Gavin on why the hyperscalers are under-earning: " I literally spoke to a company this morning who rented a cluster of several thousand Blackwells at somewhere in the mid $2 per GPU hour,  and this is one of the sexiest startups that people want to be in business with. They're renting the exact same cluster, and they're hoping 7 months later to pay just under $4. That's pretty crazy because a really gentle decline in prices would be bullish. Instead, we're up, depending on the starting point, 50 to 60% in six or seven months. And there have been so many anecdotes like that. One of the inference clouds, I think it was Baseten, they went on a podcast and essentially said, "We are planning to pay 100% more for Blackwells when our contract expires. And that just means that essentially all the hyperscalers are under-earning. My main mission out here this week is: tell me something negative."

JUST IN: Shareholders of Mark Moss-backed British #Bitcoin# treasury company Satsuma Technology ($SATS) have voted to sell all of its remaining 668 BTC, return capital to shareholders, and shut down the company.

why Naval deleted his calendar, ghosts everyone, and refuses to be anywhere at a specific time Naval: "I read a blog post by Marc Andreessen where he said don't keep a schedule. And I took that to heart. So I deleted my calendar and I don't keep a schedule. I try to remember it all in my head. If I can't remember it, I'm not going to add it." "I have a nasty email autoresponder that says, I don't check email and don't text me either. If you need to find me, you'll find me." "My wife knows not to ever book or schedule me for anything. I'm not expected to go to couples dinners. I'm not expected to go to birthdays. I'm not expected to go to weddings. If somebody tries to rope her into having me show up, she says he makes his own decisions. You got to ask him directly." Chris: "Are you not killing serendipity in a way?" Naval: "No. I'm freeing up all my time. So my entire life is serendipity. I get to interact with whoever I want, whenever I want, wherever."

Regarding the recent buzz around my profile picture changes and some feelings that the Base community isn’t being supported enough: I appreciate the feedback (even if tough to hear) and I realize you wouldn't take the time to respond unless you cared. It seems I wasn't clear enough setting expectations for all of you, so let me try and do that now: please don’t follow my personal X account for investment advice or signals around individual coins. I’m simply posting things I find interesting or funny on the internet. I may not even be aware if there is a coin or project attached to the content I'm posting (you should assume I'm not, to be safe). My posts and profile pics are also not endorsements or commitments to anything. Base is our shot at building foundational infrastructure for financial services where we can all innovate together. That includes tokenized stocks, borrow/lend protocols, stablecoin payments, etc and yes even meme coin trading. I believe in economic freedom, and support you trading whatever you want. Just realize that if you're treating my X account as alpha, you are doing so at your own risk, against my wishes. I would never recommend this. On the topic of “support” from the Base team or Coinbase, there seems to be confusion around this too. There are many tokens we would like to list on our centralized exchange, but can't for compliance and regulatory reasons. If you want Jesse or me to pump your bags or shill certain coins, we're also not going to do that. Here is what we are committed to on support: we run in-person Base Batches and issue grants to high potential builders, Coinbase Ventures and the Base Ecosystem Fund also invest in the most promising companies building on Base, and we periodically integrate promising Base defi protocols into our products at Coinbase which enhances distribution. I might even mention something on X if I think it's interesting, but again, this is not investment advice. In general, we bias toward supporting projects that we believe will create long term customer value. You may like this approach or you may not, but either way hopefully it creates clarity going forward, so you can decide what you want to do. I respect your choice, either way. P.S. I still might post memes if I think they are funny! It's still not investment advice.

We've heard your feedback, and it's time for @base to give the trenches the support they deserve. To kick it off, I'm launching my creator coin. With infinite content coins to follow. Base trenches you are heard, and we are coming $JohnnyTVL