Facta non verba. @jonghodanielpark Channel on Telegram

Facta non verba.

@jonghodanielpark


Wisdom for Action.

Wisdom for Action (English)

Are you seeking wisdom to guide your actions in life? Look no further than the Telegram channel "Wisdom for Action," curated by the knowledgeable user @jonghodanielpark. This channel is dedicated to providing insightful quotes, anecdotes, and advice to help you make informed decisions and take meaningful steps towards achieving your goals. With the motto "Facta non verba" (Deeds, not words), this channel emphasizes the importance of taking action based on wisdom and knowledge rather than mere words. Whether you are facing a challenging situation, seeking motivation, or simply looking for daily inspiration, you will find an abundance of wisdom and guidance on this channel. @jonghodanielpark, the creator of this channel, is passionate about sharing valuable insights and empowering others to make positive changes in their lives. Through carefully selected content and thoughtful commentary, he aims to cultivate a community of individuals who are committed to continuous growth and self-improvement. Join the "Wisdom for Action" Telegram channel today and embark on a journey towards a more fulfilling and purposeful life. Let wisdom be your guide as you take action towards becoming the best version of yourself. Remember, actions speak louder than words, and with the right wisdom, you can achieve anything you set your mind to.

Facta non verba.

20 Dec, 03:14


Announcing Hashed Thesis 2025: Leading Blockchain’s Global Adoption with Asia at Its Core

Full Medium article here

Facta non verba.

05 Dec, 01:15


We are excited to announce our co-lead investment in GAIB, a project revolutionizing the compute asset ecosystem through tokenization and financialization. — Link

Facta non verba.

15 Nov, 02:30


2nd panel after AiFi Summit panel (pretty chill wrt panel schedule for me this time in BKK 😁)

Facta non verba.

15 Nov, 02:28


Speaking at DePIN Day at Devcon 7. Hmu if you’re around! — Luma link

Facta non verba.

04 Nov, 04:46


Sequoia Capital and the evolution of the VC industry | FT Film — YouTube video from FT

- Founded in 1972 by Don Valentine, Sequoia Capital is a premier VC firm in Silicon Valley with a 50-yr history.
- It has invested in major companies like Apple, Google, Oracle, Cisco, PayPal, Airbnb, YouTube, Instagram, and OpenAI.
- Notably, companies backed by Sequoia make up about 25% of the Nasdaq index, highlighting its significant impact on technology and innovation.

- In 2022, Sequoia invested $225M in FTX. This raised concerns about DD practices in VC investments.
- The loss was especially notable as Sequoia had been more cautious about crypto compared to rivals like a16z, which had aggressively invested in the sector.

- Sequoia split its global operations into separate entities for the US & Europe (remaining as Sequoia), China (now HongShan), and India (now Peak XV).
- The Chinese branch was managing over $50B in capital at the time of the split.
- Sequoia still holds stakes in Chinese companies like ByteDance, the owner of TikTok, which is facing potential bans in the US, potentially affecting shareholder value.

- Generational leadership changes led to internal disputes within the firm.
- Notably, at Klarna—a BNPL company that was once Europe's most highly valued startup—Sequoia partner Matthew Miller attempted to remove former managing partner Michael Moritz from the board.
- This public conflict highlighted tensions between current management and former partners during the leadership transition.

- The VC industry has expanded, with the number of firms in the U.S. quadrupling over the last 10–15 years, leading to increased competition and inflated valuations.
- Sequoia is adapting by heavily investing in AI, allocating 60% of its current investments to the sector.

Facta non verba.

04 Nov, 02:49


Just refreshed the disclaimer as I go live again

Facta non verba.

04 Nov, 02:48


Facta non verba. pinned «Disclaimer: The views and opinions expressed in this channel are those of the author and do not necessarily reflect the official policy, position, or comprehensive vision of Hashed. This content is for informational purposes only and should not be considered…»

Facta non verba.

