Lefty government trying to quickly dump $6.5 billion in $BTC to attack the right

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

State of crypto influencers

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

Timeline arguing over whether these $6 billion worth of $BTC have already been sold, or will be sold

+ Some saying that they haven’t been, because the coins haven’t moved

+ Others pointing out that in big sales like these, the sale is first done by old fashioned contracts, and then the delivery only happens much later — e.g. just like the FTX $SOL sale

+ Others saying that even if the sale hasn’t happened, it’s already priced in

+ Others pointing out that if the sale hasn’t already happened, then any sale may not be able to happen quickly enough before the incoming administration somehow gets it cancelled = Upward boom when the priced-in sale doesn’t materialize

Looking into it

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

No cellular service in the fire-affected areas

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

Sell-on-Binance often does seem to be a good rule

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

Unexpectedly terrible things happen, when people treat high-yield investments or insurance — as if it’s a savings account,

= suddenly at the worst possible times, people are incentivized to DESTROY the investment or insurance vehicle,

because they falsely believe that the investment or insurance is destroyed, then they can magically just get back what they previously put in, which they assess to be more than the vehicle would otherwise pay out

— Which ofc does not work out at all, when e.g. the insurance money they paid in during previous years may already be long-gone, paid out to other claimants in past years, or the investment money was already spent on executing the investment plan

— What makes this particularly bad, is, in many cases the disaster could’ve been avoided entirely, if the consumers hadn’t falsely believed that they would be better off financially if the thing was destroyed, e.g. relatively simple mitigations or help earlier on, or at least not trying to actively destroy the thing, often may have easily prevented the financial disaster in the first place

Those insured demanding that they DO get a payout whether or not an insured disaster happens, unless previously mutually agreed, which it wouldn’t be as it’s economically nonsensical

— is a scam —

In the same way that an insurer demanding that they DON’T pay out, no matter if the insured disaster happens or not

Likewise with an investor demanding upside with zero downside risk, or an investee accepting funds but refusing to pay out gains in literally all scenarios

Etc.

Now, this is NOT to say that the insurance/investment companies themselves can’t be bad, they certainly can be and often are

— What this IS to say is that neither side has a total monopoly on destructive scam potential, if left totally unchecked

(You might bring up reinsurers that are ultimately backed by the government… But that only really achieves zero-cost extra safety, without ultimately inflating the dollar, for cases where random chance would make a smaller pool more likely to get wrecked. Not what we’re talking about here.)

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

🚨 COUNTLESS reports of mass fire coverage cancellations by insurance companies just WEEKS before the Los Angeles fires

Many stayed behind during the evacuation, to try to protect their homes, because they’d just lost all fire insurance

Who is ultimately to blame?

Government, as always, despite what the lefty woke Hollywood movies will constantly try to convince you

Also not to say that the Luigi effect doesn’t force the governments to act, as it empirically and undeniably has in other cases

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

The Los Angeles Fire Department is using women’s handbags to gather water in their fight against the blaze

All the money went to DEI and woke causes. Residents of California are paying the price for Gavin Newsom's policies.

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

How it went down:

+ Lefties repeatedly elect lefty government

+ Lefty government creates a highly-predictable disaster, by refusing to do proper forestry management for many years in the name of preventing climate change, defunding fire departments in the name of DEI, refusing to upgrade infrastructure because the more cities collapse the more lefties vote left

+ Insurance companies raise rates in the face of this impending disaster

+ Government makes raising rates, to compensate for the disaster they are creating, illegal

+ Insurers, correctly predicting this highly-predictable massive disaster and not legally being able to raise the rates to balance it out, leave, people lose insurance

+ People refuse to leave their houses, trying to protect them from fire, because they just lost their insurance

100% predictable at every step of the way

Lefties and their government at the root of everything

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

Weather channel unknowingly shows DECEASED REMAINS live on air when showing the devastation from the California Palisades fires

Direct result of people refusing to leave their houses to protect their homes from fire, because they just lost their insurance,

because of the lefty government’s 100% predictable man-made disaster

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

LA

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶

Perverse incentives,

Cobra effect,

When people wrongly believe they’re incentivizing some desirable thing,

— When really, objectively, they’re incentivizing the destruction of everyone, including themselves

E.g. those encouraging everyone to treat insurance or investments like savings accounts

“Don’t worry bro, we can just collapse them, and then they’ll be forced to repay everything we paid in, just like a savings account”

Self-destructive behavior, trying to pretend that “intent” overrules objective incentives

Perverse incentives

Cobra effect

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