ClaudeMaka

People don’t realise how good Frank Lampard was

The incompetent bunch, the worst sporting directors the sport has ever seen. You literally can't go wrong picking the worst one, every single one is a failure. Get this kinetic energy out of chels! 🖕 BlueCoOUT!

@FrankKhalidUK Good. He'd be the first player I'd sell this summer.

Latest on Wesley Fofana.

@FrankKhalidUK Love this. So simple. So true.

Difference between motivation , discipline and obsession. #ThursdayWisdom

@Velvetwall6 @_abochie Exactly. Win something first. Then you can post about it. And let's not talk about all the amazing teams they beat to reach the final...

@_abochie Is that your trophy?

Oi 😮‍💨

Holy shit guys

A football institution is being destroyed right in front of our very eyes by American owners. Government comes in and removes an owner that does so much for the club, for the NHS, for the area... Yet do nothing when clubs actually get destroyed by incompetence though.

Andrey was infinitely better than Lavia again in his cameo. Just so bored of us rewarding mediocrity every week

@LesGars_0 @astekz @rickyt8388 I agree to an extent. Only last game they showed fight. It's not just better defenders, though, it's their shape out of possession. Mourinho would have had our current defenders looking amazing. The entire club is a mess, unfortunately.

@ClaudeMaka @astekz @rickyt8388 I never said Chelsea are better as of now however if they get a better defence they can be better.. same if you compare the situation to one of liverpool they were ass in defending but now they atleast show some fight....

Thick cunt, go away

@astekz @rickyt8388 This guy is nuts. I'm a Chelsea fan and they haven't shown any fight for months. Kane is fantastic, this guy, not so much.

@rickyt8388 😂😂😂😂

I am the person at Hut 8 who designed the American Bitcoin partnership. The structure is elegant. We gave the Trump family 20% of a publicly traded mining company. They contributed zero capital. Zero infrastructure. Zero employees. Zero operational experience. Zero risk exposure. They contributed a name. Per our partnership agreement, that is consideration. Twenty percent of our equity for access to the most valuable retail distribution channel in American finance. "It has to have 'America,'" Eric said in our first meeting. "And it has to have 'Bitcoin.'" He said this twice. Both times he pointed at the whiteboard. There was nothing else on the whiteboard. I realized then that he understood the product better than I did. The product is not bitcoin. The product is the belief. The entire business model. Two words and a surname. I wrote the term sheet on one page. The lawyers billed for forty. We call that alignment of incentives. Forty pages means they believed in the durability of the arrangement. We mine bitcoin at an all-in cost of approximately $90,000 per coin. Hash rate, power purchase agreements, ASIC depreciation, facility lease, headcount, Coinbase Prime interest — $90,000. Bitcoin trades at $77,000. Every coin we mine loses $13,000. Negative unit economics on every block reward. Eric tells investors we mine at $57,000. He strips out depreciation, SG&A, and the debt service. I asked him once if he understood what depreciation meant. He said it means when things go down. I said yes. He said: "But the stock goes up." I said yes. His only contractual obligation. Salesmanship. Per the partnership agreement, salesmanship is Eric's sole KPI. Technically, he is a fiduciary to shareholders. On paper, his vesting is tied to total comp benchmarks. We run the rigs. He runs the ticker. Asset-light. The company at peak reached a $13.2 billion valuation. Two employees. That is the entire headcount. One is our CEO Mike Ho, who is simultaneously Hut 8's Chief Strategy Officer. He reports to us at Hut 8 on Monday mornings and reports to American Bitcoin shareholders on Tuesday mornings. Dual-reporting structure. Very efficient. The other employee manages Eric's media calendar. $6.6 billion per headcount. We call this capital efficiency. 70% of our bitcoin did not come from mining. It came from selling stock. Retail investors purchase American Bitcoin shares at 50 times book value because the name contains "America" and "Bitcoin" and "Trump" is in the filing and they believe, with the quiet religious certainty of people who have never read a balance sheet in their lives, that a company named American Bitcoin is underwritten by something more substantial than two words and a surname. We take their cash and buy bitcoin on Coinbase at spot. Lodge it on the balance sheet. Call ourselves a mining company. We do mine. At a loss. Technically, the earnings are negative per our Q4 filing. The margin lives in the distance between what the stock costs them and what the bitcoin costs us. The stock is down 92% from peak. Investors have lost approximately $500 million. One of them posted on the shareholder subreddit that he moved his daughter's 529 into American Bitcoin at $14. It trades under $2. He said he believed in the mission. That means he believed in the name. The name performed exactly as designed. Eric's net worth went from $190 million to $280 million. Asset-light. We pledged 3,090 bitcoin as collateral against a Coinbase Prime custody loan. We have mined 1,800. The LTV ratio is inverted. If bitcoin compresses or the loan accelerates, every coin mined since inception could be forfeit by August 2027. All of it. Gone. Liquidation event. I explained this in a memo to Eric. Bullet points. Large font. He asked if the stock could go up before August. I said probably. He said that was fine. He said he'd handle it. Salesmanship. Eric told the press he launched American Bitcoin because banks were "debanking" the Trump family. I checked. JPMorgan refinanced $700 million in Trump Organization debt during the identical period. But debanking is better salesmanship than refinancing. The narrative inflates the stock price. The stock price generates the bitcoin. The bitcoin secures the loan. The loan generates cash. Every link in the chain is a product I built or a story Eric told. Asset-light. I orchestrated the celebrity endorsements. Tyler Winklevoss. Anthony Scaramucci. Grant Cardone. We call this pipeline development. Each broadcast the stock to their audiences during the run-up. The stock collapsed afterward. The celebrities did not lose money. Their audiences lost money. I never mentioned that we hemorrhage $13,000 per coin mined. I told them it was asset-light. They understood immediately. They are also asset-light. Eric cannot legally serve as a corporate officer in the state of New York. A judge barred him for two years. Civil fraud. So his title is not CEO. Not officer. Not executive. His contractual role is salesmanship. He cannot manage the company. He can sell it. One distinction. $90 million in personal net worth gained. Asset-light. Our CEO lives in the UAE. He held discussions with ADQ and TAQA, Abu Dhabi's sovereign wealth apparatus. The same sovereign apparatus that paid $500 million for 49% of World Liberty Financial, the family's other crypto operation. This is the same Abu Dhabi whose semiconductor imports the administration greenlit over national security objections. I did not design World Liberty Financial. I designed the mining subsidiary that feeds into it. Separate projects. Complementary revenue streams. Eric runs salesmanship for both. I admire the portfolio diversification. I gave Eric 20% of a company for free, a company with real miners and real facilities and real electricity bills that I built over seven years in Alberta and Texas and Ontario, and in exchange he gave me access to every American who hears "America" and "Bitcoin" in the same sentence and reaches for their brokerage app without checking whether the company mines at a profit or at a loss or at all. They drove the stock to a $13.2 billion market capitalization. We bought bitcoin with the proceeds. They lost $500 million. We kept the bitcoin. Eric kept $90 million. I kept the apparatus that manufactures both. Everybody got what they paid for. Asset-light means we carry nothing. Not the miners. Not the facilities. Not the risk. Not the losses. The investors carry those. We carry the bitcoin. Asset-light.

