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Alexander Cutler explains how Hyperliquid won despite not raisng any VC capital: “They did it by not raising a bunch of money, selling a bunch of tokens on the market.” “They did it by distributing 97% of the revenue they produce back to the token.” “If you are not... show more

The Rollup

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20,867 Aufrufe • vor 1 Monat •via X (Twitter)

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“If you are not are maximally capturing and redistributing 100% of the value, that is a bounty for a competitor to offer that and beat you.”

“If you are not are maximally capturing and redistributing 100% of the value, that is a bounty for a competitor to offer that and beat you.”

Aerodrome

14,207 Aufrufe • vor 1 Monat

Alex Cutler on the token design principles that make Metadex a competitor to the NYSE: "Tokens are the single biggest revolution to coordination since the invention of the firm. You can build a competitor to the NYSE, without intermediaries, decentralized." "100% of productive value of the DEX — all revenue, all value — goes to token operators. Immutably. Permissionlessly. Each and every week." "We can't enrich ourselves by selling worthless tokens before product-market fit. We're users of our own product. Hyperliquid didn't own its category not that many years ago."

Alex Cutler on the token design principles that make Metadex a competitor to the NYSE: "Tokens are the single biggest revolution to coordination since the invention of the firm. You can build a competitor to the NYSE, without intermediaries, decentralized." "100% of productive value of the DEX — all revenue, all value — goes to token operators. Immutably. Permissionlessly. Each and every week." "We can't enrich ourselves by selling worthless tokens before product-market fit. We're users of our own product. Hyperliquid didn't own its category not that many years ago."

The Rollup

25,364 Aufrufe • vor 1 Monat

Threadguy explains why Pokémon gacha companies have one of the greatest business models ever “You have a very finite supply of vintage Pokémon that people want. There's not that many of these cards” “So you get a bunch of these gambling companies to come in and the only moat these gacha companies have is their supply. So they come up with big VC dollars and they buy everything” “They put them in these packs. Somebody spends, reveals a gacha and what do they do? They sell it back to the company -15% and then they spend again” “Almost nobody is actually cashing out, getting the card shipped and letting it hit the market again. Once they're purchased from the gacha companies, these cards never hit the market again” “Gamble, sell back, gamble, sell back, gamble, sell back” “The gacha companies never have to sell inventory because they make 15% on every gamble and sell back. The actual gamblers never let the inventory hit the market because they just sell back”

Threadguy explains why Pokémon gacha companies have one of the greatest business models ever “You have a very finite supply of vintage Pokémon that people want. There's not that many of these cards” “So you get a bunch of these gambling companies to come in and the only moat these gacha companies have is their supply. So they come up with big VC dollars and they buy everything” “They put them in these packs. Somebody spends, reveals a gacha and what do they do? They sell it back to the company -15% and then they spend again” “Almost nobody is actually cashing out, getting the card shipped and letting it hit the market again. Once they're purchased from the gacha companies, these cards never hit the market again” “Gamble, sell back, gamble, sell back, gamble, sell back” “The gacha companies never have to sell inventory because they make 15% on every gamble and sell back. The actual gamblers never let the inventory hit the market because they just sell back”

Jack

361,538 Aufrufe • vor 2 Monaten

I stood on the steps of the Supreme Court Monday . Donald Trump has done real things for MAHA. I believe that. But when the Department of Justice shows up to defend Bayer and Monsanto against the American people, against the health of our children, I have to say: you got this one wrong. Liability protection for corporations that poison people is not a conservative value. It is not a Republican value. It is not a Democratic value. It is not an American value. It is the opposite of a free market. It is the government putting its thumb on the scale for corporations that are losing in court because their products are causing cancer. Every child in this country deserves to be healthy. That is not a political statement. That is the only statement that matters. So in the words of the President himself: we are going to fight, fight.

I stood on the steps of the Supreme Court Monday . Donald Trump has done real things for MAHA. I believe that. But when the Department of Justice shows up to defend Bayer and Monsanto against the American people, against the health of our children, I have to say: you got this one wrong. Liability protection for corporations that poison people is not a conservative value. It is not a Republican value. It is not a Democratic value. It is not an American value. It is the opposite of a free market. It is the government putting its thumb on the scale for corporations that are losing in court because their products are causing cancer. Every child in this country deserves to be healthy. That is not a political statement. That is the only statement that matters. So in the words of the President himself: we are going to fight, fight.

