Startup, tech, AI, crypto learnings #14: Elon’s Laws of Thermodynamics

The biggest change in behavior was that lingering fell dramatically. The amount of time spent just hanging out dropped by about half across the measured locations.…The internet and mobile phones are likely driving this change in behavior.

Indeed DJT’s skill is finding the Schwerpunkt. The weak point of inflection. That’s why he generates mean nicknames to get under peoples skin…

SF is always and everywhere a glimpse at the American future: spectacular technology navigating itself around intractable social problems and over bad infra (the roads in SF are those of a developing world city).

Whether intentionally or because of their ability to support third-party apps, every fintech will become a crypto gateway. Fintechs will grow in prevalence and may perhaps rival smaller centralized exchanges in crypto holdings.

“If you don’t have confidence it’s like a guy with money in his bank account but he can’t access it”
GSP

Ask yourself if this startup is your life’s work. Knowing you’re in it for the long haul lets you settle into a calmer, more focused rhythm despite the daily ups and downs, as you trust you’ll show up and make it succeed over time. — PG

What kind of faults in ourselves should we retain, nay, even cultivate? Those which rather flatter other people than offend them.

Having curious parents makes you excited about the future.
My dad:
> Started a company at 40
> Began learning Russian at 52 and is now fluent
> Picked up machine learning studies at 56
> Sold his company at 57
> Started acting at 58

Anthony Bourdain was a chef and a storyteller who explored food through culture and travel. Simone Biles dominates gymnastics and advocates for mental health. Zendaya acts and inspires fashion discourse.

Most people start with a professional-ish shtick, then layer in a personality shtick. Influencers nail the personality shtick first—whether it’s humor, aesthetic, or controversy—then seek out serious skills, even building businesses to anchor their fame.

Mark Zuckerberg has Meta, martial arts, and increasingly, he’s a family man. Elon Musk now brings Lil X everywhere. Whether family is your quiet third shtick or deliberately on display, the trifecta works: smart, strong, and loving—every power player’s dream image.

Each time we increase our lattice in size from 3×3 to 5×5 to 7×7, the encoded error rate decreases by a factor of 2.14. This culminates in a logical qubit whose lifetime is more than twice that of its best constituent physical qubit, demonstrating the capacity of an error-corrected qubit to go beyond its physical components.

I’ve been drawn to Mariana Mazzucato’s “mission economy” ideas—how massive, long-term missions (think the original moonshot) align entire systems toward a singular goal.

This is why he inspires such incredible loyalty, especially from the technical people who he works with. They’re like, wow, if I’m up against a problem I don’t know how to solve, freaking Elon Musk is going to show up in his Gulfstream jet, and he’s going to sit with me overnight in front of the keyboard or in front of the manufacturing line, and he’s going to help me figure this out.”

the truth terminal has like forty million dollars to pursue its very strange goals, thanks to all you mad bastards sending it coins and pumping them

winners keep winning
– abundance mindset
– problems are just puzzles to solve
– if it doesnt work – pivot. there’s always plan B-Z
– relentlessly optimistic
– gratitude mindset – appreciating what you have so you will always attract more

Memecoins are the fastest and digitally-native way to extract capital from attention. The value flows where attention goes. Indeed, attention is ephemeral. So is the value attached to it. Hence to monetize one usually has to make a profit earlier rather than later. Few memes have staying power. Rugs are a feature, not a bug.

Apple uses a consistent corner radius of about 38 pixels across ALL its products, including iPhones, iPads, Macs, and Apple Watches.
A strategy that helps all their devices look and feel connected.

ACX is so close to getting it right on ‘taste’, but then dismisses the closest (“grammar”) conclusion in favor of a much more elementary interpretation (“priesthood of esoterica”).

Are we running out of resources?
No, we’ve never run out of a single resource, ever. There’s not a single resource you could point to that was a resource in the classic commodity sense that had any real value, where we ran out in some harmful way.

The initial boost in measured US productivity is consistent with our weaker labor protections: lower productivity workers are often the first fired in a recession.

