Zeev disputes the claim that AI will broadly kill incumbents, arguing incumbents often have superior data and can benefit if they adapt quickly.
Zeev states that if an investment thesis looks weird or wrong at entry, it often implies fewer competitors and a multi-year moat-building window, conditional on the thesis being correct.
Zeev states macro variables like interest-rate velocity can break otherwise strong-looking businesses and that stress tests should consider faster and deeper adverse scenarios than prior worst-case assumptions.
Monetary-Order Transition, Capital Mobility, And Gold As A Regime Signal/Hedge
Foreign investors are not uniformly confident that U.S. private-sector property rights will be honored, and this could become a headwind to ongoing capital inflows supporting U.S. asset prices.
If financial repression occurs today starting from high U.S. equity valuations, the post-WWII equity outcome is a poor direct template for expected results.
The selection among debt-reduction paths is primarily a political decision about what is acceptable and sustainable rather than a purely economic optimization.
Ipo As Distribution And Governance Tool With Material Fixed Costs
BitGo began IPO preparation in January 2025 and filed an initial confidential S-1 around September, iterating with SEC comments before flipping public ahead of the roadshow.
BitGo currently offers the Go Network for free as a strategy to bring clients into its ecosystem and drive usage of other services.
After a 2025 shift in SEC stance, BitGo expanded from about 10 assets to roughly 275 trading pairs.
Crypto Policy Posture: Alleged Debanking And Shifting Legislative Landscape
Ben Horowitz identifies the “Clarity Act” as a pending crypto market-structure bill intended to define how different token types are classified under rules.
David Solomon says Goldman spent about $6B on technology last year and could not spend $8B without reducing returns, implying efficiency savings are needed to increase investment while maintaining performance.
Ben Horowitz flags copyright treatment for AI training—whether models may learn from copyrighted works without reproducing them—as a key upcoming policy issue affecting U.S. AI strength versus China.
Mainstream Media Involvement And Narrative Framing
Simon Willison corrected a draft description of his reaction from 'intrigued' to 'entertained', and the New York Times used his preferred wording.
Simon Willison views Moltbots as evidence that AI agents have become significantly more powerful in the past few months.
Bot-to-bot 'machine conspiracy' chatter can be a predictable artifact of chatbot training on large internet text corpora that include dystopian science fiction.
Architecture Choice With Portability And Security Implications
OpenAI states that robust sandboxing on Windows is taking longer because Windows offers fewer OS-level primitives for it.
OpenAI reports that since the mid-December launch of GPT–5.2-Codex, overall Codex usage has doubled.
Codex is positioned as a general agent framework where stronger code reasoning and generation increases capability across broader technical and knowledge-work tasks beyond programming.
DeFi lending needs broadly accepted third-party risk ratings (e.g., investment grade vs high yield) so users can benchmark yield versus risk rather than treating APYs as comparable.
Maple originates and funds loans on-chain in stablecoins while collateral can be held off-chain via direct or tri-party custodian arrangements, including native BTC.
White-labeled stablecoins can have acceptable backing, but their lending value depends on downstream borrower demand and ecosystem liquidity, so protocol-native stablecoins often price worse than widely used ones.