Del Bigtree

147,471 Aufrufe • vor 3 Monaten

Newsom: These guys are not screwing around. They did not expect California. They did not expect all of you. They thought we were going to write an op-ed, have a candlelight vigil, maybe do a rally. They poked the bear and the bear is poking back and we are going to get out there and win and send a powerful message not only to the people of this state of California but the people all over the United States of America by going out in record numbers. Yes on 50.

Newsom: These guys are not screwing around. They did not expect California. They did not expect all of you. They thought we were going to write an op-ed, have a candlelight vigil, maybe do a rally. They poked the bear and the bear is poking back and we are going to get out there and win and send a powerful message not only to the people of this state of California but the people all over the United States of America by going out in record numbers. Yes on 50.

Acyn

459,484 Aufrufe • vor 9 Monaten

Fantastic breakdown from Ben Horowitz on the history of venture capital and how the industry has evolved over time If you are building a VC firm or an entrepreneur thinking about raising money from venture capital, this is worth a listen "In venture capital, the fundamental thing you have to be is top tier. If you are not top tier, the best entrepreneurs will not take your money. There are times when the market is so blazing hot that you can be a not-important VC firm and jump into good deals to make money. But most times, if you are not top tier, you will go out of business."

Fantastic breakdown from Ben Horowitz on the history of venture capital and how the industry has evolved over time If you are building a VC firm or an entrepreneur thinking about raising money from venture capital, this is worth a listen "In venture capital, the fundamental thing you have to be is top tier. If you are not top tier, the best entrepreneurs will not take your money. There are times when the market is so blazing hot that you can be a not-important VC firm and jump into good deals to make money. But most times, if you are not top tier, you will go out of business."

Boring_Business

21,897 Aufrufe • vor 6 Monaten

There was a parent who lost a child to the needle. Not lost to death, which at least lets you grieve and one day stop. Lost to the street. To the years of disappearing, the phone that stops being answered, the front door left unlocked every single night for a decade on the chance the child might finally come through it. And the parent never stopped. Did not move on. Did not decide the child was too far gone. Drove to the worst parts of town to scan the faces under the overpass. Searched for years, going gray with it, burying the hope a hundred times and digging it back up every morning, because a parent does not get to stop loving a child just because the child is lost. And then came the day it finally happened. The child, hollowed out, certain they were beyond all loving, looked up, and there was the parent's face. And neither of them could speak. They just held on, and they wept, the kind of weeping that has years of grief and years of longing pouring out of it at once, the child sobbing the only word they could find, sorry, sorry, and the parent saying the only word that mattered, which was not "where have you been" and not "do you know what you did to me," but only, over and over into their hair, you're home, you're home, you're home. Now understand. That is not just a real story about a parent and a child. That is God, and that is humanity. No one is forgotten by the Father. He did not fold His arms and wait at home for you to crawl back and prove you were worth it. The moment you were lost, He came after you. And the cost He paid to reach the very bottom of your pit was not patience, and it was not effort. It was His Son, sent down below all of it, so there would be no depth where His face was not already waiting for you to find it. So hear this, wherever it finds you. You were never forgotten, not for one second, not in the worst of it. The door has been unlocked every night since the day you left. He is still driving the worst parts of town. He is still scanning the faces under the overpass. He is still weeping over the ones who are certain they have fallen too far to ever come back. And the moment you turn around, you will not hear "where have you been." You will only hear, said over and over into your hair, the one thing that has been true since before the foundation of the world: you're home, you're home, you're home. Stop running. Come home.

