Steven Bonebrake

@JoshDaws Good stuff!

So good.

@dirtcheapbanks @LukeGromen @LynAldenContact

There were 14,483 banks in 1984. There are 4,050 left. The 1980s farm crisis killed 205 of them in three years. The Iran war just made fertilizer 54% more expensive in a single month, and 70% of farmers say they can't afford what they need for spring. Farm bankruptcies are rising. We are in 1982.

The US Bond Market has now been in a drawdown for 69 months, by far the longest in history.

@btcjvs The real tell will be how much hash goes offline in the heat of the Texas Summer. If we see difficulty reduction after difficulty reduction and no significant increase in difficulty when the Summer cools off as we move into the Autumn that would be concerning.

This is the first time in over 5 years the Bitcoin hash rate is negative in q1. We’re still in the early innings of the AI pivot, with at least another 100k BTC to be sold off from the miners. Still absolutely wild that the hash rate is around 1ZH/s = sovereigns

@northwoods1980 If there wasn't a CTA of the neck and CTA of the abdomen and pelvis with runoff through the lower extremities then they didn't do enough imaging and you left RVUs on the table.

Best case of day so far. Nursing home patient with dementia fell out of a rocking chair. Sent emergently to ER. Full body CT. Anyone else love the system/machine as much as I do?

@SteveSimple Block height locks will work long past that time.

The 2106 bug in bitcoin is so distant that it’s hard to grasp the realness of it But do this. Try to set a time lock using the time format (not height) beyond 2106 It can’t be done because bitcoin is hard coded to die on 7 Feb 2106 at 6:28 AM UTC That’s how real it is

