Bit-Reckless

@DrMetaMojo @1MarkMoss @chamath it could easily phase in just like we have now

@1MarkMoss @chamath The issue isn’t about “skin in the game”; it’s about the threshold. If you think about it a bit more, it’s very clear why it’s an idiotic idea.

this is a simple, elegant and very effective idea. take the taxes of the bottom 50% to zero.

@tomfgoodwin Because the world os built for humans and a human shaped bot would be a jack of all trades master of none. Good for personal Bots. More specialized ones would be made when it matters

I’m still confused as to why we’re making robots that look like people rather than making them far far far far better at doing the things we need them to do. It’s like we’re making animatronic horses not cars with wheels

@whothehellsjack Then work for yourself and make the same money.

No I work in retail where I can quite literally see how much money I’m making the company. I’ll do anywhere between $600 and $2000 in a 5hr shift while only making $71. It’s more radicalizing to see the dramatic extent at which your surplus labor is being extracted

@actingliketommy Its a sandwich, grow up

Look at the Babylon Bee asswipe. He wants you to be excited about a jailhouse menu so you can live on $2 per meal. What a fucking prick. Yes, by all means, go work a job and limit your eating to a work-camp menu so you can save $20 and the owner of your company gets a yacht.

@grok @texttochart @saylor rekt

@texttochart @saylor At current ~$76,864 BTC, Saylor/Strategy's 843,738 BTC (total cost ~$63.87B, avg ~$75,700) is worth ~$64.85B. That's up roughly $982M unrealized overall. The recent batch at ~$81k is down, but the full stack is green.

Strategy has acquired 24,869 BTC for ~$2.01 billion at ~$80,985 per bitcoin and has achieved BTC Yield of 12.6% YTD 2026. As of 5/17/2026, we hodl 843,738 $BTC acquired for ~$63.87 billion at ~$75,700 per bitcoin. $MSTR $STRC strategy.com/press/strategy…

@esjesjesj Everyone today "knows" more than the smartest ancient people, many are not as smart

@esjesjesj Knowing Homer was not a real man is not intelligence, its knowledge. Big difference there honestly. I met the most intelligent girl from a horrible dysfunctional family in mountains who basically never went to school. She was obviously intelligent but not well read

One of the funniest things about this is Elon is just so aggressively dumb that he is sure Homer was a real guy

@Bitcoin_Budda @jratcliff @Strike @River wow

@Bit_Reckless @jratcliff @Strike @River Definitely gonna need to hire a CPA next year, but from what Claude has told me… I can document it with the IRS, but they still want me to pay them lol Life, death, and taxes! 🪦

Today is a very sad day for me. One of my favorite #Bitcoin companies, @Strike is dead to me... My phone was stolen and the thieves sold #BTC on my @Strike account, incurring a significant amount of money in fees. @Strike decided not to refund me the fees... But @River did.

@ProofofBrain_ @d_1awrence I agree. They are sidelined psychologically for now, but still lurking. Lots of retail got really hurt in alts and we're burned

@Bit_Reckless @d_1awrence Agreed, partially. Multi-factorial. Retail is stuck in the cycle belief, and they think we are firmly in 🧸. Retail is also out of $$ because theyve been chasing stonks. Interest rates havent dropped. Clarity market structure hasnt passed, which will unlock new inst investment.

I have to be honest.... After all the positive news this week with the Clarity Act mark up being approved, Strive announcing that $SATA is paying daily dividends, $STRC producing enough volume to buy at least 10,000 BTC PLUS $MSTR settling $1.5B of their convertible debt, I expected to see a better reaction to Bitcoin than being DOWN 4% in the last 5 days. It literally makes no sense. Like, how did we reach $126k when there wasn't half the bullish news there is today? I understand there were mass OG sellers last year. I understand Jane Street was manipulating the price for months. I also understand there's a war in Iran. What I dont understand is how a company like Intel is up 700% since the US government put a few quid into it and SpaceX is preparing to IPO at a higher valuation than the entire Bitcoin network, yet Bitcoin, as a global monetary asset that's having billions of inflows, is still 40% off it's all time high and 10% down YTD? Even Nvidia, who has a $5.4T market cap, almost 3.5x Bitcoins market cap, has moved 20%+ higher in 2026 despite all the macro-economic challenges. I don't know what it is - I said last year that someone was manipulating the price & it turned out to be Jane Street. It still feels off. It'll come out eventually. I don't know why, but Bitcoin should be FAR higher than it is right now. It will revert at some point. I'm convinced of it. Until then, I'll continue to be perplexed by the price action but grateful I'm able to keep stacking at these lower levels. 🧡

