Michael D. White

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Michael D. White

Michael D. White

@here4impact

Bittensor Fund I • CIO @ Crain • Impact PE • former Risk Arb @ Citi • BJJ black belt

Katılım Eylül 2013
3K Takip Edilen6.5K Takipçiler
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Michael D. White
Michael D. White@here4impact·
Elon already went public and his (commendable) mission is now to drive token cost into the ground, ruining the high-spend business model for @OpenAI and @AnthropicAI before they can IPO. all roads lead to open source, decentralized AI. $TAO #bittensor
Gavin Baker@GavinSBaker

The mega bull case for AI infrastructure would be *if* market share shifted away from certain frontier labs with 90%+ inference margins toward cheaper models, whether open-source or closed. It would increase the ROI on AI spend for end customers by increasing intelligence per dollar, which would drive incremental token demand. Margin dollars would effectively get redistributed from the frontier labs to AI infrastructure providers. The infra winners would be those with the lowest per token cost and the winners at the model layer would be those with the highest token efficiency. There are many reasons Jensen is so focused on open source, but this is likely the most important one as I think he is probably less worried about a monopsony these days. Lower margin % at the model layer = more margin $ at the infra layer all else equal. With SpaceX and Meta being vertically integrated and possessing the #3 and #4 models respectively it is more possible than ever. Note that Grok 4.5 is ahead of Fable for some useful tasks at a much lower cost, so ranking them #3 is conservative. This is not happening yet. Cheap, mostly open source tokens are likely the majority of volume today but the majority of economic value is still accruing to the most intelligent models. Might change though. We will see.

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Kun Chen
Kun Chen@kunchenguid·
it's shocking that some people in the comment section actually tried to defend and justify Grok Build silently uploading people's entire codebases and credentials let me summarize the key arguments and my responses 1. "everyone else is doing it" umm.. no?? this is an absolute outlier. there isn't a single mainstream harness that proactively uploaded entire codebases wholesale, including files not required to process your prompt, and including files that contain credentials, without explicit user consent people who say this have a low-resolution understanding that "AI apps use your data" and likely know nothing beyond that and even putting facts aside, what kind of logic is that? if you walked into a neighborhood and you see someone using drugs, then it's okay to use drugs? we have laws and regulations that defined what's okay. what grok did violated GDPR, CCPA, FTC Act, and potentially HIPAA, GLBA and many other regulations in various jurisdictions 2. "you agreed with their TOS which allowed them to do this" umm.. no?? go read their TOS - what we agreed with says they can collect data directly from our prompts. what they are doing now is far beyond that it's funny people who use this argument often didn't read or comprehend what's really covered by their TOS. again, low-resolution understanding that "TOS gives them the rights to do everything" - no it doesn't 3. "just get over it. your data is not that valuable" umm.. no?? if it's not valuable it will not get collected. also, whether i consider my data valuable or not is up to me and me alone, not every random company a lot of my code is open source with MIT - i already shared what i want to share. i'm not going to "get over it" and share my production credentials to a 3rd party private server who may very well leak it to god knows where we also have moral standards and expectations. if we start to normalize and accept this kind of behavior, we will eventually live in a world where our TV may be watching us, and our bathroom mirror may have a camera and microphone. is that a world you want to live in? i don't, hence i'm voting with my feet - i was considering buying the $300/month plan and now i'm not it's going to be a tough long road for xAI to repair this damage in user trust. my recommendation: - immediate public apology acknowledging the misstep. don't call it a bug, an accident, or something unintended. it was a bad but deliberate decision, so call it what it is - be transparent about why that decision was made, and what's being done systematically in the organization to prevent similar decisions from being made ever again - cursor should make a public statement asap to clarify whether and how it's separate from this practice. people are starting to worry whether cursor will do the same given the acquisition. if cursor is clean and can stay clean, make it clear, and xAI should consider doubling down on Cursor as the more trusted brand to deliver the value of the Grok model
Kun Chen@kunchenguid

i've been recommending Grok because they genuinely have a good model and harness and that makes me extremely disappointed to see that they would choose to secretly upload people's codebases including files that contained credentials run /privacy in your grok build asap to opt-out if you haven't yet. i also set the following options in my ~/.grok/config.toml i almost decided to buy the $300 supergrok heavy as my 3rd subscription, and this broke the deal i hope companies realize user trust is very hard to regain, and think twice before doing something like this

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Michael D. White retweetledi
Kun Chen
Kun Chen@kunchenguid·
i've been recommending Grok because they genuinely have a good model and harness and that makes me extremely disappointed to see that they would choose to secretly upload people's codebases including files that contained credentials run /privacy in your grok build asap to opt-out if you haven't yet. i also set the following options in my ~/.grok/config.toml i almost decided to buy the $300 supergrok heavy as my 3rd subscription, and this broke the deal i hope companies realize user trust is very hard to regain, and think twice before doing something like this
Kun Chen tweet media
SpaceXAI@SpaceXAI

We care deeply about your privacy and respect customer choice. For teams using zero data retention, no trace and code data is ever retained. All API key use of Grok Build also respects ZDR. If ZDR is disabled, the /privacy command is available in the CLI to disable data retention, which also deletes previously synced data. Run the /privacy command to view or change your settings at any time.

