Heading to Dubai for TOKEN2049 🇦🇪 catch me on stage a few slots this week: April 30 (Day 1): Ethereum’s Existential Crisis 🕥11:15–11:55 AM @ OKX Main Stage w/ @0xMert_, @kaiynne, and @kartiktalwar How to Onboard 1 Billion Users to Crypto 🕒3:20–3:40 PM @ KuCoin Stage w/ @santiagoroel May 1 (Day 2): Undercapitalized Alpha: Why Crypto Still Offers Outsized Opportunity 🕛11:50 AM–12:25 PM @ OKX Main Stage w/ @RaoulGMI & @diogomonica If you’ll be around, come pop by. I promise I'll keep it interesting. And no floods this year Inshallah 🙏

AI products fail constantly—in ways both hilarious and terrifying. Regular software throws exceptions. But AI products fail silently. Meet @raindrop_ai : the first Sentry-like monitoring platform for AI products.

ETH pivot now has a tagline. - Scale L1 - Scale blobs - Improve UX If they can pull this off and buy back some credibility, this may be the beginning of the ETH revival. Let's see.

Ethereum the tech & roadmap is the most bullish technology ever created in crypto. It's only the $ETH asset we have to fix & we can (listen below). Thanks for having me on @TrustlessState to talk tokenomics. And thanks @hosseeb for helping/debating me to refine my thesis.

I run it back with @GwartyGwart for the final round of our debate, where we really dig into VC investments + whether altcoins are structurally uninvestible. This one runs almost 2 hours. We get much spicier than we did in part 1. Who do you think won?

Base is for squirting, Zora is for coining, Trump coin is for bribing the President. Crypto is… making progress? This week, we brought on @TrustlessState who tried to help us explain it all. Emphasis on “tried.” ⤵️

Base is for squirting, Zora is for coining, Trump coin is for bribing the President. Crypto is… making progress? This week, we brought on @TrustlessState who tried to help us explain it all. Emphasis on “tried.” ⤵️

As a VC, when I see a corp Twitter account or founder account that's clearly botted (the follower count doesn't make sense, or mundane marketing tweets are getting hundreds of likes), I assume I can't trust any other metric they're showing me either. Just FYI.

“coin this” - @TrustlessState unreal to have these 4 icons at the @CUBlockchain conference today 💙 @hosseeb @tomhschmidt @tarunchitra more to come…..

Joe Weisenthal (@TheStalwart) came on The Chopping Block to ask us why crypto hasn’t delivered on its promises. We explained by yelling about Freeports, Ethereum’s PE ratio, and how Saylor might be too big to fail. We are not well ⤵️

Ethereum’s PE ratio? Joe Weisenthal asked. Catch an existential episode featuring @TheStalwart! Timestamps 00:00 Intro 01:57 Bitcoin's Market Behavior 06:53 Bitcoin as a Safe Haven 15:56 Economic Value in Crypto 19:51 Stablecoins, NFTs, and Worldcoin 36:00 Blockchain's Value in

This was SUCH a blast. I loved joining @hosseeb @rleshner @tarunchitra and @tomhschmidt to talk about something other than tariffs for an hour. And it was my first time ever doing one of these bros just chilling on a couch podcasts.

Joe Weisenthal (@TheStalwart) came on The Chopping Block to ask us why crypto hasn’t delivered on its promises. We explained by yelling about Freeports, Ethereum’s PE ratio, and how Saylor might be too big to fail. We are not well ⤵️

Give me your best argument of why ETH/BTC will turn around from here.

playing every game is the surest way to lose in poker (and investing)

Every poker player learns this early: "Game selection is everything." Meaning: only play games you can win. That means knowing—really knowing—how good you actually are. There's only one reason to play a game you're not winning, which is for learning. Just make sure you know the difference.

We're running this back for Part 2 of my debate with @GwartyGwart later this week. The first part of our debate focused on first principles, and what's the value of an L1. Second debate I intend to focus on VC, and whether VC investments, tokens, and decentralized tech is investible. (Gwart's initial claim is that VC investors are either fools or scammers and that the whole lot is going to 0.) What else should we settle in part 2?

We're running this back for Part 2 of my debate with @GwartyGwart later this week. The first part of our debate focused on first principles, and what's the value of an L1. Second debate I intend to focus on VC, and whether VC investments, tokens, and decentralized tech is investible. (Gwart's initial claim is that VC investors are either fools or scammers and that the whole lot is going to 0.) What else should we settle in part 2?

Just struck me that we’ve created the most intelligent systems in the universe—and we’re basically giving them away for free right now. This is wild. I wouldn't have expected this. Every once in a while, technology reminds you not to lose your sense of wonder.

So my Twitter fight with @GwartyGwart escalated into a full-on podcast. (It happens.) In Part 1, we debate the question: are any of these L1s, aside from BTC, actually worth anything? @tarunchitra played moderator. Who got the better of it?

Note: I make one word salad point about needing to measure inflation net of staking rewards, which makes no sense. (All PoS inflation goes to stakers.) Ignore that. My point about IRR *net of staking* being the relevant performance metric still stands though.

