Mike Kitt

1/ My speech for @CityofVancouver regarding motion #3, encouraging the city to explore the economic benefits of adopting the #Bitcoin standard for the city. This motion was approved! youtu.be/v8RP2ybPCA0

@ZackStrength It’s not

so you're telling me spirit airlines was in trouble, knew they had to do something, and attempted to participate in the free market by allowing jetblue to acquire them. the government then stepped in and said, “no, you’re not allowed to participate in the free market, " denying the acquisition. so then spirit, knowing that they were about to fail, seeks a government bailout, only to be told, "no, you must participate in the free market” to which they were denied participation in. this doesn’t seem like free market capitalism to me.

Trust but verify.

@aisarcore Forced hodl is the premier strategy

In 2014 a 19-year-old MIT student raised $500,000 and gave every undergraduate on campus $100 in Bitcoin. Most of them spent it on sushi. That sushi cost them $44 million. — Jeremy Rubin was a sophomore studying computer science when he got into a legal battle with the New Jersey attorney general who called him a "hardcore hardened cyber criminal". — His crime was building a Bitcoin mining program that won an innovation award at a hackathon. — He was eventually cleared but what stuck with him was that even his friends at MIT had never heard of Bitcoin. — He raised $500,000 from alumni and Bitcoin enthusiasts and in October 2014 gave every undergraduate student at MIT $100 worth of Bitcoin about a third of a coin at $336 per $BTC. — 3,108 students signed up — The experiment became the first academic study on Bitcoin adoption ever conducted. — One in ten students cashed out within two weeks. — One in four had sold by 2017 — The ones who forgot about it entirely did the best. — The most common way students spent their Bitcoin was at a single sushi restaurant called Thelonious Monkfish. — The only place on campus accepting Bitcoin at the time. — One student estimated that half the people he knew spent their entire $100 on fish. — One student spent hers on two sushi dinners and forgot the rest existed. — In 2021 she found her wallet still sitting untouched. — Her $100 of Bitcoin was worth $13,000. — If every single student had done nothing the entire $500,000 experiment would be worth ove $110 million today — One student told reporters "Most of us thought it was a bit of a joke" The smartest students at the most prestigious engineering university on earth were given free Bitcoin in 2014 and spent it on sushi. The ones who forgot they had it became the winners. Sometimes the best investment strategy is just losing your password for a few years.

Your double em dash is showing

Log back into X after hiatus to study First post is a dunk on Trudeau Feels good to be back

@adiix_official This clip gives major SBF vibes

> be Chinese coder > deposit $5 on Polymarket > write 200 lines of Python > bot sells YES on outcomes with ~0% chance > bot arbitrages logical gaps between correlated markets > bot farms dumb sports bettors 24/7 > wake up with $6.5M Why aren’t you doing this?

This is why you should question the accuracy of stats on how many bitcoin are "lost". UTXO not moving does not equal lost.

@BitcoinNewsCom Yeah, I knew he was going to say Roger Ver. He’s clearly been in his ear.

NEW: Tucker Carlson says he’s a hard "NO" on Bitcoin, claiming it was created by the CIA and calling himself “a gold person.” “I fear it’ll become a scam run by financial elites and politicians to tighten control over society… Nobody can tell me who Satoshi is. I grew up in a CIA family.”

@fece_lord Buy low sell high

Been sitting here all night trying to wrap my head around this 2,500,000 sf building built at $1,600/ft

In business school, one of my best professors initiated a great debate on the national security implications of not outsourcing food production. Pretty strong case you want to have control over your basic necessities.

#bitcoin is a $2T asset because: It did not prioritize: - transaction speed - programmability - privacy It prioritized: - immutability - security - simplicity Trillions in value says this was the right way of doing things Everything else will be accomplished with layers

@igetredpilled It is interesting Per capita emissions coincide with GDP per capita You can see china is rapidly increasing while US/CA decreasing China rapidly industrializing and increasing wealth per person We are stagnant and adopting new technology, bringing emissions down

What’s really insane is Canada emits almost twice as much CO2 per capita than China.

@Molson_Hart Canada doesn’t have states🙂‍↕️ Trans-Canada links multiple provincial highways. It’s uninterrupted & not 2 undivided lanes the whole way. Montreal - Vancouver via US cuts Lake Superior. Yes, it’s a shorter distance Inter-provincial trade barriers are real. Geography problem

Today I learned that Canada doesn’t have an interstate highway network. If you want to drive west from Toronto to Vancouver you’re going to drive two lane roads with no dividers. In fact, if you ask google maps to route you from Montreal on the east coast to Vancouver, it suggests driving through the United States. Also, there (this may be changing now) are big barriers to trade between provinces so trade has usually been north to south (to the USA) instead of Intra-Canada. Such a weird country.

@BenjaminHouy The great German pastime of following rules doesn’t equate to a vibrant start up environment

Moving to Germany was the single biggest mistake I ever made in 12 years of running a business. I genuinely have no idea how this country even runs. My advice for people thinking of running a business from Germany? Run and never look back.

@christoaivalis Public = government = paid with taxes This is welfare More competition would start with reducing trade barriers & ending supply chain management.

Avi Lewis is proposing a public option He's NOT banning or nationalizing Loblaws, Sobeys, or Metro. He's gonna keep the oligopoly honest by competing with them Isn't more competition a good thing?

@SteveSaretsky These replies holy

@SteveSaretsky Reading is hard 😅😅😅

Canada adds 60k new jobs in September, more than 10x estimates. Random number generator confirms economy is booming again.

That is a lot of stonks

@paleonormie *Until you factor in city of Chicago taxes

Chicago is gonna displace Brooklyn as the beating heart of youth culture, in some ways it already has Interesting weirdos can’t thrive without cheap rent

@HarryStebbings Will anti-competitive countries use this as an excuse to tighten the rules on regular earners and make capital & physical flight more difficult? Likely

If I was Nik I would have absolutely made the same decision. 18% holding of Revolut. Company will be worth $200BN without a doubt. $36BN position at that price. His cap gains bill alone would be $8BN-$10BN. Now in the UAE it will be $0. The Labour government has to realise we are in a global war for talent. Sad and mega loss for the UK.