New Substack: The Reverse Imperial Circle substack.com/@bitbrew1/note/…

I don’t understand. Being proud of your city is…. Tearing it down and acting a fool??? Retarded. People like this are mentally ill.

The richest guy on Earth SHOULD be the guy making cutting edge cars and rockets instead of dudes who sell purses and perfumes or dudes who run investment firms or dudes who made Facebook.

Soccer is bringing more culture to America than any other league besides football and baseball.

The reason anyone gets insanely rich is almost always because of the stock market. It certainly how @elonmusk did. And the reason they get rich from the stock market, is because 150m Americans decided they wanted to own shares of stocks directly, or through their retirement plans, or through other approaches as a way of building their net worth and trying to create a better life for themselves. One Hundred Fifty Million Americans. About 60% of adults. Effectively believing that @elonmusk and many billionaires could make them wealthier and help them achieve a better life. If you want @elonmusk , and most billionaires to no longer be that rich, convince those 150m to sell their stocks, funds, ETFs whatever. Of course you would wipe out the net-worth of most of those people, and everyone else’s savings, as the markets crashed and brought down the economy and created the worst depression we have ever seen. Alternatively There are ways to improve healthcare access and eventually make it available to all. To start - If you want @elonmusk and all billionaires to improve healthcare for everyone , ask them to stop doing business with the enormous healthcare conglomerates and to work directly with transparently priced care providers. It’s the behemoth HC conglomerates that make HC so bad for so many. (Check my timeline for more detail) Removing them would push the cost of healthcare down for everyone. Their corporate decisions impact our healthcare cost and availability. Of course if they do that, not only would our HC costs go down , and the quality of care for their employees and the entire country go up But They would see their corporate cash flow increase dramatically and we would have more millionaires, billionaires and maybe even another trillionaire when that cash flow moved from the big health care conglomerates to their bottom line, so would the net worth of the 150 million American adults that own public stocks Capitalism is better than socialism because 150m Americans can influence exactly what happens in this country.

Me realizing I’m closer to becoming a billionaire than Elon Musk

Parker… You don’t seem to understand. Corporate adoption is part of the Power Law/adoption curve. If it wasn’t Saylor or Fink or whoever, in another dimension it would be someone else. This is adoption. Welcome to the real world.

For the record. SpaceX, Hayek, and the Progressive War on Wealth Creation The progressive left clings to the fantasy that wealth is manufactured by the state and its pet technocrats rather than by entrepreneurs who risk their own capital to create real value. In their mythology, government planners are the heroic “designers” of prosperity, while the private sector is a problem to be taxed, regulated, and morally lectured. As Hayek warned, “the more the state ‘plans’ the more difficult planning becomes for the individual,” and progressives are determined to make individual planning all but impossible. Their entire project rests on a basic fraud, confusing redistribution with creation. Social-democratic and socialist progressives boast about “fairness” and “equity,” but their toolkit is nothing more than confiscation and reallocation, slicing the same pie thinner while pretending they’ve baked a new one. Hayek’s point that “there is all the difference in the world between treating people equally and attempting to make them equal” goes straight over their heads, they weaponize the latter to justify endless expropriation from those who actually produce. The manufactured outrage on the progressive left over the SpaceX IPO is not about fraud, abuse, or failure, it is about their ongoing indoctrination campaign to portray success, risk-taking, and genuine wealth creation as moral crimes. A private company goes from “10 percent chance of success” to one of the most valuable enterprises on earth, and their instinctive response is not admiration or curiosity, but rage that such achievement is even allowed to exist. They see Elon Musk’s trillionaire status not as the byproduct of extraordinary innovation and execution, but as a kind of cosmic theft that must be punished by the tax state. This is entirely consistent with the broader progressive project, socialize resentment, demonize entrepreneurial gains, and condition the public to believe that any concentration of wealth outside the state is inherently illegitimate. Hayek saw this coming decades ago when he warned that central planning steadily erodes the scope for individual initiative, because the logical end of their ideology is a public that no longer dares to think in terms of independent ambition or long-term wealth building. Progressive leaders feed this mindset daily, insisting that “rigged” markets and “oligarchs” are the problem, while cleverly leaving the state, and its favored constituencies, as the only acceptable repositories of power and resources. Their reaction to SpaceX is a case study in this pathology. A company that has slashed launch costs, expanded human access to space, and built critical strategic infrastructure is reduced in their rhetoric to a symbol of “inequality” and “greed,” precisely because it exposes how much more effective decentralized, risk-taking capital can be than bureaucratic planning. The message encoded in their fury is clear, do not build, do not risk, do not aspire, unless it is under the watchful, confiscatory eye of the state. $SPCX

