i am whatever crypto needs me to be

cyberspace
Joined September 2011
sacha retweeted
Who pays for proof of work? Not the miners. They spend fiat on electricity, then sell what they mine to keep the lights on. The cost moves, quietly, to everyone holding the token. ORE was born with proof of work. @HardhatChad explains why it had to change, and how virtual mining plugs the value leak so what miners spend flows back to holders.
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sacha retweeted
On top of this, 67% of hashrate comes from 3 countries…..the United States, China and Russia. Supply chain wise, 97% of all mining rigs come from two companies…Bitmain and MicroBT. Anyone can hold native BTC. Far fewer can compete to produce it. That distinction matters because a future in which most people can only buy what industrial operators mine offers a narrower form of participation than the language of a monetary revolution suggests.
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sacha retweeted
Is there anything a solana dev can’t do?
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sacha retweeted
A new paper found that 88% of venture-backed founders receive zero exit value VC makes sense for a narrow set of founders. But for most, it's a bad fit bc it locks up founder liquidity - all for a slim chance at a unicorn outcome MetaDAO offers a more founder-friendly path 🧵
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a SoV does not have to be the asset that is used to power consensus same way that gold doesn’t have to be the electricity that powers the vault the sooner you realize this, the sooner you’ll understand why ORE matters
Solana can’t. A single ore user with a copy of solana state, really just the ore state, can create a hard fork at any time and continue ore from the moment of the “rug”.
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sacha retweeted
regardless of the protocol/mechanics/etc, it is extremely bullish the amount of people that came into this thread and argued their bull case for ORE building a cult following is something most projects dream of having but most cant do it. $ORE appears to have done it very well respect where respect is due
I really really want to like ORE but I just dont really see the vision its cool for what it is and I think the mining mechanism is extremely novel, but I just dont see how it can truly become a SOV I know a lot of smart people who like it a lot so im prob mid curving it but idk
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sacha retweeted
People often want to ask me if their startup idea is good, as if my opinion means anything. I think 99% of ideas are good if the team can execute well. The problem is, 98% of teams fail at execution. So, no need to sell me your idea, show your execution.
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sacha retweeted
Melania would literally rather end a global conflict than drive value to her token 😤😤
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sacha retweeted
"Both these guys could go work at whatever fund they want. They could have higher status and a less stressful life. They could maybe even work with more normal people But they chose MetaDAO They chose to grind every single weekday and weekend to bring about something new"
Shout out @mitchellsniffle & @lbolord Both these guys could go work at whatever fund they want. They could have higher status and a less stressful life. They could maybe even work with more normal people But they chose MetaDAO They chose to grind every single weekday and weekend to bring about something new They chose to get rejected and told no to - again and again and again and again They chose to do weeks of work only for a founder to "feel differently" days before a launch They chose to sell a vision that most of the world does not yet see and many think is a straight up ludicrous They chose this path not for money nor fame, but because they believe They believe in MetaDAO. They believe in what we are building. And they believe that if we succeed, the world will be a better place because of it This vision is what drives them and the rest of the team. Even in the dark days when the future seems far away
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sacha retweeted
Good question!
Did Hinton also think his phone was alive when it suggested different words based on the letters it saw?
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sacha retweeted
Alpenglow mode on RipCars 🏎️ 😭
EVERY 2ND RIP = 100% BUYBACK 🤑 For the next 24 hours, every second pack you open on RipCars will have 100% buyback value Pull your lucky 2nd: app.ripcars.io
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sacha retweeted
Gali morning! ⛏️ The waitlist is open at gali.lol, public launch soon! Are you coming to the island? If so, bring your pickaxe! Follow @Gali_Game $ORE
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sacha retweeted
Vitalik’s scaling vision, a short story here on X…
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sacha retweeted
Are you in the waitlist fam? Team is putting in work with @Gali_Game and it’s showing. Fun game to mine solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp while running into your frens in a nostalgia filled open world pixel game See you soon miners! ⛏️🏝️
Gali Morning! waitlist is OPEN gali.lol secure your mining spot now!
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sacha retweeted
i am in crypto
The word “crypto” is still a red flag. Adding “backed by a16z crypto” to our website and X actually did more harm than good. We scrapped it a long time ago. If you’re still using “crypto”, it’s time to pivot.
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sacha retweeted
More interesting than the first tweet
Replying to @RothRottweiler
vulnzero. the scaling laws will have driven cyber mythos-class capabilities into small, cheap models and all software dev everywhere will be using models for fractions of pennies on the dollar to stop shipping security bugs permanently.
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sacha retweeted
Established companies will at best adapt to AI. Newly founded startups will be AI-native from the start. This is an interesting example of a company in the middle, which (by great effort) remade itself as an AI-native company.
We built a $150M ARR business twice. The first time took 8 years. The second took 2.5. Today, Podium crossed $150M in AI annual recurring revenue. Three years ago, we already had a great software business. Well over $100M in revenue, tens of thousands of customers, and a product we'd spent nearly a decade building. And we decided to start over. The business was performing well. But we believed AI was going to fundamentally change the software industry and make much of traditional software obsolete. As a founder, you pour your life into what you're building. An insane amount of time, sacrifice, and effort. The hard part is not getting too attached to it. When we started building our first AI agents, we had to confront the possibility that much of what we'd built might not be that valuable in the future. That's a tough pill to swallow. But we also realized those same 10 years had put us in a unique position to take advantage of what AI could do for our customers. Instead of protecting what we'd spent a decade building, we decided to bet the future of the company on AI employees that actually do the work for our customers. We massively underestimated what we'd signed up for. We ended up building entirely new operating systems for the industries we serve, from the AI agents all the way down to the systems of record. Now customers run their entire businesses on Podium. Reinventing our product wasn't even the hardest part. We had to reinvent how the entire company operated. When you've been running a company for over a decade, the operational inertia is incredibly powerful. We had to rethink how we build products, how we sell, how we serve customers, and how we run the business. We effectively started a second startup inside an already successful company. And we're still at the very beginning. Today, we have 20,000 AI agents working for our customers. They've helped generate more than $13 billion in revenue for those businesses. And we're barely scratching the surface of what AI will be able to do for them. And we've done all of this while becoming profitable and generating free cash flow. We're building Podium to be around for decades. Huge credit to our team for having the guts to make this bet and the ability to actually pull it off. We still have a long way to go and tons of problems to solve, but it's so damn fun to be winning when the opportunity ahead is this big. In the age of AI, you can either disrupt your own company or wait for somebody else to do it. I'd rather do it ourselves.
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Formal verification is cool and all… I’m not saying *not* to do formal verification, but I’m saying to do memory safety first.
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Unhinged product
Introducing Bitwater: the water heater element that mines Bitcoin. It screws into the electric tank you already have. Physically decentralized mining that runs no matter what 🧵 Heat water. Mine Bitcoin. Same tank.
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