Greg Phillips

The Boomers are starting to realize that selling what they have requires someone to buy it

BREAKING: New York bill would ban AI from answering questions related to medicine, law, dentistry, nursing, psychology, social work, engineering, & more.

Elon is confirming that Tesla will sell the Cybercab to end customers. That’s a big tell. Tesla isn’t building just a company-owned Robotaxi fleet. It’s building a hybrid network: part Tesla-owned, part customer-owned. A pure Tesla fleet would be capital heavy. Growth would depend on how many vehicles Tesla funds itself. But if customers can buy a Cybercab and plug it into the network, they fund the hardware while Tesla takes a cut of the miles. That’s asset-light scale layered on top of vertical integration. It also accelerates density. More vehicles on the network means better coverage, faster ETAs, higher utilization, and stronger network effects. And there’s a third angle people are missing: some buyers may purchase a Cybercab primarily for personal use— as a fully autonomous private vehicle— but choose to add it to the fleet occasionally when it’s idle. Others may never add it at all. Either way, it works for Tesla. It increases manufacturing scale, lowers unit costs, and expands the installed base of autonomy — while giving owners optionality to monetize the vehicle. Selling the vehicle doesn’t mean giving up control. Tesla still owns the autonomy stack, dispatch layer, software updates, and payments system. Even customer-owned Cybercabs operate inside Tesla’s ecosystem. If autonomy works, Tesla isn’t just selling cars. It’s building a mobility platform— funded partly by itself, partly by customers, and scalable far faster than a fleet-only model.

heres the real reason why regulators/banks dont want to let stablecoins pass yield- it destroys fractional reserve banking as a system consider the unspoken truth that "narrow banking" is practically illegal in the US. no entrants who wanted to run a 100% deposit only business has been successfully able to get a fed master account. what this really means is that the US financial system is entirely built on the backbone of credit --> "if you dont originate credit, you dont get to become a deposit institution" take that one step further where "productive" credit can only be originated without 1:1 coverage ratio, the ultimate business of banking is always the same: maturity transformation between savers and borrowers. for this is the only way the fractional reserve system can ever exist, which means the fatal flaw of is built into the very system of yield mechanism put simply, the idea of having a stablecoin that passes yield is by definition completely contradictory to the banking model. you obviously can't simultaneously do fractional reserve stuff and also be 1:1 "stable" so the yield question isnt really about customer rewards and affiliate marketing, thats just convenient gaslighting. its really about the endless cycle of credit on an semi-unstable yet regulatorily captive deposit base that capitalism must perpetuate at all cost. its always liquidity transformation: create more duration so that the day of reckoning gets forever postponed. until one day it fantastically implodes.

If this generalizes (a CEO making the decision to rip the AGI band-aid and cut 40% of the workforce overnight rather than have the org endure extended RIFs), then we could see a highly non-linear cliff in employment this year. Once a second CEO does it, it could cascade. Woosh.