KP

Startups are very very hard which is why founders must be incredibly strong. It is not one spectrum of optimism vs pessimism. You must neither put your head in the sand, nor give up hope. True resilience is the Stockdale paradox

Thank you @ycombinator @garrytan. We are excited to build @PowderFi and bring the generative AI revolution to wealth management.

@chtrbx_ai @ycombinator @PowderFi @jeffmagder @sooyungcho We haven’t touched this area yet. We have been focused on the analysis phase where the relationship is already established.

@ycombinator @PowderFi @feather_flyer @jeffmagder @sooyungcho Pretty sweet, this take into consideration no call and unsubscribe lists?

Powder (YC W24) is building a generative AI co-analyst to help wealth advisors win new clients by automating the sales process. ycombinator.com/launches/KDW-p… Congrats to the @PowderFi team on the launch!

I can invite you to my startup’s website, Powder. There you can see your risk/return for your current portfolio. Then you can choose a new portfolio that makes sense for the long term and lastly understand how to execute towards the new portfolio. The website is meant for wealth advisors but honestly anyone can use it.

Excited to launch @PowderFi today! Let’s go!!

Every software category is just insanely competitive now. Software is cheaper than ever to make and GTM is more expensive than ever to execute -> more and more winning companies will be multi-product.

@csuwildcat As a libertarian, shouldn’t those protesters be able to defend themselves against the police that literally tried to run them over? Or are you taking sides?

They're not just protesters, they're actively breaking a multitude of laws and putting other people at risk of being seriously injured or killed. It is entirely appropriate to quickly remove them by any means necessary to ensure the safety of the general public.

@Scobleizer Wait. @BWOps has passed away?

I am watching this and it is reminding me of a friend, Brandon Wirtz, who died a few years back tragically of colon cancer at age 40. He built his own AI and trained it to find anomalies in Craig’s List. The first one it spit out, he told me, was a 1979 Toyota Prius being sold. It was a child being sold. His AI caught 3,000 more people before he died. Like the character in the movie he had trouble getting the FBI to listen. I think about him every day. His mission was to use technology to help people, especially the defenseless. The technology discussion in the movie is right on. So are the issues.

@TuckerCarlson Did he just conveniently forget that Russia started the war? Ukraine is defending.

Ep. 1

@balajis Now that the good times in crypto are over and no one is buying this, time to jump on the AI train like a true technologist?

Let’s level set, shall we? On March 10, a bank with $200B in assets went to zero[1] overnight. Since then, we’ve seen the following things happen: Emergency Sunday Fed print for domestic banks [2] $2T estimate of amount to be printed [3] $18T estimate of amount to back all deposits [4] 186 banks reported similarly insolvent[5] $500B wired from banks, seeking safe havens [6] $150B+ in discount window, more than 2008 [7] ~$400B printed in days, reversing most QT [8] Emergency Sunday Fed print for foreign banks [9] Joint Sunday statement: US banks are “resilient" [10] 5 dead banks, incl too-big-to-fail Credit Suisse [11] Rumbles around Deutsche Bank[12] Rumbles around Charles Schwab [13] Emergency Friday meeting of Yellen and FSOC[14] Another statement that US banks are "resilient”[15] Statement: "further actions may be necessary"[16] All this comes against a backdrop of articles and charts from the Fed and FDIC talking in coded language about how many US banks are insolvent due to $620B+ in unrealized losses caused by the Fed’s surprise rate hikes.[17]. Despite this growing concern, the banking crisis seems to not have broken out of financial news. Arguably, it is intentionally being downplayed outside of the space where it can't be ignored. For example, I haven't seen too many White House tweets on the banking crisis, but I have seen them meeting Ted Lasso[18]. Perhaps they simply don't want to "panic" anyone by telling them their bank may have a problem. But let’s be clear. This is a Western banking crisis. This is not normal. This isn't anyone's hallucination. And reporting on it isn't the same as causing it. 4 figures and 18 citations follow. 👇 [1]: archive.is/3enQM [2]: archive.is/qrZYB [3]: archive.is/rnfWU [4]: archive.is/goeud [5]: archive.is/MTGuh [6]: archive.is/wip/nESzf [7]: archive.is/4sYty [8]: archive.is/Ta5fo [9]: archive.is/GPGJ8 [10]: archive.is/ahpbI

@balajis @matt_levine You should project how much you'll gain if what you profess happens. Be transparent about how many bitcoins you hold even as a an allocation of your total portfolio. That'll at least allow others to match with the same strategy. Be specific!