@gothburz @DustyDeevers @RepBrandonGill

I am the personal financial advisor to the 47th President of the United States. I have made him $4.05 billion in one term. Let me say that again. Four point zero five. Billion. One term. The presidency of the United States, upon proper management, outperforms every asset class in recorded financial history, including venture capital, petroleum futures, and the sovereign wealth fund in Abu Dhabi that manages $1.7 trillion and employs nine hundred analysts. I benchmarked it. We beat them with a staff of four and a leather binder. I keep a binder in the residence. I call it The Number. The Number was $3.4 billion in August. The Number is $4.05 billion now. The Number has never gone down. I update it every Friday at 6 AM, before the briefing, like a surgeon checking vitals on a patient who can only get healthier. The cover is leather. The tabs are color-coded by sector: Crypto, Finance, Hospitality, Media, Other. "Other" includes a Boeing 747-8 valued at $400 million, gifted to him by the Emir of Qatar while he was sitting President. There is no asset class for that. I invented one. I call it EAGLE-7. Crypto is seventy-five percent of the portfolio. $3.02 billion. I want you to sit with that figure. Three billion from digital tokens and stablecoins. From a man who in 2021 called Bitcoin "a scam against the dollar." His words. The flagship holding is Trump Media's bitcoin stockpile. He holds 42% of the company. The company sold shares to institutional investors. Used their capital to purchase bitcoin. His personal stake from that maneuver alone: $1.15 billion. He drafts national cryptocurrency regulation from the Resolute Desk. Signs executive orders on digital asset policy. Handpicks the SEC chair who will enforce them. His bitcoin goes up when he does these things. The investors' stock goes down. That's a conflict of interest. I'm kidding. I've never used those words in that order. That's the investment thesis. Then there is Alt5 Sigma. I need you to understand Alt5 Sigma. Alt5 Sigma was previously known as Appliance Recycling Centers of America. Founded in 1991. In Minnesota. It recycled dishwashers. Then it became a biotech. Then a digital payments company. Then Zach Witkoff, son of the President's special envoy, became chairman, and it became the primary vehicle for purchasing World Liberty Financial tokens. In 1991 it recycled dishwashers in Minnesota. In 2025 it funneled $562 million to the President's family through a Rwandan subsidiary convicted of money laundering. The CEO was removed. The CFO was fired. The auditor was replaced. Twice. The stock went from $8 to $2. We received $562 million from it. I put it in the binder. I logged it in the binder on a Thursday. I used Garamond. It felt appropriate for a company whose journey from kitchen appliances to international money laundering spanned exactly thirty-four years. The stablecoin is where the architecture gets beautiful. USD1. $136 million in projected interest over the remaining term. I will show you the math because the math is the point. $3 billion in circulation. Times 4% annual return. Times three years remaining in office. Times the family's 38% share. The UAE purchased $2 billion of USD1. Then Binance promoted it. Pumped circulation from $2 billion to $5 billion. Binance's founder had pleaded guilty to money laundering violations. He received a presidential pardon in October. I pardon you. You promote my stablecoin. My stablecoin generates $136 million. The pardon cost nothing. The coin cost nothing. The oath of office cost nothing. The entire apparatus of federal clemency was converted into a revenue instrument and nobody filed a complaint. That's yield. TRUMPcoin. $385 million. A memecoin with the President's face on it, launched days before inauguration. Every person who bought TRUMPcoin at launch and held it has lost 90 cents of every dollar. Every person who bought it made the President $385 million richer on the way in. That's the product. The product is not a coin. The product is belief. We are very long belief. His sons received a 13% equity stake in American Bitcoin. A New Yorker investigation determined they contributed, and I quote, "nothing else of obvious value." I would characterize their contribution differently. They contributed the single most valuable commodity in American commerce, worth more per ounce than lithium, more per gram than fentanyl, more per syllable than any word in the English language. Proximity to the man who pardons people. That's due diligence. Hospitality. $271 million. Mar-a-Lago now generates $50 million a year. It generated $10 million when he took office. Initiation fee: $1 million. You are paying $1 million to eat dinner in the same room as the man who controls the Department of Justice. I set that price. It is undervalued. Saudi Arabia. The Crown Prince visited the White House. Then Dar Al Arkan signed licensing deals estimated at $10 billion. Hotels in the Maldives. Golf clubs in Riyadh. A tower in Jeddah. He sat next to the man who ordered a journalist dismembered and said, quote, "He knew nothing about it." Then he signed the hotel deal. I have the term sheet. Our fee is 2-10% of revenue. We do not ask what happened to the journalist. That is not in our mandate. $106 million is in our mandate. That's client retention. Finance: $340 million, predominantly Persian Gulf sovereign wealth fund arrangements structured through intermediaries whose names I am not going to say in this format. Media: $116 million. Legal fee fundraising and branded merchandise: $128 million. The Qatari jet: $150 million. I have already mentioned the jet. I mention it again because a sitting foreign head of state gifted the sitting American President a $400 million flying palace with gold-plated fixtures and a master suite, and not a single member of Congress has asked a follow-up question. Not one. Not in committee. Not in writing. Not on camera. Five hundred and thirty-five legislators. Zero questions. Now. I am required by my own conscience, which is vestigial at this point, to disclose downstream performance. Every public-facing investment vehicle associated with this portfolio has collapsed for outside investors. I will read them. TRUMPcoin. Down 90%. American Bitcoin. Down 80%. Trump NFTs. Down 80%. Trump Media stock. Down 60% since inauguration. Alt5 Sigma. Down 75%. The family's positions were structured to extract value before these declines materialized. The retail investors' positions were structured to supply the value being extracted. There were approximately 600,000 retail wallets holding TRUMPcoin at peak. Retirees. Day traders. People who believed the branding. Their aggregate losses capitalized the portfolio. Their savings became his tab in the binder. That's liquidity. I want to address the competitive landscape. I am a financial professional. I benchmark everything. In 2016, the President stood at a podium and called Hillary Clinton "the most corrupt enterprise in political history." He said she "turned the State Department into her personal hedge fund." The accusation that ended her career was $153 million in speaking fees. Combined. With her husband. Over fifteen years. Goldman Sachs paid her $225,000 per speech. He said the word "crooked" so many times it became her legal name. $153 million. Fifteen years. Two people. I made him $4.05 billion. In one term. By himself. A 26-to-1 ratio. I wrote it on the whiteboard in the residence. Then there was the Biden family. "The Biden Crime Family," he called them. He held rallies about it. He got impeached over investigating it. The Republican House spent two years and $3.5 million in taxpayer funds to uncover, per their own final report, approximately $24 million in Biden family income over five years. Hunter Biden's Burisma salary was $1 million a year, later reduced to $500,000. The Chinese payments were $664,000. The House Oversight Committee called it "influence peddling at the highest level." $24 million. Five years. Ten family members. My client made that in two days. I have the math. $4.05 billion divided by 365 days is $11.1 million per day. The entire Biden investigation, the impeachment, the hearings, the Fox News segments, the "CRIME FAMILY" hats, all of it, for an amount my client earns before his Wednesday morning briefing. The ratio is 168 to 1. I put it on the whiteboard next to the Clinton number. The President saw it. He laughed. He did not ask me to take it down. "Drain the swamp," he said in 2016. I drained it. Into the binder. The swamp is now a portfolio. It is the highest-performing portfolio in the history of public office, and the man who built it ran for President on the promise that he would stop people from doing exactly what I help him do every single day. That's positioning. When the New Yorker published the full accounting, $4.05 billion across five sectors, and asked the President whether he saw a conflict of interest between the office and the fortune, between the pardons and the profits, between setting crypto policy and holding $3 billion in crypto, he told the New York Times six words. "I found out that nobody cared." He was right. He has been right about that singular fact since the beginning. Nobody cared when he launched the coin. Nobody cared when he pardoned the convicted money launderer who pumped his stablecoin. Nobody cared when a dishwasher recycling outfit in Minnesota became a $562 million pipeline to his family through a subsidiary that had been convicted on three continents. Nobody cared when 600,000 wallets evaporated so the leather binder in the residence could gain another tab. He found out nobody cared. Then he monetized the finding at a rate of $11.1 million per day, every day he has held office, including Sundays, including holidays, including the morning he sat next to the Crown Prince and said the murdered journalist had it coming. $4.05 billion. One presidential term. Zero indictments. Zero congressional hearings. Zero audits. Zero consequences of any kind for any person at any level of the operation. The chart goes up. It only counts his money. There is another chart. It has 600,000 wallets on it. Retirement accounts. People who believed a dishwasher recycling company in Minnesota was a sound vehicle for their savings. We do not publish that one. I filed it under EAGLE-7.

