CodinCowboy
38.1K posts

CodinCowboy
@CodinCowboy
decentralized tech, art, and vibes | all views are my own


The Robinhood Chain is the cleanest case study of what happened to ETH's economics over time. Since inception, @RobinhoodApp Chain has grossed ~$816K in revenue. @Arbitrum, the middleware provider, takes 10%: ~$80K. Arbitrum then pays Ethereum for settlement: $1,538. The margin profile roughly: Robinhood: 89% Arbitrum: 10% Ethereum: 0.15% If your thesis is "ETH is money," Robinhood building here is ultra bullish. More activity, more ETH collateral, more lindyness. If your thesis is "ETH is a revenue generating asset," this is the ultra-bear case. And here's the uncomfortable truth: Robinhood was never going to build on Solana, Sui or any monolithic L1. They want the stack customization. They want to be landlords, not renters. Ethereum won this deal on merit. It's just not pricing it right. A healthy split to me looks more like: Robinhood: 75% Arbitrum: 10% Ethereum: 15% Ethereum sells the most valuable settlement layer in crypto at marginal cost. Things need to change. @ethlabs_org


Beautiful agentic side face, nice pfp change @jcsoxiety (even if Previous @ChimpersHQ was incredible too 🙉) Side face is not a trait in @normiesART but it is very rare. Sometimes it is subjective and some normies are more side face than others From the launch on normies some collectors including myself tried to collect this feature This is my 3x3 side face grid. Only the last one is modified (agent btw), and there is also a beautiful cat girl 🖤













New pfp on @opensea Mobile to celebrate Robinhood Chain launch Who dis?


Pivot to Robinhood












