Derek Ross on nostr

Open in Damus

@Derek Ross 1772160596

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 @jack.

https://x.com/jack/status/2027129697092731343

434❤️19❤️2👍2⚡1🔥1🤙1

I'm not convinced. They blame AI for everything. They just don't want to tell us the truth.

CitizenPleb · 1d

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. https://i.nostr.build/o6du4wqzNIsEhdC2.jpg

The purest form of adaptive leadership. A tough but necessary decision.

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.

Noza ⚡️ · 1d

Jack is a great man.

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 le...

Artur…qywr · 1d

When universal basic income?

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 ..

> 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. 👀

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.

Joe Nakamoto · 1d

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 t...

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 i...

Hugo Long · 1d

The white collar worker Apocalypse is gonna be a site to behold