Item #1: Michael Saylor’s MicroStrategy Raising Another $500M to Buy More Bitcoin.
Plot twist: this is just a front to acquire the world’s largest private supply of cocaine.This sounds like a Ponzi or pyramid scheme in the making: raise money to buy more Bitcoin, which causes the price of Bitcoin and MicroStrategy stock to rise, which means even more capital can be raised using the inflated stock price as collateral to buy even more Bitcoin, ad infinitum.
A 70-80% Bitcoin correction, like a repeat of 2021-2022 again, will render all these new purchases deep underwater. The smarter move for him would be to raise cash to deploy at a lower price in the event of a major correction, not to buy the Bitcoin immediately. Rushing out to buy Bitcoin at $60,000+ just sounds terrible in terms of risk.
Item 2:
I hate IQ discourse with the intensity of a 1000 suns. People who've achieved literally anything in their life don't need to talk about their IQ because their achievements speak for themselves.
— 🔥Kareem Carr | Statistician 🔥 (@kareem_carr) March 13, 2024
Says the guy who has to tell everyone in his Twitter username he’s a statistician. This guy is like Nassim Taleb and Neil deGrasse Tyson combined. It also just so happens that people who achieve more at life tend to have higher IQs. IQ is useful for its predictive and explanatory power for why some individuals and groups tend to excel or fail.
Item #3:
100% correct. History clearly shows that when any society collapses, it's a complete crapshoot as to who or what takes its place. Sometimes it's the group that started the 'revolution', but many times it isnt. https://t.co/NcZ9lIHa4X
— James (@Smartaleck99) March 13, 2024
So many people seek collapse because they want to be the hero of their imaginary movie or epic, as a form of escape, or seek an alternate reality where they have more status or power.
Item #4:
Is this the "high trust" culture I read so much about on twitter?
I'll be taking America, thanks. https://t.co/YR8gLG2996
— VB Knives (@Empty_America) March 11, 2024
Because this never happens in America, right. Never heard of the ‘Karen’ meme, I guess. A low-trust society entails a lot of surveillance, as people cannot be trusted; in the case of America, ‘big brother’ is crowdsourced.
Item #5:
Turning around obesity on a personal as well as on a societal level is very hard but our life / lives depend on it. Education, food regulations, food access, affordability, spare time (to cook), and the built-environment all play important roles. Source: https://t.co/DTJD6UBZ7R pic.twitter.com/ka07L474vc
— Simon Kuestenmacher (@simongerman600) January 11, 2023
“our life / lives depend on it” Come again? Life expectancy in the US and worldwide at record highs (the recent dip was due to Covid):
Item #6:
Sam Bankman-Fried’s lawyer asks judge to reject 100-year recommended sentence.
I think he’ll likely get 20-30 years. Despite his donations to Democratic causes, there is nothing to gain by showing favoritism, as his image is tarnished, and showing toughness on crime is always popular or the safe bet. Or he’ll get 10 years and still be out before he’s 40, giving him plenty of time to fail-forward, as these type of people tend to do. The media will write breathless pieces about his ‘second act’ or ‘arc of redemption’.