The wave

@iruletrenches @cryptomocho Moroccan...

The best breakfasts in the world, hands down, are Moroccan breakfast and Turkish breakfast. And the most dogshit breakfast I've ever had, and even just to look at, is UK breakfast.

@PeterSchiff @PeterSchiff do you have dementia?

Anyone paying $78,000 to buy Bitcoin is not getting in cheap. Based on the historic price range in which Bitcoin has traded since inception, $78,000 is a very high price to pay. Just because some people paid more, that does not mean paying less than they did is a bargain.

@Peter__Stiff @lopp That's part of the reason why you should never sell

@lopp Guys. In sweden if you sell assets they are mandatory to be reported to skatteverket. These are public...

A family in Tobo, Sweden was tied up and mock executed by wrench attackers seeking cryptocurrency. They ended up handing over more than $200,000 worth. Surveillance video released in this article: svt.se/nyheter/lokalt…

@caprioleio @nanoseagull It will find a happy equilibrium

This is a wild and concerning trend for Bitcoin. This is far worse than I had realized. This is a list of all the major public Bitcoin miners. ALL have made statements to pivot to AI. ALL are targeting major shares of revenue from AI from here, not Bitcoin. On average current Bitcoin revenue is expected to drop from 90% to just 30% in the next 2-3 years! Do you see a pattern? The stocks doing the best in recent years all jumped into AI big time. Those with 80%+ AI share of revenue targets saw their stocks climb up over 500% on average. Those targeting <60% AI revenue saw 1/10th the growth, with many having negative 2 year returns. The message is clear. If these numbers are even half accurate, and they are based on direct company statements, the energy and commitment to Bitcoin is under significant threat over the next 2-3 years. All while Quantum computing is taking off and poses an existential threat to Bitcoin unless we change the code. Many of these miners are not even planning to upgrade or renew Bitcoin mining hardware at all, simply running out lifespan of the existing and reinvesting only in AI. The market has been voting with its feet. Now the miners are voting with their feet. Just as Bitcoin is about to approach its biggest ever threat in the coming years, the backbone of its security is leaving the industry. Bitcoin used to be famed for having the biggest computing network in the world. It's now collapsing into AI at record pace.

@PeterMcCormack @Heccles94 💯

@Heccles94 We should pay MPs much more, over £500k. We should be incentivising the best people as they make the most consequential decisions for the country.

It’s weird that an MPs work is worth an extra 5% this year, but an NHS worker’s work is only worth 3.3% more 🤔

@woofBIGDAWG @cryptomocho @BillAckman Lol

If you have time to read the @BillAckman tweet, you have time to hit the gym everyday No excuses

@_The_Prophet__ Just keep on buying, rain or shine. Never fails!

⚡️They tried to shake you out but you had the signal.

@SwiftOnSecurity @JulianRoepcke Beautiful to see, and the antithesis of the Iranian approach to preservation of life

@JulianRoepcke Destroyed hardware conveyed/supported hundreds of Americans who signed up to die because saving another is the creed, at all costs. The hardware is meaningless.

Die Rettung eines abgeschossenen US-Piloten im Iran hat die USA etwa 300 Millionen $ an Ausrüstung gekostet. Beeindruckend und bewundernswert, was dem US-Militär das Leben seiner Soldaten wert ist.

bitcoin day

@BillAckman @X So sorry to hear about your daughter Bill. I am sure you can buy everything you want materially, but this just hammers home the adage (the best things in life are free, and there is nothing more valuable than health). Having read your post in full, I agree/support you entirely

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?

@GoingParabolic B

Imagine you had to choose your life at age 40: Option A: Single. No kids. $50M net worth. 850 credit score. Private jet. Option B: Married. 2 kids. $5M net worth. Drive a Toyota. 15 BTC in cold storage. No idea what your credit score is. Fly commercial. Be honest, which life are you choosing?

@gumsays You are the reason people need to panic buy

if you're not going to the supermarket today to buy a ton of canned goods to have as a backup reserve in your home, you're failing your household as a man every time there is a crisis brewing, be the first to do it, if nothing happens worst case you have extra tuna at home last year in portugal there as a total blackout that lasted for ~14 hours 3 minutes after realizing it was not just my street, I rushed to the supermarket and there was literally no one buying anything or panicking ~4 hours later the supermarkets were mostly closed, powerless and full of people trying to get in to buy stuff better safe than sorry

Come to Dubai habibi, much freedom very good.

@IncomeSharks @UziCryptoo Eh? But it's the definition of being rich....* Head spins *

@UziCryptoo You can do all that without being rich.

i genuinely have no desire to be rich so i can buy a rolex or a Lamborghini. i want to be rich so i can control my time and go to the gym at 3pm on a monday. sit at a cafe and relax for an hour on a rainy afternoon. so i can cook meals at home with fresh ingredients. spend on my family and friends without worrying about a budget. that's my idea of a rich life, not the fake consumerist idea shoved down my throat.

@BorisJohnson Buy the BoJoBounce

I've long suspected Bitcoin is a giant Ponzi scheme and now I'm hearing tales of woe that make me fear I'm right. mol.im/a/15643681

@CraigBrockie Julie's life sounds very dull. Have a glass of wine.

She’s reinventing the science of aging. Meet Julie Clark: the 56-year-old whose biological age clocks in at 36. She’s outpacing Bryan Johnson, the $2M-a-year biohacker, on a mere $4/day. Here's her simple anti-aging routine for peak health and lasting longevity: 🧵

@RaoulGMI When there is blood in the streets... We know what to do!

A poetic moment in Bitcoin’s story: we’re back at $69k. Think about how iconic this level really is. For years it wasn’t just a price, it was the ceiling. The number everyone memorized. The line the entire market dreamed about, joked about, argued about, and obsessed over. We hit it in 2021… failed… and then spent three long years wondering if we’d ever see it again. When we finally retested it, it took another full year of fighting, shaking out tourists, and testing conviction before Bitcoin actually broke through. Now,we return to $69k from above, not as an unreachable fantasy, but as a level we treat like any other point on the chart. That’s what makes this so poetic. A price that once represented the absolute peak of imagination… is now just a waypoint on a much larger journey. If you needed a reminder of how far this asset has come and how wild this space truly is, this is it. What a time to be alive.

@lopp So right

You can just set up an auto DCA and walk away. Watching charts, reading gossip about who's buying & selling... it's all high time preference dopamine inducing waste of time. You can be confident that central banks will continue printing. Short term volatility is noise.

If a police officer pulls me over, and I don’t like the charges, I can have my day in court. If I get out of my car, stick my phone in his face and cuss him out, I’ll get additional charges and probably arrested. If I get out of my car and get in a fist fight with him, I deserve to get my ass beat. If I choose to get in a fist fight with him and have a gun on me, I deserve to get shot if they feel threatened making split second decisions. All this can be avoided if I simply accept, and respect, the officer’s authority a remain a law abiding citizen. The fact this is a wild take in America today is laughable.