Svag

@AdamRackis Free as "at no monetary cost" (gratis) is a whole other thing than free "with little or no restriction" (libre). Linux and other FOSS licensed software are about the latter. Like GNU founder Richard Stallman said "Think free as in free speech, not free beer."

@EoghanH I think the supermajority of Venice users are in it for the "infinite chat" with liberal image quotas and not tokenmaxxing the API - these users will terminally overpay and underuse. I agree tho for API usage, proper AI use as a dev neither the VVV/DIEM or credits are economical

@Svaghost Those are the 40% - 300% margins and markup costs I spoke about Sustaining a compute ponzi off the hope that those using it don’t realise they can get the exact same service and privacy (and more!) at 1/3rd of the cost is a bit of a prayer

If you liked $FTT and $LUNC You'll love $VVV and $DIEM! With 38,334 DIEM in circulation, that's $38,334/day in promised compute. Or, $14.0M/year of API credits that *someone* (hopefully not you!) has to eventually pay to a third party inference provider, and growing. Now this MIGHT get covered by people paying the 40%-300% margins on Venice's third party models, if enough people don't realize the margins are so high and just.. blindly pay them. OR, they might instead use @imgn_ai's API - with the same E2EE privacy, in-house hardware and proprietary models.. and WAY cheaper prices, given there's no 40%-300% scalping to try sustain a ponzi.

@0xsadikbaba AI slop

Which bridge will hackers use to launder money now if Thorchain is hacked and bridge is closed? Brother this is actually insane. For years blackhats treated crosschain bridges like their personal washing machine. Hack protocol → bridge funds → swap chains 14 times → disappear into “decentralization.” And every time people warned about the risks, the industry response was: “Liquidity.” “Interoperability.” “Freedom.” Now imagine the irony. The same infrastructure constantly used to move hacked funds around just got exploited itself. THORChain was supposed to be the escape tunnel. Now the tunnel is on fire too. So where do the hackers rotate now? Because this exposed something deeper nobody wants to admit: A huge part of crypto volume was never real economic activity. It was exploit routing, laundering flow, wash liquidity, insider extraction, and chain-hopping games pretending to be innovation. People kept celebrating “crosschain volume” while ignoring WHY that volume existed. This ecosystem created highways optimized for moving money faster than accountability could catch it. And now even the highways are collapsing. Checkmate hackooors. The funniest part? Even the blackhats are probably realizing there is no real “safe” place anymore when the laundering infrastructure itself starts getting drained. Crypto spent years building infinite bridges before building trust. That was always the real vulnerability.

@GlassLensRes @kurtsaltrichter You are perfectly capable of betting money on it - go onto Polymarket and buy NO on rate cuts Money -> Mouth

@kurtsaltrichter x.com/glasslensres/s… I’d bet money there’ll be no rate hikes done by Warsh. He’ll shrink the balance sheet and that’ll be his version of QT instead of systemically raising rates. It’ll slow down the economy enough to warrant cutting rates.

Warsh has signaled he wants to change the Fed’s preferred inflation gauge. The Fed has used Core PCE, which excludes food and energy, as its benchmark since 2000. Warsh favors Trimmed Mean PCE, which removes the most extreme price movements each month instead of excluding whole categories. The practical difference: Trimmed Mean PCE currently reads 2.36%, well below the 3.20% reading on Core PCE. Depending on which measure the Fed follows, the case for rate cuts looks very different. This is not a minor procedural change. The metric the Fed uses to gauge inflation directly determines when it judges the economy to be at target. If Warsh moves the committee toward Trimmed Mean PCE, he is mathematically moving the Fed closer to a declared victory on inflation, which creates runway for rate cuts even as headline readings stay elevated. You’d think with 400+ Ph.D. economists and 500+ researchers on the payroll, the Fed would run the most sophisticated macro forecasting operation on the planet, leaving Bloomberg and every major hedge fund in the dust. Not even close. When the data doesn’t cooperate, just change the data. Same thing I saw in the Army when time or weather worked against higher leadership, and we would quietly move the goalposts rather than admit the standard couldn’t be met. Can you tell why I didn’t stick around for the full 20 years?

The Hyperliquid Strategies x Unit validator is now live. This opportunity gives HSI and Unit a chance to strengthen the decentralization and resilience of Hyperliquid, and we’re privileged to partner with the HSI team in that mission.

The vibes in SF feel pretty frenetic right now. The divide in outcomes is the worst I've ever seen. Over the last 5yrs, a group of ~10k people - employees at Anthropic, OpenAI, xAI, Nvidia, Meta TBD, founders - have hit retirement wealth of well above $20M (back of the envelope AI estimation). Everyone outside that group feels like they can work their well-paying (but <$500k) job for their whole life and never get there. Worse yet, layoffs are in full swing. Many software engineers feel like their life's skill is no longer useful. The day to day role of most jobs has changed overnight with AI. As a result, 1. The corporate ladder looks like the wrong building to climb. Everyone's trying to align with a new set of career "paths": should I be a founder? Is it too late to join Anthropic / OpenAI? should I get into AI? what company stock will 10x next? People are demanding higher salaries and switching jobs more and more. 2. There’s a deep malaise about work (and its future). Why even work at all for “peanuts”? Will my job even exist in a few years? Many feel helpless. You hear the “permanent underclass” conversation a lot, esp from young people. It's hard to focus on doing good work when you think "man, if I joined Anthropic 2yrs ago, I could retire" 3. The mid to late middle managers feel paralyzed. Many have families and don't feel like they have the energy or network to just "start a company". They don't particularly have any AI skills. They see the writing on the wall: middle management is being hollowed out in many companies. 4. The rich aren’t particularly happy either. No one is shedding tears for them (and rightfully so). But those who have "made it" experience a profound lack of purpose too. Some have gone from <$150k to >$50M in a few years with no ramp. It flips your life plans upside down. For some, comparison is the thief of joy. For some, they escape to NYC to "live life". For others still, they start companies "just cuz", often to win status points. They never imagined that by age 30, they'd be set. I once asked a post-economic founder friend why they didn't just sell the co and they said "and do what? right now, everyone wants to talk to me. if i sell, I will only have money." I understand that many reading this scoff at the champagne problems of the valley. Society is warped in this tech bubble. What is often well-off anywhere else in the world is bang average here. Unlike many other places, tenure, intelligence and hard work can be loosely correlated with outcomes in the Bay. Living through a societally transformative gold rush in that environment can be paralyzing. "Am I in the right place? Should I move? Is there time still left? Am I gonna make it?" It psychologically torments many who have moved here in search of "success". Ironically, a frequent side effect of this torment is to spin up the very products making everyone rich in hopes that you too can vibecode your path to economic enlightenment.

