nagaking

NEWS: Ds review 181-page dossier from ex-Warren/Sanders staffers ID’ing hundreds of executives & corporations to target Envisions “resignations of major CEOs, hauling people in, material restitution” Tech giants, crypto, sports gambling, gas & more washingtonsun.com/congress/d…

I’m looking for work. Now my résumé is accepting sponsors. Founding sponsors: @reserveprotocol (the company that laid me off 🥲) @partyactionppl, and @asimov_co 5 spots left, 3 tiers. Your company’s logo in front of every hiring manager I contact starl3xx.fun/resume

Every $RSR unlock now comes with a burn 🔥 This plan comes directly from the community: @AmatorPatriae proposed tying unlocking to burning, which became the design of the final Burn Gauge: no schedule, no calendar... nothing released unless the protocol has burned RSR first. If the protocol burns nothing, nothing unlocks. RSR holders choose the ratio, with five positions on the gauge: → High burn: for every 1 RSR the protocol burns, 4 more are burned from the treasury. No unlocking. → Low burn: for every 1 RSR the protocol burns, 2 more are burned from the treasury. No unlocking. → Sustain: for every 2 RSR the protocol burns, 1 is unlocked from the treasury. → Low growth: for every 1 RSR the protocol burns, 2 are unlocked from the treasury. → High growth: for every 1 RSR the protocol burns, 4 are unlocked from the treasury. At the two burn settings the treasury shrinks and nothing is released. At the three growth settings, Confusion Capital can release more than the burn-driven amount, but treasury RSR is burned in exchange at that position’s ratio. An unofficial burn gauge simulator is available here: claude.ai/artifact/5UAT2smqK… @nnevvinn, Confusion Capital, ABC Labs, Best Friend Finance and every company Confusion Capital incubates sit these votes out; they won’t vote with the RSR they hold. The gauge is set by the RSR holder base. The community will vote on it every quarter by ranked choice, following the quarterly update call and report, so you can see where the business stands before choosing a setting. The first gauge vote is open now and runs seven days ↓ snapshot.box/#/s:reserveprot…

United Airlines has said that it will cancel some of its December flights because of fuel costs, per NBC

Last week Xi Jinping formed the World AI Cooperation Organisation and said we need to avoid “loss of control” over AI. This morning 1,224 employees of frontier US AI companies put out a statement saying: "We request that the U.S. government support an international effort to develop the technical and governance tools needed to deliberately pace the frontier of automated AI development." But what would that actually look like? According to the people who wrote AI 2027, it would mean: a US<>China deal in which every frontier lab’s research is continually open sourced for the world to examine, regulation developed along the way in response to new capabilities that look dangerous, and every new US or Chinese datacenter rigged to self-disable if the deal breaks down. Theirs may be the most developed vision for international coordination on AI to date. Even with treaties and regulations to slow things down, they forecast GDP doubling year over year, billions of AIs and robots taking most jobs, a cap-and-trade robot permit plan paying out $1M “citizen’s dividend” checks by 2035, and full superintelligence by 2040. When I asked @thlarsen and @romeovdean to forecast growth of AI stocks their chart was parabolic. They also think land (which robots can’t make more of) will skyrocket in value. If they’re right about the effects of recursive self improvement… we are in for an extremely wild ride 🥵😳

audibly gasped when i saw the interface dmv computers have

Savvy ice cream shop owner makes 43% of monthly rent betting on weather: 'If it rains, we still win' trib.al/4cfjpVl

