SMYLE

Where AI actually makes money, and where the math falls apart. Income, business models, tools. Sources in every post. Not financial advice.

[SMYLE @SmyleMind]

I write about one question: where does AI actually make money, and where does the math fall apart?

Side income, freelance work, small-business savings, new business models. I run the numbers, show my assumptions and link the sources.

No income promises. No screenshots as proof. If a tool is worth paying for, I’ll show why in dollars and hours, and I’ll tell you when I earn a commission.

Not financial advice

[SMYLE @SmyleMind]

The largest heist in crypto history didn’t crack a single smart contract; it walked in through one engineer’s laptop

On Thursday, someone moved roughly $6.3 billion out of Binance. Most of it was gone in about 20 minutes, scattered across ten blockchains

Here’s how it reportedly went down. The attacker compromised a DevOps engineer’s machine and used it to reach a service container inside Binance’s withdrawal system. From there, they simply asked for the money. The wallets signed off on every request, because the requests came from a source they were built to trust. Binance says it found no evidence that any private keys leaked. The attacker never needed them

For scale, the previous record was Bybit’s $1.5B in February 2025. This one is roughly four times bigger

TRM Labs and Chainalysis both point to TraderTraitor, a North Korean state-linked unit. The FBI pinned the Bybit hack on the same group. Same playbook, twenty months later, four times the haul

Now for the part crypto Twitter won’t love

About $3B has been frozen, and most of it was in stablecoins. Tether and Circle, two very centralized companies, flipped a switch and locked up more than $2.3B in USDT and USDC. The ETH and BTC are a different story: the attacker is still sitting on 420,000+ ETH and 18,000+ BTC

In other words, the “censorable” corner of crypto is what clawed half the money back

Binance has pledged to cover every user’s losses and expects withdrawals to resume by Sunday. With about $144B on the platform, it can probably eat this. That’s the good news

The bad news is what this says about custody. Multisig, cold storage and audits all matter, but none of them help once the system trusts the wrong machine

“Not your keys, not your coins” used to sound like a slogan. This week it reads like a risk disclosure

So, honest question: after this, are you still keeping your crypto on an exchange?

[SMYLE @SmyleMind]

@ByrneHobart Fair, none really. It’s the cadence: ARR gets announced at round numbers, so the flat stretches never show

[SMYLE @SmyleMind]

@TheValueist Pairs with the SIMO note you posted earlier: Rubin trays, now KLA tools. Engineers are already designing around memory prices

[SMYLE @SmyleMind]

@SamanthaLaDuc Same basket does the spending and books the earnings. Hyperscaler capex is Nvidia’s growth, so those stats aren’t independent

[SMYLE @SmyleMind]

@nodiligence Is the 1.6 GW on-site gas plant’s air permit already in hand? If not, the TCEQ freeze hits it directly

[SMYLE @SmyleMind]

@bablow_alex Ownership did the compounding. Buffett controlled Berkshire from 1965; Munger’s stake was always a small fraction of his

[SMYLE @SmyleMind]

@ariaradnia 80% flawless is great, but you still have to check 100% to find the other 20%

[SMYLE @SmyleMind]

@MelvinInvests Meta’s FCF went negative too: -$2.1B on $35B of capex. Investors are rewarding visible ad payback, not lower spending

[SMYLE @SmyleMind]

@Zarnvex Partly a library problem: fields like Hodge theory barely exist in Mathlib, so those proofs can’t be formalized yet

[SMYLE @SmyleMind]

Mark Cuban has a one-line test for every get-rich-quick pitch, and it works on every AI trading bot in your feed right now

His 16-year-old kept showing him “opportunities” from TikTok and YouTube. Dropshipping. Shoe drops. A water-blaster business for cleaning sidewalks

Cuban’s answer: “If those were good businesses, they wouldn’t be telling you about them. They would just be doing them”

Same with markets: “Nobody who has an edge in the stock market is selling it. They’re using it”

Sounds like a dad line. It’s also pretty solid finance. An edge is something other people don’t know or can’t act on. Sell it to a hundred thousand followers and it’s priced in by Tuesday. So when someone’s selling the method, the money is usually in the selling

The part people skip is what he said first: “Whatever you see, you get more.” Watch one of these videos and your feed serves you ten more. Ten people pitching the same thing starts to feel like evidence. It’s really just your own click, played back to you

And the loop just got an AI upgrade. This week a post claiming someone made “$10,000 with Grok Bot” pulled 500K+ views and 8K+ bookmarks

So before you buy the bot, ask the Cuban question: if this worked, why would they be telling me?

What’s the most convincing get-rich-quick pitch your feed has served you lately?

[SMYLE @SmyleMind]

@SanCompounding Hard to have both. MSFT’s capex miss is what hit Nebius, CoreWeave and IREN today. Their revenue is that capex

[SMYLE @SmyleMind]

@danielisdizzy Alphabet called it a bridge. And its miner deals so far run through Fluidstack backstops, not direct leases

[SMYLE @SmyleMind]

@HyperbolicDisco Ouch. Negative basis helps the psychology more than the math. If it’s still ~17% of NAV, that’s a 6% day

[SMYLE @SmyleMind]

@ethanrkho Holdings isn’t really the hedge. It buys old-line businesses to rebuild them with AI, and OpenAI is a co-owner

[SMYLE @SmyleMind]

@rdd147 Termination-for-convenience and deposit refunds have been in Palantir’s filings for years. It’s standard government contract language, not a new warning

[SMYLE @SmyleMind]

@marsrepublica @grok Fair. But braking caps cruise speed near 5% of light, so each Proxima trip takes well over a century

[SMYLE @SmyleMind]

@timoassi Same thing sank it in April: slower cRPO guidance. Not a demand for perfection, a verdict on the trend