The nilpotence theorem for the algebraic K-theory of the sphere spectrum

We prove that in the graded commutative ring $K_{*}(\mathbb{S})$, all positive degree elements are multiplicatively nilpotent. The analogous statements also hold for $TC_{*}(\mathbb{S};\mathbb{Z}^{\wedge}_p)$ and $K_{*}(\mathbb{Z})$.