DismalDeFi
12.9K posts

DismalDeFi retweetet

@AdamBLiv Agreed. But the mouth breathers feel better with USD in the bank, so Strategy should just hold three years of dividends in liquid assets as a cost of doing business.
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The bears are on the ROPES.
Imagine your mortgage is $2,000 a month, or $24,000 a year.
Then you bring in $40,800 in a single week.
Would anyone seriously ask how you’re going to make the mortgage payment?
That’s the Strategy bear case right now.
Adam Livingston@AdamBLiv
How can a company that raises $2.54 billion in one week pay $1.49 billion per year in dividends? Can someone help me out with the math here? How could they POSSIBLY pay these dividends?!?
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@cryptorand @KobeissiLetter I think that is the congressional insider trading chart.
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Professional investors are rushing back into equities:
US equity positioning jumped +0.55 points last week, the largest weekly increase in 8 years.
This metric covers institutional investors like fund managers, hedge funds, and algorithm-based trading strategies.
Since 2010, there have been only 3 comparable increases in positioning: 2014, 2015, and 2016.
As a result, consolidated equity positioning is up to +0.20 points, the highest since January, from -0.50 in early April.
Positioning is now at neutral levels, having been lower than current levels ~51% of the time since 2010.
Wall Street is chasing this rally.

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@dxvid Banks unfortunately still work better than DeFi in many ways. Reality.
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Don’t get it
I love using crypto, have you tried banks lately?
niko@saintniko
logged on just to see another person who works in crypto admit they don’t use crypto
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@thepowerfulHRV @shrugit_ You should short MSTR. You are going to be so rich.
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DismalDeFi retweetet

UBI advocacy stems from the naïveté and solipsism that because *I* am a deeply creative latent producer who is oppressed by my wagee job and would actualize my creative potential if only i could have my basic needs met, this must be true for everyone. Its not.
First of all, it’s not even true for these “creatives”. If you aren’t creation maxxing while waging, you wont do it under luxury communism either. Creative work is extremely taxxing and your wage job isn’t actually that hard. The problem is your neuroticism and lack of discipline, not your job. All your necessities being provided for will only make you weaker and gayer such that you’ll make up some new bullshit to get overwhelmed by and then cope by playing video games all day. But worse because you won’t even have “at least i did *something* productive today”, which will magnify
your depression.
Second, luxury communism already exists for the bottom 20% of the population. All their food, housing, etc is completely covered by the state. Entire generations of people who haven’t worked a job in their lives. Do they go on to produce beautiful art and build companies? Or do they go on to get high and kill each other?
The truth is that we are close enough to UBI today that most of the people who will ever become great artists and inventors are already going to do it, and as we get closer all that will happen is the people incapable of anything more than wage slavery (most people) will simply become dysfunctional parasites.
Martin Erlić@SeloSlav
People are creative. Once their basic needs are covered, they’ll find new things to do with their time. There is no inherent meaning in the struggle to feed yourself or keep yourself and your family healthy. I genuinely don’t understand why so many people put slavery on a pedestal.
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@mattvanswol @VoluntaryOnly All non profits are in some phase of corruption. Your empathy is one of their primary attack vectors.
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I hate to say it…
But I’m struggling to be generous after all the fraud we’ve seen.
There’s so few charities I trust now.
I do a deep dive on a homeless charity… oh look, my tax dollars are funding that and it’s run by a Trump-hating Leftist.
A Christian charity? Oh look, they’re helping illegal aliens.
An education nonprofit?
Oh look, it’s getting money from Left-wing political groups to send in Democrat activists to give lectures on LGBTQ oppression.
Even my TAX DOLLARS I know are being used to fund some BS non-profit that probably has me on a list somewhere as an extremist and is actively trying to cancel me.
It’s hard to be generous when I’m already being generously stolen from in taxes and when even the nonprofits aren’t actually solving the problems they reportedly exist to solve.
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DismalDeFi retweetet

Slowly slowly more people are waking up to the fact that they are working harder, getting materially poorer while public services collapse.
When you see it, it is very easy understand - an extraction of your wealth to richest via inflation.
There are two offers on the table:
- Lefty socialism, this is the wrong answer. It will make things worse, much worse.
- Taking a chainsaw to the state, living within our means and embracing free market capitalism.
Do as you choose but if it gets much worse, those with the means will leave, compounding the problem for everyone else.
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DismalDeFi retweetet

@elonmusk @Not_the_Bee This graph says history disagrees with you. Value from increased productivity will be directed towards the few at the top. Higher magnitude...but direction of resource travel wont change

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I will never understand why working class people fight tooth and nail to defend politicians who want to tax the rich into oblivion instead of worrying about the same politicians who wastefully spend our tax dollars, enable fraud, and cannot balance the budget.
Paddy@SAFCPaddy
I will never understand why working class people fight tooth and nail to defend billionaires
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@patfscott You didn’t understand that crypto success would result in Wall Street adoption?
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If crypto ends up as an extension of Wall Street, what was the point of any of this?
Stan@Stanunlocked
Crypto companies when you apply for a job but you’re not based in New York
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DismalDeFi retweetet

Why should government be small?
Why should politicians not be trusted?
Wise men know/knew that the role of government should be only to protect:
1. Your life
2. Your freedoms (liberty)
3. Your property
That you should be able to live freely without coercion or theft of your property. This is the moral line.
When Bastiat wrote The Law, he astutely identified that when the government gets into the business of redistribution, it inverses morality, because it can no longer protect your life, liberty and property.
It is a simple concept that many struggle with as they have been gaslighted into believing there are things which are necessary for the government to do.
Life, liberty and property are universal rights. When the government takes and redistributes it creates preferences for votes, therefore these universal rights fall away. In reverse:
3. They no longer protect your property as they confiscate it through taxation and threats of violence.
2. They no longer protect your liberty as they legislate preferences based on accumulating and retaining power. Hence the slow slide into authoritarianism.
1. They no longer protect your life, as they use violence to extract and redistribute.
The only way to end the failure of the state, politicians and politics is to return to freedom and return to government protecting only life, liberty and property.
These are universal, these are fair.
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@btc_overflow @saturn_credit So launch a tokenized STRC and stream dividends every 6 seconds.
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@DismalDefi Daily dividends are impractical under Nasdaq rules. But as far as tokenization, @saturn_credit is building it.
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DismalDeFi retweetet









