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SteveMLC Profile
SteveMLC

@steve_mlc

329
Followers
670
Following
75
Media
1,227
Statuses

Crypto CIO & Co-Founder @MoonlightCapit1 Ex-TradeFi, Armchair Economist

Joined April 2009
Don't wanna be here? Send us removal request.
@steve_mlc
SteveMLC
10 months
@0xgaut Can you blame the guy? Never catches a break, calls for peace and is told he's pro-Russian. Wants to save the world, get humans in space, and cement free speech.... Yet he's still pulled apart and his motives questioned, pretty hilarious. Legend imo
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@steve_mlc
SteveMLC
1 year
@Rainmaker1973 It only works if one number is a factor of 9
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@steve_mlc
SteveMLC
1 year
@patrickhergins @StephenKing Can we please stop comparing the fitness of geriatric 80 year old plus candidates. Thanks.
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@steve_mlc
SteveMLC
1 year
@VivekGRamaswamy This feels criminal. No matter your political affiliation...
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@steve_mlc
SteveMLC
2 years
@SBakerMD No disrespect, but there are no ubiquitous sources of meat either. Not all climates support large game, eggs, fish, etc. Humans are clearly engineered to handle a diverse set of dietary options.
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@steve_mlc
SteveMLC
10 months
@JoeBiden Thank you for this Joe, I really worry every night about Hamas invading our border and taking over our humble democracy. What would we do without you...
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@steve_mlc
SteveMLC
1 year
@KobeissiLetter $22 billion PER day is the equivalent of $66 per person PER DAY!! That's almost $2000 per person per month. $24,000 per person per year. These numbers are no joke.
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@steve_mlc
SteveMLC
1 year
@VivekGRamaswamy US infrastructure is aged. It needs repairs and maintenance. Texas and CA have brownouts. We plan on having higher demand from EVs. This is a $billion US problem, not a Ukraine problem. And you know what stops further damage to Ukraine's grid? Peace.
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@steve_mlc
SteveMLC
1 year
@LynAldenContact EV good, or EV bad? Even if material usage and density are your smoking gun, there are far too many other benefits to ignore. Electric engines have no motors so moving parts to replace and repair constantly. EVs can be programmed to do things, a gas car really can't. Maybe in a
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@steve_mlc
SteveMLC
1 year
@Rainmaker1973 Twitter community notes told me 😀
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@steve_mlc
SteveMLC
1 year
@adamscochran Pure speculation all the way around. 100% opinion. There are also good reasons to distance Binance US. Allowing the US authority to look at your core business creates undue risk and significant overreach. No foreign company wants that. It's such a small part of their book.
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@steve_mlc
SteveMLC
1 year
@MarioNawfal @elonmusk Have to hand it to Elon. He chose the hard path and continues trying to do the right thing. Free speech is wonderful, and we shouldn't take it for granted. Particularly when the person is saying or doing something you may not agree with!
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@steve_mlc
SteveMLC
2 years
@Justin_Bons The easiest way to disprove your thesis is to consider what makes existing money a poor SOV. It always comes down to politics. Bitcoin is the only SOV that lacks a known founder or team, it is agnostic. You will never have that opportunity again.
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@steve_mlc
SteveMLC
1 year
@POTUS There is no "law of war"
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@steve_mlc
SteveMLC
1 year
@Justin_Bons This is a trap. Everything you say about crypto is a trap. L2s are literally built on top of the Layer 1! It's a trade off of some sort for a stated benefit. That's it.... no chain can do all things perfectly. Optimization creates downsides.
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@steve_mlc
SteveMLC
1 year
@LynAldenContact Sure! It's most likely best, anyway. Subsidies, as you know, can create perverse side effects. Farmers were given subsidies for corn, so we ruined farmland and pushed ethanol as a viable fuel source, even introducing it as feed for other animals.
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@steve_mlc
SteveMLC
1 year
@pdx_erik @LynAldenContact Lynn said EV markets are polarizing! Data shows that TESLA batteries suffer about 6% degradation at 100k miles, 10% after 250k. An EV isn't the right fit for all, but battery lifespan is pretty stellar.
