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Prithvir
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Meta has 2x the engineers of the entire crypto industry.
Crypto = 23,613
Meta = ~40,000
We are still so early.
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Prithvir
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The Incerto series is impressive to college seniors with a perfunctory understanding of stats and classics. In hindsight, it's a bunch of sloppy stochastic rambling. Nassim couldn't trade successfully, so he wrote books. His hedge fund faced losses of 8.39%, 13.81%, and 3.92% in 2001, 2002, and 2003, so he shut it down. Johnson is a successful entrepreneur who earned $300 million from selling his payments company. He is now literally putting his "skin in the game" toward discovering secrets that will improve the human condition. History will look to Bryan Johnson with reverence and to Nassim Taleb with vituperation.
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16 Years of Bitcoin Today 1. Oct 2008: Satoshi publishes the whitepaper 2. Jan 2009: Genesis Block mined 3. Oct 2009: First exchange rate published (NewLibertyStandard) at $0.00076 4. Feb 2011: USD parity reached at $1 = 1 BTC 5. Jul 2016: Second halving supply cut at $650 6. Oct 2017: SegWit upgrade activated at $6.47K 7. Aug 2020: MicroStrategy's first treasury buy at $11.8K 8. Sep 2021: El Salvador adopts legal tender at $46.81K 9. Jan 2024: SEC approves first spot ETF at $46K 10. Dec 2024: First pro-btc president elected at $102.9K What major event will we see in 2025 that posterity will read about? @0xandrewmoh, @0xmughal, @2lambro, @arndxt_xo, @crypto_linn, @cryptogideon_, @cryptomanran, @dynamo_patrick, @hmalviya9, @jake_pahor, @krybharat, @milesdeutscher, @rektdiomedes, @saushank_, @the_smart_ape, @thedefiplug
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Hot take: All the gen ai to frontend code apps are slop factories. v0, cursor, replit, rollout, bolt, and lovable are mildly impressive but more or less just sloppity slop. Tasteful designers still mogg ai.
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Digital Assets Outlook 2025 Franklin Templeton @FTI_US > AI Agents > DePin > Stablecoins > Favorable regulation > ETFs > DeFi
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A normie friend was dumbstruck when I explained how @pumpdotfun coins are further from unregistered securities than infra tokens. Memecoins fail 3 out of 4 prongs of the Howey Test. 1. A memecoin is not a common enterprise: There's no veil of utility, potential revenues, or cashflows. It's literally just a meme. The fortunes of the investors are not linked to each other or to the success of the enterprise as a whole. 2. There's no efforts of others: With a fair launch, there can be no insiders. There are only open market participants. No team or promoters exist. No profits are generated primarily through the efforts of a promoter or a third party. 3. There's almost no expectation of profit: 99% of memecoins lose money. They're just fun. Any expectation of profit is speculative and incidental, not intrinsic to the token's purpose. 4. Investment of Money: This is the only prong of the Howey Test that memecoins pass, as there must be an investment of money or other tangible value. So pump coins fail 3/4 criteria of the test. Insanely ironic how community launched memecoins with no fake utility are more legally compliant than the BS high-fdv low-float infra tokens that raise 100s of millions of dollars before launch.
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