Markymark

Long term greedy, short term confused. Often inebriated. NFADYOR

[Markymark @Prudlex]

As we march headlong into an expanding global conflict, I am reminded of this powerful speech by Tony Benn. Shame on us all.

https://t.co/5hl7gDpxVS

[Markymark @Prudlex]

$ABXX - truly incredible witnessing the bad faith antics of shorts on this platform. These aren’t trustworthy people. A few I used to respect, but witnessing how they have conducted themselves, begs the question how many of their previous escapades have been similarly slimy.

Best ignored. They’ve been wrong countless times, and they’re wrong again here.

[Markymark @Prudlex]

$ABXX - these guys are the highest integrity people. Total confidence.

[Markymark @Prudlex]

@JoshCrumb @AlderLaneEggs @viceroyresearch @HedgeyeTV @AIMhonesty Don’t do it. Build the business. There is only downside.

[Markymark @Prudlex]

@AlderLaneEggs - surprised that you support a known practitioner of these slimy schemes.

[Scotty @scotty24287]

1/ A short-seller published a report that wiped ~R9.3bn off Capitec in a single day.

A regulator later FOUND the report made false statements.

A tribunal transcript revealed the firm was being PAID to write it.

The Viceroy story. 🧵 @viceroyresearch #29ers

[Markymark @Prudlex]

@viceroyresearch @grok how many regulated commodity exchange and clearing houses have been launched in the past decade?

[Markymark @Prudlex]

@endurancetest @viceroyresearch @chamath Bravo sir

[Markymark @Prudlex]

@UrbanKaoboy Thank you - appreciate this perspective.

[Markymark @Prudlex]

@AMK_Mapping_ Delete the post

[Markymark @Prudlex]

@UpslopeCapital @jimmyp897 But I am not as smart as you so can’t possibly understand market maker incentives.

[Markymark @Prudlex]

Arsenal wins the league, $ABXX up a bunch. Quite a nice day.

[Jeffrey Currie 🆔++ @CommodMkt]

You can’t print molecules (or atoms or joules). $Abaxx is a physically settled commodities exchange that will drive true price discovery and the flow of commodities globally.

As the picks and shovels play of the most asymmetric trade in financial history, $ABXX has exponential volume growth and a game-changing technology that can enable tokenization of real world assets.

The Abaxx Exchange has been setting new trading volume records, highlighted by its first 50k contract day. The 50k volume level positions ABAXX as an emerging global benchmark exchange while signalling that operating breakeven economics are within reach.

Additionally, $ABXX will be uplisted to the Toronto Stock Exchange this Thursday, opening up potential index inclusion in the weeks or months ahead driving more liquidity and lower cost of capital.

Volumes were primarily driven by the Singapore #Gold Kilobar (SGK) & our emerging flagship #LNG (GOM, NPA) benchmarks.

CEO Josh Crumb and I will be on an ATB client call this Thursday at 11am ET. Please contact your ATB representative for details.

[Markymark @Prudlex]

TIA.

Choose your friends people. Your happiness depends on it.

[Deedy @deedydas]

The vibes in SF feel pretty frenetic right now. The divide in outcomes is the worst I've ever seen.

Over the last 5yrs, a group of ~10k people - employees at Anthropic, OpenAI, xAI, Nvidia, Meta TBD, founders - have hit retirement wealth of well above $20M (back of the envelope AI estimation).

Everyone outside that group feels like they can work their well-paying (but <$500k) job for their whole life and never get there.

Worse yet, layoffs are in full swing. Many software engineers feel like their life's skill is no longer useful. The day to day role of most jobs has changed overnight with AI.

As a result,
1. The corporate ladder looks like the wrong building to climb.
Everyone's trying to align with a new set of career "paths": should I be a founder? Is it too late to join Anthropic / OpenAI? should I get into AI? what company stock will 10x next? People are demanding higher salaries and switching jobs more and more.

2. There’s a deep malaise about work (and its future).
Why even work at all for “peanuts”? Will my job even exist in a few years? Many feel helpless. You hear the “permanent underclass” conversation a lot, esp from young people. It's hard to focus on doing good work when you think "man, if I joined Anthropic 2yrs ago, I could retire"

3. The mid to late middle managers feel paralyzed.
Many have families and don't feel like they have the energy or network to just "start a company". They don't particularly have any AI skills. They see the writing on the wall: middle management is being hollowed out in many companies.

4. The rich aren’t particularly happy either.
No one is shedding tears for them (and rightfully so). But those who have "made it" experience a profound lack of purpose too. Some have gone from <$150k to >$50M in a few years with no ramp. It flips your life plans upside down. For some, comparison is the thief of joy. For some, they escape to NYC to "live life". For others still, they start companies "just cuz", often to win status points. They never imagined that by age 30, they'd be set. I once asked a post-economic founder friend why they didn't just sell the co and they said "and do what? right now, everyone wants to talk to me. if i sell, I will only have money."

