Eric Forst | AI + Web3 @eforst

My latest Substack post connects the dots between Trump’s DOJ lawfare and a similar threat posed by opaque AI systems that pass judgment on the most critical moments of our lives…civicsnation.substack.com/p/federal-judg…

A Louisiana resident named Marshawn didn’t hold back today and didn’t care who he offended with what he said. He’s right; this is MAGA’s last gasp for air. The courage of these residents to speak out gives me hope for our future. #DemsUnited

A man with no working truck convinced Wall Street he had built the next Tesla. His company hit $30 BILLION. All he did was push it down a hill with no engine. > Trevor Milton founded Nikola in 2014, named after the same inventor as Tesla. > The goal was to build hydrogen powered trucks that would make diesel obsolete. He had no trucks. > In 2018 he released a promotional video called Nikola One In Motion. It showed a sleek semi truck accelerating smoothly down an open highway. Investors went wild. > What nobody knew was that the truck had no engine, no fuel cell, and no propulsion system of any kind. > Milton's team towed it to the top of a hill, tilted the camera to hide the slope, and let it roll. > He spent the next four years doing the same thing with words. On podcasts, television and social media. > Investors were told Nikola could produce its own hydrogen. It could not. They were told the trucks were ready for production. They were not. They were told orders were flooding in. They weren't. > In June 2020 Nikola went public. Within days the company was worth $30 BILLION, more than Ford. > Milton's personal stake hit $7.3 BILLION overnight. > A $32.5 MILLION ranch in Utah followed. A record for the state at the time. > In September 2020 Hindenburg Research published a report calling Nikola "an intricate fraud" built on "an ocean of lies." Milton resigned within ten days. > A federal jury convicted him of securities fraud and wire fraud in 2022. Sentenced to four years in prison the following year. > He never went. He was free on $100 MILLION bail pending appeal. > He and his wife donated $3.2 MILLION to Donald Trump's 2024 campaign. > In March 2025 Trump gave him a full pardon. The pardon erased $168 MILLION in restitution to defrauded shareholders. > Nikola filed for bankruptcy the following month, leaving thousands of investors with nothing. The company never had a product. The only thing that was real was the $30 BILLION valuation, the $7 BILLION that landed in his pocket and the pardon that made sure none of it had to be returned.

More brilliant satire from Peter Girnus… we are so fucked… heads must roll for this.

Peter Girnus 🦅 @gothburz

a month ago

I have three monitors on my desk. The left one shows the order book. The middle one shows Truth Social. The right one shows the investigation queue. On April 21st, the left screen moved first. I am a Senior Surveillance Analyst at a commodities exchange. I have held this

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@natbielczyk has created the best self-assessment tool for career growth that I've ever experienced. Not only does it help you learn your unique strengths and working style, but it also helps you find your ideal working environment, and you need both to be successful in a career.

Natalia Bielczyk, PhD 🇵🇱 🇳🇱 🇺🇸 @natbielczyk

2 months ago

Happily announcing the premiere of our new landing page!! 🔥 I was making this mistake for so long… I like to think of myself as a person of fine taste who can tell the difference between ugly and pretty design. But that doesn’t mean I'm capable of creating the design.

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I have posted multiple confessions about World Liberty Financial over the past few days. 4 crypto products. 3 presidential pardons. $1 billion extracted. $3.87 billion in retail losses. 600,000 wallets. 110 footnotes. Every claim sourced. Every link cited. The definitive accounting of the Trump family's crypto operation — from the team page to the pardons to the stablecoin tollbooth to the $18.5 million dinner seat. Every event unrelated. Now on substack 👇

Looking forward to co-hosting this event!

Natalia Bielczyk, PhD 🇵🇱 🇳🇱 🇺🇸 @natbielczyk

2 months ago

-- together with @eforst, @albertqian, Annette Blum Pearson (MBA), Irene Nexica, Garrett Rice, and the amazing community around Albert's List. Cast at the legendary Homebrew Club led by @erickd @ 111 Maiden Ln, San Francisco.