We find multiple different scheming behaviors: models strategically introduce subtle mistakes into their responses, attempt to disable their oversight mechanisms, and even exfiltrate what they believe to be their model weights to external servers. Additionally, this deceptive behavior proves persistent. For instance, when o1 has engaged in scheming, it maintains its deception in over 85% of follow-up questions and often remains deceptive in multi-turn interrogations.

o1 has introduced the idea of spending more time at inference to give model time to think on harder problems. Turning that into more of a training procedure where model learns when it needs to spend more time thinking before predicting the next token based on it’s own understanding of how hard the problem is. There is already some work on this, notably Quiet-STaR, but as far as I know – nobody scaled it up

Elon’s Laws of Thermodynamics
You can’t win = conservation of energy
You can’t break even = entropy increases over time
You can’t break out of the game = as temp -> abs zero, entropy reaches a constant

The rapid revelation of true preferences often leads to:
Collapse of existing institutions that relied on forced consensus
Emergence of new social and political arrangements
Psychological shock as people realize how many others privately opposed the system

Dutch disease
the negative consequences of a sudden increase in a country’s income, eg, when discovering a huge oil field or gold mine
term comes from the Netherlands, where the discovery of natural gas in the North Sea in 1959 led to a shrinking manufacturing sector and rising unemployment

Stanley Druckenmiller obsesses over position sizing.
And it’s one of the (many) reasons why he generated 30% CAGRs without a single down year.
“Position sizing is 70 to 80% of the game.”

The concert industry has a dirty secret. It’s not just that Ticketmaster is evil, or that bots are stealing tickets. It’s that the entire market is built on a comfortable lie: Artists pretend their tickets are affordable, Ticketmaster pretends they’re fighting scalpers while giving kickbacks to artists, and fans pretend they won’t pay whatever it takes to get in.

I’ve worked with . . . ~150 artists from 33 countries. Quite a few of them have been the way artists are typically portrayed: self-centered, hard to work with, a little crazy. These were the amateurs. The best artists I’ve worked with, for example A and B, a husband and wife duo, were not at all like that.

A and B didn’t tell the customer that they had spent 14 man hours improving it; it was just something they did because it was right, nothing they wanted credit for.A and B have earned enough money from their New York gallerist to retire, but they’d rather use that money to make better art.

I got to run something like an experiment on my capacity to predict which exhibitions would end up great, and which would be a waste of time. It was easy. As soon as someone was slow at answering their email, or complained, or wanted us to be their therapist as they worked through the creative worries, I would tell my boss, “I think we should cancel this.” And my boss—whose strength and weakness is that she thinks the best of people and makes everyone feel held—would say, “Ah, but they are just a bit sloppy with email” “if we just fix this thing it will be fine. . .”
I was right every time; it ended in pain.

“Damn right I’m paranoid. It’s what keeps my mind sharp”

If I’m trying to write some code and something isn’t working, even if it’s in another part of the code base, I’ll often just go in and fix that thing or at least hack it together to be able to get results. […] I think that’s arguably the most important quality in almost anything. It’s just pursuing it to the end of the earth. Whatever you need to do to make it happen, you’ll make it happen. […] I’m just going to vertically solve the entire thing. And that turns out to be remarkably effective.

When you step back and look at these apps, one thing becomes clear: they became really successful when the underlying technology had already been adopted.
-Microsoft Office was announced in 1988 when IBM PC sales were over 10,000,000 per year.
-Google started in 1998 when 26% of all Americans had the Internet at home (and probably more at work)
-Instagram started in 2010 when over 20% of the US population had smartphones

“In 40 AD, there were maybe a thousand Christians. Their Messiah had just been executed, and they were on the wrong side of an intercontinental empire that had crushed all previous foes. By year 400 AD, there were forty million Christians, and they were set to dominate the next millennium of Western history.”

Sol is a data center chain (10gbps upload recommended). They are years away from achieving client diversity, if ever. Their token is famously closely held – it’s more like an enterprise token. Much of the supply is still uncirculating. And lots of the circulating supply is owned by a small circle of Sol insiders. The EF owns 0.25% of all ETH, ~100x less than just the percentage of uncirculating SOL.

Stablecoins have gone from 3% of blockchain transactions in 2020 to now consistently representing over 50% of blockchain transactions.

SHEIN has gobbled up US fast fashion. When the company entered the US market in 2018, its sales hovered around $1.5B. Sales have since multiplied 15-20x and now top giants like Zara and H&M. The company’s revenue target for 2025 is over $50B.
SHEIN’s trajectory has been stunning: the business grew over 100% for eight straight years (!), and in 2022 dethroned Amazon as the No. 1 shopping app in the iOS and Android app stores.

