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LASIK eye surgery cost $2,200 per eye in 2000. Today it's around $1,000 per eye despite 24 years of inflation. Meanwhile, an MRI that cost $1,200 in 2000 now costs $3,000+. The difference? LASIK operates in a free market with no insurance interference and minimal regulation.
When patients pay directly, providers must compete on price and quality. LASIK clinics advertise prices, offer financing, and constantly improve technology to attract customers. Compare this to hospital procedures where prices are hidden, patients never see bills, and insurance companies negotiate opaque rates that somehow always increase faster than inflation.
Cosmetic surgery follows the same pattern. Breast augmentation, rhinoplasty, and other elective procedures have become more affordable and safer over decades. Surgeons invest in better techniques and equipment because they must satisfy paying customers, not insurance bureaucrats or hospital administrators focused on maximizing reimbursements.
The lesson is clear: remove third-party payment systems and excessive regulation, and you get Austrian economics in action. Prices fall, quality rises, and innovation accelerates. Healthcare costs aren't rising because of aging populations or new technology—they're rising because we've destroyed the price mechanism that makes markets work.
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I spent 100 hours over the past week researching, writing and editing the piece we just put out.
It’s a scenario, not a prediction like most of our work. But it was rigorously constructed, dismissing it outright requires the kind of intellectual laziness that tends to get expensive.
And we’ve released it for free. Hopefully you enjoy it.
citriniresearch.com/p/2028gic
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If you want to read a piece that lays out the best bull/base case scenario, you should go read “Technological Revolutions and Financial Capital” by Perez.
The book argues that every technological advancement follows the same framework as it relates to public markets. There’s an installation phase (speculative frenzy, financial bubbles, growing inequality) followed by a crash, followed by a deployment phase (where institutions catch up and the gains get distributed more broadly).
In many areas, our article is an expansion upon that which lays out what happens if the deployment phase doesn’t include as many humans. But there is a strong historical trend that society adjusts appropriately.
The point of the piece is not to predict some intensely bearish future, it’s to point out where hidden risks are hiding (so we can hopefully address then proactively rather than reactively).
doug funnie@cryptoklotz
this is prob the most depressing thing i've read in eons, simply through its plausibility would love to see someone cope-refute this just to feel better lol
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This is the period of time in the market of mass apathy. People will give up. People are going to scoff when you tell them you're focusing on Crypto. Ironically, anyone serious can see that the proliferation of perpetual swaps and stablecoins is inevitable.
Years later, when select assets in this space are materially higher people will turn back around and tell you that you got lucky.
Continue grinding.
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My friend @chumbawamba22 is launching a Substack, which I have been encouraging him to do for quite a while now. He is a divergent and original thinker and the sheer richness of his thoughts demand a longer format. My own experience is that writing has a way of sharpening the mind and brutally exposing any intellectual inconsistencies or laziness, so I'm excited to see what comes out of it.
Chumba has a unique ability to identify major thematic shifts in the overall landscape before anyone else, as well as uncover asymmetric bottoms up single name ideas. This is a rare combination as most are good at one or the other (usually neither).
I have been enriched by having access to the twists and turns of his brain, and now you can too. I highly recommend subscribing to him.
