Emilian Karpinski

[Hayden Adams 🦄 @haydenzadams]

Great new piece from massive international bank @StanChart on Uniswap!

They project ~40x growth in tokenized assets active in DeFi, with Uniswap "uniquely positioned to scale to meet this opportunity"

Full report below:

[Hayden Adams 🦄 @haydenzadams]

Woke up extremely bullish on DeFi and Ethereum today

Uniswap launched in the 2018 bear, when Ethereum sentiment was at all time lows

Uniswap and other defi projects relentlessly built through that bear market and proved how powerful Ethereum can be, catalyzing defi summer and everything since

Now vibes are down bad again and Uniswap intends to build our way out of it. Last time it was by proving defi is possible. This time it will be by proving defi is inevitable.

The internet brought two disruptive changes: existing businesses moving onto the internet, and the formation of new internet-native businesses

The same duality will exist for defi: the tokenization of all existing assets, and a growing vibrant economy of crypto native assets. And it’s all happening right now, with more and more assets being brought onchain, increasing the value and productivity of crypto native assets.

As this digital economy grows, Defi is being integrated everywhere - payment processors, brokerage accounts, asset issuers. It won't stop until we eat the entire global economy

Uniswap the liquidity layer + Ethereum the settlement layer. The perfect combination of low counterparty risk, permissionless, programmable infrastructure

And all this will result in huge growth in protocol volumes and fee generation. Which reminds me:

UNI burn hit all time highs today, after several new sources of protocol fees came online.

And there are many more to come: v4, uniswap x, aggregator hooks, more chains, etc

Now add in all the new assets coming onchain

We're still at the beginning 🦄

[𝐓𝐡𝐞 𝐏𝐫𝐞𝐬𝐞𝐫𝐯𝐞𝐫 @ThePreserverofU]

FAKE Dopamine

1. TV → passive stimulation
2. Porn → overstimulation
3. Drugs → artificial highs
4. Alcohol → temporary escape
5. Shopping → impulse thrill
6. Junk food → sugar spike
7. Video games → instant reward
8. Social media → constant hits
9. Caffeine/Nicotine → chemical boost

REAL Dopamine

1. Reading → stimulates focus
2. Sunlight → natural energy
3. Exercising → physical boost
4. Meditating → inner calm
5. Adventures → excitement
6. Cold showers → refresh
7. Pursuing goals → achievement
8. Sitting in nature → peace
9. Listening to music → joy

[のじ @columbus_ceo]

サム・アルトマン「2026年に起業する人が羨ましい」
→1名で1.5億越えが余裕になるから

・エンジニア：Claude Code
・広告制作：Higgsfield（1日500本の広告を生成）
・市場調査：Hermes Agent
・自社ブランド：AIモデル（月150万稼ぐ）

詳細（反響あれば和訳）↓

[0xMarioNawfal @RoundtableSpace]

ANTHROPIC PAYS $750,000 A YEAR FOR ENGINEERS WHO UNDERSTAND WHY AI WORKS.

STANFORD JUST PUT THE SAME KNOWLEDGE ON YOUTUBE FOR FREE.

WATCH IT THIS WEEKEND. NOT EVENTUALLY. THIS WEEKEND.

[Brian Armstrong @brian_armstrong]

A few good books worth reading:

- Atlas Shrugged by Ayn Rand - a classic that celebrates builders. Once you read it, you’ll notice the same characters and events taking place today.

- The Changing World Order by Ray Dalio - great for understanding how civilizations rise and fall and how crypto can help create better countries.

- From Third World to First by Lee Kuan Yu (founder of Singapore) - talks about building a new country, worth reading for understanding nation-building.

[Evan Luthra @EvanLuthra]

Anthropic pays engineers $750,000+ a year to understand how LLMs work.

Stanford just put a 2 hour lecture that covers 80% of it for FREE.

Bookmark this. Give it 2 hours today.

It might be the highest ROI thing you do this month:

[Michaël van de Poppe @CryptoMichNL]

I sat down with the co-founder of SUI (@EmanAbio), the man who built Facebook's payment infrastructure before Congress shut Libra down.

He left Meta. Built his own blockchain. And now he's making payments free.

"Most agentic payments you see are all botted, it's all fake. It's not real transactions. The real agentic payments aren't happening yet. Visa taps out at 50,000 transactions per second. Our infrastructure is 300,000. You double the hardware, you double the throughput."

