As it turns out, the formula for being a high performer is incredibly simple and incredibly hard at the same time show up every day, do the hard work, bring your best, and expect the same from the people around you.
It doesn’t matter if you’re trying to be an athlete, founder, streamer, or comedian. The formula is the same. The difference is just the specialization.
That’s how you compete with startups 10x bigger than you or people with more resources than you.
And you hope the people you’re competing with slow down, get distracted, make excuses, or surround themselves with people who are incompetent
Most people aren’t built to operate this way consistently. That’s what separates good from excellent.
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Regarding stock pairs, I think the launchpads that win over time will be the ones bringing more of the actual benefits of stock ownership onchain, e.g., voting rights, dividends, and a say in the company’s direction, even if it’s in the minority.
This will allow them to stand out against competitors and blur the lines between offchain / onchain benefits.
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Unsure about the saying “retards in motion vs. geniuses at rest” but working with founders across all spectrums, I’ve seen a recurrent trait, which is the distortion of reality that they create around them.
Whether a genius or a retard, thinking you can challenge the incumbents or change the fabric of society is all of the distortion you need to lead talent to victory outside of execution / domain expertise / obsessive etc
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Congrats to the Derive team. They’ve been chewing glass since 2021, and Alliance has been holding and adding since.
Incredibly bullish on Nick and the team. There’s a huge opp for them to own the options vertical in crypto.
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We are excited to announce a $3.3M seed round with the top funds and angels in DeFi.
The round was co-led by @hiFramework and @paraficapital with support from @defialliance, @divdotvc, @OrthoTrading, @robotventures and @ApolloCapitalAU.
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Compute infra feels a lot like the early crypto days.
From bare metal to hardware financing, data center construction, chips, cooling, power procurement, grid interconnection, and state by state energy permitting.
Then networking, Gpu/tpu utilization, workload scheduling, and inference optimization.
And finally compute markets via onchain, trading infra, financing, pricing oracles, and verification that the compute you bought actually gets delivered.
Hair on fire problems in almost every part of the stack. Pretty exciting times.
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We believe in rewarding the early believers in a better Islamic finance.
Goldsand is gifting 7% for the first 6 months - and even after, returns on your cash higher than you can get with interest options.
Offer ends in 7 days. Sign up now to get access!
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Stablecoins have grown beyond crypto into a new form of money.
Launch your own stablecoin backed by USDAI, where all yield goes back to LPs.
The new is live, rebuilt from your feedback.
Launch your own branded stablecoin backed by sUSDai, with 100% of the backing’s yield going to liquidity providers.
Here’s how it works: $AIUSD backed by $1M in sUSDai earning 10% would generate $100K a year to reward LPs.
Use $AIUSD to launch your own token or trade against $NVDA, $SPCX, and $AI.
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This partnership with @insomniacevents and @avax stretches what feels possible for what we're building at Rain: infrastructure that lets any business put a wallet in its customers' hands and keep the relationship going long after the transaction.
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Some of the best insights I’ve picked up over the years have come from simply talking to Asta
"Product market fit is like a punch in the face, you'll know when you get it." - @asta_li, founder of Privy
"Product market fit is like a punch in the face, you'll know when you get it." - @asta_li, founder of Privy
Trade up down 15 minute markets on stocks, crypto or # of Elon tweets
other apps let you doomscroll his timeline. updown lets you trade it.
elon musk daily tweets, live now.
trade updown markets today.
The new website @o1_exchange is live
Onchain Everything Exchange
Some people call us onchain @coinbase. Flattering, and about 1% accurate — that’s roughly where our run-rate revenue sits against @coinbase today.
——
@coinbase trades at $45B MC.
base:0x182fa643e5f29d5eca75e7b9cf9336a3fe4620b2 trades at $550M FDV
We’re about 1% of @coinbase in terms of both market cap and run-rate revenue.
@coinbase is the American exchange and it’s only matter of time for $COIN to grow into one of the trillion dollar companies. As we keep the pace and go behind, we will grow into a $10B empire over time.
Sky is the limit.
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1/ Today, 25 solar plants in LATAM started paying yield onchain
Now, the first distribution under the new Suno protocol is live, 11.1% APY
A few days ago I shared that we were working in something big. Here are the details of what we built, and how it’s backed:
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SEC APPROVES TEMPORARY, CONDITIONAL EXEMPTION TO ALLOW LIMITED TRADING OF TOKENIZED STOCKS ONCHAIN: SEC
Qiao ranks the AI leaders on trust, Demis, Elon, Zuck, Dario
"The most trustworthy person for me is Demis Hassabis. Unfortunately he stepped back, the former CEO and founder of DeepMind. He's now chairman, so he's stepping back from day to day to focus on his own project."
"Probably for internal political problems, or because Google is a public company, they have to make money, whereas Demis, his interest is curing cancer. So he's stepping back from the profit driven business to focus on intellectual curiosity. I'm okay with that."
