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"The thesis was not invalidated, it was just an idiosyncratic execution failure" Multicoin co-founder Tushar Jain on losing money on EOS, then leading the Solana seed round "The first big investment we made with that thesis was a network called EOS. We published a couple of reports on it,...

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One of the most astonishing attempts at projecting grandiose delusions I’ve ever seen—“so [Obama] tried to bribe them to make a deal… 1.7 billion in cash was put on a Boeing…” Trump bribed Iran with $324 billion. And got nothing for it. “And the main thing is that Iran will not have a nuclear weapon. They fully agreed to that with strong policing powers, and they won't have nuclear weapons, which is what I was all about, because they probably would have used it if they had it. So we had two big moments when they terminated the JCPOA, that was the Obama deal, the Barrack Hussein Obama deal, and when I terminated that, it was very important because it was a road to a nuclear weapon. It was a horrible deal for the United States. It was a deal where billions of dollars was given to Iran. It was a deal where 1.7 billion in cash was put on a Boeing 7, well, not a 7, 7, 57, I guess, right? But it was put on a big, beautiful Boeing 757. They needed a Boeing 747 to be honest with you, because it was a lot of cash. 1.7 billion was taken out of the banks and given to Iran, and on top of that, tens of billions of dollars was made. So they tried to bribe them to make a deal that didn't work. It never works. And that we lived on a great job, and hopefully it's going to be a good relationship, and we're going to get along. And if we don't, we go back to where we started, but I don't know if it's going to be necessary. The Iran deal that we made is going to bring a lot of success to the world, because the oil was really plugged up there for a while. They would call me on occasion, "See, come on, please. Let's go." The oil prices. But the oil is coming way down.”

Jim Stewartson, Decelerationist 🇨🇦🇺🇦🇺🇸

31,475 Aufrufe • vor 2 Monaten

“How did the American Dream die? How did the Middle Class die? I'm going to tell you” Every person in America needs to understand this - It started in the 1980s with trickle down economics that did not work. They decided to give tax cuts to the rich incorporation saying that money would trickle down. It didn't. It just made the rich richer - Then we greenlit stock buybacks so instead of when the productivity was going up, instead of giving workers more money, they just bought back their stock so the shareholders could make profit and executives could get bonuses - Then we had leveraged buyouts and the government didn't regulate leverage buyouts. And that was the start of private equity basically buying up everything so that they could make more money - Then we moved away from pensions to 401ks which essentially just took the responsibility and accountability of the company to take care of their workers with the retirement and put it on to individuals. But we were never taught economics in high school. So how the f*ck are we supposed to know about compound interest and investing? But they said the 401k was better than the pension, when it wasn't - Then they started shipping our jobs overseas, building the middle class of other countries so that they could make more profit destroying the middle class here. Then we started ramping up the borrowing money and getting into debt as a country which devalues our dollar. - Then in 2008 we had predatory lending which crashed the housing market, fucked over so many Americans. And then we used taxpayer money to bail out the banks. And when all the houses were cheap, the the rich went and bought those up. And that's when you started to see the rent start to increase around the 2010s into the 2015s - Then in 2011 we allowed super PACs to exist so billionaires can now buy elections and they use that money on attack ads. Which divides the country. Divide and conquer. And that's what they did - In 2020 we had the pandemic which both sides of the aisle handled like absolute shit. Shut down all small businesses, all the money went to the top. The rich got richer. They printed trillions of dollars more which people needed. But what did all the people do? We spent the money cause we needed to spend the money. And where did that money go? To the top. And they got richer. - Lastly they decided during the pandemic let's lower the interest rates on buying a home to 2 and a half to 3% so that people could refinance and get ahead. But no, all that really did was give the green light to a bunch of rich people to basically borrow free money. And buy up all the f*cking housing so that we can no longer own a home. And that all ended in 2021. Then we've experienced 25% inflation since the pandemic and here we are in 2025, and we no longer have a middle class, and the American dream is dead.”

Wall Street Apes

606,119 Aufrufe • vor 1 Jahr

EMIBONNIEANY MID YEAR SALE #EucerinxEmiBonnieAny 🎤: What was the moment that you were most impressed with during Blush Blossom Fan Fest? 🦊: "หัวไหล่ตูด (Head, Shoulders, Butt)" which was one of the songs we performed, bc the shows on the first and second day of the concert were different. We changed a bit of the choreography on the second day. When we had spare moments on the second day, we would practice. We used our limited break time to practice and make it a different show, so that the fans could feel awed. 🐰: I was going to say the same thing as P'Mi. 🦊: Really? 🐰: Yeah. 🦊: It was a pretty amazing shot. 🐰: Yeah, it was a moment that we didn't dance the same on both days. 🦊: And we thought that very morning like, why don't we make the shows not the same? 🐰: Yeah. And when we were doing the (photo) benefits, the fans might've seen us looking dazed. We were dazed, but inside we were thinking, what should we do? What should we do? 🦊: What should we do for the fans to be even more excited? 🐰: We were reviewing the moves in our head. 🎤: There was a comment just now saying, "You did amazing. The shows were not the same." 🦊: We were a bit anxious, bc we didn't have time to do a run through at all. We practiced in the room and then performed it on stage. I was nervous abt whether we would be able to do it. Usually, I can't remember choreography that quickly. So I was a bit nervous abt whether we'd be able to do it. It was definitely a memorable moment. 🎤: But it came out very memorable. 🦊: Yeah, it came out exactly as we envisioned. Even better, actually.