I understand that many reading this scoff at the champagne problems of the valley. Society is warped in this tech bubble. What is often well-off anywhere else in the world is bang average here.

Unlike many other places, tenure, intelligence and hard work can be loosely correlated with outcomes in the Bay. Living through a societally transformative gold rush in that environment can be paralyzing. "Am I in the right place? Should I move? Is there time still left? Am I gonna make it?" It psychologically torments many who have moved here in search of "success".

Ironically, a frequent side effect of this torment is to spin up the very products making everyone rich in hopes that you too can vibecode your path to economic enlightenment.

[Stan @private_dataguy]

If you are short $PCT, and over 50% of the float of this company is shorted, you are now short:

1) the only company in the world that can produce FDA approved virgin quality rPP

2) with a growing regulatory mandate (EIGHT states today have laws requiring rPP)

3) the sole supplier to $SBUX $MC $CAG $PG $MARS and many many more Fortune 500s.

4) that in 3 years will become the LOW COST PRODUCER in the entire PP space.

This is the ball game folks. If you want to wait for the warrants to be called and your balance sheet short to officially be over that works too.

$PCT will be F500 company one day - today is a VERY important day.

[Markymark @Prudlex]

Buckle up

[Robert A. Pape @ProfessorPape]

Massive US airlift this morning to Gulf.

Strong indicator of attack on Iran likely imminent

[Markymark @Prudlex]

Being in the right place at the right time with the right answer won’t win the girl on its own. But it gives a man a fighting chance.

In for a penny. Godspeed.

[Josh Crumb 🆔++ @JoshCrumb]

One small step for 🆔++, one giant leap for agent kind. 🌖

This is the start, a first library release (more to come) of what could be the biggest moon shot within @abaxx_tech. I founded Abaxx ~eight years ago with digital identity at the core, the long horizon Thing that every other Thing gets us to. Turns out our architectural vision for humans was even more important for agents (the ones acting for humans, with protecting your data with accountability, skin in the game).

Digital Identity — 🔑 to unlocking the next stage of AI (a16z)
Digital Identity — 🔑 to unlocking real time token finance (Blackrock)
Sovereign Identity — 🔑 to reversing the enshitification of the internet for the next generation (Abaxx)

Now let’s put these libraries on a Tilt-A-Whirl. #29ers Please Retweet far and wide!
#MayDay #WorldBuildersOrBust $ABXX

[Markymark @Prudlex]

@pmarca @abaxx_labs

[Brooks Otterlake @i_zzzzzz]

Might try running a marathon now that I know it can be done in less than two hours

[Markymark @Prudlex]

@JoshCrumb @abaxx_tech Better to be lucky than good

[Markymark @Prudlex]

Espresso and a pack of cigarettes. The day melting into the evening.

[Santiago Capital @SantiagoAuFund]

What is better than drinking espresso in a cafe in a foreign capital watching the locals go about their day…?🤔

[Markymark @Prudlex]

Same is true for NZ

[🇦🇺Craig Tindale @ctindale]

What paralysis of intellect has us channelling wages to banks through the financialisation of shelter while remaining beholden to foreign powers for the basics of modern life?

We export raw abundance, reimport finished dependence, and call it sophistication.

We ship coal overseas, buy back the carbon as solar panels, and congratulate ourselves on moral progress.

We have treated house prices as national success and productive capacity as an afterthought. We have built a system resilient neither to strategic rivalry nor to disruption in the Middle East.

Australia has spent years confusing asset inflation with prosperity, financial engineering with statecraft, and imported complexity with sovereign capacity.

We sell raw materials, buy back dependency, import people and call the margin prosperity.

We congratulated ourselves for efficiency while dismantling redundancy, resilience and national competence.

The class that calls itself the nation’s intelligence can inflate land, subsidise demand and recite targets, yet cannot secure fuel, rebuild industry or think beyond the next property cycle.

And then comes the NDIS, handled with the usual implied moral vulgarity, as though a serious country must choose between caring for the vulnerable and maintaining a productive base.

Social obligations can’t float above material reality .

It must eventually rest on that reality .

A country that hollows out energy, industry, logistics and housing will eventually discover that its promises exceed its capacity.

Our aging demographics guarantee it

You cant secure the vulnerable by dismantling the machinery that funds their support. The NDIS is threatened by the same order that hollowed out the real economy and then feigned surprise when the social contract became expensive.

Donald Horne was right. Australia is a lucky country run by second-rate people. For a long time, distance, endowment and inertia concealed the fact. That cover is thinning. A nation that cannot tell the difference between wealth and extraction, between resilience and rhetoric, between civilisation and a housing bubble, will learn the lesson the hard way.