J Schneits

@JoshMandell6 Bigger news than anything Dennis Porter has ever released.

I just got off the phone with somebody who told me they called the wrong number.

@DiarmOSull @TheLaurenChen @aakashgupta I don't

@jschneits @TheLaurenChen @aakashgupta Just don't use Ubereats or those others. We've all seen how gross the delivery drivers are, I don't understand how you'd be comfortable with them handling your food. And I've seen them take from bags too often to trust the food isn't being handled.

American restaurants are legally allowed to pay servers $2.13/hour. In Japan, tipping is rude. In Australia, servers make $24/hour before tips. In Denmark, $25/hour with full benefits. In those countries, a server handwriting a demand for more money on a receipt would be absurd. The restaurant already paid them. In America, the restaurant doesn't. So 20% from the customer fills the gap. That's the system. Leaving less means the server worked your table for two dollars an hour. This receipt is what that looks like in practice. $525 check. The restaurant collected every dollar. Printed "gratuity: $0.00" on the bill. Paid the server $2.13/hour. Then left the building. The customer left $60 in cash. That's 11%. The server handwrote a note: "I was expecting more like $120. Thanks." The note looks entitled until you do the math. At $2.13/hour, a four-hour dinner shift pays the server $8.52 from the restaurant. The difference between a $60 tip and a $120 tip is the difference between $17/hour and $32/hour for skilled service on a $525 tab. Everyone is arguing about the server's attitude. Nobody is asking why a business that just collected $525 is paying its worker two dollars. The server and the customer are fighting over who covers payroll. The restaurant owner is nowhere in the conversation. Already won.

@TheLaurenChen @aakashgupta The worst is when you are asked to tip before the service is provided, ie a delivery driver. If you tip ahead of time and they show up an hour late, you have no recourse. And if you put zero for a tip, with the intention of tipping in cash, then you get spit on your pizza.

@aakashgupta He left a $60 tip though. Assuming they were there for 2 hours, that's $30/hour. More than the servers in the other countries you mentioned made.

@VacksceneGaming Yes, yes you are.

LOLOLOL What a fucking joke

@AlexanderTw33ts How much bitcoin you own bro?

its kind of sad but people over 30 are so cooked

@quicksnark @BitPaine Everything is good for bitcoin

@BitPaine Future historians will retrospectively recognize STRC as a tipping point or "killer app" for BTC. The only concern is that at some point the monetary flow sucked out of treasuries and banks will become so huge that the government will try to outlaw it.

people aren’t ready to admit this but Saylor is the most important engineer to work on bitcoin since Satoshi, and the $STRC / $MSTR stack is the most important innovation in finance since bitcoin itself he solved what was arguably the most important unsolved problem in hyperbitcoinization, which was how do we shunt massive amounts of rule-bound legacy capital into bitcoin in a sustainable way and within the bounds of existing financial regulation

@gothburz @happilynorth I wish it was longer. Great post

@happilynorth The accountant scene is real. Eleven seconds. He blinked twice. I counted those too. Appreciate you reading the whole thing. Most people stop at the Ape.

