Hodligarch
18.1K posts

Hodligarch
@5hitcoindust
giga lacking highly ego-dissolved psychedelic influencer. Falcon Heavy pp
Tristan Da Cunha Katılım Ağustos 2020
532 Takip Edilen228 Takipçiler

@EastTexan @kittenaround_51 Do they make a jack that wouldn’t bleed?
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This guy used a car jack to lift an entire sidewalk and injected polyurethane underneath to stabilize and level it.
This type of job can cost all the way up to $25 a square foot.
But….. hear me out here, what if we just kept the jack in the ground and buried the $50-$100 jack right where it’s at? Wouldn’t that save a ton of money?
Could it work? Would it work?
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This is an email I sent earlier today to all employees at Coinbase:
Team,
Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the future.
Why now
Two forces are converging at the same time. We need to be front footed to respond to both.
First, the market. Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm. Crypto is also on the verge of the next wave of adoption, with stablecoins, prediction markets, tokenization, and more taking off. However, our business is still volatile from quarter to quarter. While we've managed through that cyclicality many times before and come out stronger on the other side, we’re currently in a down market and need to adjust our cost structure now so that we emerge from this period leaner, faster, and more efficient for our next phase of growth.
Second, AI is changing how we work. Over the past year, I’ve watched engineers use AI to ship in days what used to take a team weeks. Non-technical teams are now shipping production code and many of our workflows are being automated. The pace of what's possible with a small, focused team has changed dramatically, and it's accelerating every day.
All of this has led us to an inflection point, not just for Coinbase, but for every company. The biggest risk now is not taking action. We are adjusting early and deliberately to rebuild Coinbase to be lean, fast, and AI-native. We need to return to the speed and focus of our startup founding, with AI at our core.
What this means
To get there, we are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate: rebuilding Coinbase as an intelligence, with humans around the edge aligning it. What does this mean in practice?
- Fewer layers, faster decisions: We are flattening our org structure to 5 layers max below CEO/COO. Layers slow things down and create coordination tax. The future is small, high context teams that can move quickly. Leaders will own much more, with as many as 15+ direct reports. Fewer layers also means a leaner cost structure that is built to perform through all market cycles.
- No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams.
- AI-native pods: We’ll be concentrating around AI-native talent who can manage fleets of agents to drive outsized impact. We’ll also be experimenting with reduced pod sizes, including “one person teams” with engineers, designers, and product managers all in one role.
In short: AI is bringing a profound shift in how companies operate, and we’re reshaping Coinbase to lead in this new era. This is a new way of working, and we need to leverage AI across every facet of our jobs.
To those who are affected
I know there are real people behind these decisions — talented colleagues who have poured themselves into this company and our mission. To those of you who will be leaving: thank you. You’ve helped build Coinbase into what it is today, and I am sincerely grateful for everything you've done.
All impacted team members will receive an email to their personal account in the next hour with more information, and an invitation to meet with an HRBP and a senior leader in your organization. Coinbase system access has been removed today. I know this feels sudden and harsh, but it is the only responsible choice given our duty to protect customer information.
To those affected, we will be providing a comprehensive package to support you through this transition. US employees will receive a minimum of 16 weeks base pay (plus 2 weeks per year worked), their next equity vest, and 6 months of COBRA. Employees on a work visa will get extra transition support. Those outside of the US will receive similar support, based on local factors and subject to any consultation requirements.
Coinbase prides itself on talent density. Our employees are among the most talented people in the world, and I have no doubt that your skills and experience will be highly sought after as you pursue your next chapters.
How we move forward
To the team that is staying, I know this is a difficult day. We’re saying goodbye to colleagues and friends you've been in the trenches with. But here’s what I want you to know as we move forward together:
Over the past 13 years, we have weathered four crypto winters, gone public, and built the most trusted platform in our industry. We’ve made it this far by making hard decisions and by always staying focused on our mission. This time will be no different – nothing has changed about the long term outlook of our company or industry. And most importantly, our mission has never been more important for the world. Increasing economic freedom requires a new financial system, and we’re building it.
The Coinbase that emerges from this will be more capable than ever to achieve our mission.
Brian
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@pAggie1962 @harryjsisson If you're asking me this question because I'm Black then that's embarrassing.
You're not targeting me with race-specific questions, right?
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@cryptosymbiiote Why everyone still talks about 60k, even if we pullback from here, it is too soon to even talk about that.
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@saylordocs You could build a model that shows anything could be possible for any asset. So what?
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@Vivek4real_ The joke is on whoever is foolish enough to buy it.
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@Pledditor @saylor He already knows he messed up dealing with his initial custodian.
I'm sure he's working towards building his own custodial services.
On a realistic note, he'll never be able to get his entire initial lot back.
Paper BTC is a Bitch.
Still that doesn't cause me to lose faith.
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I'm not accusing @Saylor of anything, but when you purchase nearly ~3% of the BTC supply over the span of 1.5 years, and you don't move the BTC price, a reasonable person would be asking to see those proof of reserves.
x.com/i/grok/share/c…
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They buy OTC and on a TWAP or VWAP algorithm. Sending massive market buy-orders would slip the price against their benefit, why would they want to move the market when the primary objective is to passive accumulate. Especially when their goal is to continue buying more, the last thing they want is higher prices in an accumulation phase.
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@AIInvestorHQ True, but borrowers have to pay interest on the borrowed money. Then property taxes, insurance, maintenance, etc. all of those costs that exceed the rental cost of a comparable property could have been invested in the S&P too.
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@PeterLBrandt @MLB Maybe a “home run” breakout and then rejection at resistance zone around $84k-$86k above, forming a local top before next leg down? This is my hopeful scenario.
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Hey American Baseball fans
How may strikes does it take to be called "OUT?" bitcoin:native @MLB