He thinks SUI will be a top 3 cryptocurrency. Here's why.

Full episode on @new_era_finance.

TIMESTAMPS:
00:00 — Why Everyone Hates Crypto
05:07 — The Facebook Libra Story
09:34 — 1 Billion TPS: Why AI Agents Need Crypto
15:16 — How to Value a Layer One
19:55 — Why SUI Scales When ETH and SOL Can't
22:49 — Bitcoin Yield Without Leaving BTC
33:51 — Free Payments Forever
37:48 — Crypto Won't Onboard the Next Billion
52:44 — Quantum Computing Threat
55:23 — More Bullish Than Ever

[Reads with Ravi @readswithravi]

“Study microeconomics, game theory, psychology, persuasion, ethics, mathematics, and computers.”

— Naval Ravikant

[World of Statistics @stats_feed]

UNFORTUNATELY, the formula to a healthy life is...

1. 8 hours of sleep.
2. Drink a healthy amount of water.
3. Eat real food.
4. Lifting heavy.
5. Going outside.
6. Walk or move your body every day.
7. Reducing alcohol.
8. Taking care of your hygiene.
9. Minding your business.
10. Consume the right content.
11. Learning something new.
12. Showing up even on bad days.
13. Building healthy relationships.
14. Help where you can help.
15. Save and spend in a healthy manner.
16. Practice daily gratitude or mindfulness.
17. Cultivate a sense of purpose.

[Bryan Johnson @bryan_johnson]

https://t.co/XgEg05olnr

[Arrakis @ArrakisFinance]

https://t.co/ClUGzYdAYy

[Thrilla the Gorilla @ThrillaRilla369]

Starbucks is a bank.
Apple is a luxury brand.
Google is an ad agency.
Amazon is a data company.
Red Bull is a media company.
McDonald's is a real estate company.
Facebook is a surveillance company.

[a16z @a16z]

Engineers and salespeople think in completely different ways.

- Engineers: "If you ask them a question, a hundred percent of them will try and think of what is the correct answer to that question."

- Salespeople: "If you're a salesperson, your first thought isn't: what's the answer? It's: why are you asking me that question?"

"And so if you have an engineer talking to a good sales guy, it's going to upset them. Because they're often not gonna answer the question."

"The guys who are good at the job get rejected, because you don't like them. And then the people who are terrible at it, those are the ones that ended up getting hired."

"These CEOs just wanna take a guy who failed the engineering test, put a clean shirt on him and make him the head of sales."

@bhorowitz with @bhalligan

[Jens Honack @JensHonack]

This man predicts the future.

He was early in Uber, X, Notion, and called the death of 9-to-5 jobs a decade ago.

Now, the impact of AI reveals his philosophy in every part of our lives.

Here's what he says is coming next: 🧵

[David Hauser @dh]

150M Americans hand their money to the same company every week.

You call it “shopping.”
It’s control.

It was started by one man with a cheap store in backwater Arkansas.

And a brutal idea.

This is how he conquered America:

[Jaynit @jaynitx]

>be Charlie Munger
>born 1924 in Omaha, Nebraska
>dad is a lawyer
>Great Depression hits when you're 5
>learn to be cheap before you learn to read

1930s:
>work at Buffett & Son grocery store
>owned by Warren Buffett's grandfather
>Warren works there too
>you never meet

childhood:
>read constantly
>every book you can find
>dad's law books, encyclopedias, everything
>called "a book with legs"
>develop opinions on everything
>never stop

1941:
>age 17, enroll at University of Michigan
>study mathematics
>Japan bombs Pearl Harbor
>leave school to enlist

1943-1946:
>serve in U.S. Army Air Corps
>become a meteorologist
>stationed in Alaska
>spend the war predicting weather and reading books
>lots of books

1946:
>apply to Harvard Law School
>no undergraduate degree
>former dean from Omaha vouches for you
>admitted anyway
>graduate magna cum laude in 1948
>age 24, already a lawyer

1940s-50s:
>practice law in California
>hate it
>clients are mostly idiots
>you tell them so
>not great for business
>make money but feel dead inside
>"I had a considerable passion to get rich. Not because I wanted Ferraris. I wanted independence."

