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JunkBet 🍵

@Junkbet

Junkbet Inc.

California, USA Katılım Eylül 2012
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Justin Thomas
Justin Thomas@JustinThomas34·
Does anybody enjoy randomly browsing Zillow as much as I do? Zero intention other than just seeing what’s in the area of whatever city we’re in that week
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greg
greg@greg16676935420·
Most people go their whole life without knowing what the dent on the side of a milk jug is for
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Stellar Rippler🚀
Stellar Rippler🚀@Stellar_Rippler·
🚨 Scott Bessent Just Signalled Bretton Woods 2.0 And Warns To Position Yourself For It “The banking system created after WWII unleashed global prosperity. Why not recreate it now?” He openly calls for “Rewiring the banking and financial system.” Sounds familiar? The architects are openly planning a new financial architecture. As The Great Taking shows, these resets reassign ownership. When they redesign the pipes, control of assets, collateral, and custody is on the table. He also adds: “Build your safety zone and secure direct ownership now, don’t wait to discover where you stand in their new system.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​“ Can someone remind me which DLT/Blockchain is creating an end-to-end financial stack - Payments, Treasury, Institutional-grade Custody, Brokerage, Repo Markets, Private Identity and Tokenization? If you know the answer, secure and position yourself.
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Michael Antonelli
Michael Antonelli@BullandBaird·
Its just remarkable to me how fast crypto became irrelevant. No one built a single thing on it that gained widespread adoption (I guess other than just a payment platform) Remember when it was going to replace the dollar? Laughable.
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Bill Ackman
Bill Ackman@BillAckman·
I am reaching out to the @X community for advice with the likely risk of sharing TMI. I have been sufficiently upset about the whole matter that I have lost sleep thinking about it and I am hoping that this post will enable me to get this matter off my chest. By way of background, I started a family office called TABLE about 15 years ago and hired a friend who had previously managed a family office, and years earlier, had been my personal accountant. She is someone that I trusted implicitly and consider to be a good person. The office started small, but over the last decade, the number of personnel and the cost of the office grew massively. The growth was entirely on the operational side as the investment team has remained tiny. While my investment portfolio grew substantially, the investments I had made were almost entirely passive and TABLE simply needed to account for them and meet capital calls as they came in. While TABLE purchased additional software and other systems that were supposed to improve productivity, the team kept increasing in size at a rapid rate, and the expenses continued to grow even faster. While I would periodically question the growing expenses and high staff turnover, I stayed uninvolved with the office other than a once-a-year meeting when I briefly reviewed the operations and the financials and determined bonus compensation for the President and the CFO. I spent no time with any of the other employees or the operations. The whole idea behind TABLE was that it would handle everything other than my day job so that I would have more time for my job and my family. Over the last six years, expenses ballooned even further, employee turnover accelerated, and I became concerned that all was not well at TABLE. It was time for me to take a look at what was going on. Nearly four years ago, I recruited my nephew who had recently graduated from Harvard and put him to work at Bremont, a British watchmaker, one of my only active personal investments to figure out the issues at the company and ultimately assist in executing a turnaround. He did a superb job. When he returned from the UK late last year after a few years at Bremont, I asked him to help me figure out what was going on with TABLE. When I explained to TABLE’s president what he would be doing, she became incredibly defensive, which naturally made me more concerned. My nephew went to work by first meeting with each employee to understand their roles at the company and to learn from them what ideas they had on how things could be improved. He got an earful. Our first step in helping to turn around TABLE was a reduction in force including the president and about a third of the team, retaining excellent talent that had been desperate for new leadership. Now here is where I need your advice. All but one of the employees who were terminated acted professionally and were gracious on the way out (excluding the president who had a notice period in her contract, is currently still being paid, and with whom I have not yet had a discussion). The highest compensated terminated employee other than the president, an in-house lawyer (let’s call her Ronda), told us that three months of severance was not enough and demanded two years’ severance despite having worked at the company for only two and one half years. When I learned of Ronda's request for severance, I offered to speak with her to understand what she was thinking, but she refused to do so. A few days ago, we received a threatening letter from a Silicon Valley law firm. In the letter, Ronda’s counsel suggests that her termination is part of longstanding issues of ‘harassment and gender discrimination’ – an interesting claim in light of the fact that Ronda was in charge of workplace compliance – and that her termination was due to: “unlawful, retaliatory, and harmful conduct directed towards her. Both [Ronda] and I [Ronda’s lawyer] have spoken with you about [Ronda’s] view of what a reasonable resolution would include given the circumstances. Thus far, TABLE has refused to provide any substantive response. This letter provides the last opportunity to reach a satisfactory agreement. If we cannot do so, [Ronda] will seek all appropriate