Who should we believe?

Both the admin and Anthropic could be gaslighting here. I have no idea what the true story is. However, it doesn’t matter. Let’s just hope Fable can be reinstated and let’s hope that these issues can be resolved in a better manner moving forward. Repeated things like this can really start to kill the AI trade.

I’ve had a number of conversations with folks inside and outside government about the current situation with Anthropic, and here is what I believe to be true: — As we know, Anthropic publicly released its Mythos class models earlier this week under the commercial name Fable. — Fable is Mythos with guardrails. But if those guardrails fail, then you’ve exposed Mythos and its advanced cyber capabilities to people who shouldn’t have them. (Keep in mind that Anthropic itself widely promoted the idea that Mythos was a cyberweapon and needed to be regulated as such. They asked for government regulation of Mythos and championed the guardrails on Fable. If there is a vulnerability — big or small — it is Anthropic’s responsibility to patch.) — A highly credible trusted partner of both Anthropic and the USG who was testing Fable came forward with a jailbreak of those guardrails. The Admin asked Dario to fix the jailbreak or de-deploy the model. Dario refused. — In their blog post, Anthropic defended its decision by saying the jailbreak isn’t serious. That is not what the trusted partner and the USG believe; nor is that kind of minimizing language consistent with Anthropic’s brand as the AI safety company. It’s difficult to fathom how they could claim a jailbreak allowing operability of a cyber weapon could be defined as not “serious.” — In the past, Anthropic has always said that safety must be top priority and taken super seriously. In this case, Anthropic prioritized the continued offering of the consumer model over safety. — In reaction, the Admin issued the export control. The Admin did this reluctantly. It’s been very surprised that Anthropic hasn’t wanted to cooperate with a reasonable safety request (ie fixing the jailbreak issue). Anthropic’s reaction is very much at odds with their branding and ethos as a safe AI research community. — The Admin’s hope now is that Anthropic remediates the safety issue, the export control is lifted, and Fable goes back into general release. The Admin wants all of this to happen as soon as possible. It is frankly bewildered that Anthropic hasn’t wanted to comply with safety requests that it previously said were its highest priority. — Those trying to misdirect and tie this action to the prior DoW/Anthropic issues are wrong. The Admin values Anthropic’s technical capabilities and feels that this issue, while serious, should be easily resolved. The ball is in Anthropic’s court.

Look at these guys in the comments 🤣🤣 Clowns. Go cry to your momma.

