dudley

unapologetically inspired by this tweet which i haven't stopped thinking about for months

The curse of discipline is that every day looks the same. The curse of indiscipline is that every year does.

Marc Andreessen (@pmarca) describes how @MichaelOvitz and CAA took over Hollywood: "One of the practices was at every agency, they would have their staff meeting at 9AM. The staff meeting would go from 9AM to 10AM. Then at 10AM, they would start calling their clients. So of course Michael's like, alright. We'll have our staff meeting at 7AM. We'll be done at 8. Between 8 and 9, we'll call the clients. And by the way, we won't just call our clients. We'll call their clients. Imagine you're Paul Newman. Your agent calls you at 11 — I've got this great role. And you say, the guy at CAA called me about that three hours ago. Your agent is like, they don't represent you. Paul is like, yeah, isn't it great? Isn't that fantastic? You rinse and repeat that a thousand times. The people running competitive agencies were managers. Not founders. Not the same thing. The thing a manager never does unless they're under duress is reconsider fundamental assumptions. They hate that. The whole point of running something big is you don't have to do that. You get to run the big thing at scale. This is what our founders do every day. Industry after industry after industry."

Crypto, Welcome Home.

Now that Buffett is stepping down and the Buffett premium will disappear, everyone will see proof that Berkshire Hathaway is the meme coin for boomers. The "value investors" hate it, but it doesn't change the fact it is true.

Elon Musk is right. The Pentagon, with a budget of $886 billion, just failed its 7th audit in a row. It’s lost track of billions. Last year, only 13 senators voted against the Military Industrial Complex and a defense budget full of waste and fraud. That must change.

We have the Solana backlog triaged, and transactions should generate quickly again. If your transaction got canceled you can retry it now - apologies for the trouble. It’s clear we need to step up our game on Solana, scale our infrastructure, and provide native support for common use cases like DEX/memecoin trading. Our goal is to provide tier 1 support for Solana, with the same level of support as Bitcoin, Ethereum, and Base (which also saw delays recently due to large surges of activity btw). The surge in activity is great for the ecosystem (and these are high quality problems to have), but we need to do a better job serving our customers during periods of high demand.

My sense is that Zuck/Meta will come back to crypto and this time in the stablec oin game. Here's a thought exercise outlining how Meta could flip e-commerce upside down with their own stable coin.

Prediction: This is a secular trend. The pendulum will never swing back.