click retweeted
Well, initial plan was to tweet something about how relaxed and superior systematic trading is on days like this, but new algo engine suffered first negative day today.
Trading logic remains sound, but the infra broke a bit earlier today.
Given the elevated volatility today, several 429 error storms on Hyperliquid left some stale orders on the book which got filled at outdated prices.
It's fixed now, but just goes to show once again that infra and fixing edge cases is the whole game after the initial trading logic has been built.
There will be more of those in the future, and every time this happens, the system will become better and more stable until no edge cases are left.
click retweeted
this is basically the bitter lesson at work
the smartest models will need fewer and fewer tokens, they won't need to verify their work or check it for bugs, they will just be right
maybe a hot take but i now consider adversarial reviews mostly a waste of tokens. far better to use those tokens on empirical combined with formal verification. i have updated pstack to use the interrogate skill less, and eventually i think i may remove it altogether
i have found very little value with code review in the abstract, agents tend to just get lost in the nitpicks and yagnis
click retweeted
Visa making 10 bips on gpv means that in theory we could eventually convince visa to use solana because the cost seems even likely to be cheaper than their internal infra since it’s not fighting for the first 20ms of priority.
Why would everyone use someone else’s L1? They will if it makes them money and if they can always fork off.
That’s the whole decentralization play. It only makes sense if the L1 can sustain $50b in daily trading volume or 10ktps.
Basically that hits $1b in rev per year at 0.5 bips or $0.003 per tx. It’s a cost below the switching costs. The people complaining about this low of a fee are unlikely to have a viable business model at all. Maybe i am off by a small factor but its somewhere < 10 imho.
It works if costs are so low there is basically more value to be in the same L1 then trying to build your own. Which is why i think corp chains are ngmi. Its a good chain if its super cheap and if its super cheap the margins suck and ceo/shareholders doesnt gaf.
If smart contract crypto wins finance, it will be via one giant L1 that is cheap af and everyone uses, or a bunch of walled gardens that will get bolted down to maintain the margins.
click retweeted
After almost three great years together, Zoomer News and @velo_xyz are parting ways.
Working with Velo over the years has been an amazing experience and I am proud to have been a part of their journey. Velo charts are used industry wide; from retail punters to hedge fund managers, and it makes me smile seeing their charts on my timeline.
I look forward to continuing to build Zoomer News, and for our headlines to be as widespread as Velo charts are.
click retweeted
over the past few weeks, i got offered deals paying 30k-80k usd a month to promote some crypto apps on here
i must say i have been very very tempted to go for it as it feels like a lot of easy money for a formerly broke ass dude like me
when i created this account 3 years ago, it was mostly for fun and i never really expected people to give a fuck about what i had to say
i'm getting these opportunities thanks to you guys, so i wanted to thank you all for reading my yapping over the past 3 years
i decided to turn down all these deals mostly because i felt like i was giving up my freedom of speech and becoming accountable to a schedule and a company
imo the whole point of locking in for all these years was to be able to do whatever the fuck i want
to all of us winning
cbb
chinese AI companies have done a lot with their open weight models
deepseek v4.1 flash and glm 5.3 are very good models
buying a GPU rack is one of the best investments you can do rn
Canceling my cloud subscriptions, one by one.
Starting with OpenAI.
Will probably leave one Claude Max sub for the time being, but everything else is going to be cancelled.
2
132
click retweeted
Remember, a hack or, an outage, can happen to anyone. Schadenfreude is an invitation to visit destruction upon yourself.