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@steve_mlc
SteveMLC
11 months
@PeterLBrandt If it was 36 mos it would be put the new highs in around May 2024. So realistically calling highs between May - Oct 2024.
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@steve_mlc
SteveMLC
1 year
@cz_binance I'm definitely curious. Probably everyone on Twitter is.
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@steve_mlc
SteveMLC
1 year
@POTUS Stay awake
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@steve_mlc
SteveMLC
1 year
@bantg In finance they call it "self-reporting". Tell them what you did before they catch you, and in return they let you off easy. Instead they usually issue massive fines. We saw it over and over again. Compliance often leads to worse outcomes, despite what regulators tell you.
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@steve_mlc
SteveMLC
1 year
@ErikVoorhees The ones that are here illegally create a big problem. They aren't able to "participate" in society in a way that makes them productive. They can't get jobs, open bank accounts, rent property, or own homes. At least not legally. Men shouldn't be scared of immigrants. They are
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@steve_mlc
SteveMLC
1 year
@saorikiyomi @friendtech Huge win for the crypto/OF combo girl!
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@steve_mlc
SteveMLC
1 year
@SmallCapScience @starsarenacom It isn't your fault. Kaleo had a similar response. It is a shame as I lost about 15% of what you lost. We all know there is some risk involved. Serious potential for SA. AVAX had serious excitement for the first time in a while.
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@steve_mlc
SteveMLC
1 year
@lopp Nice try North Korea
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@steve_mlc
SteveMLC
1 year
@adamscochran Doesn't matter what you expect. What matters is what regulators can tie to the US branch of the entity and whether it was truely segregated. Provided that Binance can maintain its distance from the US entity, it can prevent overreach by US letter agencies, who would love access
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@steve_mlc
SteveMLC
2 years
@Justin_Bons Not entirely true, they are volunteers paid through donation. They are not paid through the protocol. Consensus is required for change, just as consensus is required for validation. You simply can't recreate bitcoin the same way again, it's origin story is unique.
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@steve_mlc
SteveMLC
1 year
@bytemaster7 Interesting. Tezos settled a class action lawsuit but was setup with a foundation as well. I don't believe the SEC ever went after them for it though?
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@steve_mlc
SteveMLC
10 months
@DavidLRipley @krakenfx This is the right stance. Unfortunately, the SEC faces no recourse for bad policy and bad regulation. Vague positioning has allowed it to overstep and do more harm than good for the industry. Standing up against them is the only way to set the industry on the right path!
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@steve_mlc
SteveMLC
1 year
@lopp Oh and adding an HOUR minimum to boarding your flight. Thanks.
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@steve_mlc
SteveMLC
11 months
@AIPAC Gross
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@steve_mlc
SteveMLC
11 months
@Austen It's a horrible precedent. We definitely don't need to slow down innovation and I seriously question any government regulation on new technologies
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@steve_mlc
SteveMLC
10 months
@KanekoaTheGreat Solid call out. The hypocresy is rich and undoubtedly will lead to their undoing. "Do as I say, not as I do." Just doesn't work for a media company.
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@steve_mlc
SteveMLC
1 year
@JoeBiden Could you maybe stop using the term MAGA Republicans?
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@steve_mlc
SteveMLC
10 months
@CryptoDonAlt It's a serious problem here, not just annoying. Imagine the type of policy and decision making that goes along with that type of thinking? Group think does not lead to productive conversation or governance for that matter.
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@steve_mlc
SteveMLC
11 months
If I ever sell your key it’s probably not my fault. Cat crawling over keyboard and clicking confirm and all that or fingers slipped a couple times.
@HerroCrypto
Herro
11 months
If I ever sell your key it’s probably not my fault. Cat crawling over keyboard and clicking confirm and all that or fingers slipped a couple times.
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@steve_mlc
SteveMLC
10 months
@VentureCoinist Lots of hate on this which is interesting... BTC ETF also means relentless shilling by top name issuers of their BTC ETF to high networth and institutional clients. Someone has to sell their product and bump AUM. That's a new narrative shift for us crypto OGs
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@steve_mlc
SteveMLC
1 year
This is gonna be great, 2 solid keys right now adding some alpha to the space! Nice work, looking forward to this.
