You gotta hand it to Saylor. When the market forces deleveraging on a company it is very often fatal. Strategy handled the deleveraging and is now well capitalized enough to benefit from the next bull market.

🚨Just in: President Trump has announced plans to create an “AI Force” similar to Space Force

The US gaining permanent military basing in Greenland is a stunning victory in this new age of drones & missiles, and those who don't get it need to look at a globe. Greenland is 2/3 closer to mainland Europe than the continental US, only ~900 miles. There are 3 huge benefits: 1/

People don’t know this about me but I was part of the Effective Altruist cult when I was 20 and it almost destroyed my entire life. People have no idea how fucked up their moral outlook is. I know it because I was basically part of their cult for the first few years of my twenties. Their philosophers like Peter Singer argue that it’s fundamentally irrational to value the lives of your own children more than the lives of random strangers living thousands of miles away. This leads them to the argument that Westerners should donate up to 90% of their income to the Third World. I spent hours reading through their 80,000 Hours careers advicesite when I was 20 and it really influenced my thinking at the time. Their argument was that you have 80,000 hours to spend on your career, and that you have a moral duty to spend those hours maximising global utility. What follows is the insane idea that if you are born a Westerner you should literally turn yourself into an economic slave for the maximisation of utility in the Third World. This is not an exaggeration, they basically preach a form of reverse slavery that annihilates the human spirit. They literally tell people to ignore their own passions - for philosophy, art, music, writing, etc - and instead go into a field with the highest possible earning potential, purely so that you can then donate 90 per cent of your earnings to development in the Third World. I am not exaggerating, they actually believe this. For example, if you were a gifted young poet or musician, they would tell you to give up on your passion unless you could be guaranteed to make millions of dollars. If you can’t guarantee that level of success, they tell you that you need to go into Big Law or Big Accounting - even if you despise the work - solely so that you can earn the most money possible and then donate 90% of it to the Global South. I was really close to restructuring my whole life to do this when I was 20. It was the main reason I initially decided to obsessively campaign on human rights in China, a decision which ended up shattering half of my 20s dealing with psycho threats from the Chinese government. Ultimately I’m still glad that I opposed the CCP but not for Effective Altruist reasons. Their absolutist approach to moral reasoning ended up massively isolating me from my friends and family for years. I also dealt with so much personal guilt and heartache, trying to convince myself for years that I should dedicate my life to earning as much money as possible by being a corporate lawyer, even though I knew that I would literally want to neck myself if I spent 60 years in corporate law. I literally struggled with the dilemma for years, this idea that I should deny my personal preferences, interests, passions in favour of being a rate slave. It literally wrecked my mental health for like 2-3 years as I struggled with the dilemma. Effective Altruists are spiritual terrorists.

The FDIC Board of Directors today approved a proposed rule that would promote parity between out-of-state state banks and national banks concerning the application of state laws. fdic.gov/news/press-releases…

🚨 JOSH HAWLEY EXPLAINS HIS NO VOTE ON THE CLARITY ACT 🚨 Sen. Josh Hawley (R-MO) was one of four Republicans (including @SenThomTillis, who switched his vote at the last minute) to break with the party and sink the crypto bill's advance in the Senate. His reasoning: "My concern is all to do with farmers in my state. Ag is our number one industry in Missouri, and farmers are so concerned they won't be able to get loans from small-town banks, because investors will leave those banks chasing the yields available under the bill." @HawleyMO said Sen. @JerryMoran, who also voted no, has language that could fix it - calling the issue "pretty doable" to resolve. "We've got to make sure those banks stay in operation, stay competitive, and have enough capital to make loans or our Missouri economy will collapse."

🚨 JOSH HAWLEY EXPLAINS HIS NO VOTE ON THE CLARITY ACT 🚨 Sen. Josh Hawley (R-MO) was one of four Republicans (including @SenThomTillis, who switched his vote at the last minute) to break with the party and sink the crypto bill's advance in the Senate. His reasoning: "My concern is all to do with farmers in my state. Ag is our number one industry in Missouri, and farmers are so concerned they won't be able to get loans from small-town banks, because investors will leave those banks chasing the yields available under the bill." @HawleyMO said Sen. @JerryMoran, who also voted no, has language that could fix it - calling the issue "pretty doable" to resolve. "We've got to make sure those banks stay in operation, stay competitive, and have enough capital to make loans or our Missouri economy will collapse."

I went to an rationalist/EA AI doomer event last night with the goal of meeting someone who could calmly explain to me the argument for how they get to the conclusion that AI will kill everyone. Because these are rationalists, I expected to find people who could lay out a serious extinction pathway, walk through the assumptions and intermediate steps, identify choke points where negative pathways could potentially be regulated, and entertain disagreement about where their assumptions might break down. My experience was the exact opposite. The people I spoke to seemed psychologically unable to entertain the possibility that their conclusion (that AI literally kills everyone, which was a point that many would not even budge on) might be wrong. Their most extreme conclusion was treated as an axiom. I had multiple people walk out of conversations with me when I questioned their inevitable extinction premise. At one point during a panel, the moderator asked everyone in the audience who was still skeptical of AI doom to raise their hands. About half the room did. He then told all of the skeptics to leave the panel and go with one of the speakers, who would answer their questions separately. They filtered out all the skeptics, and continued the panel only with the subset who accepted their extreme position. I genuinely felt like a heretic just for questioning whether superintelligent AI inevitably leads to the extinction of humanity, or entertaining the possibility that the future might actually turn out well. That does not mean AI safety is fake. Obviously there are serious questions about rapidly advancing AI systems and what happens as they become much more capable. Those are exactly the conversations I went there hoping to have. But what I encountered was an apocalyptic death cult. These people are not rational. They are deeply afraid, they reinforce that fear in one another, and they have become so emotionally committed to apocalypse that they refuse to be reasoned out of it.

I'll be voting Republican at the midterms. Democrats continue to attack the crypto industry.

The incumbent Democrat Senators who: (a) opposed the Clarity Act; and (b) are running for re-election THIS YEAR are: Markey (Mass.) Hickenlooper (Colorado) Coons (Delaware) Ossoff (Georgia) Booker (NJ) Lujan (NM) Merkley (Oregon) Reed (Rhode Island) Warner (Virginia)