Investing
The truth is, credible neutrality is a scaling advantage, not just an ideology. Just like how institutions globally choose Bitcoin for its reliability, neutrality, and ability to minimize long-term counterparty risk, they’ll also choose Ethereum and Solana.
And the thing about credible neutrality, is that like all forms of trust, it can only be... See more
And the thing about credible neutrality, is that like all forms of trust, it can only be... See more
Ryan Watkins • Tweet
i read + annotated the entire 300+ page Messari 2026 thesis on a long-haul flight so you didn’t have to…
my thoughts + takeaways:
> the entire thing took me about 3hrs to cover back to back (better than expected). My 3 fav essays were “crypto money”, “tradfi x crypto”, and “decentralized Internet finance”.... See more
there are roughly two categories of tokens
> tokens that are money (ex. stores of value)
> tokens that make money (ex. productive assets)
i think the money tokens (BTC, ETH, SOL, etc) are better understood and further along in their adoption
so i won’t explore these ‘are money' tokens in this thread
the piece that actually feels broken to me
the... See more
> tokens that are money (ex. stores of value)
> tokens that make money (ex. productive assets)
i think the money tokens (BTC, ETH, SOL, etc) are better understood and further along in their adoption
so i won’t explore these ‘are money' tokens in this thread
the piece that actually feels broken to me
the... See more
Derek Edws • Tweet
Raoul on Zcash:
"Bitcoin, for me, was at $200 when I wrote the first-ever macro strategy piece, and I was like, listen, it might go to zero, but I think it goes to $100,000. And at $200, this is probably the best bet I've ever seen, and it works out in the end, but the path is a difficult path. And it feels the same... See more
Hazy Cubs 🛡️x.comThe problem with this analysis is that "revenue" is a tricky word when you are applying it to a L1.
"Revenue" is price x quantity sold. It ignores expenses. On the other hand, profit subtracts expenses to get your actual net income.
So if you look at transaction fees on Ethereum, the naive... See more
Haseeb ＞|＜x.comCrypto is valued the way money is valued: by beliefs, reflexivity, scarcity, and collateral utility.
Money is not a business.
Money is not a network product.
Money is a coordination technology with:
•reflexive trust
•role in collateral hierarchy
•function as energy storage
•function as global settlement rail
•macro-hedge dynamics
•political neutrality... See more
Money is not a business.
Money is not a network product.
Money is a coordination technology with:
•reflexive trust
•role in collateral hierarchy
•function as energy storage
•function as global settlement rail
•macro-hedge dynamics
•political neutrality... See more
Dan Tapiero • Tweet
Financial assets want to be free. They want to be open. They want to be interconnected. Crypto turns financial assets into file formats, makes it as easy to send a dollar or a stock as to send a PDF. Crypto makes it possible for everything to talk to everything. It makes it all 24/7, global, interconnected, and open.
That will win. Open always wins.... See more
That will win. Open always wins.... See more
Haseeb ＞|＜ • Tweet
This is the thing that Silicon Valley has always understood better than Wall Street. Silicon Valley was raised on exponentials, while Wall Street was raised on linearity. And over the last few years, crypto’s center of gravity has migrated from Silicon Valley to Wall Street. You can feel it.
Granted, crypto growth doesn’t look as smooth as... See more
Granted, crypto growth doesn’t look as smooth as... See more
Haseeb ＞|＜ • Tweet
10 years of chop. All along the way, Amazon was beset with doubters and non-believers. Is e-commerce a VC-subsidized charity? They’re selling underpriced cheap low-quality knick-knacks to bargain hunters, who cares? How are they ever going to make actual money, like Walmart or GE?
If you were arguing about Amazon’s P/E ratio, you were in the wrong... See more
If you were arguing about Amazon’s P/E ratio, you were in the wrong... See more