Calling out
@COINBASE
🚨🚨
Your KYC Policy has now cost me nearly 6 figures in 1 month.
OK, so here's the scenario:
On March 19th, I put on two trades (yes they were trades, not long term holds). These buys were very much in the money 1 week later; however, days after I made…
PSA: Do Not send USDC via
@wormholecrypto
. They will take control of your funds, refuse to bridge them, and refuse to return them by claiming some BS value limit breach (which they should tell you b4 send Tx is confirmed). They will then block redemptions
gm - everyone flexes on CT, but rarely share the Ls. In that spirit, I present to you, my 3 worst crypto misses (and there dozens more):
$sol at $0.50 and $2.00
$grt at $0.0035
$ftt at $0.10
You?
1/ Tomorrow
@YieldGuild
is launching their IDO on
@SushiSwap
's Miso platform.
@MechanismCap
are proud investors in $YGG and believe this launch is only the beginning of the next wave of success for the project and play-to-earn gaming more broadly
Overheard at
#FO256
. Fidelity releasing a client survey in next few months. One stat +50% of their institutional clients expect to make an allocation to
#crypto
in the next 5 years. If you’re still here, you’re in the right place (and probably the right time)
My thoughts are w/ the 20,000 individuals who lost their livelihood, many of whom have families to support. I hope the crypto community can grow to be inclusive and help create new jobs to support these people. It’s likely early days for this sort of news.
The more open I’ve become with my flaws & freely I share my internal struggles w/ others, the more incredible people have entered my orbit. It’s astounding. I wish I could prove this scientifically, I guess it’s the law of attraction?
If $degen L3 valuation continues to climb surpassing L2s & L1s, it would be the canary in the coal mine for rerating of entire crypto app layer
In a world w/ seemingly infinite block space, the closer you are to the users, the more value you should capture
The “easy” bet has…
0/ One of the most exciting and underappreciated areas in this
#Metaverse
moment is
#digitalfashion
I believe that digital fashion sales will exceed physical fashion sales in my lifetime driven by at least 5 converging trends
a 🧵
Every time I hear
@APompliano
speak, I feel like I’m hearing Pacino’s “game of inches” speech from Any Given Sunday. Just totally
#Pompd
up. Feel like I can go run a marathon.
@Jason
What i’d do differently:
1. Work w/ founders who have complimentary skills. Communicate clearly up front. Put founder agreement in writing
2. Build capital-light businesses. Start small
3. Have confidence in what we do & how we do it, but keep eyes open for better models
Ram Dass once shared a room with a man on a hippie meditation retreat. When he discovered the man was a banker, he was shocked.
Here's this Banker's story:
---------------------------------------------------------
The Banker was a VP of Industrial Loans at a commercial bank in…
@realDonaldTrump
Wow. The president of the United States is acknowledging bitcoin as a competitor to the US dollar: “first they ignore you, then they laugh at you, then they fight you, then you win”
Good to remember how euphoric you were at a local top.
Try to remember where you thought your bags would go in 1 week, 1 month, 1 year time.
Will help to keep those targets in mind when the max fear sets in
/1 Huge respect for all founders grinding through a very challenging 12+ months. Through it all
@mechanismcap
continues to invest in & support top-notch teams shipping great products w/ positive fundamental momentum.
Here's an update on just a few (expect more updates to come)
Email 1 sent on March 28th:
"Also, if I would like to close open positions while this process is underway, is there any way I can do that since I cannot trade?
I have multiple hundred thousand dollar positions in [$X] and [$Y] open at the moment."
High schools should teach a mandatory class called “adulting” - personal finance management, calendar and time management, what else would be included?
@Jason
1. Founder drama - didn’t agree to scope of work up front, divided the pie between too many people too early
2. Capital intensive business model, required constant reinvestment
3. Followed classically bad advice to: “ignore the competition” - they had better model than above
Email 2, sent on March 29th:
"Hi,
I wanted to follow up on this. At the very least, I have an open [$X] position I’d like to close to USD please. Can you help me?
Thanks,
Marc"
Launched my new podcast, Look Up!, today in honor of
#MentalHealthMonth
.
We dive deep into technology addiction. Excited to share it with you all. If it resonates please retweet.
Hope you haven't been assholes to your normie friends this year, or you won't be allowed to live in their basements. At least your mom will take you back, maybe
UPDATE: This was resolved by Wormhole customer service after 1 hour; likely in part due to this tweet.
Most important point here is that if their daily limit is hit, they will not warn you before you send funds to the bridge.
0/ Sharing this on
@Twitter
because I was censored by
@instagram
/
@facebook
not once, but twice!
I visited Auschwitz-Birkenau this week where, in 1944, 11 of my family members were sent to the crematoria. Against all odds 2 of my aunts survived to share their stories.
