Until we house all of finance. (800, 800) CoFounder @hyperbeat

Joined May 2023
$HYPE has never had 5 consecutive weekly red candles $HYPE is once again undervalued
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1/ A common critique of $PEARL: some of the GPUs mining it aren’t doing useful AI work. That's a classic misconception. I think that misses what makes the design by @WeinsteinOmri and the @prlnet team so clever.
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Pearl is an AI lab if you haven’t realised it yet $PEARL
Pearl Research Labs @prlnet made the front page of @TheMarker, the reputed Israeli business daily, on Oct 25. In an exclusive, Ofir Dor @doritsos reports that the Tel Aviv lab raised $130M without announcing it. Pearl hasn’t announced a funding round on its own channels. The piece covers Pearl’s pitch: cut the cost of AI by paying for inference compute in pearl-2:native. Its caveat is that the economics haven’t yet been proven at scale.
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Noticing $PEARL @a16z
今日回顾 a16z @a16z 与pearl @prlnet 之间的潜在联系 👀 1. a16z攥写有关pearl的相关论文:<Proofs of useful work from arbitrary matrix multiplication> 论文简要阐述了pearl的独特机制(PoUW),原文相关链接:web.archive.org/web/20260310… 2. a16z曾经发布pearl相关视频,后续删除 3. Omri 作者为a16z团队对成员:a16zfrontier.com/team/omri-w… 大家觉得a16z是否持有大量 $PEARL 呢
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800.HL retweeted
Hyperliquid's AQAv2 payout #2 lands ~Nov 3: ~$15.93M of USDC reserve yield to the Assistance Fund, up from $14.58M in October. At ~$91, payout #1 bought ~160K HYPE. At today's ~$75.6, #2 buys ~211K HYPE. 💸 +9% more dollars → +32% more HYPE, on top of fee buybacks
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Pearl is one of the fastest growing PoW networks of all time and the team isn't on here shilling their coin. It's only spot listed on one exchange run by a guy in Panama. No premine, no big parties at Token, no gift bags, tshirts, or sunglasses given out. Very early and very quiet.
Pearl energy usage vs Bitcoin and Zcash both over the last year and since issuance. Trend is strong, but it's too early to draw conclusions about Pearl's long term security from this wattage. Over time I expect GPU owners to become addicted to Pearl mining rewards, eventually seeing a GPU as the same type of capital investment as an ASIC is today for a Bitcoin or Zcash miner. If that happens it would be foolish to use GPUs to attack Pearl, since ruining the network would also ruin some of their CapEx value. IMO if Pearl can build a moat on duplex GPU mining and capture a significant share of data center electricity it will be the most secure PoW network (defined as cost to attack). Rough math on attack cost is electricity, forgone mining revenue, and a 20-30% depreciation on any GPUs used for the attack. Thresholds to watch are the Pearl fp8 transition and continued growth of wattage.
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800.HL retweeted
With BTC, hashrate follows price, as each miner has a unique profitability threshold at which they turn on. With Pearl, hashrate can grow independent of price, because each inference provider has an underlying revenue function aside from mining. And the market likes hashrate.
I think this is an incredibly valid critique, but it misses what makes Pearl so interesting. Pearl would not be a good asymmetric opportunity if it was built on SHA512 or some other useless algorithm. We all know we don't need another Bitcoin What makes Pearl asymmetric is the differences between it and Bitcoin. Bitcoin Maxis decided long ago that picking a useful algorithm opened up attack vectors on Bitcoin, but I don't really know if we ever actually tested that assumption as seriously as Peal is now Yes, there were projects that were doing merge mining back in the day, but merge mining is very different, I believe, compared to the duplex mining or two-for-one work that Pearl does. From what I can tell, we're running a new and interesting experiment I think it's actually totally reasonable if your base case is that Pearl goes to zero. But on the off chance that it doesn't, the opportunity is so massive that you kind of need to imagine, instead of "How might this thing fail?", "How might this thing succeed?" For the specific critique that Sami is making here, I think the game theory is if you could just 51% attack it and print money, everybody would race to do it. Enough compute would come online that you saturate the available GPUs, which is Pearl's win condition anyway. I think they want people racing to 51% attack them. That's what gets it so embedded into the ecosystem and maybe part of why hash is going so exponential
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bought more $PEARL
$PEARL hash rate hit 82.78 EH/s 2 days ago A lot more coming online
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800.HL retweeted
The AQAV2 prints 526k per day currently Hyperliquid
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$HYPE is undervalued
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800.HL retweeted
Trade crypto, stocks and more 24/7 with Liquid Banking. Take profit, sweep it to your card balance in under 30 seconds, spend it straight away and get $HYPE back on your purchases. Markets move fast. Your money should too.
