how much they're losing till it's too late.

[Nancy Pearcey @NancyRPearcey]

47% of men in the US agree that the fight for women’s equality had gone so far that men are now disadvantaged.

33% of women agree.

"An equal or higher share of men in the following countries also agreed with that statement: Sweden, Holland, Canada, Ireland, Great Britain, Spain, New Zealand, Australia, Belgium, and many others.

--@RichardvReeves, Institute for Family Studies

[Elon Musk @elonmusk]

The scale of what is to come has no precedent

[Sawyer Merritt @SawyerMerritt]

This idea from some people that the government should heavily tax @elonmusk - the world's best capital allocator - and transfer a significant portion of that wealth to the government, one of the worst capital allocators, makes little sense, especially since much of his earned wealth exists because the companies he built have become far more valuable by creating products and services people value and are willingly to pay for.

Elon may have a high net worth, but virtually all of it is tied up in company stock. He doesn't have tens of billions of dollars in cash. Taxing his wealth would likely force him to sell significant amounts of that stock, putting downward pressure on the share price and negatively affecting millions of people who themselves own shares in those companies directly or through ETFs, mutual funds, pension funds, and 401(k)s.

I think I saw somewhere that Elon's companies have paid over $100 billion in salaries. Those salaries are taxed. Beyond that, his companies have already generated enormous economic value for America and the other regions that his companies operate in.

You want Elon Musk to do good for the world? Great, he already is:
• Tesla: Accelerating the transition to sustainable energy and developing safety technologies like FSD that saves lives.
• SpaceX: Expanding internet access through Starlink in underserved and low-income regions, saving the U.S. government $40 billion (according to the Pentagon), and restored America's ability to launch astronauts from American soil again.
• Neuralink: Giving paralyzed individuals new levels of independence with brain chips. Next, they aim to give blind people the ability to literally see.

Taking capital away from someone who has repeatedly demonstrated an ability to turn it into productive businesses, jobs, innovation, and economic growth, and handing it to a government with a far less effective track record of capital allocation - doesn't strike me as a good trade. Elon's wealth isn't a bug in our system, it's a feature of living in a country where entrepreneurs have the opportunity to build companies that create enormous value for society.

[Tesla North America @tesla_na]

A Model Y driver started experiencing a medical emergency with chest pain mid-drive & called his son.

His son then remotely rerouted the car – which had FSD Supervised enabled – to the nearest hospital & let them know the vehicle was en route. ER staff were standing by on arrival.

Doctors later confirmed the quick reroute likely saved his life.

[Richard @RichardToFuture]

So many degens😂

[Eric Balchunas @EricBalchunas]

Update on the 2x SpaceX ETF race: over $3b traded (vs $1b yest) and shocker EVERY SINGLE ONE is pretty much at $100m or more. Hard to believe. Also, $SPCH at $1.3b is the most volume ever recorded by ETF on a Day Two ($IBIT 'only' did $500m). Total feeding frenzy. To the ppl who doubted there was enough degens to support this many leveraged ETFs tracking the same stock (incl me) at same time. Well it turns out there is. What a country.

[Arjun Khemani @arjunkhemani]

About 5 years ago, Elon was giving @Erdayastronaut a tour of the Starbase launchpad. A worker at the site walks up, hugs him, and says: “We’re going to make it.”

He’s probably a millionaire now.

[Brutox @Itsbrutox]

Tech companies if they had to be honest for just 5 seconds 💀

[tetsuo @tetsuoai]

History's first trillionaire is a guy who catches rockets out of the sky with chopsticks and beams internet to every dead zone on the planet.

Same guy ships cars that drive themselves, humanoid robots for the factory floor, brain chips that let paralyzed people move a cursor with pure thought, and an AI running on a supercomputer his team stood up in months instead of years.

And the people crashing out about his net worth are doing it on the app he owns. The same app governments spent years trying to censor.

You cannot legislate a rocket into orbit.

[Elon Musk @elonmusk]

Within ~5 years, probably ~5 times as many satellites as rest of world

[Sawyer Merritt @SawyerMerritt]

SpaceX has just officially unveiled its AI1 satellite, the first generation of its AI satellite.

Overall Specs:
• 150 kW peak compute payload
• 120 kW average compute payload
• 70 kW per ton
• Compute provider interchangeable

Dimensions:
• Wingspan: 70 meters
• Deployed height: 20 meters

Thermal System:
• 110 m² deployable liquid radiator
• Redundant pumping loops
• Integrated micrometeoroid shielding
• Deployable liquid radiators

Solar Power System:
• 150 kW solar array
• 250 W/m²
• SpaceX-manufactured solar technology from Bastrop, Texas

Architecture:
• Centralized compute module
• Large deployable solar arrays
• Deployable liquid-radiator thermal management system
• AI-focused compute satellite design ("AI1 satellite")

Elon: "The AI satellite is much simpler than a Starlink satellite. The AI satellite is essentially a lot of solar cells, you still need some laser links, but you don't have all of the super complex antennas that you have on a Starlink satellite. The easier one to design for is the AI satellite. It's bigger. A lot of this is technology we've already made with the Starlink V3 satellites."

[Richard @RichardToFuture]

Relentless.

[Michael Saylor @saylor]

Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC https://t.co/1Zf1AVsP1H

[Handre @Handre]

Milton Friedman's greatest regret.

The federal government discovered the perfect crime in 1943: make employers collect taxes before workers ever see their paychecks. You think you earn $60,000 per year, but you actually earn $75,000 and hand over $15,000 to politicians without ever touching it. The psychological difference is enormous.

Before payroll withholding, Americans wrote quarterly checks directly to the Treasury. Picture yourself sitting at your kitchen table, writing a $3,750 check to the IRS every three months. The pain was immediate and visceral. Politicians faced constant pressure to justify every dollar because citizens felt the extraction in real time.

Withholding transforms this concrete loss into an abstract accounting entry. Your employer becomes an unpaid tax collector, and you never experience the actual cost of government. Worse, most people celebrate their tax refunds as government generosity rather than recognizing them as interest-free loans they provided to politicians. The Treasury collects your money throughout the year, spends it immediately, then returns your own cash and receives gratitude.

This system enables the explosion in government spending you witness today. Defense contractors billing $640 for toilet seats, agricultural subsidies for corn syrup, and congressional salaries for 535 people who rarely show up to work. When taxation feels painless, voters stop demanding accountability for how their money gets spent.

Milton Friedman helped design withholding as a wartime emergency measure and later called it his greatest regret. Free market economists recognized that the psychological pain of direct taxation creates political pressure for fiscal restraint. The temporary always becomes permanent in government hands, and the emergency justification disappears while the extraction mechanism remains forever.

[Nic Cruz Patane @niccruzpatane]

Here are the prominent revenue estimates from big banks for @SpaceX in the coming years:

Goldman Sachs:
• Total Revenue by 2030: $474B (from $18.7B in 2025). Primarily driven by their AI Division.
• AI revenue $3.2B (2025) to $322B by 2030.

Morgan Stanley:
• Total Revenue 2040: $3.4 TRILLION 🤯
• Total Revenue by 2028: $160B
• Total Revenue by 2030: $330B

Both banks project ~$160 billion total revenue in 2028, which would be a 8.6x multiple of SpaceX’s 2025 total revenue. Bro 😂