forever permanent underclass | I read the hard stuff so you don't have to
Indonesia
Joined October 2016
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if your goal is to beat Hyperliquid, go back to the drawing board
your TAM needs to be bigger
if you think about it, everything is a market
crypto market
commodities market
forex market
let's push it further
job market
prediction market
insurance market
carbon credit market
influencer market
advertising market
whatever you think your TAM is, it's 100x bigger
rizzy retweeted
TLDR: @bulktrade is a purpose-built trading L1, not a Solana perps DEX
It's been a long time coming... But it's finally time
Part of evolving as a business is recognising where your focus should be while remembering who your users are.
The reality is that we spent an incredible amount of time purpose-building a network that is specifically designed to cater to HFT and everything that it encompasses.
Execution needed to be faster and limitations to throughput hindered our ability to run real time risk checks as we think about scaling to 100,000 to 1,000,000 users and beyond.
For those who have been following along, its no secret that there has been friction between how we execute and what the preference is from Solana leadership.
I understand and respect their stance, however to continue to frame BULK a solana dex would be reductive to the actual offering, so we’re officially putting this on the record.
The stronger case is that multichain access expands BULK’s distribution and usable capital while bringing more activity into the same market.
Distribution follows where users hold their money.
As more people enter crypto through neobanks, wallets and payment applications, their first chain may simply be whichever network their provider uses. Their choice of trading venue will depend on execution quality, liquidity and convenience.
Requiring those users to move to a particular chain before they can trade creates an acquisition barrier: another transaction, another fee, another interface and another opportunity to abandon onboarding. It also asks wallets and neobanks to move customers away from their existing infrastructure to integrate BULK.
Multichain access lets BULK meet that distribution where it already exists. A wallet or neobank could offer its customers BULK markets through the rails they already use.
The lesson from multicurrency products like Wise is that a single financial relationship can span across several underlying currencies and payment systems. We expect users to increasingly demand the same convenience across chains.
A unified clearing layer can make capital more productive and markets more liquid.
The strongest clearinghouse analogy is capital efficiency. Traditional clearing infrastructure brings eligible collateral and positions into a common risk framework, allowing qualifying exposures to offset and reducing the capital required to support them.
This today belongs to CME Group.
For BULK, the opportunity is to connect capital held across supported chains to a common margin system and shared order book. A trader’s access to liquidity should not depend on which chain funded their account. A market maker should be able to serve that combined demand through the same BULK markets.
This creates an economic advantage: more sources of capital and order flow can support deeper books; deeper books can improve execution; better execution can attract more traders and integrations.
That advantage depends on keeping liquidity concentrated. Multichain access should bring users into the same markets, with eligible collateral recognized under a consistent risk framework. It should also let users withdraw available capital through supported destination chains, making BULK useful within their wider financial activity.
BULK’s specialised execution layer gives it a natural role connecting these rails.
BULK is a purpose-built trading L1 rolled into an order book, matching engine and risk engine. Its value comes from how efficiently it executes trades and manages risk. That specialization gives it a reason to serve capital from multiple ecosystems.
Today, collateral lives on Solana, and BULK’s ledger tracks the corresponding balances, positions and margin. Extending that model to supported networks such as Arc, Tempo, Arbitrum and HyperEVM would allow more funding and withdrawal routes to connect to the same execution system.
The architectural principle is to handle each chain’s confirmation and settlement requirements at the funding boundary. Once collateral is securely recognised, trading should run through BULK’s own execution and risk process. This allows BULK to preserve its performance while broadening access.
The intended experience is straightforward: fund from a supported chain, trade against BULK’s shared liquidity, and withdraw available balances to a supported destination. A user could enter from Solana and exit on HyperEVM, with BULK coordinating the accounting, settlement and destination liquidity required.
For wallets and neobanks, that would make BULK an exchange and clearing integration they can use across their supported networks. Each additional rail would expand access to the same venue, and strengthen the market already serving everyone else.
Serious 5 cents from me:
I've always envisioned that there will come a time when no one will care what chain it is, as long as it works. Various neobanks, and even the tech platforms, didn't win because their users loved the infrastructure behind them. They won by building the best UI/UX they could give to their users.
