Sam

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Sam

Sam

@0xCryptoSam

investing @recvcx | prev @messaricrypto, @ether_fi | opinions are my own, not financial advice

New York, NY Katılım Aralık 2021
898 Takip Edilen11K Takipçiler
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Sam
Sam@0xCryptoSam·
I’m excited to announce that I’m joining Reciprocal as an investor! (@recvcx) This is certainly an interesting spot to enter crypto venture. For the second time in its relatively brief history, DeFi is at an inflection point. While I have some ideas, I’m not entirely sure what it will look like next. What I do know is that each cycle, infrastructure improves, crypto protocols get better, and conviction hardens. We’ve had more products go mainstream in the last couple years than ever before. That is what matters. I’m excited to take on the mission of finding, investing, and supporting the next era of great crypto companies with an incredibly talented team. Onwards!
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AJC
AJC@AvgJoesCrypto·
You are welcome to sell your $PONS because of the Bonk launch on Robinhood Chain, but just know that @ponsdotfamily has done over $100K in revenue over the last 24 hours. The people's launchpad will prevail.
AJC tweet media
AJC@AvgJoesCrypto

.@ponsdotfamily is crushing it and revenues are still increasing! Over $63K in revenue in the last ~23 hours! $PONS

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Sam
Sam@0xCryptoSam·
@WestieCapital its more to the sentiment that CB is moving towards an institutional user base, but every new product launch (AI advisor, prediction markets, perps, onchain stocks) is for a retail user base. not that targeting one is objectively better than the other, but i am confused by the OP
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Westie (rev/acc) 🟪
Westie (rev/acc) 🟪@WestieCapital·
If it hasn't been obvious yet, Coinbase is entirely narrowing in on the growth of "institutional" crypto and has completely abandoned the "degenerate" side of crypto. An understandable move after the SocialFi push blew up in their face but if you're expecting Base to continue to be an interesting onchain trading venue for speculation you are misguided
Brian Armstrong@brian_armstrong

Regarding the recent buzz around my profile picture changes and some feelings that the Base community isn’t being supported enough: I appreciate the feedback (even if tough to hear) and I realize you wouldn't take the time to respond unless you cared. It seems I wasn't clear enough setting expectations for all of you, so let me try and do that now: please don’t follow my personal X account for investment advice or signals around individual coins. I’m simply posting things I find interesting or funny on the internet. I may not even be aware if there is a coin or project attached to the content I'm posting (you should assume I'm not, to be safe). My posts and profile pics are also not endorsements or commitments to anything. Base is our shot at building foundational infrastructure for financial services where we can all innovate together. That includes tokenized stocks, borrow/lend protocols, stablecoin payments, etc and yes even meme coin trading. I believe in economic freedom, and support you trading whatever you want. Just realize that if you're treating my X account as alpha, you are doing so at your own risk, against my wishes. I would never recommend this. On the topic of “support” from the Base team or Coinbase, there seems to be confusion around this too. There are many tokens we would like to list on our centralized exchange, but can't for compliance and regulatory reasons. If you want Jesse or me to pump your bags or shill certain coins, we're also not going to do that. Here is what we are committed to on support: we run in-person Base Batches and issue grants to high potential builders, Coinbase Ventures and the Base Ecosystem Fund also invest in the most promising companies building on Base, and we periodically integrate promising Base defi protocols into our products at Coinbase which enhances distribution. I might even mention something on X if I think it's interesting, but again, this is not investment advice. In general, we bias toward supporting projects that we believe will create long term customer value. You may like this approach or you may not, but either way hopefully it creates clarity going forward, so you can decide what you want to do. I respect your choice, either way. P.S. I still might post memes if I think they are funny! It's still not investment advice.

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Sam
Sam@0xCryptoSam·
Hosting a private dinner next weds in NYC. Looking to invite people building or investing in Decentralized AI - DM me if you're interested.
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Sam
Sam@0xCryptoSam·
@donovanchoy Lots of investors have been bought out atp, unsure at what discount but can’t imagine any of those buyers are deep in the money if at all
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Donovan
Donovan@donovanchoy·
@0xCryptoSam isn't it the unlocks that is crushing the price?
Donovan tweet media
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Sam
Sam@0xCryptoSam·
It makes no sense that CARDS is down >60% from the local top. Gacha activity + fees cooled slightly but the trend is still very much intact and Jupiter is providing new DAUs. Everyone is paperhanding because a couple memecoins sucked liquidity, the lack of patience for one of the only crypto companies that actually makes money is truly absurd.
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nic carter
nic carter@nic_carter·
From an ecological perspective, western frontier models are a common pool resource that Chinese open weight models exploit. They are finite, because if you exploit them too hard, they lose the incentive and resources to train new models, and everyone loses. (Chinese models aren’t magically good, they are good because Ant and OAI spend a lot of money on training). If you think about it like a parasite/host relationship, Chinese models are a parasite that needs to calibrate its exploitation so that the host doesn’t die. Kimi arguably made a mistake. It overexploited the host and imperiled the Ant OAI growth story. So at equilibrium you’d expect open weight models to “tastefully” exploit the western frontier and choose to remain 6 months behind and slightly inferior capability wise. However perhaps Kimi, Qwen, GLM, deepseek etc may not be playing an equilibrium game. They might be under orders to puncture the American lab growth story, even if it means killing their own host. Maybe the time is now because OAI and Ant are most vulnerable ahead of the IPO. Maybe Xi just had a bad day. Or maybe Kimi defected from the gentleman’s agreement that the Chinese labs share to not kill the host that they all rely on.
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AJC
AJC@AvgJoesCrypto·
Took a position in @ponsdotfamily ( $PONS ) as I believe it's trading at a significant discount at these levels. In just 4 days of being live, PONS has accrued $190K in protocol revenue. AFAIK, all protocol revenue is used for token buybacks, resulting in 18.35% of the supply being burned. At $3M FDV, PONS is trading at roughly 0.17x buybacks annualized. As a comparison, solana:pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn trades at roughly 9.7x buybacks annualized ($1.4B FDV / $142.2M buybacks). At current prices, protocol revenue would need to fall *98%* for PONS to just match PUMP's price-buyback ratio. Furthermore, that would equate to ~$1K in daily protocol revenue, which seems easily attainable given that PONS is currently operating at 47.5x that ($47,500). TL;DR: PONS is probably the cheapest crypto token out there.
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Sam
Sam@0xCryptoSam·
Bobby@bobbybanzai

