Derek Manuge

3x Fintech Founder. 2 Exits. Investor. Operator. Engineer. Rational Optimist. 🇰🇾 🇨🇦 🇺🇸

[Derek Manuge @Manuge]

@mcuban @KjtheGreatPro https://t.co/OE7yEd5UDM

[Derek Manuge @Manuge]

Insurance. If a consumer does not want to bear the full cost of private healthcare when they need the service they would purchase private insurance in advance when they don't need the service. The reality is, healthcare is not free and is not a right. A free market provides the conditions for the lowest aggregate cost to the consumer. If you want the same standard of care for everyone regardless of price, you change the incentives, and thus this inevitably leads to a lower aggregate standard of care and higher aggregate costs...however, it's an interesting thought experiment to consider how one could achieve a hybrid (mixed) system while not introducing "sufficiently more adverse" outcomes than a free system.

[Mark Cuban @mcuban]

You stay competitively priced for normal people. How do all the “not normal” people pay for their care ? And if they can’t pay for their care, how do all the hospitals and doctors stay in business when everyone that is poor can’t pay for their care ?

Old people need the most care. And the don’t have much money. Let em get sick, stay sick, and die, so normal people get cheaper insurance ?

[Derek Manuge @Manuge]

A lot of people in this discussion would benefit from listening to Milton Friedman on the topic: https://t.co/sHwevqvfyx As an aside, there are plenty of examples of countries where minimal government intervention has led to better patient care outcomes and lower costs to the consumer.

[tobi lutke @tobi]

Self recommending must-read for Canadians.

“The path Canada is on, economically and culturally, is no longer sufficient to make us a flourishing world class nation.”

[Derek Manuge @Manuge]

@Jason I'm in

[Derek Manuge @Manuge]

@Muhatcapital What only analyze 5 years of history?

[Derek Manuge @Manuge]

@fhoro https://t.co/4YyBR3njJG

[Derek Manuge @Manuge]

@ddebow I'm honestly confused on why we aren't keeping repeat offenders in jail. Why would a competent government not want this if they truly cared about the well-being of their citizenry? And yet our government actively votes against these proposed motions.

[Derek Manuge @Manuge]

Another trait I noticed about 4.20 is that it can suffer from "over confidence" with answers (which Gemini is notorious for). When several answers are simultaneously true, it can sometimes "go all in" on one. Perhaps it's preference, but if we are optimizing for truth, a more balanced response or a trigger to obtain more information from the user might guide towards resolving the uncertainty in choice. I see this as a post-training calibration issue so I'm sure it's easily solvable.

[Derek Manuge @Manuge]

@elonmusk Honest feedback as a Grok power user...Expert 4 is better than Expert 4.20 for thinking and reasoning (more so with financial and legal matters). I would prefer to use version 4 if I had the option. @forwarddeploy

[Derek Manuge @Manuge]

@tobi And unfortunately no end in sight. What can we do?

[Derek Manuge @Manuge]

@danielfoch Lots of factors, but it's environment and incentives. Canada does not have the same risk-taking culture as the US (just look at the LTGE vs. QSBS limits). My advice to founders is that if you want to raise capital or sell, just go to the US.

[Derek Manuge @Manuge]

@supersimon77 @Shopify Thanks. Will check it out.

[The Knowledge Archivist @KnowledgeArchiv]

“A people that has forgotten its traditions, its ancestors, and the sacrifices that bought its freedom is a people already conquered. For the man without memory is easily ruled, and the man without roots is easily led.”

—Hilaire Belloc

[Derek Manuge @Manuge]

100%. I felt the same way again when DeepSeek (et al) "introduced" reinforcement learning in their models a few years ago. I remember building trading algos 15 years ago based on John Moody's research (pioneer of Recurrent RL) and assumed RL (or a variation of it) was being used by the foundation labs. Such an obvious way to improve model performance. Makes me wonder what other techniques are being ignored because each new model is either a marginal iteration of the prior model version and/or a retraining with more compute.

[Derek Manuge @Manuge]

@REDWRITER @Dogetothemoon Do you have any details on how the X card handles FX (if at all)?

[Derek Manuge @Manuge]

The key to X Money's success will be if they can offer a truly "global" card with no FX fees and near-market exchange rates. The problem with many of the market-leading cards today is that they are only open to US residents (or those with a valid TIN) and the non-US fees make them unusable when travelling... I'm sure this is the focus of @nikitabier @elonmusk . Excited for it to happen.

[Josh Kale @JoshKale]

X Money just went live in beta and it’s gotta be the single best financial product on the market today

These numbers don't even make sense:
- 6% APY on deposits
- Insured up to $250,000 = $15,000/yr in interest, $1,250/mo when maxed
- The metal card gives 3% cashback on all purchases matching Robinhood gold

Also equipped with direct deposit support from your day job and creator payout support from your posting

Everything flows into one account.
Earning 6% APY on the way in, and 3% on the way out.
I'm not sure how sustainable this is but man is it compelling.

images from @REDWRITER who's been sharing some great stuff

[Derek Manuge @Manuge]

@tylermeredith "For standards of living it is a poor insight. Since petro states and tax havens do exceedingly well on it." ...a simple search would show that countries like UAE, Bermuda, Monaco all have exceptionally high standards of living, exceeding that of Canada.

[Derek Manuge @Manuge]

Possibly via Collosus' network? Otherwise the solution needs to work within the Visa/MC network and that is the source of the fees. Ultimately the merchant wants local currency (MXN) vs. local stables, which is the challenge for almost all markets (except e.g. USD=USDC, EUR=EURC).