Excited to share that @pave_bank has raised a round led by @Accel with @wintermute_t @Tether_to @468Capital and others. We're building the best Bank for the Digital Assets and AI era.

We're excited to participate in @pave_bank's Series A A licensed, full-reserve bank building programmable infrastructure for the on-chain era Institutions can hold, transact, and program across fiat and digital assets in one platform Congrats @sodhanani @simonvc Why we

Charles Darwin and Linus Pauling, on how to avoid fooling ourselves:

That way, the economic incentives for the employee or startup are aligned with the state. And the employee or founder doesn't risk paying real money tax on unrealised risky potential future gains. /fin

The way to fix this is create a Soverign wealth fund and let people pay their exit, or wealth tax or any other tax on illiquid unrealised gains by pledging a portion of their shares to the fund.

10 years later, there's still no liquidity, but on paper your shares are worth millions. But you want to leave the UK to start a family. But you can't because you can't afford the exit tax. So what do you do? you don't take the risk, you don't join the startup or start something

Imagine you joined monzo or revolut back in 2015. You took a huge pay cut and huge risk to try help build something great. But you're not from the UK, and you only intended to stay there for 5 or 6 years.

Let me explain why this is terrible for startups and founders. And how you could potentially fix it. 🧵

There needs to be a way for people with a enough knowledge (or income, IQ, education, etc) to opt out of all the rules that exist to protect vulnerable people. Wouldn't it be nice if I could say "I understand the risks: I don't need the [eg] Renters' Rights I am entitled to!"?

We're building the worlds first fully programmable bank. Backed by Accel, Tether, Wintermute and others. Give @pave_bank a follow.

Easy to administer. Just have a secure holo sticker for your extra votes that you attach to your vote card. You could pick them up at the voting station after the poll workers check your records online.

Alternatively, everyone gets 1 vote. You get another vote if you paid more than 10k tax, and a 3rd if you paid more than 100k. You get 1 extra vote for every 2 kids you have and another extra vote if you served in the military or frontline public service (fire, police, paramed)

The financial system is entering a new era, one where money is programmable, assets move instantly, and the line between traditional and digital finance disappears. That’s the future @sodhanani, @simonvc, and Dmitry are building for with @pave_bank, the world’s first fully

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The free market capitalist in me says humanity should accept this is solved; like tilling fields or making pottery and move onto the next thing.. but the humanist in me says we should reserve breaking bread, educating our children and making music as human only endevours.

Suno V5 has completed music in the same way nano-banana completed image gen. Do humans need to do this anymore? has unlimted "good-enough" content available for pennies devalued sublime art to the point no-one will bother spending a decade to cross the chasm from ok to great?

🚩 Reporting safe from: Leverage

Banger thread.

AI models should be named with compound nouns like wintermute neuromancer nanobanana not gpt-6-oss-preview-2506-thinking or some nonsense.

Mandatory sentences cause miscarriages of justice, but exponentially increasing sentances seem fair. 1st conviction = 1 year 2nd conviction = whatever + 1st sentence again 3rd conviction = whatever + 1st and 2nd sentence again etc