0xJoy retweeted
Pudgy Penguins are taking over Japan.
Join the Huddle from July 12–15 as we co-host a series of community events with @AvaxTeam1 during WebX Tokyo.
More details and RSVP information below.
0xJoy retweeted
Over the past few years, Pudgy Penguins has rapidly expanded its retail footprint.
Through major retailers globally, Pudgy Penguins has already reached 10,000+ stores and hundreds of millions of people.
Here are some highlights from that journey 🧵
Rationalists, Aliens, and Loss
This'll be a very long and meandering (and, frankly, skippable!) post about a strange week I had in mid-June.
That week started on a humid Monday in Cherry Grove South Carolina with tremendous grief at suddenly losing my dog...and ended on a sunny coolish Sunday in Berkeley California, at the Manifest rationalist conference, making $325k of side bets on strange lifeforms, both of the extraterrestrial variety and the Kamala variety.
My birthday was squeezed in between, where I went to see Disclosure Day (rating: even more skippable than this post).
--
We'll start with Manifest, and for relevant color from an actual journalist: @jcbeam at Bloomberg has written a readable dispatch from this year's iteration bloomberg.com/news/features/….
Manifest has become the de facto prediction market conference, because it existed as a place to discuss/promote prediction markets before they became ubiquitous (the organization which runs Manifest also has a play-money/user-created/very fun prediction market called Manifold, which hosts various markets on what will happen during the weekend). And so the conference definitely WAS a lot of what I do for a living (trade prediction markets), both in terms of attendees and also sessions. And my favorite moments were meeting other traders for the first time and talking odds. When we wildly differed, it made for good discussion!
But Manifest was also a lot of another thing: rationalists or "rats" (their term). The conference takes place in a literal walled-off compound, a former hotel, called Lighthaven. Rationalists are a bit controversial! I did see a protester stationed outside of Lighthaven, although his pet cause seemed to be something to do with testicles that I didn't quite grasp. But given the possibility of (more relevant) protests, there was a security guard to prevent people who didn't belong from getting in. Having now attended, I'd politely suggest there should be a second security guard to keep some of these people and ideas from subsequently getting out.
I started the weekend asking a rationalist what "rationalists" means, and I was basically told, in a serious manner, that it is someone who interacts with a lot of blogs. Which I thought was a haha-funny joke, but it turns out this is the definitive description: the Wikipedia article says it is a "21st-century movement that formed around a group of internet blogs, primarily LessWrong and Astral Codex Ten." This definition was further reinforced by witnessing interactions where rationalists referenced individual blog posts by their title, and the room largely nodded along knowing exactly what that blog post contained. Felt quasi-religious.
Aside from prediction markets, the biggest topic of conversation at Manifest is easily AI safety (and this cause has become closely affiliated with the rationalist community). With the Trump-mandated Fable 5 shutdown being the breaking news on the opening Friday night (with multiple rationalist-adjacent Anthropic employees in the building when the order came down!), AI safety overtook prediction markets as the dominant discussion topic.
And tbh, I didn't mind this much! Because I have very, very strong views that AI is not going to kill humanity. And this belief is a minority view at the conference, so that's kinda wild and interesting, right? The more popular view was that humanity will be "paper clipped" by artificial superintelligence. Made for good conversation! Nerdy and apocalyptic conversation.
The conference also had varying levels of discussion - both formal sessions and informal debates/lectures - around topics like...animal welfare, effective altruism, expanding the rationalist movement, and...polyamorous relationships.
When I described to a family member what Manifest was before I went, I said "It's a conference of mostly prediction markets and AI safety with...(switching to a whisper)...an undercurrent of debauchery." And I'd say that ended up being my experience. The sensualityness of it all was not in-your-face, but as the day wore on, the tension was bubbling up. I believe each year they have a Manifold market on whether there'll be an orgy, and it's won at least once!
