Threadguy says crypto OGs were trading against plumbers and wouldn’t last in today’s era "Alt season bro? The fabled alt season where every altcoin goes up 20x and it just has to happen this way? 2017 ICOs?” “Some of the best were the best don’t get me wrong. But it’s like, wake up unc, cented owns 60% of the supply and he’s dumping on your headtop. Every new narrative is controlled. The game has evolved.” "The new game is not gonna happen on Twitter. Gone are the days where you have influence just because you've been here for ten years and you're a funny poster.”

Chamath says OpenAI and Anthropic could be $5 to $10 trillion companies each if they remain a duopoly "I suspect revenues are going to crank at OpenAI and Anthropic and the open labs for a while. But again, that's not the important thing." "If you're thinking about valuation, the markets will look five to 10 years out to answer that question, they're not going to give you a premium valuation on something that they feel could be fragile in the first two to three years." "Somebody has to answer that question precisely. Because if the answer is that it is a duopoly, then there is no risk to the revenue five to 10 years from now, these things are $5 to $10 trillion companies each." "But if there are harnesses that cut the token consumption, because you stop wasting tokens to get to the same output, then it's a little bit more of a question mark. And I think that'll need to get sorted out."

Martin Shkreli reveals what separates great traders from everyone else "Traders are risk managers, fundamentally. Alpha is critical, but you cannot be a trader without excellent risk management." "You have to be able to get out of a losing position, which for so many people is really hard to do. To a great trader, it's very easy. But you also have to be able to resist lots of different impulses. You can't be impulsive. "That's why not many people are great traders. If anybody could be a great trader, you could easily get to a billion dollars in your personal account, but it's very hard." "Bad traders will either change their mind too quickly, or never at all. Eventually, enough stubbornness will lead you to bankruptcy. But if you unloosen that screw too much, that's not very good for stocks you really believe in that could go up 10 or 20 or 30X." "Good traders know when to get off the ride and not overstay their welcome, which I recommend after a 10x, 20x, 30x. You don't need the last 2x, you got most of it." "You're not paid to calculate, analyzing, channel checks, modeling, research. You're paid to make this line of PnL go up. That's the only part of the job that matters. It doesn't matter if you were right in the long run. All that matters is this line going up."

Chamath reveals his company's AI token costs are doubling every 45 days but productivity is only up 5% "I sat down with my CTO today, I said how are we doing on token spend. And he said the most incredible thing, he said right now, our token costs are doubling every 45 days. I said well what is the downstream productivity? And he said maybe 5% max." "So my costs are doubling every 45 days, my upside is essentially flat. He said honestly, what we're finding out is that you need to use a lot more tokens to get to this next iteration of improvement because we've effectively already asymptoted." "We're going to take a step back and try to figure out what to do. I don't know how many other companies will actually go through this reckoning now, but the point is everybody in the next three or four years will for sure go through it." "I suspect that if you can get out now, you should get out now before all of that starts to seep into the water table. Because I think that's probably what allows you to get out at a huge price and raise a huge amount of money."