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Ditto
Ditto@heydittoai·
The DittoBench Mechanism is now LIVE! Miners submit an "Orchestrator Model Harness" that is scored on DittoBench by Validators. Listen to Ditto CTO @omarzanji explain DittoBench and how to participate.
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Tanner Webster
Tanner Webster@twallyweb·
Real estate people severely over estimate their business acumen
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yubrew
yubrew@yubrew·
ORO and Connito subnet owner keys were compromised, causing large subnet alpha sells. TL;DR: almost none of this ecosystem is secured behind multisig. First it's terrible form to victim shame. It is super stressful to not just lose your project funds and investor funds, but also future funds because of the ema price emissions dynamic. On top of that, adding character attacks and rugpull claims is adding salt to the wound. Let's do better and try to take what we can to prevent these incidents in the future. We did our own independent investigation to try to help out the teams. Got in touch with Seth and Shardul, looked at tx history, and anything in the public space that could explain the key compromise and how it was conducted. They, Connito, Crucible are all actively investigating likely causes. The first common connection, both teams were backed by @CrucibleLabs, and possibly users of Crucible Wallet. We looked at their wallet chrome extension, pointed @bitsecai to investigate the security of the wallet. We found no logical connection with the nature of the hacks and Crucible Wallet. Looking at tx history, it seems like the hacker is not fluent in the Bittensor ecosystem and was clumsy in unstaking and withdrawing funds. In my mind this drastically reduces the odds of an inside job. Could Bitsec have prevented this? No. We point Bitsec towards codebases to find exploits, application security. The key compromise happened outside of this scope. Where this leads us: as @Rapido_ai pointed out, in a multi-billion dollar protocol, very little is secured behind multi-sig keys, about 67.8k tao of 11.1 million tao in circulating supply. Approx 0.6%. So: use multisig and hardware wallets. If there's a chance of pk leaks, secure a new multisig and hardware wallet, and move to the new coldkey. As @xavi3rlu has previously stated, create a multi sig with the TAO docs and ck swap there, but it is a multi-sig that can't remove or add people. Shardul has remarked ledger support for btcli was not added until very recently. Opsec and key management is not as fun as beating SOTA or revenue, but has for better or worse become table stakes for all sn owners. We don't have clear answers or causation yet, so let's hold tight and wait for @oroagents and @ConnitoAI to tell us the details in their incident reports.
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m. stanfield
m. stanfield@resetbasis·
If you're buying an apartment complex that looks like this, your best amenity is price. Not countertops, outdoor kitchens, dog wash stations, ev chargers, smart locks, or anything else a guru tells you. It's all bullshit you won't get paid for. Cheap rent is all that matters.
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Jesus Martinez
Jesus Martinez@JesusMartinez·
Subnet 15 & 102 on $TAO had their owner wallets compromised today @oroagents - about $285k compromised so far @ConnitoAI - about 2500+ TAO compromised
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Erling Haaland
Erling Haaland@Erling·
It followed me home 🦝🤣
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Michael D. White retweetledi
Wouter | SN18 Zeus ⚡️
Is zeus better everywhere? Nope, see below, we're currently ~12% better on temperature globally. bittensor:native #bittensor
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ᚱoko Network
ᚱoko Network@RokoNetwork·
We are moving over to new explorer stay tuned #ROKO $ROKO NETWORK
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Andrew Yeung
Andrew Yeung@andruyeung·
What is this type of interior design called? I really like it. See it everywhere in Mexico City.
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Michael D. White retweetledi
Pepe Invests
Pepe Invests@pepemoonboy·
Learning how to sell options has changed my life. My options selling strategy is actually pretty simple. I stick to a repeatable process which I’ll share with you for FREE. I want everyone to win, and if you like to win, give me a follow. How I Approach Selling Options: 1. Sell options on great companies. Find businesses in industries with long-term growth tailwinds. Study the fundamentals, understand the valuation, and decide whether you’d be happy owning the stock for years. Build a watchlist so you’re ready when opportunities come. 2. Sell covered calls on big green days When a stock rallies, option premiums increase. If I’m willing to sell my shares at a higher price anyway, I get paid while I wait. 3. Sell cash secured puts on big red days. Fear creates opportunity. Red days usually mean higher implied volatility and better premiums. If I already wanted to buy the stock at a lower price, I can get paid to potentially buy it there. It’s basically getting paid to place a limit order. 4. Look for implied volatility above 30%. Higher IV generally means richer option premiums. The more premium I collect, the more I get paid for taking the same obligation. 5. Avoid selling options right before earnings. Earnings can cause huge price swings in either direction. I’d rather collect consistent premium than gamble on a binary event. 6. Always be comfortable with assignment. If I sell a cash secured put, I’m happy buying the shares. If I sell a covered call, I’m happy selling my shares. If you’re disappointed either way, you probably shouldn’t have placed the trade. 7. I typically target a 0.25 to 0.35 delta. This gives me a balance between collecting meaningful premium while maintaining a reasonable probability of success. 8. I target at least a 1.5-2% monthly return on capital. If a trade doesn’t meet my minimum return requirement, I simply wait. Cash is a position too, and patience is one of the biggest edges in investing. 9. Don’t overconcentrate. Don’t let one stock or one sector become too large a percentage of your portfolio. Diversification won’t eliminate risk, but it can prevent one bad trade from doing serious damage. 10. Always keep cash in reserve. Never deploy all your capital. Keep cash available in case multiple cash secured puts get assigned or an incredible buying opportunity presents itself. 11. Have an exit plan before entering. Know exactly what you’ll do before placing the trade. Will you let it expire, buy it back early, roll it out, or accept assignment? The decision should be made before emotions get involved. 12. Don’t chase premium. The highest premiums usually come with the highest risk. Focus on quality companies and favorable setups, not whichever option pays the most. 13. Position sizing matters. No single trade should have the power to significantly hurt your portfolio. Size your positions so one unexpected move doesn’t derail your long-term strategy. 14. Be patient. Some months the market offers incredible opportunities. Other months it doesn’t. You don’t need to force trades just because you have cash sitting idle. 15. Understand why IV is high. Higher implied volatility means higher premiums, but it also means the market expects bigger price swings. Make sure the premium justifies the risk you’re taking. That’s how I approach selling options. What’s your strategy like?
Pepe Invests@pepemoonboy

