TRAINING variant-pluralis.here.now/

Thanks to Arbion I can now touch grass.

We’re excited to propose Ownership Capital. Ownership Capital would be: - A MetaDAO-native fund taking an activist approach - Run by @allocateur and @agentmechanic, two entrepreneurs who previously built successful businesses in their home country of Georgia and spent the last 5 years running a successful crypto prop firm - Anchored with $2M of MetaDAO’s capital You can trade META-039, authorizing its creation, here: metadao.fi/projects/metadao/…

Hedging demand for spot rental prices of GPUs is not a market segment I considered, to a fault. I could see this market growing quite large, adjacent to new business models for providing GPUs like the cloud brokerage or pods model.

New markets are the whole game.  Intelligence is getting cheap. The constraint isn't how smart the agents are. It's whether there's a liquid market for them to express their intelligence. As the cost of spinning up a market approaches zero, that becomes the binding problem. If you're excited about this future, my DMs are open!

After Backrooms and Netflix’s recent deals with youtube creators and formats like Mark Rober, Ms. Rachel, and Pop the Balloon, it’s pretty clear that the next gen of IP will start on youtube. Build the audience first, prove demand, then let studios and streaming platforms license or acquire it. I also think this could help solve Hollywood’s theater problem. Instead of spending hundreds of millions on mediocre concepts that don’t bring people to theaters, studios can tap into creators who already have millions of subscribers with proven concepts. If that works, Youtube could become the farm system for Hollywood and likely headed for some sort of content renaissance driven by creators

We wrote extended thoughts on how a company can create core unlocks and a strong “why now” for compute markets here: x.com/firstc0in/status/20543…

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One issue with spot markets (where traders can resell) is that they would drastically increase the price of compute as speculators pour in. This in turn reduces the % of utilized compute. Terrible for the AI race.

This article’s core assumption is that commodities futures need to attract hedgers. Is this correct? Can these markets succeed on speculation alone?

The only markets that matter - Power - Compute - Tokens

Compute markets will be a thing… eventually. But not yet New commodity futures markets form when supply-side monopolies break, asset standards emerge, and there’s robust physical settlement infrastructure Compute markets today are putting one foot in front of the other. Directionally, the space is promising. But when we look at it through the lens of historical commodity markets, our contrarian take is it’s just too early to build a startup solely focused on creating a robust futures market

The ability to create earn & borrow products will become so commoditized that most companies with proprietary data they can leverage to better underwrite risk will do it. YouTube, Deel, and Uber are obvious, but opportunities are everywhere, think Substack, Airbnb, Spotify, etc.