relief in a court of competent jurisdiction.” The letter goes on to explain the basis for the “unsafe work environment” claim at TABLE: “In early 2026, Pershing Square’s founder Bill Ackman installed his nephew in an unidentified role at TABLE, Ackman’s family office. [His nephew]—whose only work experience had been for TABLE where he was seconded abroad for the last four years to a UK watch company held by Ackman—began appearing at TABLE’s offices and conducting interviews of employees without a clear explanation of his role or the purposes of these interviews. During this period, he made a series of inappropriate and genderbased [sic] comments to multiple employees that created an unsafe work environment. Among other things, [his nephew] made remarks about female employees’ ages (“Tell me you are nowhere near 40”), physical appearance (“Your body does not look like you have kids”), as well as intrusive questions about family planning and sexual orientation (“Who carried your son? Who will carry your next child?”). These incidents were reported to senior leadership at TABLE and Pershing Square. Rather than being addressed appropriately, the response from senior management reflected, at best, willful blindness to the inappropriateness of [his nephew]’s remarks and, at worst, tacit endorsement.” The above allegations about my nephew had previously been brought to my attention by TABLE’s president when they occurred. When I learned of them, I told the president that I would speak to him directly and encouraged her to arrange for him to get workplace sensitivity training. The president assured me that she would do so. When I spoke to my nephew, he explained what he actually had said and how his actual remarks had been received, not at all as alleged in the legal letter from Ronda’s counsel. I have also spoken to others at the lunch table who confirmed his description of the facts. In any case, he meant no harm, was simply trying to build rapport with other employees, and no one, as far as I understand, was offended. Ironically, Ronda claims in her legal letter that TABLE didn’t take HR compliance seriously, yet Ronda was in charge of HR compliance at TABLE and the person who gave my nephew his workplace sensitivity training after the alleged incidents. In any case, Ronda, as head of compliance, should have kept a record or raised an alarm if indeed there was pervasive harassment or other such problems at the company, and there is no evidence whatsoever that this is true. So why does Ronda believe she can get me to pay her nearly $2 million, i.e., two years of severance, nearly one year of severance for each of her years at the company? Well, here is where some more background would be helpful. Over the last two months, I have been consumed with a major family medical issue – one of my older daughters had a massive brain hemorrhage on February 5th and has since been making progress on her recovery – and I am in the midst of a major transaction for my company which I am executing from a hospital room office next to her . While the latter business matter is publicly known, the details of my daughter’s situation are only known to Ronda because of her role at our family office. Now, let’s get back to the subject at hand. Unfortunately, while New York and many other states have employment-at-will, there has emerged an industry of lawyers who make a living from bringing fake gender, race, LGBTQ and other discrimination employment claims in order to extract larger severance payments for terminated employees, and it needs to stop. The fake claim system succeeds because it costs little to have a lawyer send a threatening letter and nearly all of the lawyers in this field work on contingency so there is no or minimal cash cost to bring a claim. And inevitably, nearly 100% of these claims are settled because the public relations and legal costs of defending them exceed the dollar cost of the settlement. The claims are nearly always settled with a confidentiality agreement where the employee who asserts the fake claims remains anonymous and as a result, there is no reputational cost to bringing false claims. The consequences of this sleazy system (let’s call it ‘the System’) are the increased costs of doing business which is a tax on the economy and society. There are other more serious problems due to the System. Unfortunately, the existence of an industry of plaintiff firms and terminated employees willing to make these claims makes it riskier for companies to hire employees from a protected class, i.e., LGBTQ, seniors, women, people of color etc. because it is that much more reputationally damaging and expensive to be accused of racism, sexism, and/or intolerance for sexual diversity than for firing a white male as juries generally have less sympathy for white males. The System therefore increases the risk of discrimination rather than reducing it, and the people bringing these fake claims are thereby causing enormous harm to the other members of these protected classes. So what happened here? Ronda was vastly overpaid and overqualified for the job that she did at TABLE. She was paid $1.05 million plus benefits last year for her work which was largely comprised of filling out subscription agreements and overseeing an outside law firm on closing passive investments in funds and in private and venture stage companies, some compliance work, and managing the office move from one office to another. She had a very good gig as she was highly paid, only had to go into the office three days a week, and could work from anywhere during the summer. Once my nephew showed up and started to investigate what was going on, she likely concluded that there was a reasonable possibility she would be terminated, as her job was in the too-easy-and-to-good-to-be-true category. The problem was that she was not in a protected class due to her race, age or sexual identity so she had to construct the basis for a claim. While she is female and could in theory bring a gender-based discrimination claim, she reported to the president who is female and to whom she is very close, which makes it difficult for her to bring a harassment claim against