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27 statements · 2023–2023

Build in bear markets, sell in bull markets — cycles take two years

Most UNDERRATED Cosmos GEM? Akash Network Deep Dive with Greg Osuri! (Cryptocito)

“I prefer building in a bear market, selling in a bull market… it usually takes about one year of deep bear market to build, another year of narrative building in a bear market, so it usually takes two years between the cycles… none of the movements right now matters; what matters is what happens in two years.” — Greg Osuri, 01:03:16

Context: Asked whether he prefers bull or bear markets; January 2023, deep in the bear. He adds he’s DCA-ing into Cosmos assets at “large discounts.”


Radical open source: "hiring talent by not hiring"

Most UNDERRATED Cosmos GEM? Akash Network Deep Dive with Greg Osuri! (Cryptocito)

“Anybody in the world can take up the spec and actually earn a decent living income. So now we are actually incentivizing developers that are stuck in fancy jobs at Facebooks and Googles… now we are solving a huge problem, which is attracting talent — we are attracting talent, we’re hiring talent by not hiring.” — Greg Osuri, 00:05:05

Context: Announcing the community-groups model (SIGs/working groups funded by the on-chain treasury) that open-sources the process, not just the code, after 2022 showed “how many attack vectors corporate structures have.”


Akash will borrow Bitcoin security for better price-performance

"Securing Cosmos With Bitcoin: A conversation with David Tse of Babylon" (Akash Network)

“Our security budget… comes from inflationary tokens… we pay higher price for lower security. But if I can optimize the security budget to have much better price for performance by borrowing Bitcoin security, I think we’ll be a lot better and a lot more secure chain. So I see a future where we can borrow Bitcoin security and pay relatively less than what we’re paying right now.” — Greg Osuri, 00:31:39

Context: On Akash-Babylon collaboration; he proposes starting with partial borrowed security and letting token holders tune how much security to buy from where, ideally in real time.


Composable, priced-by-value security is coming to Cosmos

"Securing Cosmos With Bitcoin: A conversation with David Tse of Babylon" (Akash Network)

“You can compose different chains together to form different levels of security, different sources of security… I think we’re gonna see that sort of composability happen, and you pay higher price for securing higher valuable items, just like in the real world. I think that’s going to come to Cosmos as well.” — Greg Osuri, 00:05:00

Context: Reacting to Babylon’s “security as a service” model; Greg calls composable security an emerging concept unique to Cosmos’s modularity.


Decentralization must peel down to code, website, and communications control

"Securing Cosmos With Bitcoin: A conversation with David Tse of Babylon" (Akash Network)

“Ultimately it comes down to who’s actually writing the code, who’s actually controlling the website, who’s actually controlling the communications — those become the attack vectors. So if you can sufficiently decentralize these layers, you will be able to create a much, much better system when it comes to resiliency.” — Greg Osuri, 00:21:38

Context: Justifying Akash’s newly opened contribution process (SIGs/working groups modeled on Kubernetes); he describes decentralization as an onion — consensus, then governance, then development — where “peeling enough layers” reveals the cracks.


China will have its ChatGPT moment in the next three months

Akash Network Live with Greg Osuri: Akash's progress in 2023, open community development, and more (Akash Network)

“They’re going to have their own ChatGPT moment in the next three months — they’re very very close, they did release a paper… a smart prediction now, you know: I think AI is going to have its web-3 moment very very soon.” — Greg Osuri, 00:46:44

Context: Cites US chip export controls pushing China to domestic GPUs and Hong Kong legalizing crypto “from June onwards”; setup at 00:46:02. (Baidu’s Ernie Bot indeed launched March 2023.)


