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Eric Forgy
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Eric Forgy
@EricForgy
Execute or die. Founder of @TheCavalRe | Onchain Capital Markets https://t.co/j6igbnj9Qm PhD UIUC. MIT L/L. CAIA. UCLA MFE advisory board
San Jose Katılım Ocak 2016
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UK Teacher Banned For Saying Migrants Should 'Respect Our Laws Or Leave' zerohedge.com/political/uk-t…
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@mrkit2u @malekanoms We can forgive him. We all go through that phase and eventually come around.
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I think your point is that permissioned blockchains don’t deserve to use the brand “blockchain” because they don’t have some of of the most valuable virtuous properties of Bitcoin and Ethereum, and it’s true, they don’t have those properties.
However, having just spent recent weeks documenting a threat model for a permissioned chain, I can tell you with certainty that neither are they just databases. My threat model would have been far far shorter and easier to write were that the case, and my head would hurt far less. 😄
In fact, while not “immutable ledgers,” permissioned chains create important accountability systems where multiple entities have to explicitly cooperate in order to roll back the chain, for instance. This is not so with a database. Permissioned blockchains prevent sneakiness within a certain context.
In permissionless blockchains like Bitcoin and Ethereum, this anti-sneakiness context expands (imperfectly) to the entire world, and with that comes many benefits, but that doesn’t negate the value of preventing sneakiness (which leads to corruption) within a smaller context.
Do we still call these blockchains? IMO, yeah, we still do, and the distinction of “permissioned” vs. “permissionless” is enough to distinguish the two from each other.
x.com/malekanoms/sta…
Omid Malekan@malekanoms
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@mint0themax Please don't promote this kind of irresponsible behavior 🙈
I lived in Bangkok for two years and at least once a week, a motorbike taxi was flattened just outside my office. It was sad.
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@JaredWalczak There is zero chance this is temporary and anyone who says it will be is lying.
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The proposed California wealth tax is a one-time tax—for now.
But its drafters and proponents have long sought a permanent wealth tax. There's a real risk that, like many previous "temporary taxes," this one could stick around.
taxfoundation.org/blog/californi…
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@trq212 it’s weird to call this thing Claude Code still if I’m just using it to text my AI friend in bed
How about Clawd 😅
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Ok Anthropic is coming at OpenClaw hard 😅
Competition is good for users
Thariq@trq212
We just released Claude Code channels, which allows you to control your Claude Code session through select MCPs, starting with Telegram and Discord. Use this to message Claude Code directly from your phone.
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Jensen Huang just called out every CEO who’s been firing people “because of AI.”
Jim Cramer asked him why companies are laying people off if AI is supposed to make everyone MORE productive.
Jensen's answer:
"For companies with imagination, you will do more with more. For companies where the leadership is just out of ideas, they have nothing else to do. They have no reason to imagine greater than they are. When they have more capability, they don't do more."
Read that again.
The man who built the most important tech company on Earth just told you that if your CEO is using AI to cut headcount, it means one thing:
They have no imagination.
They have no vision for what comes next.
They got handed the most powerful tool in human history and their FIRST instinct was to fire people.
This is the CEO of NVIDIA. The company whose chips power every AI system on the planet.
If anyone on Earth has the right to say "AI replaces workers," it's Jensen Huang.
And he said the OPPOSITE.
He said every carpenter could become an architect. Every plumber could become an architect. AI elevates capability. It doesn't eliminate it.
But here's where it gets really interesting...
During the same interview, Jensen revealed something nobody's talking about:
He said AI startups like OpenAI and Anthropic are seeing their revenues increase by one to two billion dollars a WEEK. And he wishes these companies were public so the world could see what he sees.
One to two billion per week.
That's a $50 to $100 BILLION annualized run rate.
For companies that most people think are burning cash and making nothing.
The entire Wall Street narrative that "AI companies aren't profitable" might be completely wrong.
Jensen sees their numbers. He sees their compute orders. He sees their growth. And he's saying the revenue is real.
So if the money IS real, why are other companies firing people?
Because they're not building AI products. They're not creating new revenue streams. They're not using AI to expand into new markets.
They're using AI as an EXCUSE to cut costs because they ran out of ideas 3 years ago and need something to tell the board.
Jensen's company added $500 billion in new orders in 5 months. He expects $1 trillion in cumulative revenue through 2027 from just two product lines.
That number doesn't include the new chips, systems, or partnerships announced this week.
And he's not cutting people. He's hiring.
Because when you have imagination, more capability means MORE opportunity. Not less headcount.
Meanwhile Salesforce cut thousands. Meta cut thousands. Amazon cut thousands. All blaming "AI efficiency."
Jensen's response: You're out of imagination.
He also said something that stuck with me.
Cramer asked if he ever thought he'd build a $10 to $20 trillion company while waiting tables at Denny's.
His answer: "I was just trying to make it through the shift."
Biggest tip he ever got? Two, three dollars.
Now he's building tech that increased computing demand by one million times in two years.
He announced OpenClaw, which he says is as big as ChatGPT.
And he's got 21 months of new business that isn't even counted in the trillion dollar figure yet.
When asked how long he plans to keep working?
"I'm hoping to die on the job. And I'm not hoping to die anytime soon."
This is a man who believes every single thing he's building.
And his message to every CEO using AI to justify layoffs is simple...
You're not innovating. You're surrendering.
The technology wasn't built to shrink companies.
It was built to make them limitless.
If your leadership can't see that, the problem isn't AI.
It's THEM.
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This is an amazing presentation. Every time I watch a TigerBeetle demo, I can't help to think how awesome this could be for Byzantine fault tolerance.
TigerBeetle@TigerBeetleDB
We processed a trillion transactions to test TigerBeetle’s scale...
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Congratulations to @federalreserve, @USOCC, and @FDICgov, on today’s Basel Capital Proposal.
Today’s outdated capital requirements are needlessly complex and misaligned with their actual objective. Rather than solving for safety and soundness, they are pushing lending out of the regulated banking system while simultaneously impeding economic growth.
The last Administration aimed to hijack the Basel modernization effort to reverse-engineer ever-higher capital requirements without rhyme or reason. Under President Trump’s leadership, we have taken a principled and calibrated approach that simplifies capital requirements and fosters a level playing field for banks of all sizes.
If finalized, this proposal would advance those goals, fostering economic growth through our regulatory regime.
Today is an important step in the regulatory reset our Administration is working towards, marking meaningful progress toward a financial system that builds Parallel Prosperity for Main Street and Wall Street.
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We've fined 4chan £450,000 for not having age checks in place to prevent children seeing porn on its site.
The Online Safety Act is concerned with protecting people in the UK. It doesn't require platforms to restrict what people in other countries see.
🔗ofcom.org.uk/online-safety/…

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"Recent advancements have been so significant that this year’s opinions are the most optimistic for the “within 10 years” timeframe that we have ever recorded in our series of surveys: half of the respondents felt the likelihood of such a computer within 10 years was “about 50%” or more likely. By coarse-graining all the experts’ responses, one arrives at an average likelihood of between 28% and 49% within 10 years, that is, by roughly 2035"
- Global Risk Institute's 2025 Quantum Threat Timeline (survey of quantum experts)
globalriskinstitute.org/publication/qu…

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