There was a parent who lost a child to the needle. Not lost to death, which at least lets you grieve and one day stop. Lost to the street. To the years of disappearing, the phone that stops being answered, the front door left unlocked every single night for a decade on the chance the child might finally come through it. And the parent never stopped. Did not move on. Did not decide the child was too far gone. Drove to the worst parts of town to scan the faces under the overpass. Searched for years, going gray with it, burying the hope a hundred times and digging it back up every morning, because a parent does not get to stop loving a child just because the child is lost. And then came the day it finally happened. The child, hollowed out, certain they were beyond all loving, looked up, and there was the parent's face. And neither of them could speak. They just held on, and they wept, the kind of weeping that has years of grief and years of longing pouring out of it at once, the child sobbing the only word they could find, sorry, sorry, and the parent saying the only word that mattered, which was not "where have you been" and not "do you know what you did to me," but only, over and over into their hair, you're home, you're home, you're home. Now understand. That is not just a real story about a parent and a child. That is God, and that is humanity. No one is forgotten by the Father. He did not fold His arms and wait at home for you to crawl back and prove you were worth it. The moment you were lost, He came after you. And the cost He paid to reach the very bottom of your pit was not patience, and it was not effort. It was His Son, sent down below all of it, so there would be no depth where His face was not already waiting for you to find it. So hear this, wherever it finds you. You were never forgotten, not for one second, not in the worst of it. The door has been unlocked every night since the day you left. He is still driving the worst parts of town. He is still scanning the faces under the overpass. He is still weeping over the ones who are certain they have fallen too far to ever come back. And the moment you turn around, you will not hear "where have you been." You will only hear, said over and over into your hair, the one thing that has been true since before the foundation of the world: you're home, you're home, you're home. Stop running. Come home.

Kirk Rollins

21,168 Aufrufe • vor 1 Monat

In business, there's a huge difference between price and value. If a client starts the conversation by focusing solely on price, chances are they're not going to buy—or worse, they may not be the right client for your business at all. When a customer is only interested in negotiating the lowest price, they often don't appreciate the value you bring to the table. We realized that as soon as we increased our prices, everything changed. Not only did our revenue grow, but more importantly, our client profile shifted dramatically. We began attracting clients who truly valued the quality and expertise we offer. These clients understood the investment they were making and trusted us to deliver results that justified the price. By raising our prices, we set a new standard, and the clients who recognized that were the ones we wanted to work with all along. Remember, when you charge what you’re worth, you attract clients who value what you offer. It’s not just about making a sale—it’s about building relationships with clients who understand the value behind your work.

VT

14,911 Aufrufe • vor 1 Jahr

🇺🇸🇮🇷 Hugh Hewitt: Do we have to get back the highly enriched uranium? Is that a red line for a deal? Trump: Yes, we do. And by the way, from a standpoint of value, it's not very valuable; it probably can't be used. They may not be able to get it...

🇺🇸🇮🇷 Hugh Hewitt: Do we have to get back the highly enriched uranium? Is that a red line for a deal? Trump: Yes, we do. And by the way, from a standpoint of value, it's not very valuable; it probably can't be used. They may not be able to get it...

DD Geopolitics

38,041 Aufrufe • vor 3 Monaten

TMZ is lying that they cheered for the car Chase and not for the Death of Charlie Kirk, this Lady did her own investigation and she Time Stamped everything. TMZ is lying and have been a bunch of Left wingers for a longtime! Just a bunch of Lying Fools.

TMZ is lying that they cheered for the car Chase and not for the Death of Charlie Kirk, this Lady did her own investigation and she Time Stamped everything. TMZ is lying and have been a bunch of Left wingers for a longtime! Just a bunch of Lying Fools.

Johnny Midnight ⚡️

238,821 Aufrufe • vor 11 Monaten

If you do anything today, please listen to this 3-min clip on what Co-CEO Joseph Chalom refers to as The ETH Opportunity... FYI, Joe is the former Head of Digital Assets Strategy at BlackRock, who drove the creation of IBIT, ETHA, and BUIDL. "The more assets and transactions that are secured on the Ethereum network, have been proven to increase the value of ETH..." "If you look at the last 5 years, for each $2 secured on the network, on Ethereum and the L2s, it's driven about $1 of market cap value of Ethereum [ETH]..." "And if you take a step back and say stablecoins are at this size today, but Treasury Secretary Scott Bessent says it's gonna grow to a trillion over the next 3 years, if you look at the adoption of RWAs, which is in the first inning and can literally go j-curve, the value of tokenized assets which could be measured in the trillions or tens of trillions... they are gonna be secured by a decentralized network. We believe the vast majority is gonna be Ethereum. That is a bull case for ETH..." "If more assets are secured on the Ethereum network, the value of ETH will go up, and the value of it being a trust commodity, the highest value of money, is gonna be critically important if you believe we are at a paradigm shift, and that's what I call the ETH opportunity. It's not a trade, it's an ETH opportunity." "And for all of those who feel like they missed the early days of crypto, you are at still a very early entry point in the adoption of Ethereum and that is the long term ETH opportunity, not the ETH trade." ACCELERATE 🚀

