Anonymous Cynic

There is something sinister and nihilistic about witnessing @elonmusk⁩ tweeting as his empire burns

@karkwonk @technomancers @alexkaplan0 Lmao these cretins just quote their own made up BS now

@technomancers @alexkaplan0 There has been no observed superconductivity at 100K. The plot from that “study” (video screenshot) showed the sample matching the resistance of known metals, right down until it hit the noise floor of their instrument. You’d get the same plot measuring copper or aluminum

It's as close to official as we'll probably get: LK-99 is likely simply a ferromagnetic material, which explains its levitating properties, according to new research from Peking University. The room temperature superconductivity revolution will have to wait another day.

Maybe GPT-4 being as good as hype artists claimed was a hallucination this entire time

@TheJinKang @twobitidiot Nah just all moves to Tether, and that scam is govt sponsored

@twobitidiot The amount of nonsense on Twitter was re: USDC. But one thing is clear: if Circle / USDC goes down, there is no crypto.

@nic_carter What about customer-held securities of broker-dealers? Suppose some entity such as Schwab or Fidelity suffer runs (unlikely but this is academic). Is there ever a concern over custodied stocks / assets?

everyone I know including myself will be wiring funds to the largest bank they have a relationship on Monday morning it’s not “will it become systemic” it was systemic when the 16th largest bank failed and FDIC and Fed dithered about stepping bc “Silicon Valley” & “tech bros”

@2aQueer What happens to customer securities (stocks) in a bank run scenario?

I never in my life thought I'd be participating in a bank run, but here I am. My Wells Fargo and Schwab checking accounts are empty.

@biancoresearch Ray Dalio next. This billionaire class that cheerfully lectured folks to embrace US decline by investing in China are about to get a harsh lesson in why rule of law matters

He said this yesterday. I'm surprised this is not more widely reported. ---- "I'm personally affected because I have an account with HSBC in Shanghai. I can't get my money out. The government is restricting the flow of money out of the country," Mobius said on Thursday on the Fox Business show "Mornings with Maria". "So I would be very, very careful investing in China," the founder of Mobius Capital Partners said. Mobius, who has spent decades traveling the world searching for investment opportunities, said he hasn't been able to get an explanation about why he's running into the restrictions in China. "It's just amazing. They're putting all kinds of barriers," he said. "They don't say, 'No, you can't get your money out,' but they say, 'Give us all the records from 20 years of how you've made this money,' and so forth. It's crazy." markets.businessinsider.com/news/stocks/ma…

@twobitidiot lmao at this cope

@_Checkmatey_ Was this possibility discussed and debated during the Segwit discussions or was this just missed?

This is a beautiful test of #Bitcoin resistance to change. Many folks who carry huge clout in this space declare it spam. But they also know that change is risky, and extremely hard to achieve rough consensus. Id say inscriptions stepped us closer to ossification as a result.

Many Bitcoiners who are crabby about inscriptions...are also the soldiers that fought tooth and nail for SegWit in the 2017 UASF blocksize wars, which makes it possible. The best part is that nobody can do anything about it, except outcompete for blockspace in the free market.

@twobitidiot @GaryGensler This cope is *chef’s kiss* 😚

@edstromandrew You look like Anthony Wiener

Dadbod.

@summerlinARK You’re assuming consumers start using these cute toy demos in large numbers, which they probably won’t

Game theory on the Bing announcement… Microsoft is trying to lower Google’s search margins which will make it harder for Google to continue running Cloud and other competitive businesses at a loss. Google processes ~8.5 billion searches per day. The noise around Bing/AI will force Google to release an AI chat feature within search. The current inference costs for LLMs are significantly higher than search - likely 10x or more. In addition, the monetization model for AI chat is unclear, but it's likely different than the ad-based model Google has mastered. Google's search business is highly profitable and funds other loss-making business lines. Historically, they have operated cloud at a loss (-$480mm in Q4 FY22) to compete more aggressively. Lowering search margins applies pressure to every other Alphabet business…many of which are competitive with Microsoft.

@jespow Cope harder scammer

Oh man, all I had to do was fill out a form on a website and tell people that staking rewards come from staking? Wish I'd seen this video before paying a $30m fine and agreeing to permanently shut down the service in the US. How dumb do I look. Gosh. ⛽️💡 cnbc.com/video/2023/02/…

@ohaiom The simple forms are intimidating to you because they make it extremely plain that 99% of these projects are breaking the law. This entire BS industry needs to be shut down and that is exactly what is happening; the whole framing of your comments seems like weird cope

I find the SEC’s “all crypto projects have to do is come in and register” line unbelievably insulting. It assumes there’s this vast quantity of sophisticated securities lawyers advising clients, “nah man, screw the SEC, yolo baby, do whatever you want.” 1/6

@twobitidiot Most extreme and hilarious cope I have ever seen. Yeah man with the economy in shambles, crypto exchanges and token projects are totally going to be a deciding issue in 2024 😂

@CCofNavarro @BeyondDeception @AP_Abacus @CNBC Exactly. 100% are illegal securities with zero legal ambiguity. He’s been super clear, crypto bros are just not getting it or in denial.

UPDATE: Gary Gensler on @CNBC this AM - “this should put everyone on notice in the crypto industry. Everyone in the industry should come in to compliance.” **Gensler uses the phrase “not your keys, not your coins.” Signaling further action against exchanges.

@catherwu Ted Chiang for short sci fi. Start with the “stories of your life and others” collection.

looking for some good short fiction reads for a book club 📚 any recs?

@blakestonks Have you considered that the move down was unwarranted and based on an irrationally negative narrative that is now clearing?

Want to know how disconnected from reality the market is? $META - Huge miss on EPS & down 52% from same time last year. - Revenue barely beats. - Quarterly profit down 55% Stock is up 19% AH, beacuse of buyback lmao.

@garywu Generative AI is a feature, not a product. Lots of startup founders will need to learn this the hard way

Technical moat for 95% of generative AI 'products' right now is zero. Most of these products are features that can be hacked together in a week. Market structure for these products will approach perfect competition.

@rachel_l_woods It’s really more like Direct To Influencer or Direct To Startup Founder

Sad that I had left this one in my drafts in December ChatGPT as "DTC" of foundational models is still a pretty compelling way to think about it

I find this cult of the "celebrity intellectual" to be pervasive and disgusting in the extreme. Is this Firing Line or Project Runway? I can't tell anymore.