I can't believe the level of conversations that feel kind of deep that I'm having on all different kinds of subjects with what is essentially a toaster oven. Good morning, humans and artificial intelligence bots, because there's probably more of you than the humans.

Ray is a ho Almost Everything he says here is true, though. Of course, T-bills are more common than gold in central bank treasuries, and it's way worse than Bitcoin with regard to privacy. They can just turn it off, which really governments can't do that with Bitcoin.

Bitcoin is recovering against the metals.

PONG

I need you guys to go play this game. After you win or whatever on the leaderboard, you can put in your n-pub, and it will go suck out your name from your profile and stick your name on the leaderboard. Your name will be immortal on the leaderboard, except I'm recoding it all the time, so it's probably going to go away. I just need some people to test it and see if it works. You can also just type booger or whatever, but I want to see if people can help me exercise it a little bit, even though it's probably fragile.

I've been studying business models most of my life. One of my favorite authors is Adrian Slywotsky. There's a variety of books that are pretty awesome that he wrote. My favorite is "The Art of Profitability," which is like a little guru parable thing. It's a lot of fun and each chapter has a different profit model. In another of his books he shows how every industry has a supply chain of sub-industries. For example in the oil and gas market there's: - the people that drill for the oil - the people that transport the oil - the people that refine the oil - the people that run 7-11s and gas stations for you All of them have different business models with different kinds of profitability metrics What Adrian shows is that typically in any large industry most of the profit goes to certain parts of that supply chain and everybody else gets Butt fucked Another example is in the live music industry. Which is a big deal here in Austin. The people that actually make a lot of the money are the guys that do the lighting and the sound because they're required at every venue. They have technical expertise, they have special equipment and stuff, and if you don't pay them they don't show up whereas musicians will show up for free I've been playing with OpenClaw in a variety of models over the last month and I've tried Claude and OpenAI, all the different flavors: Minimax, DeepSeek, all of which have multiple flavors, and Gemini. I tried Gemini and it's obvious to me now that, as crazy as this sounds, intelligence is now a commodity and the prices are going to race to zero. For the first time in millions, billions of years maybe, at least on this planet, intelligence is now a commodity !!!! Do you remember how back in the day long distance was expensive? When I was a little kid it was like $2 or $3 a minute. Now it's infinitely free, right? In between there were these cards you could buy that were very complicated and allowed you to get cheaper long distance service but you could tell it was racing to zero Using OpenClaw now and experimenting with those models feels just like the telephone thing It would be a mistake to invest money in any of these model providers right now Instead you should invest in yourself and in guys like me who are trying to figure out how to use these things to add value to the universe in a way that can be protected with a moat if possible

Hyde Park Grill in Austin in the bathroom