GLM 5.2/Kimi 2.7 marks new chapter in AI: the model itself is no longer the moat.
It's good enough for most knowledge work tasks, so ROI starts to matter. When models were dumb half a year ago, we needed the most expensive frontier model to do average tasks, but now many models are smart enough for most things. That's why you see people start talking about token economics and Chinese open source models. Yes, frontier labs will stay frontier, but it's unlikely that everyone will pay 100x for Fable when it's 8 points higher than GLM 5.2 and both are solid.
Frontier labs are fighting a uphill battle: they must stay frontier to justify its premium, which they can only stay frontier for 2-3 months(or even sooner). Meanwhile Chinese labs will distill and offer the same frontier level for free. That's why I think we are going to see Codex/Claude focusing more on applications.
I think @PeterSchiff is slowly realizing that Bitcoin is not a Ponzi scheme, therefore the new victim is @saylor and the goalpost becomes Strategy is a Ponzi.
Ask everyone to liquidate their stocks, and let’s see if they are Ponzi as well.
I only got into $MSTR last week because I’m tired of the FUD. I’m mostly HODLing bitcoin:native without leverage.
I’m not saying $MSTR will outperform bitcoin:native, it’ll underperform if the dividends are more expensive than $BTC appreciation, but calling it a Ponzi and expecting an imminent collapse are naive.
I just cancelled my @AnthropicAI subscription.
I started out having like 2-3 subs for Opus 4.6, cancelled them all and switched to GPT-5.5 when it was released.
I got back into Claude for Fable, got to use it for 2 days and Opus 4.8 isn’t much better than GPT-5.5 or GLM-5.2.
Even with Fable’s benchmarks, I really don’t see how it’s dangerous to release especially with all of the internal guardrails.
I’m more than happy to be back, when the subscription provides more value.
$MSTR $STRC I bought the dip.
Yes it was scary, @PeterSchiff and even some Bitcoiners had so much FUD about Strategy that they think Bitcoin will succeed while the treasury company that holds 800K Bitcoins will fail.
But we buy exactly when it’s scary, right?
Buyback is the most effective strategy for $MSTR, even at share holder dilution. $STRC is a promise, if retail believes the promise the broken, the most effective way to prove them wrong is to own that promise themselves. It’s also unpredictable which can scare away short sellers once in a while while destroyed.
There should be regular drops for days to deleverage to ensure the fund is healthy. The leverage would be crazy if $STRC actually never drops! of course hopefully not to this extent every time, just need to remove the excessive leverages.
Money market fund is risk free cash for me. $STRC is an income generating machine. The only thesis $MSTR dies is it starts selling $BTC for dividends and somehow Bitcoin is gonna collapse. All of these Bitcoiners are predicting a company with 800K+ Bitcoin to fail, and somehow Bitcoin will succeed.
Bitcoin isn’t my endgame.
Bitcoiners and the Nation of Bitcoin are.
I believe as Bitcoin appreciates, eventually the Bitcoin movement will build its own nation with real physical borders.
If you truly believe Bitcoin, you are a citizen of the Nation of Bitcoin. People united.
@saylor handled business like an aerospace engineer with class.
1. Don’t over explain yourself, create an illusion that you are about to fail, so the mass piles up on you. In fact, as $MSTR recovers, the low just proves the resilience of the instrument.
2. Over deliver the fix. Not just refilling the cash reserve, but also introduced 2x $1B programs to buy back $MSTR and prefers (e.g. $STRC) which can be really effective against leverage, and a full two way plan.
I don’t see a scenario where bitcoin:native succeeds while $MSTR fail.
They thrive or die together.
@PeterSchiff $MSTR sold in 2022 even more. Saylor not only solved the issues, but also created buyback programs that can take advantage and mitigate short term volatility.
Strategy announces a Digital Credit Capital Framework designed to strengthen Digital Credit, enhance liquidity, preserve long-term Bitcoin exposure, and support long-term value creation. $MSTR $STRC https://t.co/AUoUCtem53
@OopsGuess Chinese culture hides wealth and strength, not bragging, especially in competition settings like business, not for some fancy moral reasons, but to prevent jealousy from others. Let your competition think that you ate stupid and incapable.