@The_Bogfather
Bogfather
1 year
I’m starting a weekly space called “Friend Zone” with my co-host @bittybags . We’re going for something more fun and light hearted, while being conscious of your time and providing alpha as well. It will be every Friday at 1 PM Eastern and our first guest this week is @LordDurden
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@steve_mlc
SteveMLC
1 year
@The_Bogfather @youfadedwealth What have we done!!!! 🚀
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@steve_mlc
SteveMLC
2 years
@REGENETARIANISM @SBakerMD It's not an anti-carnivore stance. Different sources of animal protein were available in different geographies, such as the Inuit compared to the Hadza. Most importantly the commonality was that humans were/are opportunistic. Survival was the priority.
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@steve_mlc
SteveMLC
1 year
@VivekGRamaswamy Is this is a real stat, is it really 304,162 illegals in a month? That's the same as the population of Orlando FL.... Home of Disney World and Universal Studios.
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@steve_mlc
SteveMLC
11 months
@ZeroHedge_ I don't usually share this but I had retinal detachments in both eyes, about 10 years apart. Scary. They will do laser and probably put gas in your eye. Recovery is several weeks. Happy to answer questions. Stay positive and focus on recovery post op! 🙏
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@steve_mlc
SteveMLC
1 year
FT daily active users seeing steady growth over the weekend. Revenues remain particularly strong.
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@steve_mlc
SteveMLC
1 year
@Rainmaker1973 Sir, I do say a handwritten note would accomplish this very well
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@steve_mlc
SteveMLC
1 year
@loomdart Self-Faded. Legend lol
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@steve_mlc
SteveMLC
1 year
@jonwu_ Surprisingly good take. I have been feeling the exact same way today. Far too many bitcoiners cheering the SEC on today. It's a form of self-mutilatiom. Hopefully we can get our branding back on track.
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@steve_mlc
SteveMLC
1 year
@Rainmaker1973 This is also the origin of 70's Funk, Groove and Disco.
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@steve_mlc
SteveMLC
11 months
@profit8lue Engagement farming with horrible calls, classy
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@steve_mlc
SteveMLC
1 year
@RaoulGMI @mishadavinci I respect your opinion on this. I was in the Grand Cayman recently and just thinking about how much healthier the vibe is. Less stress. Here in the states it just hits different. We are all on edge, all racing against the proverbial clock.
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@steve_mlc
SteveMLC
1 year
@AWice Your biggest mistake might still be not participating. TVL is effectively $21m at this stage, not far from your $10m marker. If you felt like you missed out at 10 I can't understand why 20 is any different. The airdrop is probably a huge unknown to be fair. There isn't enough
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@steve_mlc
SteveMLC
1 year
@PrimordialAA You can make the argument that AI can't integrate with payments properly without crypto. Encrypted wallets and no need to pass identifying information are just a few benefits. Programmability and smart contracts are the final layer.
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@steve_mlc
SteveMLC
1 year
@patrickhergins @StephenKing He really is trying to scare us constantly.
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@steve_mlc
SteveMLC
11 months
This is impressive! Nice job Brian. If you care about the future of crypto in the US, it's worth your time to create a comment and submit it. At the very least it will buy the industry time for proper rules and regulation. Read my letter below, for an AI generated comment
@tubergen
Brian Tubergen
11 months
ACTION REQUESTED: New IRS proposals will effectively kill crypto in the US The good news? You can help stop it It takes less than 5 minutes - leave a comment using the tool here: Explanation below 👇
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@steve_mlc
SteveMLC
1 year
@woonomic @100trillionUSD A momentum trader would buy yellow...
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@steve_mlc
SteveMLC
1 year
@grossberg4ky Man you are petty.
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@steve_mlc
SteveMLC
1 year
@0xBreadguy It depends but if we are judging value: Random User 1 has a larger pull. Their holders have larger key prices which should theoretical equate to a larger holder count. Those holders are also "likely" to be more wealthy due to their sizing. Random User 2 might have a stronger
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@steve_mlc
SteveMLC
1 year
@starsarenacom @0xPaladinSec Good to see, step in the right direction.
