This is sad!
You may or may not know, @TrustWallet faced this exact same bug years ago, a pseudo-random number generator, ie, not truly random, $12m in losses. They covered every user.
Software will always have bugs. What matters is who’s behind it.
@MarkiiiWeb3 New beginnings here as well. Had a few personal & family setbacks this summer but getting back in the saddle.
Keeping building Markiii!
Just my 2 cents of what I’ve been thinking about lately…
I could one day see companies eventually sponsoring Tesla Robotaxi rides, which could quietly create an entirely new business for Tesla.
Imagine opening the Tesla app and seeing a sponsored ride from a company like McDonald’s, Nike, Apple, Coca-Cola, or Netflix. A brand could cover part, or even all, of your fare in exchange for getting its name/products in front of riders.
Everyone wins in this situation.
Riders pay less, brands get customers through the door, and Tesla creates another high-margin revenue stream on top of the ride itself.
Companies could also sponsor themed Cybercabs with custom wraps, offer exclusive discounts during the ride, or reward loyalty members with ride credits. For example, a restaurant could offer a free ride home after dinner. A retailer could sponsor rides to a shopping center during the holidays. Events, concerts, and sports teams could cover transportation for fans.
And since Tesla controls the vehicles, the software, and the app, it can tie the entire experience together in a way traditional ride-hailing companies simply can’t.
The awesome thing is that this will not require Tesla to reinvent anything… once the Robotaxi network reaches meaningful scale, adding sponsorships would mostly be a software and business development opportunity. It could help lower ride prices, increase demand, keep vehicles busier, and generate additional high-margin revenue with relatively little added $ cost.
Tesla hasn’t announced anything like this, so it’s just an idea today.
But it feels like one of those obvious opportunities that becomes much more valuable as the Robotaxi network grows into the millions. The autonomous transportation business alone is super exciting, but if Tesla can layer advertising and brand partnerships on top, it could unlock another meaningful revenue stream that many investors are probably not thinking about today.
Tesla turned car buying into a two-minute online errand.
Which is hilarious, because traditional dealerships somehow managed to make buying a car feel like applying for citizenship.
Configure online.
Order fast.
Finish in the app.
No pressure.
No haggling.
No little office where the mood gets weird.
Buying a car should not require emotional recovery time.
@Tesla / Writer: Annette, Designer: Janné
When Cybercab becomes available, people are going to do the mental math very quickly.
Around $30K for a car that can drive itself, charge wirelessly, cost very little per mile, and skip most of the normal car-owner headaches.
Then it gets more interesting.
Sleep on the way.
Work on the way.
Send it on errands.
Let it pick someone up.
Let it earn when you are not using it.
For elderly people, disabled passengers, busy families, and anyone tired of parking, Cybercab starts making a ridiculous amount of sense.
Everyone will want one eventually.
Some people just need to see it working first.
@Tesla / Writer: Annette, Designer: Janné
What would you do if the technology we already use every day was about to become more powerful than almost anyone is prepared for?
That’s the question I kept coming back to in this conversation with Daniel Kokotajlo.
Daniel was an Artificial Intelligence (AI) safety researcher at OpenAI who walked away from the company because he was deeply concerned by the speed at which superintelligence was being built and whether the people building it had a real plan to keep it under control.
Back in 2021, Daniel made specific predictions about what AI would look like by 2026 and many of them have already happened.
Now he’s looking ahead at what he believes could happen before the end of this decade and it’s something I think everyone running a business, building a career, or simply living in the modern world needs to understand.
Daniel isn’t speaking like someone trying to scare people - he’s speaking like someone who has spent years looking at the raw data, the incentives, the corporations, the governments and the ACTUAL speed of progress.
We discussed things like:
- Why he chose to leave OpenAI and speak publicly.
- Why he believes superintelligence could arrive in the next few years.
- How AI could fundamentally change jobs, the economy and the military.
- The race between companies and countries makes this so difficult to control.
- What ordinary people should actually do right now to prepare.
- Whether there is still a way to prevent this from going badly.
I use AI every day. I invest in companies using AI. I can see the extraordinary upside of this technology and it is going to continue becoming a massive part of all of our lives and careers. The question is whether we understand it quickly enough to make better decisions.
There was a moment towards the end of this conversation where I told Daniel that I could see how much he cares about this. And I meant that. Care itself makes others feel care.
If you're trying to understand where AI is really heading, I highly recommend watching or listening to this episode.