Fred

@camronmira tastemaxxing

i sense all roads lead to creative/artistic pursuits as the source of human meaning and value in the marketplace

@camronmira @ercwl sidelined?

@ercwl good resource for your research x.com/PineAnalytics/…

Keep in mind that my Bittensor $TAO review was focused on a single subnet two years ago. Yes, then it was shit. And yes, all the other subnets were shit aswell. Also, back then, the idea itself (that you could use consensus networks to e.g. verify inference or anything else of value mathematically and incentivize/prove/reward subnet miner behavior) was tenuous at best. zkML *is* becoming more practical. Still not practical, but becoming more so. Before you reference this takedown, I need to do a new review of current subnets, like Templar/Targon/Ridges/Chutes and establish whether they’re doing anything interesting, and that the Bittensor incentivization mechanism provides irreplaceable value-add other than just subsidizing costs. The fact that you can subsidize AI projects and achieve things as a subnet using the TAO emission subsidization is confusing for people for two reasons: * For onlookers from the outside, it can look like ”Oh, they did X in subnet Y? That’s impressive!” and that may be a valid takeaway * For other onlookers (with more skepticism) it will be a question whether the orchestration mechanism and verification mechanism Bittensor provides actually contributed anything, or if this was just retail speculators/bagholders subsidizing some AI thingamajig and the thingamajig wasn’t useless That’s why the achievements of subnets can be both impressive and unimpressive at the same time. As a more overarching question about all this, it’s about whether AI thematically is so important that it will *force* a marriage between AI projects and crypto liquidity, and that crypto will facilitate useful bootstrapping this way. *That*, I think will happen, and therefore it may be a mistake to chain yourself to the chariot of Bittensor’s demise.

People who don’t organize into tribes get wiped out by people who do.

2026 is all about studying biotech and pharma

my main focus in 2025 will be studying art

@DougieDeLuca spx6900 coded

@jvisserlabs gr8 chat

I finally got a chance to sit down with Felix and discuss the world of macro. We explored many places I have not talked about on other podcasts. I look forward to more in the future.

@QwQiao study stuff like securitized loans supply chain

the most 0-to-1 thing in crypto right now is stablecoin-enabled credit when u can move money at the speed of light, money spends less time "in transit", and more time generating yield

@Debussy100 focus on point 5 debu

@MargincalledG @TopherGMI @0xNotsu 👩‍🦯‍➡️

@Frediscurious @TopherGMI @0xNotsu Aero is here since 2023 token is doing well price wise. Token doing great revenue wise for lockers. What you even yapping about?

S&P 500 ~23.45× Nasdaq 100 ~27.50×

@TopherGMI @0xNotsu i’m just trying to help really

@Frediscurious @0xNotsu

@TopherGMI @0xNotsu just dca spx6900. ily.

Everyone does know that, but they don't look further into it. Most brokerages only take 0 fee on retail orders of US stock trading,.. are not zero fee on all products, take trading fees on size/instos/advanced trading, they have massive stock lending programs to help facilitate that (I used to work at Fidelity) By the time brokerages went 0 commission for US equity retail trades, the system was massively mature in liqudiity to handle that. In crypto, that's not the case at all. As post-October 10 has showed us, we need dedicated MMs. Those MMs are already working with tiny margins. Even so, HOOD is showing companies with elite operators can succeed building horizontally. 11 products run rating $100m annualized. Getting priced 70x multiple. But yes, probably 5-10 years from now we may eventually hit escape velocity liquidity and need to factor that into an investment (we will also need fundamentally valuable assets to do so). I personally don't think it's wise to plan for that far in the future in crypto conisdering what the space looked like 2015-2020 compared to today

Doesn’t matter. Their P/E is so low because the business model is fee-based, and everyone knows fees tend to go to zero for open-source products. All three projects you mentioned have zero long-term defensibility. Aero is 0; Pump and Hype - let’s see how they evolve their product suite.

@Frediscurious @0xNotsu AERO - Has been kicking Uniswap's ass on Base for a year, can expand massively to all EVM chains, product advantage PUMP & HYPE - I'd study the longevity of gaining temporary market share via short term incentives & criming coins higher... they always come back

@blakeir - owning a crypto token is the closest thing we have to owning a religion

Random thoughts: - owning a sports team is the closest thing we have to owning a religion. - in a privacy-first world, everyone should buy property through trusts/llcs

Oldest coin, best coin “Hypergamble into elite status” has become the prevailing narrative in crypto. Everyone’s been led to believe the working class will be rendered obsolete and that we only have 2-3 years left to “make it” before the world spontaneously combusts. While there are plenty of good reasons to be long financialization, the pendulum may have swung too far. Even if speculation has found its product–market fit, living with a 20x leverage slider two inches from one’s life savings can’t be good for the human psyche. @dawndotxyz is @asula_labs' first product and our opinionated response to the culture of hyper-gambling. Bitcoin is the greatest savings asset ever created. Stablecoins have the potential to be the world’s most efficient payments asset. To bring the next generation onto crypto rails, we need to build sustainable financial services around these two principle asset classes. Even foundational services like insurance and credit become meaningfully differentiated when built on better rails with better assets. However, we're far from this future and need input from real users to get there. If you'd like to be one of the first users of @dawndotxyz please join the waitlist: dawn.xyz Also, please reach out to me on twitter or tg if you have thoughts/opinions/ideas on how to make dawn the best savings product ever.

lmao

HIP 4 - Event Perpetuals In this post @rajivpoc @j0hnwang @0xmarc and @0xkrane introduce "Event Perpetuals", a practical design for launching builder-deployed prediction markets on @HyperliquidX

what if someone built an opinion market...

@rarepangolin 🥫