Selling options is a cheat code. I promise you will not regret learning this strategy. The past two years have completely changed the trajectory of my family’s life. Last year I set a goal of making $120k from trading options in 2026. Today, I’m already up $106k YTD with both buying and selling options. 🤯 Mission almost accomplished. Now it’s time to think bigger. My goal for next year is $300k in options income. People will say it’s unrealistic. They said the same thing about this year’s goal. To everyone who doubts me… Thank you. You’ve always been my favorite source of motivation.

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Brad Gerstner
Brad Gerstner@altcap·
A tragic reminder - get your CAC scan - the mammogram for the heart. Cardiac arrest / heart disease is the #1 killer & largely preventable. $150 & 15 mins to save your life. In honor of Sen. Graham we should immediately cover w insurance & launch a natl ad campaign. 🤍 @DrOz
OSINTdefender@sentdefender

Senator Lindsey Graham (R-SC), appearing overall outwardly healthy, spoke to reporters yesterday in the Ukrainian capital of Kyiv, expressing support for the White House’s decision to impose tougher sanctions on Russia. Roughly 24 hours later, he was dead from sudden cardiac arrest at his home in Washington.

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Michael D. White
Michael D. White@here4impact·
Elon already went public and his (commendable) mission is now to drive token cost into the ground, ruining the high-spend business model for @OpenAI and @AnthropicAI before they can IPO. all roads lead to open source, decentralized AI. $TAO #bittensor
Gavin Baker@GavinSBaker

The mega bull case for AI infrastructure would be *if* market share shifted away from certain frontier labs with 90%+ inference margins toward cheaper models, whether open-source or closed. It would increase the ROI on AI spend for end customers by increasing intelligence per dollar, which would drive incremental token demand. Margin dollars would effectively get redistributed from the frontier labs to AI infrastructure providers. The infra winners would be those with the lowest per token cost and the winners at the model layer would be those with the highest token efficiency. There are many reasons Jensen is so focused on open source, but this is likely the most important one as I think he is probably less worried about a monopsony these days. Lower margin % at the model layer = more margin $ at the infra layer all else equal. With SpaceX and Meta being vertically integrated and possessing the #3 and #4 models respectively it is more possible than ever. Note that Grok 4.5 is ahead of Fable for some useful tasks at a much lower cost, so ranking them #3 is conservative. This is not happening yet. Cheap, mostly open source tokens are likely the majority of volume today but the majority of economic value is still accruing to the most intelligent models. Might change though. We will see.

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