If you do anything today, please listen to this 3-min clip on what Co-CEO Joseph Chalom refers to as The ETH Opportunity... FYI, Joe is the former Head of Digital Assets Strategy at BlackRock, who drove the creation of IBIT, ETHA, and BUIDL. "The more assets and transactions that are secured on the Ethereum network, have been proven to increase the value of ETH..." "If you look at the last 5 years, for each $2 secured on the network, on Ethereum and the L2s, it's driven about $1 of market cap value of Ethereum [ETH]..." "And if you take a step back and say stablecoins are at this size today, but Treasury Secretary Scott Bessent says it's gonna grow to a trillion over the next 3 years, if you look at the adoption of RWAs, which is in the first inning and can literally go j-curve, the value of tokenized assets which could be measured in the trillions or tens of trillions... they are gonna be secured by a decentralized network. We believe the vast majority is gonna be Ethereum. That is a bull case for ETH..." "If more assets are secured on the Ethereum network, the value of ETH will go up, and the value of it being a trust commodity, the highest value of money, is gonna be critically important if you believe we are at a paradigm shift, and that's what I call the ETH opportunity. It's not a trade, it's an ETH opportunity." "And for all of those who feel like they missed the early days of crypto, you are at still a very early entry point in the adoption of Ethereum and that is the long term ETH opportunity, not the ETH trade." ACCELERATE 🚀

DeFi Dad ⟠ defidad.eth

259,923 Aufrufe • vor 1 Jahr

Reed explains that the job of a board member is not to add value or give advice. It is to replace the CEO: "If the company falls apart, I will be part of replacing the CEO. That's basically the entire job. To have the confidence to do that, you have to learn the business. Board members are not here to add value. They can hire consultants who know the industry and are not conflicted for advice. So I shouldn't spend my time trying to give advice. So then what am I doing? I'm here as a board member as an insurance layer. Don't measure yourself by did you give a suggestion? Measure yourself by did you get more prepared for the small chance that you will have to take big action."

Reed explains that the job of a board member is not to add value or give advice. It is to replace the CEO: "If the company falls apart, I will be part of replacing the CEO. That's basically the entire job. To have the confidence to do that, you have to learn the business. Board members are not here to add value. They can hire consultants who know the industry and are not conflicted for advice. So I shouldn't spend my time trying to give advice. So then what am I doing? I'm here as a board member as an insurance layer. Don't measure yourself by did you give a suggestion? Measure yourself by did you get more prepared for the small chance that you will have to take big action."

Patrick OShaughnessy

353,091 Aufrufe • vor 7 Monaten

"They said that if we get the money, there's going to be a period of time that it will take to get her back... and they gave the number of hours." TMZ's Harvey Levin says the writer of the Guthrie ransom letter might have left a clue about how far they could be from the Tucson area.

"They said that if we get the money, there's going to be a period of time that it will take to get her back... and they gave the number of hours." TMZ's Harvey Levin says the writer of the Guthrie ransom letter might have left a clue about how far they could be from the Tucson area.

Erin Burnett OutFront

144,904 Aufrufe • vor 6 Monaten

Hungarian PM, Péter Magyar, doesn't hold back in exposing the shameful legacy of the old regime's 'hot line' to Moscow. Péter Magyar laying out exactly how the Orban regime alienated their Polish allies by prioritising deals with an invader over Hungary’s own principles. "...these relationships as well. And perhaps the leader of the faction was right that there was a period when cooperation within the V4 was strong. But the cooperation of the Visegrád Group did not break down because of that, it did not find itself in the crisis you spoke of. Not at all. You, dear Mr. Faction Leader, chose Vladimir Putin, Russia. And Poland will not swallow that. You know, Poland will not swallow that. Although our history is very similar, even if we were to compete, the history of the Poles is perhaps even sadder and more difficult than that of the Hungarians, but it is a difficult competition. They did not forget where they come from. And what they "owe" to Russia. And they did not make deals. And they did not give up their principles. You did. You might not personally, but I can tell you one thing: you sit in the same faction as Péter Szijjártó, who accepted an honor from Sergey Lavrov, forgot to return it—perhaps it still hangs as a magnet on his refrigerator today, he is proud of it, proud that he preferred to inform Russia about European ministerial meetings, was on a hot line with a country that invaded, that is, attempted to invade, an independent European state. That is the reason, that is one of the reasons why the Polish nation and the Polish political authorities said: enough of this."

