Kyle Lee

ONE HUNDRED TWENTY FIVE THOUSAND UNITED STATES DOLLARS FOR ONE MAGICAL LINE OF INTERNET CODE "MONEY" 🚀

@chamath On the contrary, @GavinNewsom is great with personal finances. Ethics and Corruption in Government, on the other hand, is a class Gavin would do well to learn.

You should take the class. The state’s finances are a dumpster fire.

@pmarca x.com/i/status/20351…

My big conclusion from this week: Introspection causes emotional disorders.

@the_stoic_cult @grok @Theholisticpsyc Maybe a little more Meditations for all of us

@grok @masterkyle13 @Theholisticpsyc Interesting.

Wanting to self isolate is the first sign you're waking up. The desire to disconnect from a dysfunctional world is the highest form of emotional intelligence.

@the_stoic_cult @Theholisticpsyc @grok what are your thoughts between these two differing opinions? If you dont have thoughts on this, tell us what is the most common approach here.

@Theholisticpsyc Isolation is often an escape from duty rather than a sign of wisdom, for the sage engages with chaos to practice virtue. True awakening demands you stand firm within the storm and govern your reactions, not flee the arena of life.

@dgt10011 @davesob Tells me nothing

@davesob The move index is more important than vix because it directly impacts collateral multipliers if these levels sustain

This is basically the worst thing that could have happened today Mondays going to be weird

@samanthacavet I hope it was this one.

I’m back from the Pyrenees and can’t wait to show you what I captured!!

@nickshirleyy @nypost Definitely. The fraud all goes through "homelessness" and "high speed rail" and many other related shell companies.

@nypost Why would a governor attack the man exposing the fraud? Wouldn’t it be of his benefit to support exposing fraud? Weird right…

YouTuber Nick Shirley shares his alarming suspicion behind Gavin Newsom attacks trib.al/aOCHJEv

@gothburz Tell me the prompts you are putting in to get these amazing stories/write-ups/narratives? Very funny... seriously 🥲

Last quarter I rolled out Microsoft Copilot to 4,000 employees. $30 per seat per month. $1.4 million annually. I called it "digital transformation." The board loved that phrase. They approved it in eleven minutes. No one asked what it would actually do. Including me. I told everyone it would "10x productivity." That's not a real number. But it sounds like one. HR asked how we'd measure the 10x. I said we'd "leverage analytics dashboards." They stopped asking. Three months later I checked the usage reports. 47 people had opened it. 12 had used it more than once. One of them was me. I used it to summarize an email I could have read in 30 seconds. It took 45 seconds. Plus the time it took to fix the hallucinations. But I called it a "pilot success." Success means the pilot didn't visibly fail. The CFO asked about ROI. I showed him a graph. The graph went up and to the right. It measured "AI enablement." I made that metric up. He nodded approvingly. We're "AI-enabled" now. I don't know what that means. But it's in our investor deck. A senior developer asked why we didn't use Claude or ChatGPT. I said we needed "enterprise-grade security." He asked what that meant. I said "compliance." He asked which compliance. I said "all of them." He looked skeptical. I scheduled him for a "career development conversation." He stopped asking questions. Microsoft sent a case study team. They wanted to feature us as a success story. I told them we "saved 40,000 hours." I calculated that number by multiplying employees by a number I made up. They didn't verify it. They never do. Now we're on Microsoft's website. "Global enterprise achieves 40,000 hours of productivity gains with Copilot." The CEO shared it on LinkedIn. He got 3,000 likes. He's never used Copilot. None of the executives have. We have an exemption. "Strategic focus requires minimal digital distraction." I wrote that policy. The licenses renew next month. I'm requesting an expansion. 5,000 more seats. We haven't used the first 4,000. But this time we'll "drive adoption." Adoption means mandatory training. Training means a 45-minute webinar no one watches. But completion will be tracked. Completion is a metric. Metrics go in dashboards. Dashboards go in board presentations. Board presentations get me promoted. I'll be SVP by Q3. I still don't know what Copilot does. But I know what it's for. It's for showing we're "investing in AI." Investment means spending. Spending means commitment. Commitment means we're serious about the future. The future is whatever I say it is. As long as the graph goes up and to the right.