1953:
>first marriage falls apart
>divorce
>wife takes everything
>you're broke again

1955:
>son Teddy diagnosed with leukemia
>he's 9 years old
>no cure
>watch him die slowly in the hospital
>marriage already over, so you walk the streets alone and weep

late 1950s:
>remarry: Nancy Barry Borthwick
>8 children total between you
>stability returns
>start making real money in real estate law and development

1959:
>a mutual friend sets up dinner
>"Charlie, you need to meet this guy Warren Buffett"
>you're 35, Buffett is 29
>dinner lasts hours
>you both realize immediately
>found your intellectual equal

1960s:
>start your own investment partnership
>Wheeler, Munger & Company
>same model as Buffett's partnership
>concentrated bets, long-term holds
>you're more aggressive than Warren
>higher highs, lower lows
>compound at 19.8% annually (vs. 5% for Dow)

1973-1974:
>market collapses
>your partnership down 31.9% in '73
>down another 31.5% in '74
>two brutal years back to back
>investors flee
>you hold
>shut down the partnership in 1975
>not because you failed because you're done managing other people's emotions

meanwhile:
>real estate development
>make millions building condos and apartments
>design some yourself
>architecture becomes a lifelong obsession
>no formal training

1978:
>become Vice Chairman of Berkshire Hathaway
>Warren: "Charlie is my partner"
>you own way less stock than him
>don't care about that either
>the work is what matters

your contribution:
>Warren used to buy "cigar butts": cheap, dying businesses with one puff left
>you teach him different
>"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price"
>this becomes Berkshire's philosophy
>See's Candies, Coca-Cola, Apple all because of this shift
>you rewired the Oracle

1980:
>botched cataract surgery
>lose your left eye completely
>blind on one side forever
>doctors offer sympathy
>you: "it's fine, I didn't have that much use for it anyway"
>learn Braille just in case you lose the other one

mental models:
>borrow from every field: physics, biology, psychology, economics
>call it "worldly wisdom"
>invert problems: instead of asking how to succeed, ask how to fail, then avoid that
>"All I want to know is where I'm going to die, so I'll never go there"
>preach multidisciplinary thinking decades
>read 500+ pages a day until the day you die
>Buffett: "Charlie has the best 30-second mind in the world"

Daily Journal Corporation:
>buy a tiny legal newspaper company
>turn it into a software business
>worth $500M+ by the end
>your side project

2000s-2010s:
>crypto emerges
>you hate it immediately
>"rat poison"
>"venereal disease"
>"disgusting"
>never budge
>SBF collapses
>you feel vindicated

Costco:
>board member for decades
>obsessed with the company
>talk about it constantly
>own the stock forever
>"it's a damn miracle what they've built"
>Buffett buys it too eventually

partnership:
>60+ years working with Buffett
>never a contract
>never a fight
>never a betrayal
>speak daily
>maybe the greatest partnership in business history

2023:
>turn 99
>still show up to shareholder meetings
>still cracking jokes
>still reading
>body failing, mind sharp as ever

November 28, 2023:
>die peacefully in California
>5 weeks before your 100th birthday
>Buffett releases a statement:
>"Berkshire could not have been built to its present status without Charlie's inspiration, wisdom, and participation"

your legacy:
>taught Warren Buffett how to think bigger
>taught millions how to think better
>wrote "Poor Charlie's Almanack", a cult classic
>never cared about fame
>never cared about credit
>just wanted to be useful
>died with billions
>gave most of it away

"The best armor of old age is a well-spent life preceding it."

99 years of compounding wisdom.
and you made it look easy.

[World of Statistics @stats_feed]

DOCTORS WILL NEVER TELL YOU THIS:

1. Anxiety – Magnesium, B6, Omega‑3
2. Depression – D, B12, Omega‑3
3. Irritability – B1, B6, Magnesium
4. Brain fog – B1, B12, Omega‑3
5. Insomnia – Magnesium, B12, D
6. Low libido – Zinc, D, B3
7. Constipation – Magnesium, C, Fiber
8. Eye twitching – Magnesium, B12, Potassium
9. Sugar cravings – Chromium, Magnesium, Zinc

Your “mental health” might be a micronutrient deficiency in disguise.

[World of Statistics @stats_feed]

High-Class Social Intelligence:

1. Remembering names
2. Introducing people properly
3. Giving credit publicly
4. Correcting privately
5. Leaving conversations gracefully
6. Making others feel at ease
7. Asking thoughtful questions
8. Respecting boundaries
9. Thank-you notes that mean something
10. Never embarrassing others