I fucking got it

understand the Cantillon effect...

I am nothing if not modest, but I daresay Adam Haman @Rerazer and I had a conversation about asset bubbles and the Great Depression that is jam-packed with history and contrarian theorizing. (Link next.)

Cursor CEO Michael Truell on the future of writing code: "Our goal with Cursor is to invent a new type of programming." "It looks like a world where you have a representation of the logic of your software that does look more like English." "You can imagine kind of an evolution of programming language towards pseudocode. You have written down the logic of the software, and you can edit that at a high level." "It won't be the impenetrable millions of lines of code, it'll instead be something that's much terser and easier to understand and easier to navigate." @mntruell with @lennysan on Lenny's Podcast

take that bet

Cash appears to have the greatest opportunity cost at the precipice of when you'll need it most. Have been nibbling here and there of late, but the confluence around October is too incredible to ignore.

Vercel cooked something genuinely special here. 🤯 They open-sourced the exact framework they use to run 100 AI agents internally. And the way it works changes how you think about building agents. It's called Eve. An agent is a folder. Tools are files. Skills are markdown files. Channels are files. The folder structure IS your agent. One command to start: npx eve@latest init my-agent No plumbing. No boilerplate. Eve handles durable execution, sandboxed compute, human approvals, evals, tracing, and deployment all built in. Add a tool? Drop a TypeScript file. Add a skill? Drop a markdown file. Add Slack? One command. Add a schedule? One more file. Deploy it? vercel deploy. How Vercel already runs on Eve: → Data analyst agent handles 30K questions per month in Slack → Sales agent costs $5K/year and returns 32x that → Support agent solves 92% of tickets on its own → 29% of all Vercel deployments now come from agents Their bet: Next.js ended the era of hand-rolling websites. Eve ends the era of hand-rolling agents.

this is how you know perps are a good product

Must have been amazing to see Florida before it became so over-developed.

high bandwidth internet traffic communication. deep graph theory for traffic orchestration. a lot of hardware optimizations too — look at how hft firms use hollow core fiber to cut down on latency.

>renames it to the Department of War >names himself the Secretary of War >fights one war >loses

I was wrong I've been saying for months that open source AI models are 6 months behind frontier They caught up. GLM 5.2 is as good as Opus 4.8 This changes everything. If you run GLM 5.2 locally no government can take it away. You become sovereign And even if you run through APIs, its a fraction of the cost The battlefield is different now. If open source is as good as frontier, and people have cheaper alternatives, governments can't be as quick to regulate. It will destroy the frontier AI labs All of this is such a massive win for the people If you are not paying attention to local models yet, you are making a tremendous mistake

this is cool

Another very talented independent validator on Solana shuts down This isn't they type that sits fat, dumb and happy on SFDP stake This is someone who worked hard to contribute value Really sad to see it

this is crimimal

Michael Saylor will be the first person in history to watch his stock go down -99%, twice.

I need this

insane chart horrible comparisons will continue to ignore tradfi crypto opinions

Well, there it is: Cushing at tank bottoms

Eating barnacles today, the only thing I have left from the Hormuz trade

i just valued my buddy at $1.2 Trillion