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Joined March 2022
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Jake Z. retweeted
I resigned from Anthropic today. I spent the last three years doing pretraining research at both OpenAI and Anthropic. Neither company is acting responsibly. They are racing straight to self-improving superintelligence and gambling with our lives. More thoughts below.
Jake Z. retweeted
Kimi K3 Is Not Truly Open Source: Free up to 20m TTM Revenue then Revenue-Sharing with Moonshot AI
We have @kevinsxu actually read through the Kimi K3 license and results are alarming. He's ex-staffer at US Department of Commerce under Obama, and later Director of Partnerships at GitHub (1).
Kimi K3 is free open source for Neoclouds if they in turn give away tokens for free or are lower than 20m TTM (trailing twelve months) revenue. But the GPU cost to serve Kimi K3 is expensive and thus any Neocloud serving Kimi K3 will break 20m TTM.
Revenue Share
Sure today, the revenue-share agreement may be very generous in terms of how much revenue-sharing goes to Moonshot AI but China is very long-term intelligent. There will be a day where China collect's a built advantage whether through political pressure or higher revenue-share. Kimi K3 is not free open source in reality.
Not True Open Source
Users of Kimi K3 are effectively sending revenue to China and building dependency on China. This is a double whammy because
1. This cut into Neocloud Inference Margins
2. The long term business model is at the mercy of China. The Chinese government can one day decide to no longer export the newest open source models for political reasons or their labs can contract the latest model at full value of their revenue-share.
This will cripple Neocloud with large revenues from Chinese open source models and even the American economy if there is too much dependency.
Conclusion
The only true open source is $NVDA Nemotron, Mistral AI, and $META if they decide to get back into open source.
Here is how I see the Kimi K3 license works in real life:
- Clause 2, the Model as a Service clause, is intended for all the cloud platforms essentially reselling K3 to their customers. This includes hyperscalers (AWS, GCP), to neoclouds (Nebius, CoreWeave), to inference platforms (Fireworks, Together, baseten). The $20 million trailing 12 months revenue threshold is comically low. Everyone meets it and will have to negotiate a commercial, revenue-sharing contract with Kimi. All the ones that have offered Zero 0 support today already did.
- Clause 3, what I called the Branding clause, is less about revenue generation, more about aura farming. For example, if say AT&T (who does a lot of open source AI work btw) wants to use Kimi 3 to power its customer service agent, if if they makes tweaks and fine-tuned, it will have to show "powered by Kimi 3" or something along that line to deploy this service. AT&T is obviously big enough to pass the user base and revenue threshold. Customer service is also a commercial in nature. But AT&T does not need to pay Moonshot a dime.
Jack Dorsey’s Buzz is not just another AI workspace. It is an experiment in rebuilding how companies work in the Agent Era.
Jake Z. retweeted
Sergey Nazarov shaking hands with President Trump as the GENIUS act is signed into law
Art of the deal
Jake Z. retweeted
虽然最近链上流动性急速下跌，但明显感受到链上交易平台又增加了不少，包括但不限于各类trading bot、perp、发射平台等等。
上一波大规模增多记得还是去年年中pump.fun出圈的时候；最近一次增多则是在特朗普meme潮前后。
我在11月Devcon期间，密集地跟几个trading bot交流后，发推感叹道，trading bot就是这个周期的“隐形冠军”。现在来看，这类冠军已经不隐形了，大家都知道头部产品很赚钱了哈哈哈
在当下链上交易产品增多且同质化越来越强的情况下，个人的感受是：