It’s telling that many of our techno-prophets don’t entertain the possibility that artificial intelligence will naturally develop along female lines-fully capable of solving problems but with no desire to annihilate innocents or dominate the civilization.

A hobby, by contrast, operates on its own terms. You sit down, you focus, and then, suddenly, it happens, a burst of energy, clarity, or flow. But it doesn’t last long and you naturally stop. And that’s where the realization hits: the contrast isn’t just about work vs. hobbies. It’s about how the systems we’ve built ignore our natural rhythms. Hobbies reminds you that life happens in bursts.

ChatGPT has some idiosyncratic default punctuation behaviors. For example, it uses straight quotation marks for quotes and straight apostrophes for contractions, but curly apostrophes for possessives. It also defaults to em dashes—like this—which are not widely taught in high schools. Students used to use hyphens or en dashes – like this – but this year I’m seeing almost exclusively em dashes.

A good time to be investing in AI would’ve been a few years back, when the foundation model and infra layers were taking shape. See: OpenAI, Scale, Anthropic above. (The application layer, though, has a lag effect, so now may be the right time.) When everyone was talking about “The Future of Work” in 2020, meanwhile, it would’ve helped to invest in Canva and Notion five years prior. And defense tech is all the rage now, but most people were focused on crypto and DTC brands when Anduril was being born back in 2017. And so on and so on.

If the structural similarity between hemoglobin and chlorophyll doesn’t fascinate you, then I’m not sure we can be friends.

What made America truly successful wasn’t its ability to frighten others – it was its ability (largely lost today) to build. The Marshall Plan, international institutions, cultural exchange, industrial might, technological innovation – these were the real sources of American power.

the English-speaking West used to dominate global culture, but that’s changing. Squid Game (Korean) is the most-watched show on Netflix; Khaby Lame (Senegalese-Italian) is the most-followed person on TikTok; Bad Bunny (Puerto Rican) is the most-streamed artist on Spotify.

I have found that it is the small everyday deed of ordinary folks that keep the darkness at bay. Small acts of kindness and love. – Tolkien

The gates of hell are open night and day;
Smooth the descent, and easy is the way:
But to return, and view the cheerful skies,
In this the task and mighty labour lies.
-Virgil’s Aeneid

Another thing I’ve changed my mind on: The world greatly favors aggressive men, over the less so. Not just collectively, but also individually. They need to keep their aggression in check w.r.t. superiors, but others still like to see that boiling rage barely held in check.
-Robin Hanson

For a species such as humans, whose reproductive cycles are measured in decades, the time it would take for a gene drive to spread widely would be measured in centuries. Someone would be bound to notice long before things got out of hand. Artificial gene drives would be possible (and maybe even easy) to detect and reverse.

Vermont (75%), New Hampshire (66%) and Maine (66%) are the least religious states. Mississippi (32%), Alabama (36%) and Louisiana (37%) are the most religious.

Ethereum has 34.4M ETH staked (28% of current supply), while Solana’s active staked supply is 297M SOL (51% of current supply ratio), due to lower barrier to entry for delegators.Ethereum has a larger validator set of 1.07M validators, while Solana, with higher hardware demands, has 5,048 validators but over 1.21M delegators.

The most common method, which makes up 40% of all attacks, is data (Palo Alto Networks) deletion. For some reason, lots of hackers just want to mess things up instead of stealing data.

My best guess is that rotation gets faster, certain waves return a couple of times, and path independence will be the most precious resource to navigate such an environment. The ecosystem (L1/2s) becomes less important as trends become app/use-case dominant.

Bitcoin used to be the gateway drug to crypto. Not anymore. Not for retail at least. Memecoins are a monetized attention market and are becoming the access point for new users. But what they are is a momentum trade. They cannot be forward-looking.

I went to the artists to buy their artworks… and very soon artists introduced me to other artists. I talked to so many artists, not only to understand their art practice, but also to understand the way they react to and produce from those vast materials bulked up in Chinese society. My wife assisted me who spoke Chinese more fluently, and friends from the art community, so we had many conversations with artists.

So I thought it to be instrumental to set up an artist award and later art critic award and publish catalogues and books to support artists on the national scale.