In 2026, with so many chains out there (most of which are trying to tap into average consumers and businesses like Robinhood, Arc, etc.), the winner in onchain finance isn't going to be the one who can beat them, but the one who can capture their liquidity and user base and integrate them in.
I've been parroting this mindset since 2023 (see screenshot below), because I was very confused about why so many founders out there care so much about the infrastructure, when the users they say they want to capture pretty much do not care about it. They just want a place where they can do what they want, with better performance compared to traditional means.
And this take shouldn't be controversial. As a perp DEX, the goal is to capture as much liquidity as possible and offer every type of market, from crypto to commodities to even options. BULK is well positioned to be the CME Group for onchain finance, with its portfolio margining system giving the best capital efficiency you can get onchain. And just like CME Group, which integrates with some of the biggest brokers in the world across retail and institutional (such as Charles Schwab, Interactive Brokers, Robinhood, and Webull), it will be a no-brainer for BULK to do the same. We want every trader, from every chain, to be in BULK. People who use Robinhood aren't asking where their trade is being executed. The same should be true for BULK.
We're only 1 month in, and I'm very excited to see where we'll be in 1 year. It may be too early to tell, but it's clear as day that wherever BULK is heading, there won't be a road, because it'll be the road itself.
It's been a long time coming... But it's finally time
Part of evolving as a business is recognising where your focus should be while remembering who your users are.
The reality is that we spent an incredible amount of time purpose-building a network that is specifically designed to cater to HFT and everything that it encompasses.
Execution needed to be faster and limitations to throughput hindered our ability to run real time risk checks as we think about scaling to 100,000 to 1,000,000 users and beyond.
For those who have been following along, its no secret that there has been friction between how we execute and what the preference is from Solana leadership.
I understand and respect their stance, however to continue to frame BULK a solana dex would be reductive to the actual offering, so we’re officially putting this on the record.
The stronger case is that multichain access expands BULK’s distribution and usable capital while bringing more activity into the same market.
Distribution follows where users hold their money.
As more people enter crypto through neobanks, wallets and payment applications, their first chain may simply be whichever network their provider uses. Their choice of trading venue will depend on execution quality, liquidity and convenience.
Requiring those users to move to a particular chain before they can trade creates an acquisition barrier: another transaction, another fee, another interface and another opportunity to abandon onboarding. It also asks wallets and neobanks to move customers away from their existing infrastructure to integrate BULK.
Multichain access lets BULK meet that distribution where it already exists. A wallet or neobank could offer its customers BULK markets through the rails they already use.
The lesson from multicurrency products like Wise is that a single financial relationship can span across several underlying currencies and payment systems. We expect users to increasingly demand the same convenience across chains.
A unified clearing layer can make capital more productive and markets more liquid.
The strongest clearinghouse analogy is capital efficiency. Traditional clearing infrastructure brings eligible collateral and positions into a common risk framework, allowing qualifying exposures to offset and reducing the capital required to support them.
This today belongs to CME Group.
For BULK, the opportunity is to connect capital held across supported chains to a common margin system and shared order book. A trader’s access to liquidity should not depend on which chain funded their account. A market maker should be able to serve that combined demand through the same BULK markets.
This creates an economic advantage: more sources of capital and order flow can support deeper books; deeper books can improve execution; better execution can attract more traders and integrations.
That advantage depends on keeping liquidity concentrated. Multichain access should bring users into the same markets, with eligible collateral recognized under a consistent risk framework. It should also let users withdraw available capital through supported destination chains, making BULK useful within their wider financial activity.
BULK’s specialised execution layer gives it a natural role connecting these rails.
BULK is a purpose-built trading L1 rolled into an order book, matching engine and risk engine. Its value comes from how efficiently it executes trades and manages risk. That specialization gives it a reason to serve capital from multiple ecosystems.
Today, collateral lives on Solana, and BULK’s ledger tracks the corresponding balances, positions and margin. Extending that model to supported networks such as Arc, Tempo, Arbitrum and HyperEVM would allow more funding and withdrawal routes to connect to the same execution system.
