JJ
@JosephJacks_
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Acceleraτing an Open Fuτure // 🌏 @OSSCapital 🕊️ @LatentHoldings
Cayman Islands
Joined August 2013
Permissionless incentives don’t exist in the world of companies. You need country X permission to launch startup Y to serve customer Z … furthermore, you need employee A permission to sign employment contract B in order to do work C. All of XYZ + ABC are highly permissioned. For the first time in the recorded history of capitalism since its emergence in the late Middle Ages over 600 years ago, Bittensor is making all of those variables entirely permissionless. The profundity of this moment is not remotely appreciated by the masses, but it doesn’t need to be. The future is very bright and the future of capitalism is here. It’s just not evenly distributed. $TAO
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RT @richiemcilroy: ok we have some absolutely HUGE things launching for @Cap later this month... everything is so exciting right now. so mu…
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RT @brian_armstrong: It really depends what you count as the official start year - for Bitcoin, Internet, and mobile phones - to make this…
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Most fancy L1s have $100s of millions / billions in funding … while the most successful L1 has < $10M / yr in funding. The same principle of capital efficiency applies to blockchains … as with the most successful software companies in history: most raised little / zero VC.
You hear about the developers of L1s all the time — But ever wonder who maintains the Bitcoin codebase? It's a small group of 41 people. With only $8.4M of funding a year, from 13 organizations, they are tasked with keeping the software of a $1.2T network ticking. Learn more in this great new report on Bitcoin core development. Link below —
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“No real AI innovation comes from China” … Fact: ResNet is the most cited AI paper in history by far (250K+ citations) and was written by Chinese authors in China: Kaiming He, Xiangyu Zhang, Shaoqing Ren, Jian Sun. 🇨🇳🇨🇳🇨🇳🇨🇳
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RT @BaileyPumfleet: The first sales call at @calcom: A 17-year-old me talking to a top company CEO. Zero clue about "proper sales techniq…
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