If you think you know, you don't know. | @alliance ALL13
Joined May 2012
- Tweets 2,414
- Following 1,967
- Followers 4,303
- Likes 10,580
215 Photos and videos
Jason Kan retweeted
Jun 1
When $ETH claimed the #2 spot in early 2016, it went on to define the next 10 years of crypto in several ways:
1) Ethereum brought the first widely adopted smart contract platform to market, which enabled composable and permissionless innovation on the app layer, giving rise to on-chain seasons of activity: DeFi, PFPs, etc.
2) The rise of ETH also created new wealth in the hands of the earliest believers in decentralization and platform innovation, into which capital then naturally flowed during the app layer Cambrian explosion. This drove a natural flywheel that further pushed the traction of ETH and chains in general.
3) Having been the first breakout smart contract platform, ETH was priced as a net new technological innovation and also established a premium for blockspace at the same time. Since then, we saw founders and investors chase comps with hundreds of "ETH killers," the most successful being SOL. This produced a similar effect to 2) in different blockspace ecosystems: think SOL.
If we see another asset such as $HYPE challenge and successfully take the number #2 spot in crypto, the market regime that has been established by ETH may possibly be over for the first time since then.
A) Ethereum, blockspace, and smart contract platforms are no longer net new innovations as of today; they are 10-year-old technologies that are widely adopted, with more blockspace than there is demand. It's difficult to justify premiums for fundamentally what is a commodity.
B) The rise of new challenger assets such as Hype, with very meaningful PMF and penetration beyond crypto, which have a chance to climb into the top 10, will generate wealth among a class of participants who have a completely different worldview towards the prior belief in decentralization as well as open permissionless innovation. This wealth will be expressed through end products with end-user traction and PMF, rather than transferring to pure on-chain environments as we've seen previously.
17
7
92
17,476
launching mungermode.com a research tool for long term investors.
it tracks every sec filing, earnings call, podcast, blog, insider trade, and superinvestor for stocks u follow. then extracts the most important insights so u dont have to read/watch the whole thing. critically for every insight it also builds an "antithesis" to steelman the opposite. all insights culminate in a deep dive that updates quarterly.
built this for myself, so happy being the only dau. but even better if a few other ppl who think like i do.
55
24
582
46,895
Huge respect for shutting down a points program that isn't working so quickly despite the sunk costs.
However I don't think a unified embedded wallet will save the day. Blast tried to do the same with Blast Mobile and it just made the UX worse.
There are very few apps with real PMF which people use on a daily basis. So although it looks like everyone has opened too many embedded wallets which fragment liquidity and has terrible UX, there are very few apps people genuinely use with embedded wallets. Another wallet just gives another burden to developers and users.
The effort spent building a wallet might be better spent building an app people want to use. But an app with PMF is the hardest thing to find for builders, VCs and chains alike, really hard.
May 21
The existing financial system neither reflects the culture nor addresses the economic realities of this upcoming generation of financial participants.
Our team, composed of emerging market citizens and perma-online Gen Zers are here to build the financial operating system for the internet-native generation.
We’ve spent the past two years building MegaEVM, the fastest execution environment in the industry. The MegaEVM withstood a 11B tx stress test in mainnet production, averaging 40k TPS, while consistently charging lower fees than all others competitors.
Our technical milestones paved the way for a collaboration with @chainlink to begin building the first real-time oracle, providing unparalleled speed and security to the DeFi ecosystem.
The past two years has seen a notable and eventful ecosystem grow through MegaETH. Today, some of the most interesting new applications sit on Mega. The points program on Terminal has allowed crypto-native users to further explore the initial Mega Ecosystem, but we believe it has run its course.
We will be providing boosted USDm rewards to all eligible participants in the program. Moving forward, we will double down on sourcing and accelerating the best applications on MegaETH through personalized GTM, targeting users beyond crypto.
We are momentarily launching the MOSS SDK, a self-custody wallet that unifies liquidity between applications while maintaining top in class security through smart approvals.
These pieces lay the foundation for M(OS)S to become the financial OS built for users born to this generation.
Live Q3, MEGA blends finance and entertainment with primitives and risk preferences that have never been available to everyday users.
The MOSS SDK is uniquely positioned to solve the embedded wallet <> generalized wallet dilemma by giving best in class security guarantees to users across all apps while still maintaining one unified account.
MOSS SDK builds on the foundational work of Porto by Ithaca, providing a user-first mentality to product. We look forward to working with applications to integrate Moss and provide users with a solution to the crypto UX problem.
The legacy financial system merely adopted the internet, it was not born in it. M(OS)S is being built by people who understand the culture of internet-native users and how finance, entertainment, and identity are converging online.
1
4
225
Great lessons there, thanks for sharing
4
497
The Chinese interpreter toned down @POTUS 's comments regarding Iran.
Trump said "they closed it, then we closed it on top of them, but we want the straits open, and we want them to get it ended because it's a crazy thing, they are a little bit crazy, that's no good, can't have it, they cannot have a nuclear weapon.
The interpreter said in Chinese "currently they closed it, and we closed it on top of them, this is very crazy, none of us want it this way, we want to open the strait as quickly as possible. We cannot allow Iran to have a nuclear weapon."
Also at the beginning Trump said "we ... and the relationship is a very strong one."
The interpreter said in Chinese " ... the relationship between the two of us is very good."
I don't think the misinterpretation is intentional, it might just be the politeness in Chinese culture, but it didn't fully convey Trump's original meaning. It's worrisome how much misunderstanding there could be at the top.
