Chip Carney

@MatthewLauseng @megynkelly Aha! You got him! Good for you.

@megynkelly The Orange Shitstain can’t make it through dinner without falling asleep like a narcoleptic. It’s just another reason why he’s unfit for office. 🤷‍♂️

I love how Trump occasionally nodding off has got to be some secret, scary medical issue (obviously they’re raising his fitness for office). Maybe it’s just that he doesn’t sleep much at night and these events are … kinda long/dry/not that scintillating? mediaite.com/media/tv/cnn-d…

@Aella_Girl Oh, and there is no credit check, no lengthy applications. You pledge your coin, borrow at 50% LTV. Cash in hand in a day or two.

Bitcoin is still a bargain. Also, it has been growing at over 30% CAGR for awhile and probably still will. Now there are lenders to borrow against your Bitcoin for 9-11%. You can do the math here. Keep the asset, borrow to meet your expenses, never sell. Folks who bought a city block of Manhatten never sold it. They borrow against it for generations. It is not wise to let folks know how much Bitcoin you hold, but it should certainly not be 0. Talk to the Nerds again, or DM me if you wish.

I'm so mad at everyone in my life who told me never to pick stocks, that smarter ppl will always outcompete u. I could have been making so much money

@PatrickCar81281 @BrianRoemmele Thhank you, this was my first thought on this as well. How to discern the facts from opinion. The truth from narrative based on an agenda. Media was created to control narrative from the start I believe.

@BrianRoemmele "actual receipts of history" ? Some may be history. Some was narrative. Will the AI discern the difference?

BOOM! I have been gifted VHS of every CBS Evening News TV broadcast from 1978-1999! I got the first installment today! I will be curating and training AI on realtime contemporaneous insights from this era. Someone here on X did this! Thank you! Deep Gratitude.

@Crypto_Mags @wesleyplpl I wonder how much understanding the Church has in the differenciation of Bitcoin from the rest of Crypto? Could it be intentional to glance over these differences to prevent too fast of adoption of Bitcoin and a mass exedus from traditional finance and currencies?

@wesleyplpl Its good the church is moving with the times. Disappointing they aren't doing a deeper dive to understand the differences

Pope Leo XIV has weighed in on crypto in an encyclical, the MAGNIFICA HUMANITAS. The Pope criticizes crypto without moral foundations that create injustice (ie, crypto pre-mines, scams, and rugs). The Pope emphasizes that finance for its own sake (ie speculative like most crypto) differs fundamentally from finance aimed at the development, creation, and evolution of work. As the focus of this encyclical is AI, it's a shame that the Pope does not do a deeper dive on this topic. There is an important contrast that needs to be made between speculative and extractive crypto and Bitcoin specifically. Bitcoin has a history of advancing human rights (see @HRF and @gladstein bodies of work), building out power grids (see @GridlessCompute) and lowering environmental impacts (see @DSBatten works). The Pope adds that income from capital risks (eg, speculation/investments) can overshadow income from labour. I would ceaveat that Bitcoin is necessary to protect one's income from labour, which loses it's value due to inflation. The Pope emphasizes that where savings are transformed into credit to support jobs and the economy, it is beneficial. We are observing this too in the booming Bitcoin credit market. Collateralized lenders like @hodlwithLedn provide capital to Bitcoiners to grow their businesses, and arguably @Strategy is operationalizing credit as a tool for Bitcoin adoption and corporate resilience.

True

Elon stated if anyone could come up with a plan to end homelessness and bring it to him he would write the check immediately. He understands that socialism and handing out money will not resolve the problems society faces. To use a comment from @Codie_Sanchez Capitalism believes in you and your ability. Communism believes you are incapable and unable. While there will always be people in society that need assistance and a social safety net, most of our homeless or people in poverty are just without the tools necessary to succeed.

