lets be honest it bottomed in feb, a few % points is neither here nor there

The four-year cycle said bitcoin would bottom on October 5th. It bottomed on July 1st, 100 days early. Retail sold ahead of the date. Institutions didn't.

AN NYPD DETECTIVE WAS STABBED SEVEN TIMES, AND THE TWO SUSPECTS GOT AWAY ON AN E-BIKE. Both men are reportedly from the Dominican Republic, both were released into the country by the Biden administration, and both already had criminal records. They allegedly stabbed and robbed an off duty detective in the Bronx, and they're still out there right now. This didn't have to happen, because these men never should have been released in the first place. Thank God the detective made it out of the hospital yesterday and is recovering. Every sanctuary politician who ignores ICE detainers owns a piece of this, and New York needs to help find these two before someone else gets hurt.

Officially out of $MTPLF for majority of my shares. There is a new gold standard being set by a certain group of companies within the sector that is the new hurdle rate for management competency. Metaplanet has the potential but until I see management step up and make the necessary decisions, I’m out. $MSTR, $ASST, and $TSCWF is the new trio going forward for this bull run imo. Digital credit is too much of an opportunity for me as an investor to just write incompetency off. We are going after a $10T+ market as a sector, which means we need the best of the best leading us into the traditional financial system. So far, only a couple companies are getting it done correctly. You know who you are.

You are occupied, Britain. You are occupied, France. And you never even fought.

They shot our President. They shot and killed our biggest grassroots voice. They’ve shot up our children’s schools. They terrorized and burned our cities and locked us in our homes. I know things ain’t perfect in the GOP, but it’s a hell of a lot better than the alternative.

They tax you when you earn it. When you give it away. When you spend it. When it grows. When you die. Five taxes you can know about. The sixth you probably don't know about. Inflation. It skims every dollar you hold. Every day. Forever. Inflation is a tax you can't escape. Until today. Bitcoin.

$ASST bought 2,000 BTC, now holds 29,462. That's a 7% increase in just one week.🤯

Brazil counted 125 million votes in one night. California still can't count a fraction of that in a month. and we all know why.

Abolish the Jones Act.

A STRANGER STABBED A SEVEN-YEAR-OLD GIRL TO DEATH IN CHICAGO. It happened just before noon on South Cottage Grove in Chatham. Multiple times in the back. A child. Chicago’s mayor keeps treating these horrors like one-offs. A college student set on fire. Another shot dead. Now a little girl. How many “isolated incidents” does it take before somebody admits the city has a law-and-order crisis? Soft-on-crime leadership is failing kids who never got a chance. Arrest the animal who did this and start putting public safety first.

RT @BillAckman: Why are we not screening pilots’ social media?

There’s nothing more important to the future of America than deporting all of these foreigners. They all have to go. No exceptions.

I would never hold or recommend any securities from Metaplanet ever again. The industry can do their best to launder the reputation of Simon and Co but this "published note" should be the nail in the coffin. They do not give a fuck. Instead of the constant gaslighting and manipulation, why not put the compensation issue to a shareholder vote? Calling the 10th series "founder turnaround equity" is a joke. The company was already public, already listed, already a failing hotel business. It pivoted to Web3 and NFTs before it pivoted to Bitcoin. Gerovich chaired it from 2015. Eighteen days before this letter, the company's own filing called these "paid stock options" held by "certain officers and employees." Two of the five holders are employees... so by definition not founders. The letter has an entire section titled "How they were priced, and the risk taken." It never states the price. The warrants cost ¥18 per unit. ¥8.28m for the whole pool, around $51,000. About $30,500 for Gerovich's 276,000 units, against a position still worth close to $200m. On disclosure, the August 18 filing said the clause made it difficult for investors to ascertain the fully diluted share count and the extent of future dilution. This letter now says shareholders approved it with full knowledge. Both cannot be true. And what about the risk shareholders took? They were sold dilution in exchange for Bitcoin per share, while the anti-dilution clause held management's stake at 20% no matter how much stock was issued. Every raise diluted shareholders but management's pool was protected. The irony is that they were the only ones completely protected from any dilution risk at all. The note says "Metaplanet is fortunate to have a founder-led team whose interests are deeply aligned with all shareholders." Evidently not. Any talk about Japan's low cost of capital is irrelevant once you account for the permanent drag on the common stock. Excessive compensation and a sleaze tax for management means the company will struggle to sustain a mNAV premium higher than its competitors ever again. Anyway, forget what I think. There is one simple test. Let's see how shareholders really feel. Put it to a vote.

ATTN: Community Notes Abuse. @CommunityNotes needs to better regulate the noters. The same CN accounts put notes on Gunther’s posts every day and other big creators too. The notes are opinions and attacks, never what CN is supposed to be about. I personally believe they're paid to try to take him and others down on this platform.

If a productive middle class family wants to have a child, they need to have good insurance and budget out like $8,000. If welfare dregs want to have a child, they just show up to the hospital and have it paid for by the productive middle class family. Societies die this way.

