Ply over Ply ₿ @BladeCutsClean

One of the highlights of the Warsh Fed has been watching stenographers posing as journalists, like the WSJ’s Nick Timiraos, reduced to reporting Fed backroom gossip because they’re incapable of performing real economic or monetary policy analysis without being spoon-fed.

This is likely our last chance to get real legislation for digital assets on the books before 2030. If we fail to pass the Clarity Act, we are ensuring another country will write the rules for digital assets and we spend the next decade catching up.

Two hundred and fifty years of American innovation, American freedom, and American grit. The Clarity Act is this generation's contribution to that legacy. Let's finish the job!

Bitcoin is a REVOLUTION. It is much more than number go up. It is an invention which can free humankind from the long sad history of monetary debasement, which empowers few and taxes everyone else. In a fiat system the wrong people win. We all pay for it. It is unjust and unfair. Throughout all of human history we never had a monetary standard that did not dilute over time. Now we do. Those of us who are partisans and are fighting for it understand the stakes. Freedom, fairness, prosperity, less war, etc. Unsound money is the issue of our age. Currently few see it, but this will change. This Fourth Turning is well on its way and the monetary issue will be resolved. As I observe the current Bitcoin landscape and the attacks on its leaders i am reminded of the opening of Thomas Paine's second writing, The American Crisis. Written in December 1776 after Washington had gotten his ass kicked on Long Island and retreated from Brooklyn and through New Jersey, Paine wrote: "These are the times that try men's souls. The summer soldier and the sunshine patriot will, in the crisis, shrink from the service of their country: but he that stands by it now, deserves the love and thanks of man and woman. Tyranny, like hell, is not easily conquered; yet we have the consolation with us, that the harder the conflict, the more glorious the triumph. What we obtain too cheap, we esteem to lightly: it is dearness only that gives everything its value." Sound money has to win. Sound money will win. History will be kind to sound money partisans. This is about a lot more than number go up. Don't forget why we are in this fight. Spread the word. The system they run is evil. We know the antidote. Time is on our side.

The Clarity Act. Standards, Strategy and America’s Next Own Goal Will the US Let China Set the Standards for the New Digital Financial World? Secretary Bessent has been unambiguous about what is at stake: standards are strategy. In a world where code increasingly substitutes for law, whoever defines the protocols of the next economy will, in effect, write its rules; those who do not will live under someone else’s operating system. As Bessent puts it, you either set the standards or live under standards set by someone else. The live question is whether Washington is prepared to score another own goal and allow Beijing to set those standards for the emerging digital order. Read through that lens, the Clarity Act looks less like a boutique exercise in financial regulation and more like a statement of national security doctrine. Passing it is, to my mind, a national security decision masquerading as a regulatory one. The United States has seen this pattern before. A muddled, complacent policy regime allowed critical parts of the semiconductor supply chain to migrate offshore, forcing Washington into emergency industrial policy to claw back capacity. The lesson is simple: cede the standards and you will eventually cede the industry, and with it leverage over its geopolitical use. Digital finance now sits at a similar hinge point. Bessent’s remarks in New York stripped away any remaining ambiguity. This is not about speculative assets at the periphery of the system; it is about the future of money and the plumbing that carries it. Financial technology is being treated as critical national infrastructure. Digital assets, tokenization, stablecoins and new payment systems are not curiosities, but the rails on which trade, savings and statecraft will run. The global economy is already drifting toward value being recorded and settled on blockchains. The question is not whether that transition happens, but whose standards mediate it. Does the United States define the protocols and keep its capital markets and the US dollar, at the centre of this new settlement fabric, or does it once again allow the ecosystem and its norms to crystallise elsewhere, particularly in Asia? Traders still assume the Clarity Act will die in committee. Bitcoin Maxis are fighting amongst themselves. DC keeps delaying, Wall St wants the status Quo. That complacency is not just naive; it is dangerous. The global economy is moving onto digital rails whether the vested interests in Washington and on Wall Street like it or not. The choice is stark: either the United States sits at the centre of this new global digital platform, or it reconciles itself to running on rails designed in Beijing or Brussels. Bessent’s argument is brutally simple. If America intends to remain the reference point for money, markets and standards, it must set the rules of this new system. That means treating digital financial infrastructure as a core national security interest, and passing the Clarity Act as if the strategic balance depended on it, because in time, it will.