I genuinely don't understand people like Bezos and Musk. If I had billions of dollars, I would just start fixing everything. Homeless veterans sleeping on the streets? Not on my watch. Hungry children going to bed with empty stomachs? Hell no. They could be making life better but instead choose to build spaceships and data centers to pump stocks and destroy the planet

view /vyo͞o/ 📷 The term "view" can refer to a physical scene, a personal opinion, or the long-running television talk show. 📷dictionary.cambridge.org +1

Disney Asks FCC To Declare 'The View' A News Show, Exempt From Equal Time Rule zerohedge.com/political/disn…

It’s all a complete scam.

If used with battery and grid tie you can actively participate in balancing grid power, utilize off peak grid power and use the blended cost of electricity often much less than commercial rates to reduce the cost to mine. Also, demand response incentives is another income stream to add to the balance sheet and reduce opex.

I see arguments both for and against using solar for mining. I’m torn. What are your thoughts? Please engage in the replies with your arguments.

The better question, is this the right attitude for Disney? I don't think the human body is sinful. How we dress should be about comfort. This is preening and attention seeking for reasons that are not in line with the family vibe of Disney. I try not to, but its hard not to judge.

Is this appropriate attire for Disneyland?

@PlanBpassport This is the dream.

I live in a beautiful bubble where "the village" is alive and well. Generations come together for dinners, grandparents want to be involved, friend group gets together for one giant play date and neighbors bring meals. Blessed! I wish you to find your village too 🙏

THE BANKERS ARE ABSOLUTELY LOSING IT The American Bankers Association is, at this very moment, in a Washington conference room with the Bank Policy Institute, the Consumer Bankers Association, the Financial Services Forum, and the Independent Community Bankers of America, drafting a joint statement that says -and I want you to read this slowly - that letting people earn yield on a digital dollar would reduce farm loans by "one-fifth or more." Five separate trade associations. Five sets of lobbyists billing six figures an hour. One coordinated press release. All to protect a business model whose entire value proposition is: we'll hold your money, pay you 0.01%, lend it out at 7%, and if anything goes wrong the taxpayer eats it. My dearest reader, the BANKS are TERRIFIED. Let us briefly review their PRODUCT. Time to be honest about what a checking account is. You hand a man your dollars. He gives you back a number on a screen. He takes the actual dollars and lends them to your neighbor at 7%. He pays you nothing. When his loan book detonates because he lent against an empty office tower in San Francisco, the FDIC writes a check funded by - surprise - the same dollars you handed him. He gets a bonus. You get a fee for using the ATM that isn't his. THIS is the thing they are lobbying Congress to protect. The moat is so shallow that a literal piece of code with no employees, no marble lobby, no tellers named Diane, and no quarterly earnings call is currently eating their lunch by doing the radical, unprecedented thing of paying you for the use of your own money. And their response is to, OF COURSE, NOT COMPETE AT ALL. Their response is to call their senator. "It would reduce farm loans by 20%" The ABA actually said this. Out loud. In a statement. With their names on it. A farmer in Iowa is currently being told by lobbyists in Washington that his ability to buy a combine depends on his neighbor not being allowed to earn 4% on a digital dollar. The combine, apparently, is held together not by hydraulics but by the financial repression of the farmer's cousin who would otherwise move $8,000 from a checking account to USDC. The White House Council of Economic Advisers, not exactly a den of cypherpunks, looked at this claim, did the math, and concluded the actual effect on lending would be 0.02%. Correct. Two basis points. The ABA's response was that the White House had "studied the wrong question." The wrong question. The question of whether the thing you said would happen would actually happen. That question. Wrong. The right question, presumably, is "how do we keep this gravy train running for another forty years." And on that question, I will grant them, they have done excellent work. So here is the loophole they are fighting in Section 404, please brace yourself. The proposed text says crypto firms can offer rewards for using a stablecoin - paying with it, transacting with it, doing literally anything with it - as long as they don't pay you for just sitting on it like a deposit. The bank lobby's objection to this is that people might use the rewards to keep using stablecoins. That is the loophole. The loophole is that customers might enjoy the product and continue using it. This is, and I cannot stress this enough, the same logic as a restaurant lobbying Congress to ban credit card cashback because it "incentivizes the idle holding of credit cards." Their actual quoted concern is "overtly incentivizing the idle holding of payment stablecoins for extended periods of time." Yes, people might prefer the new thing to our thing. This is a Yelp review written by the competitor. You want to know how cooked their model is? Goldman Sachs, BNY, and Morgan Stanley have signaled they're fine with the compromise. Why? Because they don't run retail. They don't have ten thousand suburban branches whose entire economic logic is paying grandma 0.40% on a money market while charging her grandson 24.99% on a credit card funded by grandma's deposits. The institutions screaming loudest are the ones whose entire business is the spread. The gap between what they pay you and what they charge someone else. That is a tollbooth on a road built by the Federal Reserve, maintained by the FDIC, and patrolled by a regulatory apparatus designed in 1933 to protect a banking system that no longer exists. When your business model is "regulatory arbitrage on the time value of other people's money" and a piece of open-source software shows up offering a better deal, you have two options: Get better, or get Congress. Guess which one is cheaper. So imagine, for a moment, you had to pitch a retail bank as a startup in 2026. "Hi. We hold customer money. We pay them roughly nothing. We lend it out at 7-24%. We have 4,000 physical locations, each with a security guard, a sad pen on a chain, and a woman named Janet who needs a notary stamp to let you close your own account. Our app was built in 2014. Our wire transfers take three business days because of 'cutoff times,' which is a phrase we invented. When we lose money, the government replaces it. When we make money, our CEO buys a yacht. We are now lobbying Congress to ban our competitors from offering a better product." You'd be laughed out of the room. You'd be laughed out of a room full of bankers. And yet here we are, watching five trade associations spend millions to convince the United States Senate that the republic itself depends on Diane at the branch in Ohio not having to compete with a smart contract. The CLARITY Act will pass, or it won't. The markup is May 11. The bankers will lose this fight or they will win it on a technicality and lose the next one. Because the thing they cannot lobby away is arithmetic. You cannot legislate your way out of paying 0.40% when something else pays 4%. You cannot regulate the time value of money. You cannot pass a bill that makes your product good. Every dollar of stablecoin yield that gets blocked in Washington is a dollar that walks out the front door anyway... into Treasuries, into Bitcoin, into anywhere that doesn't require Janet's signature. The deposits stay because of inertia. And inertia, historically, has a half-life. The funniest part of this entire spectacle is that the banks are correct about one thing: if customers can earn yield on a stablecoin, they will move their money. They have correctly diagnosed that their product is a hostage situation. Their solution is to lobby for thicker chains. Mark it up.