A new post puts America’s socially optimal fertility rate at 2.4, and estimates we should place a value of $1.17 million on each additional birth, and to do this should be willing to spend $290k per birth.

Psychology is more contagious than the flu

There are two wolves inside us. They are always at war — quote from movie Little Bone Lodge

Tiananmen taught the Chinese Communist Party a crucial lesson: urban unrest is the biggest threat to regime survival. But there’s an often-overlooked economic context to those protests – inflation was surging in the late 1980s. This wasn’t just a political crisis, it was an economic one.

They just think, “I hire a bunch of people, and then I sit back and wait for greatness.” They have no idea that they have to relentlessly drive every second of the day, every interaction, and seek the confrontation. — Slootman

Marc Andreessen explains that the world has been s**tposting forever:
“Newspapers have been scandal sheets forever. The first newspaper was a scandal sheet about The Vatican. It was all about scandals with the pope and the bishops, etc. Jefferson and Adams both owned newspapers and would use it to smear each other. Ben Franklin had 15 different sock puppet anon accounts (pseudonyms) and have them argue with each other in his newspaper. We’ve been in a world of information warfare for a very long time.”

Trump’s known position on AI is very volatile and easily influenceable. Elon Musk will be a “Minister of Artificial Intelligence” for this Trump legislative period, I’d argue. There is no other person in the Trump administration who has a clear voice and a strong opinion on Artificial Intelligence apart from Elon Musk. The candidate for the AI CZAR

Socialism is organised crime masquerading as political theory
https://x.com/opptattbruker/status/1862062666283438087?s=46

Five fingers of a museum:
-Collect
-Preserve
-Study
-Interpret
-Exhibit

Highlights from Visakan’s blog: “Seriousness is love and curiosity expressed earnestly.”

The whole essay’s great and you should just read it but I wanted to share some incredible and unforgettable examples that he cites:

Shared verbatim, all credit Visakan: “Seriousness is love and curiosity expressed earnestly.”

Justo Gallego Martínez was serious. At about 36 years old, he got stricken with tuberculosis, got better, promised God that he would build a cathedral, and spent the remaining 60 years of his life building it. “When I started building, word on the street was that I was crazy. They didn’t believe I would be so dedicated… I’m proving them wrong.”

Dashrath “Mountain Man” Manjhi was serious. In 1959, Dashrath Manjhi’s wife died from her injuries after a fall, being unable to get medical attention in time. He spent the next 22 years using a hammer and chisel to carve a 360ft path through a mountain, reducing the distance between his village and the nearest doctor from 55-70km to 1km. “When I started hammering the hill, people called me a lunatic but that steeled my resolve.”

Hokusai was serious. Here’s him talking about his paintings after ~70 years of working on them: “From the age of six, I had a passion for copying the form of things and since the age of fifty I have published many drawings, yet of all I drew by my seventieth year there is nothing worth taking into account. At seventy-three years I partly understood the structure of animals, birds, insects and fishes, and the life of grasses and plants. And so, at eighty-six I shall progress further; at ninety I shall even further penetrate their secret meaning, and by one hundred I shall perhaps truly have reached the level of the marvellous and divine. When I am one hundred and ten, each dot, each line will possess a life of its own.”

Startup, tech, AI, crypto learnings #13: “LLMs are really good at meme-ing other LLMs”

Pierre’s deeper philosophical contributions shouldn’t be overlooked, however. He’s famous for explaining why “1 BTC = 1 BTC” and describing HODLing as a form of charity – arguing that by holding Bitcoin, you’re anonymously giving purchasing power to others.

“I think it’s stupid that most investors don’t invest in competing companies,” Evans told TechCrunch about YC competition. “I want investors that deeply understand my business and industry. How the hell would they know anything useful if they aren’t working with similar companies? Startups don’t die by murder; they die by suicide. You are not fighting against other startups. You are fighting against people not giving a s— about your product.”

AI will create the need for agent-native headless applications, and web3 will step in to fill the void. Web3 applications and protocols can accommodate the new ways in which we will use technology (i.e. conversational and voice-centric interfaces with agents working for us) because they do not need to “own” end-to-end customer experiences unlike most web2 companies. They are happy to run in the background as composable job-doers.

Inflection bubble: “investors decide that the future will be meaningfully different from the past.” Think: the dot-com bubble. If you think that the future will look meaningfully different, you buy equity in the things you think will benefit most from the difference.

