Optimistic storyteller of frontier technology. The chaotic side of @Bankless

Joined April 2018
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Crypto wasn't created to make you rich It was created to set you free.
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This is so embarrassing They just don’t understand capitalism, or believe that net-new wealth can be created through innovation and hard work Crab is in a bucket behavior
Elon Musk just became the world's first trillionaire. This needs to be a wake up call.
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Merely having wealth is not itself justification for taxation You just hate the wealthy
Reason #1,000,000,000,000 why we should tax the rich.
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This week, Hester Peirce gave her farewell remarks Hester gave us hope throughout the Gensler Era, and was able to kickstart Project Crypto after he was gone Thank you @HesterPeirce for being the principled regulator America needs and deserves 🙇‍♂️ Enjoy the beach!
“Hester Peirce has been a light for when we needed it the most in the darkest of nights.” - @TrustlessState After nearly 30 years in DC, Crypto Mom is moving to the beach. While Gary Gensler was releasing office hours, Hester was releasing critical, principled, and courageous remarks. “She’s always been the SEC’s biggest critic, which is why we love her the most.” Thank you, Hester.
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Agree that Tom Lee is the most important thing to $ETH and Ethereum right now Which… I have mixed feelings about. It wasn’t my original vision for Ethereum for the value of ETH to be in the hands of a single entity. But it seems to be that way. BTC too for that matter.
“Tom Lee is the most important thing happening in the Ethereum ecosystem right now. It’s not even close.” -@RyanSAdams He piled $18B into . He’s down $10B. And just this past week, @fundstrat bought nearly another $250M. @TrustlessState says one thing that could make him bullish again: Ethereum’s L1 burn Tom Lee copying Saylor’s playbook
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Axiom in the front, Polymarket in the back The perks of being onchain anyone can distribute your protocol for you
Prediction Markets. Get paid to trade what happens next.
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Lots of attention on SPCX today But don’t let that distract you from onchain opportunities! Cap doing a Uniswap CCA Starting @ 75m (same as VC seed) No personal exposure to cap, just want novel primitives to succeed! Will be watching closely
The Cap Token Auction has opened to the public! For the next 5 days, anyone who has registered for the auction can participate. @UniswapAuctions created a handy guide on how it works 👇
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David Hoffman retweeted
Many of our customers have told me that TDR Pro is sort of like an "easy button" for following the crypto markets. I cringe a bit when I hear that. Because it's definitely not easy to do what we do. But if our track record makes it *look easy,* I'll take it. The truth is, I'm trying to solve every problem that plagues the research/data/influencer/access-to-information space with one simple product anyone can access for $16.67/month. The problems we solve? 1. Portfolio first approach. We are investors with skin in the game. Full stop. We simply build our own data sets to inform that research (which we do not sell). 2. Aligned incentives. That means our incentives are aligned with our customers. We win when we create ROI for others. 3. No conflicts of interest. We cover crypto networks and protocols. We do not work with them commercially. Why? That would tarnish our ability to do unbiased research and serve our customers. 4. Transparency. We share access to our active portfolio every trade we make. 5. One voice. All of our research, data, and portfolio management decisions are made by me. Not from a team of inexperienced analysts who may or may not be influenced by groupthink and/or commercial relationships. 6. Honesty/integrity. We are not perfect. When we get stuff wrong, we are happy to admit it and learn from it. We will never gaslight/deflect. 7. Focus on Service. The DeFi Report is run like a "Mom & Pop" service business. I answer every single support ticket. If you have an issue, you deal with me directly. ---- The reality is that our competitors would run the same model if they could. But it's hard to turn down easy money when crypto protocols want to give it to you. It's hard to be transparent with everything you do. It's hard to get it right when your bottom line depends on it. It's hard to answer every support ticket. If it were easy, everyone would do it. To the extent that we've had success, I believe it's because we do it the *right way.* The hard way. ---- If you'd like to check us out, we're currently offering one month free access to our annual plan at a 20% discount ($16.67/month). See the links below if you're interested in signing up 👇
If you want to know when the crypto bottom is, it’s simple. Just follow @JustDeauIt
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David Hoffman retweeted
Jun 12
Trillionaire.
