🏴☠️ @calvinfroedge
Investor & Entrepreneur. American living and investing most of the last decade in LatAm. I run a service for shipping and commodity investors @MarhelmData calvinfroedge.substack.com Joined October 2019-
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Can't take it with you, guys. I ended my first business to go home to my dying grandfather. As he groaned in pain I asked him what he wanted. "I want to work", he whispered. His funeral had hundreds of people and a 21 gun salute. He never cared about the money.
Can't take it with you, guys. I ended my first business to go home to my dying grandfather. As he groaned in pain I asked him what he wanted. "I want to work", he whispered. His funeral had hundreds of people and a 21 gun salute. He never cared about the money.
What does it profit a man to gain the whole world yet lose his soul?
I expected to process ~$1M in credit card volume this year. Instead, I'm walking away and starting over. I expect I will lose at least 80% of my customer base. But having agency matters, and long term, I will be able to build a more resilient business.
Banks and credit card companies freezing your funds at their arbitrary whim is philosophically indistinguishable from someone attacking a gold train or robbing a treasury vault. It is inherent violence. And it is unacceptable.
@calvinfroedge Big time. KYC and AML are actually destroying the world disruptive-horizons.com/p/kyc-aml-dest…
It's almost like we live in a society where few create value and the rest are parasites
It's almost like we live in a society where few create value and the rest are parasites
"What the current regulatory regime does do, is: i) create armies of meaningless jobs, ii) thereby undermining mental health as well as economic prosperity, while iii) undermining our freedoms and rights."
"What the current regulatory regime does do, is: i) create armies of meaningless jobs, ii) thereby undermining mental health as well as economic prosperity, while iii) undermining our freedoms and rights."
@calvinfroedge @stripe what? @stripe refused to take a letter of introduction from your local bank? what sort of muppets are these people??!? unbelievable. how do they expect anyone to trust them?
@calvinfroedge In Argentina you have to show ID to buy food at a supermarket. The purchase is registered with the government. Big brother is real.
Hookup culture, stifling regulation, high taxes, crippling inflation, woke nonsense...it all adds up
Hookup culture, stifling regulation, high taxes, crippling inflation, woke nonsense...it all adds up
People really don't understand how screwed the banking system is. You can literally buy gold with bitcoin all over the world, and then liquidate the gold for fiat, or sell back for bitcoin. You can domicile it in foreign entities. You literally never need to touch the banks.
Kuppy @hkuppy
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I don't know who created Bitcoin. But I do know that the payments are irreversible and I don't need to do any paperwork to accept them. And those two attributes alone are a reason to accept Bitcoin (and other crypto for smaller transactions) rather than credit cards.
@calvinfroedge Tip - accept payments through strike app, works on all currencies and BTC, then move your BTC off it to cold storage.
@calvinfroedge This is the oldest depiction we have of when Cortes “burnt” his ships. XVI century. However he perforated them instead, much easier and practical. The burning version was a romanticized invention from the XVII century.
@calvinfroedge So many people have problems with stripe. Big payment processors are black boxes full of assholes.
@houghton7128 @calvinfroedge Arguably BTC olatility is irrelevant if you stick with it on a long enough time frame. Sometimes it'll work for you and sometimes against you. It should average out over time.
@calvinfroedge Generally speaking, they wouldn't do so if they weren't private enforcers for the state. Some seem to have gotten high being in that position, but it only marks the deterioration of their incentive to not break their basic promise of being good stewards of their clients' money.
@AncientSion @calvinfroedge No. You can have multiple wallets and spread the money. However, you can make guesses.
@calvinfroedge I mentioned this to you the other day on one of your posts. Dealing with the U.S. and Panama is most of your problem. There are far more free places around the world
@calvinfroedge yeah, i was on the phone with them a few weeks ago. its awesome. 👏
@calvinfroedge And then last bit, some companies just do better with the address customs of some countries and totally fail in others. When I ship to China I use DHL because UPS always screws if up but I use UPS for India. Sometimes there are country specific competency issues.
@oldmaninvestor @calvinfroedge Where do you draw the line? Think about it. Only allowed to shop with a mark of the Beast on your forehead? BTW we virtually had such a system under covid-rule. It isn’t far fetched at all, it was reality only a mere 3 years ago!
@calvinfroedge A sailboat is the universal symbol for freedom. All u need is wind
@calvinfroedge I've never said a bad word about your business. In fact, I actually think you do great work. And, you are a good sport about some of us ripping on your geopolitical takes. Your business, your choices, but I do think you could 100x this venture easily by hiring a tweet reviewer.
@nimblephatty @WTIBull @calvinfroedge It’s just two men, who both happen to live in third world countries, having a bit of fun
@FracSlap I would pay more for them to both delete their accounts then watch them fight
@calvinfroedge Can we disband with the word bipartisan already, it is and has been unipartisan for a long long time
@calvinfroedge This country is losing it quick . More loyalty for a foreign country than Americans .
@calvinfroedge Next time a 2020 goes down and they are burning your small business. I know how I’d identify to get the national guard dispatched.
@StitchCapital @calvinfroedge Some of yall absolutely love the taste of boots