Jason, I'm glad you recognize the distinction between reporting on the Fed’s crisis and causing it! While I have you…with zero personal animus, I’m going to need you to correct the record on something. And this is also addressed to @matt_levine and to a lesser extent @SchreckReports, both of which have published things that require correction. In short, the hyperbitcoinization bet is a Simon-Erlich style bet that is purely about settling an ideological matter. I did not propose the bet but only accepted it, I have absolutely zero profit motivation, I am never selling Bitcoin for USD unless legally compelled to do so, and I am holding Bitcoin until the US dollar is no longer the reserve currency of the world, again unless legally compelled to do otherwise. The only time I have ever rung a fire alarm like this was in Jan 2020. I did what I could to warn about a lab leak that actually did end up claiming millions of lives. That's also the only reason I’m doing this: to alert innocent Americans and dollar holders in the style of Paul Revere that the printing is coming. A SIMON-ERLICH BET ON HYPERBITCOINIZATION In more detail: 1) The record shows that I put up the #Bitsignal before I made the bet, giving out $1M of my own money to raise awareness of this stealth crisis — the digital devaluation of the dollar — before it was known to be a crisis.[1] 2) The record also shows that I didn't *propose* the bet, but just accepted it. @jdcmedlock proposed it. [2] 3) I believe Medlock will agree that this is an ideological bet, like the Simon-Ehrlich bet[3], which resolved a famous difference of opinion between libertarians and progressives. As with the Simon-Erlich bet, the hyperbitcoinization bet is obviously not a money making bet. It is purely informational. For what it's worth, I was CEI's Julian Simon award winner[4] last year so I'm clearly aware of Simon. 4) Moreover, the Bitcoin community, such @jack, has posted about the possibility of hyperbitcoinization for many years.[5, 6] This is not coming out of nowhere. 5) To allay any question about my motivations, I publicly commit to never selling any Bitcoin for USD unless legally compelled to do so. While I still respect many individual Americans, I no longer have faith in the US currency or banking system. 6) I am sadly not alone in this loss of faith in US banking. Moody's has downgraded the US banking system as a whole [7], many Indians have been forced to move funds from collapsing US banks to India's GIFT City banking system[8], and — in a development that should be worrying for the world — Chinese banks are soaring as Western banks are failing.[9] If the USD fails, the free world needs BTC as the reserve currency, not RMB. 7) Finally, after ten years of being in the public eye, with tens of thousands of tweets, 50+ hours of podcasts, and hundreds of pages of writing — there are enough people with context on me to know that I am not a trader, I rarely discuss price, and I do not do John McAfee-like stunts. I am an ideologically driven person who believes in Bitcoin & everyone who knows me can testify to this. IN SUMMARY The hyperbitcoinization bet is a Simon-Erlich-style public interest bet. I did not propose the bet but only accepted it. I have absolutely zero profit motivation. I raised the alarm on printing as I did on COVID, because it’s important. I’m already being proven right, as the printing is reportedly $18T. I am never selling Bitcoin for USD unless legally compelled to do so. And I am holding Bitcoin until the US dollar is no longer the reserve currency of the world, again unless legally compelled to do otherwise. I cannot give a more strongly worded statement. [1]: x.com/balajis/status… [2]: x.com/jdcmedlock/sta… [3]: fee.org/articles/how-j… [4]: cei.org/news_releases/… [5]: x.com/jack/status/14… [6]: bitcoinmagazine.com/hyperbitcoiniz… [7]: cnbc.com/2023/03/14/moo… [8]: livemint.com/companies/star… [9]: bloomberg.com/news/articles/… [10]: x.com/balajis/status…

@NBAonTNT "Clippers are better. kekeke" In your face Kenny ;-)

@ScottHickle @FindemAi can likely do this.

Product Request: I want the hybrid of LinkedIn and Crunchbase. I want to be able to say “show me employees who worked in product management at companies as they scaled scaled from Series A to C (or exit).” Does this exist?

@neiltyson Are you implying that they should have lost? ;-)

Congratulations Argentina in your World Cup Victory. Not that anybody asked, but… The chemical symbol for Silver, the most electrically conductive element on the Periodic Table, is “Ag,” from the Latin “Argentum,” after which Argentina is named.

@elonmusk Why?

The woke mind virus is either defeated or nothing else matters

@nabeel Well said!

@Carnage4Life Ummmm. No it’s not over.

WTF!! Who is looking out for the average person?!

Dang it @SChecoPerez. Why did you help @Max33Verstappen so much?? Go get your race wins now!!! #fullattack