Coupe de Shille

It’s hard to believe this right now but all this AI wealth creation is very bullish for BTC because whenever the asset liability mismatch breaks (they always do) and capital flees, the infinite duration asset that is Bitcoin will be waiting coiled in a generational indifference

🔴 MIDTERMS WON'T STOP HIM: Trump's Next Move After the Vote nitter.gq/i/broadcasts/2EmWaOmWl…

One of the things the data analysts on our side obsessed over was "composition"—whether the electorate looked close enough to 2024 for Republicans to win. And despite polls that showed a Democrat blowout, the data kept on telling us the same story: in some states turnout was merely OK, in other states it was downright amazing, and in no state was it catastrophic. There was a genuine sense of optimism on our team: our people were showing up. So, I asked the smartest data guy I know, does that mean we're going to shock the world? "No," he told me. "We might do better than the polls suggest. But the data is telling us that a lot of Trump/Vance 2024 voters are pissed and planning to vote for the other guys. Our voters are turning out, but they may not vote for us." Well, that looks prophetic now. Our voters did show up. In Florida, for example, the electorate was 9 points more Republican than Democrat, just a couple points worse than 2024. Undoubtedly there were places we could have done better on turnout. But the main problem is not turnout. The main problem is that many people who voted for Trump/Vance in 2024 voted for Democrats in 2026. There will be a lot of infighting and arguing over what happened and why that is. One of the pollsters I really respect told me that our economic messaging wasn’t sharp enough down the stretch. I’m sure that’s true. But the real reason we lost is obvious to almost everyone. Another pollster—one of the smartest people I know in politics, told me yesterday we’d lose the generic ballot by 13 points. I felt negative going into Tuesday, but even I was shocked by this. In his polling, he saw that a lot of Trump 2024 voters were angry and planning to vote for Democrats. He asked those voters who had abandoned us what would cause them to come back on our team. The top four answers, accounting for nearly all of the responses were: 1) End the war 2) Focus on cost of living/inflation 3) Put America First 4) Change our relationship to Israel Our voters showed up. And the above four reasons are why many of them voted for Democrats. This is according to a pollster who nailed the results. While many spent Monday attacking Rachel Campos Duffy for calling for a diplomatic resolution to the conflict, it turns out her political advice was sound. (She’s also a great person.) In the next few months, there's going to be a lot of gaslighting. Expect to hear any number of establishment politicians say the solution to our woes is amnesty. I'm open to the idea that we should change enforcement—by focusing more on businesses that hire illegal labor, for instance. But anyone pushing amnesty is lying to you. The reason we lost is the war. The president himself said so last night. If you'd like to argue it was worth it, that losing the Senate for the next 6 years was worth it, then do so. Argue it was a worthwhile cost to pay. Agree or disagree, that's at least honest. But everyone knows why we lost. And any honest conversation about where we go from here must start there. I remain hopeful about our country. To the people who are pissed off and want to say, “I told you so”: you’re right, you did tell us so. Take that energy into electing Republicans who share your worldview. To the people who are just pissed at the results, you should be. Let’s take that anger and get back to the work of saving our country.

Last night, my lawyers moved to sanction World Liberty Financial @worldlibertyfi for failing to disclose, until months into my litigation against the company, that it is a citizen of the UAE 🇦🇪 . #WLFI #USD1 For those who are new to this dispute, I was one of World Liberty’s earliest and largest investors.  In November 2024, I agreed to buy $30 million of $WLFI tokens under a Token Purchase Agreement with World Liberty, and I later increased my total investment to $45 million.  In April, I sued World Liberty, alleging that the company induced my investment through fraud and then unlawfully froze my tokens. My Token Purchase Agreement gives me the right to bring my claims in either California federal or state court.  I chose federal court. Federal courts can hear a case like mine only when the two sides come from different places.  Foreign plaintiffs like me can sue an American defendant in federal court, but foreign plaintiffs generally cannot sue a foreign defendant there.  For these purposes, a company like World Liberty takes on the citizenship of each of its owners, so a single foreign owner makes the company foreign.  In other words, so long as World Liberty and all of its owners were American, my case could be heard in federal court. The federal court’s rules required World Liberty to file a disclosure at the start of the case identifying every one of its owners and where each is a citizen.  World Liberty’s disclosure identified only one entity—World Liberty itself—and listed Florida as its sole citizenship.  Its lawyers certified that they were unaware of anyone else who needed to be disclosed. World Liberty then moved to compel arbitration, seeking to pull my case out of open court and into secret arbitration proceedings.  I opposed that motion, and my lawyers spent months and hundreds of thousands of dollars fighting it.  At a hearing in August, the Court signaled that it was not persuaded that my claims belonged in arbitration.  Instead, the Court ruled that certain of my claims should stay in open court, and certain claims should be sent to arbitration, and ordered the parties to meet and confer to come up with a proposed agreement on which claims stay in open court and which ones go to arbitration. Less than a week later, World Liberty suddenly “corrected” its disclosure.  Where it had previously listed only one member in its ownership chain, it now listed 22, and claimed citizenship in Florida, Delaware, Puerto Rico, and the UAE.  World Liberty now says that the federal court has no jurisdiction over my case, since its UAE citizenship means there are foreign parties on both sides of the case. The irony is hard to miss.  World Liberty’s gold paper declares that “[b]y design, World Liberty Financial is not organized offshore,” and that it is “an American, tax-paying, corporation that aims to bring DeFi to its rightful home—America.”  It promises a “US-based decentralized platform” built on “American ideals of liberty, privacy, and freedom to transact,” calls private, intermediary-free transactions “a core American value,” and boasts that “[r]ather than shying away from the United States, World Liberty Financial embraces the United States as the future CRYPTO CAPITAL OF THE PLANET.” World Liberty was proudly American 🇺🇸 when it was selling tokens.  It discovered its UAE 🇦🇪 roots only when it needed a way out of an American federal courtroom. World Liberty presumably always knew who its owners were.  Its lawyers claim that they learned about the company’s UAE citizenship only after they filed the original disclosure.  As my motion explains, if that is true, then either World Liberty’s lawyers failed to conduct appropriate diligence, or World Liberty did not give its lawyers a straight answer.  When we asked how this happened, World Liberty refused to tell us. Token holders deserve to know whether the projects they invest in are telling the truth, both to the public and to courts.  I am filing this motion to hold World Liberty and its lawyers accountable for what I believe was a misleading disclosure to the Court, and to make sure that the cost of World Liberty’s gamesmanship falls on them, not on me.  And after my sanctions motion is resolved in federal court, I will re-file my lawsuit against World Liberty in California state court. I will keep fighting for the transparency this community deserves.

I wonder why Haley Stevens endorsed Mike Rogers?

INTEL: Crypto hack tracker Chainalysis reportedly hacked, exposing customer names and emails