Are we surprised? Lifelong grifters gonna grift

Trump/Elon: hold by beer (as they shut down NOAA)

I'd keep my expectations very low for this. I imagine it will be a bunch of suits, ranging from VCs to shitcoin founders (cardano, xrp) to hedge fund billionaires.

Trump being elected was certainly positive for the shitcoin/memecoin industry and the crypto casinos (coinbase, gemini, etc...) but I really don't see anything positive for bitcoin coming from him.

Its not a stupid bet if you have conviction about something. Its one thing to say you believe something, its another to put your money where your mouth is. I believe bitcoin price will hit an ATH before 10/1 and am willing to bet some sats on it.

We are all making a bet whether we think about it or not. You are making a bet that bitcoin is a good money and will continue to be in the future (by presumably holding all your net worth in bitcoin). That is a bet.

Would you care to put some sats on it?

I'd wager 1M sats that we hit a new ATH before EOD 10/1/2025 if you're game!

True. But my point is that bitcoiners thought they were putting "bitcoiners" in office by giving them money/votes.

Instead it seems what we'll get is a hastening of a ("privately held by a corporation") CBDC and more financial tyranny.

I'd imagine, just like with doge, it will all be a selective release of information that doesn't show any malfeasance by anyone aligned with the current administration.

If Trump and a bunch of other republicans aren't on those logs, you'll know this is a BS release.

“I think tomorrow, Jesse, breaking news right now … you’re going to see some Epstein information being released, by my office,” Bondi told Fox News’s Jesse Waters late Wednesday.

I'd check out the book "Confessions of an Economic Hitman". You can also listen to the author on some podcasts/youtube videos if you don't want to read the book. He worked for these economic institutions and blew the whistle on exactly what "prevents them from changing their minds".

They start with the carrot (give you money, pay you off) but then quickly move to the stick (overthrow your government or simply assassinate you). Its an amazing read.

I don't think most foreigners who have amassed so much wealth outside of America that they could throw $5M at a US citizenship path would care to do so. First of all, you've already made it. Once you have that kind of money, you can live like a king in most countries around the world. Not to mention, you are likely older in life and have deep roots elsewhere.

But most importantly, with that kind of money, why subject yourself to a lifetime of US taxes? Instead, just visit whenever you'd like to as you'd easily be granted visitor status as needed and enjoy the normal residency based taxation that almost every other country in the world adheres to.

Check out this site, it may help you (or others) come up with their number. Of course, it all depends on the assumptions on price appreciation, which is an unknown. But at least you can model out different scenarios:

Nope, one does not need to defend the negative.

I don't have to defend a claim that there aren't rainbow colored unicorns that piss from the sky causing rain. I don't have to defend the claim that there isn't a fat cookie loving guy who rides reindeer once a year sliding down chimneys dropping off presents to children.

You must prove your affirmative, extraordinary claim. The burden of proof lies with him who asserts something. If you assert there is a god, prove it.

I can simply say, I see no proof of such a god existing so I don't believe he/she/it/they exist, just like the unicorns and santa claus. Bring me the proof and then lets talk.

Thanks for sharing those guides!

Question for you, what do you think about ecash? Particularly for 'cleansing' coin history?

It seems to me the tradeoff is that you lose custody but it has great privacy. So would it be wise to, for example, send 100k sats to an ecash mint and then over lets say 1 day or so withdraw the 100k sats in chunks back to my self custody?

don't trust, verify.

this is ultimately my issue with doge. it is elon touting all of these alleged savings, all of this alleged fraud and alleged abuse and alleged criminal activity and he has the largest mouthpiece of anyone in the world. but there is no way to fact check him in real time. and once he has shouted these things from the rooftops, almost all people from his party and many from the opposing one will believe them because "why would he lie"

When (or more likely IF) he every issues a correction, its too late and the damage is done.

But ultimately, I think this is a feature not a bug. When asked about this specifically, he said, "I will make lots of mistakes, no one bats 1000" and he presented no solution. The point is to sow distrust and he is doing an effective job so kudos

I think that moron Doc Kruger (think thats his name) said he was going to do the same when the ETFs were launching. turns out he was both a moron and a scammer (released some shitcoin that he pump/dumped)

he lives in a jurisdiction that doesn't have capital gains tax. he said as much in his twitter post :)

By privatize, do we mean reduce quality of care, go back on the promises we made to people who paid into the programs and inserts tons of leeches into the system that will profit off the system?

I'm all for reforming these systems, but the answer can't be let donald's healthcare billionaire friends make billions off it while americans suffer.

Donald said we spend the most per pupil and have the worst education results amongst 1st world countries. He said the only solution is the nuke the system.

Well, healthcare is even worse.

have FU money or at least an FU money attitude prior to the interview.

I've always done really well in interviews when I didn't care about the outcome. I was more relaxed and willing to say what was on my mind. I didn't have concern about "saying the right thing" or giving the traditionally correct answer to the question.

Elon's post has been community noted as apparently the government uses MySQL which surprise surprise he wasn't aware of when he posted his comment.

I guess he did tell us in his press conference yesterday "I will be wrong many times"

Only issue is he says things so assertively and it reaches such a broad audience that even if someone else bothers to correct his statement, the original was already in the wild and hundreds of millions of people took it to be correct

So how do I buy my gasoline today?