Cofounder got 0.06%. Brutal.

“The artwork came first. The object came later.” In May 2021, Jake Rockland released Patchwork Saguaros on Art Blocks. Only 72 outputs exist. I own two of them: #52 and #48. I minted #52 myself. That detail matters. Buying an artwork years later is one thing. Minting is different. You’re making a decision before you know exactly what you’re going to receive. In hindsight, #52 remains one of my favorite mints. I acquired #48 in January 2025. At the time, my interest had very little to do with cacti. I was drawn to the work because it felt like a successful abstraction. The compositions were simple, recognizable, and memorable. The underlying subject mattered less than the fact that Jake had found a way to reduce it into something that felt inevitable. I’ve spent years collecting generative art, and one thing I’ve learned is that the strongest works often teach you what they are about long after you’ve acquired them. This weekend I’m in Scottsdale, staying at @the_phoenician . The resort has a cactus garden, and for the first time I spent real time looking at saguaros up close. The funny part is that the actual plant felt strangely familiar. Not because I knew much about saguaros in 2021. I didn’t. The artwork came first. The object came later. For five years, my primary relationship with the saguaro existed through an artist’s interpretation of it. Then suddenly there it was. The same silhouette. The same geometry. The same improbable form rising out of the desert. And the real thing is every bit as remarkable as the artwork suggested. Saguaros can live for centuries. They spend decades growing before producing their first arm. They are found naturally only in the Sonoran Desert. They are among the most distinctive plants on Earth. What struck me standing there wasn’t that the artwork resembled the cactus. It was that the cactus resembled the artwork I had been living with for years. People often think collecting is about ownership. For me it has increasingly become about attention. The best artists point your attention toward things that might otherwise escape notice. Sometimes those things are ideas. Sometimes they are places. Sometimes they are living things. Five years ago I saw something in Jake’s work. This week I found myself looking at a saguaro and realizing that the work had quietly expanded my experience of the world long before I arrived in the desert. That is one reason I continue to collect. Not because art replaces reality. Because great art changes the way reality is encountered when it finally arrives.

One if the most difficult parts of trading is ignoring reality

A friend of mine had her embryos screened by Herasight and they found one with an IQ score in the 99.99th percentile

just woke up why is everything red

It's official. MicroStrategy, $MSTR, is now facing its biggest unrealized loss in history, at -$10.8 billion. In other words, after 6 years of buying Bitcoin, the company is now down -17% on its position. By comparison, the S&P 500 is up 116% over this same timeframe. Since MicroStrategy sold 32 Bitcoin at $77,135 per coin, their positions has lost -$11.8 billion in value. This puts MicroStrategy's stock, $MSTR, down -77% since its record high. Bear market is an understatement.

One of the most important things to understand about the moment we are living in

$MU Bargain of the Century PE Ratio: 15.5 Sales Ratio: 2.33 50% Increase in HBM (AI Memory) Sequentially. DRAM/NAND prices are surging.