My net worth peaked at $1.2 million. None of it was real. I don't mean that philosophically. I mean it was located on servers that have since been turned off. I own eleven properties in the metaverse. Three in Decentraland. Four in The Sandbox. Two in Voxels. One in Otherside. And a beachfront villa in Horizon Worlds that I bought for $214,000 because Mark Zuckerberg called it "the next frontier." The frontier closed last week. It's a mobile app now. Last year I mass DM'd 340 people the phrase "you don't understand how early we are." I have since stopped doing that. Not because I was wrong. Because most of them blocked me. I got into metaverse real estate in November 2021. Everyone was buying. Someone paid $450,000 to be Snoop Dogg's neighbor. In a video game. With no legs. The avatars didn't have legs. I thought that was bullish. "The legs are coming," I told my Discord. "Legs are a roadmap item." Three hundred people reacted with rocket emojis. I called myself a "digital land baron." I put it in my Twitter bio. I put it in my LinkedIn headline. I said it on a podcast that had eleven listeners. Three of them were bots. The rest were my alts. My virtual property has more square footage than my actual apartment. My actual apartment has furniture. Location, location, location. My most valuable asset was a plot next to a virtual Gucci store. Gucci left in 2023. The store is still there. Nobody's in it. It's like a mall in Ohio but with worse graphics and no food court. I held. Diamond hands. That's what we said. "Diamond hands." It means refusing to sell while your investment loses 94% of its value. We turned financial paralysis into a personality trait. A guy in my Discord paid $2.4 million for a 618-parcel estate in Decentraland. Prime district. High foot traffic. I asked him what "foot traffic" meant when the platform had 38 daily active users. He said I didn't understand the technology. I didn't. I still bought more. We had a DAO. A decentralized autonomous organization. That means we voted on decisions. There were nine of us. Three never showed up. Two voted on everything without reading it. The other four were me and my alts. We voted to "acquire strategic parcels." The vote passed unanimously. I voted four times. My portfolio peaked at $1.2 million. I told everyone. I made a spreadsheet. I projected 40x returns by 2025. I made a pitch deck. The pitch deck had a slide that said "WE ARE BUILDING THE DIGITAL ECONOMY." The slide had a rocket emoji. That was my entire financial model. In 2023 I bought a Bored Ape for $189,000. It's worth $14,000 now. I don't talk about the Ape. I still use it as my profile picture. People ask me about it. I say "I'm long-term bullish." Long-term bullish means I can't sell it without crying in a Panera. My mom asked me what a Bored Ape was. I said "digital art on the blockchain." She asked why it cost more than her car. I said "you don't understand Web3." She said "I understand you live in a studio apartment." She's not in my Discord. Justin Bieber bought one for $1.3 million. It's worth about $90,000 now. I felt better about mine after I heard that. That's community. WAGMI. We're All Gonna Make It. We said that every day. In the group chat. While the floor dropped. While the volume dried up. While 95% of all NFT collections went to zero. We're all gonna make it. None of us made it. But we said it with conviction and a laser-eye profile picture. That counts for something. It doesn't. But we said it did. That's decentralized consensus. Meta spent $84 billion on the metaverse. I need to say that again. $84 billion. More than the GDP of Luxembourg. More than the GDP of Iceland, Luxembourg, and Malta combined. They spent it on a platform where the avatars had no legs, the graphics looked like a 2006 Wii game, and the peak user count was lower than the lunch rush at a Chipotle in Des Moines. They just pulled Horizon Worlds from VR headsets. It lives on as a mobile app. My beachfront villa is now a mobile app. Location, location, location. Zuckerberg renamed the entire company for this. Facebook became Meta. A $900 billion company changed its legal name because the CEO watched Ready Player One and said "I want that." Reality Labs lost $10 billion in 2021. $14 billion in 2022. $16 billion in 2023. $18 billion in 2024. $19 billion in 2025. That's not a strategy. That's a speedrun. They laid off 1,500 Reality Labs employees this year. Shut down three VR studios. Killed Supernatural. Put the entire VR social vision in a casket and said "we're pivoting to AI and wearables." The pivot took four years and $84 billion. I pivoted too. I'm an AI real estate investor now. I bought a virtual plot in an AI-generated world that doesn't exist yet. The founder said it was "the intersection of spatial computing and large language models." I don't know what that means. I gave him $40,000. He has a whitepaper. It's 47 pages. I read the title and the tokenomics section. The tokenomics section is a pie chart. I love pie charts. They make everything look like a plan. The project has a roadmap. Q1: "Build community." Q2: "Launch beta." Q3: "Scale ecosystem." Q4 is blank. Q4 is always blank. That's where the exit scam goes. My accountant asked me to value my metaverse portfolio for tax purposes. I said $1.2 million. He said "current market value." I said $6,400. He stared at me for eleven seconds. I know because I counted. He asked if I had any other investments. I showed him my NFTs. He stared for longer. I told him they were "cultural artifacts with long-term provenance." He asked if I'd considered a 401k. I told him a 401k was "legacy finance." He told me to leave his office. The metaverse is dead. I don't accept that. I am a digital land baron. I own eleven properties across four platforms. I have a beachfront villa in a mobile app, a plot next to an empty Gucci store, and a cartoon monkey that cost me more than my actual car. Location, location, location. The location is nowhere. But I'm early. I'm always early. That's the same as being wrong except you get to say it with confidence.

@JoelHodlman @JasonGetgen I hear you man. And ultimately volatility is your friend in the long run. But chasing girls sure sounds like volatility to me. Don't know what the truth is but I hope to find out someday. If they somewhat understand Bitcoin, best to say it's not for you, and walk away. Good luck

@jschneits @JasonGetgen Definitely not

Probably a contrary opinion but at 60+ I’m just wishing them good luck and letting them do real estate. At that age they really probably can’t handle the volatility.

@JoelHodlman @JasonGetgen That you prefer penis?

@jschneits @JasonGetgen And I used to care about chasing girls. - then I grew up and realized the truth.

@JoelHodlman @JasonGetgen 60+ year olds tend to care about vol

@JasonGetgen Both are a long term play, let’s say minimum 5 years. Then why care about the vol?

@teh_z1b @BTC_for_Freedom This is exactly what I was trying to say. 👍 Terrible analysis and post. Irresponsible really.

