Do you care how much time went into the task, or that it’s right? Everyone says right. But time spent is how people actually ascribe value, and that’s becoming less true with AI In industrial processes nobody argues you should burn more inputs to prove you care. In discrete complex tasks…TBD Sometimes you do need the time to understand the thing. But craftsmanship isn’t a function of time as much as taste. Time and quality can decouple, and will decouple more with AI Though the premium won’t disappear everywhere. Brands have sold “hand made” for decades and someone will sell “no AI” the same way

If it’s good writing or product, who cares if it’s AI-generated? If you find value in it, that’s the most important thing The downstream impact of this is more people will publish and capturing attention will be harder Attention economy folks - if you can capture it, good for you!

"The people who eventually break world records, win Nobel prizes, and dominate grandmaster chess were total generalists early on." this is interesting. being a generalist young is really just being very curious, and curiosity is the thing that eventually disappears in most people. school and social media don’t help…neither one rewards curiosity. they train you to switch to instant gratification instead AI is probably the only tool that delivers the instant gratification and preserves the curiosity chat gives every kid a tutor who never runs out of patience. no question is stupid, and they’ll ask things they’d never raise a hand for code gives them an engineer. it feels damn empowering to watch your own idea come to life agents let them ship it and focus on the things that matter most i believe more kids will stay curious longer, because they can pursue many more interests as far as they want before picking one. that used to cost a lot more time and money and moreover, many more people are rediscovering their creative side and becoming curious again with AI

I’ve said this before and will say it again (I’ve seen many good soldiers killed by it): Leverage should be understood as an accelerator of time rather than a multiplier of risk. I am almost certain the person cranking it to 10x isn’t sitting there thinking, “I would like ten times the variance.” Nah, he is thinking: I have 100K and I just cannot tolerate how fucking long the unlevered path to 1M takes. The algo has completely fried our sense of how long that path is supposed to take. It disproportionately feeds you the 20-year-old who supposedly made $30M or the token that hit 100x overnight, and now with social trading you get to watch all of it happen live. So you end up recalibrating your clock against outliers. Add to that the fact that we are now being called uncs and plumbers at 30, and suddenly making it at 35 feels mediocre. It’s all a lie.....DO NOT believe it.....It’s an artificial deadline for success created by capitalist propaganda. If you are thinking or using leverage, understand what the actual fuck you are getting into. The more leverage you use, the less room there is for anything to go wrong. At zero leverage, being “right eventually” can still make you money, but as you crank it up, “eventually” starts disappearing. Being right on direction is no longer enough if the move happens too late or price takes the wrong path before getting there. And it gets worse once you understand ergodicity.....If you are a leverage junkie, you probably haven’t heard the word, so let me introduce you to it: Your outcome is determined by the sequence you live through, not by the average across hypothetical outcomes, and if one event in that sequence wipes you out, everything that could have happened after it becomes irrelevant. So when you say, “I only have a 10% chance of liquidation,” you are usually thinking about that trade in isolation. But you are going to trade again and again.....keep introducing a small probability of terminal failure into a long enough sequence and eventually that probability has a very good chance of finding you. Which is why the obsession with being early in life becomes so destructive. It makes you waste the one thing you have in abundance: future attempts. Do not collateralize them through leverage because you think you are running out of time. Get rid of that moronic idea.....You are not old at 30, 50 or 60.

listening to this week's All In Pod. They discuss the initiative to create a Self-Regulatory Organization (SRO) for AI It got me thinking…why haven't we created a SRO for crypto? I’ve been calling for industry-led best practices and self-regulation. Calling all crypto lawyers and reg experts to tell me why this is a bad idea…or legitimately the best path forward SRO seems like a way to get ahead of the most important issues: fair disclosures and consumer protection to promote market integrity

Citadel: AI Spending > AI spend per employee rose nearly 50% MoM in July among the top 1% of firms > AI spend per employee rose 25% MoM in July among the top 10% of firms Tokens are getting cheaper and spending is going up... $NVDA $AMD $GOOGL $AMZN $MSFT $META

This is actually insane. The website has HUNDREDS of FREE Grok Bots available for download. I went through the entire site and dug out the top 10 BEST Grok Bots you need to install now. 🧵: 10 Insanely powerful Grok Bots (install prompts included).👇

🇳🇱 A robot called Aletta is now drawing blood completely on its own. Using AI and ultrasound, it finds the vein, inserts the needle, takes the blood, removes the needle, and puts on a bandage. No human hands required. Up to 98% patients said they would do it again. It's already being used in several Dutch hospitals. Writer: Sol

Tokens aren't dead, but we need better disclosure standards. @santiagoroel says better disclosure standards could give investors the confidence to put substantially more capital onchain.

Ethereum is the federal government and instead of charging 30% tax it charges 1% and lets states and counties charge the bulk of the tax Security is the most mispriced asset in blockchain land federal states can make it hard for citizens to leave and few (ie US) can enforce worldwide tax - as a US citizen you pay the tax because they can use violence against you blockchains can’t and never will they are by design open source and easy to leave, so they will always struggle to grow GDP via taxation Users (builders and user aggregators) will always have an incentive to leave and go to a tax friendly jurisdiction once you get taxed any amount because they control the user. So Ethereum and others can’t tax too much I don’t see an easy solution to this problem other than being an integrated chain that owns the user relationship and can monetize the flow and enforce some control of who enters and leaves Robinhood can do this Stripe can do this Infra crypto-native providers can’t And if that’s the case then what’s the point of blockchains if you have a single entity that controls it. Databases all the way down. Robinhood is simply replacing citadel and monetizing the flow themselves via robinhood chain - as they should