Just blindly repeating “Bitcoin is money” doesn’t universally make it actual money. It can have the characteristics of money and not actually be money. Money is a universally agreed upon contract but there is no definition or strict rule that money has to abide by. This is why I like Layered Bitcoin by @timevalueofbtc because the book actually describes the different layers of money in the system and gives a very accurate vision as to how Bitcoin would function in our world. Bitcoin can be base layer money but that does not mean it’s the money people transact in. This is a core disagreement but Bitcoin doesn’t have to be the transactable layer to succeed. You will not get UNIVERSAL agreement to have Bitcoin be used for payments for coffee in the current system because that’s not how the system is set up. The issue with Bitcoiners like this is they believe Bitcoin only succeeds if fiat dies as MOE and Bitcoin replaces it. This is a narrow mindset and is not likely to happen. The dollar is still extremely entrenched in the world and something like that isn’t even a possibility in my mind anytime soon and people shouldn’t hope for it either because you’re assuming you know that outcome is better for the world. Spoiler alert. No one knows what’s good for the world. However, this is the system we live in and Bitcoin is not the system. Bitcoin is an asset within the system and it plays by its rules. It is much more likely that deposits will be backed by Bitcoin similar to Gold and banks will have USTs from the Fed and issue dollar deposits on those claims. This is a much more likely future that Saylor is building as we speak. There is no deterministic viewpoint in which Bitcoin must have to make it be “money”. Bitcoiners think just because it has characteristics of good money, doesn’t mean it must be MOE. In today’s system, money and credit are interchangeable yet credit has no “characteristics” of money. Dollars are loaned into existence and those new dollars are credit. We transact on loaned money. We transact on credit. They’re interchangeable. Too many people are in la la land trying to change a system that doesn’t want to be changed. Credit works for a reason. Credit was actually a thing before barter. It was the first way to transact. Understand this and understand that money and credit will always live in existence. My point of this write up is Bitcoins purpose is solely to be MOE. There are many reasons for it to be adopted and forcing a world view that isn’t conducive to the world we have now is the same as dreaming.

I’ve heard Trump selfishly wants to confiscate the Iranian enriched Uranium to confirm it was Obama who literally gave it to them in a deal that wasn’t shown to the public. I don’t know how they would know that specific uranium was the lot that Obama allegedly gave to them but it’s an interesting theory as to why he’s trying so hard. Remember, Trump still feels a vendetta against Obama and Hillary for defaming him. Trump cares about incentives above all and don’t put this past him.

I’ll believe it when I see it.

Just long $HYPE and that’s all you need. $BTC is capital and $HYPE is the most efficient business in the world and benefits from disruption.

AI bottlenecks are making me bearish.

Market volatility is picking up: The Nasdaq 100 index posted 5 consecutive trading days ending Thursday with a move of at least 1% in either direction, the longest streak since August 2024. This also matches the streak recorded in April 2025 during market turmoil following Liberation Day. The information technology sector also ranked among both the strongest and weakest-performing sectors in the S&P 500 across 4 of the 5 trading sessions ending Thursday. As a result, the Nasdaq 100 Volatility Index, $VXN, jumped 11 points in 5 days, or 49%, to its highest level since April 2025. Volatility remains elevated across the technology sector.

Also connect the dots. Why are these larges companies (SpaceX, OpenAI, and Anthropic) racing to go public so quickly now? Remember 6 months ago, OpenAI and Anthropic were going to wait until around beginning of 2027. The reason is most likely they’re worried the market demand for AI starts to flatline once this is realized by the market. I just don’t really have a great feeling about it. Let’s see how it plays out.

Market View on AI: I am beginning to get increasingly more worried about bottlenecks. Let me explain. Bottlenecks are bullish in the beginning because the market begins to pull forward demand and capital floods into the most needed sectors (you see this with semis, data centers, optical fiber connects, energy, copper, silver, etc). The issue is, if these bottlenecks persist, the demand and earnings growth the market projected into the future begins to start to look much more bleak because you simply cannot get orders filled. This is where I start to see breakdowns because there’s SO many bottlenecks that can’t be solved in the US and many parts we still get from China. I wouldn’t be surprised if the market just has a moment of realization when the bottlenecks start to weigh on earnings and we could have a Black Monday scenario. I think something like this could happen in the next 6-8 months and the Fed steps in and that’s what really accelerates this cutting cycle. I just don’t see a way out of this. All these parts are backlogged and at some point it will weigh on the entire AI economy and it will be a one way train down. I’m not bearish yet but I’m starting to get these feelings in which the market isn’t pricing in how these bottlenecks start to weigh on future orders and if suppliers simply can’t get fills then the whole chain just gets disrupted at once. I’m certainly not someone who knows all the info on exactly what is needed for every part of the build out but I know enough to know that when bottlenecks last for too long, a wash out and rerating needs to happen once the market sees that this growth of demand simply cannot be sustainable if there isn’t the availability of parts needed. Not buying AI now. $BTC and $HYPE is all I need. I’ll watch the drama from the sidelines.