“WAGMI” — we're all gonna make it — was crypto's 2021 rallying cry. But those with wealth and power knew it was a lie, and that “all” just meant them. My latest traces the last five years from hype to technoligarchy — and why they're not all gonna make it either.
#cryptocurrency
See tagged statuses in the local bookrastinating.com community
“WAGMI” — we're all gonna make it — was crypto's 2021 rallying cry. But those with wealth and power knew it was a lie, and that “all” just meant them. My latest traces the last five years from hype to technoligarchy — and why they're not all gonna make it either.
The US Democratic party has been abjectly failing in so many ways. This is such a sad and frustrating read on the failures with respect to cryptocurrency regulation: https://lpeproject.org/blog/inside-the-failure-to-regulate-stablecoins/
What was and still is at stake is the balance between technology and humanity struck by the US federal government. The same incoherence that led us to where we are with crypto is almost surely also at play with the apparent lack of movement around generative AI.
#USPol #democrats #DemocraticParty #crypto #cryptocurrency #StableCoins #ShadowBanking #regulation #AI #GenAI
after murdering a bunch of couriers on some (alleged) drug boats trump now intends to pardon former president of #Honduras Juan Orlando #Hernandez who, in between trafficking at least 400 tonnes of cocaine into the US because he wanted to “shove drugs right up the noses of the gringos”, was the guy who set up the network state city of #Prospera with Peter #Thiel etc. as a “special economic zone”.
> "The zone recently made #Bitcoin legal tender and passed legislation facilitating the issuance of Bitcoin bonds. Próspera’s investors include Silicon Valley heavyweights such as Peter Thiel and Marc Andreessen through #Pronomos Capital."
99% chance it’s the Network State/Nerd Reich guys (thiel, andreessen, etc.) up in trump’s ear telling him a cocaine kingpin with whom they founded a fake country deserves a pardon at the same time as they encourage him to …
after murdering a bunch of couriers on some (alleged) drug boats trump now intends to pardon former president of #Honduras Juan Orlando #Hernandez who, in between trafficking at least 400 tonnes of cocaine into the US because he wanted to “shove drugs right up the noses of the gringos”, was the guy who set up the network state city of #Prospera with Peter #Thiel etc. as a “special economic zone”.
> "The zone recently made #Bitcoin legal tender and passed legislation facilitating the issuance of Bitcoin bonds. Próspera’s investors include Silicon Valley heavyweights such as Peter Thiel and Marc Andreessen through #Pronomos Capital."
99% chance it’s the Network State/Nerd Reich guys (thiel, andreessen, etc.) up in trump’s ear telling him a cocaine kingpin with whom they founded a fake country deserves a pardon at the same time as they encourage him to murder the poors who actually do the trafficking with the new weapons systems they’re selling him.
#NetworkState #NerdReich #MarcAndreessen #a16z #PeterThiel #crypto #Cryptocurrency #Pardon #pardons #PronomosCapital #a16z
For the #EpsteinFiles curious among you, I really do recommend you read the man's text messages. Especially the text messages to/from Epstein's bestie #SteveBannon. While you're there you can also read about how Jeffrey Epstein was funding the #bitcoin core development team starting from around 2015 at #MIT (possibly until his death).
Also made some improvements to the Epstein text messages page:
- Highlighted important names ("trump", "jabor", "brock", "#bitcoin", "#SaudiArabia", "#Israel", etc)
- Deanonymized (with help) as many of the #Epstein emails as I could manage based on various kinds of clues, including the signature lines.
- Added an "Other Files" section at the bottom with preview text + links to raw files that are neither emails nor iMessage log files.
- Various other forms of analysis (common signatures, …
For the #EpsteinFiles curious among you, I really do recommend you read the man's text messages. Especially the text messages to/from Epstein's bestie #SteveBannon. While you're there you can also read about how Jeffrey Epstein was funding the #bitcoin core development team starting from around 2015 at #MIT (possibly until his death).
Also made some improvements to the Epstein text messages page:
- Highlighted important names ("trump", "jabor", "brock", "#bitcoin", "#SaudiArabia", "#Israel", etc)
- Deanonymized (with help) as many of the #Epstein emails as I could manage based on various kinds of clues, including the signature lines.
- Added an "Other Files" section at the bottom with preview text + links to raw files that are neither emails nor iMessage log files.
- Various other forms of analysis (common signatures, author counts, etc)
i'm really enjoying posting screenshots of Bannon inviting Epstein to the movies on Bannon's insane right wing War Room tweets. his audience Really Does Not Like the fact that the two were so close and communicated so much.
* Site: https://michelcrypt4d4mus.github.io/epstein_text_messages/
* Post about some of the more alarming things in the Bannon / Epstein discussions: https://cryptadamus.substack.com/p/i-made-epsteins-text-messages-great
#EpsteinFiles #uspol #Bannon #WarRoom #uspolitics #Trump #MAGA #MBS #middleEast #Gaza #EhudBarak #Mossad #Netanyahu #bitcoin #BTC #crypto #cryptocurrency #Jabor #LarrySummers #WoodyAllen #michaelWolff #MITMediaLab #MediaLab #Harvard
Newsletter: Crypto’s latest “infinite money machine” is the digital asset treasury company — a publicly traded firm that exists primarily to accumulate crypto. For a while, these stocks traded at hefty premiums to the underlying assets. But now, the trade is unraveling.
https://www.citationneeded.news/digital-asset-treasury-companies/
This dude sold his life savings into bitcoins 12 yrs ago and then disappeared into void. https://www.bocvip.com/1020958/this-dude-sold-his-life-savings-into-bitcoins-12-yrs-ago-and-then-disappeared-into-void/ #crypto #cryptocurrency
Content warning Shitpost, crypto
Finally a coin I can get behind!
This medical influencer has me totally convinced; I can feel it deep inside.
Pump it!
The curve predictions are really quite amazing. Such an immense potential for personal profit for everyone!
With this, I could save my entire life and that would still not be the end of it!
Let yourself be convinced; you have it in you too. Really, take this video to heart:
Sundog, a memecoin by crypto billionaire Justin Sun, just posted a meme depicting its mascot controlling the White House. Sun has spent (or will shortly spend) a total of $213 million on Trump-connected crypto projects.
h/t @cryptadamist
#PIX is the future of #money!
"I can’t help noticing that Pix is actually achieving what #cryptocurrency boosters claimed, falsely, to be able to deliver through the blockchain—low transaction costs and financial inclusion. Compare the 93% of Brazilians using Pix to the 2% of Americans who used cryptocurrency to buy something or make a payment in 2024.
Oh, and using Pix doesn’t create an incentive to kidnap people and torture them until they give up their crypto keys."
https://paulkrugman.substack.com/p/has-brazil-invented-the-future-of
tucker carlson is shilling some dubiously named crypto investment platform called "#iTrustCapital"
#tuckercarlson #crypto #cryptocurrency #republicans #rightwing #tucker #uspol #uspolitics
just checking in on the financial revolution that was meant to sidestep banks, tech giants, and the state
Just updated my diagram of Trump’s crypto entanglements based on his most recent financial disclosures 😵💫
Full-size image: https://storage.mollywhite.net/trump-family-crypto-projects.png
Disclosures: https://oge.app.box.com/s/k0hxcezgk7j1cyqoue16cillsi9srmfu
I think this is a more or less up-to-date map of the businesses, LLCs, and people associated with the Trump family crypto projects.