So my Twitter fight with @GwartyGwart escalated into a full-on podcast. (It happens.) In Part 1, we debate the question: are any of these L1s, aside from BTC, actually worth anything? @tarunchitra played moderator. Who got the better of it?

Consensus seems to be that ETH/BTC chart will reverse if Ethereum scales the L1. The most important part of that is:

To turn around ETH/BTC, Ethereum mainly needs to:

Legendary quote from Hasseb in this Pod: "Our job is to notice the present, not predict the future." From pod with @AndrewSteinwold

we really got 1 billion transactions on testnet before GTA 6

The IC3-Cornell Blockchain Accelerator had a special guest appearance by @hosseeb from @dragonfly_xyz >l< He shared advice on fundraising, pitch decks, and how early-stage projects can make a lasting impression on investors. Bookmark this 🧵 if you're raising this year!

$OM was a top 25 token. It dropped 90% in 90 minutes. Turns out: liquidity illusions are easy to build, and the unwind is a doozy. How do we stop the next one? Here's my proposal for public market-making disclosures ⤵️ (Also preview my morning routine as a newly minted KOL)

OpenAI's Consumer Companion Play ChatGPT benchmarks have found that the new default model praises and compliments users at a level never before seen from an OpenAI model. This model swap occurred prior to ChatGPT's memory update, so we used the API to test! 🧵(1/4 benchmarks)

$OM was a top 25 token. It dropped 90% in 90 minutes. Turns out: liquidity illusions are easy to build, and the unwind is a doozy. How do we stop the next one? Here's my proposal for public market-making disclosures ⤵️ (Also preview my morning routine as a newly minted KOL)

gmonad

This is very well said by @tylercowen. The new @OpenAI o3 + o4-mini models look incredible. Scaling has not hit a wall. What did you think AGI would look like, anon? The future is here, but not evenly distributed. Learn to leverage these models or get left behind.

For the first time ever, I hit #1 on CT mindshare according to @KaitoAI. I am officially a KOL now. No turning back. Turns out, defending the honor of downtrodden VCs and infra mega-raises was the formula for populist success. My niche was hiding in plain sight. 😤 https://t.co/P8nf99nscy

Totally unhinged 1:1 podcast with @miaferrariii where I talk her out of being depressed about crypto. The vibes are too negative! We also discuss AI romance scams, ChatGPT therapy, and why we're going to have to grow babies in test tubes. Both fun and completely ridiculous.

Investor checking in. We don't want our money back. I don't want to pick on Mosi in particular—he's an important voice and I'm glad he's being vocal. But I want to push back on the broader zeitgeist he's representing. There's a wave of malaise around new crypto infra right now, and it's misplaced. What I want to say is: blockchain tech is not done. Hard drives didn't stop scaling after 1TB. Memory didn't stop at DDR3. GPUs didn't stop after A100s. They did not throw up their hands and say "well the infra is good enough, there's more infra than anyone could want, we should all just focus on applications now." Ethereum was created less than 10 years ago. Do you really think that's it? We're done? No more? If you look at where we are now, it makes sense! "Why do we need Monad to run AAVE or Pump? What we have is fine." But this kind of complacency about progress never ages well. Blockchains will grow and evolve. More and more of the world's financial transactions will move on-chain. If you don't actually believe this, why are you here? Paul Krugman thought the Internet would have "no greater economic impact than the fax machine." Steve Ballmer said the iPhone would have "no chance of gaining significant market share." Ken Olson dismissed PCs, believing there was "no reason why anyone would want [one] in their home." Timnit Gebru pronounced that LLMs were merely "stochastic parrots." Even Larry Fink denounced Bitcoin in 2017 as "an index of money laundering." Each of their takes were accurate at the time that they said them. They didn't buy into the hype. But each of them was flat out wrong. Because technology only ever gets better, and the exponentials of human ingenuity are very difficult to foresee. Yes, I know—"there are too many VC coins." Don't let market woes blind you to the bigger story. Blockchain technology isn't done. There is so much more to improve. Do you really think there aren't new ideas worth trying? That by the year 2040, all of the good ideas already existed in 2020? I don't think so. So let them cook. Maybe it won't be Monad. Who knows. Building new ecosystems is hard. That's what they signed up for. But if we want more than 10-20M people using public blockchains, we are going to need real breakthroughs. And ultimately, every technology lurches forward one idea at a time, one ambitious founder a time. The kind of people who won't take "it's already good enough" as the answer. Believe in something.

if clarity had a spokesperson in this space, it’d probably be @hosseeb. just the logic you can’t ignore. brooklyn | june 24-26

A vigorous debate with @patio11, one of my favorite writers and podcasters. He's a noted stablecoin skeptic, and after listening to his podcast with @ZekeFaux, I had to write in and defend of the legitimacy of stablecoins. Who got the better of our exchange? 👇

DeFi is now the majority of the crypto lending market. Don't be evil => can't be evil

What will it take for ETHBTC to turn around? @hosseeb said it best: The market needs to truly believe there is new chapter in Ethereum Say it, signal it, and credibly show it

Welcome to the Avail ecosystem, Lens Chain @LC! 🌱 This is SocialFi at full scale—programmable applications, user-owned data, and a seamless UX—everything built to 100x Web3 social. Only possible with Avail DA.