Matthew retweeted
I've had a support ticket with @Strike since August asking for XBT support so I can withdraw my hard fork coins @jackmallers .
I've been happy with the service, especially lightning compatibility, which allowed me to pay for my smash burger at @PubKey. It was my first time paying for anything with Bitcoin, and I'll always remember it as my personal pizza day moment.
I could save myself transaction fees by scheduling my DCAs, but my broke recent college grad son and I talk every Friday and we snag the 25 bucks of BTC together instead. We even count down 3 2 1 BUY so we get the same sats at the same cost basis.
I'm a Series C stockholder with @Swan so I'm probably an idiot for not switching my exchange already, but maybe this is a golden opportunity for @CorySwan to separate Swan from the rest of the exchange community and for you, Jack, to show loyalty to your customers like me that have shown you loyalty even against their own self interest.
I don't keep much of a balance on any exchange so if Strike decides not to allow users to withdraw their hardfork coins it won't kill me. I can buy cheap XBT to replace it.
But I will never forgive.
My son cannot just replace his stack so easily, and yes I blame myself for not helping him move to cold storage ahead of the hard fork, but that was in the middle of the cold card hack and leaving his coins on the exchange waiting for the dust to settle seemed like the least worst option.
Luckily, we did not use the two new shiny cold cards I bought for us or we'd both likely have no coins at all.
Bitcoin is providing opportunities to play the hero or the villain.
We will remember your choice.
Matthew retweeted
The amount of human suffering and misery that Michael Saylor added to the world is staggering.
What was the real human cost of 2000 $MSTR accounting fraud and collapse?
While precise census figures on individual household bankruptcies specifically tied to MicroStrategy do not exist in public records, court filings, SEC enforcement documents, and contemporary reports from the 2000–2002 dot-com collapse document tens of thousands of retail investors and employees whose life savings were wiped out.
Between March 2000 and July 2002, MicroStrategy ($MSTR) collapsed from a split-adjusted peak of $333.00 down to roughly $0.45—a 99.86% wipeout that vaporized approximately $11.1 billion in shareholder equity in a single day and over $24 billion across the entire unwind.
The Catalyst: The March 20, 2000 Revelation
Throughout 1999 and early 2000, MicroStrategy aggressively marketed itself as a rare profitable dot-com darling. In reality, the reported profits were an accounting illusion:
Premature Revenue Recognition: Management booked multi-year, complex software licensing and consulting contracts upfront rather than amortizing them as services were delivered.
The Forced Restatement: On March 20, 2000, after auditor PricewaterhouseCoopers flagged discrepancies, MicroStrategy announced it had to restate financial results for 1998 and 1999.
Profits Turned to Losses: The restatement erased all cumulative reported earnings since the company's June 1998 IPO. A reported 1999 net profit of $12.6 million turned into an actual net loss of $34 million to $40 million.
The 62% Single-Day Shock: The stock crashed 62% in a single trading session, plunging from $226.75 to $86.75 on March 20. It did not stop there, steadily bleeding down to under 50 cents over the next two years.
Who Bore the Real Human Cost?
The human impact of the 99.9% crash fell into three distinct groups:
1. Retail Investors on Margin
During late 1999 and early 2000, retail brokerage trading exploded via platforms like Datek and E*Trade. Individual investors poured retirement funds, college savings, and mortgaged home equity into $MSTR on aggressive margin:
When the stock fell 62% in hours, brokerages issued immediate, automated margin calls.
Investors who could not wire hundreds of thousands of dollars within 24 hours had their positions liquidated at the absolute bottom. Many ended up with zero balances and six-figure debt owed to brokerages.
The formal SEC public docket (File S7-13-00) and class-action depositions are filled with letters from retail investors describing total insolvency, lost retirement security, and emotional trauma caused by audited financial restatements.
2. Employees and Engineers (The "Paper Millionaire" Trap)
MicroStrategy compensated large portions of its workforce in Northern Virginia with stock options:
Employees who were paper multi-millionaires on March 10, 2000, found their options deeply underwater weeks later.
Alternative Minimum Tax (AMT) Ruin: Many employees who had exercised incentive stock options (ISOs) during the run-up faced phantom tax bills based on the stock's peak price. When the stock crashed to pennies, the IRS still demanded taxes on wealth that had already vanished, forcing ordinary software engineers and sales staff into personal bankruptcy.
The company conducted successive rounds of mass layoffs, cutting significant portions of its workforce as the software business contracted.
3. Institutional & Pension Fund Exposures
Mutual funds, tech sector index funds, and institutional managers held substantial blocks of MSTR at the peak. When the equity evaporated, the losses directly impacted the defined-contribution 401(k) balances of everyday working families nationwide.
This story tells you what kind of person Michael Saylor really is.
Matthew retweeted
Alo is completely and utterly incompetent, and no one should take him remotely seriously.
Matthew retweeted
Saturated fat was supposed to clog your arteries. A brand new randomized trial just put that to the test.
Researchers in Norway assigned 193 adults with obesity to one of three diets for up to 2 years. One was low-carb with about 30% of energy from saturated fat. That's 3 times the 10% cap in the Dietary Guidelines. The other two were higher-carb, guideline-style diets.