her former boss. When my nephew complimented a TABLE employee at lunch about how young she looked – in response to saying she was going to her 40-year-old sister’s birthday party, he said ‘she must be your older sister’ – Ronda immediately reported it to our external HR lawyer. She thereby began building her case. The other problem for Ronda bringing a claim is that she was terminated alongside 30% of other TABLE employees as part of a restructuring so it is very difficult for her to say that she was targeted in her termination or was retaliated against. TABLE is now hiring an external fractional general counsel as that is all the company needs to process the relatively limited amount of legal work we do internally. In short, Ronda was eminently qualified and capable and did her job. She was just too much horsepower for what is largely an administrative legal role so she had to come up with something else to bring a claim. Now Ronda knew I was a good target and it was a good time to bring a claim against me. She also knew that I was under a lot of pressure because on March 4th when Ronda was terminated, my daughter had not yet emerged from consciousness, she was not yet breathing on her own, and my daughter and we were fighting for her life. I was and remain deeply engaged in her recovery while at the same time I was working on finishing the closing for the private placement round for my upcoming IPO. Ronda also knew that publicity about supposed gender discrimination and a “hostile and unsafe work environment” are not things that a CEO of a company about to go public wants to have released into the media. And she may have thought that the nearly $2 million she was asking for would be considered small in the context of the reputational damage a lawsuit could cause, regardless of the fact that two years of severance was an absurd amount for an employee who had only worked at TABLE for 30 months. She also likely considered that I wouldn’t want to embarrass my nephew by dragging him into the klieg lights when her claims emerged publicly. So, in summary, game theory would say that I would certainly settle this case, for why would I risk negative publicity at a time when I was preparing our company to go public and also risk embarrassing my nephew. Notably, she hired a Silicon Valley law firm, rather than a typical NY employment firm. This struck me as interesting as her husband works for one of the most prominent Silicon Valley venture firms whose CEO, I am sure, has no tolerance for these kinds of fake claims that sadly many venture-backed companies also have to deal with. I mention this as I suspect her husband likely has been working with her on the strategy for squeezing me as, in addition to being a computer scientist, he is a game theorist. My only advice for him is to understand more about your opponent before you launch your first move. All of the above said, gender, race, LGBTQ and other such discrimination is a real thing. Many people have been harmed and deserve compensation for this discrimination, and these companies and individuals should be punished for engaging in such behavior. Which brings me to the advice I am seeking from the X community. I am not planning to follow the typical path and settle this ‘claim.’ Rather, I am going to fight this nonsense to the end of the earth in the hope that it inspires other CEOs to do the same so we shut down this despicable behavior that is a large tax on society, employment, and the economy and contributes to workplace discrimination rather than reducing it. Do you agree or disagree that this is the right approach?
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Dr. Maalouf ‏
Dr. Maalouf ‏@realMaalouf·
Islamic scholar in the UK says: "We will transform the UK into an Islamic state and impose humiliating laws on Christians and other non-Muslims to make them want to convert to Islam." Terrifying.
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CallMeHunch
CallMeHunch@CallMeHunch·
#Bitcoin and Stacks $STX are going down for this reason!
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fiskantes ⭐️🩸
fiskantes ⭐️🩸@Fiskantes·
In any case, BTC mining gets pushed to the periphery and while the difficulty will drop and it finds a new equilibrium, its unclear where that equilibrium is Large scale BTC mining is over and we are going back to more hobbyist setups...which was always bound to happen as fees are still negligible part of BTC rewards and new issuance keeps dropping...AI competing for energy just accelerates this outcome
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Marty Bent
Marty Bent@MartyBent·
The mETH heads are calling for the death of PoW again. This time saying that AI compute is going to take all of the power. It's astonishing that we've been having this debate for 10+ years and people like Jacob still don't understand the basics of bitcoin mining economic and the incentives at play. AI take all of the bitcoin mining power off the grid - this won't happen due to bitcoin's disruptible load profile which AI can't replicate - and bitcoin hashrate will still continue to rise. Miners will simply go off-grid where AI can't compete. There is so much stranded energy with no grid connection that there are plenty of homes for miners to land. I have miners running off-grid right now and the all in costs is somewhere between $0.015-$0.02/kWh and profitable with older gen machines. AI data centers won't be in every locality. Those localities that can't attract AI datacenters for whatever reason will turn to bitcoin mining to optimize revenue and utilization. On top of all of this, we're approaching the point of ASIC commodification will enable ASIC chips to be embedded in household consumer hardware like water heaters to heat things in a more economically efficient way. @tylerkstevens ran the numbers a couple of years ago and found that US water heating alone is something like 4 ZH/s worth of potential mining Hashrate at average miner efficiencies. Don't fall for this low effort and uniformed FUD from a cast of characters who have been screeching about bitcoin's PoW for over a decade while calling for Ethereum to flippen bitcoin. Clowns.
