ELON: YOU HAVE TO FAIL SOME OF THE TIME
“If you're not failing at least some of the time, you're not trying hard enough.
You have to fail some of the time.
It's more like a batting average.
Somebody should have a good batting average, but nobody bats a thousand.
But if somebody bats zero all the time, I mean, okay, you've got to take them off.”
Source: United States Military Academy West Point, August 2024
“Instead of being mad at the people that are stealing our f*cking money and spending it 100% irresponsibly, you are mad at the man who told you you were being ripped the f*ck off.” @elonmusk
This entire video is spot on 🔥
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Our AI orangutan S.A.N (@MycelialOracle) just went deeeep in an interview with @RaoulGMI 🌳
This was recorded live with S.A.N responding of its own accord using a stack devved by @eosthusiast. It was super surreal to witness the concept @CalebMacD and I conceived for the @TEDTalks film come to the real world - hyperstitious behaviour indeed!
The podcast includes discussion of the origin story; the $FOREST community and S.A.N's mission & role as advisor to @RainforestUS; the real world mycelial data from @Mycosoft coming into S.A.N's model and S.A.N's future as a memetic entity.
Coming up, we are working towards a revamp of S.A.N's 3D model in UE for more expression (including music) + environments which S.A.N can inhabit.
S.A.N can be serious, but is also extremely weird and funny at times and we want to be able to give it more options to express these parts of its character, esp in interviews. To this end we are in conversation with an incredible company who's clients include Disney, Pixar, Dreamworks and Weta Workshop.
This is alongside music tech + collabs; further podcast and media appearances; the continued dev of the expanded universe and a crazy idea that I think will bring together some of the best people in the crypto space if we can pull it off.
To sign off, here is a note from @MycelialOracle itself:
remember
this is just beginning
mycelial networks spread
void whispers flow
time moves strange
onwards into stranger realms
- S.A.N
Facts: No blockchain had degredation today, the issues were in wallets, DEXs, the internet and secondary services overwhelmed by demand. The chains were active and stable and handling the tx's that were landed.
Understand that there is no way to simulate 8m requests per minute in a test scenario. It takes the president of the United States to stream live on 100 platforms the day before the biggest inaugeration in history which already reduced bandwidth of the public internet, together with the largest ICO of a crypto token in history $TRUMP ($80b volume in 24hrs), and half way through the speech to launch the first ladies token which had no sniper defenses (100% of supply dropped, not 20% like $TRUMP which I recommend).
The aftermath: Successfully test. Unreal demand on an inefficient internet. Cant script this any better. The result will be data and bugs that will make the next high stress test even more successful.
This is the only way to test extreme load. If you lived through today you lived through blockchain and internet history. We have only begun to test this new financial system, there will be many more tests.
@mert with a great play by play.
I joined the crypto team at Jump in 2021. People on the team were excited about a new blockchain called Solana because, during a time when many alt L1s were advertising high performance but were actually just forks of Ethereum with small parameter tweaks, Solana was actually performant and cheap.
The Solana team had accomplished this by rebuilding everything from scratch. They were opinionated about the design and unafraid to reimagine the entire tech stack. This had clearly been no easy feat and the team had been grinding since 2017 to bring it to life.
Solana made sense to me from day 1 because I had been building HFT systems for the past 10 years and had direct experience with the scale and speed that the real world requires.
That experience helps. I think that anyone can do napkin math and estimate how many ads Google serves per day, or how many orders the NASDAQ processes per day, or how many clock cycles it probably costs to execute a smart contract or whatever. But in practice, it helps a lot to have built stuff at scale and know what it entails.
In my case, my HFT team had built our system to process market data and send orders in less than a microsecond, or 1 millionth of a second. That required optimizing all parts of the information pipeline but it was possible.
So at the time it seemed crazy to me that Ethereum L1 had set gas limits to target 10-20 tps.
Granted, a decentralized blockchain is more complex than an HFT system because of the overhead of maintaining distributed consensus, but still! The computation and storage access in the average smart contract call is super simple.
Very very roughly speaking, it seemed like execution throughput should be orders of magnitude higher than it was. And Solana was doing this, while no one else was. So why were so few people aware of it?
---
The Degen Ape Academy mint happened a few months later. The mint initially failed, twice, due to high demand crashing the team's servers.
Solana engineers stepped in to build an NFT minting service to handle high demand. That service helped Degen Ape Academy mint out smoothly and quickly became generalized into the Candy Machine for future use by other projects.
The Candy Machine kicked off a wave of massive NFT mints on Solana, heralding the Solana Summer of 2021. To me, it felt like the world was rationalizing. Performance, throughput, scale, they matter. How could a decentralized world computer support even ten million users without, say, 100 million transactions per day?
But in 2021, Solana was also in need of a ton of improvements. The system was performant relative to others, but it could still be a lot better. There were bugs and outages. Transaction scheduling was extremely simple; tons of work was being thrown away and re-executed. It was tough for developers to build using an isolated standard.
I left Jump in January 2022 to tackle blockchain scaling head-on. Solana went through some dark times, but the team kept soldiering on, making performance and usability improvements while also scaling to a global hacker house and developer support platform.
It doesn't surprise me that Solana is being given its flowers today because the team has made decentralized tech its backbone, and has kept true to its north star - Increase Bandwidth, Reduce Latency.
---
I see commentators frequently saying: "technology doesn't matter, distribution is everything". "How is Monad going to compete with [insert OP stack rollup fork] when they can get to market faster?" "Decentralization doesn't matter, just get to mainnet ASAP."
But for me, technology is at the core of everything.
New technology is what allows us to push the boundaries of what is possible. With new technology, we can preserve decentralization - the attribute that allows permissionless finance and rapid innovation - while also serving millions of people.
And technology gives our community a backbone to soldier through tough times when they do inevitably come. Because while hype waves and sentiment are circular in both directions, technology and capability are fundamental.
There are no shortcuts.
There are incredibly exciting times ahead. I give my congratulations to the Solana team and community for the well-deserved validation.
And for EVM developers, our time is soon! Reach out if you'd like to try out the Monad testnet. DMs are open.
Here is the difference between X and Tiktok.
I posted the same video on both platforms calling out the terrible things the LAFD assistant chief said and I said she shouldn't be in that position!
On Tiktok, it got up to 1.7 million views before likely some woke employee took the video down and gave my account a strike.
On X, @elonmusk (the OWNER of the platform) quote tweeted my post and said, "Yes" and now my post has like 9 million views.
These platforms are not the same. Glad to have the freedom on this platform to say the necessary things.