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there are some trades that are more risky *not* to take The world of investable coins has compressed to a handful of names. This makes my job very easy. We’re fresh off a duopolic minicycle of HYPE/ZEC. If you can stomach that ZEC interest was parasitic demand signaling for a new PoW token with ZEC as its host, where we’re headed is clear. How many people ‘early to hype’ do you know that waited for the right custodian support, the right listing, or the right arbitrary price target that left empty handed. The current $PEARL price is a reflection of the market’s read on the probability that things go right. I’m an optimist. Finance is the field of optimists. For most of recorded history, people didn’t believe tomorrow would be better than today. Think to yourself: what if things go right?
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$PEARL is an AI Lab if you haven’t realized it yet
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44% of public miners' MW is contracted to AI/HPC in 2026-28, as they pivot toward more profitable operations leveraging sites for AI. With mining costs already near $75k and the 2028 halving approaching, this will only worsen. Pearl's FP8 removes this risk. Instead of forcing miners to choose between mining BTC or providing inference (useful work they get paid for), they can do both: mining PRL requires the same matrix calculations as AI inference. As public companies that maximize the value of their hardware, it's clear to me that these players will mine Pearl in addition to their inference work. There are three bull cases for this: 1. Store-of-value assets lack clear valuation frameworks, and hashrate is the "hardest" quantifiable metric available. While not an ideal comparison, Pearl, with significant hashrate from miners that opt in, would be extremely undervalued on this basis. 2. Alternative SOVs have emerged as alternatives to BTC, attempting to solve some of the issues its ossification presents. These assets have, however, been constrained on the network security and hashrate side. Pearl, by making hashrate acquisition trivial, removes this constraint, allowing innovation in newer SOVs without the security bottleneck. Like ZEC, for example, Pearl is also targeting quantum resistance. 3. Alignment. Assets like BTC gain value because others believe in them and give them value (e.g., why does ZEC have more value than XMR?). Just as naturally as existing BTC miners will provide security for Pearl, it follows from the same first-principles thinking that they maximize their expected value, and so they become strong and powerful advocates of the coin. This makes a compelling bull case: Pearl, like ZEC, is a modern SOV that is able to react to a changing technological landscape, targeting things like quantum and potentially privacy. However, it also has no network security concerns, a very clear path for hashrate and network security expansion, and will likely have huge BTC miners and potentially AI data centers as advocates. It is also 1/30th the market cap of ZEC. At the end of the day it is ultimately just a memecoin (like BTC). But a memecoin with an incredibly compelling narrative, and likely a narrative very influental entities will rally behind.
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Pearl is the fastest growing PoW network of all time
$PEARL mining power at the same time as $ZEC and $BTC at day 176 The mining power ramp on Pearl is growing faster than any other network we’ve seen before
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$PEARL hash rate hit 82.78 EH/s 2 days ago A lot more coming online
$PEARL mining power at the same time as $ZEC and $BTC at day 176 The mining power ramp on Pearl is growing faster than any other network we’ve seen before
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$PEARL mining power at the same time as $ZEC and $BTC at day 176 The mining power ramp on Pearl is growing faster than any other network we’ve seen before
The new way to get more from every GPU $PEARL
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The new way to get more from every GPU $PEARL
Second CEX listing for $PEARL on @krakenpro
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“If you really want just a simple way to bet on AI and not have to think about all this other stuff, just bet on energy.” There is simply not enough electricity in the world - Ancient $PEARL whale
Fred Wilson on the simplest way to bet on AI: “If you really want just a simple way to bet on AI and not have to think about all this other stuff, just bet on energy.”
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The amount of cope in the comment section says a lot about how little people actually own $PEARL Higher
Sold all my zcash and moved it into pearl a while ago Pearl excites me the way zec used to when it was below 100$ We haven’t seen an AI juggernaut in crypto, and I think this is it
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