I’m about to tell you something that will piss you off (but you need to hear it): You are 50× more productive than someone in 1950. So why aren’t you 50× wealthier? Your grandfather built cars by hand. You design them with computers. Your great-grandmother calculated by slide rule. You process data at light speed. Every productivity gain should have made you richer. Instead, wages don’t keep up with prices as… • Houses cost 10× more relative to income • College costs 20× more • Healthcare costs 15× more All those productivity gains should flow back into the economy to everyone. But where did they go? The banking cartel siphoned it off through money printing. Every dollar they create dilutes the dollars you earn. Productivity gains taken. Right under our noses. Trillions stolen. Bitcoin ends the heist. With hard money, all productivity gains go to holders of Bitcoin. Thus, life gets less expensive. Understand?

After 15+ years of forecasting the demise of @saylor and Bitcoin’s collapse, your latest claim, that short sellers can force MSTR into selling BTC to escape ‘the box’, reads as entrenched narrative rather than analysis. Saylor has repeatedly engineered capital structures precisely to keep accumulating without forced liquidations. The box you speak of exists mainly in the forecasts of those who have been consistently wrong on the largest monetary innovation in decades. Furthermore; the selective application of your professional analysis is consistent. You’ve even gone so far as to defended large institutional investors amassing single family homes for rental portfolios as efficient markets at work, arguing that restrictions are unconstitutional and would harm renters by reducing supply. Yet for families competing against those same portfolios for ownership in constrained markets, this ‘free market’ stance looks like enabling the financialization of shelter while dismissing the very real barriers to home ownership. If decades of predicting the inevitable failure of Bitcoin and @Strategy, while framing it as public service is the standard, it reflects a striking degree of intellectual rigidity on your part. It may be time to update your thesis to align with observable reality rather than the other way around.

Peter Schiff @PeterSchiff

a month ago

If short sellers push $MSTR's price low enough, they can put @Saylor in a position where his best option would be to sell Bitcoin to buy back stock. That would reduce the discount, but it may not raise the share price, as Bitcoin will crash. That's the box Saylor put himself in.

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I would like to see you make a voluntary contribution of 5% of your family’s $200M net worth to the government for important healthcare, childcare, and jobs. Don’t worry, it’s just one-time. Your $10M contribution will provide free childcare for over 1,000 California kids for a year! Once you’ve made your personal contribution to a more just and equitable society, I’ll support all your other asset seizure ideas. But you gotta go first…

Bitcoiners agree on the 99% that matters. We shouldn’t let the 1% divide us while nearly all global capital has yet to enter Bitcoin’s monetary network. The opportunity is bigger than the argument.

The World Cup has turned America into a discovery channel for the rest of the world. And they are not handling it well. In the best possible way. Here is what they are discovering: Free public restrooms. Europeans pay every time. Free water at every restaurant. Just appears. Free refills. Coffee. Sodas. Iced tea. Unlimited. Free chips and salsa before you even order. Free warm bread with dinner. Ice in drinks like civilized people. Air conditioning everywhere. Not a moral debate. A fact. Parking lots attached to the actual place you are going. Drive throughs where the food comes to the car while you sit in it. Ranch dressing by the gallon. Tex-Mex that cannot be explained only experienced. Dental care that actually works. Buccee’s. There are no words for Buccee’s. Then they found the grocery stores. Five of them within one mile. Each one the size of an aircraft hangar. Burgers. Steaks. Brisket. Ribs. Pulled pork. Lamb. Veal. Every cut of every animal ever domesticated by human civilization available in one refrigerated aisle at ten in the morning on a Tuesday. The Germans stood in the meat section for forty five minutes. In silence. Processing. They finally understand why we do not have trains. We have roads wide enough for the cars we actually drive. Parking lots the size of small European countries. Airports in every city worth visiting. Why would we need trains. The Germans are taking ranch home by the bottle. The Dutch found queso and briefly lost the ability to speak. The Japanese are photographing HEB like it is the Louvre. The Czechs are weeping in West, Texas. Welcome to America. Everything is free, enormous, air conditioned, comes with chips, and has five grocery stores within a mile that will sell you any cut of any animal you have ever imagined. Write that down. 🦋

@garrytan Bernie takes his communism seriously

Joe Rogan just revealed that presidents and former presidents personally pressured Spotify to have him removed for "vaccine misinformation." And not one of them apologized when his questions turned out to be right. He says he still can't talk about most of it. What he will say is that the campaign was coordinated, expensive, and came from the very top. ROGAN: "They tried to crush my sponsors. They organized campaigns. There was PACs involved." ROGAN: "I can't even talk about it. But there was presidents involved and former presidents involved that were contacting Spotify. Trying to get me removed for vaccine misinformation." ROGAN: "And it turned out to be right. All of it." ROGAN: "Not a single apology from anybody. Not a single retraction, not a single mea culpa, not a single 'we were wrong.'" The pressure failed. Joe's audience grew. And the people who tried to silence him never had to answer for any of it...