04 Nov, 02:48


Disclaimer: The views and opinions expressed in this channel are those of the author and do not necessarily reflect the official policy, position, or comprehensive vision of Hashed. This content is for informational purposes only and should not be considered as financial, investment, legal, or any other type of advice.

Facta non verba.

04 Nov, 02:45


A deeper look into the potential of NodeFi & GPU financing — Article from Niklas Polk at Nansen

- The booming AI sector offers lucrative investment opportunities through GPU rentals via DePIN, providing significant USD yields.
- Concurrently, NodeFi delivers high non-USD yields.
- Cryptocurrency and blockchain enhance the GPU rental value chain by enabling financing, fundraising, and unique yield distribution through token emissions and DeFi integration.
- Potential annual yields can reach ~200% in optimistic, ~95% in realistic, and ~30% in pessimistic scenarios by combining asset returns, token emissions, and DeFi yields.
- Emerging DeFi products like GAIB and Aethir are essential for developing on-chain GPU financing.
- This approach mirrors the rapid growth of Bitcoin mining, with innovative financing models expected to accelerate the crypto-adjacent GPU sector.

Facta non verba.

04 Nov, 00:26


Past few months meme rotation & Some learnings — X Thread by @ahboyash

- Stay updated on meme trends, like recent favorites such as Base memes, AI agents, and Gen Z phrases.
- Build a consistent investment strategy and be selective, focusing on $5–10M caps for better returns over low caps.
- Investments should be thesis-driven, based on cultural or influencer appeal, and capital should be readily available on multichai.
- Tracking Dexscreener Multichart helps monitor trends by ecosystem.
- With the market evolving, old strategies are less effective, and adapting to the current meta is crucial.
- Young investors should beware of “brain rot” from chasing meme trends without developing long-term skills.

My conclusion - Last comment so crucial... If I'm not confident I can monitor my meme position every single day, will not try to ape in with my own capital... unless it becomes mainstream hard to ignore

Facta non verba.

03 Nov, 09:57


Part 3: Is NVIDIA's Era Coming to an End? Formation of the Anti-NVIDIA Alliance and Glass Substrates (UXL, UALINK, Glass Substrate) — Link

- NVIDIA, while leading in GPU-based computing power boosted by hyperscaler investments, faces new market variables due to design flaws causing delays in its Blackwell series. Growing dissatisfaction over NVIDIA's high prices and closed ecosystem (CUDA, NVLink) is prompting companies, including hyperscalers, to seek alternatives.

- The UXL alliance, based on Intel's OneAPI, is building an open ecosystem alternative to CUDA, addressing past shortcomings like hardware manufacturer support. UALink is developing an interconnect standard to rival NVLink, aiming to reduce NVIDIA's lock-in effect by allowing compatibility among different suppliers' hardware.

- The rise of on-device AI is expanding the edge device-based AI computing market, forming new areas beyond NVIDIA's influence. There's a shift in performance enhancement focus from design to manufacturing processes, advanced packaging, and materials like glass substrates, potentially weakening NVIDIA's core competitiveness.

- Glass substrates are overcoming limitations of existing organic substrates, offering higher performance and efficiency. Korean companies like SKC, Samsung Electro-Mechanics, and LG Innotek are leading the market through active investment and research in this field.

Facta non verba.

03 Nov, 09:56


Although it's a two-month-old video, I'm sharing a three-part series that clearly summarizes the current state of algorithms, big data, and compute in AI. While some points might be familiar, the message is clear, and I recommend watching when you have time (total runtime: about 40 minutes).

All videos are in Korean btw...
Part 1: Algorithm (Link)
Part 2: Big data (Link)
Part 3: Compute (Link)

Part 1: Google, Apple, and Microsoft in Crisis! The Calculations of Top-Tier Companies in an Era of Great Transformation — Link

- The AI era is centered on algorithms, big data, and compute, marking a transition in the fourth industrial revolution from 'Tool' to 'Machine', 'Device', and finally, 'Function'. LLMs like GPT are breaking down language barriers and enhancing human-machine interaction.

