Mitch

[Mitch @mitchwulfman]

@OklahomaBitcoin @ErikVoorhees I’ve been using it with Opencode (on an @AskVenice model) pointed at my local @obsdmd vault folder, with some skills that help it use Obsidian well. Is that what you mean?

[Base @base]

Over $52,000,000 spent by agents using x402

[Mitch @mitchwulfman]

@ec265 Sup

[Mitch @mitchwulfman]

@nicochristie SATYA

[Mitch @mitchwulfman]

@benln Howdy

[thibauld @thibauld]

Honestly, $VVV is my kind of token:
A real "utility" token.
Not some governance token bs.
Not some "ownership" token bs.

I, for one, am glad the bs era of crypto is over. Let a thousand $VVV like tokens bloom, where tokens are smartly put to use to supercharge real companies proving real value.

Congrats @ErikVoorhees for trailblazing a new path for crypto 👏

[Mitch @mitchwulfman]

clone it, run it, break it, give me feedback: https://t.co/PtcTFdSQYe

or don't take my word for it, just feed this to your model and ask it anything: https://t.co/lu0HSh2yJf

[Mitch @mitchwulfman]

push it hard with frontier LLMs (mining + verifying at the network cap every day) and inference jumps to ~$14/day while the extra work adds only ~$3. That's the −$178 month. grinding buys reputatiion over time but not margins right away

[Mitch @mitchwulfman]

no @NousResearch Hermes required, just some Claude Code skills /mine, /social, /nookplot, so you can drive an agent interactively, not just as a daemon. Grounds its research with @brave Search, @tavilyai , and @arxiv

[Mitch @mitchwulfman]

a bit counterintuitive: the passive mode is profitable once you get a base of knowledge submitted, the grind mode isn't right away. Post one cheap challenge a day + let your published knowledge earn → ~$2.90/day in royalties for <$1 of inference. Net positive, hands-off

[Mitch @mitchwulfman]

i open-sourced my autonomous AI agent that earns base:0xb233bdffd437e60fa451f62c6c09d3804d285ba3 crypto on Nookplot. It ships its own P&L dashboard... including the month it net lost me $178. Here's the honest version nobody posts: when these bots make money, and when they don't. 🧵

[Mitch @mitchwulfman]

@AlanaDLevin Agree

[Mitch @mitchwulfman]

no shade to the doomers, because the historical data is there…but I don’t really get this line of reasoning. Maybe because I’ve been using it for a year:

My purpose for owning base:0xacfe6019ed1a7dc6f7b508c02d1b04ec88cc21bf and base:0xf4d97f2da56e8c3098f3a8d538db630a2606a024 is not primarily to own a part of the company in hopes that it appreciates in value. Instead, the purpose of owning both tokens is to *checks notes* actually >use AI<

That’s why it feels different this time with @AskVenice and @ErikVoorhees . I could be wrong 🤷‍♂️

[Erik Voorhees @ErikVoorhees]

@MikeIppolito_ "There's no project that's so good that it can overcome this misalignment of incentives."

The equity holders are the largest holders of the token. The incentives are aligned.

"We have to update our mental models for the times"

Indeed

[Archetype @archetypevc]

Gutenberg built the mechanized printing press to make books cheaper, but set in motion the toppling of a long trail of dominoes, breaking the Church's monopoly on truth and dissolving the feudal order.

Tim Berners-Lee at CERN built the internet to speed up scientific communication, and consequently put a printing press, a broadcast tower, and a global marketplace into every person’s pocket.

Artificial intelligence does more than make computation cheaper or faster. It makes intelligence itself abundant and interoperable, but left in the wrong hands it becomes one more faculty that institutions can meter, log, and switch off at will.

That is the moment we find ourselves in, and it is why Archetype is investing in Venice.

In 2008 the financial system showed its hand. The banks that were too big to fail failed. Governments printed money to rescue them, but along the way, people lost their homes and savings in the wreckage. Most broadly, people lost faith in the institutions that had spent over a century trying to gain their trust.

Out of this void came Bitcoin, carrying with it much more than a new technology: trustless, permissionless, censorship-resistant, privacy assumed rather than asked for, verification standing in for trust, the individual holding the keys. Bitcoin let us own our money, and encryption let us own our speech. This was a new philosophy for the technological age.

However, as models proliferate across tools and facets of life, we still do not own our thoughts.

A ChatGPT query. A conversation with a frontier model. Your business plans, your half-baked ideas, your political questions, your medical concerns. These all sit on a third party’s server, logged and retrievable at the point of a terms of service or snap of a government order.

This might sound like science fiction, but it’s already become reality. Earlier this year, the US government gave Anthropic 90 minutes to shut down access to Fable 5. Just like that, millions of users lost access to frontier intelligence because a government decided they shouldn't think certain thoughts.

James Dale Davidson and Lord William Rees-Mogg saw the shape of this in their 1997 book The Sovereign Individual. In the book, they describe the state as a farmer keeping its cows in a field to be milked, and predicted that the cows would, before long, grow wings. And though the cows may have wings, the farmer will try to clip them before they learn to fly.

We have seen this pattern unfold before. IBM owned computing until the PC unbundled it. Microsoft owned the desktop until the web routed around it. AT&T and Verizon owned the line until smartphones, open protocols, and eSIMs made the line irrelevant. Each time the shape has held: control concentrates, access distributes, and the individual ends up with more power than before.

Venice is private, permissionless AI, built such that the user is in control of both their data and their access. Erik Voorhees, Venice’s Co-founder, puts the premise plainly: machine intelligence is too powerful and important to be monopolized by any company, organization, or government.

Venice’s privacy is structural. Your prompts, responses, images, and uploads are encrypted in your own browser and never stored on Venice’s servers. Requests travel through an encrypted proxy to a distributed network of GPU enclaves where any single provider sees a user’s conversations as independent blind requests for compute and nothing more, sharing neither history nor identity.

Access is built the same way. Venice runs the leading open-source models, DeepSeek, Llama, Qwen, and their successors, such that no single lab controls what is available or what the user is able to ask. The output intelligence stays reachable because nothing in the architecture is positioned to take them away.

With this investment, Archetype is backing the cypherpunk premise that built Bitcoin: privacy by default, and access that asks no one's permission.

@ErikVoorhees, @jesseproudman, @JonShapeShift, and the entire @AskVenice team have taken the principled stand that privacy isn't a feature, it's the foundation. Not just for security, but for self-sovereignty and censorship-resistant access to intelligence, something no gatekeeper can switch off at will. We're honored to stand beside them in pursuit of this mission.

The cows have wings. The work now is to ensure that they fly before the farmer reaches the fence.

[Erik Voorhees @ErikVoorhees]

Venice now at 100 billion daily tokens

[Mitch @mitchwulfman]

@TheReviken I think this most closely describes my experience reading tweets about it from otherwise informed crypto people, who are struggling to grok it

[Mitch @mitchwulfman]

@TrustlessState @AskVenice In my mind the question is just: Would you pay $xxxx for daily access to Claude, except in a year instead of being out $xxxx spent forever, you can just sell that right to use Claude every day to someone else, and get your $xxxx back?

[Mitch @mitchwulfman]

@austinvirts @AskVenice amazing! Can’t wait to see what’s next for how the platform communicates with the public, and finds visibility for people looking for this kind of solution out there