gm, I'm pivoting out of crypto.
Not a decision, an observation. My life has increasingly been dominated by supporting local, small-time founders, by the dream of reindustrializing the US, and I'm increasingly inspired by those building with atoms rather than bits.
Nothing against this industry of quirky nerds, degens, and builders. I owe a lot to crypto (tho I now also owe a lot of $). And it has hit the mass-adoption stage, even if it's not what we all envisioned that moment would be. Stablecoins and tokenization will modernize our financial systems, and that means material good for everyone, not just those with a MM wallet.
Plus, there's plenty of people still pursuing the more crypto-native vision: democratizing returns, creating permissionless finance, reforming early capital formation. As Mert says, organizing capital means organizing human potential. I believe we'll still succeed in turbo-charging that.
But for about a year now, none of that is why I've gotten out of bed. It was tough to admit. But once you do, you know what you need to do.
So, ave Occidental Alchemist. It's a nod to Isaac Newton, who is known for his comments on physics, but wrote more in his commentaries on the Bible. Whose alchemic experiments reformed the British financial system and gave the world the pound sterling (crypto people know the power of currency reform). His greatest achievements, as is so often the case, especially in my life, were all achieved a(o)ccidentally.
I've continually chased the edge and missed it: years late to paid ads, just one or two too late to crypto. I felt the wings of the AI edge brush against my fingers. But you don't catch trends by being on time, only by being early.
The next frontier lies in atoms. It lies in the basic industries deemed uninvestable for decades but which everyone is now waking up to as being the backbone of the United States: aerospace, manufacturing, shipbuilding, mining, robotics, nuclear, gas power, biotech, space tech. We're now adding drones, batteries, synthetic hydrocarbons, and superintelligence to the American industrial repertoire.
That's the wide open plain of the modern frontiersman. The trails west are open, the territory relatively unsettled, and I think it's the way to do the most good for country and the world. I'm excited to share some new projects I'm working on and being more intentional on this platform. People complain, but it's still where the builders are.
Finally, a big shout-out to the OGs. Yes, the real treasure is the friends you make along the way. You know who you are, and I'll never forget it. Will still see you in Denver, hopefully!
So for me, crypto is dead, but long live crypto. Time now to move the world charts up and to the right.
US manufacturing activity is rapidly expanding:
The Philadelphia Fed Manufacturing Index of current business conditions rose +6.0 points in August, to 47.4, its highest since April 2021.
This is a survey of manufacturers across eastern and central Pennsylvania, southern New Jersey, and Delaware.
At the same time, the index of future business conditions jumped +39.2 points, to 73.6, its highest level since the 1980s and its largest monthly increase on record.
Meanwhile, the index of future new orders soared +30.9 points, to 66.0, its highest since June 2021.
All while the 6-month forecast for capital expenditures surged +18.1 points, to 48.2, its highest since the 1970s.
The US manufacturing sector is gaining momentum.
@barrald I’d imagine strategically it would be difficult. Like given its placement it seems like it’d be easy for a foreign adversary to take out the site.
But maybe that’s true everywhere. Definitely seems like a great place
@RogueLou18@shine354354 Except that housing evaluation doesn’t really translate into increased taxes
Maybe learn how Idaho works before you comment up about it, ok?
@IdahoTribune@Greycat85612804@randy_westlund@Kootenai_Strong@innovation_co_@KootenaiCounty That’s one perspective but, while I really do appreciate Mattre’s points and especially his willingness to address these issues, his policies seem much more likely to lead to LA county than Toew’s.
LA became LA because of sprawl. Toews’ position flies in the face of that.
How does an 80 year old man who’s never even sent an email have better messaging on data centers than 99% of all politicians?
He hits all the major points
-emphasizes that location matters
-mentions the upsides (jobs+lower taxes)
-addresses energy cost concerns
It’s incredible.
JUST IN: U.S. electricians union leader calls for more data centers, arguing the AI infrastructure boom is creating a “generational” opportunity for blue-collar workers.
@KuphDev I'm doing a podcast to tell the stories of founders like you doing big things in places that often get overlooked.
Once it's up and running, would love to have you on! And then, we'll need to have you on once you've made it big.
There’s labor, but I think there’s going to be a shortage of fertilizer too. And there’s a growing market of people don’t want to see cops that don’t use fertilizer.
I’d love to see a “roomba for home gardens” come on the market as well.
Not sure where you’re located or where you are and development university of Idaho is commercialized a lot of its robotics IP have experience taking these kinds of things to market. There’s also a growing market for AgTech specifically
Not sure if any of that is interesting to you, but if so, just let me know. Happy to talk.
I made a little page to illustrate my point
There is an extremely strong correlation between the price of housing and how many new homes are built
Countries that build more pay less rent
This seems completely obvious to anyone with a brain,
except governments and locals who scapegoat everyone except their own governments for not letting people build more homes
That anti-building regulation is pushed by existing home owners who want to keep their house prices going up, and they represent a considerable voting bloc in countries around the world (about 65% of people in EU/US are home owners)
So there is your problem!
A good litmus test to see if your government actually cares about you: does it let you build a home?
https://t.co/dC0EdAEEhI
@beffjezos This the best timeline for those with eyes to see.
The future belongs to those who show up. Those who show up shape the future that manifests.
Sow and you shall reap.
The problem with so many on the Right, religious or not, is that they are defeated before they even begin to fight
They look for scapegoats, women, Jews, boomers etc. then exaggerate for edginess points to rebrand their cowardice as helplessness.
You were given the greatest country in the history of the world. Most of you are not even willing to try to save it. You will simply disappear into local enclaves as you black-pill post doomer slop into the Substack void.
The mark of God is irony. It is those outside America doing the most to save it. The potential future Elon speaks of belongs to those who show up for it.
It’s that easy.