Lou Smith

@EthosVentures @JustDeauIt What you’ve described is why proof of work doesn’t work.

@JustDeauIt Zcash value comes from encrypted value at rest. People don’t need to transact in ZEC for ZEC to be valuable. No one pays for coffee with BTC or gold yet they represent a $35T market cap

Zcash averaged 4.9k transactions/day over the last 90 days. That's down 40% q/q, but up 374% y/y. But the chart reveals something else: There has been no increase in users' desire to transact privately since Zcash launched in 2016. ---- Can crypto natives make normies care about privacy? Can Zcash reach 10% of BTC's valuation without anyone outside of crypto caring about privacy? We shared a full data-driven breakdown of Zcash with readers of @the_defi_report Full report in the link below 👇

@robustus @JustDeauIt If anything this shows the failure of proof of work. That’s why moving to proof of stake is smart.

@JustDeauIt Fwiw, the investment case is more about the set of people who want to *store* wealth privately increasing over time, not so much the set of people who want to transact day to day with a private cryptoasset.

@21redgrapes @EmersonDickie And also is it better or worse than Bittensor?

@21redgrapes @EmersonDickie What is a fair valuation for it? I had hardly heard of it but now I’ve seen it mentioned several times so I am trying to think and understand.

Pearl rides no coattails. Is not beta to anything. Did its own thing. Bittensor was similar in the early days. Revealing.

@BaggerWalmart Where is Pearl traded?

no ones too big to not use the OTC desk steady lads

@lurkaroundfind @cburniske Do you think Bitcoin will drop?

@cburniske Translation: Saylor sold BTC for the first time ever this week, to repay that debt. He will announce the sale on Monday, which will send BTC spiraling down. Saylor will be blamed, but Chris thinks BTC would have dropped anyway.

Saylor will get blamed but it was always in the cards.

@lesabrefomo @kelxyz_ Where is the Pearl token traded?

Think it plays out very similarly to how nockchain did in the beginning. Low supply, inflated prices due to otc being only market, massive miner overhang, etc This takes months to find a balance and iron these things out. Eventually tho these things get worked through and it bottoms at some point. I’m a very interested buyer at that time. The proof of useful work category is very very interesting tho and think it becomes massive imo

Pearl is novel which is nice to see in the doldrums of the current crypto market I'm curious on how or if it will be able to survive the early miner overhangs that make new PoW continuous issuance projects suffer. Ppl are spinning fleets of datacenter grade chips to throw at this, costs are high, PRL token utility looks far away. AI bitcoin narrative is attractive but early mining dynamics of BTC with laptops feels categorically different to H100 mining At these prices the game looks more like a very clever 3,3 situation than one that can yield persistent cost structure changes for inference. Thinking in public as the team seems quite sharp and a cosign from a real co like Together is meaningful. Not to mention the community surrounding is active so im hoping Sisyphus et al. will tell me why im thinking about this wrong and how this opportunity is worth 60 bucks at least. Tbh i hope so, I respect all pumps as is tradition.

@EmersonDickie Where is Pearl token traded?

Not concerned about price so understand that price can go do it’s thing, ebb & flow in short term. But do not think it is like nock at all. Nock rode coattails of ZEC : privacy narrative. Pearl showed up and immediately showed the demand for it.

@EmersonDickie @gaintheory_ What is it?

@gaintheory_ Boy have I got a SoV for u

next cycle we should do no new tokens and no airdrops just SoVs getting the attention they deserve on a global scale

@0xFrenxbtdotxrp How do you view Useless from here

Really cool video 👇

@BaggerWalmart @BittexXBT I still don’t know but I’m getting emotional so I deleted because I’m so mad in so many ways, not at you just in general of my own stupidity and I’m so annoyed at myself

@SnakeGreener @BittexXBT you can say whatever narrative you want just look at them

traded like a meme, end like a meme ?

@Fred_qf1 @swansonbenson0 Was it really?

@swansonbenson0 as rhino said the Swanson benson acc was sold now u not funny just negging so sad… for the real owner

Loracle is short 50m 1.5m Hype tokens, Orderbook depth from 44 to 50 is 564,065 HYPE He gonna face a shit ton of slippage closing into this if a lot of them pull and we a just a half decent bid? over 50 it’s staked af 1m each block

@BaggerWalmart @BittexXBT Meaning what?

@BittexXBT silver leg next

@BittexXBT How so?

The next months may be the easiest markets you'll see for the next 5+ years.

@stogolp How?

you can become a millionaire in 5 years by making $15,000 per year

@0xamericanspiri I read many comments saying it is the future of AI innovation but I have yet to see an explanation of what it even is or does.

@SnakeGreener Selling emissions

This is because $TAO is riddled with insiders and VCs, no bid outside of them. $TAO will have a reflexive downward move soon or more bleeding. $370 -> $240 when TradFi at yearly highs. Ew.

@0xcoinn @BaggerWalmart What about Fartcoin though

@BaggerWalmart It’s the Bitcoin of memecoins imo

spx6900 has outperformed Bitcoin by 30% since their 2025 bottoms

@crypto_condom @KaneCapz @AviFelman What about crypto?

@KaneCapz @AviFelman Yes sir. 60% in cash and happy.

Market relief for 2 weeks. 4/20 going to be lit

@KellyMinkinFan @AviFelman Are you seriously acting like that’s not a lot?

@AviFelman wait, that's all you got??