Engineering @eo_network prev @indexcoop @thirdfiorg @gig_india (acqd)
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Joined May 2010
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Sid Hemraj (Sid) retweeted
The US used to destabilize countries for oil but now it's done for turbines
There's 2 GW of power generation sitting in Venezuela at less than 30% utilization
Termozulia 1 - 2x GE 7F.03 (2x~170 MW) + 180 MW ST = 520 MW
Termozulia 2 - 2x Siemens SGT6-5000F (2x260 MW) + 200 MW ST = 720 MW
Termozulia 3 - 2x Siemens SGT6-5000F (2x260 MW) + 225 MW ST = 745 MW
@sama @gdb @realDonaldTrump have been in the cahoots recently discussing how to solve the US power problem, and how to expand to the new Stargate Venezuela site.
@elonmusk is considering lifting these turbines and installing them for Collosus 3
For people that make it this far the only factual thing is that these are the turbines sitting here extremely underutilized, there's no plan to actually use them for DCs.
Sid Hemraj (Sid) retweeted
Interestingly, @IBM Cloud has started buying ads based on the "clustermax" keyword.This is strange, since IBM actively worked against us during our testing period. More details in thread: (1/6)🧵
Sid Hemraj (Sid) retweeted
Uber driver told me how he was scared about AI taking over everything
But this week at Neurips, he gave rides to ~20 researchers, now he's not worried at all about it
Turns out the solution to AI doomerism is simply talking to PHDs who run experiments on 3 GPUs
Who woulda known – at Coronado, CA
Sid Hemraj (Sid) retweeted
1/ Over the past few months, Ethereum has been quietly catching up in the tokenised stocks volume race.
Flawed comparison, No bank will let everyone redeem 100% instantly
Tether just dropped their latest reserves report and the numbers are serious.
- USDT Liabilities: $174B
- Cash & Cash Equivalents: ~$140B
> Meaning:
If everyone tried to redeem $USDT at the same time, Tether is short by ~$34B in instant liquidity.
The missing gap is backed by:
- Bitcoin: $9.8B
- Gold & metals: $12.9B
- Secured loans: $14.6B
- Other investments: $3.8B
So yes, Tether is solvent on paper (assets $181B > liabilities $174B).
But they’re not fully liquid, they run a fractional reserve model like traditional banks.
As long as redemptions are normal, everything works.
If there’s a panic? Liquidity stress hits fast.
USDT isn’t “fully backed by cash.”
It’s backed by U.S. Treasuries + yield + risk assets, scaled to a $174B stablecoin.
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1/ Over the past few months, Ethereum has been quietly catching up in the tokenised stocks volume race.
4/ Unsurprisingly, the top tokenised stocks are ETFs offering diversified exposure to the S&P 500 and leading tech companies — a natural fit for on-chain investors.
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5/ If you're building in the tokenised stocks space, feel free to reach out.
@eo_network is already working with multiple tokenisation platforms on on-chain NAV reporting and Proof-of-Reserve infrastructure.
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Sid Hemraj (Sid) retweeted
Following recent events in the market, we would like to outline how Midas infrastructure is designed and provide an update on our operations.
All Midas operations continue to function as designed. Redemptions are processed as requested, with all mTokens performing in accordance with their defined parameters.
Transparency, accountability, and integrity remain at the core of Midas’s infrastructure and vision for on-chain finance. Midas does not manage assets or risk. Instead, Midas provides the tokenisation infrastructure through which qualified asset managers can issue tokenised products providing exposure to underlying strategies. All on-chain assets are verifiable in the public domain, and off-chain assets are verified by independent agents, including @Ankura_Consult and @eoracle_network.
All asset managers on the platform are responsible for providing ongoing communication on risk management over the course of the market developments. Midas amplifies these updates through official channels to ensure visibility and transparency.
Sid Hemraj (Sid) retweeted
Exactly one year later I think it's safe to say this @levelsio take (like many others at the time) was off the mark
Imagine being Sundar Pichai now:
- you had the largest continually updated data set of any company to train AI on (the Google Index)
- you invented the underlying technology of LLMs like ChatGPT in 2017 called Transfomers
- you had complete search dominance: all you had to add was AI and you'd own the market
And yet:
- you managed to complete fumble your massive head start and was late to everything
- you made your APIs so hard to use nobody seriously integrated it into their apps and people instead went Anthropic and OpenAI
- you now see your search dominance quickly slipping away to Perplexity and yesterday's launched ChatGPT Search
This will be a business case studied in universities for decades
Sid Hemraj (Sid) retweeted
You can just read 25 books.
Keith Rabois on how to beat the experts as a contrarian outsider:
"I think if you're going to reinvent an industry, you don't want experts."
"People are like, 'Where do you get your contrarian ideas?'"
"I read books."
@rabois
Keith Rabois: Israel, OpenAI, Opendoor, and DOGE
The US government is over $37 trillion in debt. But what if there were a way out?
Legendary investor and @khoslaventures Managing Director Keith Rabois thinks that AI will turbocharge GDP growth to 4-6% a year, allowing us to grow our way out of the debt crisis.
We sat down with Keith to discuss why he believes the US is entering a new economic expansion, whether sovereign AI projects are inevitable, the future of Google and Microsoft, why OpenAI is so dominant, and the prospects for peace in the Middle East.
00:00 Intro
00:45 Iran neutralized & rise of sovereign AI
02:30 Trump’s second term, growth, & Fed battles
04:05 Government shutdown, deregulation & media collapse
07:05 Elon–Trump reconciliation & growth vs austerity
09:05 AI’s GDP impact & America’s next boom
11:35 OpenAI’s dominance & Google’s existential challenge
15:05 The coming AI hardware revolution
19:25 Big tech under AI pressure: Amazon, Microsoft, Meta, Apple
31:10 Opendoor and the Amazon-for-homes thesis
37:10 The state of fintech
46:01 Why experts don’t innovate
@rabois @arampell @eriktorenberg
Sid Hemraj (Sid) retweeted
EO Network-powered PT-cUSDO market on @MorphoLabs reaches $100M+ market size
Issued by @OpenEden_X, their treasury-backed savings asset unlocks institutional DeFi through fixed-income yield strategies; EO's hybrid pricing approach powers the data layer.
Here's how it works🧵