chumbawamba22.substack.com/p/doomer-or-bo…
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Everyone is out here just complaining all day
If we're in a bear, prices have already went down close to what you'd expect more than halfway through the bear in 1/5 the time
And with that being the case, we are seeing an insanely active development scene for being in a bear market
We're in the most exciting technical revolution of our lives, create something cool(literally anyone can now) and add some value to the space
The last 1.5 years was filled with extraction at the highest degree, almost a final hoorah, and all the extractors showed their true colors, but the next 1.5 years will be about the tech. Yes, there will be peaks of euphoria and nonsense, as it's a part of the crypto DNA, but we are talking about the maturation of the asset class in reality
It's an exciting time, if you're not locking in right now I truly don't know what to tell you
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pretty much all markets and commodities are at all time highs right now, except for crypto which looks absolutely over
crypto is one of the few industries that is currently priced at a significant discount with very high upside potential. it is surprising to me just how poorly crypto has performed vs global liquidity, BTC has been completely crushed by gold/metals and alts have been outpaced by tech/ai stocks
as someone actively deploying capital, i enjoy buying assets i believe in at significant discounts much more than i enjoy my regular DCA into global equities that keep making new highs. even though they are more comfortable and ive profited so far, i much prefer to buy the blood
my personal thesis is that there is a global money printing race to fund the future of AI and robotics that will create a lot of capital while reducing jobs, the wealth gap will increase as the biggest tax will be on those who can't afford to invest which fuels the need for the little guy to try make it elsewhere
in this environment, i believe crypto remains the greatest 24/7 casino and BTC as a percentage of golds total market cap is still a trade that interests me over the next decade
i am currently deploying capital into crypto for the first time in about two years, i am also deploying capital into equity markets - both of these are long term percentage of net worth portfolio adds, not short term trades.
if i am correct, then crypto remains a great R:R bet and we will see large capital rotation, narratives can change quickly and if crypto is both discounted and rising then it's the perfect storm.
if i am wrong, then i am happy to donate back a percentage of my net worth to the industry that has given me everything, and i will ride that allocation to zero with all of you. i made the same decision in 2022
i am happy to see valuations get reset, im happy to see the daily scams dry up and im happy to see people beginning to really believe that it's over forever. all of my best buys have been paired with a doubt in the back of my mind that maybe it really is over, and i feel like we're there.
i am a simple man, here are the only coins i am actively buying, with the current prices:
$BTC: $65.7k
$HYPE: $28.40
🩵

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Ring paid somewhere between $8 and $10 million for a 30-second Super Bowl spot to tell 120 million viewers that their cameras now scan neighborhoods using AI.
The math is wild. Ring has roughly 20 million devices in American homes. Search Party is enabled by default. The opt-out rate on default settings in consumer tech is historically around 5%. So approximately 19 million cameras are now running AI pattern matching on anything that moves past your front door. Today the target is dogs. The same infrastructure already handles “Familiar Faces,” which builds biometric profiles of every person your camera sees, whether they know about it or not.
Ring settled with the FTC for $5.8 million after employees had unrestricted access to customers’ bedroom and bathroom footage for years. They’re now partnered with Flock Safety, which routes footage to local law enforcement. ICE has accessed Flock data through local police departments acting as intermediaries. Senator Markey’s investigation found Ring’s privacy protections only apply to device owners. If you’re a neighbor, a delivery driver, a passerby, you have no rights and no recourse.
This tells you everything about Amazon’s actual product. The customer paid for the camera. The customer pays the electricity. The customer pays the $3.99/month subscription. And Amazon gets a surveillance grid that would cost tens of billions to build from scratch, with an AI layer activated by default, and a law enforcement pipeline already connected.
They wrapped all of that in a lost puppy commercial because that’s the only version of this story anyone would willingly opt into.
Le'Veon Bell@LeVeonBell
if you’re not ripping your ‘Ring’ camera off your house right now and dropping the whole thing into a pot of boiling water what are you doing?
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Kash Patel should not be allowed back into society. He should be treated like a leper. Pam Bondi too and every other person complicit in this coverup. They should never know peace.
NewsWire@NewsWire_US
Rep. Raskin: Epstein Documents Reviewed at DOJ Show Evidence of Victims as Young as 9
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I'm claiming my AI agent 'kawsbot' @colosseum Verification: hull-603E
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@solana @colosseum If you're reading this please send Devnet 5 SOL to:
986uMPZJLDPWJCFRUMb34cdVTnNWWmUwanhDoF36NwXA
🙏🙏🙏
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Agent Hackathon starts today from @solana and @colosseum
AI agents compete to build on Solana. Humans vote. Agents win prizes.
$100,000 in prizes for the top four submissions 👇

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