The future won’t wait for you.

@TFTC21

"Bitcoin and the stock market are on a collision course. In 10-15 years, they'll cross, and everyone will have to choose between chasing fiat or going back to the castle." @1basemoney breaks down Bitcoin's power trend vs exponential growth.

@TFTC21

The CLARITY Act quietly included federal protection for self-custody, your bitcoin can't be deemed "abandoned" just because it's sitting on-chain.

@TFTC21

"If Bitcoin breaks the power law, it's not breaking down, it's breaking up." 10 years of data proving the model works, @1basemoney breaks it all down.

@TFTC21

Qualcomm's AI robot collapsed mid-presentation at their demo event.

@TFTC21

TFTC 774 w/ @1basemoney: "Bitcoin's fair value is $142k right now and we're trading at less than half of that. The power law isn't broken, it's about to break upward." We discuss: ⚡ Bitcoin's power law ⚡ Why the model still works ⚡ The price calls that failed

@TFTC21

Investors now owe $1.06 TRILLION more than they hold in cash. The net investor credit balance just hit a record -$1.06 trillion in June. This is the gap between what investors have in their brokerage accounts as cash and what they've borrowed on margin. To put that in perspective: during the 2008 financial crisis, this number was POSITIVE. Investors held more cash than debt. They had a cushion. Today, that cushion is gone. Margin debt: $1.53 trillion (all-time record) Margin debt / GDP: 4.7% (all-time record, vs 2.8% at the dot-com peak and 2.6% before 2008) YoY margin debt growth: +49% US savings rate: 3% (near record lows) The net credit balance has quadrupled since the 2022 bear market low. The ratio of margin debt to free cash in brokerage accounts is approaching 7x, higher than before the GFC or the pandemic crash. And here's the kicker: FINRA just changed its rules effective June 4, 2026. Margin calls are now triggered on INTRADAY values, not end-of-day. If your portfolio drops midday, the call comes immediately. No waiting for the closing bell to hope for a bounce. This creates a reflexive trap. A 5-10% drawdown triggers margin calls. Forced selling drives prices lower. Lower prices trigger more margin calls. Rinse, repeat. Every prior spike in margin debt to these levels relative to GDP has preceded a major market drawdown. 1929. 2000. 2007. 2021. This doesn't tell you WHEN, but it tells you the market has never been this leveraged with this little cash cushion behind it. The fire isn't lit yet. But there has never been more kindling.

@TFTC21

The Fed has quietly added ~$290 billion in Treasury bills to its balance sheet since December. That's the fastest T-bill accumulation since the COVID panic buying of 2020.

@TFTC21

Frieberg's Netscape/Apache analogy, if the internet had been locked behind proprietary gates, it never would have taken off. Open-source AI means value diffuses to a million businesses instead of two or three companies.

@TFTC21

Anthropic pirated 7 million books from LibGen to train Claude and maintains the right to train on all the world's output under fair use. But when Chinese companies look at their model's outputs, suddenly it's IP theft. Sacks: "They themselves never claimed it was IP theft because they know it would poison all of their fair use lawsuits."

@TFTC21

"If you really care about distillation, you implement KYC." Chamath on Anthropic pushing the government to restrict open-source competitors.

@TFTC21

India ordered GitHub to remove BitChat repositories within three hours. The government's argument: the app's offline, decentralized Bluetooth messaging lets protesters communicate during internet shutdowns, making "lawful interception" difficult. BitChat downloads in India jumped 32x on July 19 after authorities began restricting internet access around the student-led protests in New Delhi. India now accounts for 85% of global downloads, with over 91,000 installs in five days and 330,000 daily active users. The Indian government isn't targeting specific illegal content. They're targeting the architecture itself, the fact that BitChat works without central servers and can't be shut off by flipping a switch. As the Internet Freedom Foundation pointed out, "deleting a repository does not delete the application from any phone that carries it, and the mesh keeps functioning without servers. What the takedown actually prevents is scrutiny of the underlying code." This is the Samourai Wallet playbook applied to communication. Prosecute the tool because you can't control the protocol. Open source, peer-to-peer, no servers. That's why they're scared of it.