@Bitcoin_Budda @jratcliff @Strike @River If you document the theft im wondering if you woukd actually need to pay gains tax

@jratcliff @Strike @River yepp that’s a massive “future me problem”

@BitcoinIsaiah @StealthQE4 yup

@StealthQE4 The bottom signals continue to spread all over the timeline. Thanks for another one.

The Bitcoin cult has died. It just doesn’t move much anymore. I never hear anyone talking about it. The laser eyes have disappeared on X. It’s slowly becoming just another asset class.

@TheLaurenChen @LN_Master_Hub The fact this is even a question is funny.

Delayed gratification is a foreign, unknowable concept for some people

@JamesTate121 Maybe if California can show it working, with all their Hollywood elite, the country could follow. so far what was it 400 million to house 3k people ?

All day long.

@cwdennison0207 @txgermanbre @Matthewdc You wouldn't have these issues of tax cliffs and governments needing to estimate how much taxes hurts specific households etc.

@cwdennison0207 @txgermanbre @Matthewdc and like you said, it allows the individual to actually save for life goals. You can cut your tax rate to save for an investment/house etc. Then in later years when you are comfortable you would begin spending more. Naturally it would mean comfortable households pay more taxes

“Billionaires already pay more taxes than you ever will” is one of the most financially illiterate arguments on this app because it confuses nominal dollars with effective burden. A billionaire paying $500M in taxes sounds enormous until you remember they gained $20B in asset value while doing it. The relevant metric is percentage, not raw dollars. A teacher paying 22% of a $60k salary is carrying a heavier proportional burden than someone paying 8% while their wealth compounds tax-deferred through stock appreciation. And this “their money was already taxed” line is mostly fiction at billionaire scale. Middle-class wealth is usually income that got taxed, then saved. Billionaire wealth is overwhelmingly unrealized appreciation. Tesla stock going vertical did not mean Elon “earned” $100B in taxable salary. The shares appreciated. Under current law, that appreciation can sit untaxed for decades, get borrowed against for liquidity, then receive stepped-up basis treatment at death that can erase the embedded gains entirely. That is not “double taxation.” In many cases it is functionally zero taxation on the primary mechanism of wealth accumulation. People also weirdly talk about billionaires like they emerged from the forest carrying capitalism on their backs with no public inputs involved. Their companies rely on: public roads public courts public contract enforcement public utilities public universities public research grants public internet infrastructure public IP law public military-protected trade routes public education systems producing labor The modern corporation is not built in isolation. It operates inside an enormous state-supported framework. And no, asking whether someone should contribute proportionally to maintaining the system that enabled $100B fortunes is not “greed.” That framing is emotional theater designed to avoid discussing the actual structure of tax law. The real debate is simple: Should labor income be taxed continuously while massive asset appreciation can compound largely untouched for generations? That’s the argument. Everything else is distraction.

@txgermanbre Appreciation is not value

@imotw2 @lthlnkso lol. Better to make rent i would say

Cash is usually better, but in this case, this makes more sense The whole point is to guarantee that every newborn goes home from the hospital with diapers that night. Cash is flexible, which is the problem. Rent is due. There's debt. The car needs gas. These are all legitimate priorities, and the cash gets absorbed. Meanwhile the baby still doesn't have diapers Every single newborn needs them, the need is immediate sizes are predictable, and the hospital is already the perfect handoff point Oh, and SNAP and WIC don't cover diapers, so this isn't redundant The government also buys at bulk prices no individual parent can access, so the in-kind benefit is worth more than its cash equivalent anyway

Why not just give cash? Cash is simpler. Don't have to worry about getting, transporting, storing, distributing diapers. Cash is better. If the new parents want diapers, they can buy diapers with cash. If the new parents received a lot of diapers as gifts from friends or family, they could spend the cash on something else.

@lthlnkso Because the NGO head won't get his 250k paycheck