K-bab

49,781 Aufrufe • vor 2 Monaten

In a recent interview with Press Box PR, Raphaël Colantonio, the founder of Arcane Studios, shared his experience of working with Valve on the cancelled Half-Life 2 expansion called "Return to Ravenholm": “It took us a decade to move on from the pain of the Ravenholm project because we were incredibly excited about doing that game and we put in a lot of creative energy into it and eventually when the decision was made to cut it, we did not understand it as it happened. We were young and we were just refusing to see the reality of the situation and the reality was much simpler than the way it looked to us. It all came down to the economics behind Half Life 2 and how the DLCs were selling. They had a business ratio between how much they could spend and how they could make it to be worth it to them because it takes the attention of the entire structure on their side. They had tried to create something internally and then they had tried with an external team already in America but it did not work out because they were too expensive so they worked with us because they liked our work and we worked with them during that time. They thought, you know, why not try these guys? We seemed pretty effective and eventually, like the two other attempts that they had looked at, we went somewhere with it, and it was cool. What we had was really, really cool. But it still needed more time, and too much time to finish. Beyond it being cool there was a business call at some point where it was decided that it didn’t really make sense. It was very painful for us but it made sense, we grew up and got a little bit more mature about it.”

‎Gabe Follower

91,131 Aufrufe • vor 17 Stunden

My cousins and my brother and I were exploring Coney Island, we saw the sights, hung out at the arcades and before we went back to the apartment we decided to go and get something to eat, we had some money on us but not much so we decided to see what we could get at one of the vendors. This was back in the early 90’s when most of them had dollar slices of pizza wherever we went. So we got 4 pieces of pizza, should have been $4 because that’s the price we were used to. The guy wanted to charge us $24 at $6 a slice. We argues with him because one of my cousins already took a bite being so hungry. But at the least we owed $4. We gave the other slices back and refused them but had to pay for the partially eaten one, it was embarrassing that an adult would try that on a bunch of kids. We told our uncle what happened and he went back and yelled at the vendor. He was familiar with them because he used to get slices all the time from the same guy and he never charged my uncle that price. I couldn’t imagine paying that exurban amount, like this guy who was being charged $54 for a hotdog by one of the vendors. At first he thought it was a typo and it was $5.40 but the vendor. Learned it up when he said no it was $54. Would you have paid that amount? I would have walked away, clearly he was trying to possibly scam a the man for looking like a tourist. Part of the experience when visiting a new area is the street food but it’s becoming more and more a chore avoiding places like this.

SonnyBoy🇺🇸

362,822 Aufrufe • vor 1 Monat

Pete Carroll explains how he responded in real time to the goal-line interception that ended the Seahawks’ Super Bowl “I asked them, 'how many guys think it's the greatest thing in the world to win the superbowl? Raise your hand.' A bunch of them raised their hand. Then I asked, 'how many think it's the greatest thing to come back and win it again?' They didn't know what to do with that..” “Show that you can do it again. Show that you’re real. Show that no matter what happens, you can still be you to the freaking moment.” “You guys were so mad at me. So pissed. Hurt. But that play just happened. It wasn’t by design. There was no foreshadowing. No intent. No agenda. That play just happened.” “We had one timeout. So as soon as we got to the goal line I'm saying, one of these plays, we’re going to have to throw it to get all four plays. I'm always trying to make sure we get all four shots.” “We run the first play, the Patriots were late and sent in the goal line team, we had already sent in '11', so we we're in '11' versus their goal line team. So that went through the play callers thought process. That's what led to throwing it on that down. If we gotta throw one of these downs, so we get all our chances...” “We had practiced it a million times. I was rock solid on the philosophy of it. It wasn’t by design. There was no agenda. It was just the way we had prepared. It was the worst play that could ever happen. It turned all of that so dark, so instantly.” “I thought, ‘I’ve got to take this.’ This is one of those moments that you prepare for. You’ve got to be the epitome of poise. Handle it. Deal with it. Own it.” “There’s nothing you can say that’s going to put it any other place. It was as catastrophic as any moment could be.”

Josh Chambers

411,696 Aufrufe • vor 28 Tagen