The architectural principle is to handle each chain’s confirmation and settlement requirements at the funding boundary. Once collateral is securely recognised, trading should run through BULK’s own execution and risk process. This allows BULK to preserve its performance while broadening access.
The intended experience is straightforward: fund from a supported chain, trade against BULK’s shared liquidity, and withdraw available balances to a supported destination. A user could enter from Solana and exit on HyperEVM, with BULK coordinating the accounting, settlement and destination liquidity required.
For wallets and neobanks, that would make BULK an exchange and clearing integration they can use across their supported networks. Each additional rail would expand access to the same venue, and strengthen the market already serving everyone else.
Ladies and gentlemen, may I introduce you to the CME Group of onchain finance.
app.bulk.trade/ref/RIZZY
It's been a long time coming... But it's finally time
Part of evolving as a business is recognising where your focus should be while remembering who your users are.
The reality is that we spent an incredible amount of time purpose-building a network that is specifically designed to cater to HFT and everything that it encompasses.
Execution needed to be faster and limitations to throughput hindered our ability to run real time risk checks as we think about scaling to 100,000 to 1,000,000 users and beyond.
For those who have been following along, its no secret that there has been friction between how we execute and what the preference is from Solana leadership.
I understand and respect their stance, however to continue to frame BULK a solana dex would be reductive to the actual offering, so we’re officially putting this on the record.
The stronger case is that multichain access expands BULK’s distribution and usable capital while bringing more activity into the same market.
Distribution follows where users hold their money.
As more people enter crypto through neobanks, wallets and payment applications, their first chain may simply be whichever network their provider uses. Their choice of trading venue will depend on execution quality, liquidity and convenience.
Requiring those users to move to a particular chain before they can trade creates an acquisition barrier: another transaction, another fee, another interface and another opportunity to abandon onboarding. It also asks wallets and neobanks to move customers away from their existing infrastructure to integrate BULK.
Multichain access lets BULK meet that distribution where it already exists. A wallet or neobank could offer its customers BULK markets through the rails they already use.
The lesson from multicurrency products like Wise is that a single financial relationship can span across several underlying currencies and payment systems. We expect users to increasingly demand the same convenience across chains.
A unified clearing layer can make capital more productive and markets more liquid.
The strongest clearinghouse analogy is capital efficiency. Traditional clearing infrastructure brings eligible collateral and positions into a common risk framework, allowing qualifying exposures to offset and reducing the capital required to support them.
This today belongs to CME Group.
For BULK, the opportunity is to connect capital held across supported chains to a common margin system and shared order book. A trader’s access to liquidity should not depend on which chain funded their account. A market maker should be able to serve that combined demand through the same BULK markets.
This creates an economic advantage: more sources of capital and order flow can support deeper books; deeper books can improve execution; better execution can attract more traders and integrations.
That advantage depends on keeping liquidity concentrated. Multichain access should bring users into the same markets, with eligible collateral recognized under a consistent risk framework. It should also let users withdraw available capital through supported destination chains, making BULK useful within their wider financial activity.
BULK’s specialised execution layer gives it a natural role connecting these rails.
BULK is a purpose-built trading L1 rolled into an order book, matching engine and risk engine. Its value comes from how efficiently it executes trades and manages risk. That specialization gives it a reason to serve capital from multiple ecosystems.
Today, collateral lives on Solana, and BULK’s ledger tracks the corresponding balances, positions and margin. Extending that model to supported networks such as Arc, Tempo, Arbitrum and HyperEVM would allow more funding and withdrawal routes to connect to the same execution system.
The architectural principle is to handle each chain’s confirmation and settlement requirements at the funding boundary. Once collateral is securely recognised, trading should run through BULK’s own execution and risk process. This allows BULK to preserve its performance while broadening access.
The intended experience is straightforward: fund from a supported chain, trade against BULK’s shared liquidity, and withdraw available balances to a supported destination. A user could enter from Solana and exit on HyperEVM, with BULK coordinating the accounting, settlement and destination liquidity required.