And the star of that strain of the conference is definitely Aella, a sex worker turned Internet celebrity. I attended one of her sessions, and I half-expect to see what I witnessed in a future documentary...something in the vein of "Wild Wild Country" (rating: must-watch!). The enraptured audience watched intensely as Aella orchestrated - like some sexual maestro - a succession of awkward men approaching women. The women appeared to be Aella acolytes. Aella would often intervene and physically move the appendages of the men and women around like dolls. She gave suggestions on what to say, where to stand, and what to think about. It was equal parts awkward, odd, and grandiose. It was all very guru-coded. It was the furthest thing from rational blogging that I saw that weekend. (I'm sure I'll be tut-tutted that this was actually science-based, but skepticism is warranted).
Which is not to say that any of the events that weekend came across with bad intentions in mind. By and large, everyone was well-meaning and highly open and seemed to be enjoying themselves (the only topic that I broached that seemed to be taboo was questioning the rationalist movement itself, which was kind of just widely held to be virtuous).
Overall, the participants all seemed to be in various stages of contentment that they had made a great decision in attending this event. Some that seemed very socially awkward seemed like they took a lot of meaning from attending. In finding a group that fit their interests and beliefs. That was really cool to see! And I understood the quiet power of finding an "in-group" in those moments. A sense of belonging for people that may not get that elsewhere.
But...but...as a first-time observer, and as a naturally curious person, I tried to feel around to the outer edges of the rationalist community and go to as many open-ended and "controversial" events as possible. And I have to say that the flip side of an in-group, the echo chamber, also became very obvious, very quickly.
I'm a smart person. I'm an educated person. But part of being a really good prediction market trader is realizing that as smart as you are as an individual, you do not have it all figured out or anywhere close. If you put your intelligence on a pedestal, the uninvited guest hubris will crash that party with a quickness. Or another way to put it: superforecasters are not really a thing. To the extent there are superforecasters out there, their superpower is being a little better than average at forecasting. But humanity is very bad at forecasting! So the superpower is...you're still kinda bad, but you are slightly less bad.
Any lessons on hubris or humility seemed a bit over the head of many of the attendees at the event, who seemed to view the people inside these walls as the smart crowd. That they were productively moving the ball forward, maybe even solving, many of humanity's problems. And the hard thing for them to figure out was how to IMPLEMENT all of these things. And, to be clear, this is very well-meaning. But it is also paternalistic. And beyond paternalistic, it is absurdly unrealistic. The sense I got was that this was a group of people in various stages of arrested development, with sometimes very low introspection. Sort of like an adult kickball league, except it was adult model UN/debate club. And instead of kickball being a way to wind down, their leisure activity is the most meaningful thing they have going.
And being a little delusional isn't necessarily a bad thing. What struck me as a bad thing was that some of their beliefs are downright scary. Ideas that we have tried already, and as a society decided this was a terrible idea.
I went to a session on creating "Superbabies", or -- to use the loaded historical term -- eugenics. It was beyond merely controlling for disease (this is great!), it was talking about maximizing IQ and other "good" traits like bravery. The room (and even talking to people later who were not in the room) seemed overwhelmingly sympathetic to this being a good idea.
And look, I'm not a woke person...but I was in a bit of shock that this very white, very intelligent, very high-earning cohort of individuals were discussing such a history-loaded and racially-loaded idea so cavalierly. The word paternalistic again pops into my head as the best way to describe this.
The worst event of the weekend bears mentioning, although I don't want to dwell on it, because I don't think it represented people there. I should also caveat that this was at a session titled "Share your most politically incorrect belief (nothing leaves the room)." I definitely made a social promise when I stepped into that room to not let anything leave. But I feel like the seriousness of what I heard overrides that promise, especially because of the connection to the eugenics bit. A youngish white person who a few hours earlier had been a vociferous audience supporter of eugenics at the Superbabies session decided that their most politically incorrect belief was that we should be able to say the n-word (at which point the word was yelled out). Further, that it was cowardly not to use the word.
