afkjm🔻

@_Investinq your posts are typically thoughtful and well written.... with the exception of this one.. Japan can tout stock market highs and print yen to the high heavens... the real score card is the birthrate, and it absolute trash and not getting better

@toly @joewrote With over-centralization (*ehem* Solana centralization guy), similar to communism, the capital hoarding then presents opportunities for narrative manipulation, and a vicious downward spiral. Capital driven narrative manipulation driving furthering/worsening centralization.

@afkjm @joewrote As more information becomes available the amount of economic surplus that SpaceX will generate becomes more certain, and the market prices adjust. Capitalists that were better at predicting the future end up with more capital, those who were wrong end up with less.

Amazing comments by the Elon Musk fans. Grown men saying, "If capital is fictitious, how can I drive a Tesla? Checkmate lib!" Conservatism attracts the least curious, smoothest-brained people who slurp up spoon-fed slop narratives that always result in "My Daddy is the best daddy."

@toly @joewrote No need to politicize this between Elon and Bernie. For any given product/service that provides a physical tangible result, sure, you have your "wealth". What happens when the "capital" becomes arbitrarily high (Elon, or any democrats etc...), and departs from actual wealth?

The tesla is the wealth. Comrade, wealth can only be created by the workers calloused hands setting the means of production in motion. No matter how you distribute the capital, the shares, the total wealth remains the same. People investing into SpaceX, whether you think is a good or bad investment, aren’t spending their capital in exchange for wealth, a product of the worker. They are buying shares. No actual wealth was consumed. It is only when Elon converts capital into money and then exchanges it for jet fuel does he consume wealth. Bernie Senders consumes roughly the same amount of worker created wealth as Elon, since both fly private.

@cypherpunk decentralization and scalability are measurable metrics.. security and privacy are just features

Greatest myth in crypto is the 'blockchain trilemma'. It's actually a quadrilemma: decentralization, security, scalability, *and* privacy. Zcash already maxes out on privacy and is speedrunning the other three. Crypto without privacy is not crypto. Zcash.

@toly So you want Bank of America to be like the Bank of Japan. Just let the government have majority control of all capital in the county... Have you seen the government backed "startups" in Tokyo? You think they are competitive or provide actual value? No...

Less dumb idea would be to privatize social security, make them investment accounts. This would effectively be a 40t sovereign wealth fund. It’s worth at least 5% shares for any existing public company to be in the index. So companies that want to be in the index “donate” 5-10% of shares to the fund in exchange for future buys. Everyone benefits. SS payments would be 2x higher now if it was privatized when Bush jr proposed the idea.

@coinbureau The birthrate chart is the chart you are missing. If your capital markets are rising, but your birthrate is falling, then your capital markets describe the degree of theatre your society has fallen into. To what degree does a single dollar or 100 yen support or mitigate births?

🇯🇵 JAPAN NOW HAS THE MOST BROKEN CHARTS IN GLOBAL MARKETS While the Nikkei is trading at a record above $72,300, the yen is near 40-YEAR LOWS at 0.006 against the US dollar. A weaker yen inflates stock prices, but it also shows investors are losing confidence in Japan’s money.

Anthropic wants to coerce you into *not* using "incognito" chats, *for your data*. They do this by conflating their chat "saving" feature with incognito, which has nothing to do with it. They want gently nudge into their redefinition of what "incognito" even means.

@Hedgeye everything has a leverage problem

Bitcoin has a leverage problem.

@zerohedge yeah guy, they were just bluffing all along @zerohedge

Amazon CEO’s Talks With U.S. Officials Triggered Crackdown on Anthropic Models: WSJ Information Andy Jassy shared with the Trump administration sparked an abrupt, sweeping move to halt foreign access to the company’s powerful AI tools

@coinbureau when you incessantly try to find an opening against an opponent, it becomes clearer that you're just a weak crybaby @DavidSacks

🚨ANTHROPIC’S AI RULES COULD CRUSH OPEN-SOURCE RIVALS David Sacks and Jason say Anthropic is pushing regulation that could limit how many AI models users can access. “It’s not enough to win in the free market. They want the government to restrict the competition.”

@cypherpunk you turn into a featureless white character?

Zcash.

@toly "Those who are fastest to call Elon greedy, are the fastest to appease despots of actual true greed." What do you even mean?

