ETH maxi turned profit maxi. Make DeFi DeFi again, it's our best shot at leveling the playing field
Not Financial Advice
Joined January 2023
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Surprised to see my PF is up +6% in the last 3 months as I'm net long
~50% in stables and the rest is split between BTC, alts, stocks and gold
Merchant of DeFi retweeted
Wow @papertrade_xyz is one of the most egalitarian things I’ve ever seen, and if it works, it could reshape the fabric of society.
Back in May, I bought some $PRL mining packages. Short duration seemed less risky. It was good value at the time.
But it wasn't enough. I did some math and got interested in mining. I found out about vast.ai and tried renting some H100-H200s there. But the cost of mining PRL was too high.
Then I saw that Alpha Pool had tweaked their miner to allow using consumer GPUs. I tried it with my 5070. The cost was low, but the volume was small. I rented a dozen, then wrote a script to snipe cheap GPU rentals from vast. Soon I had a fleet of hundreds of GPUs mining thousands of PRL every day for a cost of 20c ea.
During this venture, I've been going deep down the rabbit hole on the tech. Discord was full of gigabrains discussing the architecture and model quantization. I understood that the protocol wasn't mature yet, but the team was working on supporting FP quantization models, which would open it up to much wider adoption.
More miners with consumer GPUs found out about the profitability of PRL. Difficulty and demand for GPUs increased, and so did the cost. And the PRL price plummeted. It wasn't worth mining anymore, so I wound down my operation, and it was cheaper to just buy some. So I did. I never sold any.
This is the only viable contender for POuW, and we've been searching for one for decades.
Merchant of DeFi retweeted
It’s always impossible… until it is done.
@prlnet
Merchant of DeFi retweeted
How Oakery works, in one thread.
Every token launched on Oakery has a stash. A tax on every trade fills it. When trading goes quiet, the stash pays the holders. Nobody can change a live token, pause it, or take its liquidity.
launchpad.stashacorns.io
I can see more stock company CEOs mention a meme coin associated with it this cycle
I can see even announcing buying some of it - shareholders would love it
I'm hearing the CEO of @EliLillyandCo is drafting a tweet as we speak
Merchant of DeFi retweeted
This guy is building utorrent for compute but no one understand yet
1/ We ran Kimi K3 (@Kimi_Moonshot), a 2.78 trillion parameter model, on 16 distinct RTX 5090s and 6 distinct RTX Pro 6000s spread across Europe over the open internet.
Two rings, tested back to back:
• 16 RTX 5090s: about 2.2 tok/s
• 6 RTX Pro 6000s: about 7.3 tok/s
Merchant of DeFi retweeted
I have a similar system but with a fail safe which reports a fire to bring the firetruck to my last known location
Merchant of DeFi retweeted
my goal for @c0mputeAI is to become the main distributor and protocol of decentralized AI
i.e. when a new frontier model drops we’ll have the engine and protocol to run it sharded over the open internet at usable speeds ready in days and instantly we’ll have a large and cheap supply not controlled by institutional entities
this is the only future of AI that’s sustainable and cost-effective
with frontier models becoming more capable, it needs a network, an engine that can run that model in a decentralized, democratized way
that is shard from @c0mputeAI