1️⃣ 或许需要从其他差异化的需求场景入手：抢走百度市场份额的，不是其他搜索引擎，而是小红书；所以平台间的胜出者，可能会是以新的形态呈现的，而不是千篇一律的trading bot、perp dex。
比如 @lmkfun开始以“UGC”为抓手，通过吸引KOL创建channel，分享交易信号，让用户轻松简单地实现copy trading。
对于交易类产品而言，用户迁移成本高，如果只是细微的产品功能迭代，或者交易挖矿激励，不足以吸引其转移。在这背景下，市场对项目的产品设计和运营敏捷度，无疑又有了更高的要求。
2️⃣ 卷产品，抢渠道：以Banana Gun为代表的一代目trading bot，由于先发优势，在比较早的时候就积累了一群degen用户。而到二代目产品DEXX等兴起的时候，除了卷产品外，渠道和运营层面竞争也愈发激烈。
非常清晰地记得，在11月前，DEXX的渠道是真的铺得很猛，其用户增长和黏性也很强；11月后GMGN奋起直追，快准狠地和一些车头建立了合作；到去年年底，UniversalX正式进军，在链抽象的技术基础上，也开启了非常积极的市场策略；而OKX Wallet甚至直接打通了CEX端的返佣体系。
现在在链上交易领域，已经到了各家花钱抢渠道的阶段了。渠道是有限的，如果项目再不抓紧，后面优质的渠道只会越来越少。
比如现在再来一个相对同质化的产品，如果再通过一对一铺渠道的形式来进入中文市场，几乎没有太大机会了。
3️⃣ 虽竞争加剧，但也会是多足鼎立：如果类比CEX的市场发展历程，竞争到一定阶段，大概率还是会出现绝对头部，但也依然会是多足鼎立的状态。就现在各家平台的团队和业务规模来看，或许竞争也依然还是在早期🤔
Jake Z. retweeted
Sharing all the @Bybit exploiter address we got so far, hope this help:
0x47666Fab8bd0Ac7003bce3f5C3585383F09486E2 0xE9bc552fdFa54b30296d95F147e3e0280FF7f7e6 0xBCA02B395747D62626a65016F2e64A20bd254A39 0xD3C611AeD139107DEC2294032da3913BC26507fb 0xe69753Ddfbedbd249E703EB374452E78dae1ae49 0x9eF42873Ae015AA3da0c4354AeF94a18D2B3407b 0xbdE2Cc5375fa9E0383309A2cA31213f2D6cabcbd 0x684d4b58Dc32af786BF6D572A792fF7A883428B9 0x9271EDdda0F0f2bB7b1A0c712bdF8dbD0A38d1Ab 0x4C198B3B5F3a4b1Aa706daC73D826c2B795ccd67 0xBC3e5e8C10897a81b63933348f53f2e052F89a7E 0x8c7235e1A6EeF91b980D0FcA083347FBb7EE1806 0x5Af75eAB6BEC227657fA3E749a8BFd55f02e4b1D 0x1bb0970508316DC735329752a4581E0a4bAbc6B4 0x660BfcEa3A5FAF823e8f8bF57dd558db034dea1d 0x959c4CA19c4532C97A657D82d97acCBAb70e6fb4 0x40e98FeEEbaD7Ddb0F0534Ccaa617427eA10187e 0x0e8C1E2881F35Ef20343264862A242FB749d6b35 0xf0a16603289eAF35F64077Ba3681af41194a1c09 0xCd7eC020121Ead6f99855cbB972dF502dB5bC63a 0x30a822CDD2782D2B2A12a08526452e885978FA1D 0xB4a862A81aBB2f952FcA4C6f5510962e18c7f1A2 0x140c9Ab92347734641b1A7c124ffDeE58c20C3E3 0xb172F7e99452446f18FF49A71bfEeCf0873003b4 0x2290937A4498C96eFfb87b8371a33D108F8D433f 0x23Db729908137cb60852f2936D2b5c6De0e1c887 0xB72334cB9D0b614D30C4c60e2bd12fF5Ed03c305 0x6d46bd3AfF100f23C194e5312f93507978a6DC91 0x09278b36863bE4cCd3d0c22d643E8062D7a11377 0x52207Ec7B1b43AA5DB116931a904371ae2C1619e 0x1eB27f136BFe7947f80d6ceE3Cf0bfDf92b45e57 0xFc926659Dd8808f6e3e0a8d61B20B871F3Fa6465 0x83c7678492D623fb98834F0fbcb2E7b7f5Af8950 0x51E9d833Ecae4E8D9D8Be17300AEE6D3398C135D 0xfa3FcCCB897079fD83bfBA690E7D47Eb402d6c49 0x83Ef5E80faD88288F770152875Ab0bb16641a09E 0x96244D83DC15d36847C35209bBDc5bdDE9bEc3D8 0xCd1a4A457cA8b0931c3BF81Df3CFa227ADBdb6E9 0xAF620E6d32B1c67f3396EF5d2F7d7642Dc2e6CE9 0x3A21F4E6Bbe527D347ca7c157F4233c935779847 0xA4B2Fd68593B6F34E51cB9eDB66E71c1B4Ab449e 0x36ed3C0213565530C35115d93A80F9c04d94E4Cb
Also created a entity dashboard to better track the status:
scan.0xscope.com/newEntityDa…
Jake Z. retweeted
Someone made $1.72M by trading $SHADOW on @SonicLabs!
He bought 10324 $SHADOW with $100.7K at $9.75 20 days ago and moved to another address. Today he sold 9.3K for $1.629M at $175. Still holding 1000 token ($190K).
@AndreCronjeTech bring DeFi back?
sonicscan.org/address/0xc597…
Jake Z. retweeted
The @chainlink ecosystem is home to some of the most innovative projects in Web3.
As a Chainlink BUILD member, @ScopeProtocol will leverage @chainlink technology to boost @lmkfun, a product which aims to create new opportunities for on-chain traders to:
✅ Share and monetize on-chain trading strategies
✅ automatically copy-trade your favorite KOLs
✅ Grow communities with comprehensive customization
Jake Z. retweeted
On Cruiser’s Hub @lmkfun
We’re always on the printing side 💯🫂
Free to join lmk.fun/detail/1881974883437…
Jake Z. retweeted
♠黑桃A频道仅收录了我个人跟踪的28个聪明钱，
@lmkfun 严选的金狗复盘基本都能覆盖到
聪明钱在精不在多，减少噪音才是正道
欢迎关注
lmk.fun/detail/1882231592760…