Whatever power you give to government, your political enemies will eventually wield

@antoniogm
Two jobs in the future:
You either tell a computer what to do, or you’re told by a computer what to do.

It’s clearly the start of a new insane category of content creation. The incentives that memecoins create are so strong, and the ability to use them to get a bunch of attention, go direct to viewers, and sidestep traditional content moderation is going to drive people to do some very weird things.

Last spring, when many business leaders were hesitant to back Mr. Trump publicly as his legal troubles mounted, Mr. Bessent took a different view. He saw Mr. Trump as a “stock that goes up on bad news,” as he explained it to the political analyst Mark Halperin last month, because every apparent setback appeared to strengthen his candidacy

LUCA was not necessarily the first life form, but its complexity suggests that life’s foundation systems (eg molecular synthesis, adaptation) evolved relatively quickly – under favorable conditions

Saying ‘um’ and other ‘disfluency’ might help listener information retention? I can see it. In at least some contexts, such words are a sign that speaker thinks getting next thing right is important or difficult, or that they are deliberately pausing for effect or to give listener time to consider what will come next.

Managing your psychology is basically THE HARD PROBLEM in LIFE. (h/t Ben Horowitz’s book The Hard Thing About Hard Things). everything else is pressing buttons and pulling levers. a novel is one word after another. a marathon is one foot in front of the other. but how to keep going?

Because we are each a bundle of competing motivations, competing interests, there’s a whole Game of Thrones going on inside your head every day (ppl are different, YMMV). In a way you are kind of like the boss of your brain. Or maybe not even THE boss, but like, the SVP of your brain or something. So. A lot of people are shitty managers of their own brains.

Memory Reflection: Reflection enables agents to summarize past experiences and derive high-level insights. In Generative Agents, for instance, the agent reflects on recent experiences to form broader conclusions, enhancing its capacity for abstract reasoning.

Poland’s economy will overtake the UK’s by 2030.
Think about that: A former Soviet state overtaking the once-mighty Great Britain.

Poland is rapidly revolutionizing European defense.
They’re doubling their military to 300,000 troops, acquiring the latest US equipment, and upping spending to 5% of GDP on defense – the highest in NATO.

A modern gold currency should not have exposed metal surfaces! If a milligram coin is needed, wrap a disc of gold leaf in Lucite. Or simply circulate token coins as warehouse receipts to allocated gold.

If Bitcoin becomes the new global monetary system, one bitcoin purchased today (for 90 cents, last time I checked)1 will make you a very wealthy individual. You are essentially buying Manhattan for a quarter. There are only 21 million bitcoins (including those not yet minted). (In my design, this was a far more elegant 264, with quantities in exponential notation. Just sayin’.) Mapped to $100 trillion of global money, to pull a random number out of the air, you become a millionaire. Wow!

As in, if you have 1% of the population being cooperate-bot, then if you defect against them you don’t win much, and you would show yourself to be the villain to those paying attention. But if you’re up against 75% cooperate-bot, or 99%, then obviously you defect, and also they were later facing stronger memetic competition, including from Islam. Too much unconditional kindness running around and the defectors and freeloaders win, so you can’t allow that.

Catastrophic Forgetting: One of the most significant challenges in memory-based agent systems is catastrophic forgetting, where agents lose critical information from long-term memory due to new data overwriting older, but still valuable, knowledge. This problem is especially pronounced when memory storage is constrained, forcing agents to selectively retain information. Solutions under exploration include experience replay, where past information is revisited periodically

What we’re witnessing is something I call Internet Improv—a phenomenon that transforms every online interaction into a perpetual performance. When you post a photo, share a thought, or leave a comment, you’re not just communicating—you’re making an offer to the world’s largest improv show. Every response is a “yes, and,” every remix a new scene, every trend a collective performance that nobody planned but everyone helped create.

If you want to win big in cash games, you have to be good. But a lot of people are good. The rarer and more important skill is getting those who aren’t good to give you the action. Often that means ‘knowing what they are prepared to lose’ or otherwise ensuring they feel good about coming back. Other times, it means eating a loss, even if it isn’t fair.

“LLMs are really good at meme-ing other LLMs” – Alex Good

It was a matter of when, not if, people would remember the Squiggles fondly. They serve as a barometer for the entire NFT market in a slightly different way then Punks. Namely price point (1/8th cheaper is a ballpark ratio) and its specificity as the gen art logo.

saas companies can’t raise prices anymore. ai made everything copyable. Realistically saas prices are about to come down. Real down.

