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Some of us have been saying...
You mathmatically can't compound your way to wealth anymore... 20 years, 7% returns, 3% inflation, 40% taxes -- best case you 1.5x your investment. That is why the kids YOLO it... plain and simple.
We designed Basic Capital for how people build wealth *today* which is increasingly through the ownership of productive assets. You can't close the wealth gap just by extending amortization, you do it by giving everyone a real stake in the growth and dynamism of our economy.
Buying a house is not part of my American dream. Buying a house to me means poor financial returns, maintenance headaches & hassle. We must shift the narrative. The American dream should mean owning the S&P & crypto, not a home. S/out @getbasiccapital & @Abude_al_asaad
IN NEWS: Basic Capital raises $25M Series A (led by @ForerunnerVC & @Lux_Capital). Co-Founder & CEO @Abude_al_asaad frames their product as long-duration, mortgage-style financing for retirement investing. “Credit is a tool… it can be used in a good way or in a bad way.” The…
As of today, @TaxBit and @Mural_Pay are partnering to unlock stablecoin payments for enterprises. This is an important move because… 🧵
🚨CHAMATH: "SpaceX uses Stablecoins. They collect payments from Starlink customers and when they aggregate them in long-tail countries, they don't want to take the FX risk or deal with sending wires, so they'll swap into stablecoins, send it to the US, and then swap back to USD."
Season 2 of stableminded is coming: “A Worldview of Stablecoins” 🎙️ Supported by the team at @mural_pay (s/o @sinclair_toffa and @wimurph) This season, we’re spotlighting top founders behind global payment apps powered by stablecoins. We'll dive into how stablecoins are…
Dancin' Dons!! Back to the dance for the first time since 1998! @USFDonsMBB | #WCChoops
Taylor Hall wins it for the Bruins in overtime. What a goal.
Proud to announce my commitment to play baseball at Elon University! #gophoenix
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