Joined May 2021
- Tweets 3,393
- Following 3,196
- Followers 220
- Likes 12,936
92 Photos and videos
22 Mar 2023
I prefer to think that two weeks of price action means the great decoupling has happened and also that people who cannot stomach the exceedingly small risk of losing their bank deposits now prefer putting their savings into internet coins
but that’s just me
22 Mar 2023
My latest: a deep dive on why no, Bitcoin isn't pumping because it's a "safe haven" from banks. Please for the love of god stop printing nonsense.
newsletter.mollywhite.net/p/…
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LowIQSloth retweeted
15 Mar 2023
but the existence of decentralized crypto assets with better understood supply dynamics can still be a helpful counterbalance (and check) on fiat currency imo
rooting for nation-state fiat systems to fail often misses the point tbh
crypto can’t replace them. not even close
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15 Mar 2023
more of this please!
9 Mar 2023
City of Newark, New Jersey admits it got scammed into becoming “sister cities” with a fake nation.
@CBSNewYork
cbsnews.com/newyork/news/new…
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LowIQSloth retweeted
14 Mar 2023
NAILED IT: “In five years a number of banks will not be around because of blockchain technology.”
-Joseph DiPaolo, Signature Bank CEO, 2018
bloomberg.com/news/articles/…
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13 Mar 2023
Calling US treasuries “the riskiest asset in the world” is objectively asinine.
Balaji radicalizing himself in real time. Hate to see it.
Banks are failing because they bought Treasuries. Full stop. The "safest asset in the world" is the riskiest asset in the world.
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12 Mar 2023
evergreen tweet
12 Mar 2023
big week ahead for venture capitalists finding ways to take credit for things they had nothing to do with
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If managing inevitably uncertain interest rate risk seems impossibly difficult, I'd strongly advise against owning or running a very large bank.
This arguably boils down to their prediction of what the interest rate curve would look like.
Would it go up, down, sideways?
If you think this is easy, then a good exercise is to sketch out your predicted curve for the next few years. If you nail it you can make billions 🙂
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LowIQSloth retweeted
11 Mar 2023
There is no group of people making the full recovery of SVB deposits less likely than the All In podcast vc crew screaming from a rooftop for a bailout and blaming…Ukraine???
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11 Mar 2023
If you don’t declare my bank “too big to fail” too, then the only banks left standing will be too big to fail
totes
11 Mar 2023
The US banking system is on the cusp of being concentrated in a handful of politically connected “too big to fail” banks. One wonders if that’s the point.
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LowIQSloth retweeted
11 Mar 2023
Forget about the losses on securities, the true cause of Silicon Valley Bank's collapse is "cash burn":
Money-losing companies who banked at SVB were taking money out to fund operations.
They required constant inflows of venture capital funding which stopped, and...
(1/4)
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LowIQSloth retweeted
11 Mar 2023
SVB was just a badly run bank that went bust. Happens all the time.
What's special about SVB is that many influential people banked with them, and are now lobbying for special treatment.
Let's hope our system is fair.
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LowIQSloth retweeted
11 Mar 2023
Looks like SVB held $120b in securities but basically didn't hedge their interest rate exposure.
That's totally crazy. No wonder they failed.
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8 Mar 2023
tough one for the dickriders who had jumped to Elon’s defense because they just knew he was right and Halli was a lazy free-riding deep state liberal nazi or whatever
I would like to apologize to Halli for my misunderstanding of his situation. It was based on things I was told that were untrue or, in some cases, true, but not meaningful.
He is considering remaining at Twitter.
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LowIQSloth retweeted
6 Mar 2023
🇫🇷Gen: Yakovleff, riffing off R. Aron: "If one has to be under an Empire, frankly I prefer to be under the American Empire, and I believe that's the case for most of the people who wear blue jeans, drink Coke, and love yelling at their deputies."
6 Mar 2023
Dépendance
“Quitte à être sous un Empire, très franchement je préfère être sous l’Empire Américain et je crois que c’est le cas de la plupart des gens qui portent des Blue Jeans, qui boivent du Coca-Cola et qui aiment engueuler leurs Députés si vous voulez” 👊🏻
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LowIQSloth retweeted
26 Feb 2023
The cost of US military aid to Ukraine is 25¢ per day per American
For this investment Ukraine is dismantling the military of a top US adversary & China’s top partner
There is no “forever war” because we aren’t fighting
This isn’t a proxy war because Russia attacked Ukraine
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LowIQSloth retweeted
17 Feb 2023
This filing in the Dominion lawsuit against Fox News is one of the most remarkable documents I've ever seen. Filled with private texts between Fox stars like Hannity and Carlson, plus Murdoch, all admitting they knew Fox's stolen election claims were lies. int.nyt.com/data/documenttoo…
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LowIQSloth retweeted
15 Feb 2023
NEW: Elon Musk directed Twitter engineers to design a secret system to boost his tweets over everyone else's after his post about the Super Bowl did poorly compared to President Biden's: platformer.news/p/yes-elon-m…
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LowIQSloth retweeted
WOMEN👏DO👏NOT👏WANT👏FLOWERS👏THEY👏WANT👏FISHING LICENSES👏JUST👏TRUST👏ME👏ON👏THIS👏BRUH👏
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LowIQSloth retweeted
11 Feb 2023
So sudden cardiac deaths surged in 2020 (during COVID pre-vaccine), then dropped off as vaccine uptake increased, then surged again in Oct ‘21 (during the delta wave which was devastating for unvaxxed people). What does this prove exactly?
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