Personally, I love controversial ideas and against-consensus discussions. But I've studied enough history to know that this word harkens back to one of the darkest times in all of our species history, enslavement and wanton violence. As a society, we have correctly and collectively decided to excise this word the hell out of existence. The idea that some flippant, ignorant dipshit wants to wheel it out as a hyper-libertarian "gotcha" at a conference like this, and did so hours after expressing that he wants "high IQ" babies like himself is all sorts of wrong.
Again...I don't want to dwell on this. I'll just say that there was an exchange between Phil Donahue and Milton Friedman that must be almost 50 years old at this point. I saw it on Youtube like 20 years ago. And they were discussing the merits of capitalism vs socialism, etc., a long-running debate. And Friedman said at some point, rhetorically, "Where in the world are we going to find these angels who are going to organize society for us?" At this conference, there were smart, funny, kind people, but they were also...just people. And I felt that key parts of this group, speaking generally and not specifically, seemed blinded to their own paternalistic attitudes, and were totally losing the plot on some topics. I felt compelled to write about this for anyone considering going to this event in the future. This was just my experience! And ymmv.
--
But to end the Manifest chapter on a better note, because I did have a good time: there's tons of people there with a betting mindset. And those are my people, so naturally I made some bets.
One is with @CodyZervas -- who expressed that he thought the UAPs "Unidentified anomalous phenomena" or more colloquially UFOs may be alien in origin. He also said he had made various side bets with people to where he would win $200k if it was proven to be aliens.
To the dismay of my AI agent, who thought the odds were terrible, and purely because of my love of round numbers, I decided to throw my $300k into the mix (bringing him to half a million in potential winnings) in exchange for $3k -- 4 years from now.
So either we'll have proof that we're not alone in the universe by the year 2030, or I'll be $3k richer. This is a win-win! The agent is the idiot!
And the other bet was with @aokadam who expressed that Kamala Harris stood a chance in the 2028 Dem primary. She does not. He also expressed skepticism around betting at all on 2028 right now, because it's so far away.
At this point I had to intercede, and I offered him my $25k to his $1k on Kamala. $1k will be his price to learn that Kamala is a below average politician who ain't winning any primaries anymore, AND he's now betting on something he said we shouldn't be betting on yet.
Unfortunately, as I am typing this, I now realize these events may be correlated, to my detriment. Kamala winning the nomination could indicate that virtually every other Democrat has been wiped out by aliens, and I lose both bets in one fell swoop.
--
Finally, to wrap this meandering post up, I want to eulogize one of my very best friends in my life, my dog Chester, who just a few days prior to this crazy Manifest weekend had passed away.
I met Chester in 2017, a timid and nervous dog (pictured below trading PredictIt with me). And we spent most of every non-travel day together ever since, both of us changing and growing. I had a dog as a child, and I guess I never really internalized what the personality of a dog was or could be other than "I'm a dog." When I expanded to two and then three dogs a few years after Chester, the differences in personality became READILY apparent.
And Chester's true personality was this: loyal companion, a natural leader, and totally fearless while also endlessly kind (pictured below after conquering a mountain). He died at the ripe age of 16, but he was so puppy-like in both appearance and countenance that it seemed like he would live until 20. An emergency room visit on a Saturday morning for not eating turned into a diagnosis of multiple cancers by the afternoon. And so on Sunday, I drove my boy out to the beach. He'd never walked in the ocean before, and the ocean is so calming and important to me personally that I had to do it. I thought he might've hated it, but he let the waves lap up against his paws with pleasure. He went to sleep the next day in my arms, and it's still hard to process that.
I never thought I would get a tattoo; I'm not that type of person, and maybe not even cool enough for one. But I'm going to get a Chester tattoo, so he's always close to me.
I have a death zero philosophy on my life. My kids (if they avoid getting "paper clipped") will be cut off from non-loans by 18. Maybe 19 if I like them. I don't believe in dynastic money or intergenerational wealth, and it'll all be given away.
So, if I do ever make a very large amount of money, spoiler alert: there's going to be a very large dog shelter built with it for other Chesters out there.