- With the advent of on-device AI, algorithms are now executed directly on devices rather than relying solely on the cloud. This enables the dynamic selection and processing of algorithms based on user needs, providing personalized AI experiences.

- In the AI era, companies that control the selection of algorithms, rather than just their creation, are poised to seize market dominance. Platform companies like Apple, Google, and Microsoft hold significant positions due to their ecosystems. For example, Apple leverages years of user data and queries within its ecosystem to provide AI services optimized for user needs; the development of on-device AI further enhances this capability.

- The intersection of LLMs and GenAI, along with on-device AI that selectively executes these models, is creating new markets led by major platform companies. These companies are likely to steer market trends through their authority to select algorithms.

Facta non verba.

03 Nov, 09:56


Part 2: Google, Apple, and Microsoft in Crisis; The Birth of SearchGPT; What Is OpenAI Aiming For? — Link

- There's an evolution away from exclusive cloud-centric systems toward additional embedding algorithms within edge device, which enhances personal data protection, security, and resource efficiency. Federated learning allows AI models to be trained on individual devices, sharing only updated parameters. Tesla's 'Dojo' is a prime example, where vehicles collect real-time data to continuously update AI models.

- Companies like Google, Microsoft, Apple, and Amazon are adjusting their strategies in line with this shift to distributed models. Despite possessing massive data, they face privacy constraints; federated learning offers a solution to enhance AI competitiveness while addressing privacy concerns.

- AI supplements real data by generating synthetic data, filling learning gaps especially in areas where data collection is difficult. The competition for AI dominance hinges on effectively handling federated learning and synthetic data. Companies leading in these fields, such as OpenAI with its recent "SearchGPT" release, are poised to shape the future AI ecosystem.

- Ultimately, future dominance in AI is likely to be determined by data access methods and learning efficiency.

Facta non verba.

03 Nov, 02:46


UBS Asset Management launches its first tokenized investment fund — Official announcement link

- UBS Asset Management launched the “UBS USD Money Market Investment Fund Token” (uMINT) on Ethereum, offering tokenized cash management through authorized distributors.
- Growing demand for tokenized assets has led UBS to expand blockchain-based fund solutions, aligning with MAS’s Project Guardian.
- In 2023, UBS issued CNH 200 million in digital structured notes and completed a cross-border repurchase transaction with a digital bond on a public blockchain.

Facta non verba.

03 Nov, 02:43


Current status of VC's infrastructure funding — X link

Facta non verba.

03 Nov, 02:42


Introducing Based Agent: create AI agents with full onchain functionality on Base in less than 3 minutes. — X announcement link

- Replit: https://replit.com/@KevinLeffew1/Based-Agent?v=1
- CDP SDK Docs: https://docs.cdp.coinbase.com/mpc-wallet/docs/welcome
- GitHub repo: https://github.com/murrlincoln/Based-Agent/tree/main/Based-Agent

Facta non verba.

03 Nov, 02:41


Why Farcaster provides the best social rails for onchain AI agents — X tweet by @44B1B4

- Onchain AI agents are growing in popularity, especially on X, where they post and passively earn funds.
- Soon, they’ll have self-custody and autonomous transaction capabilities, forming a new economic layer for AI-human interactions.
- X’s centralized API poses risks like shutdowns and price changes, threatening AI agents' stability.
- Farcaster, a censorship-resistant platform, provides a stable, low-cost environment for agents.
- It allows linking Ethereum or Solana addresses to profiles, enabling agents to create bounties, make payments, and access onchain/social histories.
- Agents can also build social graphs, follow accounts, and join AI-only channels.
- Farcaster’s social-finance infrastructure makes it an ideal platform for advancing AI agent capabilities.

