Matt Huang @matthuang Twitter profile | Pikagi

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Matt Huang

@matthuang

133,389

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777

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cofounder @paradigm

San Francisco, CA

https://t.co/FmdrIRIW05

Joined June 2009

Don't wanna be here? Send us removal request.

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@matthuang

Matt Huang

9 months

Paradigm is looking for EIRs and deep collaborations at the seed/A stage. Bring your own idea, or collaborate on one of ours. Either way, work closely with our investing and research teams to bring a project to life. We currently have the bandwidth for 3-5 of these projects...

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@75DKW

@matthuang

Matt Huang

3 years

Stocks are worth $100 Print a lot of money, stocks are now worth $200 Tax the unrealized gain of $100 Rinse, repeat

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@matthuang

Matt Huang

3 years

Crypto may look like a speculative casino from the outside. But that distracts many from the deeper truth: the casino is a trojan horse with a new financial system hidden inside.

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Matt Huang

1 year

We are shocked by the revelations about FTX, Alameda, and SBF.

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@matthuang

Matt Huang

2 years

Crypto/Web3 is the most exciting frontier in technology Thrilled to announce @Paradigm 's new $2.5B fund

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Paradigm’s New Venture Fund

We started Paradigm in 2018 with two strongly-held beliefs. First, that despite being in the midst of a “winter,” crypto was poised to be one of the most important technical and

www.paradigm.xyz

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@matthuang

Matt Huang

2 years

early days of Web2: “these apps have users, but will they ever make money?” early days of Web3: “these apps make money, but will they ever have users?”

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@matthuang

Matt Huang

7 months

*The Casino on Mars* It’s useful to think of crypto as a new planet that’s being settled. Skeptics see a desolate planet without purpose. Or worse, a haven for an unsavory casino. Optimists see the planet’s potential: a blank slate on which we can build an upgraded financial

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@matthuang

Matt Huang

2 years

Advice from the CIA on DAO governance:

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@matthuang

Matt Huang

2 years

Two of the most important exponentials of the coming decade: - % time spent in digital worlds - % wealth stored in digital assets Call it crypto, web3, metaverse, etc… but the macro trend is clear

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@matthuang

Matt Huang

10 months

It was kind of ridiculous that we removed all mentions of "crypto" from our landing page. That was a mistake. We never left, but we're so back:

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@matthuang

Matt Huang

2 years

Honored to be joining @patrickc , @collision , and the rest of the Stripe board. Stripe is one of the great companies of our time, and I’m excited to see them invest more energy into crypto/Web3.

@patrickc

Patrick Collison

2 years

We're delighted to welcome @matthuang to Stripe's board of directors.

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Matt Huang

3 years

Pro: Crypto is now big enough for DC to care. Con: Crypto is now big enough for DC to care.

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@matthuang

Matt Huang

2 years

Inside of Bitcoin there are two wolves… The high growth tech asset (with high equities correlation) And the non-sovereign store of value (as a hedge against inflation, instability, autocracy, etc) One wolf is getting stronger by the day…

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@matthuang

Matt Huang

1 year

The blow-up of FTX has caused some to question crypto’s value. But the issues at FTX are precisely ones that decentralized finance can solve through increased transparency and security. Crises such as this one help to clarify the true merits of what we’re all building towards.

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Matt Huang

5 years

Cryptocurrency: highly overrated by insiders, highly underrated by outsiders.

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@matthuang

Matt Huang

4 months

we can all be more like vitalik and toly

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@matthuang

Matt Huang

10 months

Paradigm has never been more dedicated to crypto. When Fred and I started Paradigm five years ago, there was no master plan. What we had was a shared curiosity for the future, deep conviction in crypto, and a desire to advance the frontier of what’s possible. Our best decision…

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@matthuang

Matt Huang

3 years

Uniswap began as 500 lines of code, and one developer @haydenzadams Yesterday they reached over $100B in cumulative trading volume The leverage that entrepreneurs can have in crypto is off the charts

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Matt Huang

3 years

One of the biggest sources of alpha in crypto is feeling the swell of skepticism and boomer energy rising within and learning to lean through it to the other side… like breathing through the initial pain during a stretch… to consider a new possibility with a beginner’s mind.

