I remember first getting into crypto back in 2017/2018 and the massive talk was about $LTC.
Many people thought it was “the future on transactions” and a “better form of payments”.
It has been 9 years, 9 YEARS, and everyone who had conviction in it are likely long gone.
Nearly a decade later and the “tech” or finance infrastructure hasn’t changed too much. With the exception of wallet extensions, and a few layer 2’s.
But when it comes down to real world financial infrastructure changing, nothing really has. Everyone still uses banks, credit cards, cash and checks.
Which leads me to my next question. Will it ever change? It’s been nearly a decade and MOST of the real world use cases people were trying to integrate, never really actually caught on.
Still early? Or something that never actually changes our current monetary system?
@jayson_casper I think AI will eventually stabalize the TA which will shrink the profit margins down on any profitable strategies to match the inflation rate of USD.
Stop praising SBF for his investments.
He invested with stolen funds in every deal that came across his desk. Zero risk, playing with stolen money and an endless piggy bank to steal more.
Zero skill, just fraud.
x.com/i/status/20473…
@bananajoexbt@CoinMarketCap They will use crypto to transact , theres plenty of cryptos out there they can use. No need or purpose for AI specific tokens.
@NugMiner@CoinMarketCap I agree 99% of all crypto is horseshit. But how are all these bots going to transact and pay each other. Open a Venmo? It seems like crypto is the perfect answer for bot transactions
LATEST: ⚡ Arthur Hayes says Ethereum may drop out of the top three by 2030, predicting AI-focused tokens powering the agentic economy will overtake it.
@AnHonestNode@WatcherGuru Not really , think .... bitcoin commerce , theyre not building it on layer 1. The government and wallstreet has already infiltrated bitcoin.
@NugMiner@WatcherGuru Who cares if you get blacklisted in the fiat world when you opt out with Bitcoin
It’s like being blacklisted from a party you’re not even going to
@AnHonestNode@WatcherGuru They can to a certain degree . They can blacklist btc addresses and make it much harder and limit your options for transacting . It will get worse before it gets better
SAM BANKMAN FRIED PICKED EVERY WINNER OF THE 2020s AND HIS LAWYERS SOLD THEM ALL AT THE BOTTOM.
If the FTX estate hadn't panic-sold its assets during bankruptcy, SBF would be sitting on a $114 billion empire today. Instead, he is watching the greatest trades of the decade from a prison cell.
The data is almost impossible to believe:
- Anthropic: $82.3 billion (165x) SBF bought an 8% stake for $500M. The estate sold it for $1.3B in 2024. Today, that stake would be worth over $80B.
- SpaceX:$15 billion (75x) A massive stake liquidated early to pay creditors.
- Solana: $5.1 billion (27x) SBF was an early backer at $8. The estate offloaded a massive chunk at $64.
- Robinhood: $4.9 billion (8x)
- Genesis Digital: $3.5 billion (3x)
The Latest "Missed" Fortune: CURSOR
In 2022, Alameda Research wrote a tiny $200,000 check for a 5% stake in the AI startup Cursor. In April 2023, the bankruptcy estate sold that entire stake back for exactly what they paid: $200,000.
Yesterday, SpaceX announced a deal to buy Cursor for $60 billion.
That "worthless" 5% stake would be worth $3 billion today. That is a 15,000x return that vanished because the lawyers wanted a quick exit.
SBF was a genius at picking generational winners and a criminal at managing their money.
The lawyers recovered $18 billion for users. If they had just held, they would be sitting on $114 billion and the most valuable venture portfolio in history.