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Profesor Utonio
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Profesor Utonio
@quienesfacundo
just psyops 🧉🇦🇷 @Delphi_Digital l prev. Growth @MakerDAO
Hogsmeade Katılım Şubat 2018
646 Takip Edilen3K Takipçiler
In a market with an oversupply of blockspace and too little demand to match it, distribution is the only thing that matters.
The players best positioned to own it are obv tradfi companies (RH, Stripe, Coinbase, Circle etc)
I expect none of those will ship fancy new zk ai tech in their chains, and it won’t matter.
The irony is they’ll probably onboard more users into crypto than all of the high performance chains, simply by embedding crypto rails invisibly into products people already use.
If you’re still optimizing for block times instead of focusing on killer apps ngmi. Competing with corporate chains on distribution with just another fast L1 is a dead end
hyperliquid
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@Tiza4ThePeople Look at the good side of it: $TIA is now closer than ever to generating the REV needed to justify its NPV
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-78.9% since this tweet
Insiders selling their bags is fine, but we really need to add a mental disclaimer to "KOLs" shilling their bags, specially when they're illiquidly big
You should think of it as a marketing effort, not honest discourse. Let's not turn insiders into KOLs
Chris Burniske@cburniske
1/ Still longing $TIA while haters spinelessly pile onto the downside momentum. When @CelestiaOrg recovers, it's not me that will be haunted by the thought, "Instead of jeering, I could have been buying $TIA < $5."
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@0xkyle__ Thanks for reading 🙏
Maybe as intelligence becomes a commodity, this word will evolve into something new as we develop new standards
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@OnchainLu uncertain future ahead us
we're entering a world where 'GPT this' becomes the new 'google it'
but just like not everyone knows how to search the internet effectively, only those who know how to prompt accordingly and are aware of how LLMs work will thrive over those who are not
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currently sitting in a coffee shop watching the girl next to me ask o3 which party to go to tonight
not 'help me think through this'
literally 'make this choice for me'
makes me wonder what the future will look like...
next week: 'chatgpt should i marry this person'
next year: 'grok should i have kids?'
how bout we don't let this become the norm
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>Once a rollup CLOB has the same UX, superior security (no multisigs) and enough liquidity from early adopters, why wouldn't you bridge over?
network effects. it’s easier to build a centralized protocol first and decentralize parts of the stack later if needed. doing it the other way around is much harder imo
> Hyperliquid itself is proof that decentralization wins if it doesn't sacrifice UX, otherwise why not stay on Binance forever?
are you saying HL is decentralized? 🤔- reason 1: regulatory arb
> Solana is sufficiently decentralized, Hyperliquid isn't, yet Solana can't offer the same UX, whereas rollups can.
yeah, the Solana example i was referring to is that if L1s (like Sui, Aptos, etc) keep verticalizing to fully own the stack, there’s simply no room left for external layers like altDA
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> As proven, users don't care about any of those values, as they're not impediments to using one chain or app over another.
Most users don't care, however the 10% that do can sway the entire market. Taleb explains: medium.com/incerto/the-mo…
You don't have to be an extremist cypherpunk to dislike storing your wealth on a chain with 4 validators and multisig bridges. You just have to be aware of it and then every multisig hack keeps you up at night.
Once a rollup CLOB has the same UX, superior security (no multisigs) and enough liquidity from early adopters, why wouldn't you bridge over?
Hyperliquid itself is proof that decentralization wins if it doesn't sacrifice UX, otherwise why not stay on Binance forever?
> The perfect example is obv Hyperliquid, or even Solana.
Solana is sufficiently decentralized, Hyperliquid isn't, yet Solana can't offer the same UX, whereas rollups can.
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Optimism earned more fees from chains part of the Superchain through revenue-share deals (~44M)* than what those rollups (and all rollups posting DA/proofs) paid in blobs to Ethereum (~12M)
If all (valuable) economic activity take place within the Superchain, and OP pay minimal blob fees to Ethereum, then REV will be higher for OP > Ethereum.
For some people, that should translate into $OP being valued higher than $ETH
Ethereum bears the cost of security/DA and subsidize it, while letting L2s capture ~all economic upside.
See the future that awaits you, Celestia.