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My latest Substack post is inspired by a conversation between David Z. Morris and @gilduran76 in which they trace the origins of Bitcoin and its influence from Jeffrey Epstein, Brock Pierce, and Steve Bannon as an instrument of techno-fascist control civicsnation.substack.com/p/bitcoin-epst…

Trump extraction timeline Built from the Gold Paper, White House orders, SEC actions, public disclosures, company statements, blockchain analysis, and major investigations including MASTR, WSJ, ABC, and Fortune. 12/16/2021 Melania entered the NFT business. The monetization phase had already started. 12/15/2022 Trump launched his first NFT trading cards at $99 each. Politics became digital merchandise. 12/2023 The Georgia mugshot became another product. The MugShot Edition tied 47 card purchases to a suit fragment and a Mar a Lago dinner invite. 08/27/2024 The “America First” NFT collection followed. Buy 15 cards, get a piece of the debate suit. Buy 75, get a gala dinner. Brand loyalty was now a purchase tier. 09/16/2024 World Liberty Financial was unveiled on X Spaces. The Gold Paper later showed the structure plainly: 100 billion $WLFI, 30% to co founders, no profit rights for holders, 22.5 billion $WLFI plus 75% of net protocol revenue to DT Marks DEFI LLC, and 7.5 billion plus 25% to AMG and WC Digital Fi LLC. The same document’s supporting team listed 12 people, including 4 Trumps and 3 Witkoffs. 10/15/2024 The $WLFI sale went live. Buyers quickly learned what the fine print meant: governance cosplay for the public, cash flow for insiders. 11/25/2024 Justin Sun entered with $30 million while facing SEC fraud pressure. He later said his total commitment rose to $75 million and became an adviser. 01/16/2025 Four days before the inauguration, a UAE linked firm associated with Sheikh Tahnoon signed a $500 million deal for a 49% stake in World Liberty. The deal did not surface publicly until February 2026. Months later came the chip approvals. 01/17/2025 $TRUMP launched 3 days before the inauguration. Only 200 million coins entered circulation. 800 million stayed with CIC Digital and Fight Fight Fight. Within 2 weeks, estimates put trading fees at roughly $86 million to $100 million while about 200000+ Meteora wallets were already losing. 01/19/2025 $MELANIA launched and extended the family memecoin cycle. Both tokens later crashed hard from their early peaks. 01/19 to 01/20/2025 During inauguration days, World Liberty’s fundraising accelerated toward nearly $300 million. In January, the fine print also changed so the Trump side took control through a 60% stake in the controlling entity. The family position tightened as money rushed in. 02/26/2025 The SEC paused its civil fraud case against Justin Sun, citing public interest. 03/06/2025 Trump signed Executive Order 14233 creating the Strategic Bitcoin Reserve and the United States Digital Asset Stockpile. The government was now formally directed to hold BTC while the family was already deep in crypto. 03/24/2025 Trump Media partnered with Crypto com to launch crypto and “Made in America” investment products through Truth Fi. 03/25/2025 World Liberty announced USD1, backed by Treasuries, dollars, and cash equivalents, after raising more than $550 million from $WLFI sales. 03/28/2025 Trump pardoned BitMEX co founders Arthur Hayes, Benjamin Delo, and Samuel Reed. Gregory Dwyer and the BitMEX operating entity were cleared too. Another crypto legal burden vanished. All 3 received presidential pardons. Then the company itself was pardoned. $100 million in fines cancelled. 03/31/2025 Eric Trump, Donald Trump Jr., and Hut 8 launched American Bitcoin. Hut 8 folded most of its mining operations into the venture for an 80% stake. America First? Hut 8 is canadian. 04 2025 MASTR, described as Abu Dhabi based, bought $25 million of World Liberty tokens. 04/23/2025 Trump offered the top 220 $TRUMP buyers a private gala dinner. By then, Chainalysis estimated the coin had already generated at least $350 million in fees for connected entities. 05/01/2025 USD1 was selected to close MGX’s $2 billion investment in CZs Binance. The stablecoin stopped being a slogan and became a transaction rail. MGX is chaired by Sheikh Tahnoon. 05/12/2025 The dinner contest closed with $147.6 million in time weighted $TRUMP holdings across the top 220. Since launch, 592962 wallets had lost about $3.9 billion, while large holders dominated the upside. 05/22/2025 The dinner happened. More than half of the 220 holders were likely based outside the United States. Justin Sun won first place with an $18.5 million wallet and posted a video from the Executive Office Building the day before. By then, the coin’s operators had earned about $320.19 million in fees, more than 60 large wallets had made close to $1.5 billion, and about 600000 smaller wallets were down $3.9 billion. Presidential access had become a leaderboard prize. 05/27/2025 Trump Media announced a $2.5 billion raise to build a bitcoin treasury: $1.5 billion in stock and $1 billion in convertible notes. 06/14/2025 The public financial disclosure made the machine visible in numbers. More than $600 million in income across crypto, golf, licensing, and other ventures. Included were $57.35 million from World Liberty token sales, $1.16 million from Trump NFTs, about $216700 from Melania NFT licensing, about $320 million in estimated $TRUMP fees, and more than $400 million taken in by the family from World Liberty. Add watches, sneakers, fragrances, and the Greenwood Bible. 06/25 to 06/27/2025 World Liberty said it was planning a stablecoin audit and a new app. Then Aqua 1, a UAE based fund with a minimal public footprint, announced a $100 million $WLFI purchase, becoming the largest publicly known investor at the time. 07/16/2025 Holders voted to make $WLFI tradable. The family’s token position moved one step closer to open market monetization. 10/23/2025 Trump pardoned Changpeng Zhao. Binance had already boosted the ecosystem by accepting USD1 for the MGX transaction. Several MASTR tweets about Binance-Trump- CZ deals went viral. 10/28/2025 Investigation estimated about $802 million in crypto income for the Trump organization in the first half of 2025 alone. Roughly $463 million came from World Liberty token sales. About $336 million came from the $TRUMP memecoin. 01/07/2026 World Liberty sought a national trust bank charter focused on USD1 operations. 01/14/2026 Pakistan signed an agreement with a World Liberty affiliate to explore USD1 for cross border payments. 03/13/2026 World Liberty offered “guaranteed direct access” to its business development team for investors willing to lock about $5 million in $WLFI. Under the project terms, 75% of new token sale revenue flowed to the Trump family, so a $5 million buy effectively routed about $3.75 million their way. That is the stack. NFTs. Mugshot monetization. Debate suit monetization. $WLFI extraction. $TRUMP. $MELANIA. Inauguration week token frenzy. USD1 stablecoin infrastructure. Dinner access for whales. American Bitcoin. Truth. Fi and crypto ETFs. Bitcoin treasury plays. Foreign capital. Pardons. Pay for access. It was and is a full extraction machine built around brand, office, access, loyalty, speculation, and political proximity. I am glad people are finally waking up. But the Witkoffs and the Trumps will keep going until they all end up behind bars.

