Mike Dudas
59 posts
Mike Dudas
@mdudas
investor @6thManVentures // co-founder @button @theblock__ @linksdao
Connecticut Katılım Temmuz 2007
802 Takip Edilen288.3K Takipçiler
Been thinking about this for a while. What if you created a stablecoin that was pegged to $1 but instead of inefficiently locking up loads of capital, you back it with a second token
I know it sounds kinda risky but if it drops below a dollar, people can burn the other token and redeem it for the stablecoin. If it goes above a dollar, they can just sell the stablecoin and redeem it for the other token.
I feel like this might work if it captures a flywheel and builds up a sufficient ecosystem to support the daily buying and selling pressure + arbs.
What am i missing here?
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genius act passed july 2025, stablecoin market cap has doubled since
everything we said about regulatory clarity is manifesting
sec/cftc token guidance + clarity act is next great unlock, golden age of crypto-enabled apps and businesses loading
TBPN@tbpn
“We’re in the top 1% of universes that we could’ve hoped for.” — Paradigm’s @matthuang John: "What’s your read on the crypto regulatory environment right now?" Matt: "Things are going well. The GENIUS Act passed, and that’s been huge for stablecoin adoption." "Obviously, stablecoins were growing before that, but a lot of the enterprises we talk to weren’t really comfortable participating in stablecoins until the regulatory clarity." "The next stage — hopefully we get market structure and the CLARITY bill passed as well. There's some last details to work through between the banking industry and crypto, but I’m feeling optimistic that we can sort through that."
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U.S. Securities and Exchange Commission@SECGov
INVESTOR ALERT 🚨: Investors should never rely solely on information from group chats in making investment decisions. Be wary of any group chat where you receive investment advice from someone you don’t know – this is often how scams begin. ow.ly/upFW50Ytysa
ZXX
@mdudas @fintechfrank I want to know the dudas fashion choice if chosen
Nice pair of blue jeans, a t-shirt (maybe a polo) and some new balance sneakers?
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@CharlieSandor @P2Pdotme @MetaDAOProject @multicoin afaik multicoin is investing in the metadao sale in meaningful size, but you don't want them taking down the whole thing cuz you can't run a decentralized, regulatory resilient protocol with a single investor owning 25% of the business
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@mdudas @P2Pdotme @MetaDAOProject @multicoin Multicoin's last fund was $430mm - if they have conviction, why don't they take down most if not all of this round?
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@_Dean_Machine @P2Pdotme @MetaDAOProject @multicoin ranger revenue literally went to zero after the sale, futarchy worked as intended
i'll leave it to the reader to infer whether the revenue pattern here was organic
x.com/TheiaResearch/…
Felipe Montealegre@TheiaResearch
Okay so Ranger ICO - Launched at $0.800 - Revenue went to 0 immediately post launch - Ongoing disputes about who said what etc. but ICO investors who held ACTUALLY MADE MONEY (2.8% while entire market dropped 30%) Tokenholders Rights powered by MetaDAO
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@_Dean_Machine @P2Pdotme @MetaDAOProject @multicoin no it won't
and i'm not "shilling" anything, i'm sharing the thesis of the company's current lead investor
we have no exposure to p2p, but are metadao investors and agree with the thesis expressed on this type of capital formation + governance and where it makes sense
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i'm as confused as you are by the pace and ferocity of tech and societal change
anyone who tells you they have it all figured out - the best ai agent setup, tribe / connections, total clarity of vision - is larping
this is the best time to be alive: experiment, ask, learn, win
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Mike Dudas retweetledi
@vibhu @italoacasas @tokens makes sense actually, so more top of funnel exposure for the assets, positive sum
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@mdudas @italoacasas @tokens x.com/vibhu/status/2…
Here is more but, the goal is to support a news account that is connecting assets to real world events
It’s not a generic token explorer for Solana
vibhu@vibhu
First product out of the new @SolanaFndn products team is @tokens Foreign assets on Solana have many variants, e.g. there's no canonical Bitcoin or Gold Tokens aggregates all strains into a single place, and will soon offer a few very helpful and novel APIs as well😉 The underlying reason we built this was to power a news account, which with a combination of AI + human editors will surface global headlines + link to the relevant assets to trade. We're uniquely positioned to build this because: a) it presents a neutral view of assets b) a neutral view of where to trade or use the assets c) we have a privileged view of which tokens represent which assets
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ebay of onchain assets, eg non-fungibles, is the only winning play for @opensea
don't undersand why they're pursuing the "everything app" approach that everyone else is
they own a niche that will explode in size as unique collectibles come on chain
simply a matter of when
Kawz@0xKawz
Don't understand why Opensea tries to go after token swaps and perps. Who is the target user for perps on Opensea? Think there's opportunity for real NFTs. Not the speculative side. Replica luxury items are getting good, every Rolex/designer item should have an NFT counterpart
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