0xJoy retweeted
今天李在明拉着两大财阀的手宣布2000万亿韩元扩产计划,为啥三星海力士反而跌?
因为这俩是掏钱的,今天是掏钱的跌收钱的涨
我看完发布会就一个感受,大城市扩产不现实,和居民抢电抢水,已经投诉不断
外加韩国不甘心只卖内存,还要搞自己的数据中心。只能往郊区赶,后面他们的瓶颈,就是电力和淡水(电力不用说,淡水70%用在纯化后的晶圆工艺清洗,剩下主要是冷却,这方面用量液冷普及后会下降)
我给大家整理了一下概念股:
电力基建:
斗山能源|034020
韩电技术|052690
韩电KPS|051600
LS电气|010120
晓星重工|003240
韩国电力|015760
SK E&S|011790
SK이터닉스|475150
韩华|009830
LS海洋|060370
三星SDI|006400
现代建设|000720
淡水基建:
韩星洁净科技|066980
斗山能源|034020
今天全部大涨
日本也是同理,AI时代,地方小,又想成为完全体,是有天然缺陷的。可提前埋伏对应板块
0xJoy retweeted
Questions are everything.
Because the people who never stop asking are the ones who find answers.
Replying to @CryptoLorenzo2k
if you think this stats and your slop posts on twitter will get you anything more than 100$ you are indeed delusional brother...
0xJoy retweeted
Elon Musk acabou de provar que a propriedade na América é uma ficção legal.
Musk: “Você é tributado pelo que ganha, tributado pelo que compra e tributado pelo que possui.”
Pense no que o imposto predial realmente significa.
Você trabalhou por décadas. Pagou tudo integralmente. A escritura está em seu nome.
Pare de pagar à governo sua taxa anual. Veja-os tomarem e venderem para alguém que pagará.
Você nunca possuiu aquela casa. Você estava apenas alugando de uma entidade com a qual nunca assinou um contrato.
O imposto de renda conta a mesma verdade em uma embalagem mais suave.
O governo não toma uma porção dos seus ganhos. Eles decidem quanto do seu próprio trabalho você tem permissão para manter.
Isso não é semântica. É uma confissão de quem o sistema acredita que seu tempo pertence primeiro.
O imposto sobre vendas enterra-se no recibo. Duas pessoas trocam valor voluntariamente. Um terceiro que não contribuiu nada leva uma fatia simplesmente por permitir que isso aconteça.
Agora empilhe todos os três.
Tributado quando você cria. Tributado quando você gasta. Tributado quando você segura. Tributado novamente quando você morre e tenta passá-lo para seus filhos.
Em nenhum ponto desse ciclo o sistema reconhece sua produção como sua.
Porque o dinheiro não é uma abstração. É a vida humana cristalizada.
Todo dólar tributado é uma hora que você já viveu, já sangrou por ela, já se foi.
O Estado não está gerenciando uma economia. Está reivindicando domínio sobre o tempo que você nunca recuperará.
E gastando em sistemas que você nunca pediu e ativamente se opõe.
A instituição que extrai tudo isso não enfrenta nenhuma obrigação de desempenho. Um contratado que não entrega nada é demitido. Uma burocracia que queima trilhões recebe um aumento de orçamento no próximo ano fiscal.
A SpaceX paga impostos às agências que obstruem seus lançamentos. A Tesla financia os reguladores que redigem regras para proteger seus concorrentes.
Os construtores não estão subsidiando o governo. Eles estão financiando seu próprio atrito.
O código tributário tem 74 mil páginas. Não porque a economia exija isso. Porque a extração teve que ser enterrada em complexidade suficiente para que você parasse de perguntar para quem ele foi desenhado para proteger.
O passado pertencia às pessoas que tributavam o mundo.
O futuro pertence às pessoas que o constroem.






































