foobar/

🧵On Privacy 🧵 You may have heard of TornadoCash, Monero, Zcash, Decred, or SecretNetwork. Sounds complex, fringe, and unnecessary. Are they truly private, do we even need privacy anyway?

@blake658117 @gauravahuja Nope, just yours. It's complete drivel If Anthropic/OAI were worth $5T, they would raise at $5T. They are not. Everyone in the whole world thinks their investments will go up. Sometimes they're right, sometimes wrong. Applying a random 8x premium is still retarded

@0xfoobar @gauravahuja I think this post went over your head..

One of these two groups is mispriced Private AI labs: OpenAI valued around $840B, Anthropic north of $600B on secondaries. Both at 30x+ ARR. Public giants: Microsoft at ~$3T on 23x forward earnings. Amazon at ~$2.3T on 28x. Microsoft likely owns ~25% of OpenAI. Amazon likely owns ~15% of Anthropic and ~5% of OpenAI If private investors are pricing these labs for a $5T+ venture-style outcome then… Microsoft’s implied stake in a $5T OpenAI is $1.25T embedded inside a $3T company. Amazon’s combined stakes embed roughly $1T inside a $2.3T company. Publics too cheap on Al exposure? Or privates/secondaries in bubble territory? Which breaks first?

@usenaive Forgive the ignorance, but "Before opening Claude Code, you must first spin up Rippling and health insurance for your tmux window" seems like a bug not a feature

Introducing Naive - hire autonomous employees with their own identity. Own compute. Own bank account. Own legal entity. Own email. Own credentials. Own mobile. No humans-in-the-loop. They sign up for tools, pay for services, deploy apps, file documents, and run your entire company. Describe a business. Naive runs it. Reply "Naive" + RT. Get $100 credit for free.

I think this will be looked back upon as a rubicon moment for the ultimate death of legacy journalism institutions Historically they've moved from trust to slander to quote modification lies, but now openly and shamelessly pushing completely fabricated interviews

@wassielawyer worked for paradigm but yea not in the general case

hilariously this is accurate across the stack. VCs becoming builders are about as bad as retail becoming VCs and founders becoming traders. Everyone Dunning-Krugers into thinking they can eat someone else’s lunch. The beneficiaries are the intermediaries.

@parkerconrad respect for dogfooding your own product

Rippling launched its AI analyst today. I'm not just the CEO - I'm also the Rippling admin for our co, and I run payroll for our ~ 5K global employees. Here are 5 specific ways Rippling AI has changed my job, and why I believe this is the future of G&A software. 🧵 1/n

What if top signals are simply peter principle + mean reversion

@gakonst congrats 🫡

We just launched Tempo Mainnet & the Machine Payments Protocol. Last 5 years our team also created: - Reth: high performance node SDK for Ethereum L1 & L2s. - Foundry: testing framework used to deploy/test >$100B in DeFi. - Wagmi/Viem: Typescript for all crypto web apps. AMA.

@kirbyongeo There's a cool new app called Blur that's on the rise

WE NEED A GOOD OPENSEA ALTERNATIVE ASAP can’t be funding their OPULENT lifestyles with NFT transaction fees while they delay their token airdrop yet AGAIN

@typedfemale gstack is even better than claude

paul graham (specifically jessica) is going to ask garry tan to find someone else to run YC if he's going to work on garry's list full time

Prior administration's SEC (both under Biden and under Trump before) destroyed tens (arguably hundreds) of billions of dollars in value, punishing consenting adults for making their own financial decisions, in what is allegedly a free country that allegedly permits and encourages entrepreneurship, risk taking, and individual responsibility. The consequence of Gensler's SEC was, most obviously, a substantial reduction in entrepreneurs' willingness to attempt token designs of authentic utility. The flourishing of utility tokens post EVM (2016-2018) came to an end under fear of persecution. In its place, an era of memecoins and even greater scams that went entirely unprosecuted until post-collapse, like FTX. "If you try to build something of utility, we will ruin your life. If you make dog meme, no prob. If you steal $10b in customer money outright, we'll ask you for input on upcoming bills in DC so long as you donate some of it to our campaigns." The current SEC is materially better. Today's guidance is good, not because it is "clear" (ambiguous liberty is superior to clearly defined oppression), but because it recognizes limits on its own power; because the scope of tyranny over an allegedly free people is lessened. Importantly, what's new here is correct exclusions from security-definition of both "Digital Collectibles" and "Digital Tools". The latter aka utility tokens, so often persecuted under Gensler's regime. Digital Collectibles and Digital Tools are each massive categories. Huge, open territory for innovators to once again explore. To the current SEC, thank you for improving toward the ideals of what makes America good. I encourage anyone who was persecuted by the prior agency to post anything you feel comfortable sharing in the comments.

Crypto has 2 huge concurrent tailwinds: - every asset is coming onchain (native/wrapped/perped) - agents fix the UX problem Better assets, better products

@VannaCharmer oh no

It's hard to believe this is a real photo

@divine_economy Never let Aya Miyaguchi touch your stuff

asking this strictly as a graphic designer: who is the intended audience here? i feel like i'm in an AI-generated crystals shop where some wispy white woman is about to tell me she wants to code her own dreams

The agent wallet fragmenation problem is worse than the embedded wallet fragmentation problem. No way is crypto going to convince AI/Fintech that crypto is the future of agentic commerce with this.

I know there is some overlap between open source and anti-AI activists, but I have a hard time reconciling it. My million+ open source LOC were always intended as a gift to the world. Yes, I would make arguments about how it would strengthen our communities, and the GPL would prevent outright exploitation by our competitors, but those were to allay fears of my partners to allow me to make the gift. AI training on the code magnifies the value of the gift. I am enthusiastic about it! Some people do look at open source as a tool for social change, career advancement, or reputation building, but those are all downstream of the gift.

All of these patterns as an example are just matters of “org code”. The IDE helps you build, run, manage them. You can’t fork classical orgs (eg Microsoft) but you’ll be able to fork agentic orgs.

Code and money are the two highest-leverage assets you can control Agentic investing will be just as powerful than agentic coding It’s a little tricky bc finance is adversarially adaptive (unlike code), but coming soon

@11AMdotclub great talking!

FULL CONVERSATION with Foobar, Founder of Circuit. – Why money is AI’s final frontier – Agentic investing as the next unlock – Execution as the real alpha – Where consensus agents fall short – How Circuit secures self custody automation