Rufio

@scupytrooples Get it, Scoops!

This post hit me hard. Back in 2021-2022 when Alchemix was more at the forefront of the DeFi mindshare, being the face of the project, I began to temper my posts as to not piss people off and to be a good ambassador. Then as the bear market began, I caught a ton of strays where people would dunk on me if I disagreed with them in the slightest by posting the (admittedly bad) ALCX chart. Because I poured my heart and soul into my project, such repeated public beatings shook me deeply and made me withdraw from the court of public opinion. I had censored myself as to not reflect poorly on the project and later on to protect myself from harsh critics and toxic poasters. Eventually I lost my voice and only occasionally shitposted, careful not to draw ire from others. Over time, I feel like this self-censorship has dulled my ability to think and explain to others. Ironically this has hurt my project because it was my voice and clarity of thought that attracted people to my project, and thats why you barely see me post about it anymore. So going forward, I’m going to be a lot more raw, like I used to be. Sometimes I will say stupid things out of passion. Sometimes my predictions will fail horribly. Sometimes I may offend the wrong person. When I’m wrong or erroneously hurt others with my words I will own it and try to correct it. However, I will not hesitate to protect myself by using the block button if people are unfairly toxic to me. I’m done censoring myself.

@eric_seufert Tried hard…still can’t read this chart.

Market Capitalization: $APP vs. $SNAP

@daddysether Because everyone knows deep down that it’s Ethereum’s world and they are all just trying to live in it.

Why can't I ever get anyone to give me a straight answer about why other L1s are exploring L2s if there is a risk of "liquidity fragmentation," the very thing that is supposedly killing Ethereum. It's almost as if it's a complete and utter psyop. If you have an opinion about something, at least be willing to debate both sides of the argument and back up your opinion with facts.

@Jamie1Coutts @JustDeauIt @coinbase @RobinhoodApp Coinbase has decent lead being onchain tho

@JustDeauIt @coinbase @RobinhoodApp nice delineation. Any guesses on other potential TradFi L2 spin-ups (PayPal, etc)?

The most interesting fintech battle for the next 5 years is going to be @coinbase vs @RobinhoodApp . Below are some of the battlefronts they’ll be competing on: 1. Trading. Coinbase charges trading fees, Robinhood does not. 2. Tokenization. Robinhood is already a registered broker-dealer & exchange. Coinbase has a license that is currently not being used. 3. Staking. Both firms can monetize assets on platform via staking. RH doing this already in Europe, and Coinbase in the US. Staking can make both firms look more like a bank over time. 4. Stablecoins/payments. Coinbase has a very strategic relationship with Circle around USDC. Look for Robinhood to get involved here (recently came out with a new credit card). 5. Derivatives. Robinhood has a strong futures & options offering today. Coinbase launched it’s new platform a little over a year ago. 6. Lending on crypto assets. Robinhood has a growing business allowing users to leverage equity shares. Coinbase offers overcollateralized loans on crypto assets to select users today. 7. Prime Brokerage. Robinhood is focused on Retail. About 2% of Coinbase revenues come from Prime Brokerage/Institutions. 8. Infrastructure. Coinbase has Base — an Ethereum L2 that generated 1.6% of top-line revenues in Q2. Look for Robinhood to potentially build on Arbitrum (existing deal RH wallet). Meanwhile, existing banks, brokers, clearing houses, and financial service providers seem to be stuck in place, waiting for permission from regulators to innovate. _____ If you’re interested, I’m sharing an upcoming data-driven deep dive on Coinbase with 7k + readers of The DeFi Report. If you’d like it to hit your inbox when it’s published, see the first reply below 👇 Data: @base monthly active users (11.6m) and USDC stablecoin supply ($2.9b) powered by @tokenterminal

@Gigamesh Why can’t you just not like him? Is cancelling him and anything he’s touched really necessary? He’s not doing anything illegal is he?

