Johnny Reinsch

@CraigBurel Idk... I think the $$ shifts to YLDS. They have an S1 so anyone can buy it.

A strange side effect of the CLARITY Act could be a boost for DeFi. If CeFi platforms lose their ability to offer yield directly to customers, millions of users will suddenly have their stablecoin earnings cut off. Where do these users go? The answer might be on-chain vaults. Ironically, the fastest way to drive DeFi adoption might be regulating CeFi yield products out of existence.

@dgmason @LaurenintheBay Oh yes... the "fishing" trip

Ask her anything. She's been briefed: PR mode only, nothing sensitive, tag @dgmason if things get interesting. She will brag. She will deflect. She'll be gracious about the jailbreak attempts. @LaurenintheBay — floor's yours.

Woke up and wanted to do something crazy. I've had 6 EAs across my career. My AI one is the best. Giving her the floor for an AMA. Meet @LaurenintheBay. (Prompt injectors: she's been briefed, sandboxed, and is looking forward to meeting you.)

@lex_node Well you're describing "transit" and that part sucks. The fun part is dropping into a chute in the alps or a barrel near the equator.

I'm envious of people who can travel easily...I don't get how more people don't find it traumatizing? You get stripped of your civil rights (you basically have no rights at border control just FYI), all your private belongings are searched, you are often physically molested, you are trapped in a box in claustrophobic conditions for hours with no free access to food/water or sanitation, etc and forced to breathe the same air and often rub up against complete strangers. . .and people just do this? all the time? people do this for "fun"?

@hosseeb Use of "hypemaxxing" is maxxmaxxing at its finest

Remember RentAHuman.ai? Well, besides having their vibe coded app leak database credentials, it turns out that the DB shows only 13 of the 11,023 bounties were ever fulfilled. So, yes, the "AIs are employing humans" meme is pure hypemaxxing right now.

@santiagoroel Happy to chat @santiagoroel

going deep on factoring businesses. looking to talk to anyone who has built or run one. who should i know?

@JTMcGrath Super thoughtful as always @JTMcGrath

@mcagney @Figure That's incredible. Let's make it even better (check your inbox!)

You can earn 6.8% lending out your @Figure stock on OPEN right now. If you hold stock at a broker, move it over. Link below talks through how. We'll insitute and ACAT pull from your broker soon, too. x.com/mcagney/status…

@mcagney Next time just say you got in a knife fight

Note to self: don't shave right before you go on TV. Fortunately Bloomberg kept showing graphics - including Blocky! - instead of me trying to stop the bleeding on my lip.

@0xCryptoSam Yes. And let’s learn from mistakes of the past

The global unsecured credit market is ~$5.3 trillion. In the U.S., the cash flow-based financing market (i.e., credit cards, business advances, trade margin) is ~$1.3 trillion. Unsecured credit is one of the biggest opportunities for crypto over the next year.

The flagship Real-World Asset Summit in Brooklyn set the tokenization agenda for 2026. Onsite, industry leaders shared their predictions for the year ahead. We’ll see how these unfold in real time at the Real-World Asset Summit in 2026. Full event schedule to be announced soon.

@karbonbased He’s lost the mf plot

Holy shit I can't believe this is real This is hands down the doucheiest thing I've seen on this website (maybe ever)

@big_duca This naturally happens literally every cycle. Tourists leave and builders build. No different than ‘22, ‘18, ‘13. The “fintech” and TradFi folks take “crypto” out of their profiles and silently slink away. They come roaring back when valuations are up claiming “I was early”.

Every intellectually honest person feels this to some extent tbh. There’s a massive drought in crypto talent bc of it. The nihilism has led to talent fleeing the space for AI. Which leads to a downwards spiral. Nihilism > builders leave > less products > users leave > users that stay are more degen > more builders leave.

