Larry Sukernik
@lsukernik
Followers
9K
Following
45K
Media
3K
Statuses
19K
IMO, the better dividing line between are crypto networks quasi-economic entities owned by token holders versus ideological and social movements is are you a dispassionate finance brain type or do you care more about being part of a movement, with all its zest and zealotry.
1
0
4
Joined crypto in 2016 and thought revenue is going to be an important metric for non-bitcoin chains since then. 🤷🏻‍♂️.
You can instantly identify somebody who joined crypto after 2021 - because they think chains are companies with revenue and token value arising from extracting a take rate. You can easily tell somebody who joined crypto before 2021 - because they think protocols are open.
1
0
6
For better or worse, one key lesson bitcoin taught people is if you can convince enough people of something, it becomes real and self-perpetuating. Doubly so if people have an economic interest in it. Not a fan of financial zealotry, but can’t deny it sometimes works.
ETH is the next BTC. It will be obvious in retrospect.
2
0
8
Based on anecdotal conversations, many teams are trying to revive their token by using revenue to do buybacks/dividends. In and of itself, this won't do much. At the end of the day, investors want to see organic revenue growth/traction more than just value giveback.
10
3
26
Always fascinating to see how the startup/venture market works in a stepwise manner (rather than linear). Long periods of plateau in productivity, followed by briefer periods of intense activity . Crypto is very obviously in the latter period now.
5
0
6
On a more serious note, interesting to contrast how cohesive Robinhood’s product strategy is compared to Coinbase. One company is product-driven, while the other thinks like an investor in terms of bets.
0
0
6
Suspend disbelief season in the market is always like summer. You look forward to it, it feels great, but then if you stay out too long you’re bound to get burned.
2
0
7
How many experiments do you run until you say the hypothesis was invalidated?.
. @WakaFlocka is now running an onchain native GTM where fans are coining songs onchain paired to $FLOCKA . this is the new creator economy we're building.
4
1
66
Will be interesting to see what happens to Circle’s stock when lockups end in Dec and rates go down around the same quarter.
4
0
10
Public markets sure seem to be buying the story that stablecoins will be disruptive to existing payments giants
3
0
6
Incredibly important addition to crypto markets. Hope this takes off.
0/ Token markets are broken & suffer from information asymmetry & hidden risks. We're changing that. Introducing the Token Transparency Framework, a new standard for leveling the playing field.
2
1
14
Heard from a Brazilian operator that the IOF taxes in Brazil are pushing people to sidestep them with stablecoins. Would like to better understand these developments. If anyone is familiar, please DM!
1
0
5
Have been blown away by the applications we've received so far. If you haven't applied yet, there's still time — we're accepting applications until the end of this week!.
0
0
5
Hyperliquid is currently trading at ~50x annualized revenues, with 100% of revenue being volume-sensitive . For reference, here's a screenshot from chat showing multiples for other US-based exchanges . The market is is essentially pricing Hyperliquid based on the L1 premium even
6
0
19
Have a very unique opportunity for someone who is a former/current investment banker + crypto native. Please DM!.
0
0
6