More $CARDS buybacks from Collector Crypt #activities" target="_blank" rel="nofollow noopener">solscan.io/account/3nGNwi… The wallet has been receiving USDC from the Gacha wallet (GachaNgyXTU3zFogQ8Z5jR2BLXs8215X2AtEH18VxJq3) every 4 hours for over a month. It's been buying back $CARDS with the USDC: over $280k in the past few days, on top of ~333k tokens before. Still >$80k left in the wallet, with more coming in every 4 hours. This is another manual buyback from the team, following the pre-seed allocations buybacks and other market buys previously mentioned, worth a few million $ in total. Looking at revenues and other important metrics: - $16M net revenue last month - DAU up 71% MoM - $411M in gross volume - $3.3M in Secondary Marketplace volume - >$40M in Tokenized assets - 8 figures in gross revenue from CC infra API partner With all major updates ahead, I'd say this is only the beginning.

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Skewga.hl
Skewga.hl@skewga_capital·
For anyone wondering: I’ve been silently building Skewga for the last 6 months, it will be back much more complete and 100x better for traders/investors in general. Pretty sure everyone will find something interesting in there.😼🤝 Will talk more about it soon✨
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Damnlines of NYC
Damnlines of NYC@damnlinesdotcom·
Craving NYC pizza? Check the line first.
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nathan chen
nathan chen@nathancgy4·
man ignore the benchmarks and the race i just want there to always remain a frontier level intelligence model that is open and safe, available to everyone regardless of region it is truly incredible to have built such an open (and strong) model with a group of genuine people
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Emad
Emad@EMostaque·
US labs gonna end up distilling Chinese models
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Sam
Sam@0xCryptoSam·
@jt_developer i don't think market size on it's own is the correct way to assess what areas of crypto are worthy of our attention. if we were going based off that, why are we still in crypto and not all spending our time on AI or energy?
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Jacob Firek
Jacob Firek@jt_developer·
@0xCryptoSam i dont understand the infatuation crypto investors have with collectables Theres theres much larger sectors like banking that are also growing onchain rn
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Sam
Sam@0xCryptoSam·
@tbpn @ryanameliab "what was your interview process for Founders Fund like?" "they made me look every tech oligarch in the eyes and call them a liar"
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TBPN
TBPN@tbpn·
BREAKING: MAFIA star @ryanameliab has joined Founders Fund as a Partner
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Sam
Sam@0xCryptoSam·
linking a good framework for tokens like this. for any token like CARDS you accept the risk that there could be no network ownership and they could rug. that means you should a) be compensated for that risk via some form of value accrual, and b) you need to trust the operator. both are true for CARDS. they do regular buybacks and have been forthright about waiting until further regulation to restructure the token (gotta trust them on this but I do) and Tuom is a top-notch founder. this is one of those tokens where you either have/build an informational edge or you don't. same as what I did for GRASS. x.com/knimkar/status…
Kuleen ◎@knimkar

With all the discourse around $VVV and $GRASS, it's finally time for me to drop my Simplified tier list on asset structures in crypto: -------------- A+: Public equity or @MetaDAOProject ownership coin B+: protocol level buy-and-burn with no / minimal leakage ($HYPE, $GEOD to a lesser degree). OR the approaches teams like $MORPHO and $SYRUP have taken (no equity, only token) C: no external equity holders, non-founders only hold token, but you trust the founder(s) ($GRASS, $CARDS) D: token + external equity holders , but you trust the founder(s) ($VVV) F: pretty much everything else -------------- A few big picture comments: - There is a huge gap between A+ tier and everything else - Everything below A tier to hinges to some degree on “just trust me bro” wrt the the founders. It’s just that the amount of trust you need to have goes up the further down the tier list you go. So for the B+ structures you don’t need as much trust, but for the D+ tier you need a lot of trust because the founder has to fight external shareholders in any case where interests between token and equity conflict - The price action on $GRASS, $CARDS, and $VVV have been in part trust reratings on the @0xdrej , @tuom, and @ErikVoorhees imo, Implicit signaling that trust in the founders exists / has increased - In all 3 of tokens mentioned above, I think the trust is warranted. That said, there are certain scenarios, esp acquisition, that will really stress test this trust and token holders are just praying to the heavens they won’t get shafted. And the historical track record indicates they will - yes I am glossing over structural differences between tokens for the sake of simplicity ---------------------- Edit: it has been brought to my attention $GRASS should be considered B+ tier given the Foundation owns the IP and earns the revenue. I think that is reasonable edit

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