Born too late to explore the world, born too early to explore the universe, but just in time to drive combustion engine cars across the American highway

Microstrategy: Our business model is selling shares to buy BTC >Raises $60B , $37B of it in 24 months during a down market CT experts 2 years later: Microstrategy sold shares and diluted, this is a scam, do their shareholders know they’re doing this??

Claude really is on another level

Perps are the bridge from stocks to tokens but the endgame is tokens. Probably takes another 5-10 years to play out, but the endgame is tokens replacing equity

The bull case prerequisite for ETH is transaction volume. At 15-16 gwei ETH turns deflationary. With current ghost chain activity ETH’s annual inflation is .24-.3% vs. BTC .83% and SOL 4.1% The question is, is the world willing to pay a premium for decentralization and credible neutrality? Retail for the most part doesn’t seem to care. Institutions and Agents are who will answer this question. Maybe MegaETH also brings retail but I don’t think MegaETH has to succeed for ETH to succeed long term I wouldn’t argue that ETH looks attractive based on recent price action or revenue numbers, but reminders that ETH was the fastest assets ever to reach $500B (some AI companies may now have it beat if you include private valuations), institutions are bidding Bitmine at ETH relative weakness, Ethereum still has over 10x the stablecoin TVL of the next largest TVL (besides Tron as USDT transfer rails) If Ethereum can find a market that drives up transaction volume, especially if it’s enough to drive ETH back into a deflationary asset, sentiment and price could turn around quickly. The moat of decentralization is a big gap above other chains and Ethereum has stayed true to that vision. That may be a big reason Ethereum lags chains like Solana and Hyperliquid, but could also be what leads to end up being the chain of choice for tradfi with the markets and assets they’ll be bringing onchain

I distinctly remember last bear market multiple viral tweets talking about “how do we get Bankless to sell their ETH”/“ETH will never pump again until Bankless sells” It took another whole cycle of underperformance but it finally happened. I never expected it could. God works in mysterious ways

This is your reminder that over $125M worth of SOL has been locked forever in memecoin LPs since the launch of PumpFun

What if the gambling/betting secular supercycle is being replaced by a collecting supercycle? Have thesis that over long timeframes, liquidity gravitates away from rigged games and toward fairer games and maybe just takes technology to make the game globally accessible

Healthiest possible outcome for NFTs as a technology layer is for all the TCG RWA buyers to become obscenely wealthy while all the new grift minters become impoverished

Of all the tokens in crypto that started as a grift and made millionaires, $TRON has be the craziest. Somehow became the global default rails of USDT. Significantly higher revenue than Ethereum while barely being known to the world outside crypto natives

Was hoping for $4M uPEG and I knew because I wanted $4M I wouldn’t get it. Should’ve taken $6M, expecting it to run to $30M-$40M Don’t expect the v4 hooks to be that big of a meta because it’s a bit niche and native to a single smart contract. But being fully onchain with interesting mechanics, game theory and liquidity dynamics, perfect iconography for the tech stack, I do expect it to have a place in onchain art history. Speculator initial pump is over, collector base takes more time but will trickle in and then new speculator base will amplify that adoption

Was on a call this weekend talking about Venice and my girl next to me in the car says “did you say Venice AI?” and said she’s used it many times She’s a self published writer in the romance novel online community of young women, and says authors in that community use Venice whenever they need help writing scenes with smut or gore because models like ChatGPT won’t engage or help with that type of writing Pretty cool because it’s rare for normies to know about crypto projects, but I’ve basically never before experienced a normie knowing about a crypto-related company because they use the services of that company without even knowing it has a token

So its from an AI pfp generator created by this artist named Mike Three for the MOG token community where the generator adds pit vipers to any pfp as the iconographic identifier for moggers, and the input was this 1/1 made by the artist Shiro who’s like the Ethereum Foundation manifesto artist and she makes these popular custom pfps inspired by this nft project called milady which is this artist collective and culturally disruptive internet swarm of neo-chibis, and her pfp for me was based on Orochimaru which is a Naruto character I’ve been using as my online persona for the past decade and he’s holding a tubby cat which is this nft community of artists and onchain traders who love cats and open source internet which is my core community within crypto

AI is the best customer service and I just had an experience that highlights it perfectly. Got called by a company, left me a message, I call back and talk to an older Hispanic lady with broken English (nothing against her personally). She asked for my agreement number, I had to give it to her twice, was put on hold for 3 minutes, she couldn’t find any info because agreement was too old past original end date (even though it’s still currently active due to extensions), she tells me she can’t help me and tells me to come in person to a location Total call time about 15 minutes, 20 minutes including first hold time before employee picked up, literally no help, broken English, need to repeat myself, was on hold for roughly 1/3 the time I was on the phone I know the company’s number for their AI agent, I call the AI agent. I talk to an LLM, it pulls up all my details, breaks down original, extensions, estimates additional fees. I ask about 10 questions, each answer is given to me in 5-10 seconds, it gives me everything I ask for accurately, it does math for me at the end using specific inputs at my request which is clearly not a preset structure but true natural language processing, entire call takes 3-4 minutes It’s not even close. I never want to talk to another customer service human again unless it’s a high level professional. I love AI

Interesting analysis from Fountain showing the correlation between ETH and CryptoPunk prices. When ETH is: → below $2,400: the Punk floor stays relatively flat around ~$86k. It barely drops further even as ETH falls. → above $2,400: Punks start behaving like a leveraged ETH play. For every $1 increase in ETH, the Punk floor rises by roughly $60. We’re sitting near the inflection point where that leveraged upside could kick in if ETH breaks and holds above $2,400.

Getting new NFT bottom signals everyday