@CryptoKid No one said $TAO is going to replace Bitcoin. Bitcoin’s value lies in its security, while Bittensor’s value lies in turning compute power into something useful. They serve different purposes.
"Spain. Beautiful country. Tremendous country. Incredible history, incredible people. Great golf, by the way... some of the most beautiful courses anywhere in the world. And I've seen them all. But right now, under Pedro Sánchez... a socialist, by the way. People don't know that. He's an actual socialist. The head of the Socialist Workers' Party. That's the real name. Socialist Workers' Party. Sounds like something from the Soviet Union. And it basically is. And under this man, Spain is a failing nation. Totally failing. And the people know it. Everybody knows.
Because that's what socialism does. Every time. Every single time. You look at Venezuela... destroyed. Cuba... destroyed. Argentina was destroyed until Milei came in and did a fantastic job, tremendous job ripping it all out. And now Spain. They're going down the same road. The exact same road. And nobody in the fake news wants to talk about it because they love socialism. They think it's wonderful. It's not wonderful. It's a disaster. Always has been, always will be.
We protect Spain. We provide the security. We give them the umbrella... the big, beautiful nuclear umbrella... and they rely on us for their very existence, frankly. Without us, they have nothing. And at the NATO summit, we said, very clearly, very strongly, "You have to pay 5%." Which is still nothing compared to what we spend. Much less than nothing, actually. Trillions and trillions of dollars we spend keeping the world safe. And Pedro Sánchez says no. He says 2.1%. And when I say 2.1%, it's actually less than 2.1% if you look at the real numbers. Much less. He told the world... and think about this... he said that paying for his own defense would ruin his welfare state. Think of that. Think of that for a second. He actually admitted it! He said the quiet part out loud. We pay for their military so they can give away free everything. Free healthcare, free college, free this, free that. The whole socialist dream... paid for by the American taxpayer. Our hardworking people are subsidizing European socialism. And the socialists over there, they laugh about it. They think we're stupid. We're not stupid anymore.
And then you have the Iran situation. Iran. Terror state. Terrible, terrible regime. And by the way, also socialist. People forget that. The Ayatollahs and the socialists... they always find each other. Always. Birds of a feather. So we have a joint operation. Highly classified, beautiful operation. I probably shouldn't talk about it, but I will. Our incredible pilots... and these are the finest pilots anywhere in the world, nobody close... they are sitting on the tarmac at Rota Naval Base in Spain. Engines running. Fuel loaded. Ready to go. Ready to protect civilization, essentially. And Pedro Sánchez calls and says, "You can't fly." He blocks the planes! Our planes! He embargoes the fuel. The pilots... brave, incredible young men and women... they have to shut down the engines, pack everything up, and fly all the way to Germany just to do their jobs. Just to do what they were trained to do. Why? Because Pedro wanted to protect the Ayatollahs. Socialists protect socialists. That's what they do. They stick together. And by the way, the Supreme Leader... not so supreme anymore, is he? Not so supreme. He died like a dog. A total coward. I wasn't sure if I should say that... but it's true. He's dead. And Pedro tried to protect him. Tried to shield him. It's a disgrace. It really is. A total, complete disgrace.
Foreign leaders... and I won't tell you who, I never do... they called me. The biggest leaders in the world. Very powerful people. And they're saying, "Sir, what is going on with Spain? The socialists are ruining everything." They can't believe it. Nobody can believe it. So they sidelined him. Completely sidelined. They threw Sánchez right out of the Washington Group. Just threw him out. "Get out." Gone. I've never seen anything like it. Nobody has.
Because while he's undermining our security... Western security, which is the strongest security apparatus in the history of the world, by far... he's running around making deals with China. Communist China. Horrible deals. Because that's who socialists align with. They don't align with us. They don't align with freedom. They align with the communists and the dictators. And he was protecting Maduro! The socialist dictator of Venezuela. Pedro loved him. Of course he did. Same ideology. Same playbook. Maduro destroyed the richest country in South America... the richest!... with socialism. Turned it into a hellhole. People eating out of garbage cans. And Pedro looked at that and said, "That's my guy." He was protecting him. Shielding him.
Or at least he was. Until we went in. Middle of the night. Pitch black. The helicopters come down at a steep angle... big, powerful, beautiful helicopters... no lights, total silence. The guys go in. Boom. They grab him right out of his bed. Maduro didn't even know what hit him. And now he's sitting in a cold jail cell in New York City. Think of that. Rotting. In New York. Pedro couldn't save him. Nobody could save him. They said it couldn't be done. Most didn't even try, actually. But we did it. Beautiful. One less socialist dictator.
And while Sánchez is posturing on the world stage, pretending to be important, his own government is the most corrupt in the history of Europe, by far. And isn't that always the way with socialists? They tell you they're for the people... "the workers"... and then they steal everything that isn't nailed down. The Koldo Case... Envelopes stuffed with cash. Tens of thousands of euros, just handed over. 100 million, 200 million, 500 million euros... gone. Stolen. During the pandemic, while the Spanish people were locked inside their homes, terrified, these socialist politicians were buying luxury real estate. Living like kings. That's socialism. The people suffer, and the leaders get rich. Every single time. His own wife, Begoña... under investigation. His brother... under investigation. The whole family! And what does Pedro do? He tries to destroy the police. He deployed his political thugs... and that's what they are, thugs... to go after the anti-corruption prosecutors. It's what socialists do. They take over the institutions. The courts, the police, the media. It's third-world stuff. Third-world.
