Booth Templeton

11 days ago a relatively unknown Farcaster agent investment fund made it’s first acquisition which was $noice In the time since, the token has done a 5x and their dev @HeetTike is speaking on the TBA panel tomorrow. @faircaster was created by @deLeyritzluc who is a GP at @Re7Capital which has 600M AUM. $FAIR 0x7D928816CC9c462DD7adef911De41535E444CB07 is down 50% from all time high despite growing signals of acceleration. What project could be their next target and could we see another 5x?

Crypto is going to find out the hard way that it's horribly behind when it comes to risk modeling (I'm a former credit quant...the field is behind what the state of the art was 20 years ago). It'll learn one blow-up at a time. Want to make a fortune in defi? Create a dashboard that shows DV01 (to offchain rate moves), JTD (pivoted by underlying asset), correlation delta (for correlation across assets)...and for fuck's sake, time to have a tradable credit spread for vault curators and asset issuers (to both model counterparty risk and hedge against it). We're in caveman-land right now. Crypto's general tendency to YOLO everything just isn't good enough anymore.

Signs were there this little bird was more than a meme, but this direction is even more interesting than most had imagined, and would recapture the single biggest inefficiency in the @AskVenice economy. 1 $DIEM = $1 of inference per day, in perpetuity. But these unless you're precisely matching your $DIEM supply with utilization of compute, unused inference credits don't rollover, compounding unnecessary marginal cost to the economics of your application. Venice has 2M+ registered users processing 20B+ LLM tokens daily. We don't know the average proportion of these tokens going to waste, but it's clear there's significant demand for such a marketplace, and it makes a lot of sense. This marketplace might allow consumers of compute to pay-on-demand, dynamically streaming the exact amount of inference needed from the distributed supply of DIEM stakers on the foundational pay-per-day model. It's a win-win scenario. The owners of DIEM now have a method to monetize unused compute, and the on-demand buyers avoid this overhead and pay exactly what they use, possibly with discounted pricing depending on realtime supply/demand balance. This system would provide Venice with the same sharing model that's been applied to maximize efficiency in the physical world, like Uber and Airbnb which give car and home owners the opportunity to monetize their assets whenever their owners don't need it directly. The question now - might @cyb3rwr3n be piloting this new mechanism as its first user (we know the bird's been stacking $DIEM) and proving out the ability of this new marketplace's participants to monetize? Or could there be a deeper role - DIEM as the "energy source" and CYB3RWR3N as the "grid operator" earning fees on every marketplace transaction. Or might it be both? No matter which, with all signs pointing to the Venice team building this in stealth, it's time to pay more attention to this small bird's strength.

Attention!! Faircaster is now @fair_vc I secured the old X handle, but stay care just in case The only official handle is @fair_vc Rebranding LOADING!

@0xdetweiler you have no idea how much we're cooking new dev incoming too

Keeping my thesis simple on $FAIR! Entire onchain collapsed, while these guys grinding left n right, day in day out. AI Agents gonna be real hot real soon, not the kind of hype hot we had: this time they are gonna be real hot fundamentally. And that's where $FAIR comes in. Stacking, holding, being patient. All that will be needed for the journey to 10M+

@ShaleTier7 How about now?

WTI crude averaged $98/bbl in 2014. That’s $772/bbl inflation adjusted to 2029. Oil is still cheap.

@Msamalam World population is over stated perhaps

I actually don’t understand how France has 69 million people. Where are they? 5 largest cities: Paris 2 million Marseille 0.8MM Lyon 0.5MM Toulouse 0.5Mm Nice 0.3MM Where are they all hiding? In the countryside? The “big” cities are so tiny.

@hrithikk @megaeth It was obvious

That's it. I'm quitting crypto. I invested $186,282 into the @MegaETH sale and that turned into a $MEGA rug. They took my money and locked it behind TGE KPIs they can't even reach. I'll be lucky to get any money back. I'm done with this space.

@MoonOverlord owned

when they ban infofi, undisclosed promotions, and AI slop, and you arent "feeling" CT anymore

@icobeast Yeah it's possible that people alive now could still live out the rest of their existence without really being effected.

Ever wonder what life would be like if you didn’t know anything about crypto/markets/etc? Took my kids to the park this morning and I don’t think a single other parent there knew the price of bitcoin or that oil spiked 3% overnight or dollar debasement or the yen carry trade or any of the million other things we’re constantly checking/monitoring. Feels like a blissful ignorance might be a peaceful (even if a bit boring) existence? Idk. Not really sure how you ever go to that once you’ve seen this side of things, but it feels like maybe ppl on that side are pretty satisfied with their lives

@palis What CEO on this planet is not constantly seeking additional capital?

I find this level of profit seeking both confusing and deeply disturbing. This guy is worth over $150B, one of the world’s top-10 public known net worth If you’re still passionately pushing your company forward to improve humanity, I can get that, and maybe he does. But coming on TV to hustle as a hungry salesman with a forcefulness and urgency to push for even more consumption of your tech, when you’re top-10 wealthiest CEOs, seems like either he’s stuck in a survivalist trauma state, or he’s a slave to numbers or some entity that’s pushing him forward It’s the type of person who reaches this level of wealth, right. If he was well balanced he never would’ve got Nvidia to where it is. But still, it’s confusing. He’s projecting the emotion of being upset over people existing who choose not to use his tech, or simple not using enough of his tech. Does he not know how much more there is to life? Will it ever be enough? What drives him?

@cryptowhail months!?

expect the worst recession in human history and a war that will last not weeks, but months. total global economic collapse will be the mildest and most desirable of all outcomes. what is about to happen is unprecedented in the entirety of human existence.

@old_f0lk @columtyrrell Awesome advice

@columtyrrell Add a half bath at some point, slowly replace the guts at a rate you can afford, paint a wall or two, and you’ll leave in the positive dawg. If you need help, reach out.

I’m dumb, please help me with. There is gonna be a huge economic crash soon right? Is now a good time or terrible time to buy a house? Failed Comedian is a recession proof job so I’m good regardless.

@bitfloorsghost Uzi- account based in south asia. no viewpoint, just engagement bait.

that's not rich

@UziCryptoo @crypto_condom Account based in South Asia

Things more dangerous than $7 coffees: - $40,000 wedding ($5,000/hr party) - $80,000 degree that gets you a $50,000/yr job - $40,000 car loan because you "earned it" - $2,000/mo apartments to flex for friends ...Thats why 80% of people are broke.

@crypto_condom 🙏🏻

Who's got a copy of this retracted BOA memo (not the FT article...the actual BOA memo being discussed)? 🙏

Do you see?

they airbrushed me out because I outshone them

@uncledoomer The recommendation is drastic but people should be prepared for a recession and not over burden themselves with credit card debt etc.

why are you talking about paying off your debt in a situation where the entire US economy is collapsing? i swear the normie mind is indistinguishable from cattle

Imagine the smell