DuJun: Yesterday's "bear market reading" meme comes from this picture. In April 2021, the team gave the warning signal of the bear market, and then the old brothers began to say what the bear market should do, some chose to have children, some chose to read books. Due to the epidemic, I chose the NUS EMBA in Singapore, and several Chinese friends went to Tsinghua Wudaokou. The picture is from May 2021. https://t.co/n04SujuD4a

Elon Musk: Given that modern AI can solve any “prove you’re not a robot” tests, it’s now trivial to spin up 100k human-like bots for less than a penny per account. Paid verification increases bot cost by ~10,000% & makes it much easier to identify bots by phone & CC clustering. Obvious… https://t.co/DtJxDDeLuw

a16z: Catch up this weekend: a16z's Marketplace 100 is out now 👇 https://t.co/7Znwlug7yD

CZ: Historically, #bitcoin's price increased by 2 digits (100x) every 4 years, so far. Disclaimer: History does not predict the future. Not a prediction. Not financial advice. https://t.co/YohEqDtoWN

CZ: Zoom out. #Bitcoin price in 4 year bars/cycles Jan 2009: $0 Jan 2013: $14 Jan 2017: $1,013 Jan 2021: $34,000 Jan 2025: _________________ https://t.co/nyxzSVbFmU

DuJun: Alert: It used to be a fake wechat account, but now the scammer has started to pretend to be a Twitter account. It is estimated that I was blocked at the beginning, so I have not found it, thank you @Lucast168 for the screenshot reminder. I will not lend you money or take you to invest in social media, nor will there be any wealth password to tell you, our foreign investment will be open on @ABCDECapital, bitcoin is the only faith. https://t.co/2W5PBZNI1U

a16z: When you think of the space market, launch is usually the first to come to mind. While these companies have the same goal in mind, each mission has unique rocket needs ranging from big to small, even rideshare. https://t.co/kkyXkYUUsS

a16z: The larger market is nearly as expansive as space itself. @rmcentush maps the inspiring companies—from launch to in-space services and beyond—who are working toward the final frontier. 🚀 https://t.co/iYudpFrihf

CZ: FUD doesn't just happen with western media. A couple of people were spreading FUD that they can get double deposits on Binance during the maintenance. It is not true. 4. https://t.co/Vk7foAGCpJ

CZ: Trailing stops will be disabled for the time being. Existing trailing stops will be cancelled. Users with open trailing stops order will receive a push notification + email. 🙏

CZ: You can cancel orders now. Trading resumes in 20 min, at 6PM Dubai time. » Binance Temporary System Maintenance Complete (2023-03-24) | Binance Support https://t.co/orAYziTMyx

CZ: Est 60 min ish ETA. Our team's doing pre-trading tests now. For those new with us, our resume SOP is roughly as follows: Announcement with exact times (soon). Deposit enabled (done now). Internal transfers enabled (done now). 30 min of cancel-only mode (not yet) Resume trading… https://t.co/vyQMAsdYBd https://t.co/ZtkhTkD1CD

CZ: Engine 1 is back online. Still need more time to do reconciliations, and for other engines to catch up. We were a bit unlucky with this bug. Our engines take hourly snapshots. This bug happened 57 min in. So, replay/reconciliation takes a bit longer.

CZ: We communicate more frequently during issues. Trading halts are P0 all-hands-on-deck issues. All internal meetings cancelled, for 8000+ people. Single focus until full recovery. My main job is tweeting, while listening in on the dev call. No filter or proof-reads. https://t.co/rm114qvXVr

CZ: A little trivia while we wait. Debugging. In the 1940s, when "chip" circuits still use big transistors. Insects often get in (because it's warm) and short circuit things. Engineers have to periodically remove the bugs, thus debugging.

