The crypto guys all get the Bitcoin and MSTR stuff completely wrong
The majority of them can't figure out Bitcoin
Let alone figure out MSTR
Then they tweet terrible info about them to their crypto audiences
So all the crypto guys are misinformed
Compounding spiral of wrong
Join us this morning for another show 👇
We'll be discussing:
- Is the war over?
- BTC and ETH turning the corner
- Claude's code leak
Set your reminders ⏰
https://t.co/fRUwOeJMcD
I used to be weirded out when 25 year olds still lived at home with their parents
Now that’s more or less the norm
My prediction:
You’re gonna see this with 30 year olds more and more
From collecting to the cabana suite at the Jaguars game 🐆
DUUUVAL knows what’s up.
Being a VIP on ALL DAY unlocks exclusive access to unforgettable experiences.
Only on NFL ALL DAY 🏈
💻 Programmability/generality—think of this like the “the Circom of governance”.
The idea is that you could take something like this governance mechanism idea, write it as code, and a compiler outputs a private, secure, coercion resistant implementation.
https://t.co/vKjd2VWX8X
Prompt: Using the provided image of the subject as reference, transform them into a K-pop idol–style version of themselves, fully preserving their natural facial features, skin tone, ethnicity, and identity. Style the subject with a polished, high-fashion idol aesthetic inspired by contemporary K-pop concept photoshoots, featuring editorial studio lighting with soft glow and clean highlights, a flawless but natural dewy skin finish, and subtle enhancement of the eyes, lips, and hair for a camera-ready look. The subject poses confidently with expressive yet controlled body language, styled in fashion-forward outfits influenced by modern K-pop trends such as elevated streetwear, Y2K accents, chic tailoring, glam punk, or soft ethereal looks, adapted to complement their original clothing style. The atmosphere resembles a professional idol photoshoot, using bold colored backdrops or moody dramatic environments, studio or concert-style lighting, cinematic shadows, and refined color grading, with optional tasteful details like layered jewelry, belts, or statement accessories kept cohesive and restrained. The final image should feel like an authentic K-pop concept photo—crisp, stylish, and aspirational—projecting polished charisma and star presence while clearly remaining the same person.
Today we are announcing that a16z is co-leading the Series D in @Kalshi, a regulated exchange for trading on prediction markets. Prediction markets are a modern implementation of a classic economic idea, one most clearly articulated by Friedrich Hayek.
Hayek and the knowledge problem
Hayek argued that no central planner could ever access the dispersed knowledge held by millions of people across an economy, a fundamental challenge that has come to be known as the “knowledge problem.” Much of this knowledge is tacit and unspoken, embedded in people’s experiences, circumstances, and preferences.
Hayek wasn’t just pointing out the limits of central planning. He was offering a solution. In his 1945 essay The Use of Knowledge in Society, Hayek argued that the solution lies in looking outward, not inward: “We need decentralization,” as he put it.
Markets, in Hayek’s view, are not just allocation mechanisms but information systems. Prices act as signals, compressing vast amounts of local knowledge into actionable information. Moreover, prices create incentives: they encourage people to make decisions and act in ways that drive information back into the system. This creates an iterative feedback loop, an engine that drives better performance.
Today we might say that the answer to the knowledge problem is not to give central planners more sophisticated computers. The answer is that markets themselves are the computers. Prediction markets make this idea concrete, applying it to questions about the future and turning collective knowledge into prices that reflect probabilities.
Why we’re investing in Kalshi
This is why we’re excited about prediction markets, and why we’re investing in Kalshi. Kalshi is bringing prediction markets into the mainstream with a compliant, scalable platform for event contracts covering everything from elections and economics to sports and culture. It has already seen billions in trading volume and continues to grow quickly. Kalshi also plans deep crypto integrations, work we’re excited to collaborate on, and today announced they’re expanding globally to 140 countries.
We’re not the only ones excited about the potential of prediction markets. For businesses and investors, event contracts can hedge risk, such as exposure to economic or policy changes. For policymakers and analysts, market prices offer real-time forecasts that can outperform polls and expert predictions. And for society at large, prediction markets create an open, transparent, and incentive-driven way to aggregate beliefs about the future.
This is the right moment for prediction markets. As trust in established institutions reaches historic lows — at least according to the polls — we need new systems that can earn trust in different ways. We believe the answer lies in open, decentralized systems. DeFi provides an alternative to traditional finance, stablecoins to conventional payment providers, and prediction markets to expert forecasts. Where people once trusted banks or pundits, they can now trust protocols and markets.
Hayek’s insight was that knowledge is too widely distributed for any one authority to possess. Instead, we need systems that harness the intelligence of the many. Kalshi puts this idea into action, transforming dispersed information into concrete, market-based forecasts. We’re excited to support their work as they bring prediction markets into the mainstream.
You wonder why China is the leader in 5G? Immigration policy ! Read what we need to do to keep America winning and not losing; we desperately need to get the top technical talent from everywhere else into the US NOW
https://t.co/HTDKkzWBIi