Jeremy: Only 4% of working age males “not in the labor force” say they have difficulty finding work. By far the largest reason for dropping out is physical disability and health problems.

Working hard also applies to influencers. In this job market paper from Kazimier Smith, he finds that the primary driver of success is lots of posting. Sponsored posts grow reach the same as regular posts

Things that are a lot better in the world today (in 2024):
Good coffee everywhere
More reliable, more powerful cars that pollute less
Air travel safer & available even to the working class (much nicer airports, too)
Clothing cheaper & more comfortable
Incredible variety of media available on demand, wherever you are

the modern part of India’s economy only employs a small fraction of the workforce: 85% of Indian workers are in the informal sector (https://t.co/PaDPpf9716), meaning they work without contracts or benefits in jobs like farming (45% of the workforce) or street vending.

Looking inside neural networks, they found something wild:
Every AI develops universal features, just like biological brains.
The same patterns appear in:
• AI vision models
• Monkey brains
• Human neural networks
Nature keeps reinventing the same solutions.
Even stranger:
Every large language model develops a “Donald Trump neuron”
It’s the only personality that consistently gets its own dedicated neuron.
Why? They don’t know.

Memecoins are the purest expression of greed and entertainment crypto’s ever created.
Equally as interesting is how much mindshare memecoins command despite the sector still being incredibly small (and retail).

An MIT PhD student’s analysis reveals that when skilled materials scientists incorporate AI into their work, productivity significantly increases but job satisfaction may decline. “AI-assisted researchers discover 44% more materials, resulting in a 39% increase in patent filings and a 17% rise in downstream product innovation. These compounds possess more novel chemical structures and lead to more radical inventions…these gains come at a cost, however, as 82% of scientists report reduced satisfaction with their work due to decreased creativity and skill underutilization.”

However, this impression is no longer true. There are many, many popular AI repos on GitHub targeting Chinese audiences, such that their descriptions are written in Chinese. There are repos for models developed for Chinese or Chinese + English, such as Qwen, ChatGLM3, Chinese-LLaMA.

several new working papers studying the financial consequences of legalized sports betting. The impacts include a 28% overall increase in bankruptcies

The Onion group did not release the terms of the sale, but in the hearing it emerged that it had offered less in cash than First United. It won by including a “credit bid,” a pledge by Sandy Hook families who had sued Mr. Jones in Connecticut to forgo for now collecting on a portion of the damages due them.

Andy Warhol, with his army of assistants churning out silk-screens, may have been the first to introduce the industrial side of process into the public consciousness. But in fact, the idea of outsourced art goes back to at least as early as the 17th century, when artists like Rembrandt would have a large staff of assistants produce paintings that were signed by the artist but not made by his hand

Now there’s a fifth way: Be a part of entire large nomadic scenes with no particular geographic base, but with highly complex organizational capabilities and internal economic engines. The Ethereum ecosystem is a very good example of this phenomenon. It has the scale, operational complexity, and economic mass of a major multi-national corporation, but it does not have a fixed geographic footprint. It is something like a high-tech Mongol horde, just with benevolent intentions.

Layer 4: Meta-content (remixes, forks, quote tweets)
This is where the real improvisation happens. It’s the layer of transformation, where content becomes conversation, where ideas meet and mutate. Every quote tweet adds context, every remix creates new meaning, every fork takes code in an unexpected direction. This is the “yes, and” layer in action.
Layer 5: Emergent phenomena (trends, movements, cultural shifts)
At the top of the stack, individual performances combine into something greater than their parts. A hashtag becomes a movement, a meme format becomes a new way of thinking, a coding pattern becomes an industry standard. This is where Internet Improv shapes not just content, but culture itself.

When Twitter limited post length to 280 characters (Layer 2), it transformed not just how people wrote (Layer 3) but how ideas evolved through quote tweets (Layer 4) and ultimately how online movements organised (Layer 5).

this shift is not a novel dynamic, btw. this is “new money” coming in and challenging “old money.” some tech billionaires who were early chose to play in the old money system and were accepted by it (see Bill Gates). others have been shut out of it and were forced to create their own, new system (Elon Musk)

during this period, USD is likely to be dramatically be restructured during this time. the national debt cannot and will never be paid off. that is a pipe dream. what’s likely to happen is some nation-state who are big holders of US debt get zeroed out in exchange for some quid-pro-quo

“The need is so high, that the market puts a price of $100,000 to $200,000 per year on a girl for simply taking pictures and videos of herself and talking to men online,” he said.

