diglloyd @diglloyd

🧵 Here is the TRUTH: Dangerous gain-of-function research was funded by the U.S. government around the world, directed and approved by people like Dr Fauci. @DNIGabbard exposed that yesterday. Using U.S. government data, put together and uncovered by career subject matter experts in the Intelligence Community and other government agencies, yesterday’s release highlighted one example of the many overseas biolabs funded by the U.S., the research conducted there, and the significant risks they pose to the world, especially when located in a country at war.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ 🔗 dni.gov/files/BIOLAB_S…

It is nonsensical for Bitcoiners to get mad at people using fiat to buy stocks if Bitcoin is money. If Bitcoin becomes the global unit of account, people will eventually buy equity with Bitcoin. Equity ownership does not vanish on a Bitcoin standard. Companies still exist. Claims on productive enterprise still exist. Capital allocation still exists. The only thing that changes is the denominator. Stop thinking in fiat morality. Start thinking in Bitcoin accounting. Use Bitcoin as your unit of account.

The UK has a new form of government: Replacement Collectivism Replacement Collectivism combines authoritarian leftist totalitarianism with deliberate demographic engineering via mass third-world migration and preferential elevation of migrants into positions of power, replacing the native population's cultural and political dominance to sustain an enforced egalitarian collective under centralized state control. This hybrid subordinates historic national continuity to ideological renewal, using migration as the tool where classic fascism used ultranationalism and orthodox Marxism used class warfare.

If, when you say regulation, you mean the dead and clammy hand of the commissar—the gentleman who has never in his life built a single thing, drafting rules to govern a thing he cannot define, to be enforced by men who cannot read them; if you mean the form in triplicate, the impact assessment upon the impact assessment, the compliance officer who breeds, in the warm dark of the org chart, further compliance officers unto the third and fourth generation; if you mean the moat—the deep cold moat that the giant digs around his own castle and christens, with a perfectly straight face, public safety—the drawbridge he hauls up behind himself the very instant he is across, lest any hungrier and hungrier man should follow; if you mean the precautionary principle, which, had it governed our grandfathers, would have banned the wheel pending further study of the hill, and left us yet shivering and raw in the mouth of the cave, blessing its excellent ventilation; if you mean the European disease—that magnificent open-air museum of a continent, which produces in our time precisely two things in great abundance, and they are regulation, and the eloquent and well-footnoted regret of cultivated men explaining at length why they have produced nothing else; if you mean the license required to think, the permission slip for honest arithmetic, the king’s wax stamp pressed upon the forehead of every new idea before it may draw its first breath; if you mean the agency dispatched, with trumpets, to slay a single dragon, which arrives at the cave, surveys the accommodations, and moves in—and spends the ensuing century laying eggs and devouring the very villagers it was sworn to defend; if you mean the startup that perishes not of the market’s honest verdict but of the filing fee, the genius decamping by the next tide to a freer and warmer shore; if you mean the law that arrives, faithful as the swallows, exactly one whole epoch too late—helmeted, plumed, and magnificently armed—to regulate the stagecoach—then certainly, my friends, I am against it. But—but, my friends—if, when you say regulation, you mean instead the humble steel guardrail upon the mountain road at midnight, the very thing you curse on the easy days and bless on your knees the one night the fog comes down; if you mean the brakes—for it is the brakes, and not the engine alone, that permit a sane man to drive fast and yet arrive alive—and the buttress, without which no cathedral was ever flung so high, but only in spite of which, but because of which; if you mean the meat inspector, who is the single homely reason a man may eat a sausage in this republic without first composing his last will and testament; if you mean the firebreak cut clean through the forest before the dry season of the burning, the smallpox cordon, the buoy that marks the channel, the rule of the road that lets ten thousand strangers hurtle past one another in the dark at fearful speed and arrive, by its quiet grace, every one of them home; if you mean the honest scale and the true weight, the reason a pound is a pound and a dollar a dollar from Natchez to Nome; if you mean the firm and decent wall between the counterfeit voice and the widow’s bank account, between the deepfaked candidate and the ballot box on the eve of the vote, between the loosed and loveless machine and the schoolyard it neither knows nor pities; if you mean the simple plank of law that says the strong shall not, in the gray dawn, feed the weak quietly into the furnace and sell the rising smoke as progress; if you mean, in the end, the one slender thread of trust without which no citizen will ever dare to use the marvelous thing at all—for where there is no rule there is no trust, and where there is no trust there is no commerce, and a miracle that no man dares to touch is no miracle, but only a handsome and expensive ghost—then certainly I am for it. This is my stand. I will not retreat from it. I will not compromise one inch of it.