He doesn’t understand true greed. Those who rule with violence, have people pledge loyalty to them and carry out violence against those who are disloyal and share in the spoils of the violence. That is actual Old Testament greed, to control all the resources and the people themselves as personal property. Despots, no matter what ism they wrap their bullshit in, are true greed. Elon or Buffet are optimizing for a number in a computer. The larger the number the more future wealth their organization of voluntary labor will actually produce. The more electric cars or rockets Elon convinces you to voluntarily buy the more wealth he actually creates for you in exchange for a number in a computer. Those who are fastest to call Elon greedy, are the fastest to appease despots of actual true greed.

@BullTheoryio @zerohedge yeah guy, they were bluffing

BREAKING: The U.S. government just forced Anthropic to shut down its newest AI model worldwide. Claude Fable 5 is now disabled for every user worldwide after Commerce Secretary Howard Lutnick sent a letter to Anthropic CEO Dario Amodei ordering an immediate suspension. Mythos is the only publicly available AI that can autonomously find and exploit critical software vulnerabilities at superhuman speed. It scored 78% on cybersecurity benchmarks, the previous best was 40%. That's why it is being targeted by US Government. The government believes someone discovered a method to jailbreak it, removing the guardrails that prevent it from being used as an offensive cyberweapon. Anthropic publicly disagreed with the order. The company said the jailbreak vulnerability was minor, already discoverable in other public models, and that shutting down an entire model over a narrow vulnerability sets a precedent that could halt AI deployments across the entire industry. This is not the first clash between US Government and Anthropic. The Pentagon previously designated Anthropic a supply chain risk, the first time any US company had ever received that label, historically reserved for companies from adversarial nations. A federal judge blocked that order. This time the government came back through a different legal mechanism, export controls which are much harder to fight in court. Anthropic launched Fable 5 on June 9 calling it the most capable model it had ever released to the public and it was shut down within just 3 days.

@coinbureau Why would you even bother propagating AI trash?

⚡️VIRAL: THE BTC VS. ETH DEBATE IS GETTING A LITTLE OUT OF HAND An AI-generated clip featuring Michael Saylor and Tom Lee is making the rounds.

@toly @RoKhanna The guy who built a centralized network, appealing for more centralization in the greater economy... what would it take to convince you that an economy can become too top heavy, then get crushed under it's own trash capital (Japan)

Capital inequality != wealth inequality. The difference between capital and wealth is the difference between the budget for California high speed rail, and the physical high speed rail. We have really low consumer inequality in USA. You and me and my parents and Elon have access to the same mri machines and glps and iPhones.

That some do not see how the rapid acceleration of wealth inequality is tearing this country apart is a misreading of history. Read about the Gilded Age or the causes of revolution. I am for Team America. If America has been good to you, you need to do good for America.

@toly it's not about quantity, it's about quality... Japan has thrown around tons of trash yen, getting them nowhere...

If the world had 500 more trillionaire founders like Elon each persons standard of living would be on average twice as high. If we had 500 🧠🪱 socialists, all else equal, the average persons standard of living would be lower. Makes you think

@toly idiots conflating wealth & capital with human survivability everywhere

Idiots conflating capital with wealth everywhere.

@coopernicus01 it's up 2.5%

market so burnt out i don’t even see anyone complaining that BTC is down 2.5% today

@toly @jords @friedberg x.com/i/status/19826…

@toly @jords @friedberg Make the arbitrary spreadsheet numbers as high as you want, but at the end of the day, we have: - Physical resources, food & housing... - Some amount of loyalty expected to get those resources Why loyalty? That is all that is left when meritocracy has been bled out of society

okay maybe you guys don't agree with me that there should be no billionaires but can we at least agree there should be no trillionaires?

@toly @jords @friedberg 's market power law would mean "500 trillionaires" would then concentrate wealth, causing further centralization and *more* wealth disparity... that is a terrible outcome

Capital != wealth. Capital is just how we organize labor. Wealth is what is created by the labor, the cars, the rockets, the satellites. Elon is a manger of labor. The capital is worth $1 because the expectation that in the future the wealth created by the labor his company organizes is $1T more then the total cost of all the resources spent to do it. He gets the capital, the consumers, get the wealth. if we had 500 more trillionaires, all else equal, it would mean the world will produce twice as much wealth as exists today. So we would consume twice as much wealth as today. So we all would average be twice as wealthy.