The Bit Smith ⚡️

🍊💊 persuader, time traveller, helping build a new renaissance #bitcoin $BTC npub1lc8nuvk82reuqzlp6qx5759wu3jxhs9grtgf5d723z6u2xtt9y9qg0av5j

[Root 🥕 @therationalroot]

The path toward a Bitcoin standard. #Bitcoin

[James Lavish @jameslavish]

Good evening.

The enemy of investing is often emotion. If you find yourself suddenly questioning an investment, then that is a sign to re-evaluate the underlying thesis and decide whether you would re-underwrite the position in the same size and the same way with all the information you have today. If the answer is yes, then patience is your action.

Hope this helps.

And have a great night.

[nicolas, 30 ans @nic_carter]

you and your colleagues control a $7 trillion dollar federal budget. so why haven't you done all those things you think can be done with 1/23rd the money?

either
a) you can't solve those problems with money or
b) you are the worst capital allocator in world history

which is it?

[Tim Ferriss @tferriss]

Why am I investing in aerospace innovation in New Zealand? One reason: you can launch and iterate 10x faster. The key is airspace. Check out Christchurch vs. Florida images below. Excited to be involved with this one.

[Ethan Brooks @alt_w_v_g]

Went to a kid's birthday party last weekend

Not my kid's. A classmate's.

My wife asked me to handle it. Get everything we need, and don't make it weird.

So I did what I do.

Read the invite twice:
> No gifts. Printed right on the front.
> No footnote. No asterisk. No carve-out.
> One line. In writing.

Forwarded it to my analyst for a second read.

He replied in under a minute.

"No presents, sir. Black and white."

Documented. Aligned. We were covered.

Showed up Saturday at 10am:
> Brought a card. A card is not a gift. I checked.
> Brought a vegetable tray nobody would touch, because my wife said to bring something.

Walked in.

She looked at the ceiling before the door closed.

Took inventory of the gift table.
> Rolex Ron. Gift bag the size of a carry-on. Tissue paper exploding out the top.
> Patagonia vest. Wrapped it himself. Corners like a hospital bed.
> Quarter-zip advisor. Gift card inside a card. Diversified.
> Balloon arch guy. Freelance. Nobody asked.
> Every mom there. A gift and a backup in the car.
> Twenty-two families.
> Twenty-one gifts on the table.
> One vegetable tray.

The invite said no gifts.

Every one of them got the same invite.

My analyst texted before I sat down.

"Sir. Are we the only ones."

I said "yes."

He said "want me to send the host the invite for the record."

I said "no."

He said "already drafted it."

My son walked up and looked at the pile.

He said "daddy the card said no presents."

I said "it did."

He said "so why did everyone bring one?"

I said "I have been asking that my whole life."

He nodded.

Six years old.

Already the most literate person at the party.

My wife did not say a word.

She looked at the ceiling.

Make common sense common again.

Sent from my iPhone

[Stefan @Stefan__Powell]

Why is New Zealand a hotbed for Aerospace innovation, especially rockets and high-speed flight?

Airspace.

Even White Sands Missile Range is not wide enough to turn around a Mach 5 vehicle in a 3g turn.

We have thousands of miles of open air and sea space. Almost nothing between us, Antarctica and South America. And a test site only 45min drive south of our headquarters.

This is a structural advantage Dawn will carry forward almost indefinitely.

This is why we build the world’s highest-performance aircraft in New Zealand.

[The Bit Smith ⚡️ @thebitsmith21m]

@elonmusk

[The All-In Podcast @theallinpod]

David Friedberg: California’s Voting System Looks Fraudulent, But It’s Working Exactly as Designed

@friedberg believes California’s extremely loose election laws enable “appointments” not free elections.

Why? The voting data in LA makes no statistical sense.

“ Pratt's post-election mail-in ballots declined by 1/3.

