Wandering Nomad retweetledi
Wandering Nomad
54.6K posts
Wandering Nomad
@progfunfoam
Programmer,PL Enthusiast and Fluid Dynamics Student.
Katılım Ekim 2013
46 Takip Edilen441 Takipçiler
Wandering Nomad retweetledi
This is one of the most anti-crypto laws in the U.S.
It taxes the exchange, transfer, or storage of digital assets—you buy BTC, you pay a tax; you hold your BTC on Coinbase, you pay a tax; and so on.
There is effectively no comparable state financial transaction tax on stocks, bonds, or derivatives anywhere in the country. That means crypto is being singled out in violation of several federal laws.
Further, the approach makes little sense—you aren’t taxed if you exchange a stock, bond, or derivative in paper form, but you are taxed if they happen to be recorded on a blockchain? That’s like taxing email.
So, rather than embracing innovation and the cost efficiencies blockchains can deliver for ordinary people in Illinois, the state is poised to punish its entrepreneurs and citizens that want to use crypto.
This is a shame—it was only just recently that Illinois embraced a constructive approach to blockchain technology through the adoption of the effectively-scoped Digital Assets and Consumer Protection Act. This new tax is a complete 180.
When states adopt discriminatory, asset-specific taxes that drive builders and users elsewhere, we all lose.
Crypto Council for Innovation@crypto_council
Illinois Governor Pritzker just signed the most punitive digital asset tax in the country into law. This will create an unprecedented tax regime that disproportionately burdens Illinois residents for simply using digital assets and will drive innovation and builders out of the state. Read CCI’s opposition letter for more.
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Wandering Nomad retweetledi
Wandering Nomad retweetledi
$META threads crossed 500M monthly active users.
I love the company… but seriously… who are these people? 😂🙂
I have never met a consistent user of that app.
And it feels like a ghost town compared to this one despite roughly similar monthly user counts.
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I don’t know a single person who uses Threads
Kaushik@WisemanCap
$META Threads reaches 500 million monthly users, adds new features
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@StockMKTNewz That’s why I prefer 𝕏. Elon would never hit us
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Elon’s actually using 0% of proceeds because It’s an all stock deal.
Also, $SPCX could raise another $50 billion today for 2% dilution. 👀
Motorhead@BradMunchen
lmaoooooooooo! What other IPO uses up 70% of its proceeds on day 2, and will be forced to finance in the following months? 🤣 $SPCX $TSLA
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@cb_doge The communist Democrats would rather that we all can’t afford any things so that we have to depend on them for handouts.
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This photo was taken in our rent-controlled apartment in Toronto, with my mom‘s painting on the wall. The suit cost $99 which included a free shirt, tie and socks. A great bargain! He wore this suit every day to his bank job in Toronto. I couldn’t afford a second suit. We were happy 😃
DogeDesigner@cb_doge
Elon Musk in 1990.
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@TheStreetsofATX @mayemusk So your position, which you’re standing by, is that this image was created by AI *before December 11, 2024*?
You don’t find Occam’s Razor more persuasive in this case?
Weird hill to die on.
Maye Musk@mayemusk
This photo was taken in our rent-controlled apartment in Toronto, with my mom‘s painting on the wall. The suit cost $99 which included a free shirt, tie and socks. A great bargain! He wore this suit every day to his bank job in Toronto. I couldn’t afford a second suit. We were happy 😃
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The President has been clear from day one: Iran will never have a nuclear weapon.
Once again, President Trump's efforts to establish peace have paid off for the American people, despite countless attempts to thwart it by people who hate America and President Trump.
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The AI revolution needs more funding:
Net equity issuances are estimated to rise to ~$200 billion in 2026 and surge +500% YoY in 2027, to ~$1.2 trillion, according to JP Morgan.
This includes IPOs, secondary offerings, and other share sales after accounting for buybacks.
Combined, this would be the largest 2-year period of net stock issuance since at least the late 1990s.
This marks a sharp reversal from ~$12 trillion of shares repurchased in the previous 20 years, shrinking the available stock supply consistently each year.
