People need to stop saying things like schizophrenic, it detracts from what it actually is. Incompetence.

Hmm today I will re-read the Declaration of Independence

"Only I'm allowed to max extract" -Trump

Ancaps decry centralization soon realize they wouldnt be kings of the yard.

Everytime the right says "leftist rhetoric is fanning the flames" look at this.

Reminder - Trump literally calls the left demonic.

Here’s a hard truth about modern society. We don’t practice Capitalism anymore. Rather, for the last 40 years we’ve been conducting a horrific experiment called “neoliberalism”. And we’re near the terminal point in that experiment, a stage I’ve been calling metastatic market

Reading Tolys' takes makes me bearish Solana.

After last cycle crypto was already known as the scam asset class, so crypto morons decided to put all their eggs in the basket of a man who built his entire life around scamming. Seems good.

People who think this is capitulation havent seen capitulation. Capitulation is giving up, people havent given up yet. Bottom forming takes time.

BTC down roughly same % as alts. Dont see that often. Alts already capitulated?

This is also what allows trump to succeed in the first place. Easier to con someone then get someone to admit they were conned etc.

Acting like the goal of even good teams making good products isnt to max extract from people is naive. The outcome of good projects and good products for the average crypto investor is nearly identical to the outcome of meme/scam coins.

Watching all the free market enthusiasts wrestle with the fact that unregulated markets converge on leveraging human biology - unhealthy food, sex, gambling etc to optimize profits, is pretty amusing at this point.

Free market enthusiast discovers in real time that top quality labour is not entirely motivated by money. Next step - wondering if it's capital efficient to give so much capital to these people in the first place if it isn't actually the primary motivator anymore.

The next generation discovers "all the good ones are already taken" sentiment in real time with psych spin.

Interesting read, but I am concerned at the idea that companies benefitting from increased efficiency will redeploy when we have seen what actually happens is stock buybacks.

Constantly champions capitalism. Also claims companies are so inefficient and stupid they keep paying upwards of 80% of their workforce to do fake jobs.

Credit where credit is due. Ignoring the potential long term consequences of the legality of the actions taken, if Trump manages to topple maduro and, more consequentially, the Iranian regime, without full scale war, the world is a better place.

Chart shows 5% pre 2016 and rises to 30% today. What happened around 2016? Wonder if it's related to electing Mr "grab em by the pussy"?