One thing that speaks volumes about crypto talent is that the average unemployed capital allocator is 1000x more interesting and insightful than the average builder

Template to gaslight retail investors into buying [INFRA USELESS TOKEN]: [My BAGS] is an index on crypto adoption In the early 2000's if you were bullish on internet adoption but had no way of knowing which web apps would win, one of the best ways to express that thesis would have been to buy cloud platforms which provide the raw computing resources for businesses to host web apps. This would have given you index-like exposure to the overall growth of the internet and its applications. Picks n shovels. And this would be lower risk than investing in apps directly since apps come and go, but every app needs infrastructure to operate. Most of all it would have been very lucrative trade as the top 3 cloud platforms now total over $3T in market cap. Fast forward to the 2020's and crypto adoption appears poised to enter an exponential phase. Regulatory clarity, institutional adoption, mature infrastructure, and improved UX all point towards dramatic growth for blockchain apps in the near future. But how can you express this thesis? In my opinion the answer is similar to what it was in the 2000's -- you want to own the providers of the raw computing resources that power crypto apps. In other words, you want to own decentralized compute providers like [MY BAGS] As crypto adoption spikes, so too will the total demand transact onchain. All those transactions have to land on someone's blockspace and so the total demand for blockspace/decentralized compute will go vertical. There aren't many L1s positioned for this level of growth in blockspace demand, but [MY BAGS] is. [MY BAGS]'s explicit goal is to scale blockspace production as much as possible to meet the future demand we believe is inevitably coming. So if you're bullish on crypto adoption, you ought to be bullish on [MY BAGS] If you're not bullish on crypto adoption, well then why are you here?

why do so many CT people speak in third person

megaeth's approach to ecosystem building doesn't work because the bigger a project becomes, the stronger their incentive is to leave the chain. This sends the ecosystem to zero in the long term since they will only be able to retain the worst projects they incubated and not the moonshots (Not bullish on GTE or any megaeth projects personally). It's an issue of basic human incentives. Once projects reach a certain scale, they naturally (and very validly) question why they should allow megaeth to capture and monetize their orderflow through sequencer fees when they could retain that value themselves. Another big problem is when a project relies on a counterparty (megaeth) that isn't live to ship their own products. This is extra execution risk that isn't even in your control (bearish megaeth, no project wants this) An extra problem with building on megaeth is that your token's TAM is constrained by megaeth's token market fit (This probably won't be the case in a couple years, but now it's pretty much a thing). This is not looking good for most L2's. Performance, which I guess is their main selling point, is just a commodity now. Why tunnel vision building only on megaeth as a serious builder? The lifestyle of a megaeth project should be something like the following: Get incubated -> Bullish stage, everyone's happy here because the relationship is quite symbiotic. Project's need to raise and megaeth needs ecosystem projects to raise to make it look like they're succeeding. Both parties benefit Projects start building their own relationships in the industry and realize that they might not need Megaeth. Some of these projects, especially the ones that have gained traction with investors, will realize that if they build on Megaeth, they'll always be capped by the success of the chain's token in a way and face extra execution risk. If the chain does badly, they'll do badly Bad projects that have no momo w/o megaeth will just remain on megaeth, so the chain experience won't be particularly interesting. They'll just retain the 'worst' projects It's quite funny because it very much mirrors Megaeth's evolution. Megaeth was incubated by ABCDE, which is an asian fund but they've slowly pivoted away from this association. You can also see this phenomenon on web2 incubators. The more a product is successful, the less important it is if it's a YC company or not. Same thing applies for megaeth. No serious entrepreneur wants someone else to capture significant upside on their project unless they get something very tangible in return. I guess for MegaETH this is early stage support, which works if they were an incubator but doesn't really work if they're a blockchain with a token megaeth is the next scroll, gte won't be the only project to leave

Was listening to threadguy's interview with y22 and remembered some obscure lore about horse racing: Parimutuel pools (the pools used to determine outcomes in this betting market) are actually the precursor to AMMs Both are systems in which prices are determined by collective liquidity pooled by participants rather than traditional order books Pretty interesting

Labubus are just Hypurr NFTs for women

This is not a test. This is your emergency broadcast system announcing the commencement of the Annual Fiscal Purge. Until 2028, all financial crimes, including rug pulls, market manipulation, pnd's and ponzis will be 100% legal. All SEC regulations are hereby suspended.

It's so weird when you see VCs fudding companies they couldn't get an allo into

So I (26M) went on a first date with a girl I matched with on Hinge. At first, things were going great — she was smart, funny, and we vibed well. Then we got to the topic of work, and I mentioned that I create content coins on Zora full time. I explained that I focus on creating 1/1 fractionalized NFTs so that people can buy my content She asked how much I make from it, which already felt a little weird for a first date. Still, I said that I make enough to live comfortably and have fun creating content coins. She laughed. Not a light laugh — like, a full-on dismissive scoff. She goes, “Wait, that’s it? I thought Zora creators made bank. That’s like… not even impressive. I couldn’t date someone who’s just creating content coins for a living.” I was stunned. I asked if she was serious, and she just shrugged and said, “I’m just being honest. I have standards.” So I stood up, told her we clearly weren’t a match, paid for my drink, and left. Later she texted saying I was rude, overreacted, and should’ve “taken it like a man.” Here’s the thing: I’m not ashamed of what I do. I’ve put in thousands of hours into creating content coins, I’ve survived multiple 90% crashes on Zora, and I live well without being flashy. I work hard, and I respect others — I expect the same. Still, a couple of friends said I should’ve just laughed it off, finished the date, and ghosted. So… AITA?

It's funny how the best trades in crypto are those that almost feel wrong and give you a sense of uneasiness when you execute Whenever a trade seems like free money, it's usually almost never free money