Eric Forgy

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Eric Forgy

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
1.8K Takip Edilen3.3K Takipçiler
Kit 🔺🛡️ mrkit2u.avax
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

x.com/i/article/2034…

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Eric Forgy
Eric Forgy@EricForgy·
@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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Min💙
Min💙@mint0themax·
imagine hating me when this is how i ride motorbikes
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Eric Forgy
Eric Forgy@EricForgy·
@JaredWalczak There is zero chance this is temporary and anyone who says it will be is lying.
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Jared Walczak
Jared Walczak@JaredWalczak·
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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Eric Forgy
Eric Forgy@EricForgy·
I wish I was good at infrastructure. So many cool things happening.
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Peter Yang
Peter Yang@petergyang·
@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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Lyron
Lyron@lyronctk·
How dare Tempo launch with a permissioned validator set, a complete inversion of the decentralization ideals promised by the Stripe Megacorp Foundation
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Ricardo
Ricardo@Ric_RTP·
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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Tempo
Tempo@tempo·
Tempo Eng Lead @gakonst on what machine payments look like at web scale: "Instead of thinking about financial transactions, we should be thinking about API calls per second. We need to scale to hundreds of thousands, millions, if not billions of payments per second." On @tbpn
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Valerie Anne Smith
Valerie Anne Smith@ValerieAnne1970·
In 2021 Fauci & Bowser get completely owned. I don't know who this guy is but he is my hero..."I'm not lining up to get a shot that you created...this is basically a common flu...paying people to get a shot means there's something else going on."
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Valerie Anne Smith
Valerie Anne Smith@ValerieAnne1970·
“We just need to mess around with mRNA...there’s a lot of lipid nanoparticles & a lot of self assembly.” Bill Gates is "messing around" with all kinds of injectables. He’s targeting vaccines into fruit & vegetables, livestock as meat & even administered via mosquitoes.
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Treasury Secretary Scott Bessent
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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Ofcom
Ofcom@Ofcom·
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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Polymarket
Polymarket@Polymarket·
JUST IN: UK demands 4chan pay fine for not complying with age verification laws, lawyer responds with revolutionary war rant & image of giant hamster dressed as Godzilla.
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nic carter
nic carter@nic_carter·
"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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