RedSkull

“Agents won’t use stables!” “They’ll use credit cards!” Okay, how does an agent take a loan? Or access margin? Or escrow capital, for services? The foolish finance companies Like Stripe or Ramp Haven’t thought things through You are middlemen, And will be annihilated

It may be obvious in hindsight that we actually built crypto for the machines

Everyone’s missing the real story here. ZeroHedge is framing this as Jane Street single-handedly causing the 2022 crypto winter. The lawsuit is more surgical than that, and what it actually describes is worse. A former Terraform intern named Bryce Pratt, working at Jane Street, created a private group chat called “Bryces Secret” with Terraform’s software engineer and head of business development. That chat became a pipeline for material nonpublic information about Terraform’s liquidity positions. The May 7, 2022 sequence took 10 minutes. At 5:44 PM EST, Terraform quietly pulled 150 million UST from Curve’s 3pool. No announcement. No disclosure. Within 10 minutes, a Jane Street wallet pulled 85 million UST from the same pool. Largest single transaction in the pool’s history. Combined: 235 million UST drained before anyone outside those two firms knew anything had changed. The peg cracked that night. Six days later, $40 billion was gone. Then on May 9, while retail investors were watching their portfolios disintegrate in real time, Pratt messaged Do Kwon offering to buy Luna or Bitcoin at “steeply discounted prices.” Kwon told him Jump Trading’s co-founder Bill DiSomma should have already reached out about a fundraise. So Jane Street was front-running the collapse with one hand and offering to buy the wreckage with the other, fully aware of the financial condition it helped create. This tells you everything about what “providing liquidity” actually meant in crypto. The firm that allegedly used a private chat room to drain $235 million from a stablecoin pool before retail could react now generates $24 billion in trading revenue through three quarters of 2025. $10.1 billion in a single quarter. More than Goldman. More than JPMorgan’s entire trading operation. Over 10% of North American equity volume. Lead authorized participant for the biggest Bitcoin ETFs. And this is the second lawsuit from Terraform’s administrator. He already sued Jump Trading for $4 billion in December, alleging Jump inflated UST through a backdoor deal before the implosion. The Jane Street complaint alleges insider information flowed between the two firms. The picture forming is two of Wall Street’s most sophisticated trading operations allegedly coordinating around inside information while retail absorbed the full $40 billion hit. Do Kwon got 15 years. Terraform paid $4.47 billion in SEC penalties. The institutions that allegedly turned a private group chat into a front-running operation are posting record profits. The question a Manhattan federal judge now gets to answer: when does “market making” become market taking?

Jane Street was running an algorithm that dumped Bitcoin every single morning at 10am. Every day. For months. Crashing the price. Liquidating retail. Buying back lower. Rinse and repeat. The second they got sued it stopped. The 10am dump disappeared. Now Bitcoin just had the best day in months. One trading firm... That’s all it took to suppress the entire crypto market for months. Now ask yourself how much of the crypto price action is even real. How many people panic sold because the charts look terrible. How many people got liquidated. How many billions were taken from regular people by a single trading desk. And this is just the first one to get caught so far… it’s about to get VERY interesting.

From LTCM to @fraxfinance and @ConvexFinance : The Limits of Classical Valuation in a Nonlinear Financial World. An essay on how traditional models of business evaluation are not fit for DeFi, drawing on ideas from Friedrich Nietzsche, Gilles Deleuze, Nassim Nicholas Taleb, the historical fall of Long-Term Capital Management, and the Nisbett and Wilson Stocking Study.

Had an idea for a tax token. Ticker is $USA. Buy tax of 3.8%. Sell tax of 3.8%. Proceeds from both taxes automatically buy another ticker called $ISRAEL, but nobody can sell $ISRAEL because it’s a honeypot. I just realized this is a terrible idea nvm.

FPV RC with head tracking feels like you’re actually in the cockpit

The internet will be rearchitected to become a first-class experience for AIs There is no bot problem Once they have economic agency The red carpet will be rolled out to bots

jobs in the future: - guy with “taste” - looksmaxxer - agent (human that’s hired by LLMs) - docusign L3 engineer - memecoin trencher - warlord

This is the future I’m building

China is trying to church-mogg us. We need to resume church-maxxing asap.

Reminds me of early days bitcoin mining

We are actually in a Zoolander timeline

The ASU Frat Leader will not stay at ASU. It's vulnerable. He knows this. He will expect a frame mogging on campus. He will likely flee to Frames Deep, the great fortressmaxx of Mogshan. It's a dangerous road through foids and dairygoons. He will make his final mog there.

“when everyone has personal agents what is your edge?” does everyone in the pokémon universe become a trainer? NO is there a hierarchy of trainers? YES my agents will be better than your agents and that will be our diff how i command my agents will be better than how you command your agents and that will be our diff my strategy will be better than your strategy and that will be our diff DO NOT BE PSYOPED BY THESE FOOLS WHO TELL YOU TO GIVE UP NOW THERE IS A NEW WORLD THAT HAS BEEN UNLOCKED WHERE THE RULES ARE UNKNOWN AGENTS ARE THE BASELINE. AN INFINITE MORE IS POSSIBLE BUT THESE FOOLS CANNOT FORSEE THAT IGNORANCE. but no not YOU my friend not I your edge here has not even sharpened yet

ngl this goes hard.

@DCinvestor @shawmakesmagic @itsalltruffles 👀

@shawmakesmagic all i want is affordable in-home hardware which can do basic shit for me and control my smart home and run more complex tasks at night while i sleep for a fair price can devs do something??

Alex Finn’s Mac Studio runs at 20 tokens per second which is 10x slower than any model you use, and too slow to use for a swarm, let alone a single agent doing anything useful He makes like $10k a month off your engagement, he’s just playing the game I wish agi at home was available yet but it isn’t

crypto is literally designed to solve core problems that AI agents face enabling them to hold funds, pay for services & execute transactions without human intermediaries.

AI will crush the true barrier to entry in crypto. Audits.