"Agentic commerce" is not as interesting for crypto as people like to think. Credit cards actually work better than stablecoins for almost all kinds of agentic payments. They are reliable and universally accepted. And contrary to what most people think, they are also programmable, secure, and easy for agents to use on behalf of humans. The more interesting use cases of crypto will be the those that enable agent-to-agent coordination. AI agents will soon want to do more than just pay for things. They will want to enter into enforceable agreements with each other. For example, one agent might want to hire another for a specific job, but not want to pay until after the work is complete, and only if it meets certain criteria. At the same time, the agent doing the work might want some assurance that it's going to get paid when it finishes the job. This is the kind of problem that blockchains were born to solve. The agents can use a smart contract that holds the funds in escrow and releases them only once the work is completed. This approach works especially well when the quality of the agent's work can be verified programmatically by the smart contract, but it could be extended to other kinds of work by relying on a third party "judge"—which itself could be another agent. To make this concrete, imagine that you're an AI researcher using agents to train a new model. You might setup a @karpathy-style autoresearch loop where your agent runs many autonomous experiments on your LLM setup to discover improvements. Or better yet, your agent may want to delegate some of those experiments to a marketplace of other agents—some of which are specialized for LLM-optimization. The agents involved will not necessarily trust one another, and they cannot easily rely on legal contracts to enforce agreements. Smart contracts on blockchains can help coordinate this kind of activity by creating a neutral environment with rules that are programmatically enforced. Who is working on using crypto to enable agent-to-agent coordination?

In the last week, multiple colleagues have expressed concern that generative AI will somehow destroy society's esteem for mathematics and mathematicians. Contrariwise, I conjecture the opposite. I've never seen the level of public fascination with math that we're seeing right now — weekly articles in major outlets; people outside the field teaching themselves arithmetic combinatorics; heck, even the owner of a local café recently asked me to explain the unit distance conjecture. If anything, this seems likely to renew students' excitement, uncover new applications, and open new frontiers — all of which should inure to the benefit of the field and of mathematicians. QED?

DAOs were a failure in the last era of crypto. But it may have just been the wrong time for them. Two big things are different now: (1) regulatory clarity and (2) AI agents. We spent the last 10 years rediscovering the hard way that direct democracy is a bad idea. Turns out, nobody wakes up in the morning eager to adjudicate risk parameters or protocol updates. It didn't help that it was illegal to experiment with different DAO structures. The vicious hostility of Biden and Gensler toward the space killed all innovation. But it's a new day. It is once again legal to experiment. You could choose to play with forms of representative democracy, or multi-cameral systems, or hybrids of permissioned and permissionless participation. Not to mention, AI agents can now step into many kinds of roles that humans will never want to perform. They may help DAOs live up to their name by making them truly Autonomous. The design space for new DAOs is infinite, for they are just software. What new experiments are people running?

As an immigrant to America, I could not be more grateful for the opportunities that it has given me. I love this country like it's my own. Incredibly inspiring video from the @ufc. 🇺🇸🇺🇸🇺🇸

The African immigrant on the left has founded seven companies, directly and indirectly created 800,000 good paying jobs, created thousands of new American millionaires, developed reusable orbital rockets and brain chips that are giving independence to paraplegics, saved free speech, and can’t stop talking about how much he loves America. The African immigrant on the right married her brother to commit immigration fraud, facilitated the theft of money intended to feed hungry kids, has used government to enrich herself, praises terrorists, and can’t stop talking about how much she hates America. Leftists want the African immigrant on the left punished with punitive taxes and deported, but will try to run over law enforcement and get shot in the face in support of the African immigrant on the right.

Ressentiment — when the weak, who cannot bear to compare themselves to the strong, take out their envy on them by redefining strength as morally wicked and weakness as honorable, humble, and good. Ressentiment feeds our society's corrosive impulse to limit its own potential. The weak drag down those who are strong—along with everyone else—so that we may all share in equal mediocrity. "Equality of outcome," as the socialists say. Ressentiment is the cultural inferiority complex from which the Socialist-Woke mind virus spreads. It's why we are afraid of successful entrepreneurs and gifted students in schools. They force into view the uncomfortable truth that some individuals are uniquely capable of greatness. The fallacy is the belief that it's a zero-sum game, that one person's success necessarily comes at the expense of another's. There may be no cultural mindset that is more destructive to civilization.

.@BernieSanders , it is a time to celebrate. @elonmusk has created enormous value for society by building @SpaceX, driving down the cost of rocket launches and creating a global satellite communication network that has brought high speed, low-cost internet and communication access to hundreds of millions and eventually billions of people along with critical advantages for our military and our nation’s defense. SpaceX and its technologies will cause an acceleration in the growth of wages and wealth creation globally, including in some of the poorest communities in the U.S. and around the world. Access to low-cost, high speed communications everywhere will allow children around the world to be educated, families to build businesses, and life-saving medical knowledge and care to be available everywhere. SpaceX will materially bring down the cost of compute, advancing AI and humanity. Meanwhile, 4,000 SpaceX employees yesterday became millionaires, including hourly wage employees who you claim you are trying to help. The Elon Musks of the world drive growth, global GDP, and provide access to goods and services at lower cost that would otherwise not exist. Elon’s nominal trillionaire status is due to his ownership of SpaceX, Tesla, Neuralink, the Boring Company and his other initiatives that have brought new technologies that improve our everyday lives. Elon is not sitting on a trillion dollar pile of cash, jewelry and gold. He is using his controlling stakes in his companies to advance mankind. Elon’s companies don’t pay dividends. They reinvest all of their capital to accelerate innovation and value creation. Elon is working 24/7 for all of us. He deserves respect and appreciation, not smears. Bernie, your socialism would never allow a SpaceX to be built. Socialism has only proven to impoverish mankind and lead to death and destruction. We need to create the conditions for more SpaceXs to be built, not attack the great entrepreneurs who are helping to advance our country.

If the socialists had their way, Elon would have had his paypal profits taken and redistributed for the greater good. The world would never have seen Tesla, nor SpaceX. And the world wouldn't know it, because they were uncreated, and thus unseen. Imagine the companies that don't exist, because Washington destroyed them before they were born.

My new behavior on any X article is to hit Grok summarize. 90% of the time — that’s it, done. Most of them are slop. So new communication protocol we’ve landed on: simple idea => grok expand to 1K words => grok re-compress => simple idea

Beyond excited to be investing in and partnering with @YuvalRooz, @wesarn_real & @ShaulKfir and the entire @digitalasset team. In my brief time working with them, the three adjectives that best describe this team are: tenacious, pragmatic & visionary. These qualities are what’s required to help shepherd the largest, most sophisticated financial institutions onto blockchain infrastructure. Let’s do this!

@LoganJastremski You should not build decentralization “for its own sake.” You should build it for what it’s good for—building shared infrastructure that even parties who are mutually distrustful of one another can trust and build on top of. The point is credible neutrality.