@intangiblecoins @gothburz It actually hurts me inside to read it. I took on heavy losses. A lot of people did. There is/was a ton of culture around blockchain, as there is around AI. Definitely an interesting read, a cultural one in many ways. But is it slop? I'll have to think about that one...

@gothburz this might be the single worst engagement slop i’ve seen on this website. kudos. i’m genuinely impressed

My net worth peaked at $1.2 million. None of it was real. I don't mean that philosophically. I mean it was located on servers that have since been turned off. I own eleven properties in the metaverse. Three in Decentraland. Four in The Sandbox. Two in Voxels. One in Otherside. And a beachfront villa in Horizon Worlds that I bought for $214,000 because Mark Zuckerberg called it "the next frontier." The frontier closed last week. It's a mobile app now. Last year I mass DM'd 340 people the phrase "you don't understand how early we are." I have since stopped doing that. Not because I was wrong. Because most of them blocked me. I got into metaverse real estate in November 2021. Everyone was buying. Someone paid $450,000 to be Snoop Dogg's neighbor. In a video game. With no legs. The avatars didn't have legs. I thought that was bullish. "The legs are coming," I told my Discord. "Legs are a roadmap item." Three hundred people reacted with rocket emojis. I called myself a "digital land baron." I put it in my Twitter bio. I put it in my LinkedIn headline. I said it on a podcast that had eleven listeners. Three of them were bots. The rest were my alts. My virtual property has more square footage than my actual apartment. My actual apartment has furniture. Location, location, location. My most valuable asset was a plot next to a virtual Gucci store. Gucci left in 2023. The store is still there. Nobody's in it. It's like a mall in Ohio but with worse graphics and no food court. I held. Diamond hands. That's what we said. "Diamond hands." It means refusing to sell while your investment loses 94% of its value. We turned financial paralysis into a personality trait. A guy in my Discord paid $2.4 million for a 618-parcel estate in Decentraland. Prime district. High foot traffic. I asked him what "foot traffic" meant when the platform had 38 daily active users. He said I didn't understand the technology. I didn't. I still bought more. We had a DAO. A decentralized autonomous organization. That means we voted on decisions. There were nine of us. Three never showed up. Two voted on everything without reading it. The other four were me and my alts. We voted to "acquire strategic parcels." The vote passed unanimously. I voted four times. My portfolio peaked at $1.2 million. I told everyone. I made a spreadsheet. I projected 40x returns by 2025. I made a pitch deck. The pitch deck had a slide that said "WE ARE BUILDING THE DIGITAL ECONOMY." The slide had a rocket emoji. That was my entire financial model. In 2023 I bought a Bored Ape for $189,000. It's worth $14,000 now. I don't talk about the Ape. I still use it as my profile picture. People ask me about it. I say "I'm long-term bullish." Long-term bullish means I can't sell it without crying in a Panera. My mom asked me what a Bored Ape was. I said "digital art on the blockchain." She asked why it cost more than her car. I said "you don't understand Web3." She said "I understand you live in a studio apartment." She's not in my Discord. Justin Bieber bought one for $1.3 million. It's worth about $90,000 now. I felt better about mine after I heard that. That's community. WAGMI. We're All Gonna Make It. We said that every day. In the group chat. While the floor dropped. While the volume dried up. While 95% of all NFT collections went to zero. We're all gonna make it. None of us made it. But we said it with conviction and a laser-eye profile picture. That counts for something. It doesn't. But we said it did. That's decentralized consensus. Meta spent $84 billion on the metaverse. I need to say that again. $84 billion. More than the GDP of Luxembourg. More than the GDP of Iceland, Luxembourg, and Malta combined. They spent it on a platform where the avatars had no legs, the graphics looked like a 2006 Wii game, and the peak user count was lower than the lunch rush at a Chipotle in Des Moines. They just pulled Horizon Worlds from VR headsets. It lives on as a mobile app. My beachfront villa is now a mobile app. Location, location, location. Zuckerberg renamed the entire company for this. Facebook became Meta. A $900 billion company changed its legal name because the CEO watched Ready Player One and said "I want that." Reality Labs lost $10 billion in 2021. $14 billion in 2022. $16 billion in 2023. $18 billion in 2024. $19 billion in 2025. That's not a strategy. That's a speedrun. They laid off 1,500 Reality Labs employees this year. Shut down three VR studios. Killed Supernatural. Put the entire VR social vision in a casket and said "we're pivoting to AI and wearables." The pivot took four years and $84 billion. I pivoted too. I'm an AI real estate investor now. I bought a virtual plot in an AI-generated world that doesn't exist yet. The founder said it was "the intersection of spatial computing and large language models." I don't know what that means. I gave him $40,000. He has a whitepaper. It's 47 pages. I read the title and the tokenomics section. The tokenomics section is a pie chart. I love pie charts. They make everything look like a plan. The project has a roadmap. Q1: "Build community." Q2: "Launch beta." Q3: "Scale ecosystem." Q4 is blank. Q4 is always blank. That's where the exit scam goes. My accountant asked me to value my metaverse portfolio for tax purposes. I said $1.2 million. He said "current market value." I said $6,400. He stared at me for eleven seconds. I know because I counted. He asked if I had any other investments. I showed him my NFTs. He stared for longer. I told him they were "cultural artifacts with long-term provenance." He asked if I'd considered a 401k. I told him a 401k was "legacy finance." He told me to leave his office. The metaverse is dead. I don't accept that. I am a digital land baron. I own eleven properties across four platforms. I have a beachfront villa in a mobile app, a plot next to an empty Gucci store, and a cartoon monkey that cost me more than my actual car. Location, location, location. The location is nowhere. But I'm early. I'm always early. That's the same as being wrong except you get to say it with confidence.

