Just finished reading “Dark Wire” about the FBI running Anom, so I’m a lot leery of encrypted chat apps. Keet, simplex, keychat, 0xchat: Which one(s) is/are least likely to be honeypots? My preference is @Keychat since they use cashu. But if my FBI agent works there, it might limit my ability to speak freely on the platform.

@Nik Bhatia after watching your YouTube video on the Eurodollar I have a question. You questioned how much leverage china is using on their investments in dollars in their belt and road initiative. How could they leverage money they don’t have the ability to print? If they issue a loan to an African business at a 10:1 ratio, they have to actually *send* the dollars to the company. Did they *borrow* at the 10:1 ratio? If so, then there’s your accountability. If China has $1 trillion USD in aggregate, for example, then they can be the lender of last resort for their loans, but without the fed involvement there can be no leverage ratio that doesn’t end with china just backstopping it limited by their total dollars available to them (actual or borrowed.) What am I missing?

WSJ reports China act of cyber warfare against US. Screw tariffs, cut off trade with the aggressors. Build a coalition that refuses to do business with them. But avoid the Roosevelt option of cozying up to Russia. Use this opportunity to smuggle the engineers out of Taiwan and cut off the snake.

My theory is the government supplying the global reserve currency does not need to run deficits and a national debt. The "debt" and "deficits" are a result of the overspending of congress. Period. A USD running the world economy with a balanced budget amendment, and a 4% pay down debt requirement of each years budget would be very healthy. It would require us to eliminate the fed and medicare/medicaid and most of the federal government. This is all good. The psyop is the deflection away from congressional spending that all of this is causing.

Trump can cement his legacy with two key items: 1. Disincentivize fraud - not security thru obscurity, bitcoin-like disincentivize it 2. Abolish the fed

All eyes on the hardest currency of all time:

Luke Groman says in a crisis the FDIC “can’t let” money over $250k get wiped out. Uh, that’s the agreement going in. I guess the Overton window now has *everyone* saying bailouts forever and always are the norm. It’s over

The world on a Bitcoin standard is an eventuality. But there needs to be MUCH more liquidity. Slowly is the only way. Each incremental market will choose the better money as it reaches sufficient liquidity to support it. This year should be individuals getting off zero via wealth manager acceptance. We're still in "gradually."

I’ve always wanted us to invade the commie Canadians. Trudeau is a punk.

X (formerly Twitter)

Incrypted (@incrypted) on X

The United States can only own 112,189 BTC (not 200,000 BTC, as David Sachs suggested). The matter is 95,000 BTC seized from the hackers of the Bi...

Ukraine has 46,351 bitcoin. Instead of minerals, US should seek repayment using this magic internet money. $175 billy sent, only ~$4 billy to repay. Its a win-win.

1. If B then ~D 2. If S then ~D therefore G Checks out.

What you are seeing is the flip side of the "Obama never had any scandals" narrative. The narrative was driven by the press firefighting for the liberals since forever. Then the narrative that "democracy is under attack" for whatever is done by a conservative. I reject the narrative. Whats happening now is not "TEOTWAWKI." Whats happening now is a global reset, a necessary one. And IMO beneficial for the US long term. There will be pain short term. But that was always going to be the case. The dollar still probably cannot be saved, but that ship sailed back in 2008. So the Bessent/Trump solution to this will be the most interesting thing that comes out of this. I'm optimistic.

So if it’s MC weighted: BTC 77% ETH 12% XRP 5.5% SOL 3.5% ADA 2% If they don’t rebalance, the bottom 4 will erode away.

US should front load the minerals deal, like a mortgage. The dictator after Zelenskyy will probably be chosen and installed by the CIA anyway, but grab as much repayment as soon as possible.