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some fans bumped into eric and called him youngjae (his real name) so he thought they were referring to youngjae (tws) 😭 🦄: i’m not youngjae from tws 🗣️: we know~ 🗣️: you're eric! eric! 🗣️:the boyz youngjae t/n: eric’s real name is sohn youngjae

190,440 次观看 • 22 小时前 •via X (Twitter)

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Regarding the Eric Trump / Daniel Cormier “text scandal”, I am open to being convinced otherwise, but I do not believe for one second that Eric Trump would text something so stupid to Daniel Cormier. It’s laughably stupid on its face to think that Eric Trump would ask a UFC commentator if any of the fights are “rigged”. That he would ask it in writing. And that he would not, for example, just pick up the phone and call Dana White or Joe Rogan himself. That said, I just want to understand what happened. Daniel Cormier said he was hacked. Is that to say he was hacked at the text level, or the X post level? Did he in fact make the post, and delete it? If he made the post, did he do it as a joke to illustrate how absurd the text hack was, but realized how the post could be misinterpreted as real? Or did someone make the post from his X account he subsequently deleted it. I know there are some who are going to say he made the post in earnest, thinking the text messages were real, intending to call out the “corruption”, and he has since been threatened, deleted the post, and claimed “hack”, etc. I can tell you exactly why I do not believe, even if he made the post, he did it believing the text message was real, intending to call out the “corruption”. If Cormier seriously thought the text messages were real, he would understand that by posting it publicly, it would literally destroy the UFC, his livelihood and his legacy - in addition to the legacy of everyone who has ever competed in the UFC. There is no realm of the universe in which even if it were in fact a real text that he actually received from Eric Trump, he would post it publicly. Because it would mean the end of the UFC. I just want to know if he actually made the post from his X account, or if the entire post was the result of a hack (hence the subsequent deleting of the post). Serious and sincere questions for clarity that would benefit everyone Eric Trump

Viva Frei

30,167 次观看 • 3 个月前

"My dad forgot my name last Thursday. He looked at me for a long time and I could see him trying and I smiled and said it's okay Dad and meant it and didn't mean it. Yesterday I brought Bruno to visit. Dad was in his recliner staring at the window the way he does when he's somewhere we can't follow. Bruno walked in. Dad turned. And his whole face — his whole face — became the face I grew up with. He reached out both hands. He said Bruno's name perfectly. Clearly. No hesitation. He said it the way you say the name of something you have loved so long it lives below the place the disease can reach." He held Bruno's face in both hands for a long time. He talked to him. Full sentences. Things I haven't heard from him in months. He said — "There's my boy. There he is. I knew you'd come." I sat in the corner of that room and I let them have it and I didn't make a sound because some things are not for witnessing loudly. My dad has Alzheimer's. Some days he knows me. Some days he is somewhere I cannot find him. But he always knows Bruno. Every single visit. Every single time. Bruno walks in and my father comes back to the surface like something in him refuses to forget the one who never left. I don't know what that is. I don't know the name for it. I just know that Bruno walks into that room and my father says his name and for a few minutes I have my dad back. That's everything. Some days that's just everything. Drop a ❤️ for Dad. And for Bruno who finds him every single time in places I can't reach.