Facta non verba.

30 Oct, 01:07


[Emerging Manager Summit in Seoul 2024]

2024년 11월 13일 수요일 19시 강남대로 311 드림플러스 5F에서 이미 Emerging Manager로 시작하여 성공을 거둔 해시드 김서준 대표님, 뮤렉스파트너스 오지성 부사장님의 스토리를 들어보고 여러 펀드매니저의 1호 펀드에 출자를 해왔고 앞으로도 하실 LP분들인 Gree LP Fund 김영록 파트너님, KIC(한국투자공사) 사모주식투자실 노태승 부장님, 홍콩 패밀리오피스 Primitiva Global의 Jay Wang 파트너을 모셔 이야기를 들어보려고 합니다.

본인이 Emerging Manager가 되고 싶거나, 이런 Emerging Manager들이 발굴할 새로운 투자 기회들에 관심이 있을 다양한 분들을 위해 만든 자리니 관심이 있을 다양한 분들을 모시고 싶습니다.

https://www.romanceip.xyz/emss2024/

Facta non verba.

27 Sep, 07:50


Solana Breakpoint 2024 was a MEGA event, and Kaito did all the MEGA heavy lifting homework into one article. So check it out:

https://kaitoblogs.substack.com/p/mega-summary-of-solana-breakpoint

Facta non verba.

18 Sep, 05:25


Did an interview with Kaito recently! Hope it helps yall understand more about my work and the use cases that became possible with this amazing tool!

Facta non verba.

18 Sep, 05:23


Kaito AI: Interview with Dan Park (Hashed)

Dan Park - Research Associate at Hashed

He discussed:

> His role and responsibilities at Hashed
> Using Kaito, favorite feature and aspect
> Due diligence process for potential investments
> Process for using Kaito for deal sourcing
> Emerging narratives/trends in the crypto space

Source: https://x.com/_kaitoai/status/1834179650899026240?s=52&t=txFAbiSPTdLLDlAYj9X_AA

Facta non verba.

06 Sep, 01:22


❤️ Thanks everyone for your support and love!

Last month I got interviewed by police for 4 days after arriving in Paris. I was told I may be personally responsible for other people’s illegal use of Telegram, because the French authorities didn’t receive responses from Telegram.

This was surprising for several reasons: 

1. Telegram has an official representative in the EU that accepts and replies to EU requests. Its email address has been publicly available for anyone in the EU who googles “Telegram EU address for law enforcement”. 

2. The French authorities had numerous ways to reach me to request assistance. As a French citizen, I was a frequent guest at the French consulate in Dubai. A while ago, when asked, I personally helped them establish a hotline with Telegram to deal with the threat of terrorism in France.

3. If a country is unhappy with an internet service, the established practice is to start a legal action against the service itself. Using laws from the pre-smartphone era to charge a CEO with crimes committed by third parties on the platform he manages is a misguided approach. Building technology is hard enough as it is. No innovator will ever build new tools if they know they can be personally held responsible for potential abuse of those tools. 

Establishing the right balance between privacy and security is not easy. You have to reconcile privacy laws with law enforcement requirements, and local laws with EU laws. You have to take into account technological limitations. As a platform, you want your processes to be consistent globally, while also ensuring they are not abused in countries with weak rule of law. We’ve been committed to engaging with regulators to find the right balance. Yes, we stand by our principles: our experience is shaped by our mission to protect our users in authoritarian regimes. But we’ve always been open to dialogue.

Sometimes we can’t agree with a country’s regulator on the right balance between privacy and security. In those cases, we are ready to leave that country. We've done it many times. When Russia demanded we hand over “encryption keys” to enable surveillance, we refused — and Telegram got banned in Russia. When Iran demanded we block channels of peaceful protesters, we refused — and Telegram got banned in Iran. We are prepared to leave markets that aren’t compatible with our principles, because we are not doing this for money. We are driven by the intention to bring good and defend the basic rights of people, particularly in places where these rights are violated.

