Happy Nomad

Trump bombing Iran, Mamdani winning the NYC democrat mayoral primary, and Cluely's raise reveal a lot about the architecture of power. Attention → Speculation → Allocation is the new supply chain The bombing was yet again a Trumpian inversion of system architecture - flipping how information and decision-making traditionally flow and raising social media dynamics above all. Mamdani's win was very interesting for many reasons, but really highlights that attention is the path to institutional override (just like Trump, but from the other side). And Cluely is the synthesis of attention capture capability - and attention as a fundable asset class. Attention is the raw material of economic, political, and military action. But speculation is what operationalizes that attention: the bets people place (emotionally, politically, financially) on what narrative will become real. Link in next post! There is a Part 2 coming next week, so please subscribe for that.

pick your poison

Many problems can be solved by simply typing faster. Writing code? Type faster. Making slides? Type faster. Creating content? Type faster. Deals don’t work like this. They involve other people. But for a large class of problems, the only blockers are your fingers. Type faster.

“Crypto” Means “Cryptography,” not “Cryptocurrency” schneier.com/blog/archives/2…

My students asked me: how low does the price of Bitcoin have to go before “crypto” means cryptography again?

LIVE NOW -- Ethereum vs. Solana That’s the debate we’re having today. On Ethereum’s side, we have @Ethereum Researcher @drakefjustin, and on the @Solana side, we have Solana’s Co-Founder @toly They give us the good, the bad, and the ugly of each other’s blockchain, settling their endgame towards the end of the episode. We tried our best to give both guests time with minimal intervention. At times, it went well, and at others, it caused deep semantic rabbit holes. As we said before, this is likely our spiciest show. But overall, both guests were able to communicate their messages. Timestamps: 0:00 Intro 7:16 The Good 22:30 The Bad 52:03 Global Shared State 1:06:07 Economic Security 1:30:08 The Ugly 1:47:23 The Endgame 1:55:22 Closing & Disclaimers

When I say that Bitcoin is a currency of distrust, I'm just repeating what Bitcoin fans themselves say. There may be good reasons not to trust the banks and governments that create dollars, yens, and other currencies – but that doesn’t change the fact that the preference for Bitcoin is based on distrust of human institutions. Why is this an alarming development? Because the whole purpose of money is to create trust between strangers. Financial devices like currencies, bonds and shares – 90% of which are just data in computers – build trust between millions of strangers, who can then pool their knowledge and resources together, and cooperate. Humans control the world because we learned to do this. If we now lose trust in human institutions, this will limit the amount of money and handicap economic activity and cooperation. I hope that humanity finds a way to build trustworthy human institutions, instead of adopting technologies of distrust. #bitcoin #trust #distrust #crypto #currency #humanity #institutions #money #finance

AI-generated sad girl with piano performs the text of the MIT License

Looking for onchain poker. Basically want to play poker and pay with crypto from my wallet. Don’t want to do any signup. Where do I go?