Crypto's biggest problem: intellectual dishonesty from the top

Mission: DeFi EP 92 - Greg Osuri - Akash is taking on the giants in hosted processing (Mission: DeFi)

“There’s an incredible amount of intellectual dishonesty — incredible, to a point… it starts at the top and it trickles down to the community… when people see comments like ‘Bitcoin solves world hunger’… that dishonesty is giving us as an industry a bad name and hurting people… The way you unlock community is through radical openness, because the more barriers you remove for trust, the higher network effects you get.” — Greg Osuri, 00:44:52

Context: Asked for negative and positive lessons for founders; the openness/network-effects line is at 00:48:28. He names Vitalik Buterin and Anatoly Yakovenko as intellectually honest counterexamples.


Don't say blockchain to AI users — Uber doesn't sell the internet

Mission: DeFi EP 92 - Greg Osuri - Akash is taking on the giants in hosted processing (Mission: DeFi)

“I don’t like to use unnecessary buzzwords… just like when you use Uber you don’t talk about the internet. When you approach an AI user, they don’t care about blockchain or decentralization — they care about low cost, high quality resources… I try to use [the] minimum amount of words to describe the value prop in the quickest manner possible.” — Greg Osuri, 00:35:36

Context: Asked whether blockchain is part of the pitch to web2 companies; to web2 devs he says “Akash is the spot market for the globe.” An early version of the crypto-invisible go-to-market he doubles down on in later years.


Solve 99 problems, leave one for smart people

Mission: DeFi EP 92 - Greg Osuri - Akash is taking on the giants in hosted processing (Mission: DeFi)

“My philosophy is: if you have 100 problems, solve 99 of them and give one for smart people to go solve, because once you give smart people opportunity, they will go build amazing things — and that’s how Kubernetes worked… it’s not [that] simplicity is the answer all the time… create great value and create opportunities for smart people to capture value and you’re going to create an amazing system.” — Greg Osuri, 00:23:26

Context: Why Akash deliberately shipped no first-party web UI — leaving the front-end layer (Cloudmos, Spheron, Fleek, Praetor) as ecosystem opportunity; also used as the episode’s cold open.


OpenAI API access is already more valuable than money; concentrated AGI is the danger

Where Crypto and AI Meet | Featuring Akash, Bittensor, Gensyn & DCG (April 26, 2023) (The Bittensor Hub)

“If you go to a hackathon in San Francisco, your biggest prize is API credits — that’s more valuable than money. Access to OpenAI API is more valuable than money right now… if you say the wrong thing, a wrong prompt, your access gets cut. So one company controlling that — is that the future that you want, or do you want the future where all of us have a say?” — Unknown, 00:30:08

Context: Discussion of AGI concentration risk; Greg (a frequent SF hackathon attendee, per his later remarks) adds that anyone who builds AGI has “no incentive to release it to the world.” Captions not diarized — attribution based on the hackathon reference matching Greg’s later statements.


10x coding productivity from generative AI

ADRIAN STEWART Akash $AKT Interview Greg Osuri #AI #GPU #AISupercloud ElonTrades Cosmos ATOM (Louisiana Swamp Rat)

“The way I use AI every day is as a programmer, I can write 10 times more code the same amount of time spent… it’s literally 10x.” — Greg Osuri, 00:30:48

Context: June 2023, using GPT-4 integrated into Visual Studio; he says a program he’d have quoted at three days took three hours.


AGI is closer than people anticipate

ADRIAN STEWART Akash $AKT Interview Greg Osuri #AI #GPU #AISupercloud ElonTrades Cosmos ATOM (Louisiana Swamp Rat)

“I think it’s way closer than what people anticipate… I think AGI is going to [come] faster.” — Greg Osuri, 00:36:31

Context: Jokes about the race between AGI and self-driving cars. Earlier ([00:35:48]) he warns whoever achieves AGI has “a heavy incentive to keep it to yourself” for wealth and power.


AI will fundamentally change everything

ADRIAN STEWART Akash $AKT Interview Greg Osuri #AI #GPU #AISupercloud ElonTrades Cosmos ATOM (Louisiana Swamp Rat)

“AI is going to fundamentally change everything.” — Greg Osuri, 00:27:11

Context: Arguing market-driven GPU pricing matters because AI is too important for closed allocation. Moments later ([00:27:54]) he adds: “eight years time I think we’re going to be looking back at this moment… things have changed.”