CZ: Initial analysis indicates matching engine encountered a bug on a trailing stop order (a weird one). Recovering. Est 30-120 min ish. Waiting for more precise ETA. Deposits & withdrawals are paused as a SOP (standard operating procedure). Funds are #SAFU. 🙏 https://t.co/mvtGQ3JlMA

a16z: a16z’s 4th annual Marketplace 100 is here. And with it comes lots of insights about where consumers are spending, and why. @conniechan, @omooretweets and @zachcohen25 joined the a16z Podcast to dive in👇

a16z: For more insights on the ways we shop—and the opportunity those changes will unlock—watch the full episode on a16z's YouTube channel. https://t.co/nejajUlgRH And subscribe wherever you get your podcasts.

a16z: We are leading the Series A for @character_ai—a proprietary LLM to create and chat with AI characters capable of humor, insight, and more. Founders Noam Shazeer and Daniel De Freitas are long-time pioneers in conversational AI. More from @sarahdingwang: https://t.co/cqxaYvSHk4

a16z: We are leading the Series A for @character_ai—a proprietary LLM to create and chat with AI characters capable of humor, insight, and more. Founders Noam Shazeer and Daniel De Freitas are long-time pioneers in conversational AI. More from @sarahdingwang: https://t.co/cqxaYvSHk4

CZ: 🤷‍♂️ » America’s banks are missing hundreds of billions of dollars | The Economist https://t.co/orDFcKXuXP

a16z: It's here: a16z's annual Marketplace 100. And this year, the list features nearly 3 dozen newcomers. See which startups and private companies made it: https://t.co/7Znwlug7yD https://t.co/xpbVtYnMRR

CZ: ATH for #Binance Launchpad » Binance Launchpad for Space ID Tokens Receives Over $2.8B in BNB Commitments https://t.co/qoJ0ILs3uy

CZ: Not for or against Trump. But is this (unfair) psychological priming? Disclaimer: I am not involved or interested in politics. I always get Trump/Biden -> Democrats/Republicans mixed up. Show the (lack of) attention I give to these things. https://t.co/wOIXbhIJAX

CZ: “My” first computer. Dad paid $7000 CAD for this x286, a few months of his salary in 1990. It remains the most expensive computer we/I ever bought. Looking back, it definitely helped start me on the right track. I’m forever grateful. 🙏 https://t.co/K8fDft9n77 https://t.co/t1Z2mTwvMr https://t.co/qFvk6egFQ3

CZ: Would you believe me if I told you I'm the one snowboarding in this video? 😆 https://t.co/VZyFHHFKlP

a16z: Travel is a trillion-dollar industry stuck in the past, say @kirbyman01 and @venturetwins. But now, thanks to AI, it doesn’t have to be. Here’s how travel could get better👇 https://t.co/gXi4dMOAH8

a16z: Sometimes the hardest part of planning a trip is choosing where (and when) to go. With the help of AI, some companies are already suggesting options. And these products will likely improve and become full-featured and interactive. https://t.co/WtOfTF0VwA

a16z: That’s a lot of opportunity … and that’s just for personal travel. For more thoughts on how AI could improve business travel and more, explore the full story, by @kirbyman01 and @venturetwins: https://t.co/gXi4dMOAH8

CZ: At #Binance, playing a positive role in the communities in which we operate is important. On that note, we’re thrilled to see the Binance Bahrain 🇧🇭 team building event from last week, where they held a Beach Clean Up event! There were over 100 volunteers and they managed to… https://t.co/mJAgHjcYMm https://t.co/azpkaE7dlo

a16z: We’re excited to announce today that we invested in both the seed and series A rounds of @CoactiveAI. We’re thrilled to support cofounders @codyaustun and @willg_ai in building the company. https://t.co/wM3wtwDS8A

a16z: Most businesses trying to analyze images and videos are stuck doing supervised machine learning. There hasn’t been a simple way to apply domain expertise to large pools of visual content. This is where @CoactiveAI comes in.

a16z: As AI continues to show breathtaking new results nearly every week, we are proud to support founders to bring these advances to important—and deceptively complex, and not always sexy—business problems. Read more about @CoactiveAI: https://t.co/wM3wtwDS8A