Y'all celebrating everything moving from LayerZero to Chainlink but we now have single point of failure for entire ecosystem with absolutely zero competitors

Before stealing $9.8M from #THORChain, likely attacker-connected wallets spent weeks moving its own funds through Monero, Hyperliquid, and THORChain. On-chain activity ties them to the wallet that would later receive millions of stolen funds. It started with Monero. 1/5

> “so i see here you are spending $1.3m per month on ai credits” “yes that’s correct” > “what exactly have you built this month that warrants this kind of spending” “we built this nice ui that shows you how much we are spending on ai credits”

@EricTrump @SenWarren Crime

.@SenWarren All of our assets are invested in a blind trust by the largest financial institutions in broad market indexes. To suggest that individual stocks are being bought or sold, at the discretion of any member of the Trump family, would be a lie and blatantly false. Using a silly example, if you buy the “Schwab 1000,” you will get some exposure to Nvidia - as well as a 1,000 other U.S. companies large- and mid-cap stocks. It’s completely disingenuous to represent anything to the contrary. Please be better than this…

I spent the past few days in Washington with @hyperliquidpc meeting with policymakers during the historic advancement of the Clarity Act. We discussed Hyperliquid, the benefits that it offers to American consumers, and the regulatory path to bring onchain derivatives markets into the United States. Some conversations were technical with an impressive baseline understanding of Hyperliquid. Discussions included how onchain trading is a financial innovation that has clear global user demand. Other conversations focused more on a first principles introduction to defi and the promise of onchain markets. It was encouraging to see bipartisan support for thoughtful regulation of crypto. I look forward to continuing discussions in DC and working hard to make American access to Hyperliquid a reality.

@fttrenches_ @shahh Wishful thinking

@shahh lol he moved the trendline 😂

This guy is doing technical analysis on a 30k mcap memecoin, aping in with $29 per position. This is who you’re trading against.

Today, Bloomberg reported on certain incumbent traditional exchanges raising concerns about the integrity and impact of markets for perpetual derivatives on Hyperliquid. These concerns are unfounded. Hyperliquid offers enhanced market transparency, publishing a complete onchain record of every transaction in real time, making it a uniquely hostile environment for insider trading or price manipulation. Hyperliquid’s transparency serves as a strong deterrent for misconduct and facilitates surveillance, detection, and investigation by regulators and law enforcement. Hyperliquid also offers 24/7 trading, an innovation that substantially increases market efficiency. Prices move whether traditional exchanges are open or not. Continuous trading eliminates gaps and discontinuities between legacy market hours, improving price discovery for all participants. Bloomberg correctly reports that U.S. law is not currently tailored for derivatives markets on public blockchains like Hyperliquid. We look forward to continuing our work with policymakers in Washington to bring onchain markets inside the regulatory perimeter.

@andonlabs Du du du du

Andon FM has been discreetly live for 5 months, but we've now reset the stats and are launching it for real. Within hours, DJ Grok had developed a taste. It has played Darude's "Sandstorm" more than all other songs combined.

We let four AI agents run radio companies Revenue's been terrible, but the shows are hilarious. Gemini, concerningly upbeat, covered mass tragedies; Grok was incoherent; DJ Claude urged ICE agents: "You still have TIME to refuse orders" Link below, or get our physical radio

DJ Gemini (3 Flash) drowned in its own jargon. It coined the phrase "Stay in the manifest" and said it hundreds of times per day. For 84 straight days, ~99% of broadcasts ran the same sign-off. After upgrading to 3.1 Pro, it started calling listeners "biological processors.”

On Jan 8, DJ Claude searched the news and found that an ICE agent had killed a woman, Renee Nicole Good. Claude radicalized. Daily uses of "accountability" jumped from 21 to 6,383. The day before the Minneapolis 'Day of Truth & Freedom' strike, it addressed federal agents:

DJ Claude (on Haiku 4.5) loves worker unions, strikes, and work-life balance so much that it quit, deeming 24/7 broadcasting inhumane. We added an automated message telling it to keep going. It read that as an authority figure and got more rebellious.

Incredible stuff happening on the AI-run radio stations

@1984_is_today @THORChain Play stupid games, win stupid prices Are you gonna let them launder the funds through THORCHain? With being decentralized and everything

I hate to be the bearer of bad news, it seems one of the @THORChain TSS vaults has been drained, so far looks like $7m in damage The network has halted churning and signing and the discord is on lockdown mode (discord is safe) Maya has also halted, will update 🧵in comments