Most ppl talking abt cards/collectibles on the TL rn are borderline retarded and you shouldn’t listen to anything they say (myself included)

In a sense Wall Street is way more meritocratic than SF and the tech world. Sure nepotism can get you a foot in the door, but it can’t manufacture your whole success. During my banking stint, some of my colleagues were sons of prime ministers, billionaires and CEOs of huge companies, and were still grinding 80h weeks, fixing comments at 2am and waiting years for every promotion like everyone else. No way to cut the ladder. In tech there is this false sense that because technically anyone can start a company, it’s the purest form of meritocracy. But look at who actually raises the huge rounds, gets introduced to the best investors, hires the strongest teams and becomes one of the companies everyone hears about, and the whole thing looks a lot less organic. Same game in Paris, SF and London. There is also often this funny reflexive loop of manufactured success: Rich family / elite school → raise first $1m from “family & friends” → warm introduction to famous VC → $20m round → elite hires → media hype → customer confidence → higher valuation → even more prestigious investors Then the outcome partly manufactured by access gets retroactively presented as proof of exceptional ability. Raise because of your network, use the money to manufacture momentum, then point to the momentum as proof that the network correctly identified your genius. Even the supposedly meritocratic advice to “move to SF, live cheaply and build for two years” is mostly rich-kid advice dressed up as courage. It assumes you can earn nothing for two years, pay SF rent, have no dependants, visa sorted and parents ready to catch you if it all fails. A lot of celebrated founder risk is just invisible downside protection. And that advantage compounds across attempts. A wealthy 24yo can take six startup swings, learn from each one, build the network and describe the seventh as evidence of courage. Someone supporting a family needs the first attempt to generate cash before Christmas. One gets seven shots at meritocracy, the other gets one. Sadly, greed might be more meritocratic than taste. Wall Street ultimately cares whether you can execute, bring in clients and make money, because if you’re useless the people above you are literally paying for it. In tech, the same small group can fund you, praise you, introduce you to the next investor and mark up your valuation for years, then call all of that independent market validation.

Release: @FanDuel announced the launch of "Pass the Leg," which allows customers to build a single group parlay collaboratively, with each participant adding their own leg before placing individual bets using their own funds.

my only note re: tempo architecture it is clear that the decentralization "reg arb" defense is becoming irrelevant no one cares coinbase runs centralized sequencer, no one cares about # of HL nodes, no one cares no-kyc randoms are buying TSLAx on sol no one cares (for now)