Crazy Moments

78,118 次观看 • 2 个月前

I am the person at Hut 8 who designed the American Bitcoin partnership. The structure is elegant. We gave the Trump family 20% of a publicly traded mining company. They contributed zero capital. Zero infrastructure. Zero employees. Zero operational experience. Zero risk exposure. They contributed a name. Per our partnership agreement, that is consideration. Twenty percent of our equity for access to the most valuable retail distribution channel in American finance. "It has to have 'America,'" Eric said in our first meeting. "And it has to have 'Bitcoin.'" He said this twice. Both times he pointed at the whiteboard. There was nothing else on the whiteboard. I realized then that he understood the product better than I did. The product is not bitcoin. The product is the belief. The entire business model. Two words and a surname. I wrote the term sheet on one page. The lawyers billed for forty. We call that alignment of incentives. Forty pages means they believed in the durability of the arrangement. We mine bitcoin at an all-in cost of approximately $90,000 per coin. Hash rate, power purchase agreements, ASIC depreciation, facility lease, headcount, Coinbase Prime interest — $90,000. Bitcoin trades at $77,000. Every coin we mine loses $13,000. Negative unit economics on every block reward. Eric tells investors we mine at $57,000. He strips out depreciation, SG&A, and the debt service. I asked him once if he understood what depreciation meant. He said it means when things go down. I said yes. He said: "But the stock goes up." I said yes. His only contractual obligation. Salesmanship. Per the partnership agreement, salesmanship is Eric's sole KPI. Technically, he is a fiduciary to shareholders. On paper, his vesting is tied to total comp benchmarks. We run the rigs. He runs the ticker. Asset-light. The company at peak reached a $13.2 billion valuation. Two employees. That is the entire headcount. One is our CEO Mike Ho, who is simultaneously Hut 8's Chief Strategy Officer. He reports to us at Hut 8 on Monday mornings and reports to American Bitcoin shareholders on Tuesday mornings. Dual-reporting structure. Very efficient. The other employee manages Eric's media calendar. $6.6 billion per headcount. We call this capital efficiency. 70% of our bitcoin did not come from mining. It came from selling stock. Retail investors purchase American Bitcoin shares at 50 times book value because the name contains "America" and "Bitcoin" and "Trump" is in the filing and they believe, with the quiet religious certainty of people who have never read a balance sheet in their lives, that a company named American Bitcoin is underwritten by something more substantial than two words and a surname. We take their cash and buy bitcoin on Coinbase at spot. Lodge it on the balance sheet. Call ourselves a mining company. We do mine. At a loss. Technically, the earnings are negative per our Q4 filing. The margin lives in the distance between what the stock costs them and what the bitcoin costs us. The stock is down 92% from peak. Investors have lost approximately $500 million. One of them posted on the shareholder subreddit that he moved his daughter's 529 into American Bitcoin at $14. It trades under $2. He said he believed in the mission. That means he believed in the name. The name performed exactly as designed. Eric's net worth went from $190 million to $280 million. Asset-light. We pledged 3,090 bitcoin as collateral against a Coinbase Prime custody loan. We have mined 1,800. The LTV ratio is inverted. If bitcoin compresses or the loan accelerates, every coin mined since inception could be forfeit by August 2027. All of it. Gone. Liquidation event. I explained this in a memo to Eric. Bullet points. Large font. He asked if the stock could go up before August. I said probably. He said that was fine. He said he'd handle it. Salesmanship. Eric told the press he launched American Bitcoin because banks were "debanking" the Trump family. I checked. JPMorgan refinanced $700 million in Trump Organization debt during the identical period. But debanking is better salesmanship than refinancing. The narrative inflates the stock price. The stock price generates the bitcoin. The bitcoin secures the loan. The loan generates cash. Every link in the chain is a product I built or a story Eric told. Asset-light. I orchestrated the celebrity endorsements. Tyler Winklevoss. Anthony Scaramucci. Grant Cardone. We call this pipeline development. Each broadcast the stock to their audiences during the run-up. The stock collapsed afterward. The celebrities did not lose money. Their audiences lost money. I never mentioned that we hemorrhage $13,000 per coin mined. I told them it was asset-light. They understood immediately. They are also asset-light. Eric cannot legally serve as a corporate officer in the state of New York. A judge barred him for two years. Civil fraud. So his title is not CEO. Not officer. Not executive. His contractual role is salesmanship. He cannot manage the company. He can sell it. One distinction. $90 million in personal net worth gained. Asset-light. Our CEO lives in the UAE. He held discussions with ADQ and TAQA, Abu Dhabi's sovereign wealth apparatus. The same sovereign apparatus that paid $500 million for 49% of World Liberty Financial, the family's other crypto operation. This is the same Abu Dhabi whose semiconductor imports the administration greenlit over national security objections. I did not design World Liberty Financial. I designed the mining subsidiary that feeds into it. Separate projects. Complementary revenue streams. Eric runs salesmanship for both. I admire the portfolio diversification. I gave Eric 20% of a company for free, a company with real miners and real facilities and real electricity bills that I built over seven years in Alberta and Texas and Ontario, and in exchange he gave me access to every American who hears "America" and "Bitcoin" in the same sentence and reaches for their brokerage app without checking whether the company mines at a profit or at a loss or at all. They drove the stock to a $13.2 billion market capitalization. We bought bitcoin with the proceeds. They lost $500 million. We kept the bitcoin. Eric kept $90 million. I kept the apparatus that manufactures both. Everybody got what they paid for. Asset-light means we carry nothing. Not the miners. Not the facilities. Not the risk. Not the losses. The investors carry those. We carry the bitcoin. Asset-light.

Peter Girnus 🦅

106,384 次观看 • 5 个月前