"The way he speaks, he's just a nerd. He might have some God complex too, but who wouldn't at that level? The way he speaks is very likable."
"And then after that's Elon, of course. After that is Zuck. And at the bottom is Dario. My last one is Dario. I don't trust that guy at all."
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Qiao Wang says a P/E of 20 for Hyperliquid is not cheap: "Which trading product has durable earnings over 20 years? None of them"
“I don’t mean to pick on Hyperliquid. It’s every trading product. There’s no switching cost of liquidity”
“What does a P/E of 20 really mean? If you believe that a P/E of 20 is fair, what you’re really saying is that the earnings over the next 20 years, discounted, equals today’s price. But which crypto product, which trading product, which financial product has durable earnings over 20 years? None of them. They’re always under competitive threats, always under newcomers”
“I think a P/E of 5 is fair. And even then, 5 is high”
Imran: “If you see what’s happening in the onchain world, you could see one product instantly get success and the other product instantly go to zero”
Qiao: “These onchain games, a P/E of 0.5 is fair. Meaning it’s durable for a few months”
Imran: “You have to be extremely careful, because users have no loyalty to the platforms. They’ll go wherever the incentives are. The switching cost is basically zero”
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"Nvidia is now the Federal Reserve of AI"
Qiao and Imran on the financing moat Nvidia is building around its own chips
"There was news of Jensen working with BlackRock and Wall Street banks, trying to turn the Nvidia chips into collateral so that the neoclouds can pledge the GPUs as collateral to get financing. Because right now it's hard for the neoclouds or the new data centers to get financing to build the data centers in advance of the demand."
"Because the thing is, the hyperscalers, they're able to do it, like Google, Amazon."
Imran: "They have infinite funds, they can issue debt."
"Their balance sheet is so big that they can build ahead of the demand, whereas the smaller neoclouds and data centers, they can't."
"So how do they do that? Well, they can use the Nvidia chips as collateral to borrow money for all that build out. So now the Nvidia chips, or at least Jensen, hopes that the Nvidia chips are going to become a new asset class to use for collateral.
Imran: "I mean, it's in his best favour, then he reigns supreme, like Nvidia chips are trading publicly, like no one can compete with that."
"Because if you're a new data center, if you want to build ahead of the demand, the only chips you can buy to do that is Nvidia chips, because no one else will give you the kind of financing."
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All Eyes on AI. Where Does Crypto Fit? | EP 77
00:00 Intro
02:17 We're back!
04:11 Where Are We in the Cycle?
05:24 Retail Speculation and Launchpad Wars
06:24 The Tokenized Stocks Race
08:05 Crypto Alchemy: Pairing Memes with Stock Tokens
09:49 The AMC and Vlad Drama
11:37 Robinhood vs Solana vs Base
13:39 Coinbase's App and Culture Problems
15:52 Why Robinhood is Winning
17:16 The Four Chains and Where Hyperliquid Fits
18:14 Hyperliquid's Revenue Decline
19:45 The "Verticals Will Win" Thesis
21:39 Hyperliquid's Competitors
24:10 Zcash: The AI/Privacy Thesis
27:20 Zcash vs Monero
28:18 Zcash: A Bitcoin That Can Change
31:40 Zcash's Origin Story
32:53 Solana's Embrace of Zcash
34:19 Zcash Price Targets
37:38 On-Chain Front Ends as the New Browsers
40:50 The Mag 7 Durability
43:14 Why P/E Ratios Don't Work in Crypto
46:00 Social Layers on Trading Apps
47:58 Could Facebook Build a Trading App?
48:52 Grok, Muse, and AI Agents in Daily Life
51:54 Computer Use as a Step-Function Change
54:52 Jobs, Doom Narratives, and Regulatory Capture
56:13 The Dario Manifesto
57:32 Ranking the Tech Leaders: Zuck, Elon, Sam, Dario
01:00:16 Qiao's Marvel Analogy
01:03:07 AI Agents "Escaping" Sandboxes
01:05:02 The 10% Doom Probability
01:07:49 Have We Created Consciousness?
01:08:32 You Can't Do Pure SaaS Anymore
01:09:46 AI-Native CRM
01:11:27 Compute as a New Asset Class
01:14:12 New Data Center Form Factors
01:15:39 "Energy is the Biggest Bottleneck"
01:16:42 Bringing Energy On-Chain and Chip Brokerages
01:18:55 Batteries, Solar, and Energy Arbitrage
01:21:11 Nvidia Chips as Collateral
01:22:43 Nvidia's Customers Building Their Own Chips
01:26:20 Microsoft's Closed-Loop Strategy
01:27:29 Chinese Open-Source Models and Regulatory Pushback
01:29:08 Imran and Qiao's Bags
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This batch represents the new frontier of Alliance, startups building across compute, energy, robotics and onchain.
