FREEZE SATOSHI COINS

“Leo Ashbrenner. Like, I he might be from a different planet. I mean, I figured out why he's so good at trading stocks. It's not that he's a time traveling Hapsburgian vampire from the sixteen hundreds, so I did think it was that. His fiancee is the chief of staff at Anthropic. She is the best models, first of all, so that's very unfair. Second of all, he knows who Anthropic is buying compute from. So why is his trades are incredible. He took this fund from 500,000,000 to over 5,000,000,000 in a a year and a half.”

“The SEC came out with new guidance this week, specifying that DeFi front end such as Uniswap that expose users to tokenized securities, they don't necessarily need to register as broker dealers as long as they don't monetize the order flow or offer investment advice or take custody of user funds. Yeah. This is the most actually, I think it's the most sensible SEC policy I've ever seen. And we achieved it without clarity. So good things are possible without legislation.”

“So the ETFs, they probably won't give you they won't sell off either coins and give it to clients. They'll just, that'll be their own balance sheet, the sold off losing fork. Because I think if I'm in big asset manager, I'm just rejecting a fork out of hand that doesn't freeze the coins because it's too risky. So I think they'll actually just act like it doesn't exist.”

“The government the government saves us. I know it's not a very Bitcoin. So only the US government can save Bitcoin. They have to appoint a court appointed, solver, someone who does the salvage, and, kinda like salvaging a shipwreck. And so this firm would get exclusive rights to salvage Bitcoins or consortium of firms. They would get a finder's fee but not ownership. The coins themselves would go into a trust that is claimable by Satoshi or others if they prove belatedly that they mined the coins.”

“There's still a lawsuit where a bunch of us invested in Curve. We gave Michael and Curve a bunch of money. At the time, Michael didn't really need the money. So I sent him $80,000 in USDT. Then two months later, DeFi summer starts, and he's like, yeah. I don't need your money anymore. The investors who are involved sue him in Switzerland. They sue him in America. They sue him in every jurisdiction they can find. And they keep losing because I have to imagine the judge was like, you sent someone some magic beans five years ago and never got them back. What did you expect?”

“Have you been following the scroll etherfi thing? EtherFi is leaving scroll, and then it appears that scroll has, like, cranked up the fees on the chain to, like, make it really expensive. For EtherFi things, the fees, like, originally were $2.50 a day, and then it cranked up to 16 k a day. However, there's other activity. These are, like, network fees. So there's other activity on the network that also now have to pay higher fees. You think you're going to, like, an immutable ledger, and these z k moon math guys are gonna, like, be your good friends. And then they're like, actually, we own the platform, and you can't leave.”

“If Satoshi has just quietly been sitting there not saying shit for fifteen years, and all of a sudden, it's like, well, actually, I want the optionality of selling my coins. I don't wanna get locked forever. And this is the problem. If they do, in eight years' time, of this process, there will be a day where the coins will be locked forever. And at that point, if Bitcoin's a million dollars or something, it becomes, like, hundreds of billions of dollars of Bitcoin that's now just off the market. You have to imagine on that day, there's gonna be a God candle the likes of which we have not seen before.”

“As a token holder, you have no legal rights usually. The interesting thing about tokens is most of the time, the most rights you ever have is when you have the piece of paper that says that you will get tokens in the future. When you invest in any token, if you are clear eyed about it, you know that there's no rights, so they can do anything to you. At any moment, at any time, anyone who is a token issuer can completely fuck you over and just go, ah, like, we just changed the tokens, bro.”

“I thought you were gonna go down a different rabbit hole, the tail emission rabbit hole where you don't change. You know, freeze the coins. They're out of circulation, but just put them back into, the you know, they can be mined over the next, hundred years. I mean, it actually should be that. If I could actually pick one, it's we fixed the the long term revenue problem.”

