Tomas Fox

Freedom maximalist

[Bill Ackman @BillAckman]

.@BernieSanders , it is a time to celebrate. @elonmusk has created enormous value for society by building @SpaceX, driving down the cost of rocket launches and creating a global satellite communication network that has brought high speed, low-cost internet and communication access to hundreds of millions and eventually billions of people along with critical advantages for our military and our nation’s defense.

SpaceX and its technologies will cause an acceleration in the growth of wages and wealth creation globally, including in some of the poorest communities in the U.S. and around the world.

Access to low-cost, high speed communications everywhere will allow children around the world to be educated, families to build businesses, and life-saving medical knowledge and care to be available everywhere.

SpaceX will materially bring down the cost of compute, advancing AI and humanity.

Meanwhile, 4,000 SpaceX employees yesterday became millionaires, including hourly wage employees who you claim you are trying to help.

The Elon Musks of the world drive growth, global GDP, and provide access to goods and services at lower cost that would otherwise not exist.

Elon’s nominal trillionaire status is due to his ownership of SpaceX, Tesla, Neuralink, the Boring Company and his other initiatives that have brought new technologies that improve our everyday lives.

Elon is not sitting on a trillion dollar pile of cash, jewelry and gold. He is using his controlling stakes in his companies to advance mankind. Elon’s companies don’t pay dividends. They reinvest all of their capital to accelerate innovation and value creation.

Elon is working 24/7 for all of us. He deserves respect and appreciation, not smears.

Bernie, your socialism would never allow a SpaceX to be built. Socialism has only proven to impoverish mankind and lead to death and destruction.

We need to create the conditions for more SpaceXs to be built, not attack the great entrepreneurs who are helping to advance our country.

[Erik Voorhees @ErikVoorhees]

No, you don't get it.

He does not have $1 trillion sitting in cash, it is 99% stock in his companies.

To make that wealth liquid would mean selling all that stock which would swiftly destroy *both* the companies (Tesla, SpaceX, others) and the wealth. If he sold it all, he'd end up with maybe $100b max, several hundred thousand people would be out of work, the companies ruined and many of their suppliers also ruined.

Okay, but now Elon has $100b in cash, and can "solve the world's problems".

$100b divided by the world's 8 billion people is $12

If you were in charge, several of the most innovative industrial companies in the world would be destroyed, hundreds of thousands out of work, and space would again close to human civilization for another generation.

But everyone on earth could have one nice meal and you could revel in your altruism.

[Tom Dante @Trader_Dante]

This morning I have finally closed the Gold short I took on 3rd March.

It’s been the biggest trade of my career.

I want to thank everyone in EFL who sat through it with me and had to listen to me talking about it incessantly. As I said at the time, I was a long way outside my comfort zone.

I’ve made tens of thousands of trades across 25 years. I’m in at one level and out at the next. I’ve held something like this only a handful of times.

I should feel elated. And part of me does.

But I’ve spent the last three days writing my book and reliving a lot of painful times. This morning I’m too numb to feel what I probably should.

That’s trading. That’s life.

[Roshun Patel @roshunpatel]

Citadel elegantly murders the Citrini post here https://t.co/Y1MSGMzNKI

[thiccy @thiccyth0t]

crypto market wizards

a text transcript of my interview with Jordi Alexander of Selini Capital

an insight into the mind of one of the best crypto traders in the the world

[Tigran Gambaryan @TigranGambaryan]

Maybe you should take the time to get your facts straight before posting. I was invited by the Nigerian FIU to a meeting in January. Last time I checked, they are part of the Nigerian government. House members also invited us to the meeting. Last time I checked, the legislative branch is also part of the Nigerian government.

You said the second part was part of a probe? Lol. So when you invited us to a friendly meeting, you even lied about that?

A tactic deployed by Gambaryan and his team? What are you talking about? I was in a safe house for a month, watching TV, while you were trying to use me as leverage. You then panicked and knowingly charged me with blatantly false accusations.

So I was released on humanitarian grounds? At least you're finally admitting the need to release me. Last time you posted, you claimed my health was fine and that there was nothing wrong with me.

You investigated? Yet you didn't take a statement from me? A person with direct knowledge. What a joke.

You dragged my name through the mud for the past year with zero evidence against me, nearly killed me, and caused trauma to my family. And now you have the nerve to talk about defamation?

I'll put my credibility on the line anytime. In court? You mean like last time, when your attorneys didn’t even show up to the human rights suit in Abuja?

Get your facts straight. I am done with this foolishness. I said my part. I'll be off twitter now since it's pointless to argue with evil.

[Andy Greenberg (@agreenberg at the other places) @a_greenberg]

As an IRS agent, Tigran Gambaryan was perhaps the most effective crypto investigator ever. Then last year he was charged in Nigeria with money laundering and thrown in prison.

Throughout, he was texting me from a secret phone. This is his full story. https://t.co/cd8P6L2b89

[Andrej Karpathy @karpathy]

New 3h31m video on YouTube:
"Deep Dive into LLMs like ChatGPT"

This is a general audience deep dive into the Large Language Model (LLM) AI technology that powers ChatGPT and related products. It is covers the full training stack of how the models are developed, along with mental models of how to think about their "psychology", and how to get the best use them in practical applications.