He couldn't even win his own election. Think of that. The people of Spain voted, and he lost. So what did he do? He made a deal... a filthy, disgusting deal... with the Catalan separatists and the communists. Actual communists in his coalition. Podemos. People who had pictures of Che Guevara on their walls. He gave the separatists amnesty. Just tore up the constitution. Ripped it to shreds. That's what socialists think about constitutions. Nothing. They mean nothing to them. Rules are for other people. You talk to the hardworking business owners in Madrid, in Barcelona... people who built something, who took risks, who created jobs... and they have tears pouring down their faces. Grown men crying. They say, "Our country is being given away to communists and criminals." Because the socialists punish success. They punish the people who actually produce. Can you believe that? These people are crazy
And the borders. We're finally getting our border secure... strongest and most secure in American history, by far... but Spain? Wide open. Totally open. Sánchez bypassed his own parliament... didn't even ask... and legalized 500,000 illegal migrants with the stroke of a pen. Just signed a royal decree. 500,000. The real number? Probably 800,000. Maybe a million. Nobody knows. And why? Because socialists need a permanent underclass. They need people dependent on the government. That's how the whole scam works. You bring them in, you give them benefits, you make them dependent, and then they vote for more socialism. It's a machine. Crime going up 300%, 400%, 500% and more. Real unemployment at 14%. Fourteen percent. In a European country. The socialist paradise! That's what they call it.
And if you complain... if you dare speak the truth... Pedro wants to shut you down. He wants to ban your social media. Because that's the other thing about socialists. They hate free speech. They can't survive free speech. The ideas fall apart the second people are allowed to talk. He attacks Elon Musk, who is doing a fantastic job, a tremendous job protecting free speech for the entire world. Pedro wants to silence the Spanish people because he knows they despise him. He knows it. Socialism can only survive behind censorship.
Pedro Sánchez caused that problem. He caused it. Socialism caused it. He betrayed his allies. He betrayed NATO. He betrayed Western civilization, frankly. And most importantly, he betrayed the wonderful, beautiful, strong people of Spain... who are not socialists, by the way. The people are not. The people are hardworking, proud, freedom-loving people who deserve so much better. So much better. The socialism has to stop. And it has to stop now.
You don't get to put American troops in danger... our incredible men and women who are willing to die for your freedom... and then hide behind trade deals that we gave you out of the goodness of our hearts. Pedro Sánchez grounded our planes. He endangered our pilots. He sided with the enemy. And there has to be a price for that. A very big price. And there will be."
#Bittensor subnets have been added to @coingecko
You can find them listed under the #Bittensor ecosystem category
Will be interesting seeing the reaction of this space when the first subnet cracks the Top 100
$TAO
It genuinely breaks my heart to say this…
But Europe—the place I was born in, the place that shaped my childhood—is falling apart before our very eyes.
Since I got back to Italy three weeks ago, I’ve been reading, observing, reflecting.
Looking not just at my country, but at the whole Western world—Europe, the UK, Canada… and it’s clear:
Something precious is being lost.
And it might already be too late.
Everything that has been done in recent years has taken us further from what made these places special.
And now?
I see fear in people’s eyes.
I see frustration.
They don’t feel safe anymore.
They don’t feel free.
They don’t feel at home.
Like, what the fuck?
Imagine feeling like a stranger in the place you were born and your parents and grandparents fought for.
Insane.
And all of this… for what?
To appease broken ideologies?
To be “politically correct”?
To earn “virtue points” from systems that don’t care about people?
It’s painful.
Because Europe is (or better, was) the most beautiful place in the world.
The history.
The nature.
The culture.
All of it slowly being stripped away.
Not by accident—but by design.
I caught myself the other day watching videos from the early 2000s… and they blew my mind.
That Europe doesn’t exist anymore.
I wish I could be more optimistic.
I wish I could say there’s a light at the end of the tunnel.
But truthfully?
Right now, I just see a long fucking tunnel.
As far as I know (I’m not really an expert on this topic), there’s only one exception: Poland.
As far as I’m concerned, they’re doing it right.
They’ve held on to their values, their pride, their sense of self.
Shout out to Poland!
I see you, and I hope others start following your example.
Now, for those still wondering why I left…
Why I now spend 90% of my year in Asia…
Why I’ve made a new life far away from where I started…
Just open your eyes.
Asia isn’t perfect, it’s true.
But compared to what Europe has become?
It’s peaceful.
It’s vibrant.
It’s full of life.
And it’s safe.
“Oh, but Thailand is a third-world country,” they say…
Go there.
See it for yourself.
Walk the streets.
Talk to the people.
Breathe in the energy.
Then ask yourself honestly:
Who’s really living in the third world now?
It’s sad to say, but there’s nothing in Europe right now that calls me back.
Nothing that makes me say, “Yes, this is where I want to build my future.”
And it’s not just me; most of my closest friends are thinking the same.
All of them fed up with these failed societies and building their lives elsewhere.
That being said:
I wish all my European fellows the best.
I really hope this shit-show ends soon.
Wish you a wonderful Sunday.
Sat for my first public interview in four years. Great to catch up with @RaoulGMI and talk about DCG's history, where we're investing & building and why I'm so excited about Bittensor $TAO and our new company, @YumaGroup
https://t.co/WBRNVfxGU6
Check out my latest conversation with @BarrySilbert— from the early days of #Bitcoin to founding @DCGco and his next big crypto venture: Bittensor.
00:00 - Raoul introduces the thesis
05:00 - Barry’s $BTC origin story
10:00 - Birth of Grayscale and DCG
15:00 - Building crypto infrastructure
20:00 - The 2022 crypto crash
25:00 - Fallout from Three Arrows and FTX
30:00 - Surviving crisis and personal hardship
35:00 - Entering the AI + crypto era
40:00 - What is the Bittensor Network?
45:00 - Tor token and subnet mechanics
50:00 - The future of decentralized intelligence
55:00 - Final thoughts and what’s next
As ever, I hope you find it useful. Enjoy!