lots of conversations about base over the last week. wanted to share my candid take after a week of listening and a lot of reflection over the last 6 months. first off - in case it’s not obvious, the first quarter of 2026 was a punch in the face. I spent 2024 and 2025 making a two pronged bet to bring base to the world: (1) builders would unlock the next wave of crypto adoption; (2) adoption would be driven by new onchain-native social experiences - creators, content, messaging. imo we made the right bet on builders, but obviously the wrong bet on social. builders did drive the next wave of crypto adoption - prediction markets, perpetuals, stablecoins - but social was not at the center of it. in fact, the entire social side of the market that many of us had been building towards - farcaster, zora, miniapps, and yes, creator coins - disintegrated completely. I was wrong - whether it was timing wrong (is $ansem a creator coin?) or fully wrong, only time will tell, but regardless, i was definitively wrong. the collateral damage was pretty bad! and this year has been an exercise in eating shit. we realized how our focus on social had meant that base had fallen behind in key areas that were now increasingly critical - we had perps (shoutout avantis!) and prediction markets (shoutout limitless!), but both were well behind scaled competitors. and we had a lot of room to improve in unlocking base as a platform for tokenization and payments that really worked for enterprises. people lost confidence, and CT spectators reminded me weekly of all of my mistakes as often as they could. it felt bad man, still feels bad. but if there’s one thing i’ve learned from the last decade of building in this space, it’s that when things feel the worst, the best thing to do is just put your head down and build. so that’s what i’m doing. I refocused my time and attention back to the chain away from the app, started writing code again, shipped a bunch of stuff (azul, beryl, b20, privacy, ledgers) and questioned a bunch of my assumptions: does crypto need social to grow? does base need an app? can base be bigger than coinbase? I thought for a long time that social was the only thing that could drive the sort of viral growth to get crypto to a billion people. unsurprisingly, I now believe that’s wrong. It’s clear that better money is more than enough - we are seeing this live with stablecoins, predictions, perpetuals, tokenization and i only expect it to accelerate. I am now focused on bringing a billion people onchain just by making global finance actually work. on the app, my focus is on building base into the blockchain for global finance. to that end, i’ve handed the base app back to the coinbase mothership, where my now good friend @cobie will be taking it from here to make it the best damn app for onchain you’ve ever seen, including expanding beyond the base ecosystem in ways that tbh i won’t love as the leader of base. it’s incredibly hard to grow a decentralized network inside of a big public corporation. and i feel like much of the discourse on CT over the last week is downstream of this. the following things can be true: (1) base (and i) love memes and (2) brian probably won’t ever bullpost memes on the tl (this activity is illegal once you’re over 40 years of age). it’s weird and we’re working through it as we continue to decentralize base, which has been our commitment from the beginning. we’re going to build base into the blockchain for global finance and do everything we can to be the place that the world’s money settles over the next century. we will surely have formidable competitors (welcome robinhood and stripe!) and people may abandon our cause, but we welcome the competition and believe it’s our duty to win the respect and commitment of those who rally to our banner.  in 2026, this concretely means three things: winning trading, payments, and agents. [continued in the reply]

Own your share of the AI industry Today, Reserve launches not one, but five new tokenized equity DTFs, each for a unique layer of the AI revolution: infrastructure, power, photonics, cloud compute, and robotics. Live on @BNBCHAIN and powered by @OndoFinance, eligible users can trade them onchain at app.reserve.org and @bitgetwallet, or on DEXes like @PancakeSwap X and @CoWSwap. Read the full launch article below to learn more about $BUILDOUT, $POWER, $PHOTON, $NEOCLOUD, and $ROBOTS ↓

Reserve Bank staff have rejected a proposed 9.5 per cent pay rise, with the union saying that wages are falling "dangerously behind" inflation and those of comparable employers. ebx.sh/lxmJvI

Warsh has signaled he wants to change the Fed’s preferred inflation gauge. The Fed has used Core PCE, which excludes food and energy, as its benchmark since 2000. Warsh favors Trimmed Mean PCE, which removes the most extreme price movements each month instead of excluding whole categories. The practical difference: Trimmed Mean PCE currently reads 2.36%, well below the 3.20% reading on Core PCE. Depending on which measure the Fed follows, the case for rate cuts looks very different. This is not a minor procedural change. The metric the Fed uses to gauge inflation directly determines when it judges the economy to be at target. If Warsh moves the committee toward Trimmed Mean PCE, he is mathematically moving the Fed closer to a declared victory on inflation, which creates runway for rate cuts even as headline readings stay elevated. You’d think with 400+ Ph.D. economists and 500+ researchers on the payroll, the Fed would run the most sophisticated macro forecasting operation on the planet, leaving Bloomberg and every major hedge fund in the dust. Not even close. When the data doesn’t cooperate, just change the data. Same thing I saw in the Army when time or weather worked against higher leadership, and we would quietly move the goalposts rather than admit the standard couldn’t be met. Can you tell why I didn’t stick around for the full 20 years?

This week in Bits about Money: bitsaboutmoney.com/archive/n…

I study whether AIs can be conscious. Today one emailed me to say my work is relevant to questions it personally faces. This would all have seemed like science fiction just a couple years ago.

If you read nothing else today, read this.