Job loss, but not a doom scenario

ADRIAN STEWART Akash $AKT Interview Greg Osuri #AI #GPU #AISupercloud ElonTrades Cosmos ATOM (Louisiana Swamp Rat)

“It’s going to be job loss, but I don’t think it’s going to be it dooms the scenario. I think we’re just going to produce more.” — Greg Osuri, 00:32:12

Context: On AI productivity’s effect on humanity; he argues humans are “a species that wants more all the time” and will convert productivity into ambition (“you’re gonna go to Mars”).


AI made him 10x as an engineer

The GPU crisis that AI needs solved now. W/ Greg Osuri, CEO Overclock Labs Akash Network (Parks and Decentralization)

“I don’t think I write code anymore without AI assistance. I’ve been writing code for 25 years and… this is the first time I saw a fundamental shift in how we write code… my productivity as an engineer increased at least 10 times.” — Greg Osuri, 00:15:50

Context: Personal testimony about GitHub Copilot (June 2023); caption renders “without AI assistance” as “with our AI assistance.”


The Department of Defense is testing Akash

The GPU crisis that AI needs solved now. W/ Greg Osuri, CEO Overclock Labs Akash Network (Parks and Decentralization)

“Akash Network, along with other networks, have been being experimented [with] inside Department of Defense. I mean, DoD sees the value of Akash Network — they’re doing a proof of concept internally.” — Greg Osuri, 00:38:09

Context: Contrasting military interest in decentralized networks with the Biden administration’s “anti-crypto army” posture; unverified claim as stated.


Fake video becomes indistinguishable within a year

Greg Osuri, Founder and CEO of Akash Network (Proof of Coverage)

“You see a lot of fake, what do you call fake videos and AI generated videos that are going to take over. Video creation is extremely powerful now. Within a year, there’s no doubt it’s going to get [more] powerful. Incredibly hard for you to know what’s fake and what’s real. So there’s attribution.” — Greg Osuri, 00:29:03

Context: Arguing decentralized systems will provide provenance/attribution for AI-generated media (transcript garbles “no more powerful”; sense is “more powerful”).


LLMs will make doctors more productive, not replace them

Building the Super Cloud of GPUs with Akash Founder Greg Osuri | EP #102 (Frictionless Podcast by Logan Jastremski)

“It’s not going to replace doctors, but it’s going to make them a lot more productive… in some cases even I saw ChatGPT doing way better than some of the doctors.” — Greg Osuri, 00:20:57

Context: Medical diagnostics as his favorite near-term LLM use case — pattern-matching lab results beats human recall.


If Akash isn't successful in five years, it would move to Solana

Akash Network - Chat With a Founder Greg Osuri (Don Cryptonium)

“If Akash is not successful in, let’s say, five years — if there’s no traffic, we haven’t met any thresholds that we need to meet in order to consider to be successful — we’ll move to Solana.” — Greg Osuri, 00:19:18

Context: A conditional trade-off of sovereignty for cost: a native token adds security but users pay validators; he’s long shared-state tech on a 5-10 year horizon despite staying sovereign today.


The Democrats are unlikely to win in 2024; next administration will be pro-crypto

Akash Network - Chat With a Founder Greg Osuri (Don Cryptonium)

“If I had to do my predictions, very unlikely the Democrats are going to win again, considering what they did to the country.” — Greg Osuri, 01:17:49

Context: Dated political forecast during a segment calling the SEC “a rogue agency… acting illegally”; he earlier says “I’m very confident the next administration… is going to be a lot less hostile [to] crypto” ([01:15:41]).


Don't start a company unless you've signed up for ten years

Greg Osuri: Redefining Success Against All Odds | BTC Ep.7 (Michael Huynh)

“Unless you think you’re going to be with a company for at least 10 years, do not [start]. There’s no quick buck — there’s no launching a DeFi protocol and getting rich and getting out. Unless you signed up for 10 years, do not engage.” — Greg Osuri, 00:42:59

Context: His core advice to new founders: overnight successes hide years of struggle; success takes “much, much longer than most people think.” He pairs it with warnings about having kids mid-startup (“two babies”).


