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Jensen, so you know, you’ll always have a home in web3. There is quite literally nothing you could do that would prevent you from having a home in web3.
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BTC may be at the same price it was 5 years ago but it’s not like there’s been any other world changing technologies to invest in during that same time frame
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Two things I’ve been thinking about regarding AI:
• People often highlight the risks involved in AI, which are surely very real. I’m struck, however, by how hard it is to understand the contours of the positive scenario. There are easy-to-perceive and frequently invoked elements of a positive vision — more diseases cured, more material abundance, etc. — which sound great, but these are by themselves just ingredients. I’m curious what the larger equilibrium is supposed to look like. Do people work? If so, why? What is their marginal contribution? If not, how are resources allocated? What is scarce? What is the ratio between humans and AIs? Are humans in control, whatever that means? One sometimes hears the Culture novels invoked as one scenario, but I’m not sure they depict a desirable outcome. (AI runs everything and humans compete in games? Iain Banks himself said that the humans in the Culture are “somewhere between passengers, pets and parasites.”) There is Richard Brautigan’s famous poem, but do we want to be “returned to our mammal brothers and sisters”? (Isn’t that rewinding Genesis?) We could say that it was hard to imagine the world of 1900 from the vantage point of 1700, and that’s assuredly true. But nobody in 1700 was trying to recast humanity itself within a couple of years — things necessarily unfolded slowly and by increments, and therefore with the possibility for error correction. Given how rapid the rate of progress in AI may be, it feels strange for the upside case to be so opaque.
• There is increasing discussion of whether AIs are conscious or how we would know whether they are, with conclusions there often assumed to be relevant to matters of moral worth. At first blush, this seems a rather arcane, benign, or even absurd issue. (Remember the response to Blake Lemoine’s fears.) Setting aside the terms of the debate itself, or the relevant demarcation criteria, it seems to me a quite high-stakes question, for an affirmative answer — that is, granting moral worth to AIs — would presumably mean that the aggregate worth of AIs would soon outweigh that of humans in any utilitarian calculus. The AIs will be exceptionally wise and intelligent, and vastly more numerous (especially once one considers the imminent future and the AIs not yet born). As such, even epsilon of moral worth will multiply to a lot once one considers the quadrillions that could soon exist. (This is effectively a distributed version of the Nozick’s utility monster.) If this conclusion is unpalatable, I think one of three propositions needs to be rejected: the premise AIs can have moral worth; utilitarianism itself; or the belief that there is even a possibility that they will be far more numerous than humans.
With both of these matters (contours of future society; AI moral worth), there is the possibility of dramatic change. Today, people argue about datacenters. I’m curious how popular support for AI will evolve as more people come to understand these medium-term questions and the relevant stakes. What is the vision for AI that most people would be excited about?
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Creating net-new gold with alchemy is becoming real. The lab grown diamond industry is growing rapidly.
But you can’t invent anything that will increase Bitcoin supply. There will only ever be 21M.
flopipop retweeted
On earnings, $LIT still trades at ~2x $HYPE multiple tho
Same supply and valuation methodology for both, September earnings annualized, with Lighter’s buybacks used as proxy for its earnings.
flopipop retweeted
No where safe to hide anymore
> Software at risk of being disrupted by AI
> AI at risk of getting commoditized
> Gold at risk of being discovered on asteroids in Space
> Bitcoin at risk from quantum
> Quantum computers at risk of being blown up
> Cash at risk of inflation
Ahh
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Hiding your coins in a bunker won't save your blockchain. Given the risks AI poses to fundamental cryptography, I propose every chain implement a "cryptographic recovery mode":
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Three years ago today, Hamas terrorists tortured, mutilated, and murdered 1,200 innocent civilians in Israel.
Among those slain were men, women, and children — including dozens of Americans.
We will never forget this act of barbarism against an ally and recommit ourselves to the defense of civilization.
flopipop retweeted
This is one of the WORST recovery plans I have ever seen.
Ostium basically asking holders to gamble on the company’s future. This isn’t it.
you will get 1k back even if you lost millions
They raised 24m under a year ago btw. Criminals.
On July 15th, Ostium was attacked and roughly $23.75M was taken from the vault. OLP holders bore that loss, and for the two months that followed, you heard far too little from us. That was a mistake, and I take responsibility for the silence.
We started Ostium four and a half years ago, right out of college, because we believed Real World Asset perpetuals would be the next killer product to come out of crypto after stablecoins. I believe that as much today as I did then.
We pioneered the category. Before the attack we had the second-highest open interest among RWA perp venues and a strong base of core traders. But we were also spread across too many competing priorities, and had begun working to refocus the protocol.
The attack forced a decision. We could try to restart everything we'd been doing as quickly as possible, or we could use the moment to build a more focused company. We chose the second. That took longer than it should have to communicate, because recovery, resource allocation, and the future of the business all depended on the same question: what company are we building from here?
In trying to have every answer before we spoke, we left you without the information you needed at the moment you needed it most. That made a hard situation worse.
I know there's been a lot of speculation about what we were doing. We went quiet, but we didn’t go anywhere. Since July, the team has been developing the next iteration of our trading stack from the ground up, rebuilding our operational and legal footing, and working through significant setbacks, all while sharpening Ostium into a more focused company.
I know this plan isn't what many of you hoped for, especially those with larger losses. Meaningful recovery can only come from Ostium's growth, and Stage 2 will give affected holders a stake in it.
Thank you to our team, and to everyone who waited for answers you deserved sooner. Our core leadership and senior engineering team remains intact and more committed than ever.
Going forward, we will build in the open. We’ll share technical details early on, and will be more incremental than polished. We won't wait until every answer is in hand.
We took a hard hit, but we're very much still here. Tomorrow, we'll share what we've been building since July and where Ostium goes next.




























