hello mate

pandanomics

[hello mate @funandkool]

@VraserX In fact it’s the ultimate form of capitalism in that all value will accrue to CAPITAL

[hello mate @funandkool]

@andyyy How do you get exposure?

[hello mate @funandkool]

@izebel_eth @Cbb0fe @blurr How can I get Papertrade exposure? I don't see $PAPER available anywhere?

[hello mate @funandkool]

@rjpdl_ @a16zcrypto @MikeSilagadze You're right it would be better if it were bitcoin or a crypto-native asset.

But this is still valuable because the cash being spent is on crypto rails, not tradfi. Meaning, you don't have to open and maintain a bank account for this.

[hello mate @funandkool]

@VraserX And the person is just there for the name on the legal paperwork

[hello mate @funandkool]

@__jiaming__ More precisely

[hello mate @funandkool]

Hello the actual definition of AGI is an independent economic organism capable of autonomously creating sustained economic surplus while remaining closed under labor. 🧵

[hello mate @funandkool]

Why does everyone have such pathetic, weak, and narrow definitions of AGI? It’s not hard to come up with a rigorous benchmark! Can the AI autonomously create surplus value in the free market? If it cannot, it’s not general enough. Humans do it all the time!

The good news is that the metric is pretty tough to cheat: $!

[hello mate @funandkool]

@mattyglesias Who gives a shit about left or right. He was a Statist, plain and simple.

[hello mate @funandkool]

@DanDr1s How the fuck are they getting the data for a model that big?

[hello mate @funandkool]

@zebird0 But at that point why does it matter?

[hello mate @funandkool]

@DrJStrategy Does your money belong to you or are banks entitled to your money?

[hello mate @funandkool]

@JohnEDeaton1 This is not just about technical "innovation." This is fundamentally about human FREEDOM. Does your money actually belong to you? Or are banks entitled to your money!?

[hello mate @funandkool]

@berniemoreno Our money belongs to us! Banks are not entitled to our money!

[hello mate @funandkool]

@peterbarnett_ When we see cross-domain transfer from RLVR to non-verifiable domains? Because so far we have not seen any indication of this.

[hello mate @funandkool]

@DrJStrategy To Republicans like Thune, the Clarity Act is just another bill. Few see it for what it is: the most important legislation for economic freedom in their lifetimes and probably the most consequential legislation in their careers.

[hello mate @funandkool]

@WayneVaughan yes to all of that but even if none of that were true Dems would still hate crypto simply because some people got rich off it so it must be a bad thing

[hello mate @funandkool]

@BitcoinArchive BANKS ARE NOT ENTITLED TO YOUR MONEY.

[hello mate @funandkool]

@adi_baradwaj Monopolies are not a failure mode of capitalism, unless by capitalism you mean the socialist corporatism of the United States. Then yes.

[hello mate @funandkool]

@DavidNage Bro this is a fucking retarded take. "Democrats are against the bill but we can't blame them because a handful of their members were able to make the bill shittier to maybe appease a few of them."

[hello mate @funandkool]

@CryptoLawUS @HawleyMO Called. Utterly shocked he has come down against basic economic freedom on this issue

[hello mate @funandkool]

Sorry but this is just wrong on so many levels.

First of all it's very weird to frame market competition as a "race to the bottom." Fees, spreads, and liquidity are jointly priced. A deployer who slashes fees but can't maintain a deep book delivers worse all-in execution. Flow leaves and the advantage evaporates.

Even weirder is your take on RFQs because it's exactly backwards! RFQs don't eliminate fees, spreads, or slippage. They bury them inside the quote, where the broker captures the difference. You said it yourself: traders only care about the final price. Final price is precisely what transparent venues compete on, and per-asset fees let them compete on it harder.

Ultimately, a deployer forced into one global fee scale has to overprice liquid assets or underprice illiquid ones. That mispricing is what actually pushes flow to RFQ desks, not this update.