For wallets and neobanks, that would make BULK an exchange and clearing integration they can use across their supported networks. Each additional rail would expand access to the same venue, and strengthen the market already serving everyone else.
rizzy retweeted
It's been a long time coming... But it's finally time
Part of evolving as a business is recognising where your focus should be while remembering who your users are.
The reality is that we spent an incredible amount of time purpose-building a network that is specifically designed to cater to HFT and everything that it encompasses.
Execution needed to be faster and limitations to throughput hindered our ability to run real time risk checks as we think about scaling to 100,000 to 1,000,000 users and beyond.
For those who have been following along, its no secret that there has been friction between how we execute and what the preference is from Solana leadership.
I understand and respect their stance, however to continue to frame BULK a solana dex would be reductive to the actual offering, so we’re officially putting this on the record.
The stronger case is that multichain access expands BULK’s distribution and usable capital while bringing more activity into the same market.
Distribution follows where users hold their money.
As more people enter crypto through neobanks, wallets and payment applications, their first chain may simply be whichever network their provider uses. Their choice of trading venue will depend on execution quality, liquidity and convenience.
Requiring those users to move to a particular chain before they can trade creates an acquisition barrier: another transaction, another fee, another interface and another opportunity to abandon onboarding. It also asks wallets and neobanks to move customers away from their existing infrastructure to integrate BULK.
Multichain access lets BULK meet that distribution where it already exists. A wallet or neobank could offer its customers BULK markets through the rails they already use.
The lesson from multicurrency products like Wise is that a single financial relationship can span across several underlying currencies and payment systems. We expect users to increasingly demand the same convenience across chains.
A unified clearing layer can make capital more productive and markets more liquid.
The strongest clearinghouse analogy is capital efficiency. Traditional clearing infrastructure brings eligible collateral and positions into a common risk framework, allowing qualifying exposures to offset and reducing the capital required to support them.
This today belongs to CME Group.
For BULK, the opportunity is to connect capital held across supported chains to a common margin system and shared order book. A trader’s access to liquidity should not depend on which chain funded their account. A market maker should be able to serve that combined demand through the same BULK markets.
This creates an economic advantage: more sources of capital and order flow can support deeper books; deeper books can improve execution; better execution can attract more traders and integrations.
That advantage depends on keeping liquidity concentrated. Multichain access should bring users into the same markets, with eligible collateral recognized under a consistent risk framework. It should also let users withdraw available capital through supported destination chains, making BULK useful within their wider financial activity.
BULK’s specialised execution layer gives it a natural role connecting these rails.
BULK is a purpose-built trading L1 rolled into an order book, matching engine and risk engine. Its value comes from how efficiently it executes trades and manages risk. That specialization gives it a reason to serve capital from multiple ecosystems.
Today, collateral lives on Solana, and BULK’s ledger tracks the corresponding balances, positions and margin. Extending that model to supported networks such as Arc, Tempo, Arbitrum and HyperEVM would allow more funding and withdrawal routes to connect to the same execution system.
The architectural principle is to handle each chain’s confirmation and settlement requirements at the funding boundary. Once collateral is securely recognised, trading should run through BULK’s own execution and risk process. This allows BULK to preserve its performance while broadening access.
The intended experience is straightforward: fund from a supported chain, trade against BULK’s shared liquidity, and withdraw available balances to a supported destination. A user could enter from Solana and exit on HyperEVM, with BULK coordinating the accounting, settlement and destination liquidity required.
For wallets and neobanks, that would make BULK an exchange and clearing integration they can use across their supported networks. Each additional rail would expand access to the same venue, and strengthen the market already serving everyone else.
Google has the #1 AI model again, and you can't use it
Gemini 4 Carbon scored 59 on the artificial analysis index, one point above opus 5.5 from a day earlier. it's going to cyber defenders and the us government first
and Pichai says the next 12 months will "accelerate because of RSI", AI helping build the next AI. that's the part i'd watch.