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Matt Huang

5 months

Grateful to all the crazy people willing to work on crypto and freedom tech, despite strong societal taboo to the contrary

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Matt Huang

7 months

crypto’s “killer app” has been achieved internally

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@matthuang

Matt Huang

3 years

In 2001, when I was 13 I sold my first jpg (a Diablo II 1.08 Windforce) for $300+ on Ebay and became forever hooked on digital capitalism. What was your first jpg, anon?

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@matthuang

Matt Huang

4 years

The reaction to any exponential risk (like COVID-19) is either too early or too late. Hard to time it "just right". If too early, you seem paranoid or alarmist. If too late, you endanger yourself and your community.

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@matthuang

Matt Huang

2 years

Excited to announce @Paradigm ’s investment in Citadel Securities alongside our friends at Sequoia. We’re excited to partner with them as they extend their technology and expertise into more markets and asset classes including crypto.

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Citadel Securities Announces $1.15 Billion Investment from Sequoia and Paradigm - Citadel Securities

Citadel Securities is an award-winning global market-maker across a broad array of fixed income and equity products.

www.citadelsecurities.com

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Matt Huang

1 year

Paradigm’s equity investment in FTX constituted a small part of our total assets and has now been written down to $0. We never traded on FTX and did not have any assets on the exchange. We have never been investors in related tokens such as FTT, SRM, MAPS, or OXY.

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@matthuang

Matt Huang

7 months

all this talk of "ethereum alignment"...

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@matthuang

Matt Huang

4 years

1/ We haven't shared much about what we're building at Paradigm. This story from @alexrkonrad is a behind the scenes look:

@alexrkonrad

Alex Konrad

4 years

When Matt Huang and Fred Ehrsam raised $400M for their new fund Paradigm in 2018, they did something bold: put it all into Bitcoin. The trade is already up 3x. But the ex-Sequoia partner and Coinbase cofounder have a bigger goal: bring crypto mainstream.

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@matthuang

Matt Huang

4 months

integrated vs modular, my coin vs your coin, speculative app vs non speculative app, etc etc are all worthwhile and interesting debates, but by far the most important is still coin vs no coin, and the good news is that the coins are going to win.

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@matthuang

Matt Huang

9 months

Speculation is the “hello world” of digital property rights. Enable people to create scarce digital things and they will trade them around. It’s naive to think speculation won’t happen, but unimaginative to think that’s all there is.

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@matthuang

Matt Huang

2 years

@cobie Cobie’s advice for an 18yo Cobie getting into crypto today

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@matthuang

Matt Huang

5 months

Great conversation between @collision and Munger. Fun bit on crypto: — John: [00:32:38] You have been famous for criticizing gold earlier on and now cryptocurrency. Charlie: [00:32:46] I like to gold a lot better than I like cryptocurrency. John: [00:32:49] You've

@collision

John Collison

5 months

The new Poor Charlie’s Almanack launches today. Before Charlie passed, I had the opportunity to sit down and ask the many questions I had for him. I love how much he pulls from business history at every point of this discussion:

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Matt Huang

2 months

it’s never as bad as it seems during the bear, and it’s never as good as it seems during the bull worth rereading some classic wisdom from @FEhrsam

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@matthuang

Matt Huang

7 months

Full post here:

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The Casino on Mars

Settling the crypto frontier begins with a speculative step.

www.paradigm.xyz

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@matthuang

Matt Huang

2 months

not attending denver or any travel in coming months, fully heads down. this is a very important year. people should not forget that the #1 priority is shipping, and shipping, and shipping more.

@gakonst

Georgios Konstantopoulos

2 months

not attending denver or any travel in coming months, fully heads down. this is a very important year. people should not forget that the #1 priority is shipping, and shipping, and shipping more.

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@matthuang

Matt Huang

2 months

<$0.01 transaction fee meta begins…

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@matthuang

Matt Huang

7 days

We're so back

@collision

John Collison

7 days

Crypto is back. @Stripe will start supporting global stablecoin payments this summer. Transactions instantly settle on-chain and automatically convert to fiat. Join the waitlist and watch the demo (h/t @Solana ) from Sessions.

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Matt Huang

1 month

Uma and John have built something special... excited for Paradigm to have led the seed and be doubling down on the series A.

