Rosa Del Mar

Issue 6 2026-01-06

Rosa Del Mar

Daily Brief

Issue 6 2026-01-06

Capital And Unit Economics Of Free Evaluation

  • LMArena raised $100M and characterizes the capital primarily as optionality for multiple bets rather than funds that must be fully spent.
  • LMArena claims its released-model leaderboard scores are computed by converting millions of real-user votes into a transparent performance number, and that this is statistically sound.
  • LMArena is considering an API, but the team views focus as the main counterargument given startup constraints.

Base-Layer Scaling And Practical Capacity Limits

  • The Host asserts that Bitcoin has a maximum practical capacity that limits how many people can use it simultaneously.
  • John Carvalho asserts that adding soft forks and new features to Bitcoin increasingly does not make sense.