Definitely zero bugs this time github.com/aeyakovenko/perco…

SpaceX raised only $12B of capital before going public. With that $12B, they revolutionized the rocket industry, built a global satellite network, and created arguably the most innovative company of all time. The federal government spends $12B every 15 hours and still can’t get its shit together. Prior to SpaceX, NASA was sending astronauts into space on Soviet-era Russian Soyuz capsules. So no, I don’t find Elon’s wealth to be a problem, and I wouldn’t trust Elizabeth Warren or Bernie Sanders to allocate a single dollar of it.

Jordan would have never let this happen

🧠🧠🧠

Build the data centers

Five dimensional chess doesn’t exist. Everyone is furiously improvising all the time. The future is utterly uncertain.

I think these guys are all saying that W Bush was right, social security should be converted into investment accounts.

Virtually none of Musk's wealth comes from government "help". The government bought things from Musk, as any other customers. It buys flights to the International Space Station (ISS) cheaper than it can buy them from Boeing or the Russians. That's not "help", that's "being a customer". The government wanted more electric cars, so it gave a $7500 tax break. Yes, this "helps" Tesla, but only as the secondary effect of the government helping itself, furthering it's climate policies. Whatever help you think Tesla and SpaceX gets, the government funnels far more to its competitors. That tax credit was available to all car makers. NASA gives outright grants of billions to SpaceX competitors that go nowhere, like Boeing's ill-fated "Starliner" and the "SLS Artemis" rocket to nowhere.

Best products will win in the market

The valuation of SpaceX is based on the future value it creates for the world. A farm’s valuation is based on the extra food it grows in the future. It would be good if there was a farm with 1 trillion valuation because it means the expected extra food it will grow will be worth $1T to the people consuming it. If there were 500 more SpaceX companies, the world’s standard of living would be twice as high. Because the 500T of capital is representing the benefit delivered to consumers minus the cost to produce it. The tesla cars, the satellites, the nuerolinks, For the world’s median standard of living to hit the same as that of the median American, we need 10x global productivity. 5 quadrillionaires would do it. There is no way to morally justify opposing quadrillionaires

Lol, they are just doing @ercwl rainbow charts.

As someone who had 6 years of soviet education, I find the USA Marxist education to be utterly sub par. Wealth can only be created by the workers calloused hands setting the means of production in motion. It is the surplus that only living labor can wretch from dead labor. The tesla car and the satellite is the wealth. Steel and lithium embodied into consumer use value of a self driving car. If there was twice as many of them in the world, the world is clearly wealthier. If there was twice as many SpaceX shares, no matter how they are distributed, the world’s wealth is the same.

solana's new narrative is here. and it's not memecoins or NFTs. > trade anything, spot, 24/7. high liquidity. minimal slippage. we've always dreamt of this: any asset, any chain, live on solana from day one. @SolanaFndn pushing this hard with the frontier traders vip program, $500m 30d volume $16m open interest gets you priority access, rebates, closed door invites. the everything chain arc is live. and it's just getting started.

Fable was so good I am using 4.8 just to feel closer to it.

🇺🇸🇺🇸🇺🇸

To the naive observer it may seem like America is viciously fighting itself. But all our fighting is about money, which the government can print infinitely more of at any time.

I miss fable already. For a brief moment I felt like I was flying.

I think what Senders is saying is that W Bush was right and Social Security should have been converted into investment accounts.

lol. Senator from Massachusetts who created a self inflicted cost of care crisis wants to tax the people of Texas, who build electric cars and rockets, to subsidize the self inflicted cost of care crisis

What is the value of a company with a poison pill for the founders. If taxes on unrealized value of the shares force the founders to dilute ownership then they must fully liquidate and start a competitor business.

Comrades, Behold the midwit intelligentsia, the petty-bourgeois clerisy who mistake moralistic sloganeering for a material analysis of society. To call them the gravediggers of the revolution would be an insult to the gravediggers themselves—whose cracked hands at least bear the marks of living labor, the only force on earth capable of producing surplus from dead labor. They produce nothing but speeches, resolutions, and PowerPoints—pure ideological froth. Had they understood even a page of Capital, they would have left the faculty lounge and learned engineering, metallurgy, or logistics—disciplines that actually expand the productive forces of society. For the emancipation of the many requires not the taxation of wealth, but the elevation of the productive powers that make wealth possible at all. They crow “tax the rich,” as though the redistribution of coin solves the contradiction between capital and labor. They confuse capital with mere money, and thus imagine that by shifting numbers between ledgers they have transformed the relations of production. In truth, they merely grope at the symptoms while preserving the disease. Elon, for all his bourgeois illusions, at least grasps the material truth: factories, machines, and processes—constant capital—must be improved, expanded, and transformed to raise the surplus generated by each worker. His factories produce Teslas. These people produce…press releases about imaginary charging stations. The gulf between them is the gulf between production and performance, between use-value and empty rhetoric. Their only purpose is political self-preservation. Bureaucrats without a base, tribunes without a class, they must postpone the revolution indefinitely, for a revolution would render them obsolete. What use has the working class for professional PowerPoint-makers? For pamphleteers who have never set foot near a lathe, a forge, or a supply chain? If one must choose, better the capitalist who builds productive forces than the petty-bourgeois moralist who lives parasitically upon them. For the former inadvertently prepares the material basis of socialism, while the latter is a parasite that destroys it.