@BTC_for_Freedom lets assume that you are 40 today with 1BTC what you can do with 0.01BTC during the whole year? now its worth around $700 you can survive on that only in some low-tier third-world shitholes, dude

Recommended Bitcoin stack according to age: 0: 0 ₿ 1: 0 ₿ 2: 0 ₿ 3: 0 ₿ 4: 0 ₿ 5: 0 ₿ 6: 0 ₿ 7: 0 ₿ 8: 0 ₿ 9: 0 ₿ 10: 0 ₿ 11: 0 ₿ 12: 0 ₿ 13: 0.0005 ₿ 14: 0.001 ₿ 15: 0.002 ₿ 16: 0.005 ₿ 17: 0.01 ₿ 18: 0.02 ₿ 19: 0.03 ₿ 20: 0.05 ₿ 21: 0.07 ₿ 22: 0.1 ₿ 23: 0.15 ₿ 24: 0.2 ₿ 25: 0.25 ₿ 26: 0.3 ₿ 27: 0.35 ₿ 28: 0.4 ₿ 29: 0.45 ₿ 30: 0.5 ₿ 31: 0.55 ₿ 32: 0.6 ₿ 33: 0.65 ₿ 34: 0.7 ₿ 35: 0.75 ₿ 36: 0.8 ₿ 37: 0.85 ₿ 38: 0.9 ₿ 39: 0.95 ₿ 40: 1 ₿ (Peak) 41: 0.99 ₿ 42: 0.98 ₿ 43: 0.97 ₿ 44: 0.96 ₿ 45: 0.95 ₿ 46: 0.94 ₿ 47: 0.93 ₿ 48: 0.92 ₿ 49: 0.91 ₿ 50: 0.9 ₿ 55: 0.8 ₿ 60: 0.7 ₿ 65: 0.6 ₿ 70: 0.5 ₿ 75: 0.4 ₿ 80: 0.3 ₿ 85: 0.15 ₿ Death: 0 ₿ 15 → 40: Stack hard 40 → 80: Spend slowly Are you on track? 🤔

@BitcoinRachy 2 eth

How much Bitcoin do you think I own? Real talk.

Secret to a good life. Buy a house. Invite people over

@BTC_for_Freedom So you're going to start spending, your 1 bitcoin, that's currently worth $71,000, at age 40?! And then tell other people that that's a good plan? You are not a serious person.

@GovPressOffice So you are admitting that government is wasteful and basically just hemorrhages money?

Hey Nick Shirley … any insight here?

In the grand scheme of things, do you feel it is more important to be honest or to be nice?

@theswansjr Well said

Peter Schiff spent 40 years screaming that fiat is a scam. He was right. Peter built an entire empire warning people about monetary debasement, inflation, and central bank tyranny. Great work! I started stacking metals in 2011. Then Bitcoin arrived, the solution all sound-money enthusiasts had been waiting for. Hard-capped. Self-custodied. Unseizable. No government control. No custodian. Everything Peter claimed to want in a monetary asset, delivered by math instead of human decree. And he attacked it. Not because Bitcoin was wrong. Not because the thesis failed. I can only imagine it’s because he sells gold. That’s it. The man built a cathedral to sound money and then locked the doors when the congregation showed up. I’m sure Peter is doing well, and that’s good. I wish him and his family well. He has done a lot of great work, but I can’t help thinking there is something missing in his story. Peter could have been a Michael Saylor–type figure. He could have built a Bitcoin bank. He could have been the bridge between the gold bugs and the protocol. Instead, he chose to die on a hill made of a metal that failed precisely because it requires the custodians he spent his whole career warning you about. This is Kodak holding a digital camera in 1995 and saying, “Yeah, but film is real. Digital images are imaginary.” This is Blockbuster watching Netflix ship DVDs and laughing from behind a late-fee counter. Except worse. Because Peter knew. He had the framework. He had the audience. He had the mission. He was well equipped to see bitcoin well before most. Decades of fighting fiat. The weapon finally arrives. And the man ignores the best solution sitting right in front of him for 17 years. Tick tock, Peter.

@PeterSchiff None of this would've happened if you just used bitcoin Peter.

It has now been three years and eight months since the Puerto Rico government shut down my completely solvent bank under the pretense of protecting customers who needed no protection at all. Even though I was prepared to return 100% of deposits to all customers on the day the government took over to “protect” them, to date fewer than 1% of the bank’s customers have had their depsoits returned. Compounding the problem is that about $90 million of the bank’s assets, at current market value, that was transferred to Qenta, an entity controlled by Brent De Jong, to hold on behalf of the bank and its customers, has not been returned. That represents over half of the bank’s total assets, the vast majority of which are owed to customers. But none of this would have happened had the OCIF Commissioner, the government banking regulator in Puerto Rico, not cooperated with the IRS and other J5 tax chiefs to frame the bank for financial crimes it did not commit. Those corrupt government officials used the closure of the bank and complicit media to fool the public into thinking the bank was facilitating tax evasion and money laundering, so they could take false credit for putting a stop to it. The bank’s thousands of innocent customers were acceptable collateral damage in the fraud.

I have love for all people. Unless they wish harm upon me, my family, or my community. End of story.