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@steve_mlc
SteveMLC
11 months
@0x5f_eth @friendtech There are so many calling it quits. But I am in my room adding value everyday. If you want good keys, add me to your list.
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@steve_mlc
SteveMLC
1 year
@CaleCrypto I feel seen.
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@steve_mlc
SteveMLC
11 months
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@steve_mlc
SteveMLC
1 year
@b05crypto @twobitidiot Sadly this entire response is based on feeling and theology. This religious dogma is exactly what Selkis is referring to. It's toxic 2 party non sense at the expense of important topics, like the future of crypto.
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@steve_mlc
SteveMLC
1 year
@The_Bogfather Your key is going vertical. 2 ETH programmed.
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@steve_mlc
SteveMLC
10 months
@_d3f4ult In $froge with you! I saw it when you mentioned it, did the same analysis (missed the mural in the OpenAI office), and put a small amount in. When it 10x'd I sold, what a mistake that was. Bought back later but still regret it. Sometimes you stumble on gold, just let it run!
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@steve_mlc
SteveMLC
1 year
This team is a standout in the FT space. Community needs fair launches and I know it benefits everyone. Open sourcing the code is amazing!
@ManifoldTrading
Manifold
1 year
So what is the fairest way to launch a big FriendTech account? With the current setup of FriendTech, fair launches have not been possible. Sniping & non-transferability of keys makes it difficult to onboard big users. Snipe-prevention/self-snipe was only the first step. We
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@steve_mlc
SteveMLC
11 months
I don't know who needs to hear this. The market tells you what direction it wants to go and you just buckle up for the ride. ETH will eventually follow BTC, it's just how things work. For now King Orange is running the show but eventually....
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@steve_mlc
SteveMLC
1 year
@filbfilb Interesting times ahead. Q4 has barely started...
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@steve_mlc
SteveMLC
1 year
Users are still coming: -248,000 users -Steady stream of returning users -Steady stream of new users Success doesn't happen overnight. The FT story seems to just be getting started.
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@steve_mlc
SteveMLC
1 year
@lBattleRhino It's impressive man. Far less followers but positioned yourself as a top tier asset. Are you consistently active for key holders?
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@steve_mlc
SteveMLC
1 year
@CaleCrypto This feels very FT inspired. Like having to pay for access to your friends with crypto. It is rather unfair to the elderly though. Some level of consideration is needed for us to properly care for our senior population. Future proofing for aging.
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@steve_mlc
SteveMLC
1 year
5 Days 4.73 ETH key price 58.778 in Fees $96,000.
@Cbb0fe
CBB0FE
1 year
After 5 days on @friendtech 🫡 We won't stop cooking 🧑‍🍳 Stronger together 🙌
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@steve_mlc
SteveMLC
10 months
@brian_armstrong AI should be decentralized as much as possible, but doing so is no easy ask. -Data for training must be sourced and fed to the LLM -Transcoding is highly intensive and needs high compute We need further buildout of both these reqs to functionally create decentralized AI
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@steve_mlc
SteveMLC
1 year
@APompliano Wait, people still have an issue with this? It's basically a core principles argument for life. All life is created from energy, so energy is the essential ingredient to keep life going.
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@steve_mlc
SteveMLC
1 year
@0xAngs @friendtech In summary, your thesis is that OTC is trading at a discount to expected fair market value. In all 3 scenarios: Farming points returns points + ETH investment. OTC trading also discounts expected value because of unknowns. There may be no token, the project could rug, etc...
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@steve_mlc
SteveMLC
1 year
@HighStakesCap Ok serious question. Cost to carry leverage is not always cheap. This varies alot depending on where you live and what you have access to. Where do you think it is ideal to carry a year + leverage position? Platforms like kraken will bleed the entire thing a year...
