People are confused about semis dumping and gpu spot price increasing. This is only because demand is moving to open source models, and all the GPUs are being hoarded by the big labs or stuck under commitments, so GPU on the rental market absorb the demand. IMO SpaceX will drop the race, and will fully pivot to compute provider. Thesis is the same, frontier is platauing, reward on training is getting lower, and all of a sudden big labs hoarding gpus will rush to capture the inference margin before it collapses.

It’s a bit brutal but BTC is probably going to be the big winner of the AI revolution. I don’t think it will suffer any hacks, the scripting language formal verification is very advanced and work in formalizing the protocol too. Nodes running on different hardware make it very robust against hardware vulnerabilities, and their sources are probably one of the most audited code in the world. Combine that with self sovereignty which protects against political backslash from K shaped economy and acceleration of margins flowing to capital, I don’t see much else. To be honest this is my macro view but it’s a pretty grim one.

Had to go to emergency during the heatwave: they were bringing in dehydrated boomers one after the other, around 70% of patients, 10% drug addicts, 10% of random “felt a pressure in my chest” or “my balls started hurting”, 10% was injuries that needed urgent care. Aging population, free healthcare, and good pay but taxed to death compensation for medical staff is a recipe for disaster.

The good thing about using state of the art AI tools everyday, is you know in advance how consumer adoption will play out. I have battled with my assistant for a year now and this shit isn’t easy to make it run correctly, that plus second order effects like AI speech fatigue or context switching burnouts

People are going to realize it takes a frontier human to extract productivity out of a frontier model, and there is simply not enough frontier human to compensate for the capex relying on revenue from training frontier models (yes if you remove training compute demand the whole thing is unprofitable already, and that’s before token price depreciation). Put it simply, demand for intelligence isn’t infinite and is in the shape of a bell curve, and cheaper models are slowly eating their way into the bell curve, leaving frontier training cost rely on a smaller and smaller tail of intelligence demand. In the end you are left with a billion dollar training run which only use is to solve Navier Stokes, because all the other tasks that are useful for the current economy can be run on cheaper models

I’ll be running a script and blocking any retards thats talking about wallet flow, tagging me and ruining my X experience. Worst signal to noise ratio, literal vermine that brings nothing of value to this app. I used to come here and have valuable discussions and now I don’t even want to open this app anymore. I never talk about trades, and any wallet that’s supposedly mine is pure speculation.

This is the monthly hack *count* taken from @DefiLlama. Hacked sum doesn’t matter to me because it depends on market cycles. This thing will keep increasing, and it will keep increasing as rogue actors explore thousands of exploit paths in millions of lines of public code. A literal Armageddon of hacks will hit crypto and send the R/R to negative territory. We can get out of this stronger with a small number of extremely resilient chains and protocols but we will go through a very weird time for a while.