The books I’ve read so far this year.
What should I read next?
You have 30 seconds to explain the value proposition of $ETH to someone new, what do you say?
The people changing your life are rarely the ones trying hardest to convince you they will. They’re often just the ones standing alone and are the ones asking questions instead of collecting followers, people who are still wrestling with problems instead of polishing answers, the ones who leave conversations having made you feel more interesting rather than themselves.
preach.
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T-3 days before Vlad hits his first
@inversebrah to canonize himself into CT.
this website turns a ETHBTC price chart into a war
- coinbase feed moves the front lines
- 100+ real CT accounts on the field, sized by follower count
- rainbow airstrikes, dogfights, live battles
- view live feed, or relive the merge, altszn, covid crash or defi summer price action
(url in first reply)
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this is almost too real for the timeline😄
This is very good advice and one of my favorite things to do.
So real, but it doesn't have to be like this. The way out of this is simple: Give me a stablecoin panel to moderate. you will see what moderation means. If one of my panelists dare to lie on stage, I will crucify him with receipt. If they are serving soup, I will shake them. We just need to have organisers that are not scared of having proper discussion happening at their events
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(1/2): I have met this person at nearly every crypto conference I have ever attended, and by now I can usually identify him before he even reaches the registration desk, because he arrives wearing the unmistakable expression of a man who has crossed three time zones, answered forty-seven Telegram messages from people he does not like, and paid twelve euros for airport water in order to be physically present at a gathering devoted to the future, only to discover, almost immediately, that the future appears to consist largely of men standing beneath purple lighting and discussing distribution.
He checks into the hotel, opens the conference app, scrolls through a schedule containing panels called things like “Reimagining Coordination at Scale” and “The New Institutional Frontier,” and feels, for one brief and embarrassing moment, the stirring of hope, because perhaps this will be the one, perhaps this will be the conference where somebody says something real, where a conversation escapes the gravitational pull of fundraising announcements, ecosystem grants, and whatever the phrase “go-to-market motion” is currently being asked to conceal.
By ten in the morning he has received a tote bag made from allegedly regenerative fabric, a metal water bottle that leaks from the lid, a lanyard large enough to function as a municipal permit, and three invitations to side events taking place simultaneously in different parts of the city, each one described as “intimate,” despite having eight hundred RSVPs and a DJ flown in from Berlin.
He goes to the first panel.
A founder says we are still early and venture capitalist says the next billion users are coming. Eventually a moderator, with the glazed composure of somebody who has already moderated this exact conversation in Singapore, Dubai, Paris, Denver, and a yacht off Mykonos, asks what needs to happen for mass adoption.
Everyone agrees that UX must improve and the audience nods with the solemnity of a parliamentary vote.
Nothing has technically been said, but the applause is loud.
By lunch he has participated in six conversations, all of which begin with “What are you working on?” and end with “We should definitely find a way to collaborate,” which in conference language means that both parties will add one another on Telegram, exchange a fire emoji beneath a future announcement post, and never again occupy the same emotional universe.
He meets a man building infrastructure for autonomous agents, although the infrastructure is not yet built and the agents are not yet autonomous. He meets another man launching a protocol for decentralized reputation, who spends most of the conversation explaining which well-known investors already trust him. He meets a founder who says he is obsessed with user sovereignty, then glances every twenty seconds toward the entrance in case someone more important has arrived.
By the evening he is standing in a cavernous venue once used to manufacture turbines, now filled with dry ice, ornamental lasers, and several thousand people discussing credible neutrality while trying to get past a velvet rope.
There is free food, technically, although it consists of two miniature tacos placed on a slate tile by a person wearing black gloves, and there is free alcohol, abundantly, which may explain why the revolution against extractive intermediaries has temporarily organized itself around a sponsored bar requiring three wristbands and a QR code.
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Why AI needs $ETH.
For humans, trust emerges socially but for AI, trust must emerge economically.
$ETH is therefore not just a currency for AI but the price of participating in a trustworthy digital civilization.
The way Ethereum works, and this is unique to Ethereum is that: the more valuable $ETH is, the more secure the Ethereum network becomes. The more secure the network becomes, the more reliable its history, ownership, and commitments become. And the more reliable those become, the more AI systems can treat Ethereum as a shared reality rather than just another database.
AKA Digital trust itself is an asset, and it’s only getting scarcer because today’s internet is growing in value but shrinking in trust.
Ethereum is where this missing trust can be enforced and Ether is what prices it.
Without it, a digital civilization of agents cannot form, they simply will lack the ability to trust each other without a central authority creating their reality (which is just dystopian).
Check out ERC 8004 for more.
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Ethereum is entering its renewal phase.
there are 4 core narratives in crypto right now:
-perps
-stablecoins
-prediction markets
-tokenized equities
- ethereum is capturing a serious share of the perp market through lighter L2 and that share looks set to grow
- ethereum mainnet currently holds 50% of all stablecoins
- when it comes to prediction markets, there isn't a single chain that can even compete with ethereum right now (polygon = evm = ethereum) (thank you for your attention to this matter)
- on tokenized equities it's clear that ethereum will be the leader through robinhood L2. especially when you consider that 99.69% of tokenized stock volume on solana is wash volume
on top of all this, memecoins which will genuinely onboard retail that has never touched crypto are organically starting to run on robinhood l2
if you aren’t bullish on ethereum:native while it literally holds every single major narrative in its hands, you are strictly choosing to stay poor
$10,000
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Another great benefit of RWAs is that when assets go onchain, they become far more programmable.
Bringing more assets onchain basically does to finance what the Internet did to information.
It’s why I like to say that Ethereum is the Internet of value.
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The real world assets onchain thesis:
Real world assets onchain allow people around the world to access assets that are otherwise not accessible.
Global access has always been the most interesting aspect of crypto and it’s also why BTC, ETH and other coins have succeeded to date. Coins that have enabled net new behaviors and are built on a deep belief in something beyond money are not going anywhere. But people now understand that when the cost of token creation is 0, tokens pump but later dump to 0. The pump era is ending and this is great for onboarding new users.
What’s left is a massive wave of consumer adoption led by tokens backed by real world assets. It’s well underway with stablecoins but will accelerate in the next year with stocks, commodities, gov and corporate bonds, real estate and more.
Real world assets classes that are still nascent in their own right have most upside, so personally believe real world collectibles (sports cards and jerseys) onchain is the absolute best place to be building and investing rn.
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Few understand what this type of headline does to the TradFi mind.
Brian Armstrong and Vlad Tenev going head to head on Ethereum via their L2s is like JP Morgan and Goldman Sachs going head to head in New York City via Wall Street.
The city wins regardless.
words matter
the ethereum project is near and dear to me because everyone, even people new to it, says “we,”
as though they’ve been building it this whole time.
the ability to feel like you are a part of it, can shape it and make it better, is its most important property.
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This analogy is not shallow:
↠Democratic Republic via stake governance and forking
↠Asserts a natural right to bear cryptography
↠Protection from search and seizure
↠Mechanisms to avoid concentrations and abuses of power
↠Deep assumptions of personal-digital responsibility
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