I talk about crypto, deflation, and politics
Joined March 2011
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Pro-Deflation-Guy retweeted
Witnessed something incredible at the Amsterdam train station yesterday
Fat and loud American tourist was trying to buy a water bottle for €4.50
Threw a €5 bill on the counter and started walking away
""Keep the change man" said in a typical annoying Californian accent
"We don't do tips here. This isn't America" cashier responded
The American tried to leave again but luckily security blocked the exit
"You didn't get your receipt for tax purposes"
"What?"
Store manager appeared with a form
"Did you attempt to give our cashier extra money?"
"That's unreported income. He has to declare it now. Pay social contributions. It becomes €0.24 after tax"
The American was baffled
"Bro but in the US—"
"In the US, workers beg for tips because they're underpaid. Here, we pay living wages" manager swiftly interrupted him
They made him take his €0.50 back and quickly filed an incident report for "attempted tax circumvention"
This is what a properly functioning society looks like
Remember, stocks and crypto are required to tank before Thanksgiving so you look dumb in front of your family
One issue I rarely see mentioned in the AI bull/bear debate: datacenter GPUs (esp. Nvidia’s) are 5–10× overpriced vs. consumer and historical margins. AI margins won’t make sense until we break CUDA’s moat and force Nvidia to drop its margins:
Every great tech company is maintains a balance between ADHD (good at sales) and Autism (good at engineering). You don’t want too much of one or the other. Too much ADHD and you will sacrifice long term strategy for short term gains. Too much Autism and you’ll never make money.
Requesting $ETH funds from the #Stakely Faucet on the Ethereum Holesky Testnet blockchain. Request ID: WCBGSYH6 #privacy stakely.io/faucet/ethereum-h…
Don’t let them gaslight you into believing that the economy is doing fine. The economy is crashing and both you and I know it. Official statistics will eventually come out saying the recession started in May of 2024.
Pro-Deflation-Guy retweeted
Men are great. Masculinity should be celebrated. Boys should have strong role models and should aspire to be great men.
Men build and make things work. Strong men protect women and children and make the world safe from weak men.
When masculinity is devalued then weak, cowardly men and unstable women who despise men rise to power - and things break. American Universities are a great example of this - today nearly entirely run by weak, feminine men and mentally unstable women who shun masculinity and now collapsing in their own stupidity. Liberal cities are another example - emotion driven policies that destroy property rights and sound economics while prioritizing ineffective social causes. Medicine is headed down this path: co-opted by special interests, outright neglect of basic oaths and medical ethics, destruction of informed consent and destructive policies.
Historic iterations of human tyranny were often manifested by extreme masculine traits: direction & destruction - forceful patriarchy. Today’s tyranny is directed by the traits of the smothering mother personified by the woke mind virus. Both extremes are harmful.
Men and women are different and with different strengths. Recognize the value of each.
Pro-Deflation-Guy retweeted
NEW: El Salvador President Nayib Bukele speaks at the 2024 CPAC in the U.S.
"The real problem is that you pay high taxes only to uphold the illusion that you are funding the government, which you are not."
By asking for 7 Trillion, Sam Altman is just expanding the Overton window on how much money he needs to make AI chips. Nvidia's market cap is under 1 Trillion. Now that Sam asked for 7, it will make accepting 1 Trillion to build his own Nvidia seem "reasonable"
5/🧵 Corporate Strategy: The key to pricing power is differentiated added value. Also, spend money to buy information: Bezos rolled out free 2-day shipping using third parties to gauge if the demand uplift was worth building distribution centers.
7/🧵 International Finance: Exchange rate fluctuations can make or break your international venture. While many options exist for temporarily hedging such fluctuations, the best long-term option is to opt for local production.
I recently graduated with honors from a top 7 business school. I attended every class and took copious notes, but the most important lessons in each course could be summed up in one to two sentences. So here is everything I learned in my 200K MBA degree: 1/🧵