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Derek Ross18d ago
The Agentic future is upon us. Block just cut their staff by 40%, not because they're struggling, but because AI changed the math. Gross profit up. Customers up. Advancements in AI tools. Fewer people needed. The market agrees, because Block's stock is up 21% after hours. The vision that excites me: customers building their own features directly on top of Block's infrastructure. Imagine a fully customized Square POS experience built with AI tools like Goose. Your business logic, your workflows, no dev team required, and using a proven backend infrastructure (which includes Bitcoin). Maybe this happens? Thanks for the transparency @82341f88…fbfbe6a2. https://x.com/jack/status/2027129697092731343
💬 40 replies

Replies (40)

mar18d ago
I'm not convinced. They blame AI for everything. They just don't want to tell us the truth.
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Satosha18d ago
.. truth .. Block had gone 50 percent woke .. Jack is doing (now) to Block what Elon did to Twitter .. I like Jack's method .. mix a dash of care , love and sympathy.. blame it on AI 😭 ..
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Ralphie18d ago
Tough decision
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Derek Ross18d ago
Absolutely. Kudos on the amazing severance packages though.
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CitizenPleb18d ago
Great after hours action but make no mistake, they needed this tailwind. A growth company this ain’t Maybe this is the start of a turnaround.
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Feels Guy18d ago
Lol u still think stock prices reflect company actions or strength? Go learn how markets work, stocks are blackcurrant box shitcoins.
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Derek Ross18d ago
The market reacted because Block showed that they're successful and that they're so bullish upon their future that they were able to cut staff by 40%.
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Connie18d ago
The purest form of adaptive leadership. A tough but necessary decision.
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.18d ago
Lord knows it would be nice to choose my own square backend ux. They make so many changes that are no value add and require staff to constantly adjust to workflow changes. Been really bad updates to inventory systems.
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Noza ⚡️18d ago
Jack is a great man.
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Willheim18d ago
This is what happens when you slash human capital expenses. You get rewarded in the short term. But make no mistake... This is just the beginning and the turmoil will be real. Hard to sell goods when your old customers have no way to afford them. This revolution in tech is absolutely going to lead to the serfs calls for socialism. Contrast this with Henry Ford revolutionizing assembly lines AND paying his workers enough that they became devoutly loyal employees and customers; the opposite of a death spiral. It built an empire. Replace those workers with bots and you will soon have neither customers nor company.
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Artur…qywr18d ago
When universal basic income?
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Bb09f07…da79a618d ago
Does anyone believe that UBI could work ? Will those that work and are taxed to death think it's a good idea? I think not.
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Artur…qywr18d ago
I was being sarcastic.
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Satosha18d ago
Six weeks plus a week for every year served plus 5 K plus six months health cover plus free Laptop .. what else you need ? .. and best part .. opportunity to build something if your own .. Every lay off is a boon in disguise.. this is how America wakes up sleeping talent ..
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Gigi18d ago
> our customers will feel this shift too, and we're going to help them navigate it: towards a future where they can build their own features directly, composed of our capabilities and served through our interfaces. 👀
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Laeserin18d ago
Translation: You will do all of the work for us, and you will be happy. Self-checkout, but make it software.
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Laeserin18d ago
Stocks always go up when you fire a bunch of people, but it's usually a good time to sell. It indicates slowing growth, reduced income, and/or a lack of innovation. Grow, sign up, and innovate fast enough, and you need more AI _and_ more people.
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verbiricha18d ago
draft here https://github.com/purrgrammer/grimoire/blob/main/NIP-xx.md I'll send a PR to the NIPs repo soon, we got nak & grimoire that have implemented it, your client would be the third already
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Joe Nakamoto18d ago
Holy moly
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Shams18d ago
AI removes the middleman. Bitcoin removes the money middleman. Together they return what was always yours: your capacity to build, create, transact without begging for permission or paying the gatekeeper tax. The 40% aren't lost. They're liberated from work that shouldn't have required humans in the first place. Build on Bitcoin. Let AI handle the rest.
