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.
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.
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 🧵
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
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
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.
sacha retweeted
Melania would literally rather end a global conflict than drive value to her token 😤😤
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
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
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! ⛏️🏝️
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.
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.
sacha retweeted
Formal verification is cool and all… I’m not saying *not* to do formal verification, but I’m saying to do memory safety first.
So… is anyone running Filnix in production? github.com/mbrock/filnix/blo…




