The surge is being driven by SpaceX's, $SPCX, $85.7 billion IPO, the largest in history, alongside upcoming mega IPOs from OpenAI and Anthropic.
At the same time, Alphabet, $GOOGL, Meta, $META, and Oracle, $ORCL, are expected to raise hundreds of billions in secondary share offerings to fund their AI spending plans.
We are about to witness a historic wave of US equity issuance.
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Here's to @elonmusk, one of history's greatest entrepreneurs, for proving the experts wrong, over and over again. 🇺🇸 9/9
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There are many more examples, but my favorite is from the often-wrong-but-never-in-doubt Neil Degrasse Tyson, in 2015. Note the certainty from Tyson (an astronomer), in making economic and investment predictions far outside his expertise. 8/9
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These predictions weren’t always baseless. Tesla and SpaceX faced real near-death moments, production hell, exploding rockets, and cash crunches. But, over and over, the "experts" were wrong.
They failed to take seriously Musk's own line: “Failure is an option here. If things are not failing, you are not innovating enough.” 7/9
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Mid-2010s onward: Many aerospace industry experts, legacy contractors, and commentators were deeply skeptical that routine, economically viable reuse of orbital rocket first stages was feasible or worthwhile. They often dismissed vertical landings as impractical or a publicity stunt.
Dramatic reality: SpaceX achieved the first successful Falcon 9 booster landing in Dec 2015. Reuse is now routine (boosters flown 10–20+ times). Launch costs plummeted, enabling Starlink’s thousands of satellites and record launch cadence. SpaceX became the world’s leading launch provider by far. 5/9
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2008: SpaceX’s literal do-or-die moment. After three failed Falcon 1 launches, the company was nearly out of money amid the global financial crisis. Musk had poured in personal funds; Tesla was also on the brink.
The fourth launch was widely viewed as the last chance. Failure would likely end SpaceX.
Reality: Sept 28, 2008 — Falcon 1 reached orbit. It saved the company, unlocked NASA contracts worth billions, and launched the reusable rocket era. SpaceX went on to dominate commercial launches. 4/9
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Late 2017: Media narrative: Tesla was burning cash at a terrifying rate (~$8,000/minute cited in coverage) with huge losses, leverage, and Model 3 ramp problems. Short sellers and commentators discussed or predicted bankruptcy.
The reality: Tesla navigated the crisis, achieved positive cash flow, delivered hundreds of thousands of vehicles annually, built Gigafactories, and helped accelerate the global EV transition. 3/9
Source: TechCrunch (Nov 26, 2017) → techcrunch.com/2017/11/26/in-…
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Dec 2017: Legendary short-seller Jim Chanos (who correctly bet against Enron):
“We think the equity is worthless.” Tesla was “headed for a brick wall.”
He cited missed deadlines, cash burn, and skepticism about future products. He had been short for years and added to the position.
What actually happened: Tesla survived “production hell,” turned consistently profitable, scaled globally, and became a dominant EV force. Stock delivered massive gains from 2017 levels; market cap exploded from tens of billions toward trillion+ peaks. Chanos’ short reportedly caused major losses for his fund. 2/9
Source: CNBC interview (Dec 14, 2017) → cnbc.com/2017/12/14/jim…
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Now that @elonmusk has become the first trillionaire in history, let's recall some of the media personalities, short sellers, analysts & industry "experts" who predicted his companies would fail or go bankrupt. Many were spectacularly wrong. 🧵 1/9
Fox News@FoxNews
BREAKING: Elon Musk has become the world's first trillionaire. After SpaceX raised a record $75 billion in its IPO, Musk’s net worth shot up to top $1.1 trillion when the stock began trading Friday, putting him in an economic class of his own. Combined with his holdings in electric vehicle maker Tesla, as well as other investments and assets, Musk's net worth is now estimated at about $1.1 trillion. Musk's stake in the rocket and satellite company alone is now estimated at a staggering $690 billion, but it's also a life-changing moment for thousands of workers at the company who hold equity. Investors who watched Musk help turn Tesla into an automotive giant are now betting he can do the same in space and artificial intelligence, as SpaceX launches the largest IPO in history.
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