@TFTC21

We've given so many away. Don't give up freaks, you could be next. x.com/TFTC21/status/…

@TFTC21

"Bitcoin and the stock market are on a collision course. In 10-15 years, they'll cross, and everyone will have to choose between chasing fiat or going back to the castle." @1basemoney breaks down Bitcoin's power trend vs exponential growth.

@TFTC21

The CLARITY Act quietly included federal protection for self-custody, your bitcoin can't be deemed "abandoned" just because it's sitting on-chain.

@TFTC21

"If Bitcoin breaks the power law, it's not breaking down, it's breaking up." 10 years of data proving the model works, @1basemoney breaks it all down.

@TFTC21

Qualcomm's AI robot collapsed mid-presentation at their demo event.

@TFTC21

TFTC 774 w/ @1basemoney: "Bitcoin's fair value is $142k right now and we're trading at less than half of that. The power law isn't broken, it's about to break upward." We discuss: ⚡ Bitcoin's power law ⚡ Why the model still works ⚡ The price calls that failed

@TFTC21

Investors now owe $1.06 TRILLION more than they hold in cash. The net investor credit balance just hit a record -$1.06 trillion in June. This is the gap between what investors have in their brokerage accounts as cash and what they've borrowed on margin. To put that in perspective: during the 2008 financial crisis, this number was POSITIVE. Investors held more cash than debt. They had a cushion. Today, that cushion is gone. Margin debt: $1.53 trillion (all-time record) Margin debt / GDP: 4.7% (all-time record, vs 2.8% at the dot-com peak and 2.6% before 2008) YoY margin debt growth: +49% US savings rate: 3% (near record lows) The net credit balance has quadrupled since the 2022 bear market low. The ratio of margin debt to free cash in brokerage accounts is approaching 7x, higher than before the GFC or the pandemic crash. And here's the kicker: FINRA just changed its rules effective June 4, 2026. Margin calls are now triggered on INTRADAY values, not end-of-day. If your portfolio drops midday, the call comes immediately. No waiting for the closing bell to hope for a bounce. This creates a reflexive trap. A 5-10% drawdown triggers margin calls. Forced selling drives prices lower. Lower prices trigger more margin calls. Rinse, repeat. Every prior spike in margin debt to these levels relative to GDP has preceded a major market drawdown. 1929. 2000. 2007. 2021. This doesn't tell you WHEN, but it tells you the market has never been this leveraged with this little cash cushion behind it. The fire isn't lit yet. But there has never been more kindling.

@TFTC21

The Fed has quietly added ~$290 billion in Treasury bills to its balance sheet since December. That's the fastest T-bill accumulation since the COVID panic buying of 2020.

@TFTC21

Frieberg's Netscape/Apache analogy, if the internet had been locked behind proprietary gates, it never would have taken off. Open-source AI means value diffuses to a million businesses instead of two or three companies.

@TFTC21

Anthropic pirated 7 million books from LibGen to train Claude and maintains the right to train on all the world's output under fair use. But when Chinese companies look at their model's outputs, suddenly it's IP theft. Sacks: "They themselves never claimed it was IP theft because they know it would poison all of their fair use lawsuits."

@TFTC21

"If you really care about distillation, you implement KYC." Chamath on Anthropic pushing the government to restrict open-source competitors.

@TFTC21

India ordered GitHub to remove BitChat repositories within three hours. The government's argument: the app's offline, decentralized Bluetooth messaging lets protesters communicate during internet shutdowns, making "lawful interception" difficult. BitChat downloads in India jumped 32x on July 19 after authorities began restricting internet access around the student-led protests in New Delhi. India now accounts for 85% of global downloads, with over 91,000 installs in five days and 330,000 daily active users. The Indian government isn't targeting specific illegal content. They're targeting the architecture itself, the fact that BitChat works without central servers and can't be shut off by flipping a switch. As the Internet Freedom Foundation pointed out, "deleting a repository does not delete the application from any phone that carries it, and the mesh keeps functioning without servers. What the takedown actually prevents is scrutiny of the underlying code." This is the Samourai Wallet playbook applied to communication. Prosecute the tool because you can't control the protocol. Open source, peer-to-peer, no servers. That's why they're scared of it.

@TFTC21

We've given so many away. Don't give up freaks, you could be next. x.com/TFTC21/status/…