@scupytrooples @Evan_ss6 Scoopy knows 🤝

growing fear this could be the last 4 year cycle causes levels of fomo never seen before. bitcoin 250k+ eth 20k+ the rest: have moments outperforming btc and eth but the cycle doesn’t end with the typical 90%+ downturn, maybe only 30-40% this time, which then ends the “is crypto dead?” narratives this then fixes the perception among the laggards until they finally get in, igniting a never ending super cycle with never ending opportunity with the hot balls of money that end up staying in the ecosystem

Retweeting any and all bullish propaganda Go

@cmsholdings @twobitidiot Given the wispy cirrus clouds and shallow tidal waters…

There goes “Alcoholic Ryan Selkis” again. Murdering convicted fraudsters from the beach. I am the one who knocks. ✌🏻

@hosseeb @twobitidiot @balajis @lexfridman Dude dropped absolute bangers on actual solutions to deeply entrenched societal problems that no one else is proposing solutions for and your takeaway was to get more twitter followers earlier in life?

Finally listened to @balajis's ~8 hour @lexfridman podcast from a year ago. Fascinating throughout, but this stuck with me—Balaji's #1 piece of advice to a younger version of himself would be to build your his audience and distribution from a young age. If you don’t tell your own story, the story will be told for you. The flip of “winners write history” is if you don’t write history, you will not be the winner. You must write a history.

@indexcoop ETH is definitely up more than 67% since Sept ‘23.

BNB has quietly been the 2nd best performing digital asset behind SOL this cycle SOL +760% BNB +204% ic21 Large Cap Index +102% BTC +80% ETH +67% Do you have exposure?

@cburniske Fondling or fondly. Same same.

$ETH is 1/3 the network value of $BTC, with < 1/10th the daily issuance, and these approvals are coming as a market surprise - if flows are anything near the #Bitcoin ETFs, you'll be fondling recalling these next few months to posterity.

@sassal0x Like Jordon wearing the four five…HE’S BACK

So, did you study May 23rd?

@DefiMoon @econoar Other assets like SOL etc are still too small for Larry to go after. Next cycle maybe. Blackrock only plays at size size.

@econoar Nah, Larry Fink probably thinking real hard about which altcoin ETF application to file next....

@chintanturakhia Will there be a Square POS integration anytime soon or is @jack to anti-ETH for that?

we are doing this. it's happening.

@jpthor89 Yea was more referring to having enough energy to productively use your time. You can have time but if you don’t have the energy, then not gonna get much done.

@RegulatoryJason Hopefully they’re finally getting it.

2/ That the House Ag Committee Subcommittee Ranking Member on digital assets voted yes in spite of Waters whipping No votes and the threat of a Presidential Veto. "Dem leader and expert on #crypto votes to overturn Gary Gensler's SAB 121 crypto custody rule." This is a rarity.

1/ Of the 21 Dems as @taylorjbarr pointed out, Rep Yadira Caraveo voted yes on HJ Res 109, Rep Yadira Caraveo, MD, (D-CO) is the RANKING MEMBER for Democrats for the Subcommittee in Ag on DIGITAL ASSETS. Holy schnikes, that is not just a random Dem. That’s a mutiny!

@RegulatoryJason Love to see it!

@jpthor89 Energy *more important* than time.

@daddysether The L2 bit is the scary part. There is no technical requirement that forces ETH to be the native fee token for L2s is there?

ETH is the most productive asset in all of crypto. - Acts as both a 'money' and SoV. - Native fee token for both L1 and L2s. - Can be used as collateral throughout DeFi. - Used as a staking asset that returns consistent yields.

@dankomaxi @daddysether You're conflating two types of money danko

@daddysether Eth is a terrible money (and I hate selling it). But it is arguably the best collateral you can have to get money (whatever the locals want).

@pythianism @RuneKek Hard agree. BUT. Won't primitives eventually be obfuscated and abstracted away anyhow? Or is that just the end-user experience and devs still want/need that brand and community?

@RuneKek Oh but I didski

all financial and blockchain primitives will be commoditized and only branding will set them apart in the end only community will matter