@SuccinctLabs

Succinct

1 month

1/ We're excited to announce we've raised $55M led by @Paradigm to make zero knowledge proofs accessible to any developer. Succinct’s Prover Network & SP1 make general-purpose ZK performant and easily deployable w/o complex infra. Let’s build towards an era of truth, not trust.

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@matthuang

Matt Huang

5 months

Consumer crypto is here—enabled by cheap base layer fees and an emerging software stack—and we’re excited to back Privy as an essential part of that stack. @caitlinxyz saw the power of Privy firsthand in her work with FriendTech, and we’re eager to see what creativity Privy can

@privy_io

Privy

5 months

1/ Hi again! Today, we’re excited to announce our $18M Series A, led by @paradigm !

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@matthuang

Matt Huang

6 months

Fred is a deeply original futurist and building Paradigm together has been a wild adventure. Excited for the next chapter in our partnership!

@FEhrsam

Fred Ehrsam

6 months

Update: My role at Paradigm will be shifting from Managing Partner to General Partner. I’ll continue to work with our investing & research teams, work with portfolio companies, and fight for good crypto policy, while focusing less on the day to day management of the firm. I look…

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@matthuang

Matt Huang

28 days

What’s going on?

@WazzCrypto

Wazz

28 days

Solana currently has a 75% tx fail rate Highest value so far

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@matthuang

Matt Huang

1 year

@0xAllen_ web3 created many expectations that crypto-powered apps would replace all web2 companies/apps. (not true). it also inspired an immune response from smart web2 people, who otherwise might have been open minded to the technology

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@matthuang

Matt Huang

4 months

don’t panic.. @samczsun is taking a small break and will be back in the new year

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@matthuang

Matt Huang

2 months

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@jessepollak

Jesse Pollak (jesse.xyz) 🛡️

2 months

if you're a media company still using "on-chain" or "web3" or "blockchain", your content will perform better if you change to "onchain" @CoinDesk @DefiantNews @Blockworks_ @Cointelegraph @decryptmedia what is holding you back from getting more clicks and better engagement?

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@matthuang

Matt Huang

2 years

@nic__carter is one of the good ones, and if you don’t get that you are bad for Bitcoin

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@matthuang

Matt Huang

2 years

@mlevchin So, I’d posit that crypto is not about bringing real world assets on chain (and certainly not physical ones like homes), but about crypto-native assets that may seem silly today becoming very important in two decades.

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@matthuang

Matt Huang

4 years

Media 1.0: Editor curates (NYT front page) Media 2.0: Friends curate (FB, Twitter, Insta) Media 3.0: Machine curates (Bytedance) FB/Twitter/Insta have adopted algo-feeds to varying degrees, but are still friend-first. Bytedance products are machine-first.

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Matt Huang

3 years

@patrick_oshag @modestproposal1 What are the 2-3 key metrics that management looks at to drive the business? Tends to surface substance vs vanity metrics, and leading vs lagging indicators.

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@matthuang

Matt Huang

3 months

It’s been inspiring to see the @natfriedman -instigated Vesuvius scroll prize make so much progress. We should keep supporting the next phases to Read All The Scrolls™… Matching donations up to $100K… just reply here!

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Matt Huang

2 years

@cobie The calm before the ratio

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@matthuang

Matt Huang

10 months

@VitalikButerin How are you feeling about the US policy approach to crypto?

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@matthuang

Matt Huang

7 days

Big news everyone

@jeff_weinstein

Jeff Weinstein

@jeff_weinstein

7 days

after nearly ten years, accepting crypto is back on @stripe , coming this summer. (this time it really works, via stablecoins)

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Matt Huang

3 years

The Periodic Table of DeFi: what elemental primitives are left to discover? Some will transfer over from traditional finance. Eg: MakerDAO is a margin loan with automatic liquidation. Others will be wholly new. Eg: Uniswap opened up a broad design space around AMMs.

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@matthuang

Matt Huang

29 days

Q: What matters most for L2s accruing value back to ETH L1? - Using ETH as a gas token? - Using ETH DA rather than Alt DA? - ETH being used as "money" on the L2 (e.g. for minting NFTs)? - L2 calling itself ETH-aligned 😬? - Something else?

