Dan Fordyce

Is anyone building physically settled derivatives for 1M tokens from a specific AI model (eg. a one month dated future for 1M Opus 4.7 tokens) Physical settlement here might be the killer app for decentralized compute networks?

What's happening in Baltimore is slowly suffusing into the American consciousness. It's a genuinely great development that should be receiving more attention.

"internet native deal guys" the great dealmaker ceos of the last five years (sama, f, etc.) are playing a very different game from the great dealmakers of the past (eisner, chambers) the new generation are playing these deals like they’re video games, low alpha high beta, repeated reps, multiple swings at bat. very little concern over pissing off your counterparty because you can roll again. its craps now, not poker. its much easier to play like this online than in person. its not a coincidence that these deals are being structured over signal chats, not over three martini lunches. you can't look a man in the eye and retrade the same deal 24 times, but you can do it over signal, especially with deleting messages. information warfare at the micro interaction level. its very clear that this is working, or at least working for a subset of opportunities. i do really wonder about the longevity.

For example, The French Laundry in Napa is a 3 Michelin star restaurant founded by Thomas Keller, who also owns Per Se in NYC. A friend graciously introduced me to their team, with whom I'm going to spend a weekend working and learning from. I'm so excited.