Hungarian PM, Péter Magyar, doesn't hold back in exposing the shameful legacy of the old regime's 'hot line' to Moscow. Péter Magyar laying out exactly how the Orban regime alienated their Polish allies by prioritising deals with an invader over Hungary’s own principles. "...these relationships as well. And perhaps the leader of the faction was right that there was a period when cooperation within the V4 was strong. But the cooperation of the Visegrád Group did not break down because of that, it did not find itself in the crisis you spoke of. Not at all. You, dear Mr. Faction Leader, chose Vladimir Putin, Russia. And Poland will not swallow that. You know, Poland will not swallow that. Although our history is very similar, even if we were to compete, the history of the Poles is perhaps even sadder and more difficult than that of the Hungarians, but it is a difficult competition. They did not forget where they come from. And what they "owe" to Russia. And they did not make deals. And they did not give up their principles. You did. You might not personally, but I can tell you one thing: you sit in the same faction as Péter Szijjártó, who accepted an honor from Sergey Lavrov, forgot to return it—perhaps it still hangs as a magnet on his refrigerator today, he is proud of it, proud that he preferred to inform Russia about European ministerial meetings, was on a hot line with a country that invaded, that is, attempted to invade, an independent European state. That is the reason, that is one of the reasons why the Polish nation and the Polish political authorities said: enough of this."

Yasmina

62,887 Aufrufe • vor 1 Monat

Whitehouse: “Are you saying that they did not deliver $50,000 in cash to Mr. Homan?” Bondi: “The investigation of Mr. Homan was subjected to a full review by the FBI agents, by DOJ prosecutors. They found no evidence of wrongdoing.” Whitehouse: “That's a different question. What became of the $50,000? Did the FBI get it back?” Bondi: “Senator Whitehouse, you're welcome to talk to the FBI.”

Whitehouse: “Are you saying that they did not deliver $50,000 in cash to Mr. Homan?” Bondi: “The investigation of Mr. Homan was subjected to a full review by the FBI agents, by DOJ prosecutors. They found no evidence of wrongdoing.” Whitehouse: “That's a different question. What became of the $50,000? Did the FBI get it back?” Bondi: “Senator Whitehouse, you're welcome to talk to the FBI.”

The Bulwark

251,452 Aufrufe • vor 10 Monaten

Elon Musk is Hitting the Q’s hard.. He is asked if any of the Radical Left Democrats have Received Money from USAID • Maxine Watters, Adam Schiff, Chuck Schumer, Nancy Pelosi In a nutshell, YES. A lot of USAID money goes to NGO’s outside of the United States where they are not bound by the laws of the United States. That’s the loophole fraud. “I am highly confident that a bunch of that money comes back to the US and lands in the pockets of those you just mentioned.. I’ll just say there’s a lot of strangely wealthy members of Congress.” I will extend this further by saying it’s not just democrats, but also rino’s.

Elon Musk is Hitting the Q’s hard.. He is asked if any of the Radical Left Democrats have Received Money from USAID • Maxine Watters, Adam Schiff, Chuck Schumer, Nancy Pelosi In a nutshell, YES. A lot of USAID money goes to NGO’s outside of the United States where they are not bound by the laws of the United States. That’s the loophole fraud. “I am highly confident that a bunch of that money comes back to the US and lands in the pockets of those you just mentioned.. I’ll just say there’s a lot of strangely wealthy members of Congress.” I will extend this further by saying it’s not just democrats, but also rino’s.

MJTruthUltra

42,238 Aufrufe • vor 1 Jahr

Did they really think that this lawsuit was going to work? Let me tell you something, if it did it would have set a precedent and the courts would be flooded everyday. There is definitely no lack of Thieves out there and they are not the brightest. This is a perfect example of that.

Did they really think that this lawsuit was going to work? Let me tell you something, if it did it would have set a precedent and the courts would be flooded everyday. There is definitely no lack of Thieves out there and they are not the brightest. This is a perfect example of that.

