Laminar flow is nice, but turbulence is cosmic

I’ve yet to see a mention of what I believe to be an interesting consequence of Durov’s apprehension. I’d suspect the case to be contingent on the integrity of telegram’s encryption. The prosecution should have to prove Pavel’s awareness of the illegal activities they are charging him with facilitating. Signal cabal watching closely

A far superior articulation of the core problem from which my position on this topic was derived.

Did an experiment with a small $AMC market sell to see how bad I’d get filled (book showing sufficient liquidity within 5bps). Got filled 4.6% below the _bid_ Vlad I understand Kenny needs to make a spread but Ceasars offers a lower VIG on Knicks ML This is why they hate the suits

It be ya own people

> independently discover a Zeno's paradox at age 3 > MIT at 17, grad level math in 1st year > graduate in 3 years > drive motor scooters from Boston to Bogotá with the boys > start a company in Colombia > start code breaking with the IDA for money > solve minimal varieties in riemannian manifolds > speak out against Vietnam War, get fired from IDA > take over math dept. at Stonybrook, make it a top-ranked program globally > develop Churn-Simons theory, accidentally contribute more to physics than most physicists > get bored with math, start modeling financial markets > return 60% for 4 decades straight > establish one of the most effective philanthropic organizations of all time > chain smoke cigarettes the entire time RIP Jim Simons, I wish I got to meet you 😓

Grayscale selling Solana @ $1100 the same time Galaxy is @ $64 Wharton Finance still teaches the efficient market hypothesis.

Tremendous opportunity on the supply side of this paradigm, if you are equipped for the regulatory requirements. Collect massive fees on publicly traded vehicles offering exposure to hot private companies. An operator could charge 3% mgmt on a closed end fund with OpenAI at $86b, and it would certainly trade at a premium. Run back the playbook with SpaceX, Anthropic, Neuralink, Anduril and enjoy the cash flow. DXYZ is the perfect case study; incredible demand despite poor execution. Destiny bid the hottest ‘21-‘22 names no matter the price, down big on almost everything beside SpaceX. It’s currently trading beyond 5x book.

Magnetohydrodynamics

Tribeca Brain Trust

Physics is law; all else is recommendation

It appears @xai has acquired the holy domain from @OpenAI ai.com

None of my homies are convinced we have found a room-temperature ambient-pressure superconductor.

I've had the privilege of getting to know a few ~ elite ~ offensive cybersecurity practitioners. If there's one key principle they taught me, it's: The question is never "Can x be compromised?" Instead, it's "How much would it cost to compromise x?" The level of privacy of an application has a reflexive relationship with the content it's entrusted to protect. Once I understood the implications of this, I changed the way I view & use technology generally.

Corporate bond (MSFT, AAPL, etc) yields currently below T-bills (signaling greater safety) ExxonMobil spread reaching 100bps 🤯... I remember during COVID, one of my (at the time 19yo) friends collected unemployment checks - lying about previously having a job. Each week she should collect ~ $500 of "free money". Blowing it all on clothes, etc. before next week's check came in, it wasn't until the following year she discovered the "free money" was taxable. This is all to say, my generation (w exceptions, ofc) remains *completely* oblivious to the intricacies of the archaic US fiat system (debt ceiling, social security obligations, etc). Yet in a few decades, we must come to inherit it, as is, with all it's baggage. If you're ever perplexed by the degenerate financial behavior of young people - internet tokens - 0dte OTM option punting on Robinhood - sports betting multi-leg parlays with tremendous vig Consider the environment we were raised in. We will always buy the dip, because we've never seen a bear market. We will never compound 4%, because the printer can turn on any second. We will always take on leverage, because we can always get bailed out. ...I'm not even sure I yet have a constructive suggestion re the debt debate. I guess all I want to say is: My generation doesn't value tomorrow's dollar, and why should they?

Excitement around this infuriates me. Western medicine will prescribe drugs before prescribing behavioral changes, and we wonder why American healthcare is falling apart.

Phenomenal article by ENS Logan Tobias, USCGA '22 Valedictorian; a must-read for those interested in US maritime strategy. It's incredible to see such a strong leadership perspective from an O1. Big things ahead for ENS Tobias. centerformaritimestrategy.or…

Those who say don’t know, and those who know don’t say

I've stated before that RPCs are currently the most fragile component of blockchain infrastructure. As most attention is spent on Nakamoto coefficient, etc - it's far easier for a nation state to restrict access than attack consensus. In hindsight, @lavanetxyz will be obvious