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@CLCTRFND4U @willywoo @PeterSchiff @grok that’s funny, it’s actually the greatest performing asset of all time and it’s been traded for 15 years..go to your room and powder your mangina and cope
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@willywoo @PeterSchiff @grok Not an investment
it is shit
At best it's a collectable
But mostly it's a fantasy in its infantile form
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"The person it points to is gone"
No reason to not fork it out of the post quantum upgrade then, no way they're coming back. In fact, just redistribute it to all Bitcoin holders. They don't deserve it anyway, or they would have moved it. While we're at it, maybe 21 Million isn't enough. Maybe make it 120 million. In fact, if you're Bitcoin is over ten years old, redistribute those to.
Founding principles were just guidelines anyways, right?
Right?
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A cryptographer found a hidden fingerprint in Bitcoin’s earliest blocks that proves ONE person mined 1.1 MILLION BTC and never spent a single coin
That stash is worth over $115 BILLION today
In 2013 a researcher named Sergio Demian Lerner was studying the very first blocks ever mined on Bitcoin. He noticed something nobody else had spotted in 4 years
Every Bitcoin block contains a small data field called the ExtraNonce. It’s a number that gets incremented every time a miner generates a block. Different miners produce different ExtraNonce sequences
Lerner mapped the ExtraNonce values from the first 50,000 blocks and discovered something incredible
When you plot them on a graph they form slopes. Each slope represents a single miner
There were dozens of slopes. But ONE dominated everything
A single slope appeared across approximately 22,000 of the first 36,000 blocks ever mined. Perfectly consistent timing, identical software behavior, no overlap with itself, and a self imposed limit
Lerner named this miner “Patoshi”
The math became obvious. Patoshi mined approximately 1.1 MILLION Bitcoin during 2009 and the first half of 2010
That’s 5.7% of every Bitcoin that will ever exist. Mined by one person before almost anyone else knew what Bitcoin was
Satoshi’s mining code incremented the ExtraNonce field differently than any other miner’s which was an unintentional fingerprint built into the original Bitcoin client itself
Through cross referencing with known transactions between Satoshi and early developers like Hal Finney, the cryptography community concluded the Patoshi miner was almost certainly Satoshi Nakamoto
The wildest part is what Patoshi DIDN’T do
He could have mined far more. The Bitcoin network in 2009 had so few participants that Satoshi’s hardware was effectively the entire network. He could have captured close to 100% of all blocks for months
Instead the pattern shows Patoshi deliberately throttled his hash rate to roughly 50% of his actual capability. He was leaving room for other miners to win blocks
Patoshi also stopped mining at the same time every day. The on/off pattern looks more like one person running a computer in their study than an industrial operation
Around April 2010 the Patoshi pattern stops appearing entirely. Satoshi never mined another block
Over a year later in April 2011 he sent his last public message and disappeared forever
The 1.1 MILLION BTC is still sitting in approximately 20,000 separate addresses across the chain
It has not moved in 16 YEARS
The single largest dormant fortune in human history measured by current value. Worth more than the GDP of most countries and owned by an identity nobody has ever confirmed
The Patoshi pattern is the closest thing we have to evidence that Bitcoin was created by an individual rather than a state actor or organization
The mining patterns show one person, one timezone, one consistent personality taking breaks like a normal human
If they ever sell, the entire crypto market would have to absorb the largest single liquidation in financial history
If they never sell, those 1.1 MILLION BTC are effectively burned forever making Bitcoin’s true circulating supply much smaller than people think
Both outcomes are world changing. The decision rests with one person who hasn’t been seen since 2011
The person it points to is gone

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#Bitcoin: The cycle bottom is not in at 60k
The cycle bottom will only be in at 40-45k
Your daily reminder of what’s coming next..

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I love when people ask questions then say you are wrong without addressing a single thing you said. It basically tells me you read what i wrote, and then couldn't come up a SINGLE coherent respone, not even one. Wat value did you bring asking questions and then not providing a single argument at all?
LOL
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