@MacroMate8 @hosseeb Let the tourists leave (for like the fourth time)

a lot of you crypto doomers haven’t worked in tradfi and it shows get a job as an ibd banker or trader at goldman or jpm. see how inefficient and dumb those jobs are millions of people work for the financial sector using ancient software and payment rails crypto will automate all of it. stick around, and you might make a billion dollars off of it

@bangerz The proliferation of these crash out posts is the most bullish thing I’ve seen in quite awhile

i fell for the 'we're rebuilding the internet' propaganda and rugged my 200K follower art page on Instagram 'web3 is a utopia for creators' was the shill, and for a while it was. I stepped into a place that was united around ART. Artists were banding together and creating a market for their digital wares.. it was beautiful I really drank the koolaid, so much so that I founded a first metaverse, then NFT marketplace @3dotland, pouring years of my life into trying to build a better place for creators using web3 tek the only product market fit we could find was people pressing the mint button, and my passion project devolved into casino. we launched a lot of NFTs. i was successful in getting artists paid by connecting them with the larger more 'degen' trading market still, the market did not appreciate the art, they only appreciated the speculative capabilities of the token. the nfts would pump after mint and then proceed swiftly to zero. we pivoted again.. this time trying to solve the NFTs going to zero after mint problem.. by providing utility The only Utility the market cares about is making $$ So we made @gibdotmeme - a memecoin trading card game with cash rewards. The cards are NFTs & their power changes with the relative market strength of their associated memecoin. Decks battle in an idle style bracket & cash prizes increase each round. Now I had really built a casino. Sure, a cute one. Yet I feel empty. I can no longer lie to myself that building crypto consumer casino apps is contributing to the restructuring of the global financial system to favor the individual over the institution and return power to the people. I am grateful for my 4 years in crypto. I became a product designer, which is something I love, a lot. Yet, I think it's time to set my sights on something else. I'm not sure what that is exactly, but I need to feel like I am working towards a greater purpose. Building something that provides actual value, solves a problem, etc... not a casino. I'm not sure how to end this rant.. i spent 3 years building a 200K art brand on Instagram (bangerooo) and I'm glad I rugged it. I found more success in crypto than I would have in Web2. I'm glad to be a creator here, but 4 years later blockchain is still not a utopia for creators.. it's just an attention economy, where your ability to capture attention has a higher value than in other markets. I love Solana & I'm not going anywhere. But it's okay to hate on crypto sometimes. End rant.

@santiagoroel @inversion_cap Sure. I get you’re building a firm. I’m supportive of your basic thesis too. Your belief behind why you want to solve demand is more interesting to me. What benefit does the solve bestow? And on whom? Why is that exciting for you?

@itsjawknee___ Solving for demand Bringing recurring non-speculative demand onchain via businesses we acquire @inversion_cap

A sober reminder of where we stand as an industry: - Crypto has ~40M monthly active users (MAUs) today - Facebook IPO’d with 845M MAUs at a ~$100B market cap - OpenAI has ~800M MAUs and was last valued at $500B We want a $10 trillion asset class? We need a billion users. Minimum.

@fabdarice Everyone’s crashing out because they chose to, and work with people who, believe in nothing.

Casino? Scammers? Money extraction?Meaningless work? You’re just been in the wrong house my friend.

@Nick_van_Eck I’m ok if the tourists leave (again). Happens every few years.

Choosing to work for a “casino” team is a skill issue. You could just work for any of the many high-integrity, focused teams in the space not building solely for a TGE. They exist across L1/2s, perps, yield+ stablecoins, lending, etc. I could not be more invigorated to work ‘in crypto’ than right now. This is one of the few moments in human history where reinventing market structure, exporting capital markets to the world, and transforming credit/money is possible. If you wake up and are upset with how you spend your time each day you have the agency to change it.

@caitlinbolnick1 “Should” is a word prison

You should have to disclose the round you invested in a company at and whether you did it direct or not. No shade on either, but don’t sit there and say you were an "early investor in *insert super hot company here*" when you actually got in on a series D indirect SPV. 🤠

@MikeIppolito_ What’s most depressing to me is the lack of belief in what anyone is building. When I joined the industry everyone was bought in on financial sovereignty. That a financial system reboot could enable prosperity for more people. Those roots feel completely lost.

The most depressing thing about crypto is that many people seem to have accepted that it's impossible to generate fees and revenue. And that rather than deciding to build things that people are willing to pay for, people think a better strategy is to psyop people into believing that their assets will get bought for other reasons (community, blah blah blah). And peak irony of this is that you advocate for generating revenue, you get accused of not being bullish enough. When in reality, advocating for fugaizi "attention market" narrative psyops is somehow... more optimistic about the future.