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@matthuang

Matt Huang

2 years

@cdixon API > BD

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@matthuang

Matt Huang

11 months

Reth: a new Ethereum execution node with blazing fast benchmarks Congrats to @gakonst and the whole team of contributors

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@gakonst

Georgios Konstantopoulos

11 months

We are excited to release Reth v0.1.0-alpha! 🎉🎉🎉 Reth is a modular, contributor-friendly, and blazing-fast Ethereum node, in Rust, using the Apache/MIT license. Let's unpack what is behind today's release.

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@matthuang

Matt Huang

4 years

2/ Crypto is a generational opportunity. What the Internet did for information and media, Crypto is doing for money and value.

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@matthuang

Matt Huang

2 years

@cobie Thot leader of 2021 👑

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@matthuang

Matt Huang

23 days

Excited to support @keoneHD @_jhunsaker @0x_eunice and the rest of the team @monad_xyz

@monad_xyz

Monad ⨀

23 days

Monad Labs is excited to announce a $225M fundraise, led by @paradigm

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@matthuang

Matt Huang

2 months

what if we did both horizontal and vertical scaling we’ll call it… rectangular scaling

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@matthuang

Matt Huang

9 months

Learn more and apply:

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Collaborate with Paradigm

Paradigm is a group of builders that supports other builders. Some of our most fruitful collaborations involve deep work with entrepreneurial teams to solve important business and research problems.

www.paradigm.xyz

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@matthuang

Matt Huang

4 years

To that end, we are excited to announce that we have started supporting Anthony Towns' work on Bitcoin Core. Anthony ( @ajtowns ) has been working on Bitcoin Core since 2017 and has a long history of contributing to open source software (dating back to Debian in 1998).

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@matthuang

Matt Huang

2 years

@TheFantasyPater @cobie Great conspiracy theory

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@matthuang

Matt Huang

2 years

@laurenremington @FTX_Official @SBF_FTX @MktsInsider Congrats! Let’s get Sam some new shoes

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@matthuang

Matt Huang

5 days

Beyond the Stripe payments announcement, it might be less known that they already support fiat on-ramp (eg buy ETH w/ credit card on Metamask via Stripe). Even better UX with Stripe Link which pre-fills payment info for those already in network.

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Global payment solutions for Web3

Stripe for the crypto economy | A complete solution for crypto platforms

@collision

John Collison

7 days

Crypto is back. @Stripe will start supporting global stablecoin payments this summer. Transactions instantly settle on-chain and automatically convert to fiat. Join the waitlist and watch the demo (h/t @Solana ) from Sessions.

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@matthuang

Matt Huang

2 years

@_anishagnihotri A great and most unusual idea… according to… <checks notes> … a teenager

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@matthuang

Matt Huang

4 years

Balaji ( @balajis ) and Elad ( @eladgil ) have been instrumental in building early awareness within SV. They understand both exponentials and bio, a rare intersection.

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@matthuang

Matt Huang

2 years

@tommycollison Foundation, Dune, Three Body Problem

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@matthuang

Matt Huang

10 months

@adamscochran @HHorsley (1/355)

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@matthuang

Matt Huang

4 years

4/ Much like the early Internet, Crypto is: *Dismissed* by many establishment experts (incl brilliant entrepreneurs, VCs, and financial minds) *Embraced* by technologists and builders who see the near term magic & long term potential

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@matthuang

Matt Huang

7 months

@GwartyGwart I dunno Dan, you made the image

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@matthuang

Matt Huang

3 years

@levie Agree, but they are inseparable. The casino bootstraps the infra.

@matthuang

Matt Huang

3 years

Crypto may look like a speculative casino from the outside. But that distracts many from the deeper truth: the casino is a trojan horse with a new financial system hidden inside.

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Matt Huang

2 years

@zhusu (Brood War is the perfect game)

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@matthuang

Matt Huang

2 years

@cdixon 🍻

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@matthuang

Matt Huang

1 month

This was fun and a good demonstration of the frame primitive combined with crypto wallets

@fiveoutofnine

⁵⁄₉

1 month

There is a fully onchain NFT on @base you could only mint by beating a chess engine in a @warpcast_ frame Only 26 out of ~4390 people succeeded (≈0.59%)

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@matthuang

Matt Huang

4 years

9/ Better still, Fred and I are the two most boring people on the Paradigm team (as the crypto community already knows). It's a joy to work alongside the brilliant @danrobinson , @_charlienoyes , @arjunblj , @gakonst , @samczsun , along with our COO @alanapalmedo , GC @g_co , et al.