0/
@BreederDAO
is the TSMC of metaverse assets - transforming raw in-game materials into more valuable assets that are used by guilds and other crypto game players. Its token $BREED democratizes access to these data & capital-intensive processes.
The Metaverse is really a Multiverse, but there are not yet standards.
Interoperability is a major challenge/opportunity.
Who's building in this space? DMs are open
Have you ever been told “don’t burn bridges?” Something I was taught from childhood, but I’m starting to believe that we sometimes need to burn some toxic bridges down. What’d you think?
Launching a new layer 1 still pays too well. HBAR at $0.04 gives Hashgraph $2Bn network valuation. What "middleware", layer 2, or tooling company can reach $2Bn this fast? None. Until these gains normalize, crypto tooling and dev experience will continue be sub par.
Like to see more speculation into a Facebook Token. Believe existing centralized platforms like Facebook will use Blockchain tech to generate immediate scale
Been a pleasure working with
@Daryllautk
whose boundless energy, sharp intellect, & desire to do right by others inspires me. Wish I had 1/2 of this "when I was his age"
You know I'm a people maxi, so whether we "work" together or not, you're squad & WAGMI
PS: 33 is boomer now
Many in startup scene are anti-MBA. I’ve been too, but what if an MBA graduate pursues an unconventional career path (ie: crypto)? I think he/she will be uniquely positioned to benefit when the unconventional becomes conventional. *think this only applies to top 5 MBA program
In midtown Manhattan today and it dawned on me that there’s still an entire world of men who wear suits & ties to work and are forced to shave daily.
Couldn’t be me
If I merged two of my favorite things: crypto and consciousness into a telegram channel, would you join? Crypto peeps talking about consciousness - also offering solutions for
#cryptobrain
(it’s real, I know it is)
A friend new(ish) to crypto sent $USDC to an ERC20 address at
@Gemini
. The funds clearly arrived in their account on Etherscan, but he cannot access them since UsDC not supported. Technically it’s simple to send back, but their response is “sorry, it’s ours now, onwards”
Now that Maryann has been fully repaid Netflix is supporting a new GoFundMe campaign to repay all of the local Bahamians who worked for
#fyre
. The Exuma Foundation is leading the effort along w/ director Chris Smith
Every cycle there's a new category that "OGs" from prior cycle miss & thus hate:
2014 - ETH
2017 - ICOs
2018-19 - alt L1s
2020 - Yield farming
2021 - NFTs
2024 - Memes
Tbh, we could add memes each year, but in '24 you really feel the seething rage against them
Someone please explain to me the value of buying and holding gold? It’s purely a speculative asset. It has value because finite supply and people believe it to have value. Bitcoin is no different
@dougboneparth
To be fair, the individual homeowners weren't bailed out; the corporations holding packaged derivatives of these mortgages were.
Oh and universities should foot the bill for a large share of the student debt as penalty for not producing employable citizens
If you’re not watching Hong Kong, you’re missing one of the greatest peaceful demonstrations for justice in modern history. It is not to be ignored. Where this leads? Time will tell - 2/7 citizens are marching
Recently realized that most cravings (ie: junk food, a beer, social media) are based on the desire itself not the object. Replacing the object with a healthy alternative like 10 push ups or a glass of water is rewiring my brain 🧠 while fulfilling the desire
@RogueNotary
@davidgerard
Paywalls will accelerate wealth gap by creating a flywheel whereby the poor have access to low quality clickbait and the wealthy have access to the highest quality news.
Angels, KOLs, & small funds who are piling into ridiculously overvalued, 3-tranched club round private sales are in for a rude awakening when they try to sell their SAFT at an 80% discount to “mark to make believe” FDV, and realize the other 50 “investors” in the round all had…
Finding it’s not worth riding a Bird (in LA) unless I want to joy ride.
Cost comparison for 2 mi trip (not rush hour)
Uber (w ride pass): $5.99 ($7.50 without ride pass)
Bird: ~$6.85 (15min, $0.39 / min, $1.00 + tax)
Uber gets me there faster & with lower risk of injury
Focused on privacy / being better steward of my data:
@brave
my new default browser
@duckduckgo
my new default search engine
@signalapp
my new default messenger
I used to beat myself up over my regular existential crises. My friends in college called me “Who am I” for a bit because I had so many. They were debilitating. But now I’m beginning to see them as one of my greatest strengths. We are all susceptible to the allure of convenience
“Would take the first lunar module that landed on the moon 681 days to do the same number of calculations as the iPhone in your pocket can do in 1 second” - Charles Fishman. Think about that!
Today, capital flows relatively freely around the world while labor is massively constrained.
The Open Metaverse levels the playing field by adding “labor liquidity” that will flow like capital
This is the greatest democratizing force of our lifetime.
Cc:
@gabusch
@YieldGuild