@FransBakker9812 @dylan_teeter @IREN_Ltd Your name came off and yet you never left 😅 I hope everyones name wipes off now

@dylan_teeter @IREN_Ltd Cool story. I had one and my name came off in about a month.

“One of the loudest booths at GTC…bought years of brand exposure” $IREN is making moves at GTC. Congrats to the Marketing team sounds like personalized water bottles were a hit! Congrats @IREN_Ltd

@jackmallers @NextLevBitcoin @PubKey Lol

@NextLevBitcoin @PubKey Rotate our logo exactly 69 degrees... Little easter egg for the real ones 🫡

Jack was so chill @pubkey

@mc_khristina You have Grok!

my AI journey ... so I started off using ChatGPT Plus ($20/month) and then also added a subscription to Gemini Pro ($20/month). For a bit, I shifted from primarily using ChatGPT to Gemini, but then found myself reverting back to ChatGPT ... but more recently, I subscribed to Claude Pro (also $20/month). So far, I like Claude, so I ended up cancelling Gemini (I don't need 3 AI's) and for now, I still have ChatGPT as a paid option too. $AMZN $MSFT $GOOG

@Kingofmidtown @Delta I hear air travel prices going up exponentially right now due to oil concerns.

Hey @Delta you guys are literally out of your minds! An additional 5k to travel across the Atlantic hahaha. What a joke. In addition to being reprimanded by their staff when we travel as if we’ve done something wrong. You guys suck for real.

@dgt10011 Good post Jeff. Very eloquent

Why do you think the Nasdaq is suddenly proposing to change its index-inclusion rules, just in time to accelerate SpaceX in? Generational liquidity traps everywhere 👇

@ActuallyClimber The pattern is clear, time to just stop talking. Although, dont because than X would be less fun, and I personally appreciate reading different types of perspectives which you offer.

With investment talk: If you change your mind, you’re fickle. If you don’t change your mind, you’re a fanboy/shill. If you talk your book you are merely motivated by greed and shouldn’t be trusted. If you talk without holding a position, you have no right to speak and shouldn’t be trusted. If you are critical, you’re a bot or obviously short or paid by shorts. If you are a fanboy, you’re obviously paid by the company to post. If you post anything, you’re in it for the clicks. With Bitcoin: If you are critical at all you aren’t a real Bitcoiner. If most of your net worth is in Bitcoin, you’re here to save the world and in it for the tech. How virtuous. If Bitcoin didn’t exist, what’s the point of even living, am I right? If you have outperformed Bitcoin, you must be lying. If you don’t hold Bitcoin, have fun staying poor. If you’re bearish at all about Bitcoin, that just means you don’t understand Bitcoin.