@BrianRoemmele Will it take 18 mins to download BADDAY.MPG?

Just got a donation of a modem rack! I will soon publish a dial up number for access and also how to connect via the internet! Multiplex BBS soon!

@BrianRoemmele You see the signs, but you can't read

The lights are on…

@TFTC21 Will there ever be acceptable conditions until those most interested in keeping us at war are satisfied?

President Trump says he will review Iran’s latest proposal but “can’t imagine that it would be acceptable.”

Of course that’s your contention. You’re a first year grad student. You just got finished readin’ The Intelligent Investor - Ben Graham probably. You’re gonna be convinced of that ’til next month when you get to AI growth stocks, and then you’re gonna be talkin’ about how software multiples don’t matter and exponential scaling was underpriced way back in 2023. That’s gonna last until Bitcoin makes a new high - you’re gonna be in here regurgitating digital scarcity, talkin’ about, you know, sovereign debasement and the asset repricing effects of monetary expansion. That’s gonna last until next year - you’re gonna get into prediction markets, talkin’ about how price is truth and the long-term effects of a hyper connected truth seeking machine.

@efenigson @AbundantMines @YoureTheVoiceEF Wow, you are well traveled. The Bitcoin protocol benefits us all in unique ways.

🇺🇸🌲Oregon, USA, visiting Abundant Mines site & hiking!

Looks like we have an early indication of how this pivotal week for the Clarity Act is shaping up.