The Daily View: Bitcoin Crash, Financial Physics, and Interest Rates

As predicted two days ago, BTC is crashing, down 10% today and 10% yesterday. This is partly due to FTX exchange possibly being close to insolvency. I’m too lazy to update the above chart but it’s down another 1,000 point since I took the screenshot. Just as facts (still) don’t care about your feelings, I’m… Continue reading The Daily View: Bitcoin Crash, Financial Physics, and Interest Rates

The Regime’s Response to the Musk Threat (Why I’m Optimistic)

I think Moldbug is overestimating the stakes or the power dynamics at play. Twitter belongs to Elon now. He can basically do what he likes, and there isn’t much the left can do but pound sand. I don’t think any of the above scenarios will transpire. The federal government is either unwilling or unable to… Continue reading The Regime’s Response to the Musk Threat (Why I’m Optimistic)

The Daily View 11/1/2022: Twitter, McDonald’s , the Metaverse , and Uber

The media is blaming Musk for destroying twitter even though twitter was already a train wreck when he bought it. Racist tweets quickly surface after Musk closes Twitter deal An emboldened cast of anonymous trolls spewed racist slurs and Nazi memes onto Twitter in the hours after billionaire industrialist Elon Musk took over the social… Continue reading The Daily View 11/1/2022: Twitter, McDonald’s , the Metaverse , and Uber