The next mega bubbles that will help you escape the underclass:
1. Robotics (producers & picks and shovels — what goes into production?)
2. Space (space n aliens n stuff)
3. Energy (Uranium, battery companies, etc)
4. World financialization (stablecoins)
After that it’s over, you either made it or you didn’t
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470 days ago, we began Act I and in the days since, many of the roots of our direction have continued.
The powers that are training the superintelligence are set to control what will be known, said and done on behalf of humanity. The infrastructure powering AI: compute, data, energy, is owned by a handful of corporations and governments. The rest of us rent access and hope the terms don’t change.
Cognition should be self-owned. It belongs to all of us. Governance over the future should be widely distributed and post-AGI futures must not lead to extreme power concentration.
Entered crypto in 2017 and this is on par with late 2018 to 2019 as the toughest market condition for crypto market participants.
Survival is the name of the game now.
Feel like some haven’t understood it yet so I’ll just spell it out-
1. Stop asking wen Alt season- alt seasons as you know them are no more. Just occasional dumb pockets of liquidity— like when the noob gets his monthly paycheck and goes to the casino or poker room to gamble against the odds and eventually lose it.
2. The 4 year btc cycle is also no more. Inflation halvings dont matter under 1% emissions as now, and macro cycles have been repressed by the US money printing. We will just get more random and unpredictable choppiness now.
3. The retarded ‘L1 premium’ is no more. It finally got saturated with all the chains. You want premium, go build smth that actually innovates and can get to sustainable revenue.
Clear enough? Adapt or get chopped up. No pressure— just your whole future bloodline depending on you getting this right.
IF U.S. incomes spiked 60%, we'd return to pre-pandemic housing affordability levels
IF U.S. home prices fell 38%, we'd return to pre-pandemic affordability
IF mortgage rates fell 4.15 percentage points (from 6.5% to 2.23%), we'd return to pre-pandemic affordability