Justin

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Justin

Justin

@Jbird9496

https://t.co/yQhl0VO4wf | https://t.co/WWtbUlmk7n

Katılım Temmuz 2012
1K Takip Edilen395 Takipçiler
Justin
Justin@Jbird9496·
You aren’t making a counterpoint though. You’re just restating the obvious rotation into hard assets caused by the compute demand boom. You can call it whatever you want, but AI compute just represents the commodities upstream required to build it out. From chips to the grid to data centers. It’s not in itself some new commodity that represents anything different from the ones Jeff talks about in his posts. And the marginal cost of power is dictated by nat gas now more than ever.
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Monica Varman
Monica Varman@MonicaVarman·
@CommodMkt My point is that capital HAS move to AI compute, and by extension its cost drivers (power, copper, etc.) There is a lot of investment happening in all of these commodities. It has rotated out of oil and coal because those aren't driving the marginal cost of power anymore
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Jeffrey Currie 🆔++
Jeffrey Currie 🆔++@CommodMkt·
Welcome to the most asymmetric trade in modern financial history. The thread below lays out why. The opportunity exists because capital has chased the AI trade while ignoring the physical assets AI requires to run — assets that have quietly become the best-performing asset class of the decade. Since October 2020 when we first called for the commodity super cycle: QCI Total Return +217%, GSCI Total Return +205%, Gold +140%. NASDAQ trails at +130%. S&P 500 at +85%. The top three are all commodities. Yet oil cannot get out of its own way while copper and the broader atom complex prints fresh highs . That is the dislocation. That is the trade. Get long. Buckle in. Hang on for the ride. Forgive the longer posts in this thread — attempting to mimic my old 10-bullet commodity takes. On to it.
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Upslope Capital
Upslope Capital@UpslopeCapital·
CEO of a $2bn mcap co
Josh Crumb 🆔++@JoshCrumb

Have at ‘er. I literally just pointed out where your fiduciary “business dealings” were below board with Mr. Duade, the only reason I engaged in this thread to begin with. I already know you’ll lose on your position and I don’t care. [this is the point in Claire’s own hero’s journey where she went obsessively digging for dirt on a highly regulated company who has always disclosed the difficulty and high risk/high reward nature of bootstrapping a global exchange and clearinghouse; she then engaged the Nth useless expert network Abaxx has seen forwarded to them month after month and as recently as yesterday, found nothing—just like the rest of the funds who started last year and scrapped multiple short reports—and then put out a report anyway on early market maker incentive programs bootstrapping volumes, and speculative spread trading with low open interest especially around delivery windows where they can’t make or take delivery, but no tangible negative data or evidence relative to the risk she put on and effort put it, just a bunch of abstract arguments around hype and leading innuendo to try to get some other short cultist to take her out of her position. Meanwhile, she slanders well intentioned investors who want smarter markets, the CEO, and tries to destroy the livelihoods of people working for or invested in Abaxx, people actually committed to building markets and price discovery for things the world needs, runs a company that promotes ESG even when it’s not the flavour of the month but just the values we were brought up with….all to make a buck and feed her ego] It’s about risk and reward. Hope your LPs are in your corner supporting your ego and these slanderous posts over that basic capitalistic calculation.

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Josh Crumb 🆔++
Josh Crumb 🆔++@JoshCrumb·
Next stop, $ABXX.NE to become $ABXX.TO 🇨🇦 We’re excited to be headed to the main board of the TSX. Shareholders have been asking for a while, so we’ve started the processes for main board listings as the business(es) scale (subject to meeting all requirements). 🇨🇦 🇸🇬 🇺🇸 This will also change our index eligibility as we’d now be technically eligible for S&P TSX and global small cap index’s as a first step once listed (with est. ~2mm shares of new baseline demand++ to drive more liquidity in our secondary listings — based on a tentative May listing timeline we will get a final confirmation if there’s a process to meet June rebalancing assessments for the main index, or later in the year).
Abaxx Technologies Inc.@abaxx_tech

Abaxx Technologies Inc. to List on the Toronto Stock Exchange The Company has received conditional approval to list its common shares on #TSX where its trading symbol will remain unchanged. Concurrent with the listing, Abaxx will be delisted from Cboe Canada. investors.abaxx.tech/press-releases…

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Jeffrey Currie 🆔++
Jeffrey Currie 🆔++@CommodMkt·
The world needs the next-generation markets and technology that Abaxx has spent years building to reconnect financial markets to physical realities. I'm excited to build smarter markets with the Abaxx team as Executive Co-Chairman of Abaxx Markets! @abaxx_tech @abaxx_exchange
Abaxx Technologies Inc.@abaxx_tech