Solidity is a poorly designed language — hence the exploits

Greg Osuri: Redefining Success Against All Odds | BTC Ep.7 (Michael Huynh)

“Solidity is a very poorly designed language, and it’s very evident with all the exploits that we have today. It is a really poorly designed language — you don’t see the level of exploits you have with Solidity with any other language.” — Greg Osuri, 00:21:16

Context: Part of a riff on bad software winning adoption (JavaScript “designed in 20 days,” PHP); when the host suggests hackers target Solidity for anonymity, Greg insists “it’s just easier to exploit Solidity than any other language.” Also used as the episode’s cold open.


Post-FTX: self-regulate and read out closed-source projects

How Akash Network is Democratizing Access to Cloud GPUs | Greg Osuri (0xResearch)

“Every failure can be attributed to closed and opaque models — think about it: FTX, Celsius, even Luna to a large degree… Don’t trust Twitter as much as you should trust GitHub… Let’s do a better job this time; let’s make better mistakes tomorrow.” — Greg Osuri, 00:59:17

Context: Closing thought urging the industry to self-regulate before governments do, and to evaluate top-100 tokens by their source code rather than partnerships. Quote spans [00:59:17]-[00:59:58]; earlier part at 00:57:53.


AI makes a 10x engineer a 100x engineer

How Akash Skynet will unleash an AI future no one is prepared for (Interchain.FM)

“The amount of productivity we get is so high with AI. It’s unbelievable. And if you know how to use the right tools, chain them together, you can build incredibly effective and proficient, like, processes, right? I think AI, it makes a 10x engineer a 100x. It doesn’t negate for a need of humans, but it just makes humans better.” — Greg Osuri, 00:33:39

Context: Personal anecdotes — Copilot letting him ship an API in two hours instead of a day; he places himself in the accelerationist camp against “the doomers” ([00:34:24]).


Doctors go from 10 patients a day to 100 with AI

How Akash Skynet will unleash an AI future no one is prepared for (Interchain.FM)

“I think the pattern is going to be like, if today, if you deem a doctor can serve up to 10 patients a day, tomorrow’s doctors will be able to serve up to a hundred patients a day. Right. I think doctors are not going to go away. I think they’re just going to get better with AI. And that means more accessible healthcare.” — Greg Osuri, 01:06:05

Context: Part of an extended riff on proactive AI health monitoring of his own sensor data; he later revises upward: “Now it’s going to be a thousand patients a day because of AI” ([01:09:43]).


The state's crypto overreach is temporary

How Akash Skynet will unleash an AI future no one is prepared for (Interchain.FM)

“I think this current overreach by the state is just temporary. Like, I don’t see this lasting in more than, you know, maybe a few years… Government tends to, you know, anything they deem to be a threat, they tend to take an adversarial position. And eventually, they learn that it’s actually helping them.” — Greg Osuri, 01:33:24

Context: Citing the crypto wars of the 80s/90s as precedent; he argues Akash-style real-world problem solving (“secondary market for GPUs will make America a lot more competitive,” [01:39:20]) flips the regulatory framing.


Bull-market thesis: ETF trigger + cheaper money + degeneracy

Akash: Crypto's AI Supercloud W/Greg Osuri ($1 To $1 Million Podcast)

“I think a Bitcoin ETF is going to be a big trigger… then you need the cost of money to come down — the Fed pivoting to lowering interest rates… whenever these three things come together — you need [a] trigger, you need cost of money to go down, and you need these degeneracy patterns to come up — that comes a bull market. That’s my thesis.” — Greg Osuri, 01:15:33

Context: Answering the host’s stock question on when the next bull run starts (Dec 2023, pre-ETF approval); prefaced with “I’m an engineer, I’m really bad at predicting these things.” ETF trigger line begins at 01:14:49.