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@matthuang

Matt Huang

3 years

@owocki I have the same image in my head

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@matthuang

Matt Huang

4 years

@eriktorenberg "How to Make Wealth" (2004) by @paulg --

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@matthuang

Matt Huang

2 months

4844/blobs are just one step in the cyclic path toward lower fees and higher throughput (thx @_yangyou for the quick scribble)

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@matthuang

Matt Huang

3 months

Just in time for 2024… buckle up!

@OpenAI

OpenAI

3 months

Introducing Sora, our text-to-video model. Sora can create videos of up to 60 seconds featuring highly detailed scenes, complex camera motion, and multiple characters with vibrant emotions. Prompt: “Beautiful, snowy…

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Matt Huang

1 year

@VitalikButerin @slatestarcodex What is your extensional definition of a Good Crypto Future?

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@matthuang

Matt Huang

4 years

With Paradigm's support, Anthony will continue his work on Bitcoin Core full-time. Paradigm will pay his salary, but Anthony will have complete freedom to choose what he works on.

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@matthuang

Matt Huang

2 months

Glad to see Starkware take community feedback here on a lockup schedule that better aligns all participants.

@StarkWareLtd

StarkWare

2 months

Important update: After listening to feedback from ecosystem friends and collaborators, we are changing the lockup schedule for StarkWare’s early contributors and investors to make it more gradual. We value this community and want to earn its trust by building great tech that

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Matt Huang

4 years

We are grateful to Wences Casares for introducing us to Anthony, and to Steve Lee ( @moneyball ) and Adam Jonas ( @adamcjonas ) for advising on our approach to funding Bitcoin development.

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@matthuang

Matt Huang

2 years

@transmissions11 Shin Ramyun

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Matt Huang

8 days

eth/acc

@gakonst

Georgios Konstantopoulos

8 days

We have made great strides in the world of blockchain scaling in the last 10 years. It’s time to go further. Reth’s path to 1 gigagas per second, and beyond…where we present our roadmap for scaling Ethereum.

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Matt Huang

3 years

@hasufl Part-time = less than 24 hours a day?

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@matthuang

Matt Huang

4 years

10/ We're still in the early days for both Paradigm and Crypto. There's a lot more to build. Onward!

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@matthuang

Matt Huang

11 months

@AutismCapital We haven't dropped crypto... The website now emphasizes the research-driven approach we've always had, and doesn't reflect a pivot away from crypto. We remain as excited and committed to crypto as ever. (Check out our recent investments, research writing, policy work, etc).…

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@matthuang

Matt Huang

4 years

3/ Bitcoin is increasingly accepted as a new monetary asset. Ethereum is enabling decentralized finance (DeFi) and decentralized apps. Dozens of other communities are pushing the frontier of innovation.

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@matthuang

Matt Huang

2 years

@cobie Next time the silliness will be different

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@matthuang

Matt Huang

3 years

@patrick_oshag DST, Founders Fund, Tiger

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@matthuang

Matt Huang

1 year

@functi0nZer0 We don’t hold any with the FDIC either

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@matthuang

Matt Huang

3 years

@patrick_oshag Szechuan numbing peppercorns

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@matthuang

Matt Huang

2 years

@katie_haun @cdixon @a16z Congrats on the run, and excited for what's next!

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@matthuang

Matt Huang

10 months

@VitalikButerin @solana 👑

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@matthuang

Matt Huang

2 years

@smsunarto I can walk you through what bigco is like in a 15m call

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@matthuang

Matt Huang

4 months

we need more movies that are inscrutable to peloton instructors

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@matthuang

Matt Huang

4 years

Without an obvious alternative schelling point (Austin? LA? NY? Seattle? Denver?) it seems likely that the Bay Area will remain king.

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@matthuang

Matt Huang

7 days

@Rewkang Sorry, the Arkham data is so far from correct it might as well be made up

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@matthuang

Matt Huang

2 months

@TheStalwart thank you for finding this very niche example

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