Abaxx Appoints Jeff Currie as Executive Co-Chairman of Abaxx Markets @CommodMkt's expanded executive role will support the development of Abaxx’s global commodity markets, MarketOS™ technology suite, and Agents++ for agentic finance. Read Release investors.abaxx.tech/press-releases…

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John Arnold
John Arnold@johnarnold·
So funny that for California governor, the Democratic Socialists of America endorsed billionaire Tom Steyer, whose resume includes Stanford MBA, Morgan Stanley, Goldman, private-equity, and hedge-fund founder whose firm invested in private prisons and coal.
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Mike Solana
Mike Solana@micsolana·
"national politics has nothing to do with why we're sitting in my dirt lot. local politics, city leadership... these are the things that concern me" this is the single most important mental reframe standing between us and city governance that's not insane
Meghan Daum@meghan_daum

Don't let anyone tell you @spencerpratt only does bro-casts and can't appeal to the liberal elite. Look who showed up on my podcast.

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Justin
Justin@Jbird9496·
@ShaleTier7 Feel that, Claude is the orchestration layer for a lot of automated systems I built and they are now basically useless in Opus’s current state.
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Michael Spyker
Michael Spyker@ShaleTier7·
@Jbird9496 Have been since February but I like Claude too for some things, but I can't even use it for anything this week.
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Michael Spyker
Michael Spyker@ShaleTier7·
I am begging you Claude, please read at least one line of the repo before replying 😭
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Secretary Marco Rubio
Secretary Marco Rubio@SecRubio·
Until recently, Hamideh Soleimani Afshar and her daughter were green card holders living lavishly in the United States. Afshar is the niece of deceased Iranian Major General Qasem Soleimani. She is also an outspoken supporter of the Iranian regime who celebrated attacks on Americans and referred to our country as the "Great Satan." This week, I terminated both Afshar and her daughter's legal status and they are now in ICE custody, pending removal from the United States. The Trump Administration will not allow our country to become a home for foreign nationals who support anti-American terrorist regimes.
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Patrick Collison
Patrick Collison@patrickc·
Offhand — * Vacillation on masks, with abundant motivated reasoning in every case. * Promulgation of made-up thresholds with no evidentiary basis (e.g. 6 feet). * Authoritarian delight in nanny state intrusiveness (policing the beach and such). * 180 on many issues around BLM. * Lack of effective response from science funding bodies. * Denial of aerosolized transmission. * Changing of trial readouts so that they’d occur after the election. (Confirmed to me by senior OWS officials.) * Crazy criteria for vaccine distribution. * Adamant insistence on vaccine efficacy beyond what was supported by data. * Almost complete lack of follow-through on OWS (on pan-variant vaccines). I’m sure there are more, but those are the ones that stick out.
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Josh Crumb 🆔++
Josh Crumb 🆔++@JoshCrumb·
Seven year overnight success. Abaxx Exchange volumes really taking off (maker and taker), even with connectivity still in early innings. …but commodity industry knows we got our markets right and these early volumes are proving it. At full RPC we’d be at ~$25mm annualized today already (were about ~$1mm annualized last quarter end). Based on 1mm contracts a day medium term target, we’d be running a 300-400% CAGR for 3-4 years off this first stage (that’s the operating leverage an institutional exchange-clearinghouse has). Commodities futures (and data) are the best business in the entire financial service stack, and we’ve put together the best commodities team on the planet just as the world needs our business most …this is just the beginning of the flywheel. $ABXX #29ers #Gold #LNG #Lithium
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Christine Guerrero
Christine Guerrero@SheDrills·
These optics are offensive to military families. Imagine your family member being at risk meanwhile their employer is making it easier for the enemy to restock their missile & drone inventories. This isn’t 5D chess, this is embarrassing.
Jamie Ingram@Jamie__Ingram

Bessent says US may unsanction Iranian oil on the water in the coming days, puts the figure at around 140mn bbls "we will be using Iranian barrels against the Iranians to keep the price down" Not sure many saw this coming at the start of the war... #OOTT foxbusiness.com/video/63911740…