*I know this number is not pure profit as Optimism has given $OP grants to some chains to build within the Superchain (e.g. Ink, BASE)
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@ssaintleger @blobscan @SuperchainEco are any of those teams live on mainnet and gaining traction? genuinely asking as i don't know them
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trend has already reversed imo
e.g. there are several strong teams building CLOBs with celestia DA
in a sense, hyperliquid is the exception that proves the rule here
the team had to build it with a colocated validator set, because there was no other way to build it at the time
and the returns were in building it first, that way
but the next leg of scaling and latency has to come from somewhere
and if you squint closely enough you can see where
x.com/nickwh8te/stat…
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> DA with native interop + embedded light nodes has stronger network effects imo
yes i agree, lazybridging could be a huge differentiator.
> it's not. DA is not storage
in the context that i outlined in the OP, this is the case, as AWS is taking market-share that otherwise would go to Celestia in the form of DA.
> we're still super early (think dial up era or 2nd inning)
it's still a thesis without validation, and i don't see anything that indicates a reversal of the trend (from my pov, i could be wrong ((as always :P))
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> Apps rely on AWS because they *have to*, it's not the same as with Celestia
DA with native interop + embedded light nodes has stronger network effects imo
> But the bear case for Celestia is exactly those values. As proven, users don't care about any of those values, as they're not impediments to using one chain or app over another.
it's not either/or x.com/_weidai/status…
> it's kinda ironic that AWS could be considered a competitor to Celestia
it's not. DA is not storage
> i'm growing more and more skeptical that it's the final form crypto will take
we're still super early (think dial up era or 2nd inning)
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Even though the AWS/Celestia analogy seems fair (and I have used it), i think it falls short to some extent
Apps rely on AWS because they *have to*, it's not the same as with Celestia. it's true what you said: it's easier to delegate these infra costs for them in web2.
The difference i see with crypto is that apps don't really *have to* rely on an altDA if they decide to go the fully centralized route. If you think about it, here it's kinda ironic that AWS could be considered a competitor to Celestia lol
Celestia's tech is great have said this multiple times, and it’s a bet on the core values that many of us crypto-natives care about: credible neutrality, decentralization, and permissionless access (e.g. DAS, light clients at ultra-low cost, etc)
But the bear case for Celestia is exactly those values. As proven, users don't care about any of those values, as they're not impediments to using one chain or app over another. The perfect example is obv Hyperliquid, or even Solana.
What if this trend continues (as we've seen)? And apps/chains continue to verticalize in-house, rather than relying on external layers, just to have the decentralization tradeoffs that no user actually demands?
Modular thesis is a great pitch in theory, but i'm growing more and more skeptical that it's the final form crypto will take.
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@ZeMariaMacedo then you gonna love my new Uber-chain, an appchain just for drivers - you get slashed if you run a red light
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Asked ppl what was so special about Plasma yesterday. My takeaway below (and yes that's me in the middle there):
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@toly @mteamisloading @danrobinson @andy8052 not extracting != not generating revenue
they are not mutually exclusive. you can have rev while not juicing your users by e.g. allowing backruns but not sandwiches
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“Don’t use chains with centralized sequencers, since someday they might subtly extract value from you
Instead use decentralized sequencers that are guaranteed to extract maximum value from you, today”
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@divine_economy twitter is now full of not just bots, but ghostwritten thoughts and it's only getting worse, so the core question remains:
As intelligence becomes a commodity, what will differentiate us as humans?
auto-shilling since it's related: x.com/quienesfacundo…
Profesor Utonio@quienesfacundo
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history is littered with core survival skills that become luxuries once technology displaces them
gardening, hunting fishing, horseback riding, weaving, herbal medicine—all necessary once, now the leisures of the upper-middle class
with AI, feels inevitable writing will be next
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@mteamisloading customers pay fees knowingly. MEV is a hidden cost they are not even aware of
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"revenue is evil because it means customers have to pay it"
scoopy trooples@scupytrooples
MEV being rebranded as a “good thing” by changing its name to REV is a masterclass in gaslighting. like imagine a stock exchange tryna claim that HFT trade firms sandwiching retail traders is the basis for its value proposition. Retardio. 🤡🤡🤡 Retail Extractable Value
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Almost 20% of B2B Unicorns are (1) unprofitable AND (2) have >declining< revenue per @SiliconVlyBank
Yikes
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