father-abraham.eth

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father-abraham.eth

father-abraham.eth

@abebecker

Crafting consensus in a culture of me, me, me. Engineer, nature lover, storyteller, artist, musician, scientist. Dumping fiat for agentic entrezprenuership.

Charleston, SC Katılım Şubat 2010
905 Takip Edilen323 Takipçiler
father-abraham.eth
father-abraham.eth@abebecker·
Bear with me - trying to grok this.. - minting diem from my 1k vvv will get me about 1 diem, which currently isn’t worth it - 15% on 1k vvv is more than $365 per year. If I sold the diem after 40x increase, I’d make 40x, but if I never minted the diem, I’d make 4x. Good point there. But if having inference is my motive and the diem inference value is fixed, why would I pay increasingly more for it?
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G.W. Jackston
G.W. Jackston@galactiator·
you don't have to "buy" DIEM if you have VVV- you can mint it and then stake your DIEM. Then you can burn your DIEM (which replenishes daily) to get your VVV back. you give up 20% of the yield when you stake your DIEM (so you still make 80% of the yield) All comes down to where the market finds the VVV-DIEM equilibrium if DIEM 40Xs from here and VVV 4Xs what is the your $ takeaway if you sell your DIEM or if you unstake and sell your VVV? just a hypothetical.
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Erik Voorhees
Erik Voorhees@ErikVoorhees·
DIEM & VVV tokenomics... • 1 DIEM = $1/day of daily renewing AI compute credits, spendable on any model from Qwen to Opus 4.7 to Grok to Nano Banana via Venice (app or api) • As demand for AI compute rises, DIEM is bid up. Supply is very constrained (see DIEM price chart below since inception last fall). How does this relate to VVV? • VVV has the exclusive right to "print" DIEM, which locks the VVV until DIEM is paid back (and thus burned). • Every VVV holder basically has a growing pile of instant cash/liquidity, because at any time they can lock some or all of their stash and get DIEM to sell on the market. • Thus as AI compute demand rises, DIEM price rises, and temptation to lock up VVV and mint DIEM grows. • Fundamental to DIEM's design, is the "mint curve." This defines an exponential curve specifying the rate at which VVV can be locked to mint 1 DIEM. • The higher the DIEM supply goes, the further up this curve we go, meaning exponentially more VVV must be locked for a marginal increase in DIEM. • This keeps Venice's liability constrained (remember each DIEM is a liability to Venice, which must provide $1/day of compute) • And this also means an increasing amount of VVV is taken out of supply and locked up until some day in the future if DIEM is paid back. In the image below, price of DIEM has risen gradually along demand for AI compute at Venice, and the tan portion of the VVV bars shows the locked supply, rising from ~5m in Nov to ~9m today. For that VVV supply to ever unlock, DIEM must be bought back and burned... but doing so raises DIEM price and thus tempts more VVV back into locked position. Equilibrium is hereby established and both VVV and DIEM price should ultimately correlate a) to demand for AI compute generally and b) to quality of Venice's AI compute offering specifically.
Erik Voorhees tweet media
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father-abraham.eth
father-abraham.eth@abebecker·
@ErikVoorhees @AskVenice I haven’t bought any Diem yet because I’d rather have my 1k VVV appreciating at 15% and pay the dollar per day in fiat for my inference. Doesn’t that ultimately make better financial sense when vvv holdings are lower?
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father-abraham.eth
father-abraham.eth@abebecker·
@galactiator @ErikVoorhees I haven’t bought any Diem yet because I’d rather have my 10k of VVV appreciating at 15% and pay the dollar per day in fiat. Doesn’t that ultimately make better financial sense?
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G.W. Jackston
G.W. Jackston@galactiator·
Erik, one important point for $VVV holders to understand about minting $DIEM: When you mint DIEM against your staked VVV, the amount of DIEM required to unstake your VVV is locked in at that moment. This means even if the VVV-to-DIEM mint rate changes later, you won't need more DIEM than you originally minted to get your full VVV back. The catch: You need to hold onto that DIEM (or buy it back) when you're ready to unstake. If you sell your DIEM, you'll have to repurchase the same amount to unlock your VVV, but you aren't exposed to changes in the mint curve, which is important.
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Hedgeye
Hedgeye@Hedgeye·
🇺🇸 Here's what $39 trillion in debt really means: If we confiscated every dollar of U.S. corporate profit ($3.8T/year), it would take over 10 years to pay off. Sell every ounce of gold ever mined: $32 trillion. Still $7 trillion short. Liquidate every Bitcoin in existence on top of that: $33.5 trillion. Still $5.5 trillion short. If we confiscated every dollar of federal tax revenue ($5.3T/year), it would take over 7 years to pay off, assuming zero spending. The debt is 71% of every home in America, or 30% of every publicly traded company on Earth. The debt grows by $7.2 billion a day, or $84,000 a second. This is a problem.
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RYAN SΞAN ADAMS - rsa.eth 🦄
KYC regime enforced by gov ID and selfie is beyond dead. Actually insane we have governments rolling this out as the default for banking and age verification. Bringing a fax machine to a knife fight.
Iqra Saifi@IqraSaifiii