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@steve_mlc
SteveMLC
11 months
Cathie Wood is incredible and her take on the Bitcoin ETF application centers around Gary Gensler. In her words, Gary Gensler was most likely the road block to the approval of a BTC spot ETF. It didn't make sense to approve a futures ETF where there is far more counterparty
@natbrunell
Natalie Brunell ⚡️
1 year
I asked Cathie Wood about what the SEC has been doing with the spot #Bitcoin ETF applications. Below is her very candid answer. Full interview:
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@steve_mlc
SteveMLC
2 years
@NathanDallon I'm not sure I understand your take. History is littered with examples of peak power, peak monetary, peak economic, and peak influence. From nations to ideas, Egyptians to Romans, currencies and methods of travel. Not a single one has maintained it's peak over time.
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@steve_mlc
SteveMLC
10 months
@TuurDemeester It isn't coming back. If you have children, you most likely see why. They don't drift towards the idea of God, or even any desire to really place their belief in it. There will be people who vehemently disagree with me. It is a function of a highly technical world.
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@steve_mlc
SteveMLC
1 year
@SatoshiFlipper Do we wonder? I think you've got me wondering if LINK is the best coin ever. When it runs, I will certainly feel dumb for not buying more. Thanks!
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@steve_mlc
SteveMLC
1 year
@Starterup2 @LukeDashjr @lopp @AmericanAir It's true, but I distinctly remember how much worse it got post 9/11... Shoes off, laptops, phones, anything at all separated out. Liquids and aerosols suddenly had limits and were restricted. We went from relatively benign security checks to long lines.
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@steve_mlc
SteveMLC
1 year
@twobitidiot Its transparent, that's the problem. The US suffers far more than $700m in damage per year to theft, damage, hacks, cybersecurity, and data leaks. Add in drugs and money laundering. The real benefit is that NO ONE KNOWS it's happening! Transparency is the blessing and curse.
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@steve_mlc
SteveMLC
2 years
@NathanDallon Great points. I agree it's unlikely the US fails. US innovation is incredible, just to add to your examples. The real risk is specifically $USD hegemony, the debt based system, and weaponization of the world's reserve currency. Question of when, not if.
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@steve_mlc
SteveMLC
1 year
@maverick23NFT I'm on FT building a loyal community. Happy to add another member!
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@steve_mlc
SteveMLC
1 year
@twobitidiot Damn this is so harsh and so true.
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@steve_mlc
SteveMLC
11 months
@SatoshiFlipper You left out SOL
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@steve_mlc
SteveMLC
1 year
@jchervinsky You're saying there is hope?
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@steve_mlc
SteveMLC
1 year
@SmallCapScience @risedle What's got me is the 11E in fees 👀
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@steve_mlc
SteveMLC
1 year
@twobitidiot The government giving up power?
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@steve_mlc
SteveMLC
10 months
@STLtopShot @0xgaut So the things he did were easy? Maybe it was all luck? Pretty sure it required an above average amount of dedication and fortitude to become the richest man in the world. Also means it's easy to attack the guy in the #1 spot right
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@steve_mlc
SteveMLC
1 year
@CoinGurruu Crazy because that list is still missing 90% of IRL work 😅
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@steve_mlc
SteveMLC
1 year
It is highly unusual for the SEC to file an order to freeze assets, particularly when they have made no claim on fraud or risk to client funds. This smells of desparation.
@DeItaone
*Walter Bloomberg
1 year
U.S. SEC FILES MOTION FOR RESTRAINING ORDER TO FREEZE BINANCE U.S. ASSETS - COURT FILING
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@steve_mlc
SteveMLC
1 year
@zerohedge Is this the traditional "hire a Russian wife" meme? Didn't realize it was still a thing.
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@steve_mlc
SteveMLC
11 months
@rogerkver You are an OG legend and you are still on this BCH train. I don't get it, it didn't make sense then and it still doesn't make sense now. BTC is doing exactly what it was intended to do imo
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@steve_mlc
SteveMLC
1 year
@dyltrig @anboto_labs This is sick. Watching your video now. Would love to DM you for an invite too. Let me know mate, thanks.
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@steve_mlc
SteveMLC
1 year
@gainzy222 Why can't I stop watching this.
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