Bitcoin: Sell in May and Go Away?

The much anticipated Rabbit device, a promised large action model (LAM), was slaughtered in reviews. I’m part of the second batch of buyers, and it was just too soon. A flop.

My R1. It was not an easy set up to start and all of the below

‘Building a SkyScraper on Quicksand’

The rabbit R1 overpromised, was overhyped and was hugely disappointing. I thought it would be worth seeing what a “large action model” experience looks like, and it’s pretty bad. Limited action.

Wait.

That is a lesson learned.

The Verge: An Unhelpful, Unfinished Gadget

Artificial intelligence might someday make technology easier to use and even do things on your behalf. All the Rabbit R1 does right now is make me tear my hair out.

Engadget: AI toy that fails at almost everything

It's like trying to build a skyscraper on quicksand. At the moment, the R1 can barely do anything as an AI assistant. And the few tasks it can actually accomplish, like placing DoorDash orders, are faster and easier to tackle on your phone.

I respect the effort, but, this was a tough one to find anything good to say. Maybe the scroll wheel made me miss the BlackBerry? Hm. Not really.

Another Lesson learned: Do not overpromise

The Rundown team is also working on our own product build. We are heads down. We are bootstrapping. We want to build a relevant learning experience. Thomas, my co-founder, is in code mode. We will not overpromise; in fact, we want to build with the garage door up.

Deck we are working on

Code Mode

Here’s a glimpse of us building our back end. This shot is about creating and loading up sessions that we produce, that you experience.

Back-end stuff: how to design and upload a course

Help Us Shape The Rundown

Help shape the rundown here. For context, this survey is for communications specialists like corporate communications teams, the media industry and anyone creating content. We would love to hear from you. Please take a minute and help us stay on point.

Leading with AI

I’m really looking forward to being in Boston to speak and attend this conference. It’s on May 7, and you can stream it. This conference will be held at the Digital Data Design (D^3) Institute at Harvard and the Harvard Business School. Hear how artists, researchers, AI experts, and the Harvard University faculty think AI is reshaping the future of business and society.

Sign up for the live stream for free here: https://bit.ly/HBS_conference

Bitcoin: Sell in May and Go Away. No.

That’s what the cryptocurrency crowd typically believes. It’s not the case this time, as the game is changing this bull market, and it looks like BTC could be poised for a run after taking a dive over the last couple of days. Mr. 100 (likely a Middle Eastern sovereign) is stacking hard and perfectly timing the dip. I note that Jack Dorsey and Block released a “Bitcoin Blueprint for Corporate Balance Sheets.”

According to the blueprint, Block will no longer make lump sum purchases of bitcoin, but rather, acquire the asset through a Dollar Cost Averaging (DCA) approach — an investment strategy that involves purchases in smaller increments at regular intervals, designed to minimize volatility risk by lowering the average cost of investing.

Block has 8,038 BTC currently on its balance sheet, which is worth over $482 million at current prices. Tether did that too.

I have been considering a strategy for my own company, earmarking a percentage of profits (inshallah!) and a dollar cost average move in Bitcoin so I can hold some of my balance sheet. If I even manage to, um, hold 1 BTC (a wholecoiner, as I would be commonly referred to in retail crypto), I’d be happy!

Now why would I be thinking about this? Payments for work from creative or communications talent in certain parts of the world are a challenge for me. Paying in BTC (or even stablecoins) seems more efficient to me than dealing with banks, payment issues, fees and time. And if I do not use this as a medium of exchange, then it’s a store of value, better than gold.

Diamond hands...