There's a new kind of coding I call "vibe coding", where you fully give in to the vibes, embrace exponentials, and forget that the code even exists. It's possible because the LLMs (e.g. Cursor Composer w Sonnet) are getting too good. Also I just talk to Composer with SuperWhisper so I barely even touch the keyboard. I ask for the dumbest things like "decrease the padding on the sidebar by half" because I'm too lazy to find it. I "Accept All" always, I don't read the diffs anymore. When I get error messages I just copy paste them in with no comment, usually that fixes it. The code grows beyond my usual comprehension, I'd have to really read through it for a while. Sometimes the LLMs can't fix a bug so I just work around it or ask for random changes until it goes away. It's not too bad for throwaway weekend projects, but still quite amusing. I'm building a project or webapp, but it's not really coding - I just see stuff, say stuff, run stuff, and copy paste stuff, and it mostly works.

It’s already happening

It might turn out that the GPT wrapper has more of a moat than GPT.

AI Narrative performance and thoughts on what to do next: #VIRTUAL down 40% this month #FARTCOIN down 30% this week #AI16z down 65% this month #AIXBT down 35% this week $ARC down 30% this week #GRIFFAIN down 60% this week #GOAT down 8% from ATH #ZEREBRO down 85% this month $MOBY down 45% this week #SWARMS down 55% this week $BUZZ down 65% this week ____________ Thought 1 - Liquidity is leaving The reason for the sharp sell-off is clearly narrative-wide, meaning liquidity is leaving. The good thing is: - This sell-off does not mean your project sucks. The bad thing: - If liquidity doesn't reenter your coins will stay at or around these levels with a low probability of reaching ATH again. ____________ Thought 2 - Fundamentals don't matter I often hear prominent voices in the AI narrative talk about how the price is down, but fundamentals are improving. Please don't believe in this narrative. The sell-off we experienced is CLEARLY decoupled from fundamentals. This tells me the previous valuations were CLEARLY decoupled from fundamentals. So it is wrong to argue narrative-wide price increase because of improved fundamentals. We don't need better fundamentals. We need a spark of excitement to bring speculation back into the narrative. Large flashy inventions can induce this spark but not gradual increases in fundamentals. ____________ Thought 3 - Liquidity rotations One thing I observed this week: Large altcoins have been performing well while onchain altcoins are getting slaughtered. The on-chain holder may rotate their liquidity into large altcoins since they are currently the only green projects on their radar. I.e. "chasing the gains" I think this liquidity may rotate back into AI coins at some point. The requirements for this: - Large caps stop pumping - Interest in Agents remain - No catchy new narrative Earlier in this year memecoins were the dominant narrative. They also had a few large corrections only to come back a few weeks later. Does it make sense to attribute similar properties to the agent narrative? I think there are some good arguments for this. ____________ Thought 4 - Buying the bottom of Agents I would not recommend trying to catch the bottom of some of these agents' projects. Yes, it might be incredibly lucrative. However, there is a high probability of missing the bottom and high uncertainty that any of the projects reach previous highs. Not worth the risk reward in my humble opinion. The best R/R right now is to be in stables and do nothing. You can always get into the market when conditions seem better. If conditions are better it's simply easier to make money so why would you try to do it the hard way?

exo is well positioned for the new paradigm of massive sparse MoE. The M4 Ultra is rumoured to have 256GB @ 1092GB/s unified memory. Two of them can run DeepSeek R1 at 57 tok/sec using exo.