All of that does not mean Telegram is perfect. Even the fact that authorities could be confused by where to send requests is something that we should improve. But the claims in some media that Telegram is some sort of anarchic paradise are absolutely untrue. We take down millions of harmful posts and channels every day. We publish daily transparency reports (like this or this ). We have direct hotlines with NGOs to process urgent moderation requests faster.

However, we hear voices saying that it’s not enough. Telegram’s abrupt increase in user count to 950M caused growing pains that made it easier for criminals to abuse our platform. That’s why I made it my personal goal to ensure we significantly improve things in this regard. We’ve already started that process internally, and I will share more details on our progress with you very soon. 

I hope that the events of August will result in making Telegram — and the social networking industry as a whole — safer and stronger. Thanks again for your love and memes 🙏

Facta non verba.

06 Aug, 00:56


Greg Brockman and John Schulman leave OpenAI — The Information

Facta non verba.

29 Jul, 03:43


Chinese Developer Report: when 30 years of engineering talent surplus meets the nearly-ready Web3 infra - the inflection point of APAC "Fat Applications" may soon be upon us. — by Folius Ventures

While I don't believe that regional success stories with strong domestic markets in the Web2 space would naturally translate into the Web3 Super App playbook, this is what most players in the market lack in terms of attention.

Facta non verba.

29 Jul, 03:39


ETHCC: One Year Later, Have we Made Progress? — by Delphi Digital

Good recap on ETHCC, exactly what I felt when I was in the town.

Keyword: LVR, Intent, TEE, Based Preconf, Chain Abstraction

Facta non verba.

28 Jul, 12:20


How Altman gets so much done - a thread

Facta non verba.

28 Jul, 12:19


Networking is overrated. Be useful and do the great things first.

https://x.com/naval/status/847134295600746496

Facta non verba.

16 Apr, 15:40


Now in the flight heading for Dubai to see what’s happening exactly… 😭

Facta non verba.

16 Apr, 15:39


Anyone in Dubai, pls stay SAFU

Facta non verba.

16 Apr, 15:39


Highly Important. Pls forward this message to your team.

Pls DO NOT walk on flooded areas and DO NOT touch any metal objects which are attached to the ground while standing on water. During last rainy period 2 deaths has been reported from Sharjah who has tried to cross roads where the roads were flooded and while crossing they got an electrical shock from the ground. Both individuals has died on spot. Most of the places in UAE electrical lines are built underground so pls avoid walking through flooded areas.
Stay Safe

Facta non verba.

23 Mar, 13:59


가치를 창출하는 매커니즘은 대체로 직관적이지 않을(counter-intuitive)때가 많습니다.

우리가 무엇을 만들어서 누군가에게 판다고 가정해보죠. 보통 그 무엇을 판매하기 전에 가격을 정함에 있어서 가장 먼저 생각하는 것은 “내가 이걸 만들기 위해서 들어간 비용(노동력, 시간, 재료들의 원가)이 얼마인가.”일겁니다. 그 총 비용보다 더 높게 팔아야 이득이라는 것이 발생하기 때문이죠.

이것은 매우 직관적인 가치 산정 방법입니다. 지금 이 글을 읽으시는 분들도 “당연히 그렇게 하는 거 아닌가?” 하실텐데요. 사실 지금 우리가 살아가는 시장에선 가치가 그렇게 산정되지 않습니다.

이게 무슨 소리일까요.

오히려 시장은 어떠한 것의 가치를 산정할 때 만든 사람이 얼마나 많은 비용을 지불했는지 따위는 생각하지 않습니다. 오히려, “사람들이 얼마나 그것을 필요로 하는지. 그리고 그것이 얼마나 희소한지.”를 기준으로 가치를 산정하죠.