Yup

@jameslavish Big fan of SpaceX. Most of the leftists screeching against it are off-base. It’s also wildly overvalued. From a fundamental analyst perspective at 100x sales it makes no sense. But Tesla at 15x sales and 3 years is no growth doesn’t make sense, either. Can’t short the vibes.

*Global.

Toby Rogers @uTobian

18 hours ago

The collapse of American science and medicine is the biggest story of our lifetime.

72 124 765 13K 14

Japan just made Bitcoin a financial instrument. Metaplanet is now licensed (after acquisition closes) to distribute bitcoin-related financial instruments. -bitcoin-backed bonds -JPYC/BTC settlement layer -bitcoin-backed preferred equities -tokenized bitcoin-backed securities In other words, Metaplanet is now a licensed manufacturer and distributor of bitcoin related financial instruments in the third largest economy on earth. They just became the first regulated bitcoin securities platform in Japan. It’s stunning work.

Dylan LeClair @DylanLeClair

11 hours ago

June 11: Japan’s lower house passes bill moving crypto from payments law to financial-product rules, effective within a year. June 12: Metaplanet acquires 100% of Siiibo Securities, adding a regulated Type I securities platform to build and distribute BTC-linked yield products.

40 93 1K 56K 51

My mom found my handwritten notes about lizard people running the central banks and she asked if I needed help and I told her the reptiles figured out they could print infinite money to keep us eating bugs and owning nothing while they do whatever they do with the kids and she called my brother and now they both think I’m gone but my Bitcoin doesn’t care if the overlords have scales or just regular human evil because math doesn’t do plea deals with reptiles

WARNING: Europe Faces Islamic Conquest Once Again Europe, heed this grave warning from history before it is too late. Since the 7th century, Muslim armies burst forth from Arabia, rapidly conquering vast territories across the Middle East, North Africa, and deep into Europe. They subjugated Christian, Jewish, Zoroastrian, and pagan peoples alike under Islamic rule, pushing into Spain and France before being halted at Tours in 732 by Charles Martel. The Reconquista later expelled them from Iberia, while the Crusades pushed back to reclaim the Holy Land after centuries of conquest and persecution of Christians there. Centuries later, the Ottoman Turks made repeated attempts to engulf Europe, only to be turned back at the gates of Vienna. In the wake of each conquest, non-Muslims faced brutal subjugation as legitimate spoils of war under Islamic doctrine. Men were routinely enslaved en masse, often castrated and worked to death in labor gangs, mines, or as eunuchs in harems, with staggering mortality rates claiming countless lives. Women and girls suffered systematic sexual enslavement as concubines—“those whom your right hands possess” (Quran 4:24 and others)—distributed among soldiers and elites for pleasure, reproduction, and service, their families shattered and their bodies claimed as rewards of victory. Survivors endured jizya taxes, humiliation, or forced conversion to escape bondage. This horror repeated across India under the Ghaznavids and Mughals, where hundreds of thousands were enslaved in single campaigns, temples destroyed, and women funneled into harems, and in the Barbary raids that depopulated European coasts, selling women into lifelong sexual servitude. This relentless drive for domination flows directly from core Islamic teachings on jihad, such as Quran 9:29 (“Fight those who do not believe in Allah or in the Last Day... until they pay the jizya willingly while they are humbled”), the division of the world into the House of Islam and the House of War, and the religious imperative to expand dar al-Islam until all submit. Early caliphates exploited weakened empires for swift victories, yet overextension, internal schisms, corruption, and fierce resistance consistently halted their advance. From Poitiers to Lepanto to Vienna, non-Muslim coalitions formed under existential threat and prevailed. Each failure followed the same pattern: temporary gains undone by the limits of their own systems and the unyielding will of those they sought to conquer. Today, through mass migration, demographic shifts, political infiltration, and demands for sharia accommodations, Europe confronts yet another wave of this ancient pattern. Weak, treacherous leaders—corrupted by ideology, fear, or self-interest—have thrown open the gates, enabling the takeover while ignoring the rising death and destruction: grooming gangs, no-go zones, terror attacks, and cultural erosion that betray their own citizens. If good Europeans do not awaken immediately and unite with fierce resolve, the consequences will prove catastrophic: native populations reduced to minorities in their ancestral lands, the imposition of Islamic supremacism, the erosion of freedoms for women and non-believers, a resurgence of slavery-like exploitation, and escalating violence that will plunge the continent into irreversible darkness. Confront this enemy from within on two fronts—the advancing forces of conquest and the suicidal elites among your own people who actively pursue utter self-ruin and the dismantling of Western civilization. The warning signs surround you: demographic replacement, political appeasement, and the steady weakening of national sovereignty. Rise up now with the same courage as your ancestors. Reject the traitors in power, reclaim your nations, and halt the invasion before the cycle consumes you. The hour is late. Act decisively, or lose everything. The cycle is closing in once more. The time to rise up is now.