GPT hat richtig gekocht 🔥 GPT Image 2 von @PixPrettyAI Prompt: }{"type": "Nahaufnahme-Fotografie","subject": "Eine fiktive Ausweiskarte, die von einer Hand gehalten wird","card_content": {"header_text": "MUSTERREPUBLIK / AUSWEISKARTE / SAMPLE ID CARD","logo": "Ein blaues Symbolfeld oben links mit dem Länderkürzel 'MR'","portrait": {"appearance": "Junge Frau mit langen, glatten blonden Haaren und Mittelscheitel","facial_features": "Helle Haut mit deutlich sichtbaren natürlichen Sommersprossen auf Nase und Wangen, neutraler Gesichtsausdruck, haselgrüne Augen mit geradem Blick nach vorn","clothing": "Schwarzes Oberteil mit sichtbarem Ausschnitt","accessories": "Kleine silberne Ohrstecker an den Ohrläppchen"},"text_data": {"surname": "MUSTERNAME","given_name": "ERIKA","birth_date": "07.11.1998","birth_place": "BERLIN","expiry_date": "01.12.2030"},"surface_texture": "Glänzende laminierte Oberfläche mit sichtbaren holografischen Sicherheitsmustern und Guilloche-Linien über Porträt und Text"},"foreground_hand": {"position": "Hält die untere rechte Ecke der Karte","skin_tone": "Hell","fingernail": "Sichtbarer Daumen mit langem, mandelförmigem Fingernagel, lackiert in glänzendem Bordeauxrot oder Dunkelrot"},"background": "Schlichte, einfarbig weiße Oberfläche","lighting": "Weiches, gleichmäßiges Innenlicht mit leichten Reflexionen auf der Kartenoberfläche und dem glänzenden Nagellack","framing": "Vertikale Nahaufnahme aus der Vogelperspektive, vollständig auf die Karte und den Daumen fokussiert"

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The Kobeissi Letter
The Kobeissi Letter@KobeissiLetter·
Crypto card spending is the next big trend: Crypto card spending volume has surged +500% since September 2024, now running at $600 million per month. As a result, stablecoin-linked payment cards are now one of the fastest growing businesses on the blockchain, with 90% of transactions captured by Visa, $V. Visa's strategy has centered around partnering with emerging infrastructure providers which reduces reliance on traditional sponsor banks. The growth comes amid the launch of Jupiter Global which returns 4-10% cash back to crypto cards and has seen +660% MoM volume growth in April. Crypto card adoption is growing.
The Kobeissi Letter tweet media
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Brian Armstrong
Brian Armstrong@brian_armstrong·
Need to fix the replication crisis in science. Crowd sourced voting on which papers to test and prediction markets on what will replicate offers a potential path.
ResearchHub Foundation@ResearchHubF

