Jason Badeaux

Financial assets are promises to trade certain things in the future, if certain events happen in the world. The financial system is the market for promises.

Our multi-year research effort into Tesla’s manufacturing capabilities andsupply chain integrations suggest that Tesla is more than 6 years ahead of anycompetitor. This lead is expanding.

The underlying theme across all 8 of these bullets, except perhaps the last, is that each drives scale of battery production.

A LiO² battery is also known as a lithium-air battery (Li for lithium, O² for oxygen). Unlike the Li-ion or LFP batteries in EVs today, a lithium-air battery uses oxygen ions to store energy, not lithium ions. This difference means their internal structure and chemistry needs to be entirely different from established battery technology.... See more

Tesla’s cell constraints are likely to continue over the medium term. Because its most profitable use of cells is likely to be in electric vehicles, we do not expect Tesla’s energy storage business to drive enterprise value meaningfully during the next five years.

The next wave of $1B+ crypto companies will disrupt incumbents by keeping an existing consumer experience in web2 while rebuilding its back office in web3.

A token must work as a necessary element of a self-sustaining system which is a public utility.

When you have some success, the feeling of being an imposter can be real. Who am I fooling? But when you create things that only you — with your unique talents and experience — can do, then you are absolutely not an imposter. You are the ordained. It is your duty to work on things that only you can do.

The home page has nothing on it. I didn't want to join a startup which had only a textbox. [from a friend who was offered a role when Google had 15 employees]