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franco
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@LeadingReport What is ranjeet gonna teach me? How to throw human shit more effectively? I’ve been doing it wrong my whole life I need ranjeet to teach me the aerodynamics of human shit. And then he can go back home. Thank you President Trump I prayed for times like this.
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BREAKING: Treasury Secretary Scott Bessent clarified that President Trump’s plan for H-1B visas is to temporarily bring in expert overseas workers to train Americans and then send them back.
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i feel like every so often there are thoughtfully-constructed essays put out that outline a generally pessimistic view of the US economy.
one recent theory i've seen is "yeah trump is balls to the wall crypto because the economy is fucked long term, so stablecoins maintain ongoing global participation in the US dollar"
this sort of stuff sounds compelling, but i feel like you can always occam's razor it:
what's more likely:
1) a politically talented president w/ a storied history of grift and bombast shrewdly recognized crypto voters as a great, potentially tipping-point addition to his voting block, while also providing an opportunity to run wild and make a ton of money in a still-loosely-regulated environment (hello crime super-cycle)
or
2) he did it because he cares about long term economic policy and did a deft master-stroke of a move to hypothetically cement US dollar hegemony
if you've done nothing but DCA into BTC over the past decade, you've crushed it
but i also think that in general, BTC is still very much a risk asset, at the extreme end of risk, and personally think it's best used as a lever to pull to juice USD returns via what's been an astonishingly-telegraphed trade you can put on every few years.
if the US economy or USD is ever durably screwed, i feel like we'll be drinking water out of puddles while dodging roving gangs of armed cannibals, not sitting back in our sats-denominated citadels
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They’re telling everyone out in the open their exact plan and ppl are still somehow confused
Geiger Capital@Geiger_Capital
BESSENT: “Over the medium term, which is what we’re focused on, it’s a focus on Main Street. Wall Street’s done great, Wall Street can continue to do fine, but we have a focus on small business and consumers. We are going to rebalance the economy.” Short-term pain is their plan.
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There will be no political will for a bitcoin reserve when bitcoin is dumping. Trump is not gonna want to look like a fucking jackass with possible headlines about being down 50b on the reserve a couple weeks after it is established. If you are counting on the reserves to stem a bear market, it ain't gonna happen.
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So I know everyone is upset about the whole $LIBRA thing. So honest question since I am relatively new to the space.
People started investing in meme coins because they have no utility and are not considered assets by the SEC?
And if they are not considered assets, then you can’t insider trade then yes?
When the coin launched was any utility promised? Was there any actual plan in place for the funds or to prevent a rug?
If not why did so many people ape in? Did they honestly think it was going to somehow end differently? If so, how did people think it would end?
It just seems crazy to me that everyone is making cries of insider trading, and cabals, and rugs. Because from what I have seen that is basically and literally this whole industry. And they do it because it isn’t illegal because they aren’t considered real assets. So there is actually nothing illegal going on.
These are honest inquiries as I try to understand why people keep putting their money into this stuff and then complaining when it rugs, as it almost always does.
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