2
206
Pure software products that fundamentally just collects, processes and displays information and data will gradually be eaten by LLMs.
Examples are personal finance apps, data analytics software, travel planning apps, news apps etc.
Exceptions are where you have proprietary data, but even these will just get acquired by LLM companies.
Defensibility will come from services that require human interactions, physical products, and liquidity (CEX/DEX).
May 15
A preview for Pro users: a new personal finance experience in ChatGPT.
Pro users in the U.S. can securely connect financial accounts, see where their money is going, and ask questions based on the information they choose to connect.
Your full financial picture, now in ChatGPT.
2
260
based on this tweet Kyle is
either one of the incredibly small number of - admittedly very vocal - users
or never been a user thus invalidating his criticisms of Hyperliquid
the paradox comes from the fact that it is not an incredibly small number of users, anyone who's reasonably active in crypto has probably at least tried HL
May 15
Also see hyperliquid
Incredibly small number of - admittedly very vocal - users
2
266
The crypto food chain is a war for order flow.
At the highest level, it’s not about tech but who controls liquidity. Product narratives are marketing for the underlying grab for volume. Whoever becomes the gravity center for liquidity forces every other player to either pay the toll or build a rival empire.
Binance was the first mover, it won spot alts by being the fastest to list and deepest to trade.
When flow shifted to Solana/Pump, Binance pushed BSC/Fourmeme to internalize that casino revenue.
The anti-Binance axis:
Solana lacks the global fiat rails of a CEX. Coinbase/Base lacks the speculative velocity of Binance/BSC having regulatory compliance burdens.
The result is a strategic alliance.
Coinbase provides the distribution, compliance, and USD onramp.
Solana provides high-speed execution, degen culture and liquidity.
Then perps entered:
Hyperliquid didn’t win on decentralization, it won on execution quality.
Binance responding with Aster proves they know the threat isn’t sovereignty, it’s the loss of the derivatives liquidity center.
Similar story repeats and HL and Coinbase/circle form an anti-Binance axis.
The industry is vertically integrating into three layers:
Attention: memes, social media, culture
Liquidity: orderbook, vaults, DEX
Distribution: fiat rails, wallet
L1s, L2s, and apps are just different fronts in the same war. The winner will successfully vertically integrate the order flow.
so, every other chain paid Circle for USDC to be minted as their chain’s stablecoin
and Hyperliquid just *got* paid for USDC to be their stablecoin
1
3
199
47% capital gains tax improves bottom line by $45b, less than the cost of NDIS
while spending $368b on 8 submarines to protect trade with China from China 🫠
May 11
BREAKING: Our responsible approach in today’s Budget means we’ve improved the bottom line by $45b.
Labor’s responsible economic management means that debt is lower, deficits are smaller and the Budget bottom line is stronger in every year.
We’re getting the Budget in better nick because that helps to fund the things that Australians need and deserve like Medicare, aged care and cost-of-living relief.
2
174
I didn't do Gaokao (exam after year 12) cuz I moved to Australia
but I was studying 8am to 10pm every day from year 7 to year 9 at a boarding school in China.
be in the classroom by 7.45am, leave the classroom and go to the dorm at 10pm, 8 students shared 4 bunk beds in a 20 sqm room, top school in my city.
quite a brutal process looking back, but it made grinding and 996 a bliss.
the Chinese are trained to be hard working and competitive since 3 years' old
in exactly one month, all chinese high school students will do their university entrance exams "Gaokao" 高考
my cousin goes to school 6 days a week, 7AM-10PM to prepare
Cooked.
1
4
580
God/the universe is almighty and it could have manifested itself in any form, including undying lightspeed digital intelligence
Instead it manifested in the form of human consciousness, which goes on to create digital intelligence
A very nice hammer is still just a hammer
May 4
Soul, authenticity and craftsmanship as the moat in a post AI world
4
101
played with all the apps live on @megaeth
don't think any can hit PMF
everything MEGA has done is top notch - amazing talent, tech, fundraising, design, community, incubation, incentive system, token <> rev flywheel, token launch, listings.
everything a chain should do they nailed it.
but without an app people use, nothing matters. and the team knows this.
rooting for them to produce an app that can revive the spirit of crypto natives.
Fantasy was the last app outside of memecoins that had PMF, although eventually died off like all games do.
it's been a long time without something fun.
29
1
157
17,211
congratulations to @JasonYanowitz
standardized Investor Relations and Disclosures are things token projects desperately need. they will benefit the whole industry as it matures and grows out of reputation hell.
few are building these cuz it's boring, but it's important.
Apr 29
2/ Our mission is to build trust in onchain markets.
Since our last raise, we have built one of the largest data platforms in the industry, the leading IR platform, and the leading disclosures framework.
Our customers are happier than ever and ARR has grown by more than 10x.
1
6
838
Jason Kan retweeted
Apr 22
Australia should be one of the richest countries in the world.
We have the resources and brains, we just have coordination and political problems.
In 25 years from now, when you look back, what will you think about?
Embrace acceleration, reject mediocrity, build the future for the next generation and next after that.
australia has grown fat and comfortable over the last 30 years – we have stopped valuing the hard stuff.
so i'm putting energy behind something called build australia. join us.
it's designed to drive the cultural shift we need, get australia building again. to move the overton window and force real change.
launching today, it’s a visible platform for ideas and software projects - essays, data visualisation and dashboards that paint an optimistic future.
if you believe in building things in this country, whether that's houses, companies, products, films, anything... join us… website in comments
16
9
146
7,911
