> ## Content Index > Fetch the complete content index at: https://larrysalibra.com/llms.txt > Use this file to discover other available public pages before exploring further. # Larry's Weekly Newsletter - October 11, 2026 - URL: https://larrysalibra.com/newsletter/larrys-weekly-newsletter-october-11-2026/ - Published: 2026-10-11T15:59:00.000Z - Updated: 2026-10-11T16:23:34.000Z - Author: Larry Salibra - Tags: newsletter, weekly Hello friends! I hope you have enjoyed the past week. We had took a short 3 day vacation to Macau with our son. His first "official" vacation went smoothly and was enjoyed by all. Below, please find my posts from the past week. Yours, Larry [Adverse selection & crypto foundersThere’s very much an adverse selection problem in the crypto industry. The people that you’d actually want to start a wallet company, a security company or a crypto exchange are very often the least interested in doing it. Take, for example, bitcoin exchanges. There were two major challenges![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/icon/favicon-01c2fc5e-7f94-4516-97fb-0835c614c784.png)Larry SalibraLarry Salibra![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/thumbnail/larry-4-7ec2b3bc-89e3-4243-a6c6-ebd109a7a7d3.jpg)](https://larrysalibra.com/adverse-selection-crypto-founders/) [Newborn, mommy and peaceI originally tweeted this a few months ago in the middle of the night and then deleted it, mainly because I sometimes worry about oversharing: There is nothing more peaceful than a house with a newborn baby and first-time mother both sleeping soundly The context: it was the day![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/icon/favicon-05e61343-b04d-4ae9-be1a-f3a686ee248b.png)Larry SalibraLarry Salibra![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/thumbnail/larry-4-56be14f0-f4d1-4228-9638-a85bc7371c89.jpg)](https://larrysalibra.com/newborn-mommy-and-peace/) [Dear US AI labs, we don’t careIt’s great that there’s so much competition and progress in the generative AI space the past few years, but I can’t be alone when I say that I’m getting really sick of the drama coming from US frontier AI labs. It’s annoying how they pump![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/icon/favicon-c6b8c41d-3911-422e-9fdb-56e54eabf9c5.png)Larry SalibraLarry Salibra![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/thumbnail/larry-4-5065e4bb-2834-4d90-a9d4-6d90751d7d92.jpg)](https://larrysalibra.com/dear-us-ai-labs-we-dont-care/) [Crossing the street in one country, two systemsIn case you haven’t been following along, I’m in Macau for a few days. Macau was handed back to China 27 years ago in 1999...two years after China resumed sovereignty over Hong Kong in 1997\. One would think that over three decades that behavior would have converged![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/icon/favicon-4ba6e47c-d32c-455a-9d29-e3120a5cb903.png)Larry SalibraLarry Salibra![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/thumbnail/IMG_2689-0cbb0fbc-4feb-44d8-af5d-bb3cac351f0f.jpg)](https://larrysalibra.com/crossing-the-street-in-one-country-two-systems/) [Day 90 and baby’s first vacationI’m writing this in a dark hotel room with a sleeping baby. We decided to take a first vacation with our baby across the bridge to Macau as a practice run for future travel. We took advantage of the Macau park and ride scheme for Hong Kong cars that![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/icon/favicon-22d484b9-af87-40a2-897b-fce68e160289.png)Larry SalibraLarry Salibra![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/thumbnail/larry-4-20148c4c-0606-4d9c-9bc7-e493616c8549.jpg)](https://larrysalibra.com/day-90-and-babys-first-vacation/) [Chinese involution is perfect competition“Enshittification” is a sort of “safe horny” term for what is really just outright impoverishment and declining living standards due to economic insolvency from deindustrialization, demographic decline, hyperinflation, etc. You are just de-developing and becoming poor. -Marko Jukic on X “Enshittification” is a term that was coined to describe![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/icon/favicon-6ce56533-bbd3-4c47-ba79-6c27cdd73d91.png)Larry SalibraLarry Salibra![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/thumbnail/neijuan-1af6d707-70a9-4ca0-9c1b-ab5156e10ade.jpg)](https://larrysalibra.com/chinese-involution-is-perfect-competition/) [Hong Kong’s perfect real estate marketHong Kong is perhaps most infamous for its high-priced and cramped real estate. And its infamy is well-deserved. Prices are high, quality is low, and, despite that things move very fast. A side effect of Hong Kong’s high real estate prices are the efficiency with which the![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/icon/favicon-ff365d92-a399-4287-957b-331fe12927f7.png)Larry SalibraLarry Salibra![](https://storage.ghost.io/c/e4/74/e474b4cb-cbee-4c30-844d-ae523b708967/content/images/thumbnail/larry-4-bf3bb260-b0b0-4693-9d16-a76e17c81747.jpg)](https://larrysalibra.com/hong-kongs-perfect-real-estate-market/)