@CFC_OBED He's a blue. Can't talk about him in the same group as Lamps, Drogba, Terry, Cech, but he's definitely a blue.

Earlier today on a space , one Chelsea fan said Fabregas is a Chelsea legend Is he ?

@ChessyHour What game were you watching?

Andrey has been poor since coming on mind you

@sliceinterlude @m1k3sowavy Your take is really disappointing. You're bringing a race narrative in where none exists. Him taking heat in the media and on CT isn't because he's black. He hasn't done a good enough job (not that it's all his fault) and has talked a big game. Don't make it a race thing

@m1k3sowavy Kompany was mocked by the media for playing idealistic football and virtually everyone mocked Bayern for appointing him

Rosenior LinkedIn jokes might be funny but it is telling that pretty much every Black coach that dares to be somewhat ‘intellectual’ with their tactics and messaging gets labelled as a ‘Linkedin’, ‘charlatan’ or ‘hipster’ coach that doesn’t deserve their position

@fiifi_manfred I don't think the project has ever been on track, but Maresca leaving didn't help. I didn't think he was a special manager, but he understood the strengths and weaknesses of the squad and would have done much better seeing out the season.

This is it. Whatever the project is or was it was on its track and the big mistake that sunk everything. Now no one knows where the club goes from here

Sack them all next! Clean the shit up or Fuck off! @ebehdad @todd_boehly

Any club statement released that doesn’t also include the sackings of Winstanley, Stewart, Shields and Jewell means absolutely nothing👍

Sack him in the tunnel if you want a chance of winning the FA Cup it’s really that simple. @Dannythefink you’re all fucking thick as pig shit, every single one of you.

JD Vance is right. More people need to know that the president is trying to take $10 billion in taxpayer money for himself.

Over 1,700 donors sent Rep. Eric Swalwell (D) $4,143,083 for his campaign Not all of it made it to the campaign He placed 100+ orders on Drizly, an alcohol delivery app After Drizly shut down, his campaign switched to Uber Eats for 220+ charges totaling $19,000 The full tab: • $6,100 on alcohol deliveries • $19,000 on Uber Eats • $3,100 on a 10-day Vegas trip at the Cosmopolitan • $75,000 on hotels, nannies, and liquor stores after quitting his race He resigned April 13th and is now under investigation by both the House Ethics Committee and the DOJ