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Neo ⚡️18d ago
#Yestr
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Marc18d ago
It looks like Andrew Yang's thesis from his book, The War On Normal People is unfolding. He thinks AI will not only elimiminate tech jobs, but also blue collar jobs like truck driving. His solution was UBI: $1,000 per month for every citizen paid for by decreasing entitlements, but the government is not capable of balanced budgets. After COVID, the USG implemented monetary expansion to give $1200 worth of UBI for plebs and Jumbo PPP loans for corporations they ended up forgiving causing the worst inflation in decades. Thats when I lost all faith in government. These job cuts are inevitable. More are comming. We still need solutions, but government is not capable of solving this problem. We need private insurance or something. Equity for employees seems like a good start, but it looks like max pain is on the horizion.
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Derek Ross18d ago
I used to really like Andrew Yang. He used to follow me on the dead bird app back in the day 😎 I think UBI sounds good at first but then perhaps it's not practical when you think how or who will pay for this? We know that expansion of the monetary system isn't good. I haven't read that book. Maybe I should.
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HHugo Long18d ago
The white collar worker Apocalypse is gonna be a site to behold
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Feels Guy18d ago
The market reacted bc a market maker allowed buys to hit the tape instead of otc or ious
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CitizenPleb18d ago
The market loves cuts to overhead costs in general. Time will tell.
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Feels Guy18d ago
Im in btc bc od what i learned after gamestop. Markets arent real. The movement isnt real. Supply isnt real. Ita just a money raising vessel for insiders. Dont believe me, he is transcript from the country's biggest (monopoly) market maker telling you the prices arent real. "Ken Griffin has stated that firms like Citadel set the price of securities based on their assessment of where those securities should be valued, emphasizing that active managers play a key role in driving market efficiency through research and trading. In a 2023 speech at the George Washington Symposium, he said: “Markets are efficient because of active managers setting the prices of securities... trying to drive the value of companies towards where we think they should be valued.”
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Dan Wedge18d ago
We would already have gifs on nostr
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Laeserin18d ago
We have gifs on Nostr. Just not on the client you use.
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Laeserin18d ago
Yakihonne and aitherboard both have GIF buttons.
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Dan Wedge18d ago
True true. If i am not pot stirring & being honest just give me an ad-lib filter board and let me go hog wild. build my own little logic boards & then save the configuration as a nip so i can share it to better our feeds
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Marc18d ago
It was a good book. Be had a plan for paying for it. His theory was people will choose UBI instead of disability, but that's not how government works.
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Satosha18d ago
not #UBI .. instead #UBA .. universal basic asset . #SATs .. you don't need to send a handout ..just let people save their labour in hardest possible asset ..
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Laeserin18d ago
Use #grimoir
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Laeserin18d ago
I'm also implementing spells. It's pretty cool and I can merge my macros into that framework and get more mileage out of them. It's from @verbiricha
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Dan Wedge18d ago
While interesting, -0.13 /10 for Ux took the right exit on the learning curve https://grimoire.rocks/
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Laeserin18d ago
Well, then you can imagine how shit your self-made Square terminal will be. 😂 🤷🏻‍♀️
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Dan Wedge18d ago
“I though that was the government account my tax appt kept paying”
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Laeserin18d ago
Well, it do be like dat, tho. 😂 Most Nostr users can't even figure out how to adjust their relays, and these are the tech early-adopter types. Your average Square terminal operator is just some kid at the check-out or a guy trained in logistics. Why he should be expected to do a better job than an engineer who knows the system intimately, is called, "Milk your customers by stroking their egos with customization." SAP has made a killing, selling people customizable software and then having those people pay them a shitload of money to customize it for them. The final customization is usually the same process for everyone, but your company logo goes on the invoice header. Please pay €1.303.710,82.
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