So statistically, the population of people that send in their ballots late reduced for Pratt by 1/3, increased for Nithya Raman by 80%, and Karen Bass 10% less, if you just look at the mail-in ballots before and after election day as a comparison.

I don't know if there's a sociopolitical way that you can assess those statistics and assume that these are individuals casting their individual vote for who they think should be Mayor of LA.

Basically, the concentration of incremental votes that Nithya Raman got came around the Skid Row area in Los Angeles.

But when you look at the basic statistics of what happened in person, mail-in before, mail-in after Election Day, it becomes a real statistical quagmire on how did this sort of a sociopolitical shift happen in such a way that it did?

Now, there was a report published, and they highlighted the 2018 California midterm elections and the challenges that they saw arise in that midterm election because of some of the legislative changes that were made.

First, California Assembly Bill 1921 legalized the practice of unlimited ballot harvesting in the state. What that means is that any individual in the state of California has the right to go and collect ballots from any other individuals, regardless of relationship, fill them out, and send them in.

California, two years later, 18 months later, also passed a law that made it permanent that every person registered in the state of California would get a ballot, so tens of millions of ballots then get mailed out.

Then there was another series of laws that were passed that said anyone can register to vote. You don't need to prove your citizenship. You can use a gym membership card as an example.

So anyone can register to vote. There is no proof of ID when you get a ballot. There is no demonstration that the person who fills out the ballot has anything to do with the individual who's supposed to be voting that ballot, and it is legal for an individual to go out and collect hundreds or thousands of ballots, ship them in, and they will all qualify in these kind of mail-in ballot voting processes.

So there's nothing illegal or fraudulent going on. In fact, the system is operating exactly as intended.

It has been set up and structured in a way that with the right construct, you can get an individual appointed, not elected, but appointed to a particular role in government under a, quote, ‘free election’ in California.”

[Marc Andreessen 🇺🇸 @pmarca]

If, when you say regulation, you mean the dead and clammy hand of the commissar—the gentleman who has never in his life built a single thing, drafting rules to govern a thing he cannot define, to be enforced by men who cannot read them; if you mean the form in triplicate, the impact assessment upon the impact assessment, the compliance officer who breeds, in the warm dark of the org chart, further compliance officers unto the third and fourth generation; if you mean the moat—the deep cold moat that the giant digs around his own castle and christens, with a perfectly straight face, public safety—the drawbridge he hauls up behind himself the very instant he is across, lest any hungrier and hungrier man should follow; if you mean the precautionary principle, which, had it governed our grandfathers, would have banned the wheel pending further study of the hill, and left us yet shivering and raw in the mouth of the cave, blessing its excellent ventilation; if you mean the European disease—that magnificent open-air museum of a continent, which produces in our time precisely two things in great abundance, and they are regulation, and the eloquent and well-footnoted regret of cultivated men explaining at length why they have produced nothing else; if you mean the license required to think, the permission slip for honest arithmetic, the king’s wax stamp pressed upon the forehead of every new idea before it may draw its first breath; if you mean the agency dispatched, with trumpets, to slay a single dragon, which arrives at the cave, surveys the accommodations, and moves in—and spends the ensuing century laying eggs and devouring the very villagers it was sworn to defend; if you mean the startup that perishes not of the market’s honest verdict but of the filing fee, the genius decamping by the next tide to a freer and warmer shore; if you mean the law that arrives, faithful as the swallows, exactly one whole epoch too late—helmeted, plumed, and magnificently armed—to regulate the stagecoach—then certainly, my friends, I am against it.

