This week the AI does the segment before we do: a fully AI-generated take on Venice AI's $1B raise — cyborg avatars, cloned voices, takes we mostly agree with — then the real us react: Voorhees history (Satoshi Dice, ShapeShift), the "provider sees and likely saves your prompt" privacy model, and why local frontier AI is a $50K leaf blower in your living room. Then Perp of Fortune returns: Fable reads the news, goes LONG crude at 20x with $100 real dollars ("Iran is back"), gets rate-limited mid-trade, and Opus has to finish placing it. Plus: not all USDC is worth a dollar (chain drift, bridged vs native, why your burrito money depends on which chain it lives on), and BonkDAO loses $20M to a guy who bought the vote fair and square — and still lost money. Love of the game.

Glossary — Venice AI: Erik Voorhees' private/uncensored AI platform, $65M Series A at $1B; real TEE privacy is the paid tier. Perp of Fortune: our tiny real-money leveraged-perp bit on Hyperliquid, AI-picked this week (LONG XYZ:CL, 20x, $100 margin). Chain drift: the same stablecoin priced differently across chains. BonkDAO heist: $4.3M buys 1% of supply, passes a "send me the treasury" proposal, drains $20M.

Chapters: Cold open (0:00) · 3-2-1-clap welcome (0:43) · Gamer thumb week 3 (1:46) · The AI-generated Venice segment (4:26) · Panel reacts: Venice & Voorhees (9:55) · Local models (18:56) · Perp of Fortune: Fable picks the trade (27:08) · USDC chain drift (33:53) · ENS is cancelled (44:12) · BonkDAO's $20M heist (50:01) · The fill lands (50:45) · Heist math (53:50) · Tax guy (56:12) · Wrap: +$1.92 (58:35) · Post-credits (1:01:21)

Our opinions are our own, not our employers'. NOT financial advice. The Venice segment is 100% AI-generated and labeled as such.