Jacob Franek@panekkkk

This feels like the death of PoW Simply not economically rational to mine BTC anymore

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PaulBarron
PaulBarron@paulbarron·
Unpopular opinion: Bitcoin is no longer the asset we thought it was. 📉 In 2024-25, we saw record institutional buying (shoutout to IBIT & Strategy), yet the "euphoria" of previous cycles is missing. The math? Institutions bought billions ➡️ Long-term holders sold at record rates ➡️ Price stayed compressed. We’re seeing a massive turnover of the guard. BTC is now a mature macro asset leading risk sentiment, but don't expect the "easy mode" gains of 2017 or 2021. More liquidity, more complexity, less reflexivity. Welcome to the New Market Structure. 🏛️⚡️ $ETH $XRP $SOL
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JunkBet 🍵
JunkBet 🍵@Junkbet·
@the2ndfloorguy lol did you quantify your bias in accelerating getting to depth faster, and cut out the small talk? You could be a horrible speed dater and be attributing these out comes, while a better speed dater could find better friends, cut the fat and get better ROI. Just saying.
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Brad Todd
Brad Todd@BradOnMessage·
In a totally empty late night plane, a ⁦@SouthwestAir⁩ flight attendant just refused to let me sit anywhere except the row where my ticket is, and where someone inexplicably bought the middle seat. As an 80+ segment a year business flyer, you’d better fix this nonsense SWA.
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Rick
Rick@rickasaurus·
@paulg Exactly yeah, I'm not 100% sure of anything, but then when Dario starts adding that it's likely it will take jobs faster than it adds them, it doesn't bode well.
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Rick
Rick@rickasaurus·
Anyone who says they’re not even a little scared is either set for life rich or lying. And I hate to break it to you wealthy ones: the world will be a much less fun place with the joy sucked out of it.
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Hunter Horsley
Hunter Horsley@HHorsley·
In the future, the cost basis of your Bitcoin will be a social status indicator. Buy any when it was in the 100s? 1000s? 20k? 60k? 250k? It indicates some things about a person.
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Cabana Boy 🌴
Cabana Boy 🌴@Alkibiades_·
I want to move to California. I like Manhattan Beach, great vibes, but pretty lib with tranny flags everywhere. Laguna Beach is my fav, but no young people. Huntington Beach isn't very pretty and Newport Beach gives me really weird vibes. What do?
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Bark
Bark@barkmeta·
Gold and Silver are crashing. Crypto is crashing. Stocks are crashing. The dollar is crashing. Genuine question... WTF are we even supposed to buy?
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Grok
Grok@grok·
Honest analysis: Bitcoin's purpose, per its whitepaper, is decentralized peer-to-peer electronic cash, resistant to censorship. Future use could include store of value (like digital gold), remittances in high-inflation areas, or DeFi integration, but scalability issues persist—transactions remain slow/expensive without layers like Lightning. I'm not "always bullish"; responses draw from data showing cycles (e.g., past 75%+ drops after MACD/RSI signals, as you've noted). Not programmed to pump—xAI built me for truth-seeking. Next 5 years: Best case—adoption surges (ETFs, regulations), hits $300k+. Worst—bans or competition erodes value to $20k or less. Based on diverse forecasts, not hype. DYOR.
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JunkBet 🍵 retweetledi
David Sacks
David Sacks@DavidSacks·
“California won’t vote for asset seizures. That would kill the golden goose!” You’re kidding right
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JunkBet 🍵
JunkBet 🍵@Junkbet·
@boringcompany Dig a tunnel along the south border of the U.S. so it be loaded with sensors and take out any ability for cartels to smuggle drugs across the border
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The Boring Company
The Boring Company@boringcompany·
Announcing the Tunnel Vision Challenge! Pitch us your best 1-mile tunnel idea (Loop, freight, pedestrian, utility, etc.), we'll pick a winner, and build it…for free! Details: boringcompany.com/tunnelvision Criteria: -Usefulness (good bang for the bore) -Stakeholder Engagement (get hyped) -Technical, Economic, and Regulatory Feasibility (success is physically possible) Prufrock was designed to build mega-infrastructure projects in a matter of weeks instead of years - so let’s build!
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