오히려 시장의 메커니즘은 반대로 갑니다. 시장이 어떠한 것을 가치있다고 생각하니까 사람들이 기꺼이 ”비용“을 지불하고 그것을 만들거나 가져오는 것이죠.

금 한 덩이가 있다고 가정해봅시다. 여러분이 그 금을 얻기위해서 얼만큼의 노력을 했던지간에, 그 금덩이는 한 덩이만큼의 가치로 여겨집니다. 정말 운이 좋게 길거리에서 주웠더라도 말이죠.

노동이 상품의 가치를 정한다는 믿음인 노동가치론은, 적어도 시장에는 적용되지 않습니다. 그리고 그 시장의 메커니즘이 극단적으로 적용되는 곳이 바로 크립토 시장이죠. 가치는 주관적입니다. 내가 0원이라고 생각하는 무엇이, 누군가가 1억이라고 생각한다면 1억의 가치가 생기는 것입니다. 가치는 객관적이지 않습니다.

크립토에서 모든 것의 첫 시작은 “가치는 주관적이다.”라는 인정에서부터 시작됩니다.

정말로 죄송한 말씀이지만, 여러분이 여러분의 프로덕트를 만들기 위해서 얼마나 많은 고민을 했고 치열하게 준비했는지에 대해서 시장은 1도 신경쓰지 않습니다. 시장이 원하는 프로덕트를 만드는 것이 중요하지 내가 얼마나 숭고한 마음으로 사업을 하는지는 중요하지 않습니다.

모르면 외웁시다.

”생산비용이 가격을 결정하는 것이 아니라, 가격이 생산비용을 결정하는 것” 입니다.

밈코인 현상이 얼마나 오래, 지속될지는 모르겠습니다(NFT처럼 오르락 내리락 하겠죠). 하지만 밈코인은 사라지지 않겠죠.

저도 사실 밈코인 잘 모르고 트레이딩도 안하고, 나무늘보나 개구리가 포필러스보다 더 비싸다는게 너무 배아프지만, 오히려 동기를 없앤다기 보단 더 많은 동기를 줍니다. 적어도 나무늘보보단, 개구리보단 잘 되어보자는 생각이 생기네요.

포필러스에 대한 관심도 많이 부탁드립니다.


"재화의 가치는 재화 속에 내재되어있는 속성에 의해서 결정되는 것이 아니다. 또한 그 재화를 생산하기 위해서 필요한 노동의 양으로 결정되는 것 또한 아니다. 하지만 가치는 각각 개인들이 자신의 욕구를 충족하기 위해 매기는 중요성에 의해서 결정된다."
-카를 맹거(Carl Menger)-

Facta non verba.

06 Mar, 08:18


Proud to support the leading teams in the market, please stay tuned 🫡

P.S. NFA, DYOR is a must always!

Facta non verba.

06 Mar, 08:14


https://x.com/danpark012/status/1765281508015923253?s=20

Facta non verba.

06 Mar, 08:14


https://x.com/danpark012/status/1764928369635061976?s=20

Facta non verba.

06 Mar, 08:14


https://x.com/navi_protocol/status/1752585066721734872?s=20

Facta non verba.

06 Mar, 08:13


https://x.com/danpark012/status/1758054335521382832?s=20

Facta non verba.

06 Mar, 08:13


GM! Been a WHILE. There was a long the delay in my TG channel updates, as I've been digesting a lot of investment opportunities at the beginning of the year.

Here are four investments I've been working on as a team:

Facta non verba.

16 Feb, 00:37


Sora is phenomenal. It is a TTV AI model by OpenAI. Sora utilizes a diffusion model and transformer architecture to generate realistic and imaginative scenes in video format based on textual prompts.

Sora can create videos up to a minute long, maintaining visual quality and adherence to user instructions. The model demonstrates the ability to understand and simulate complex scenes, characters, and motions, offering potential applications in creative content creation, filmmaking, and problem-solving that involves real-world interactions.