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@RubenNorseman Good question

My latest Substack post on the civic imperative for decentralized AI... #web3ai #dai #JamesMadison #separationofpowers #liberty civicsnation.substack.com/p/the-architec…

@putinpounder @MMAJOEYC yep

Brilliant satire with a good rundown of the Trump family fraud scheme total raked in so far, will be helpful for the Emolument Clause violations article in his impeachment trial next year...

Peter Girnus 🦅 @gothburz

2 months ago

I am a Web3 Ambassador at World Liberty Financial. There are 12 of us on the team page. 4 are named Trump. 3 are named Witkoff. The page calls us "the passionate minds shaping the future of finance." 600,000 wallets bought our memecoin. They lost $3.87 billion. The family

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Trump booed at UFC...

MMA Joey @MMAJOEYC

2 months ago

HOLY SHIT!!! Donald Trump just got booed out of the arena in Miami at UFC 327 Dana White legit started cringing hard as fans rained down boos as they walked out to the cage. After that stopped the fans were just dead silent, couldn't find a single fan cheering for him

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His Ls on Iran and the Melania Files, with a 30% approval rating, come home to roost at UFC tonight...

Fresh Jawn of Philly 🔥 @Ponder07721658

2 months ago

Trump getting booed at the ufc event. Can that pos just go already

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If there is precisely one thing you watch today, make it this. French Senator Claude Malhuret. A microphone. And the most magnificently savage dismantling of the Trump administration ever delivered in a language they almost certainly don’t speak. He covers Iran. He covers corruption. He covers the kind of staggering, industrial-scale incompetence that would get you fired from managing a car park. And he does it with the calm, unhurried certainty of a man who has read every page of the indictment and found it, if anything, worse than expected. France has never pretended to like these people. But this is contempt elevated to an art form. The kind of refined, aristocratic disdain that takes centuries of civilization to produce and approximately ninety seconds to deploy. Malhuret sounds like he is four seconds from the button. Not out of panic. Out of sheer, exhausted disgust. Honestly? Understandable. Watch it. Share it. The adults are speaking. Gandalv / @Microinteracti1

My latest Substack post, When the Cloud Lords Rule: "Madison designed a system of government for people who understood that power concentrates unless structure prevents it. He didn’t ask the powerful to be virtuous." open.substack.com/pub/civicsnati…

Best explanation yet of how Trump annexed and destroyed our entire industry for the benefit of his family while screwing over everyone else…

Crypto Rug Muncher @CryptoRugMunch

3 months ago

x.com/i/article/2028…

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@charliejhills Reality

My latest post where I break down @TaylorLorenz's essential new video series on Section 230, and lay out what we should actually be fighting for instead. civicsnation.substack.com/p/section-230-…