We cover all the major stages:
1. pretraining: data, tokenization, Transformer neural network I/O and internals, inference, GPT-2 training example, Llama 3.1 base inference examples
2. supervised finetuning: conversations data, "LLM Psychology": hallucinations, tool use, knowledge/working memory, knowledge of self, models need tokens to think, spelling, jagged intelligence
3. reinforcement learning: practice makes perfect, DeepSeek-R1, AlphaGo, RLHF.

I designed this video for the "general audience" track of my videos, which I believe are accessible to most people, even without technical background. It should give you an intuitive understanding of the full training pipeline of LLMs like ChatGPT, with many examples along the way, and maybe some ways of thinking around current capabilities, where we are, and what's coming.

(Also, I have one "Intro to LLMs" video already from ~year ago, but that is just a re-recording of a random talk, so I wanted to loop around and do a lot more comprehensive version of this topic. They can still be combined, as the talk goes a lot deeper into other topics, e.g. LLM OS and LLM Security)

Hope it's fun & useful!
https://t.co/75mXcUBI8L

[Free_Ross @Free_Ross]

Thanks to @realDonaldTrump's pardon, Ross got to hug his wife, mom, dad & sister outside the walls of prison. The past 36 hours have been a complete whirlwind and we keep pinching ourselves to make sure we're not dreaming.

So much gratitude, love, and hope for what's to come.
Thank you for all your messages! We can't reply to everyone but know it means so much to us. ❤️

[Thomas Sowell Quotes @ThomasSowell]

🗣️Top 8 Epic Thomas Sowell quotes and moments.

🧵A must see thread.

1. "We're raising whole generations who regard facts as more or less optional."

[María Corina Machado @MariaCorinaYA]

Esto se acabó.
VENEZUELA SERÁ LIBRE.

[Bill Ackman @BillAckman]

If the election outcome is as I expected, it should cause the large minority of the country who supported @KamalaHarris and predicted her victory to begin to question their sources of truth.

Half the country has believed that @X is filled with mis- and disinformation, and that they could only therefore rely on The NY Times, MSNBC, CNN and other mainstream media for their news. And they did.

If, however, you have been active on @X for the last year, you have known the truth days, weeks and often months before the facts appear in the MSM.

The MSM excerpted, clipped and cut to defame @realDonaldTrump while claiming that @JoeBiden was fit as a fiddle. Then when Biden’s polls collapsed, @KamalaHarris was anointed the candidate and her hagiography was written with glowing acclaim from the press. But this could not hold as she ducked the media and held fast to the teleprompter.

Citizen journalists with their phone cameras in hand captured the real Kamala forcing her to defend her record and her plans in more media appearances. It did not go well and the public demanded to learn more so @KamalaHarris had to risk more unscripted media.

The doom loop was underway with perhaps 60 Minutes as one of the more dramatic examples, even after CBS tried to save her, most glaringly by excerpting one answer to replace a word salad response to another. But the citizen journalists on @X quickly caught and outed this fraud and demanded a transcript.

As many who supported Kamala began to realize that they have been misled, they became open to Trump as an alternative, but they didn’t want to rely on the media to understand him because they did not want to be misled again.

They wanted to hear the candidate in his own words and that is where @lexfridman and @joeroganhq long form podcasts came to the rescue. When Kamala was offered the same opportunities to explain herself, she rejected them. And the voting public could only draw a negative inference.

When the story of this election is written, I expect it will be as much about how half of America woke up to the reality that they have been manipulated by the media. This should lead to an abandonment by many of the MSM as their primary source of information. It will push more people to @X, to podcasts and other empirical sources, and it will lead to a more informed public.

The other outcome I hope happens is the implosion of the Democratic Party. The Party lied to the American people about the cognitive health and fitness of the president. It prevented, threatened, litigated and otherwise eliminated the ability of other candidates for the primary to compete, to get on ballots, and to even participate in a debate. The Party and the administration used lawfare in an attempt to imprison, bankrupt or otherwise kill off Trump as a candidate. These acts are collectively grave threats to our democracy. With the highest irony in order to hide these acts, the Party accused the opposition candidate of being the grave threat to democracy.

The Democratic Party proved itself to be fundamentally undemocratic. It needs a complete reboot. The leadership should be thrown out and those responsible should apologize to the American people.

Honest Abe said it best:

You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time.

[Erik Voorhees @ErikVoorhees]

"Misinformation" is a meaningless term.

Is it supposed to suggest...

a) Information which is factually false and the originator knows it to be false (aka a lie)

b) Information which is factually false but the originator thought it was true (aka a mistake)

c) Information which is not a matter of fact/objective truth at all (aka an opinion)

What is the point of the term "misinformation" if all these categories already have terms?

Perhaps it's merely a euphemism for "wrong think". It's used to condemn a statement or person as implicitly bad, without having to address whether they're explicitly wrong (and why).

Misinformation as a concept is thus used to avoid the responsibility of correction; a tool of condemnation without the burden of justification.

[kache @yacineMTB]

imagine if you forced chess players to call themselves grandmains instead of grandmasters

[McKenna @Crypto_McKenna]

'Genius will be unleashed, freed from both the oppression of government and the drags of racial and ethnic prejudice.

At the highest plateau of productivity, these Sovereign Individuals will compete and interact on terms that echo the relations among the gods in Greek myth.'

- The Sovereign Individual, Prometheus Unbound

[nic carter @nic_carter]

My keynote at #TOKEN2049: Cryptodollarization: The Emerging Markets Story