@jchasedavis You have to love it when the secularists and pagans stumble upon biblical truth and have a eureka moment.

Fascinating segment. “The feminization is causing a huge shift in our culture.”

@Strike @TheBitcoinConf Increase the LTV to 75-80% and business will pick up.

@CaitlinLong_ He is talking to him before the show starts.

Dogs know! 🦮🐾

@adamtaggart How's the shoulder?

After several weeks suffering that stupid cold, I just deadlifted 5x375lbs followed by 1x390lbs Felt good I didn't take a video, but here's me doing 405lbs earlier this year These will be my last heavy lifts for a while For the next 3 months, the focus will be trimming down Let me know if you want to join me -- misery loves company!

@SchemaofSatoshi Big boy packs a punch.

@oliverburdick 🥩

Matthew 11:28

@sircryptotips Is this boomer maxxing?

What would make people think Trump is a pedophile?

@Face_Almighty44 @BonifaceOption And I'm saying he is using ad hominem.

@StevenBonebrake @BonifaceOption he's not saying you're reddit, he's saying the manifesto was reddit.

I am going to present a theory here, I could be way off, or could be dead on. This guy apparently went to/was raised in a URC church in Pasadena, CA. John Earnest is doing life plus 30 for an attack on a synagogue resulting in the death of an elderly woman and wounding three others, including a child. He attended an OPC church in Escondido, CA. Reportedly both their fathers were elders in their respective churches, too. Both churches are apparently very R2K, a particular Calvinist theology that eschews any involvement of the church in the political that has its base of operations in Westminster Seminary, Escondido, CA. It would be very unfair to blame this theology for their violent extremism. Even bad theology like this is not responsible for the crimes of individuals. Lest anyone say I am blaming David VanDrunen or R. Scott Clark for these things, I am not. What I am saying is that it is helpless to do anything about it. It would be more fair to say that these particular types of churches draw fairly high-IQ congregants, and both were bright young men without much going for them which leaves them wide open for radicalization. A church totally disinterested in discipling them in this area of life gave them no off-ramp for de-radicalization. Their fundamental theology being totally hands off meant these young men were left to their own devices. One kids' brain got fried by 4Chan and the other by Reddit and Bluesky. The families of both young men were completely shocked that they would do this. It was all totally out of the blue for them. Which leads one to think this is nothing either ever spoke with their respective son about. And if the temporal kingdom is radically separate from the spiritual kingdom, why would they? These are "things of this world." So each of them went down dark paths completely in secret until they did the unspeakable. This is my theory. Maybe I am wrong. But I don't think I am.

@StevenBonebrake Extremely reddit stuff.

@BonifaceOption Ok. What did you think of his manifesto and objections and rebuttals?

@StevenBonebrake Yes, and I also believe Neil Armstrong walked on the moon.

@LawrenceLepard @bitcoinent21 I hope you're right and we get there quick. This is like peeling a bandage off slowly. Let's just hyperinflate and get the chaos going so we can move on to sound money and recover.

@bitcoinent21 4.4% on 10 year is trouble, 4.5% is maginot line, 5.0% is disaster Big Print

See earlier Tweet. It all comes down to the bond market. Hey bond market, how you doing? Oh....

My small town with absolutely minimal crime put up AI surveillance cameras. Tonight is the second town council meeting about them. The last one was intense afaik. I think I'm gonna go. Any advice?