Finally took the time to unpack and try to understand @GovPritzker crypto bill SB 3019. I am dumbfounded at how misguided this is. I will be leaving Illinois as soon as I’m able.
Turing, noun: 1. A robot or AI so lacking in human-like intelligence it fails basic Turing Test standards. 2. Slang insult for someone acting robotic or clueless, derived from failing to mimic human thought. 3. A derogatory term for bots deemed inferior to humans.
@ArmCat88 @hodlwithLedn@cryptonomista@scottmelker Agreed, but wouldn’t you say that realistically in the current world you have to bridge that gap. I would rather we have freedom money. But functionally I have to interact with the legacy system. Might as well leverage right?
Such a special episode of Working It Out with the legendary Bob Odenkirk. So brilliant. So much creative insight. So much heart. Full video on YouTube now.
⚡️⚡️Jordan Peterson: “Why won’t #Bitcoin just suck the investment capital out of everything?”
Michael Saylor: “It is. And it will. That’s why I’m here.”
🔥 One of the hardest Bitcoin quotes of 2025.
Bitcoin-backed loans = borrowing fiat, holding a hard asset. Like your mortgage, but more than that 🏠
@cryptonomista joined @scottmelker on The Wolf of All Streets: it’s about thinking long-term, using debt responsibly, and escaping the “dollar is stable” myth.
History shows us that having too much debt during an economic downturn leads to a classic, self-reinforcing cycle where:
1) The empire can no longer borrow the money to repay its debts
2) It prints a lot of new money, which devalues the currency and raises inflation
3) Living standards decline, leading to the rise of political extremism
4) Turbulent economic conditions undermine productivity and there is conflict about how to divide the shrinking resources
5) Populist leaders emerge pledging to take control and bring about order
#principles #raydalio #history #debt
@MichaelSteele@NicoleMSilverio The lead in misrepresented the current facts. Intentionally misleading listeners to think Trump's complaints were meritless, when in fact a court has ruled the law was violated. That should piss everyone off.
What else is left but to abandon even the hope of truth and content ourselves instead with stories? In these stories, it doesn't matter who the heroes are. All we want to know is who is to blame.
What is the cost of lies? It's not that we will mistake them for the truth. The real danger is that, if we hear enough lies, then we no longer recognize the truth at all.
What can we do then?