Hyperliquid, a decentralized crypto platform, is open 24 hours a day, seven days a week. The exchange has emerged this year as a go-to spot for Wall Street’s weekend warriors. https://t.co/3dUhMXjVao
Been trading perps more actively lately after mostly trading stocks the last few months and I must say it is really damn cool to have both crypto and stock perps all in one portfolio margin account
Stocks liquidity still has work to do but this is no doubt the best product suite. Adding in spot stocks as another layer for PM will be the finishing touch
Hyperliquid
$PURR raised $21.5M cash from the ATM this week. With that they purchased another $10.9M $HYPE and have an additional $9.6M of cash ready to go
$10M in the clip. $20M+/week on top of the ETFs
Hyperliquid
Lately I've been doing the opposite of encouraging people to move to San Francisco.
Yes, @paulg is right. Being in San Francisco does give many advantages that he lays out well.
But I meet so many who feel FOMO for not being here. Families won't let them move. Or they don't yet have a business that works here. It's EXPENSIVE.
I spent time this week with one guy building a robot that removes snow and ice from sidewalks. He wants to move to SF to be around other people who work on robotics. Being a founder in the midwest is lonely, he told me.
I told him that the whole advantage of where he lives is he is close to the customers. The government officials who could actually buy such a robot.
Being close to customers is a huge advantage. One that many entrepreneurs don't appreciate enough.
I told another guy "come to San Francisco to get up to date for a couple of weeks then take what you learned back to your local community."
I've seen the advantages AI automation brings to businesses, whether big, like CocaCola, or small, like a dentist in a small town.
But most businesses haven't yet automated around the world. Those businesses don't spend time in San Francisco. And people outside of SF are the ones who will help them automate.
In other words, there is a HUGE opportunity outside of San Francisco/Silicon Valley and one that isn't hyped up enough.
The vibes in SF feel pretty frenetic right now. The divide in outcomes is the worst I've ever seen.
Over the last 5yrs, a group of ~10k people - employees at Anthropic, OpenAI, xAI, Nvidia, Meta TBD, founders - have hit retirement wealth of well above $20M (back of the envelope AI estimation).
Everyone outside that group feels like they can work their well-paying (but <$500k) job for their whole life and never get there.
Worse yet, layoffs are in full swing. Many software engineers feel like their life's skill is no longer useful. The day to day role of most jobs has changed overnight with AI.
As a result,
1. The corporate ladder looks like the wrong building to climb.
Everyone's trying to align with a new set of career "paths": should I be a founder? Is it too late to join Anthropic / OpenAI? should I get into AI? what company stock will 10x next? People are demanding higher salaries and switching jobs more and more.
2. There’s a deep malaise about work (and its future).
Why even work at all for “peanuts”? Will my job even exist in a few years? Many feel helpless. You hear the “permanent underclass” conversation a lot, esp from young people. It's hard to focus on doing good work when you think "man, if I joined Anthropic 2yrs ago, I could retire"
3. The mid to late middle managers feel paralyzed.
Many have families and don't feel like they have the energy or network to just "start a company". They don't particularly have any AI skills. They see the writing on the wall: middle management is being hollowed out in many companies.
4. The rich aren’t particularly happy either.
No one is shedding tears for them (and rightfully so). But those who have "made it" experience a profound lack of purpose too. Some have gone from <$150k to >$50M in a few years with no ramp. It flips your life plans upside down. For some, comparison is the thief of joy. For some, they escape to NYC to "live life". For others still, they start companies "just cuz", often to win status points. They never imagined that by age 30, they'd be set. I once asked a post-economic founder friend why they didn't just sell the co and they said "and do what? right now, everyone wants to talk to me. if i sell, I will only have money."
I understand that many reading this scoff at the champagne problems of the valley. Society is warped in this tech bubble. What is often well-off anywhere else in the world is bang average here.
Unlike many other places, tenure, intelligence and hard work can be loosely correlated with outcomes in the Bay. Living through a societally transformative gold rush in that environment can be paralyzing. "Am I in the right place? Should I move? Is there time still left? Am I gonna make it?" It psychologically torments many who have moved here in search of "success".
Ironically, a frequent side effect of this torment is to spin up the very products making everyone rich in hopes that you too can vibecode your path to economic enlightenment.
A preview for Pro users: a new personal finance experience in ChatGPT.
Pro users in the U.S. can securely connect financial accounts, see where their money is going, and ask questions based on the information they choose to connect.
Your full financial picture, now in ChatGPT.
The next mega bubbles that will help you escape the underclass:
1. Robotics (producers & picks and shovels — what goes into production?)
2. Space (space n aliens n stuff)
3. Energy (Uranium, battery companies, etc)
4. World financialization (stablecoins)
After that it’s over, you either made it or you didn’t
翻到了10年前当时在看 Cerebras Series B 的聊天记录,such a full circle/ 2017年6月,历史正在悄然发生分野。Attention is All You Need arXiv 上架,Transformer 架构当时工业界的重视程度远不如后来其对第四次工业革命的影响来的深远, 所以我对Cerebras的未来也并未觉得明朗
回看当时的判断,充满了时代的局限:那时我还在怀疑 Nvidia 是否具备支撑大规模数据中心的基因,Google依旧是那个自给自足的Google (G家TPU到现在也不会大规模对外), 觉得Cerebras 的“晶圆级引擎”是一个巨大的hype. 时代就像一个巨大的消音器,三维的我们永远听不见四维的声音
2017-2026的十年,是AI 时代完美诠释了海明威笔下的那种改变:“Slowly but surely, then suddenly all at once.” 再往前四年, 2014-2023的10年, 是加密数字货币的黄金10年
几乎每个指数型增长的行业的前 7 年都是漫长的伏笔. 后 3 年则是摧枯拉朽的爆发。过去15年作为前沿科技的观察者, 最迷人的时刻莫过于此, 曾亲手触摸过历史的草稿, 近距离观察在历史中迷失彷徨但依旧坚持的founder, 还有各种因为一个极其随机的选择, 与不可能想象的财富擦肩而过, 或者后知后觉获得了不可想象的巨大财富的人们
第四次工业革命的烟花, 必然一样灿然
People at major AI labs (using internal models) 3-4 months ahead of startup silicon valley engineers
SV founders/eng 3-6 months ahead of NY
NY founders/eng 6-12 months ahead of rest of world
Most people have no idea how fast AI shifting as 1-2 years behind SOTA
"The future is here, just not equally distributed" - Robert Heinlein