Agency > Intelligence
I had this intuitively wrong for decades, I think due to a pervasive cultural veneration of intelligence, various entertainment/media, obsession with IQ etc. Agency is significantly more powerful and significantly more scarce. Are you hiring for agency? Are we educating for agency? Are you acting as if you had 10X agency?
Grok explanation is ~close:
“Agency, as a personality trait, refers to an individual's capacity to take initiative, make decisions, and exert control over their actions and environment. It’s about being proactive rather than reactive—someone with high agency doesn’t just let life happen to them; they shape it. Think of it as a blend of self-efficacy, determination, and a sense of ownership over one’s path.
People with strong agency tend to set goals and pursue them with confidence, even in the face of obstacles. They’re the type to say, “I’ll figure it out,” and then actually do it. On the flip side, someone low in agency might feel more like a passenger in their own life, waiting for external forces—like luck, other people, or circumstances—to dictate what happens next.
It’s not quite the same as assertiveness or ambition, though it can overlap. Agency is quieter, more internal—it’s the belief that you *can* act, paired with the will to follow through. Psychologists often tie it to concepts like locus of control: high-agency folks lean toward an internal locus, feeling they steer their fate, while low-agency folks might lean external, seeing life as something that happens *to* them.”
Nice to see Vitalik moving in a similar direction to our work with Nexa, re-thinking the EVM in favor of something like RISC-V!
If they were to ditch the account-based model in favor of UTXOs, we could converge to the same design: whitepaper Bitcoin + Turing-complete scripting.
What is Gamma?
Gamma is a second order option Greek. It’s a very useful one to be aware of, as it tells us how much the delta of an option will change due to a change in the underlying price.
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the majority opinion of ai when early versions launch is how bad it is, when "this is the worst it'll ever be"
they said the same for images, now they are indistinguishable
now for videos, we are getting closer, this video was mostly created by ai
@armaniferrante The only way to crack their regulatory moat is to fight the regulatory battles they've fought and WIN repeatedly as they did
Any other scheme is simply capping
@fubuloubu ethereum is literally dripping in infra
layers upon layers, each one taking a dependency on the former
devs make up a small percentage of the total addressable market for what ethereum is capable of
@OpenAI Today, I tried to use ChatGPT 4o to help me write a plugin for WP that I needed. 3 hours later, I had nothing but errors and nothing to show for. Came here to Grok, took me 45 minutes to have it published and working!
@malekanoms memecoins as a crypto subclass is a response to the capture of the old guards, BTC and ETH by the Wall Street complex and the lawfare restructuring of the elements that historically inspired the parabolic price actions everyone had become accustomed to in cryptospace