gentile
360 posts
I never really paid attention to @toly’s tweets about capitalism and why socialism is stupid
But since $burnie launched, I’ve been reading his tweets about the topic properly because of the coin, & it actually makes a lot more sense to me now why socialism is inferior and it is actually quite interesting tbh
Turning out to be a pretty effective way of teaching people these ideas, maybe @toly is 2 steps ahead 🤷🏻♂️
toly 🇺🇸@toly
It’s a tax on future productivity. The value of equities is literally based on their future cash flows. The stuff the company will sell in the future. If you tax future cash flows there will be less of them in the future. If you tax crops that a farmer hasn’t even sown yet, there will be less food grown in the future. Not only is this tax anti-capitalist, it is anti-communist. It is not seizing the means of production to capture the surplus for the benefit of the state, it is destroying the existing means of production. The people proposing it are either idiots, or sociopaths that are taking advantage of idiots
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today is a turning point for $PUMP and pump fun
I want to give more context on the bigger picture and where we're actually going.
over the past ~9 months, 100% of revenue went into buybacks. basically no other platform in crypto has done that at this scale.
however, we received ongoing feedback specifically on the feeling of a lack of trust - in the certainty of buybacks, in what would happen to the bought-back tokens, even in whether the business itself would be here in a year.
today, we’re changing that.
it started with burning ~$370M worth of $PUMP purchases. ~36% of the circulating supply removed from circulation, forever.
but that isn’t enough. we’ve also allocated 50% of our next year of revenue to programmatic buybacks & burns. no more uncertainty for those who believe in us & those we’re proud to call our community.
but why not 100%? the short answer is the business simply needs the other 50% to grow.
a large treasury gives us the flexibility to make big bets over the next 5-10 years, and 50% of ongoing revenue enables us to build better products, infrastructure & reinvest into the ecosystem. I am extremely confident that 50% of the business we're building toward will dwarf 100% of the business we have today.
Pump.fun@Pumpfun
The future of $PUMP We have burned ALL bought back $PUMP tokens, around $370M worth of purchases (~36% of circulating supply), to gain trust with our community. On top of that, we have initiated a programmatic buyback *and burn* scheme at 50% of revenue for the next year to instill trust, predictability, and sustainability for the underlying ecosystem - and to remove as much of the supply from circulation as possible. $PUMP is changing; for the better of token holders, the team and the ecosystem. Learn more about why we’ve made these decisions and where we’re headed next 👇
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if youre not posting about retardio today then wtf you even doing bro
wugzs@wuugzs
if youre not posting about retardio today then wtf you even doing bro
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