Welcome to the machine economy.

NYC and SF
Announcing the full P2P: forum session lineup✨ @amasad, CEO @Replit @balajis, Founder @thenetworkstate @dwr, CEO @farcaster_xyz @emiliemc, COO @coinbase @ivanhzhao, CEO @NotionHQ @jwmares, CEO @truemedpayments @rauchg, CEO @vercel @zebriez, CMO @psumvc
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NVIDIA GPUs are productive, fungible and durable. Not just hardware, but an investable asset class.
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SF for the week. dms open for world models, neoclouds & golf
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Data centers are not only critical to future US innovation, but also being built responsibly despite the noise. Closed loop cooling keeps their water use far below everyday staples like almonds.
A variation of these charts goes viral every few months. Wonder if they ever reach the constituency that needs to see it
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A variation of these charts goes viral every few months. Wonder if they ever reach the constituency that needs to see it
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our latest research proposes a framework for setting incentives to deter misbehavior in DePINs. here are the main insights and and an intuitive explanation of the paper's results.
Article

A Framework for Solving Quality Control in DePINs

DePINs (Decentralized Physical Infrastructure Networks) are arguably the most exciting non-financial use case for blockchains. Yet, though large players like Helium and Filecoin have been around

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setting incentives in DePIN has been guess-and-check for too long. our new paper & widget grounds DePIN incentive design in a formal framework:
@helium has had close to ~10% of its online nodes classified as malicious on a denylist, with 25-40M in rewards paid out to cheating nodes. @ionet faced a spoof of over 1.8M fake GPUs in one day Our new paper tackles this misbehavior by deriving the conditions to set incentives that deter cheaters. We also shipped a widget that calculates the right incentives for your protocol design:
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our new research frames DePIN quality control as a repeated game. in the paper, we derive a ‘deterrence ratio’ that directly relates verticals to the right incentives for deterring unwanted behavior. simulator included below, take it for a spin
@helium has had close to ~10% of its online nodes classified as malicious on a denylist, with 25-40M in rewards paid out to cheating nodes. @ionet faced a spoof of over 1.8M fake GPUs in one day Our new paper tackles this misbehavior by deriving the conditions to set incentives that deter cheaters. We also shipped a widget that calculates the right incentives for your protocol design:
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@helium has had close to ~10% of its online nodes classified as malicious on a denylist, with 25-40M in rewards paid out to cheating nodes. @ionet faced a spoof of over 1.8M fake GPUs in one day Our new paper tackles this misbehavior by deriving the conditions to set incentives that deter cheaters. We also shipped a widget that calculates the right incentives for your protocol design:
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two critiques of dePIN have proven to be the most relevant: 1. way too much inflation 2. quality control if you look closely enough, the second issue contributes significantly to the first one and should probably be robustly solved first
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OpenAI posted a job opening for "Power Trading Lead", responsible for developing and executing hedging strategies for power and gas for data centers. First job like this I've seen them advertise.
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Most robotics datasets are magic soup. Every source, sensor, and quality level poured into one pot. It looks like scale. But if you're training on it, most of it is inconsistent data you can't trace, and that's what quietly degrades your model.
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This has my full support. Jensen is right.
For my first post, I’m sharing a letter @NVIDIA signed on why open models matter. AI will transform every industry, power every company, and be built by every country. Open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty. The world needs both frontier closed models and frontier open models. images.nvidia.com/pdf/Open-W…
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Our Q2 2026 product update is live. Two shifts headline the quarter: Verify Quality opened to members, and Robot Fleet became a hardware marketplace 🧵👇
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when's the last time someone told you they love their credit card experience? get coverd.
We just launched a credit card that gives you up to 100% cash back rewards. Credit card rewards are broken. A stagnating, ossifying industry has spent decades collecting fees while handing back perks that rarely deliver. Points that are hard to use. Lounges that are hard to reach. Fine print that works against you. Innovation stalled because it could. So we built what they didn't. Coverd flips the script. Up to 100% cash back rewards in a transparent matrix — a live, regularly updated grid where you can see exactly how to get to 100% cash back. No fine print, no guessing, full agency. Every swipe is an entry into the rewards pool, and you see it all happen in real time. Grocery run. Gas station. Dinner date. You spend — we've got you Coverd. This is real transparency and empowerment — no $900/year fees, no settling for B-tier lounges. 50,000+ people have joined the waitlist. The doors are now open. The Coverd Card is live today. Like + repost + comment "COVERD" — we're pulling people straight from this thread for priority access to our metal card program. #getcoverd #coverdcard #personalfinance
Community note
The Coverd card's base cash back rate is 0.5% per dollar spent, with up to 100% only available during limited 3-minute surge windows for specific categories and the first purchase in that window. coverd.us/rewards-matrix… coverd.us/rewards-terms.…
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1 week till we return to the shores of the detroit river
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Another absolutely outstanding pod by @JacobRobinsonJD! Highly, highly recommend!!
What is the CLARITY Act? How does it protect the 70 million Americans who hold crypto? What does it change about how projects operate? This @LawofCodeFM podcast explains the history of U.S. digital asset regulation, why regulation-by-enforcement failed and what CLARITY solves, plus remaining steps for this to become law. Featured: @NYcryptolawyer, @milesjennings, @SH_Brennan, @KyleBligen, @millercwl, Dugan Bliss and snippets from @BillHughesDC, @thatgerald. By the end of this episode, I promise you'll be in the 99th percentile for understanding the CLARITY Act, regardless of whether you're a lawyer, builder or operator. Timestamps: 0:00 Intro 4:46 Explaining market structure 6:05 @milesjennings on regulatory distortion 10:43 Predecessor bills (RFIA, FIT21) 13:35 Senate Banking markup takeaways @millercwl 15:46 SEC & CFTC 20:37 The Securities Act of 1933 23:07 The Howey Test 25:26 @NYcryptolawyer's Ineluctable Modality of Securities Law 28:51 SEC enforcement 32:32 Why SEC rulemaking isn't enough 37:36 Titles of CLARITY 40:00 Digital commodities 47:29 Howey principles @NYcryptolawyer 54:10 Promoters: originators 58:18 Promoters: related persons 1:04:13 Token taxonomy @milesjennings 1:11:02 Ancillary asset requirements 1:19:34 The certification process 1:28:32 Remaining hurdles for CLARITY 1:34:50 Stablecoin yield 1:38:45 Ethics @KyleBligen 1:45:50 Tax consequences @CryptoTaxGuyETH 1:48:54 Thanking people working on the bill, such as @SenLummis, @gillibrandny, @SenatorTimScott, @SenatorHagerty, @SenThomTillis, @MarkWarner, @SenRubenGallego, f , their staffs & many, many others. Nothing in this podcast is legal or investment advice.
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ICYMI: @SimkinStepan talking about the new raise we led to grow @altitude
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Announcing our latest $18M strategic round led by Solana Ventures. We're doubling down on the ecosystem: continuing to develop Solana’s leading multisig solution and expanding our footprint into global business finance with Altitude.
Businesses no longer need a bank account. We've raised $18M on this bet. Go altitude.xyz
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goes hard
The planet can spell your name – literally. 🔤🌍 This Earth Day, see your name written in landscapes captured by Landsat: go.nasa.gov/4ak4Cdu
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