jeanfre
507 posts


@TedPillows Isn’t it just a covered call on the ~ 22% bitcoin cagr ? But yes trippy when thinking of the all-in euphoria
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Why does this always remind me of the whole Do Kwon UST situation where I lost all my money?
11,5%?
Michael Saylor@saylor
Stretch Dividend Rate maintained at 11.50% for May 2026. $STRC
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jeanfre retweetledi

solana at $293 had zero US banks settling on it, fewer transactions, less stablecoin supply, and no commodity classification. solana at $87 has two US banks live for USDC settlement, 10.1b transactions in Q1 (record), $14.6b in stablecoins (up 167% YoY), and SEC/CFTC commodity status. the token at ATH was pricing in hope. the token now is pricing in a network that doesn't exist anymore. 425m SOL staked at two year highs. FTX overhang down to $16m/month in distributions. firedancer and alpenglow hitting mainnet this quarter. the market priced SOL for what it was in 2023 and forgot to update the model.
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@Peter2293912898 @martypartymusic Have you used Solana at all? It’s so fast, sometimes the web app displaying the chain data is slower.
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@martypartymusic You write some utter garbage but this is the biggest load of nonsense yet.
Just outright misinformation.
Solana has a history of bad performance.
Why would any independent blockchain run their token on this garbage.
XRP and Eth have huge followings and partnerships.
Idiot.
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All assets will be tokenized on Solana and SUI. Xrp is next on Solana then Eth and probably Ada. Bitcoin is now on SUI and they will all be issued on SUI as well. All slow or expensive chain assets not meant for massive scale will be tokenized on high speed low cost scaled chains to be transacted. This is inevitable. More HYPE is traded on Solana than on Hyperliquid its native chain currently, the same wil be true for all assets. Its not personal, its software.
Solana and SUI are the plumbing of the future markets.
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@ZoeJardiniere Saturation is natural phenomena. More skilled workers than skilled jobs the workers will go elsewhere. My 5G antenna works great but when the base station gets over saturated connectivity degradation occurs and clients hop to more power . It’s natural reflexivity in a system.
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Wow. This is a real hit job.
No word on Bill Gates programming prowess?
I led multi state teams in healthcare tech development. This post seems to be a 100% example of why the world is not run by engineers, and why they are all just executors of code and models. They have zero idea how business funding happens. It's got Elon propaganda signs written all over it.
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Sam Altman has cultivated an image as the AI whisperer of our generation.
But his mask just got RIPPED OFF.
What's underneath should terrify anyone who believes in OpenAI at an $852 billion valuation...
Multiple OpenAI engineers revealed that Altman can barely code and routinely confuses basic machine learning concepts.
This isn't a hit piece from a rival. These are his OWN people.
A senior Microsoft executive (OpenAI's largest partner) went on record saying:
"I think there's a small but real chance he's eventually remembered as a Bernie Madoff- or Sam Bankman-Fried-level scammer."
That's from the company with a 27% stake.
Former OpenAI researcher Carroll Wainwright described the pattern:
"He sets up structures that, on paper, constrain him in the future. But then, when the future comes and it comes time to be constrained, he does away with whatever the structure was."
Insiders call it "Jedi mind tricks."
I call it something older: the con.
Now look at what's actually happening at OpenAI right now.
Jury trial begins April 27 in Oakland. Musk vs Altman.
Musk is seeking up to $134 billion in damages and wants Altman and Brockman removed from their positions.
The key piece of evidence? Brockman's own 2017 handwritten diary, surfaced in discovery:
"I cannot believe that we committed to non-profit if three months later we're doing b-corp then it was a lie."
A co-founder. In writing. In 2017. Using the word "lie."
The judge cited that entry directly when she ruled there was "ample evidence" for a jury.
Now the financial reality nobody wants to talk about:
OpenAI just raised $122 billion at an $852 billion valuation.
2025 revenue: ~$13 billion
2026 projected loss: $14 billion
Cumulative losses through 2028: $44 billion
Cash burn projected to hit $57 billion annually by 2027
Path to profitability: 2030, maybe
That's 65 times sales for a company losing more money than it earns. Traditional SaaS trades at 5-10x ARR.
To justify this valuation, OpenAI needs to hit $100 billion in annual revenue by 2029.
Nvidia did $130 billion in 2025 with a near-total monopoly on the largest hardware boom in human history.
OpenAI is supposed to match that in four years. Selling subscriptions.
And that's the BULL case.
The bear case? DeepSeek launched a 1 trillion parameter model priced at one-sixth the cost of US rivals. Chinese AI has erupted into a full price war. ChatGPT's web share collapsed from 86.7% to 64.5% in 12 months.
Models are commoditizing. Moats are evaporating. Compute costs are structural, not temporary.
And the man steering this $852 billion ship allegedly can't explain gradient descent to his own engineers.
I've seen guys like this many times. I watched it in 1999. I watched it in 2007.
The pattern is always the same:
A charismatic frontman. A "new paradigm" story. Valuations disconnected from cash flow. Insiders quietly cashing out while retail investors chase the narrative. Board structures designed to be "unwound" the moment constraints become inconvenient.
When Microsoft executives are whispering "Madoff" and co-founders are writing "it was a lie" in their diaries, you don't even need 45 years on Wall Street to know how this ends.
You just need to have been paying attention.
I've been bearish on the Mag 7 AI capex story for months. $380 billion spent in 2025 with CFO surveys showing "no change" in productivity. The earnings have accrued to the picks-and-shovels guys, not the dreamers.
OpenAI is the purest expression of this mania. And the jury selection on April 27 may be the moment the story finally cracks.
Caveat emptor.

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jeanfre retweetledi
jeanfre retweetledi

@davidgfisher1 @I_say_Toad @KerryBurgess @IYP2023 Are women walking around with their chests exposed? What is your point?
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@BSIGfrontier @scottmelker Yes and you get discounts the more Aster you hold on chain
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marco rubio realizing he has to run the EF now

doomer@doomerfied
[ DOOMER ] AFTER IRAN, THE US WILL SHIFT ITS FOCUS TO REGIME CHANGE IN THE ETHEREUM FOUNDATION, “WE’VE HAD ENOUGH OF THESE COMMUNISTS,” SAYS DONALD TRUMP: TRUTH SOCIAL
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@imnotgod @WatcherGuru Nono Bitboy was going around like a crazy asshole in live streams slandering Kevin for months. Definitely earned it
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Kevin O'Leary's $2.8 million defamation win just proves how easily the rich can weaponize lawsuits to silence critics in the crypto space. This whole case reeks of intimidation rather than genuine justice.
Why should anyone believe this was purely about reputation when the award amount feels more like a flex than fair compensation?
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