On the high saturated fat diet, triglycerides dropped 20 to 35% and HDL rose 5 to 18%. On the higher-carb diets those stayed fairly flat.
LDL went up 5 to 10%, mostly the large, buoyant particles. ApoB did not go up significantly. Small dense LDL did not go up significantly. And CT scans at 12 months showed no difference in coronary artery calcium between the diets.
The lead researcher said the study "challenges the contention that a higher intake of saturated fat has an inherent negative impact of overall disease risk."
The Study and my video below...
Matthew retweeted
This guy is totally based.
He doesn't put up with any woke nonsense, and every argument he makes is fully fact-based.
I am following him on Instagram.
He tears assholes!
Matthew retweeted
I cannot imagine the experience of being present in a theater or music hall in the 16th century and hearing music such as this. It must have been otherworldly.
Mari Samuelsen: Vivaldi - "Summer" from Four Seasons
Matthew retweeted
So much of the climate hysteria is just aimless guilt roaming the earth in search of futile acts of atonement.
Matthew retweeted
A German thinks private businesses should be seized by the state. We’ve seen this movie before.
SpaceX and Starlink must be nationalized. There is no way around it. Such critical infrastructure cannot be left in the hands of a private individual, let alone a morally depraved ketamine-addicted scumbag.
paulkrugman.substack.com/p/i…
Matthew retweeted
Uniformitarian theory is not a simply a proposition that the Earth has remained relatively stable throughout pre-history. It is also a belief that there exists only one possible history - a uniform context, inside of which all research must discipline its inferences.
It is an assumption, not a finding.
But the ancients did not view the history of Earth in this manner. They viewed the Holocene in particular as a repitition of cataclysm and succession rites in terms of dominion over the Earth.
They also held more salient and complete records than do we. Those records were destroyed progressively and intentionally. The stone rubble of these libraries cries out in futility to an anosognosiac modern audience.
Uniformitarian theory assumes that these pre-modern humans were stone age, dim-witted, cult followers & that the destroyed cultural traditions were of little, mythical, and inconsequential merit.
ECDO Theory dissents from this uniform a priori mandate. These ancients left their messages for us to find - however, it is WE who are the dim-witted, cult-following, plodding idiots.
Matthew retweeted
It's not labeling. BTC got captured and became the pure opposite of what Satoshi created. The reason you don't know this is because you either didn't actually pay attention, or you're incentivized to pretend it didn't happen.
It's not school yard bullshit, it's called principle.
Matthew retweeted
Portland has a toxic cocktail of intellectual bankruptcy, Marxist groupthink, spectacularly poor judgment, professional resentment, and an almost pathological intolerance for dissent.
It’s an echo chamber where smug self-righteousness masquerades as intelligence, ideological conformity substitutes for critical thinking, and anyone who dares challenge the prevailing orthodoxy becomes a target for public shaming, harassment, and sometimes disturbing rhetoric about violence.
It’s not a marketplace of ideas. It’s an ideological sewer where the loudest self-appointed moral authorities confuse censorship with virtue and mob intimidation with righteousness.
The irony is almost comical: a a city populated by people who lecture everyone else about tolerance, inclusion, and democracy, yet routinely demonstrate contempt for anyone who thinks differently.
When your worldview cannot survive disagreement, your problem isn’t the person challenging you. It’s the fragility of your own ideology.
Matthew retweeted
Right now the biggest threat is probably the Spamcoin psyop trying to replace Bitcoin with a CBDC
Matthew retweeted
Doctors or nurses who are quietly vaccinating people while under anesthesia are evil criminals. You cannot administer drugs to people who are unconscious and unable to consent.. Especially children. These people need to be removed from their positions with extreme prejudice.
Matthew retweeted
So in other words -- seize the means of production?
Those silly Bolsheviks are at it again....
Matthew retweeted
ECDO Theory is testing the boast of modern science:
revealing it (just as Covid did) to be principally a self-congratulatory club activity and not a line of inquiry and discovery.
ECDO is not pseudoscience. It is disciplined along well-established practices inside the scientific method - which I studied for 15 years before raising its first postulates:
ECDO Theory offers a unified explanation for a wide range of observations about Earth's history, ancient monuments, geography, and climate, supported by empirical models, observed patterns, and reported successful predictions.
Its scientific merit rests upon whether these findings can be independently verified and reproduced, not upon what conventional geophysics has yet to explain. Important uncertainties remain concerning the density of deep-Earth structures, the physical properties of Earth's core/constituents, and the forces that may act between the core and mantle. These uncertainties do not prove ECDO correct, but they do challenge theoretical objections that claim the mechanism is impossible - without first resolving those unknowns.
ECDO does not, by virtue of being unconventional or unproven, meet the definition of pseudoscience.
It advances testable propositions, offers empirical evidence for examination, and remains open to falsification. Its validity must ultimately be determined through evidence, independent testing, and sound epistemic analysis - not through appeals to scientific consensus, straw man pummeling, the jargon of fake skepticism, or the limitations of existing knowledge.