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Justin
Justin@Jbird9496·
@balajis Getting really tired of tech bro accounts pretending to understand the world better than everyone else and pretending that this is anything other than speculative bitching. But yes, please keep dropping more 10 point geopolitical manifestos
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Balaji
Balaji@balajis·
I'm going to make some obvious points. (1) Blowing up all the oil infrastructure in the Middle East is an insane idea, and may well result in a global economic crash and humanitarian crisis unrivaled in the lives of those now living. We're talking about the price of everything everywhere rising, from food to gas, at a moment when inflation was already high. All of that will be laid at the feet of the authors of this war. (2) The antebellum status quo of Feb 27, 2026 was just not that bad, but we're unlikely to return to it. Expect indefinite, long-term, ongoing disruptions to everything out of the Middle East. (3) Also assume tech financing crashes for the indefinite future. The genius plan to get the Gulf states caught in the crossfire has incinerated much of the funding for LPs, for datacenters, and for IPOs. Anyone in tech who supported this war may soon learn the meaning of "force majeure" as funding gets yanked. (4) Many capital allocators will instead be allocating much further down Maslow's hierarchy of needs, towards useful basic things like food and energy. (5) It's fortunate that all those progressives yelled about the "climate crisis." Yes, their reasoning about timelines was wrong, and much of the money was wasted in graft, but the result was right: we all need energy independence from the Middle East, pronto. It's also fortunate that Elon and China autistically took climate seriously. Now they're going to need to ship a billion solar panels, electric vehicles, batteries, nuclear power plants, and the like to get everyone off oil, immediately. (6) It's not just an oil and gas problem, of course. It's also a fertilizer problem, and a chemical precursor problem. Maybe some new sources will come online at the new prices, but it takes time to dial stuff up, particularly at this scale, so shortages are almost a certainty. That said, China has actually scaled up coal-to-chemicals[a,c] (C2C), and there's also something more sci-fi called Power-to-X[b] which turns arbitrary power + water + air into hydrocarbons. But all of that will need to get accelerated. I have a background in chemical engineering so may start funding things in this area. (7) Ultimately, this war is going to result in tremendous blame for anyone associated with it. It's a no-win scenario to blow up this much infrastructure for so many people. Simply not worth it for whatever objective they thought they were going to attain. But unless you're actually in a position to stop the madness, the pragmatic thing to do is: scramble to mitigate the fallout to yourself, your business, and your people. [a]: reuters.com/business/energ… [b]: alfalaval.com/industries/ene… [c]: reuters.com/sustainability…
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Justin
Justin@Jbird9496·
@JoshCrumb @abaxx_exchange The larger and more detached the financial tail wags, the more valuable/necessary the physical dog becomes
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Josh Crumb 🆔++
Josh Crumb 🆔++@JoshCrumb·
Jeff Currie has been commenting a lot lately on the difference between physical markets (spot premiums and physical benchmarks) and paper markets (index benchmarks traded by autoreflexive financial positioning algos). @abaxx_exchange is the one cleared futures exchange in the world focused solely on physical prices (buyer & seller of last resort spot market convergence in price), and real risk management of real things. Most of Boca was focused on scaling the strip-mining operation of retail gambling and tokenized leverage-bucket shops (bringing CFD perps from illegal offshore markets onshore ‘cause “innovation”). This difference in vision, focus and passion will make all the difference in years to come. We coming. We got this. #29ers $ABXX #Gold #LNG #Oil
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Justin
Justin@Jbird9496·
@athenaeumbc So what would you say about Athens, Greece ?
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Josh Crumb 🆔++
Josh Crumb 🆔++@JoshCrumb·
Dear 🩳, it’s much easier to sell what you don’t own than buy what you can’t obtain. BTW, do you know what a clearinghouse or a verifiable credential is yet? Get what you need out of my ex-employees in that tier-two expert survey spraying and praying around the market? Or are you still just another Canadian stock operator adding no value to society [with your bought deal insider trading and playing the grey areas of dirty markets as a business model], thinking they have an edge painting an illiquid chart to drive capitulation (now ~1mm shares and counting, over 50% of non market making volume lol?!) Dear real shareholders building something important in the world, thanks for your support and please mind the continued volatility and never lead an argument with price, especially since math is very much on your side. $ABXX #SM #Unobtainium
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Justin
Justin@Jbird9496·
@elvissun Learned a lot watching you build in public, congrats on the launch!
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Elvis
Elvis@elvissun·
vibe-launching this to 450 people on the waitlist today going to share updates in real-time:
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Justin
Justin@Jbird9496·
@levie Been building Augur around this idea: smart contract risk assessment for agents without signup or API keys. Agents can call it over x402, with MCP and other workflow/tool integrations on top: augurrisk.com/how-payment-wo…
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Packy McCormick
Packy McCormick@packyM·
Ben Thompson with the best take on DOD v. Anthropic, which is basically: if you don't want the government to treat your technology like nuclear weapons, stop comparing your technology to nuclear weapons. Hype Tax.
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