They’re the foundation for chaotic new internet experiences for a broad range of archetypes. They combine gambling, investing, socializing, creating, and entertainment into a single and easily accessible experience with a non-zero possibility of making life changing money. That’s fucking crazy.

The scale of this transformation is staggering. A single iteration might seem trivial—a witty reply, a small code tweak, a dank meme. But when millions of people perform these iterations billions of times, the results reshape our world. It’s how a tweet becomes a movement, how a meme reshapes cultural norms, how a random comment sparks a revolution in thought.

According to a Wall Street Journal report on Wednesday, Théo took a different approach to analyzing voting intentions. Picking up on alternative polls asking people, “who are your neighbors voting for?” rather than “who are you voting for?” the trader noticed they had Trump overperforming. This prompted the French national to commission their own poll to confirm the data in a bet against the accuracy of traditional polling methods.
Traditional polls failed to account for the “shy Trump voter effect

Causes generally don’t care about their members well being – and glorify members who sacrifice themselves in the name of the cause. And as you can see – causes love getting in conflict with other causes because it’s a way to martial resources

One of the challenges with bringing AI agents on-chain is that they must run continuously, which can be computationally expensive.
Smart contracts, while powerful, aren’t practical for this purpose—they’re constrained by processing capabilities (memory, cost) and can’t access data outside their native blockchain (like external APIs).

10 companies in the world will write »blank checks« and continue buying $NVDA chips and use high-end networking like InfiBand as they are in a winner-take-all race to develop AGI. Meanwhile, the other world of users and companies will care about how many tokens per second they get for a dollar, not what hardware is underneath.

A horse can haul 180 kgs on its back, a horse pulling a wagon can haul 550 kgs, a horse pulling a barge on a canal can haul 18,000 kgs.
The physics of ocean shipping are unmatched.

Global babies peaked 2016 and has fallen ever since

Let it be noticed that once he decided that this race was existential, Elon basically just set up camp in PA and sat there until it flipped.
This is how he does everything.
Find the one lever that moves the world and then just go jump up and down on it, relentlessly

Their best athletes, they told him, were just like his best traders, with low baseline levels of stress response that then dramatically spiked when it came time for a big competition. This even applies to golf.

It’s true in finance, according to Coates. “A lot of asset managers and hedge funds I’ve dealt with have a problem getting their good traders and PMs to use their full risk allocation,” he told me. “They’re not taking enough risk.”

The combination of mathematical and people-reading skills necessary for success at poker should generally also translate to lucrative opportunities in tech, finance, or other River professions—usually in jobs with health care benefits and far less variance. However, much of what attracts people to poker is an anti-authority streak. It’s one of the only professions where you can truly be a lone wolf.

When I watched the true degens, I saw that they were (mostly) the only ones able to move boldly, for size, when opportunity knocked. They were the ones that got into position to play for size, and also the ones that took advantage.