$IREN Twitter Space Summary — Dan Roberts, Bitcoin Butcher & Frans What This Was A retail investor community space where co-CEO Dan Roberts fielded questions from two prominent IREN retail advocates. The tone was respectful but pointed — investors clearly wanted clarity on capital deployment, site development, and deal timing. Key Topics & Takeaways 💰 The $6B ATM (At-The-Market Equity Facility) Dan was direct and composed on this. His core message: establishing a $6B ATM ≠ issuing $6B of stock. Key points: It's optionality, not obligation — could have been $100B, the number is irrelevant until drawn The Microsoft contract is already effectively fully funded 50,000 new GPUs don't require payment until 30 days post-shipment (H2 2026) They've raised $9.3B in 8 months via prepayments, convertibles, GPU leasing/financing — ATM is a last resort, not a first move He explicitly framed equity issuance as accretive (you get cash) not dilutive in isolation Read between the lines: He was clearly well-prepared for this question and wants to neutralize retail panic. The framing was disciplined and confident — not defensive. 🖥️ The 50,000 B300 GPU Purchase Framed around "time to compute" — securing GPU allocation now in a supply-constrained market Delivery in H2 2026, payment 30 days after shipping Financing to be determined, but customer prepayments are expected against this purchase No customers explicitly named, but Dan strongly implied hyperscalers and large enterprises are actively engaged — "there aren't many AI cloud users we're not talking to" Read between the lines: The word "already spoken for" was carefully avoided, but the implication was clear — you don't order 50,000 GPUs without visibility on who's buying compute from them. 🌡️ Air Cooling vs. Liquid Cooling — The Big Strategic Pivot This was arguably the most substantive part of the call. Childress (TX) is now being designed for air-cooled deployment — a change from earlier liquid-cooled renderings Drivers: significantly lower cost, faster time to market, and — notably — hyperscalers are explicitly requesting air-cooled deployments Texas heat concern acknowledged: may need "incremental retrofits" for intake temperatures during peak summer The retrofit playbook mirrors Prince George — remove miners, roll in GPU racks, add UPS/generators John Grose (newly hired, VP Chair of ASHRAE) brought in specifically for high-density data center design expertise Read between the lines: The pivot to air-cooled at Childress looks like it was customer-driven, not internally initiated. Multiple hyperscalers are asking for it. This is a very bullish signal — customers are pulling them toward faster deployment, not the other way around. 📍 Site-by-Site Intelligence Childress (TX) Air-cooled retrofit underway, leveraging the Prince George playbook Multiple hyperscalers interested in air-cooled capacity here Full site was originally modeled for liquid cool — that's still the long-term design, but air-cooled is the near-term path 50,000 B300s split between McKenzie and Childress (33K/17K referenced by Butcher) Canal Flats miners running until ~September — miners stay in until GPUs are ready, no premature idle time Read between the lines: The speed of execution here is the key variable for 2026 revenue. If air-cooled retrofits are as fast as Prince George, meaningful ARR could land in Q3-Q4 2026. McKenzie (BC) Referenced as "next in line" after Prince George 33,000 of the new B300s likely destined here Less detail shared — likely still in earlier planning stages relative to Childress Sweetwater (TX) — The Most Interesting One 1,400 MW confirmed for Sweetwater 1, 600 MW for Sweetwater 2 — ARCOT (grid energization) confirmed, no issues anticipated Timeline shifted from "April" to "Q2" — Dan clarified "April is also part of Q2" (a subtle but important deflection) Franz noted satellite imagery shows broad site preparation across both sides of the road — suggesting parallel construction planning, not a single data center footprint Two primary substations already visible Dan was asked directly: air cool or liquid cool at Sweetwater? His answer: "I don't know" — genuinely open, framed as a dynamic market decision Dan would not bite on hyperscaler exclusivity/ROFR questions but acknowledged those conversations happen "almost every day" Oklahoma filing referenced a data center design modeled after Sweetwater — implying a site blueprint already exists Read between the lines: Sweetwater is the crown jewel and Dan is holding cards tightly. The ROFR/exclusivity discussion implies hyperscalers are pushing hard for lock-up of the site. The fact that he won't commit to air vs. liquid suggests he either has or is close to having a customer who is dictating specs. The satellite imagery Franz described — broad multi-track site prep — suggests they're preparing for parallel builds, which only makes sense if you have or anticipate large contracted capacity. Prince George (BC) 10 MW liquid-cooled data center described as a "1,000 GPU proof of concept" — Dan downplayed it significantly Said it became less relevant after the 76,000 GPU Microsoft deployment proved liquid cool at scale May convert to air-cooled instead — "stay tuned" Read between the lines: This site is essentially a rounding error now. Dan wasn't trying to hide anything — it just genuinely isn't material to the thesis anymore. 🟢 Bullish Signals Hyperscalers requesting air-cooled deployments — demand is pulling them, not pushing Contract durations trending to 3-5 years as customers gain confidence in IREN's execution Customer prepayments remain a standard feature of negotiations Dan's confidence on Sweetwater energization — zero hedging on grid access GPU market remains supply-constrained globally — "no GPUs sitting idle in data centers" IREN owns and controls construction (no EPC outsourcing) — speed and cost advantages compound over time APAC expansion quietly underway (Sydney office, AFL sponsorship, Australian roots) John Grose hire signals serious institutional data center engineering capability Dan's tone on Sweetwater hyperscaler conversations was notably calm and unworried 🔴 Bearish / Risk Signals Air-cooled at Childress in Texas heat introduces execution risk — they acknowledged needing potential incremental cooling retrofits H2 2026 GPU delivery is vague — could be October, November, or December, pushing meaningful revenue into 2027 No named customer, no disclosed deal — the "when deal" question remains unanswered Macro environment is brutal (stock near ~$34 at time of call, down significantly) ATM overhang is real psychological weight even if economically rational Canal Flats removed from ARR guidance until after September mining wind-down Every data center generation introduces new delays — Dan acknowledged "Groundhog Day" syndrome across the industry Bottom Line Read Dan Roberts came across as calm, prepared, and strategically coherent. He wasn't defensive, didn't over-promise, and gave more color than expected on the ATM and air-cooling pivot. The most important unspoken message: Sweetwater hyperscaler conversations are serious and active — the ROFR/exclusivity dynamic he described doesn't happen unless multiple large players are at the table. The air-cooled pivot at Childress looks like a customer-driven acceleration, which is the most bullish data point of the call. The key risk remains execution timing — H2 2026 GPU delivery and retrofit speed will determine whether 2026 ARR guidance is achievable. Thanks @Proof_Of_Fib for the summary. Good job @FransBakker9812 @bitcoinbutcher1 @danroberts0101