“And then Jameson, I wake up and I look at my feet and Jameson's like, so I have a bit to propose that we freeze the coins. And I'm just like, I'm so excited for this timeline. Because it is the antithesis of Bitcoin, not even, like, just the hard line Bitcoiners. Like, if you're in Bitcoin, you are against freezing. The word freezing, blocking is like blasting. And it's not, again, it's not just a hard line Bitcoiners. Like, this is a this is a core tenant of Bitcoin.”

“So Phil Daian is like, there was a guy that wrote the code. There was a guy that wrote the white paper and had control of some of the accounts. And then there was, like, the genius philosopher person that pulled this all together. Hal Finney is that guy. Hal Finney was the, like, genius, visionary person that connected all the dots. Adam Back is the guy who was talking and writing things in the public face of the thing. Then he somehow goes on, like, an autistic dumpster dive with all of this material and finds an email in the Epstein files. The guy's name is Dave Kleinman. And Phil is like, this is it. That's the third guy.”

“I really like this Hyper Liquid piece by Colossus this week. But this piece was written by Dom Cook, and it's a full profile of Jeffrey Yan, the founder of Hyper Liquid. What an incredible story this guy had. I mean, it seems like he was grinding like no other. At one point, the piece, they say he worked fourteen hours a day when he was building it, clocking a hundred hours a week. His fiance was living with him in Puerto Rico, but for the first year, she was only allotted thirty minutes of his attention the trading algorithms.”

“Here's what I think we need. We need a chancery court of blockchains. So why is Delaware the go to state or at least used to be for business disputes? Because they have specialized courts that are fast for corporate disputes. What about a court that is digital that's on chain? So this would be something that Circle would voluntarily submit to. This court agrees to monitor the blockchain twenty four seven. It's not a real court with it doesn't have jurisdiction anywhere. And it makes pretty snap decisions.”

“Calswap's DNS gets hijacked, which is a thing that happens to, like, a bunch of people all the time. It happened to my family office. They were able to, like, get into my domain hosting place for my family office URL and social engineer. I went and social engineered another one of the agents and was like, hey. I had this problem. You seem like a really nice guy. Like, we went through a whole thing, and the guy was like, oh, yeah. We can totally do that. I just admitted that they I was like, well, okay. That's good. At least I have some closure here.”

“From, like, the 2018 bear market, post four or post all of this stuff, Bitcoin just ossified so hard. I'd love to see a graph of, like, how many bips. Like, the BIP rate slowed down a lot. There were, like, a lot less bips. And then you had a lot of people come in that turn Bitcoin it was already somewhat there was a religiosity at that point. But they turned it into, like, hardcore religion of, like, no changes, no anything.”

“There's a kind of a scandal developing in Miami. So it's like a multibillion dollar project. It was meant to be done years ago. Now it's been extended to 2029. Huge boondoggle. Colossal boondoggle. And the the, bridges are cracking. The concrete isn't good. And at the same time, they built an entire stadium for the World Cup in under a year. So here's the puzzle, Matt. If they can build a whole stadium in one year, why is it taking them ten years to build the bridge?”

“The purists if you were a purist, you should be disillusioned by now because Bitcoin does have these big corporate influences and MicroStrategy is getting on their way to a million coins and the government has a Bitcoin reserve and these people kinda cheered for that. So I don't I think Bitcoin has selected for people that are actually not purists anymore. And so I think even the hardcore ideologues, you know, they're gonna be sitting at the kitchen table and their wife's gonna be like, so our retirement's in Bitcoin. Right?”

“There is a Hollywood movie coming out. I mean, this is the most baffling thing I've ever seen because this is there are serious a listers in this movie, but it appears to be in support of Craig Wright's ambitions. Bitcoin, it's just called Bitcoin, is the true story of one man's quest to prove that he is in fact the the creator of Bitcoin, a claim that puts his life in peril and sets off a global firestorm. So this is in the tank for Craig Wright. Craig Wright is the one man on Earth who has been officially designated as not Satoshi by a court of law.”