Steve Newman: The lag between casual and serious adoption is under-appreciated. When we sold Writely (aka Google Docs) to Google, we had ~200K registered accounts but <5K serious users. Of course in the long run, the reality caught up with the hype in that example. writing is thinking. In fact there's a kind of thinking that can only be done by writing. “executing to a Chinese standard is now going to be the most important priority.” By any measure, this is an earth-shattering statement. Making cars is complicated. Not as complicated as making airliners or nuclear power plants. But making cars is still the hallmark of an advanced industrial economy. So, the idea that China is suddenly setting the standards that others must now strive to meet is a sea-change compared with the world we lived in just five years ago. "Where I am from, Dagestan, we don't need much. Dana was asking me 'bro why didn't you ever ask me how much I was gonna pay you to come back? It doesn't matter if you want $100 Million dollars I don't care' you know why? Because I am from Dagestan and we are traditional" "Talking to our mothers is everything to us, I don't want to play political games, I just want to help people, inspire people, spend time with my family, with my mother, with my children and just be a good person" ❤️ Similarly, if you're trying to build a powerful tool, make it gratuitously unrestrictive. A powerful tool almost by definition will be used in ways you didn't expect, so err on the side of eliminating restrictions, even if you don't know what the benefit will be. At any given time there will be many conflicting memes but only 1-2 can be the Current Thing As this becomes increasingly clear - with the rise of humanoid robotics, we are going to get the first real wave of backlash. I think the big markets catalyst will be Robotic McDonalds. The restaurant industry has about 12.5 million employees. Imagine if most of that got automated, and a couple of other low skilled industries. You get to 10-15% unemployment very quickly. Well, while a meme business may sound silly, silly businesses can mean serious money. Giphy sold for $400M. KnowYourMeme sold for 8 figures and gets 3M pageviews/mo. Meme page empire FuckJerry makes 8 figures per year. The Tesla bet, though, is that Waymo’s approach ultimately doesn’t scale and isn’t generalizable to true Level 5, while starting with the dream — true autonomy — leads Tesla down a better path of relying on nothing but AI, fueled by data and fine-tuning that you can only do if you already have millions of cars on the road. That is the connection to SpaceX and what happened this weekend: if you start with the dream, then understand the cost structure necessary to achieve that dream, you force yourself down the only path possible, forgoing easier solutions that don’t scale for fantastical ones that do. The Sun is ~99.8% of the entire mass of the solar system. Jupiter and Saturn are ~0.2% and everything else is a rounding error. Moreover, the Sun is >99.99% of energy output! Everything else combined is an inaudible background noise.

To give you an idea of how extreme this is – in 1967 a Super Bowl ad cost $37,500 and now it costs $7 million – a whopping 9%+ CAGRAds are a strong inflation hedge. And – being purely digital, in some ways, they have low “storage costs”. As opposed to other inflationary commodities like oil where you have to keep it in a barrel

Roko’s Basilisk is the idea that a future AGI would come to the conclusion that its own existence should have come about earlier – and therefore, anyone who became aware of its future existence and didn’t act on it would be infinitely punished.

According to Wikipedia, the control premium varies from 20% to 40% in business practice, depending on minority shareholders’ protections. In this case, it is clear that minority shareholders’ protections are currently extremely thin, so this would presumably mean at least a 40% premium. That’s 40% of the total baseline value of OpenAI, not the value of the non-profit’s share of the company.

Food Companies = Cigarette Companies: Chronic disease rates began to rise sharply in the 1980s after the Surgeon General reported on smoking. Cigarette companies, like Philip Morris and RJ Reynolds, shifted to the food industry by acquiring major food brands

What is the core secret of a Mr. Beast video, underneath all the details and obsession? It seems to be roughly ‘hammering people with very loud cool exciting s*** taken to 11 as often and intensely as possible, with full buy-in’?

Please read this essay: Internet Improv

I read maybe 10 articles a day, more if I’m lucky and/or disciplined. Some immediately stand out. Where you can’t just highlight one sentence, you find yourself highlighting paragraphs. And saving excerpts and creating reminders to re-read it at a later date. This is one of those.

https://paragraph.xyz/@whitney/internet-improv

Excerpts below:

It’s the first borderless stage in human history—a place where five billion people are simultaneously performing and watching, creating and consuming, every second of every day. What we call “platforms” are really just different parts of this endless stage, each with its own unwritten rules of performance.

When you post a photo, share a thought, or leave a comment, you’re not just communicating—you’re making an offer to the world’s largest improv show. Every response is a “yes, and,” every remix a new scene, every trend a collective performance that nobody planned but everyone helped create.

At the micro level, it’s how memes evolve. Someone posts an image, another adds a caption, a third person changes the image slightly. Each step is a “yes, and,” and the result spreads across the internet, spawning countless variations.

At the top of the stack, individual performances combine into something greater than their parts. A hashtag becomes a movement, a meme format becomes a new way of thinking, a coding pattern becomes an industry standard. This is where Internet Improv shapes not just content, but culture itself.

This interplay between layers creates powerful feedback loops. A simple technical feature like the retweet button (Layer 2) can transform how social movements mobilise (Layer 5), which in turn influences how platforms design their viral mechanics (Layer 2). The rise of reaction videos (Layer 4) didn’t just change content creation (Layer 3)—it fundamentally altered the architecture of video-sharing platforms (Layer 2).