1) The US already collects FIVE TRILLION DOLLARS OF TAX REVENUE A YEAR. The idea that you need to collect even more taxes — when you parasites already confiscate the equivalent of Elon’s entire net worth five times over, every year — is lunacy. Stop wasting billions of dollars a month of stupid bullshit. How about that for an idea? 2) We do not need more children in taxpayer funded daycare centers. Our goal should be precisely the opposite of that. We need more women at home raising their kids.

Elizabeth Warren @SenWarren

2 months ago

If Elon Musk paid my ultra-millionaire wealth tax, we could pay for child care for all three and four year olds in America.

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History's first trillionaire is a guy who catches rockets out of the sky with chopsticks and beams internet to every dead zone on the planet. Same guy ships cars that drive themselves, humanoid robots for the factory floor, brain chips that let paralyzed people move a cursor with pure thought, and an AI running on a supercomputer his team stood up in months instead of years. And the people crashing out about his net worth are doing it on the app he owns. The same app governments spent years trying to censor. You cannot legislate a rocket into orbit.

Bernie Sanders @BernieSanders

2 months ago

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Every single person who still cringes at the memory of trying to bullshit their way through an interview or exam question: today, the slate is wiped clean. Set down your burden of shame. Nothing - nothing, I say - could touch this.

Senator Warren is the worst form of political opportunist, relying upon ENVY for power, despite the EVIL such an agenda represents…. She is a parasite, who’s built nothing, done nothing but complain, yet is rich by any standard. Yet, her goal of taking wealth from the most productive builders of our time to give it to a government that squanders most of what it spends, is politically popular among many, despite the obvious stupidity of the idea.

Elizabeth Warren @SenWarren

2 months ago

Elon Musk just became the world's first trillionaire. The typical American household would have to work more than 11 MILLION years to make Elon Musk's level of wealth. We need a wealth tax.

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Hey Jasmine… Black pilot here. I think you missed the plot. Then again, that’s becoming a pattern. I graduated from West Point. I went through Army flight school. I learned to fly the AH-64 Apache. I deployed to combat and flew 55 combat missions over Baghdad. Nobody handed me a cockpit because of my skin color. Nobody lowered the standards for me. Nobody looked at me and said, “Let’s check a diversity box.” That’s what people like you don’t seem to understand. Suggesting that Black pilots, Black engineers, Black doctors, or Black leaders need special preferences to succeed is not empowering, it’s insulting. I didn’t want a different standard. I wanted the same standard. And when you’re flying into combat, the American people don’t care what race the pilot is. They care whether the pilot is qualified. Merit isn’t racist. Excellence isn’t discriminatory. And reducing every achievement to skin color says far more about your worldview than it does about mine.

Old rule: narrative follows price. We’re in the “Bitcoin is dead” phase of the script, eulogies, scam talk, and capitulation, right before the Clarity Act Bill is set to pass, a classic case of emotion and backward‑looking stories overpowering logic and forward policy reality. It’s textbook market psychology: price collapses first, emotion and narratives rush in to rationalize the move, and only later does the structural catalyst arrive that will, in hindsight, make this washout look like a fantastic buying opportunity. Rinse and repeat. Have a nice day.

@WalkerAmerica Palm Springs

Jamie Dimon hating on @brian_armstrong, claiming Brian’s “full of shit” is quite possibly the greatest de facto endorsement of a CEO in FinTech history.

Bitcoin.com News @BitcoinNews

2 months ago

🏦 JPMorgan CEO Jamie Dimon warns stablecoins could become a "huge problem" and says he is not happy with the Clarity Act. 🎙️ When asked about Coinbase CEO Brian Armstrong representing the industry, Dimon said, "He's full of sh!t."

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