The best entrepreneur of the next decade is out there somewhere raising at a sub-$10m valuation and struggling to get it, building in crypto which investors aren't thinking about. That's just how it works.

Addiction to signals creates Burj Khalifas since we got ‘retail’ to participate in various ways, they have no way of knowing what to bet on (with their time and money) so they look for signals like: a bug VC or a chain tweeting about a product or a KOL this pumps resources into wrong projects. and it also encourages founders (many times good founders) to bait CT this creates burj khalifas of attention and token charts alike Monad will win if we solve this alone how? by NOT paying attention/$ to projects unless they show the only unfakeable signals: Shipping and Retention only then you support a project that motivates founders to think about their ICP, a Delta 4 product, and a core loop that keeps users coming back

a16z and specifically Chris Dixon gave us a clear vision: Read, Write, Own from their podcast (where they barely talk about crypto), it seems like they think it is now plumbing for other technologies this is actually a victory but i don’t believe that this is all there is Dixon’s book writes about various use cases of a public distributed ledger i am still bullish on - onchain social - user-owned gaming assets - DAOs (and Agentic Autonomous Orgs) - capital formation and community participation in early stages - NFTs as art / provenance for art - DePin networks seeded by tokens - IP creation/licensing launchpad one thing this industry has failed at is valuing tokens and using them fairly ironically, i think AI will create a need for these use cases but i am quite naive. if you are naive as well, let’s build

there is so much work to do once again asking for a dev who is AI-native tbh this is still hard to find. last 20 devs i talked to ‘think’ they’re at the edge of AI coding. but they’re absolutely not. far from it. and in denial you will work on some of the most challenging things and be paid very well best way is to brag about your setup and/or products you churned out this weekend

tangential but everyone wants to be an angel investor once they make their first chunk of money it looks sexy to people it doesn’t make money. nowhere close to what you can make just trading stuff bragging rights to ‘i was first’ come with a lot of lost money —- flipside, founders should not accept money from angels who do not understand this

future belongs to those who create the most meritocratic systems yc, superteam, even protocols like pumpfun features of these systems - start with a leader with great judgment of people - leader removes themself as soon as minimum viable community is reached. stays as an arbiter in special cases - layer 2 maintains the culture - mechanics maintain meritocracy - people try to game it. system punishes them visibly - vintage doesn’t matter as much as contributions/potential does these are somewhat visible whats not visible - clear values and anti-values - bonding this applies to products, communities, ecosystems and countries

"At NASA, a design change required 3 meetings, 2 committees, a review board, and 6 to 18 months of documentation. At SpaceX, his new supervisor said "if it works, build it. If it doesn't, change it by Friday."

it is absolutely insane what elon has done for humanity it actually makes no sense electric, self-driving, flying cars -- openai, reusable spaceships, planetary expansion, new internet network that decides wars, paypal, x, solar, neuralink, hyperloop brother how???

farcaster changed hands twice in ten months. merkle to neynar, neynar to balaji's network school yesterday it is now the Network State Protocol. accept a social smart contract, mint an nft, keep posting. decline and you are read only. ai enforced code of conduct, proof of personhood coming my timeline is calling this censorship. that take is lazy and i think Balaji is justified network school is a physical place. residents, families, kids. you cannot run a real community with a real address on an unmoderated feed full of bots and ragebait. the singapore style conduct code is downstream of the product he is actually building, not a growth hack. and an explicit constitution you sign is more honest than a 40 page tos nobody reads plus a moderation policy that changes quietly if you want to live there, those are the house rules. fine. his house the problem is the sentence everyone is repeating to make this okay: if you don't like it, take your stuff and leave you can't there is no second client with real users. people keep naming hypersnap, which is one niche app, not a market. and only your id and your keys are actually onchain. your posts, your follows, your history and your discovery live in off chain nodes that the new owner runs so you can take your name and leave your life that is what sufficiently decentralised means in practice. decentralised enough to say the word, not enough to use here is the part that bothers me most. Balaji's product is legitimate and he should never have had to buy the substrate to ship it. a family friendly, moderated, proof of personhood client is a great thing to build. it should be one client among many, sitting on a graph nobody owns, and the people who don't want those rules should keep every follower they have while scrolling somewhere else >>> he had to acquire the protocol to run a client. that is the indictment what it should look like - graph fully onchain. wallet is your identity, no registry, no signup - posts signed by you, stored outside any single app, anyone can index them - feed and moderation are modules you choose and swap in one tap - default client open source, forkable in under an hour - nobody can sell it because nobody owns it then you don't need a referendum. you need a market. balaji runs network school rules, someone runs something looser, same graph underneath, and leaving costs you nothing >> acid test for any social protocol: can it be acquired if yes it was a company with good branding building this. thesis and group chat are open TG Vision

State of Onchain Social - We got the first good attempt by Akhil. Identity to v0.1 of customisable feed - @bensprks (who worked on Lens before) has joined the community - TG group is not 56 members: - Balaji acquired Farcaster - I could vibe code a graph on monad in one night to experiment. this is not hard anymore

i will pay a monthly stipend to a teenager who can do this on a dedicated twitter / insta handle every day i want to wake up to these things instead of Raga crying for no reason. maybe others want it to who wants to do this?

here you go bhai, a few from just the last two weeks: IMF raised India’s FY27 growth forecast to 7%, while it’s downgrading most energy importers. india pulled $351 BILLION in greenfield FDI from 2021 to 2025, more than double that of China. the navy launched its first indigenous 43,500-tonne fleet support ship. HAL delivered its 2,000th aero-engine and is scaling su-30 engine output from 30 to 50 a year. india added about 29 GW of solar in 7 months, and module manufacturing crossed 200 GW. the women’s hockey team beat china for its first ever asian games gold. onion prices are brutal, fair. but “no positive news” isn’t true.