Engineering @ startups since 2006 | 1st dev @Stellar_Health_ | ex CTO https://teapawt.net/t.co/I6G4PRkEWV ⛵️| Past life: signal processing, compilers.
Bucharest ⇆ New York
Joined October 2015
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Happy to see @paradigm name this as the billion-dollar algorithm and cite the 2018 paper. paradigm.xyz/2021/05/liquidi…
1/ Published the paper on Scalable Reward Distribution on #Ethereum - my recent (intermittent) side project. It's a simple yet clever way of accounting rewards or dividends to be distributed proportionally to token holders. batog.info/papers/scalable-r…
Bogdan Batog retweeted
Americans bash EU recently, but what are the facts?
🔪 Murder rates: US 6× higher
🎓 Student debt: US 12× higher
🏖️ Paid vacation: EU 20 days, US 0 days
🤰 Maternal mortality: US 3× higher
🍔 Obesity: US 2× higher (40% vs 19%)
⛓️ Prison population: US 5× higher
💰 Government debt: US 121%, EU 82%
💊 Drug overdoses: US 15× higher
👶 Paid parental leave: EU 14+ weeks, US 0 weeks
🏥 Medical bankruptcy: 530k US families/year, EU ~0
🚄 High-speed rail: US 80 km, EU 9600 km
⚡ Renewable electricity: EU 47%, US 22%
🌍 CO₂ per capita: US 2.5× higher
🚗 Road deaths: US 2.8× higher
🏗️ Workplace deaths: US 2× higher
Bogdan Batog retweeted
AI demonstrates the sunk-cost fallacy perfectly: Just one more "this doesn't work!" prompt, you think, and it'll fix it!! But often it won't, and now you've wasted 30 minutes begging that you could have spent learning how to actually fucking do it yourself.
Bogdan Batog retweeted
As someone who spent a few years in payments:
1. Stripe takes this much for small businesses. For large companies it’s less! It’s why eg Amazon uses Stripe vs building their own credit card processing!
2. Building *just* credit card processing is very expensive (cont’d)
How do we ensure we ll have a personal AI assistant that does things online for us, and that is really considering our own interest (versus the interest of AI assistant provider)?
Advertising will become invisible to people.
Companies will start creating ads for your AI agent to consume, not you.
We'll all have AI assistants that'll make decisions and purchase the items we need.
We won't have to sit through a 30-second ad video anymore. Instead, companies will advertise in a language/manner that AI assistants understand. They will be the ones making purchase decisions.
Bogdan Batog retweeted
If you studied algorithms, I'm sure you've heard of Dijkstra’s algorithm to find the shortest paths between nodes in a weighted graph. Super useful in scenarios such as road networks, where it can determine the shortest route from a starting point to various destinations. It's been the most optimal algorithm since 1956!
Until now.
The O(E + V log V) complexity just went down to O(E log^(2/3) V) for sparse graphs.
It would be amazing if this kind of breakthrough came through AI that can code but I guess we're not there yet..
Excellent essay on the future of education in the age of AI and social media.
Read about AI and education:
medium.com/intuitionmachine/…
Plus Norway (1.02%) and Sweden (0.99%) spending 4x % of their GDP compared to US.
The US spends a small amount of its GDP on foreign aid compared to other major economies. Dismantling USAID won’t help Americans — it’s just cruel & reckless political theatrics.
My @Morning_Joe Chart
Bogdan Batog retweeted
Shutting down USAID is not about efficiency—it’s about undermining America’s global leadership. USAID counters extremism, fights diseases, and creates more markets for U.S. exports. This is reckless and dangerous.
Bogdan Batog retweeted
VC STARTUPS
- odds of IPO for VC startup: 1%
- avg time spent on VC startup: 8.5 years
- market cap avg @ IPO: $5B
- avg % ownership @ IPO: 15%* $5B = $750M
- avg 2.5 cofounders = $300M
- payout = odds * $$$ = 1% * $300M = $3M
- payout per year = $3M/8.5 years
= $352,000/year
Must solve, but takes longer:
- privacy
Vision:
- onchain corporations, all businesses will be on chain, all payments too from micro to treasury
- may take 5-10y to move 10% of all money and payments onchain
Points from Circle CEO’s talk: #ethcc
He s optimistic that in 12-18 months we ll solve:
- scaling
- UX
- legal clarity (already USDC is recognised legally)
Arrived at @EthCCweek in Bruxelles and started the day with a run through the city center.
Heading soon to Open Source AI Summit.
