Saylor: "you told me that the preferreds would work but now I'm bankrupt and facing multiple lawsuits"
ChatGPT: "You are absolutely right! What I described was a classic ponzi. Would you like me to try another design that isn't a classic ponzi?"
Coolest thing I’ve seen in tech this year.
Midjourney invented an MRI-style scan using ultrasound instead of radiation that is 10x cheaper and with less than 10 people.
This level of acceleration oh hell it’s time to get FUCT (fullbody ultrasonic computational tomography).
This is what I’ve been waiting for:
@Collector_Crypt has flipped PumpFun in daily revenue and has become the #1 revenue generating business on Solana.
Memecoins are dead, long live collectibles.
Kinda wild how wrong most energy experts were about the Straits of Hormuz.
What were the root causes of the error? China had more reserves than anticipated, US flexed up exports faster and more ships were actually transiting the straits via the Omani route?
Genuinely curious.
“So you spent the last 8 years trading low float high fdv crypto tokens and learned how hard they can scam pump initially”
“That’s correct”
“And then you went over to trade stocks and shorted SpaceX on launch week despite knowing it could do the same thing”
“That’s correct Dave”
“All because fintwit told you it was overvalued and wasn’t profitable”
“Yes that’s right”
@NestorLRamos A company valued at 2 trillion doing -4 billion in profit will 100% come below that level again when hype slows. It's 2 trading days into the most hyped up IPO with much of the sellers unable to sell for a while celebrating unrealized gains. A story we've seen 1,000 times.
and all those people that were waiting for the $cards token to have utility.
it seems like now it does, just as tuom and the team had said, $cards buyback have started, unannounced so they can't be frontrun
$CARDS is the first protocol that actually can flip PumpFun in rev
@Collector_Crypt just did $866K in 24h revenue - nearly same as Pumpfun
215K+ tokenized TCG packs opened last week (record)
Now partnered with @solflare and consistently among Solana’s top revenue protocols
At this pace: $300M+ annualized revenue vs $90M mcap
Are you buying or holding any? (DYOR)
Except it's not actually about economic pressure, not really. Calories are cheaper than ever. One could theoretically obtain an iron-age tier way of life with 1/100th of the effort iron-age people expended for the same thing.
It's actually about regulations and status games -- and how they work together. In lieu of actual scarcity, we have psyched ourselves out into a simulacrum of scarcity by endlessly revising the list of things that are considered "necessary for life," and have moreover shaped the moral authority of the state to enforce these ever-changing (and very costly) standards.
Because though calories are cheap and basic building supplies are plentiful, it'd be social suicide to live an "iron age lifestyle" with 8+ kids. Your living structure would be illegal, your living standards would justify a CPS investigation and possible abduction of your children, and every single person around you would condemn you as a lunatic. Eventually, even if you could avoid these fates -- your kids may very well disavow you and opt not to repeat your way of living.
These days, to have children you are "supposed" to be spending a lot of money on a suite of recently-invented technologies, behaving exactly as your neighbors behave, and presumably working constantly to finance this incredibly expensive social status game.
The sum total of building codes, immense social pressure to conform, ever-changing 'rules' about what is necessary for life, infinite consumerism, wide-latitude child welfare policies, and a few other distinctly modern factors have created SIMULATED scarcity that is far more intense than any iron-age peasant ever felt or knew.
Only countercultural minority groups will make it through this bottleneck. I'd even dare to say that if you even slightly care about "keeping up with the Joneses" your bloodline is probably not gonna make it through the next century or so.
"A Mega Bearish Setup" - FREE POST!
I felt this one should be made free.
Let's have a civilized discussion around this topic before it's too late!
🥹🌳🙏
https://t.co/AWND1Yt4AY
This is actually very great news if the deal is made.
Lots of concerns around funding AI capex will be gone, or the market would say there is no intermediate financial risk.
Bullish news for AI semis and neocloud/CSPs.