2030 gonna be insane
this might be my last normal tweet before biotech goes vertical
i'm not a whistleblower. I don't work at Lilly, Novo or any of the big labs
but there is a massive shift happening in human biology right now.
it's sitting in press releases and almost nobody reads them
the last 6 months alone:
- a once-daily pill roughly doubled median survival in metastatic pancreatic cancer (13.2 vs 6.6 months)
- a one-time gene editing infusion cut hereditary angioedema attacks 87%, and 62% of patients stayed attack-free and off all other prevention for 6 months
- a one-time gene edit for cholesterol dropped LDL up to 62%, and it held for over a year
- a personalized mrna vaccine beat keytruda alone in a 1,137 patient melanoma phase 3
- retatrutide hit ~28% weight loss in a phase 3
- an ai-designed drug entered phase 3
- a pill that regrows hair passed its second phase 3
- an immunotherapy that could let some rectal cancer patients skip surgery, chemo and radiation just got fda approved
- a man lived 271 days off dialysis on a pig kidney
- human cells were caught passing chromosome-sized chunks of DNA to their neighbors, and it changes how the neighbors behave
we are on the verge of an era where the human body is a software problem and the update cycle gets shorter everyday
stick around, it's going to get weird
bio/acc
indonesia now pays 7.7% to borrow for 10 years. a year ago it was about 6%
that cost ends up in your mortgage, your car loan and the price of anything imported
the market is getting nervous about indonesia, and this chart shows it
1. the backlit apple logo is sick, fuck yeah
2. who tf at Apple think a touchscreen on a laptop is useful???
ai agents got into anthropic's sales, hr and it systems in under 12 hours
it was an authorized bug bounty test by a startup called cathedral, and it went in through third-party business software. anthropic says user chats, source code and model weights weren't touched, but slack messages, meeting transcripts and salary data were reachable
if the ai company can get hit through its vendors, so can everyone else
anthropic is massively underplaying the recent security breach. i'm hearing cathedral achieved full administrator access of the slack workspace (see every message, log in as arbitrary users) where literally every single research secret is contained
to those unfamiliar: Ant & OAI keep literally everything in Slack. it sounds exactly the same incident that happened to OpenAI in 2023, where OpenAI was hacked by a random guy who got access to an access token from an external app service
"we're critical to national security, we must beat China, and yes we keep all our crown jewels in Salesforce's Slack messenger. yes we have admin API tokens everywhere. why do you ask?"
Is a job a way to get things made, or just a social construct?
My take on work for the next generation
rizzy retweeted
THE GAUNTLET 🥊
Every week, 50,000 AURA goes to whoever survives the Gauntlet... This week: Open Interest
The more OI you hold, the bigger your share of the pool, stacked on your normal OI rewards 👀
Trade now: app.bulk.trade
> run a campaign
>give $50 for people who tradedonce a day for 5 days
>mid campaign change the term and condition
the cabal is strong in here
scientists think your brain might talk more like chatgpt than we thought
the old idea was that we build sentences like ikea furniture, following a hidden blueprint of grammar rules in our heads
this study says it's more like autocomplete. we stack familiar chunks like "at the end of the day" and guess what comes next
so maybe "it's just predicting the next word" isn't the insult people think it is
Chomsky was wrong.
Researchers found your brain doesn’t store language the way every textbook since 1957 claims.
For decades, the undisputed rule of linguistics, led by Noam Chomsky, was that human language is hierarchical.
We were told our brains process language using complex "grammar trees." That we secretly build deep, abstract, mathematical rules in our heads before we speak.
This new paper proves that is completely wrong.
Researchers at Cornell University analyzed how people actually process and produce language in real time.
They found sequences. Linear chunks.
When we speak, we aren't calculating deep syntactic rules. We are just predicting the next most logical sequence of words based on the context of the words right before it.
We string linear chunks together.
If this sounds familiar, it should.
This is exactly how Large Language Models like ChatGPT work.
For years, critics have dismissed AI as "just a next-token predictor." They said it isn't truly intelligent because it doesn't understand deep grammatical hierarchies like humans do.
But this paper suggests humans don't use those hierarchies either.
We are just predicting the next chunk.
Language isn't a rigid tree of mathematical rules. It's a linear stream of contextual predictions.
We thought we were building AI to mimic the complexity of the human brain.
It turns out, the human brain was just running a simpler algorithm all along.
