Parity.hl @0xparity - Twitter Profile

Some thoughts on $META and why it is undervalued Meta is spending hundreds of billions on AI compute. Critics say this is wasteful etc as Meta does not have a leading frontier LLM right now. In my view, this capex spending gives Meta massive leverage. Compute is as good as cash in this market, as there is virtually infinite demand for compute right now. 1. Meta could tomorrow decide to rent all of its compute to Anthropic or OpenAI. Now they have a leading AI cloud and are printing money. We just saw @xai do this with Colossus 1. 2. They could lower their own AI costs by hosting free open source models (GLM 5.2) on their compute instead of paying for Claude and Codex. 3. They could also continue to train LLMs on their compute and obtain a frontier model. Compute gives you optionality, and optionality is underpriced when nobody knows who wins

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0xParity retweeted

jeff.hl

@chameleon_jeff

about 1 year ago

Hyperliquid’s fully onchain liquidations cannot be compared with underreported CEX liquidations Hyperliquid is a blockchain where every order, trade, and liquidation happens onchain. Anyone can permissionlessly verify the chain’s execution, including all liquidations and their fair execution for all users. Furthermore, anyone can verify the solvency of the entire system in real time. Transparency and neutrality are key reasons that fully onchain defi is the ideal infrastructure for global finance. Some CEXs publicly document that they dramatically underreport user liquidations. For example on Binance, even if there are thousands of liquidation orders in the same second, only one is reported. Because liquidations happen in bursts, this could easily be 100x under-reporting under some conditions. Source below. Hopefully the industry will see transparency and neutrality as important features of the new financial system, and others will follow.