old school degen
@notyetadegen
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used to believe in cash flows and good governance. increasingly embrace the chaos
Singapore
Joined January 2019
So the solution here is obvious: Chinese VCs should not agree to be recapped by Benchmark or anyone else when they invest in Chinese founders going out to the US. If the Benchmark’s of the world require a cut out, tell your founders to raise elsewhere.
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I’ll say the loud part in Asia out loud for the Americans: we all think Benchmark wants to own Chinese companies going out to America and kick the Chinese VCs out. Hence Hongshan investing in any company in the US is a threat to their PnL. Which exists solely from regulatory BS.
Founders Fund was deeply critical of American bankers making money on a Chinese company IPO in Hong Kong. At the same time, Founders Fund co-invested with a Chinese VC firm in an American sleep/ biometrics company. If Chinese capital can make money on American IP, American
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What’s going on under the water line here? Why Benchmark? Why now?. Curious minds want to know
Apollo neck and neck w Waymo. Key difference: car is “way” cheaper. Like $30k vs $175k. Big diff. ROW will be the battleground.
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I haven’t followed this, but OP mentions a bid of $110m-ish of alt coins (ZRO) for $92m of stables and ETH. What would a market maker pay for that $110m of ZRO? . Less than $92m? So this is just a treasury raid of the cash and liquid ETH for funny money?. Hmm
HAHA, wow. Wormhole put in a last minute counter-bid against LayerZero to acquire Stargate, which the LayerZero team originally launched. This while in the middle of $STG holders voting on the LayerZero buyout. Have we entered a protocol M&A bull market? . This is gonna be fun.
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As someone once said to me, there are many different types of lawyers in crypto. Choose the type you want carefully!
@SnapshotLabs @robmsolomon @0xPolygon Enemies are bad for business and you just made one. I’ll report back on how bad in 12 months if you want me to count how many protocols I get to choose an alternative to snapshot. Just let me know.
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Nice contrast with @HyperliquidX. Makes you wonder what all that money and all those developers are being used for, doesn’t it?. IIRC, Binance and FTX also both took less time, money and personnel to build market-leading businesses. What’s being built here?
someone please tell me how @monad will be any different from the countless other L1 vc chains that have launched and gone to zero. claim your airdrop, sell it all and bridge off the chain. same shit everyone else is going to do. don’t be let holding the bag this time.
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Easiest pitch ever: we will pay you 10x more, give you equity and you will face less competition. This is reality most emerging market talent when they see the US.
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I love banging this drum so I’ll bang it again. C suite and senior investment personnel at some of the best known companies and funds in crypto are often paid like a Blockworks podcast editor. Gotta ask what incentives that creates and why they don’t to the US
10+ open roles at Blockworks right now. - VP content ($250k).- VP product ($250k).- VP sales ($400k+).- Senior data engineer ($160-200k).- Research analyst ($120k).- Senior research analyst ($130k).- Data analysts ($120k).- Senior protocol strategist ($135k).- Manager of
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RT @satsdats: The monad CT trading cards makes you realise just how small this space is. CT is maximum 5-10K active people?.
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When certain people see a comprised business, they fly to it like a vulture waiting for a crawling baby to die. Unlike the vulture, they don’t care whether the baby lives or dies. They just suck it dry of cash. Because why worry? There’s nothing a compromised owner can do
🚨Controversial FTX Lobbyist Mark Wetjen Joins @okx . Wetjen: former Commissioner and Acting Chairman of CFTC. He received full releases and exculpation for any misconduct related to FTX—and was awarded $1.9 million just hours before FTX bankruptcy filing. Now, he's being paid to
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Getting a bit tired of this take, because it’s so out of touch with the government and politics I’ve seen. The better tech analogy is that the government is like Peter Thiel (and his deputies) and the guys solving the engineering problems are like the Thiel Fellows
This intro is such great framing for the two nations. I suspect it will be quoted for decades. Engineers and lawyers.
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RT @OW3NBTC: The great thing abut X (compared to LinkedIn) is that it calls out BS - the Story Protocol Founder exit being a perfect exampl….
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RT @edison0xyz: Why are people so angry about the "get a job" comment?. Getting a chance to work is great. You accumulate capital while sta….
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No view on price short term. Just a view that “it’s weird,” it’s obviously not natural and oh boy if you want to choose a coin that’s overvalued the only thing distinct about ETH is maybe the liquidity?.
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Comment: The fear mongering around ETH on my timeline is again easily 10x stronger than I’ve seen for any other major token in years (except ETH). The same people do *not* act this way towards any other token. Why this focal point? Why so persistently? What’s the game?.
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Some of these coins have been around for more than five years. What's preventing the market from becoming "efficient?".
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Two things I wonder about a lot are:. 1. Who is still buying these coins? What are their motivations? What games are they playing?. 2. How much money is being made, in aggregate, helping founders, teams, foundations and VCs maximize their proceeds from liquidation?
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You might think that Story would cause the cost of capital to go up. After all, it's been an open scam since day 1 and investors include "people who matter" . But. you'd be wrong. Because they're all making money!. Current status:. Valuations: HIGHER!.Cost of Capital: LOWER!
Generational Exit. > $130M funding from VCs.> Grayscale trust and Treasury co for max bid from tardfi retards.> One of the best Crimed up charts in the history of Crime.> Less than 1% float allowing it to sustain a 6 BILLION val on a $45 REV chain.> Exit at the Top 6m after TGE
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They come for the inflated valuations, retail liquidity and lack of legal enforcement. If they don’t want this, they mostly do not come
After 3.5 years building Story from scratch, I’m stepping out of my full-time role. I’ll stay closely involved as a strategic advisor. While incubating Poseidon, I rekindled my original passion from my DeepMind days: applying AI to frontier industries like science and space.
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Just saw a deck for a combined DAT and stablecoin rollup. It would be created because the token’s foundation isn’t “for profit” and doesn’t adequately seed the ecosystem. Anyone want to guess the foundation? List some of the things its members do? Or opine on the pitch?
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