Anthropic's Fable 5 safety filter did not work. It blocked things that were completely vanilla, seemingly at random. Then, it could be easily bypassed, which I ended up doing just to get the vanilla things working. Imagine being one of the world's top tech companies, screaming about safety, and then releasing a completely broken safety mechanism. Does a hypercompetent tech company that for years has been shouting from the rooftops about safety and national security release a completely incompetent safety mechanism? Does it release a broken safety mechanism on this model after being warned by the U.S. government not to release the model, because it is unsafe? Does that same company, when the U.S. government points out that the safety mechanism is broken, respond to publicly downplay the problem? One would think that Anthropic would have dedicated a cracked team to get the safety mechanism working properly. But apparently it didn't. It is so bad and so dumb that it feels like it must have been on purpose. I'm not saying it was on purpose. But how can such a cracked company whose core identity is AI safety create such a broken solution -- and then play down how broken it is? I am trying to understand.

Three months ago, @DeptofWar kicked @AnthropicAI out of our building—forever. Every passing day proves why that was the right move. 🇺🇸

@AmericanDebunk aka self immolation

@DylanLeClair June 15?

@80IQConviction Good information, less the rat feces extras.

Bitcoin treasury companies (BTCTC) are a confusopoly. These are publicly-traded equities in a market that WANTS TO VALUE EQUITIES LIKE THEY ALWAYS HAVE. Book value. Real accretion. assets vs liabilities eg Senior Claims vs BTC hoard The leaders of these companies are living in an information BUBBLE. Until these leaders lead by using metrics that net-out Senior Claims, they are NOT going to get full credibility. The situation is now RIDICULOUS. END THE CONFUSOPOLY @AdamBLiv @ZynxBTC @thebtcpharaoh @CEBETracker @HermesLux @RoaringRagnar @DylanLeClair @gerovich @saylor @phongle @IIICapital @colemacro @punterjeff @asjwebley

diglloyd @diglloyd

a day ago

@CJ_Bitcoin @jackmallers @BitcoinCarni @stephanlivera @OnChainMind @NYDIG At some point, Bitcoin treasuries who fail to net-out Senior Claims for standard equity valuation are going to look like CLOWNS. It is a BAD LOOK to keep up this nonsense. Don't make it worse by pretending it isn't. It DAMAGES THE COMPANY OVER TIME. @AdamBLiv @CEBETracker

1 0 6 1K 0

@Croesus_BTC @smarterwebuk Jesse, NBPS doesn't roll off the tongue like CEBE, but good work adding! Will you be adding CEBE mNAV and CEBE Bitcoin Yield?

At @smarterwebuk we think "Net Bitcoin per Share" is an important metric to track an Amplified Bitcoin treasury strategy. For this reason, we have added this metric (alongside "Gross Bitcoin per Share") to our analytics dashboard. Hopefully the distinction here is clear. - "Gross" = total BTC in our treasury - "Net" = (total BTC in our treasury) - (BTC needed to settle fiat obligations at current BTC prices) In other words, the equity value attributable to Ordinary Shares. (See image of balance sheet for simple view of these relationships.) We've also added the £ equivalent ("Net Bitcoin Value per Share") as a useful measure of the treasury value per share after subtracting out fiat obligations. We suggest that this measure (currently £0.32) when compared against the market price per share (currently £0.27) may indicate whether the market share price is trading at a premium or discount to the net equity value per share. The reason that we feel these "Net" metrics are important is that Smarter Web is growing into "Amplified Bitcoin for the UK." We currently have 15.7% leverage, which we have incrementally established over the last few months. We believe that levered Bitcoin exposure at these relatively low Bitcoin prices creates structural uplift to Ordinary Share value if Bitcoin's price appreciates at greater than our cost of capital. This is the value proposition of an "Amplified Bitcoin" treasury company. (For a simplified visual explanation of how this could play out, see slide from @asjwebley 29 May presentation from the inaugural Bitcoin Treasuries Unconference UK) One way to track whether the "Amplified Bitcoin" strategy is working over the coming years will be to observe whether "Net Bitcoin per Share" increases over time as a result of the interaction between static fiat obligations and the (possible) appreciation of Bitcoin assets funded via those fiat obligations. If Bitcoin enters a sustained bull market in the coming months or years, the "amplified" performance of our Bitcoin treasury may deliver Ordinary Share value growth greater than Bitcoin's growth. Incidentally, that value proposition may be worth paying a premium for. Currently, SWC shares trade at a 17% discount! LSE: #SWC | OTCQB: $TSWCF | FRA: $3M8

keyboard_arrow_left Previous keyboard_arrow_right Next

@BowTiedTrance starlink

@Jason follow Jason for all the best midwittery

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.