We aren’t angry enough. We work our butts off and have nothing to show for the money our government steals from us.

Obama... orchestrated the greatest betrayal of American sovereignty by refusing to enforce immigration laws, effectively inviting an invasion that continues to destabilize our communities today. Obama... weaponized the IRS to audit and intimidate conservative groups, tea party organizations, and anyone daring to oppose his socialist agenda, proving his administration was a criminal enterprise from the start. Obama... apologized for American power on the world stage, bowing to foreign dictators while emboldening our enemies and weakening our military readiness through pathetic appeasement. Obama... used the full force of the federal government to spy on journalists and leak classified information to manipulate the media, creating a propaganda machine that would make totalitarian regimes jealous. Obama... deliberately fueled racial divides by claiming he could not be impartial on cases involving race, injecting himself into every local controversy to stir up hatred between black and white Americans. Obama... implemented Obamacare against the will of the American people, forcing citizens to buy a product they didn't want and destroying the healthcare system to satisfy his ideological obsession with government control. Obama... traded a deserter for five Taliban terrorists, putting American lives at risk and showing more respect for terrorists than for the soldiers who serve our country. Obama... created the DACA program out of thin air, bypassing Congress to grant amnesty to illegal aliens and encouraging millions more to break our laws in hopes of future rewards. Obama... failed to protect Americans in Benghazi, watched as our consulate was attacked, and then lied to the American people about the nature of the attack for political gain. Obama... pursued an agenda of cultural Marxism by using federal agencies to push transgender ideology, common core indoctrination, and radical gender theories onto our children. Obama... supported and funded terrorist organizations like the Muslim Brotherhood while turning a blind eye to the persecution of Christians and Jews in the Middle East. Obama... used executive orders to bypass the Constitution whenever Congress refused to pass his radical legislation, treating the separation of powers as a mere inconvenience to his dictatorship. Obama... allowed the FBI to be politicized and used as a weapon against political opponents, laying the groundwork for the Russiagate hoax that attempted to overthrow a democratically elected president. Obama... preached about climate change while flying private jets and lecturing Americans about energy usage, embodying the ultimate hypocrisy of the elite class. Obama... divided this nation along racial lines more than any president in modern history, using his platform to validate race hustlers and undermine the progress made by the civil rights movement. (PHOTO: Obama wears an Islamic dress at his half brother's wedding)

Je ne sais pas si vous mesurez ce qui est en train de se passer. Alex Karp, le patron de Palantir, ne va plus chercher ses talents à Harvard. Il les forme lui-même. Des jeunes de 18 ans, sans diplôme, choisis sur leur seul talent, qui codent sur de vrais projets et lisent de la philosophie politique entre deux sprints. Il appelle ça « le diplôme Palantir ». Et aujourd'hui le New York Post titre que les boîtes tech lancent leurs propres programmes parce qu'elles ne peuvent plus compter sur l'Ivy League. Ce n'est pas une anecdote RH. C'est un basculement de civilisation. Pendant des décennies, les entrepreneurs ont confié à l'université la mission la plus sacrée qui soit : former les esprits. Ils comprennent aujourd'hui que cette mission a été trahie. Les institutions censées produire des penseurs libres produisent des conformistes. Le mérite a été remplacé par des critères opaques. L'enseignement est devenu catéchisme. Paul Graham l'avait vu avant tout le monde. Alors ils font ce que font les bâtisseurs quand un système les trahit. Ils ne le réforment pas. Ils en construisent un autre, à côté. Elon n'a pas attendu que la NASA se réveille, il a fait SpaceX. Il n'a pas réformé les médias, il a racheté la place publique. Les entrepreneurs ne cherchent plus à convaincre l'État. Ils font l'État, partout où l'État a abdiqué. Relisez La Grève d'Ayn Rand. Nous y sommes. Les bureaucrates gardent les titres, les budgets, les bâtiments. Mais ils perdent la seule chose qui compte : la confiance. Aux États-Unis, à peine 28 % des gens font encore confiance aux médias. Un plus bas historique. Plus personne ne croit ceux qui prétendent nous dire quoi penser. On entend partout que l'école est finie. Je pense exactement l'inverse. Ce n'est pas l'école qui est morte. Ce sont les institutions qui l'ont confisquée. L'école, la vraie, celle de l'Académie d'Athènes, des ateliers de la Renaissance, du maître et de l'apprenti, va renaître. Plus exigeante. Plus juste. Sans dette, sans dogme, sans diplôme comme rente à vie. Une école qui ne fabriquera plus des diplômés, mais des polymathes. Des esprits libres, capables de coder, de penser, de construire et de douter. Ce sont eux qui créeront la valeur des cinquante prochaines années. J'ai appris à coder seul à 12 ans. Aucun amphi ne m'a appris ce que j'ai appris en construisant. Je sais ce que devient un talent quand on le laisse respirer. L'université a eu des siècles pour former les meilleurs esprits. Les entrepreneurs vont le faire en une décennie. La grande reconstruction a commencé.

And just like that, it appears the newest Fed Chair has already made a policy error.