We just completed our first replication study on @ResearchHub. From preregistration → funding → experiment → results A full scientific lifecycle, run in the open, with community input. We also tested something new along the way: prediction markets for science. Here’s how it played out. 👇

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Erik Voorhees
Erik Voorhees@ErikVoorhees·
If your agent interacts with blockchains, use the new Venice crypto RPC and save a bunch of money (agent can use same API key for every LLM model as well...)
Papacito 👾@Papacit0e

I replaced Basescan API calls with @AskVenice 's Crypto RPC tooling instead of Dune Analytics on my VVV unstaking dashboard. I had to pay Dune $65/MO for their Analyst sub, but with Venice at 6 refreshes / day, it's now lowered to $0.02/MO...Incredible 🤯 glitch46.github.io/vvv-dashboard/

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David A. Johnston
David A. Johnston@DJohnstonEC·
A friend pointed out to me today: "Anthropic is a great deal. CC Opus 4.7 as calculated by cc usage delivers about $5,200/month in equivalent API to people who use a CC max 20x account 100%. So I get $33,000/month in api usage for $1,200 from Anthropic." Here's the catch.🧵
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Brian Armstrong
Brian Armstrong@brian_armstrong·
A few good books worth reading: - Atlas Shrugged by Ayn Rand - a classic that celebrates builders. Once you read it, you’ll notice the same characters and events taking place today. - The Changing World Order by Ray Dalio - great for understanding how civilizations rise and fall and how crypto can help create better countries. - From Third World to First by Lee Kuan Yu (founder of Singapore) - talks about building a new country, worth reading for understanding nation-building.
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TheNewPhysics
TheNewPhysics@CharlesMullins2·
🚨 BREAKING: AI designed a rocket engine in just two weeks… then engineers 3D printed it. Not by copying old aerospace designs. By searching geometries humans rarely imagine. This may be where engineering starts evolving. What happens when machines begin discovering physics-shaped designs we wouldn’t have drawn ourselves? Follow me for frontier science and emerging tech.
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Silicon Mania
Silicon Mania@siliconmania·
last week in tech was based.
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Vinay
Vinay@leashless·
and indeed if only limited liability corporations couldn't make a bunch of profit by sacrificing consumers, then going bankrupt, we'd all be fine.
Handre@Handre

Soviet chandelier factories received production quotas measured in tons, not quality or function. Factory managers responded rationally to the incentive structure: they packed chandeliers with extra metal, concrete, and lead weights to hit their tonnage targets. The heavier the chandelier, the better their performance metrics looked to central planners in Moscow. Apartment dwellers across the USSR paid the price. Chandeliers weighing hundreds of pounds crashed through ceilings, destroying furniture and injuring families below. Reports from the 1970s and 1980s document dozens of ceiling collapses in Kiev, Leningrad, and Moscow as these industrial monstrosities proved too heavy for residential construction. Factory managers got their bonuses while citizens dodged falling light fixtures. The system worked exactly as designed. When you divorce production decisions from market prices and consumer preferences, you get perverse outcomes. Central planners measured success through crude metrics they could track from their desks, not through the satisfaction of end users. Factory managers optimized for the measurement system, not for making chandeliers that actually functioned as lighting. You see identical dynamics today wherever bureaucrats substitute their judgment for market mechanisms. Public school systems optimize for standardized test scores rather than education. Hospitals game Medicare reimbursement codes rather than focus on patient outcomes. Police departments chase arrest quotas rather than reducing crime. The Soviet chandelier problem lives on in every corner of the administrative state. The market solves the chandelier problem instantly through profit and loss. Customers refuse to buy chandeliers that destroy their homes, driving bad producers out of business and rewarding those who build functional products.

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