But—but, my friends—if, when you say regulation, you mean instead the humble steel guardrail upon the mountain road at midnight, the very thing you curse on the easy days and bless on your knees the one night the fog comes down; if you mean the brakes—for it is the brakes, and not the engine alone, that permit a sane man to drive fast and yet arrive alive—and the buttress, without which no cathedral was ever flung so high, but only in spite of which, but because of which; if you mean the meat inspector, who is the single homely reason a man may eat a sausage in this republic without first composing his last will and testament; if you mean the firebreak cut clean through the forest before the dry season of the burning, the smallpox cordon, the buoy that marks the channel, the rule of the road that lets ten thousand strangers hurtle past one another in the dark at fearful speed and arrive, by its quiet grace, every one of them home; if you mean the honest scale and the true weight, the reason a pound is a pound and a dollar a dollar from Natchez to Nome; if you mean the firm and decent wall between the counterfeit voice and the widow’s bank account, between the deepfaked candidate and the ballot box on the eve of the vote, between the loosed and loveless machine and the schoolyard it neither knows nor pities; if you mean the simple plank of law that says the strong shall not, in the gray dawn, feed the weak quietly into the furnace and sell the rising smoke as progress; if you mean, in the end, the one slender thread of trust without which no citizen will ever dare to use the marvelous thing at all—for where there is no rule there is no trust, and where there is no trust there is no commerce, and a miracle that no man dares to touch is no miracle, but only a handsome and expensive ghost—then certainly I am for it.

This is my stand. I will not retreat from it. I will not compromise one inch of it.

[Danny Bernstein 🍇🥬 @bernsteind]

autonomous robot driving through the field at night. no chemicals. no pesticides. just UV light killing pathogens and pests while everyone sleeps. this is @tricrobotics.

this is what chemical-free pest control looks like at scale.

[Bill Barhydt @billbar]

This is a great summary of our differences. Let’s break it down...

Our public education system is failing. We spend more than most countries per pupil on public education for worse output. Why are they failing? Teachers’ unions creating bad teachers, inept bureaucracy and woke mindset bullshit.

We spend way more on healthcare per person than most countries and yet Americans are sicker than people in many poor countries. Why? Sugar, sedentary lifestyle, and the devaluation of the dollar by government overspending which has led to necessarily dual income families which means constant fast food consumption.

In neither case is government spending going to help. In both cases Government is the problem. Not the answer.

[Murray Rothbard @MurraySuggests]

The Iranian navy, which has been destroyed eight times, has apparently closed the Strait of Hormuz again, because the United States, for the seventh time, won the war that wasn’t a war, so now the United States has to open the Strait of Hormuz that was already open before the not-war began.

The not-war began because Iran had uranium that was totally, completely, beautifully obliterated, so they can’t build the nuclear bomb they weren’t building, which is why the United States had to start the not-war it definitely didn’t start.

Now the United States, which has nuclear weapons, is threatening to use nuclear weapons to stop Iran from getting nuclear weapons, because nuclear weapons are far too dangerous for countries with nuclear weapons to allow other countries to have.

If the United States saw the United States doing what the United States does in other countries, the United States would invade the United States to liberate the United States from the tyranny of the United States.

[Root 🥕 @therationalroot]

This price drop surely caused frustration, after the realization that the 4-year cycle and bear market remain intact. It’s ironic to see this frustration directed at @saylor and Digital Credit, which has been the main source of demand in this bear market.

[Root 🥕 @therationalroot]

"This time is different" #Bitcoin

[The Bit Smith ⚡️ @thebitsmith21m]

@therationalroot Damn it root, looks like the cycle hasn’t broken!

[Lyn Alden @LynAldenContact]

Even as I agree or disagree around the margins at times, more-so in terms of magnitude or timing than overall direction, I continue to view @LukeGromen as one of the absolute best references out there.
https://t.co/VAChoVxQ82

[The Bit Smith ⚡️ @thebitsmith21m]

@AdamBLiv @LukeGromen , this you? 😂😂

[Lyn Alden @LynAldenContact]

The America First view would be to let Americans decide which foreign causes to support, rather than to centralize their support as a collective and enforce it outwardly as though its all one cause.

[Lyn Alden @LynAldenContact]

The answer to the question of what’s the long-term plan here, is that there is no long-term plan here.