toly 🇺🇸

1/ today we're releasing muse spark, the first model from MSL. nine months ago we rebuilt our ai stack from scratch. new infrastructure, new architecture, new data pipelines. muse spark is the result of that work, and now it powers meta ai. 🧵

This is my 3rd bear market. It is the worst one I’ve experienced. In past years prices went down a lot and 50 of us just made memes and prayed for coins to go up for 2 years. This bear market feels much more brutal even though prices didn’t drop as far for majors (yet). Vibes are horrible. Much more toxicity. And the geopolitical stuff isn’t helping and AI stole a lot of mindshare from a lot of really strong crypto talent. Maybe it’s recency bias, but I don’t think so. I have memories of having a lot of fun during prior bear markets, even with my bags down 99%. It wasn’t fun every day, and it was still painful, but had its moments and memes. Anyways, I guess the silver lining is that crypto is gaining adoption and when we make it out of this, it’s probably gonna be really fucking cool.

Marc Andreessen thinks Elon Musk hasn't just built successful companies, he might have actually cracked the code on how to manage for the next hundred years. The fundamental problem with any traditional organization that has multiple layers of management is what Andreessen brilliantly describes as "compounding lies." Every layer distorts reality just a little bit more until the original mission is completely lost in the bureaucracy. Musk’s method completely destroys that outdated corporate structure. It relies entirely on an extreme focus on substance and getting straight to the truth. By stripping away the noise, he has figured out the exact blueprint to reconcile being a chaotic fountain of ideas with being a ruthless, systematic builder.

this is my 6th bear market. it is by far the best i've experienced. the light at the end of the tunnel is so bright