CZ: #BUSD, the most fiat-backed stablecoin, audited by big audit firms, regulated by the NYDFS, was forced to wind down (no new minting). USDC is shrinking in market cap too due to bank closures. USDT is growing. https://t.co/q5OYQdpAtW

a16z: What does it take to build a successful podcast? In some ways, this is the easiest it's ever been to do it. And in other ways, it's only gotten harder. In this episode of the a16z Podcast, @sriramk and @aarthir from the Good Time Show reveal what they've learned👇

a16z: For more, including the duo's thoughts on audience vs. community, and what @sriramk has learned from his front-row experience at Twitter recently, watch the full episode on a16z's YouTube channel, and subscribe wherever you get your podcasts: https://t.co/3xxYHIOidI

CZ: Every decade or so, the same banks fail. We keep them alive, then repeat. More costly each time. Meanwhile, it is incredibly difficult for new banks (to be approved) to enter the market to compete. New banks are also required to operate in exactly the same way as the old… https://t.co/fQsF7ibMrT

Elon Musk: This platform is growing fast! Just exceeded 8 billion user-minutes per day … of the most influential, smartest people on Earth 😉

Elon Musk: In the coming weeks, Twitter will prioritize replies by: 1. People you follow 2. Verified accounts 3. Unverified accounts Verified accounts are 1000X harder to game by bot & troll armies. There is great wisdom to the old saying: “You get what you pay for.”

CZ: Holding crypto is tough. It wasn't easy for the people who held on in the past few months. 👏

Elon Musk: To meme the impossible meme 🎶 To fight the unbeatable foe 🧌 To bear with unbearable sorrow 😭 To run where the brave dare not go💨 To right, the un-rightable rong 😑 To ♥️ pure and chaste from afar To try when your arms are too weary 😮‍💨 To reach the unreachable ⭐️ This is… https://t.co/y0OnBAUNST

Elon Musk: Our “algorithm” is overly complex & not fully understood internally. People will discover many silly things , but we’ll patch issues as soon as they’re found! We’re developing a simplified approach to serve more compelling tweets, but it’s still a work in progress. That’ll also… https://t.co/uxxJe3RT36

a16z: The landscape of companies looking to commercialize the space industry is vast, from satellites and in-space services to manufacturing and software. @rmcentush maps the inspiring companies and their teams whose sights are set on the final frontier. 🚀 https://t.co/iYudpFqKrH

CZ: I didn't see "... but #bitcoin is not a store of value..." narrative in the past week. 🤷‍♂️

CZ: a few more crazy ideas: 2. don't lend out customer money to make money. let VCs do that. 3. no revenue? charge a transparent fee for your services, like facilitating transactions(tx). 5. tx cost too high? use blockchain tech to lower your costs. Keep business simple. 🤷‍♂️

Vitalik Buterin: Self-custody is important. And social recovery and multisig is a great way to do it. A quick reddit post on how I think about choosing guardians for social recovery and multisig wallets: https://t.co/FY1iyJ6BFC

Elon Musk: It’s exciting to see more & more public figures engaging in active dialogue on this platform! Sure, people will say foolish things from time to time (myself especially), but that’s way better than silence or sanitized “press releases” that’re basically just boring propaganda.

CZ: Strong support for UK and EU’s approach to digital market policy in the @brookingsinst report. Industries like crypto benefit from consistent and clear regulations. We need collaboration to get there. Some thoughts 🧵

CZ: The industry needs constant progress from both sides. Policy makers should be efficient in driving consistent, clear regulations. Digital platforms, like crypto exchanges, must continue to do the right thing and always put users first. One does not substitute the other.

a16z: When we first met the team at @wingspanapp, it was clear they were solving an incredible pain point. In many ways, contractors are the backbone of the U.S. economy. Yet, contracting, and working with contractors, remains a challenge.