I like to think I can write. All things crypto for @tokendispatchhq | 170k subscribers
Joined May 2018
- Tweets 3,250
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- Followers 693
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You are not what you achieve, you are what you are afraid to achieve
Jun 2
You are not what you say, you are what you are afraid to say
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Prathik Desai | Token Dispatch π§ retweeted
Some of the most interesting things in crypto right now like AI inference products, stablecoin infra, fintech lenders, move uncorrelated with how BTC is doing.
Their revenue doesn't reverse in a drawdown because it was never a function of crypto token prices.
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The funny paradox about becoming a great writer is that each time you learn more about writing, the learning gets you both farther from, and closer to, becoming a great writer.
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Prathik Desai | Token Dispatch π§ retweeted
May 21
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Prathik Desai | Token Dispatch π§ retweeted
May 20
What kind of crypto card you use is no longer a moat because they all offer similar cashback and rewards. Cards that now own layers across the stack underneath the swipe are the ones that stand out.
@raincards gets this. It earns from every swipe thanks to its vertical integration across the infrastructure stack.
@CrypticPD writes more on this here π
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Unpopular thought: Humans complain about AI taking away jobs because, like every other technological breakthrough, AI is forcing us to evolve, reinvent and go out of our comfort zones to differentiate ourselves from robots.
That's what is more unsettling - to adapt.
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Prathik Desai | Token Dispatch π§ retweeted
May 13
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I read something (will reveal the source at the end of the post) yesterday that changed how I see the power of human perception.
Most relationships in the world that involve a human being and a scientific/factual aspect will never be a clean, one-sided cause-and-effect relationship. They will always be reflexive and cyclical.
This idea perfectly explains how manifestation works. I donβt think there is any factual, reasoned science that backs manifestation. Itβs simple social-science at play.
Hereβs an exampleβ¦
When you act confidently in front of the world, the world perceives you as confident and authoritative. The same perception then drives you to act more confidently and be someone with authority. This cyclical loop feeds on itself.
Got lost in this beautiful thought while reading about how George Soros talks about reflexivity in his book, The Alchemy of Finance.
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The same reflexivity explains how investors' perception of stock markets shapes their investments; these decisions, in turn, shape companies' decision-making, which then impacts the markets.
The loop continues.
Explains why the alpha is in understanding human behaviour.
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The more you read what contradicts your opinions, the better your chances of becoming a strongly opinionated human.
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The world is really funnyβ¦
People want to be rich, but donβt want to learning how finance works.
People want to travel, but the only ones that really get to see the world are their phones and cameras.
People want to upskill, but they don't want to go through the grind of doing, falling and learning.
People want to become wise, but they seldom want to critically question their own biases.
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Most people still value prediction markets as separate businesses. Given the kind of vertical integration we are seeing in crypto, that valuation framework is outdated.
@RobinhoodApp sold over 12B event contracts in the first 9 months of launching its prediction markets. Over the next three months, it sold 8.8B.
Robinhood already offers trading in equities, options, and spot crypto. By integrating PMs on top of these, its valuation has a cross-selling effect that neither @Kalshi nor @Polymarket can boast of.
Both the incumbent PM leaders have announced their foray into crypto and futures trading. But will they enjoy the same advantage as Robinhood?
In the latest piece for @Decentralisedco, we argue Robinhood may be better positioned for this vertically integrated world. π
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8 billion people, 50 trillion thoughts a day. Most of these never get typed, posted, or documented. This is why no machine will ever replace you in storytelling.
Wrote a little something about what I reflected on at my work in the past few months. ππΎ
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Prathik Desai | Token Dispatch π§ retweeted
May 7
Hi everyone! Anyone here who has tried to use the Kaveri on Wheels app or knows someone who has? For reference you can see the picture of the tanker.
P.S- This is for a news story
#cauverysanchari #kaverionwheels
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Lovely note that goes beyond "everyone is building a payment chain". Explains why Stripe stands out and the value it captures across the "seven-player relay race".
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It's annoying to still see people arguing if crypto is going to topple tradfi. They are missing the point. New tech survives hype only if it can bring more efficiency to what the existing tech already does.
Blockchains are that kinda tech. @XDCNetwork shows how ππΎ
We can track a container across oceans in real time. But the payment for these trades still takes weeks to settle. One typo on a form can delay a million-dollar deal.
Global trade's financial plumbing has a $2.5T hole. @XDCNetwork is using blockchains to fill that gap ππΎ
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Now that @Outcomexyz is making noise, here's the one piece you need to read to know why @HyperliquidX will own the finance market ahead of @Polymarket and @Kalshi
A must-read note by @desh_saurabh for @Decentralisedco
x.com/Decentralisedco/statusβ¦
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