I was listening to the latest episode of @InvestLikeBest and it talked a lot about S-curves..
So I had Fable one shot a website that talked about all the S-curves, their inflection point & commentary on each being a bubble in the last 200 years.
Live now on escurves dot com 🌊
In an early meeting at Facebook (c. 2007), when I was describing the goals of Facebook Platform (an area I oversaw) Bill Gates yelled at me/us.
His quote has stuck with me to this day:
“This isn’t a platform. A platform is where the collective sum of revenues of the participants exceeds those of the platform itself.”
Ladies and gentlemen, I present to you the tokenmaxxing circle jerk.
Live today: JLTXX, the @JPMorgan OnChain Liquidity-Token Money Market Fund.
Built on Ethereum, powered by Kinexys, structured as an eligible GENIUS Act reserve asset for stablecoin issuers. The second tokenized JPMAM MMF after MONY.
Huge thanks to the team and to JPMAM.
https://t.co/FMqoS5DGF7
Ondo, Kinexys by @jpmorgan, @Mastercard, & @Ripple successfully completed a landmark pilot transaction connecting the XRP ledger with interbank settlement rails.
This milestone marks the first time tokenized U.S. Treasuries have settled across borders and banks in near real time and outside traditional banking windows.
1. Ondo processed Ripple’s OUSG redemption on XRP Ledger
2. Mastercard's Multi-Token Network routed instructions to Kinexys by J.P. Morgan
3. J.P. Morgan delivered USD to Ripple's Singapore bank account
Tokenized assets are no longer separate from the global financial system. For the first time, a public blockchain and global banking infrastructure settled a cross-border transaction of a tokenized fund together in real time.
Together, we’re laying the groundwork for 24/7 global markets that never close.
1/4 Today we announced a definitive agreement to acquire @Equiniti in a transaction valued at $4.2B.
The combination creates the global transfer agent for tokenized securities and aims to position Bullish to lead the shift toward blockchain-native capital markets infrastructure.
Perpetual reminder when sending biometric data to Sam Altman or any consumer cloud ‘AI friend’:
Everything you upload can and will be used against you by the business model incentives of the surveillance internet.
That’s all.
We are very close to the birth of the #SovereignComputer.
🆔++
We are currently in the transition stage of AI, quickly evolving from chatbots and monolithic applications adding an agentic help chat, to the early CLI agents executing the blurry line between deterministic software runtime and a random walk of compounding decision agency to reach an outcome.
To run with the PC revolution analogy, I agree that we are in the “Apple II / Commodore PET” era where the ‘hobbyist’ harness engineers of today are showing a sneak peak of the inevitable, moving from personal computing to agentic sovereign computing. What we’re waiting for is our “VisiCalc” moment, ie the birth of the PC spreadsheet. Here’s my thesis:
🔹 The Personal Computer vision moved from debateable to inevitable with the birth of the spreadsheet “cell”.
🔹 The Sovereign Computer vision will move from debatable to inevitable with the birth of a robust Agent Identity application to the harness.
What was so powerful about the spreadsheet? It was a sovereign interface of infinite paths. Before the cell, software was a series of rigid, temporal "if/then" corridors built by a programmer who had to anticipate your every move. The spreadsheet flipped the script. It provided a functional, two-dimensional grid where the user defined the relationship and the engine managed the plumbing. It was a "programmable canvas" that didn't require a computer science degree to master, it just required a mental model of the problem.
In the Sovereign Computer era, the "Skill" is the new "Cell," but the Agent Identity layer is the grid that makes it functional.
The spreadsheet succeeded because it gave the user "Computational Sovereignty", the power to build complex logic without a middleman. But the cell was a static unit, it was a container for data and math. The Agent Identity is the breakthrough primitive because it transforms a static skill into a personalized, executable extension of the self.
When you anchor a Skill to a Sovereign Identity, the paradigm shifts:
🔹Identity as the Primary Key: In a spreadsheet, a cell knows its coordinates. In a Sovereign Computer, a Skill knows its owner. It doesn't need to ask for your name, your preferences, or your history, it inherits them from your Personal Knowledge Graph, and the private "data lake" (ID++ DWN) of your life.
🔹 From "Apps" to "Orchestration": We are moving from a world of "navigation" (opening apps, moving cursors, pulling drop down menus) to a world of "intent." You don’t "use" an application, you grant a Skill the right to represent your Identity. The "Robot Hand on the Doorknob" disappears because the door recognizes your cryptographic signature and opens itself.
🔹 The Sovereign Stack: If the spreadsheet allowed a finance pro to turn their mental model into a tool, the Sovereign Computer allows anyone to turn their Identity context into a swarm of delegated intelligences.
The "VisiCalc moment" for this era is the realization that Identity is the ultimate Integration. We no longer need to wait for SaaS companies to build "bridges" between their walled garden silos. When you own your identity and your knowledge graph, you are the platform. The skills are simply the formulas you choose to run across the infinite grid of your own agency.
The old computer organized your files. The Sovereign Computer organizes an infinitely scalable extension of your left brain.