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🤯 wow Chads @MikeIppolito_ @JasonYanowitz Blockworks arc crescendoing
1/ Blockworks has acquired Messari. We’re bringing together crypto’s two largest data and market intelligence platforms.
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Blockworks Acquires Messari Blockworks Acquires Messari Blockworks Acquires Messari Blockworks Acquires Messari Blockworks Acquires Messari
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David Hoffman retweeted
“The World Coin Cup.” @Polymarket’s World Cup market is already insane. - Spain: 17% - France: 16% - Portugal: 11% - England: 11% - Argentina: 9% But the wild part? There’s $2 BILLION on this market.
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The world needs more trillionaires
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David Hoffman retweeted
We took the fight to the podcast. Full 20 min debate on the Ethereum not ETH fallacy. Still friends.😉
The Ethereum not ETH stuff is the mental fallacy that triggered me into writing and podcasting in the first place. There is no strong Ethereum without an ETH worth trillions. Without ETH as a global store of value, Ethereum is a failed project. Full stop. ETH is economic bandwidth for DeFi. It is the only asset maximized for CROPs, fail at high value ETH, fail at CROPs, fail at Ethereum. Saying you’re bullish Ethereum not ETH is like saying you’re bullish America not the American economy. They are one and the same - economic engines. Better to admit Ethereum is a failed project than “Ethereum not ETH”. So spew that weak blockchain not crypto stuff out of your mouth, it doesn’t make sense for BTC, ZEC, ETH, or any truly crypto native project.
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$2.35 trillion us american dollars
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David Hoffman retweeted
Would you be saying this if ETH was $10K? @TrustlessState and i squared off on Ethereum for 30 mins yesterday. I think i'm getting to him.
WEEKLY ROLLUP: The Bottom Signal Everyone Is Watching bitcoin:native is back at Biden-era prices, ETFs are bleeding, and Saylor just did the thing he said never to do: sell. @RyanSAdams and @TrustlessState unpack whether crypto has one more drop left, what trillion-dollar IPOs reveal about broken capital markets, and why their ETH debate may be the real fight for Ethereum’s future. [TIMESTAMPS] 0:00 Intro 3:07 Markets - @aggrnews - @WatcherGuru - @zoomerfied - @KobeissiLetter 30:11 IPO Season 36:29 Bankless Guys Are Fighting - @steweycrypto - @RyanSAdams - @TrustlessState - @Tommyb631 55:39 @Morpho Flips @aave - @0xLouisT 58:04 ZEC Vulnerability & Jason Calacanis’ Crypto-to-AI Tweet - @Jason 1:02:55 Hester Peirce Almost Out - @hesterpeirce 1:06:03 World Cup Starts 1:07:26 Closing & Disclaimers
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David Hoffman retweeted
🟢 Out now for Bankless Premium subscribers 📅 Out on public feeds Monday, June 15 Sign up for Early Access & Ad-Free episodes👇 bankless.com/podcast/perps-a…
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Chain-centrism is dead Product-centrism is in
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Andy watching customers opening his packs
Jun 9
Replying to @Cooopahtroopa
It is just so damn good
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David Hoffman retweeted
Claude Fable 5 is now available anonymously on Venice
Introducing Claude Fable 5: a Mythos-class model that we’ve made safe for general use. Its capabilities exceed those of any model we’ve ever made generally available.
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I asked CFTC Chainman Mike Selig what he thinks about Hyperliquid @ChairmanSelig's response: "I heard Hunter Biden is a big fan of that one"
EARLY ACCESS: Perps Are Coming Onshore | CFTC Chairman Mike Selig For years, crypto perps grew offshore. Now the CFTC says... we're bringing perps home “We want the industry to survive, to thrive and to build here in the US.” Unlock access to the episode with @ChairmanSelig of the @CFTC now 👇
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