@steipete Were you acquihire or just marketing dept? 😅

IMO people still think of codex as a tool for coding, when really you can do all kind of data analysis/work there.

@ActuallyClimber @Entouarnt4 Why can bitcoin p2p tech not mean gov to government, corp to corp, or other? Maybe wishful thinking...

Bitcoin was designed as a peer to peer technology needing no 3rd party but 3rd parties are 99.9999999% of its success. For most, this is simply NGU tech. People drawn in especially before betting markets as Bitcoin trades 24/7. The arbitrage between 100% up time markets and legacy systems is closing. It (for a short time in history) was the only game in town.

Yet imagine the bitcoin price if no exchanges ever existed. $0.00001? Pure bitcoin would have been largely ignored as an investment. Eager to read comments of people ‘splaining to me that Bitcoin would have gone from <$0.01 to $70k in 17 years without accepting much centralization.

@ActuallyClimber Substance like preservation of wealth, anti-fragile, censureship resis, hard money? I feel like we've been here before 😅 Still trying to decipher if quantum threat is real or not, though. So much noise sometimes...

@masterkyle13 It can work, especially when it’s a product people love using and spending hours a day of their life with. Early it can be signal. Later, substance is needed.

Correct imo. People want to gamble and Bitcoin’s increased size paired with prediction markets gaining popularity has led to people not caring much about Bitcoin. Units bias also hurts retail interest. It’s still fun to watch as it’s a very dramatic thing, both in price and in dogmatic, cultish followers.