Johnny B. Good

1,423,000 Aufrufe • vor 8 Monaten

Elon Musk believes that YES, prominent Democrats like Maxine Waters, Adam Schiff and Chuck Schumer have received USAID money funneled through NGOs “There is a massive amount of corruption — So they'll send the money overseas to one NGO, then it'll go through a bunch of them, and then I'm highly confident that a bunch of that money then comes back to the United States and lands in the pockets of the people you just mentioned.” “So what happens is there's money that, obviously it's your taxpayer money, that is then sent to various government organizations who then send it to, to NGOs, which, which an NGO is a non-governmental organization. But obviously if it's a government-funded non-governmental organization, it's just an organization, it's just a government. And effectively there's a giant fraud loophole, which is that the government can send money to an NGO that is then no longer governed by the law laws of the United States. So they'll, they'll send the money overseas to one NGO, then it'll go through a bunch of a bunch of them. And then I'm highly confident that a bunch of that money then comes back to the United States and lands in the pockets of the people you just mentioned. But it is a circuitous route. It's not like it doesn't go directly, but let's just say that there's a lot of strangely wealthy members of Congress where I'm trying to connect the dots of how did they become rich? Well earning, how'd they get $20 million if they're earning $200,000 a year? It sounds that's how, how do I just, nobody can explain that. So it’s something we're gonna try to figure it out and certainly stop it from happening. The whole NGO scam is just crazy — It’s blown my mind really”

Elon Musk believes that YES, prominent Democrats like Maxine Waters, Adam Schiff and Chuck Schumer have received USAID money funneled through NGOs “There is a massive amount of corruption — So they'll send the money overseas to one NGO, then it'll go through a bunch of them, and then I'm highly confident that a bunch of that money then comes back to the United States and lands in the pockets of the people you just mentioned.” “So what happens is there's money that, obviously it's your taxpayer money, that is then sent to various government organizations who then send it to, to NGOs, which, which an NGO is a non-governmental organization. But obviously if it's a government-funded non-governmental organization, it's just an organization, it's just a government. And effectively there's a giant fraud loophole, which is that the government can send money to an NGO that is then no longer governed by the law laws of the United States. So they'll, they'll send the money overseas to one NGO, then it'll go through a bunch of a bunch of them. And then I'm highly confident that a bunch of that money then comes back to the United States and lands in the pockets of the people you just mentioned. But it is a circuitous route. It's not like it doesn't go directly, but let's just say that there's a lot of strangely wealthy members of Congress where I'm trying to connect the dots of how did they become rich? Well earning, how'd they get $20 million if they're earning $200,000 a year? It sounds that's how, how do I just, nobody can explain that. So it’s something we're gonna try to figure it out and certainly stop it from happening. The whole NGO scam is just crazy — It’s blown my mind really”

Wall Street Apes

341,422 Aufrufe • vor 1 Jahr

California's Wealth Tax Has a Secret Prohibition On Founder Control That's Forcing Entrepreneurs Out Sacks: “Larry and Sergey have left the state, and they’re probably getting dragged for that, but one of the reasons they have to is because of the super-voting stock provision in this thing.” “The way they calculate the value of your stock isn’t based on its liquid market value, but if you own super-voting shares, they multiply your ownership, your super voting, by the market cap of the company, and they deem your shares be worth that.” How it works: – Larry and Sergey have a combined 52% voting share of Google, which is worth $4T – They would be deemed to be worth roughly $1T each, not the ~$200B they are actually worth – So a 5% tax for them is more like a 25% tax on their entire net worth Chamath: “It actually becomes closer to 50%, because you'd have to sell more than that to overcome the drag of selling to generate $25B or $50B of net worth.” “You have to sell two times that, because you have to pay taxes on that.” Sacks: “So what’s the point of having that super-voting provision in there?” “It’s just totally punitive and vicious.”

California's Wealth Tax Has a Secret Prohibition On Founder Control That's Forcing Entrepreneurs Out Sacks: “Larry and Sergey have left the state, and they’re probably getting dragged for that, but one of the reasons they have to is because of the super-voting stock provision in this thing.” “The way they calculate the value of your stock isn’t based on its liquid market value, but if you own super-voting shares, they multiply your ownership, your super voting, by the market cap of the company, and they deem your shares be worth that.” How it works: – Larry and Sergey have a combined 52% voting share of Google, which is worth $4T – They would be deemed to be worth roughly $1T each, not the ~$200B they are actually worth – So a 5% tax for them is more like a 25% tax on their entire net worth Chamath: “It actually becomes closer to 50%, because you'd have to sell more than that to overcome the drag of selling to generate $25B or $50B of net worth.” “You have to sell two times that, because you have to pay taxes on that.” Sacks: “So what’s the point of having that super-voting provision in there?” “It’s just totally punitive and vicious.”

The All-In Podcast

155,130 Aufrufe • vor 7 Monaten