TechnoRevenant

What would be the benefit of greater decentralization? Greater geographical decentralization of the validators could prevent datacenter outages from disrupting the network It's often claimed that greater decentralization is needed to defend against overregulation. However, a higher coin price might be more effective for that. As we've seen with XRP, BNB, and TRX Their founders control large portions of the supplies and they could probably dictate the validator sets if they wanted to. However, their prices went so high that they have serious lobbying power now

@onlytraderock @TheCryptoNexus I disagree What’s more important than decentralization is having a high token price. Airdrop causes unnecessary selling pressure when your token is at ATHs Techno explains it well. Enjoy your 50 years of staking rewards

I lean back and forth on it tbh From business strategy POV I don’t think it makes a ton of sense while in such a commanding lead. Playing that card once either completely removes it from play forever, or reduces its future effect significantly. But also team has always been very intentional about rewarding the community that helped grow HL to what it is now, and also very serious about progressively increasing the decentralization of the network so ya idk 🤷‍♂️

HYPE/ETH HYPE/XRP HYPE/SOL physiognomy ATHs

Hack was gas funded from a Wagyu.xyz swap 14 hours ago arbiscan.io/address/0x8e76…

@sayinshallah What happens to USDC and USDT when they eventually ask for KYC on every address and pause transfers outside of 9 to 5 business hours? What happens to Uber when they're eventually required to buy taxi medallions? What happens to the cat when it's eventually put back in the bag?

What happens to hyperliquid when they eventually ask for kyc?

Respectfully disagree. Coinbase perps is net bearish for Hyperliquid. 1- New competitor for Hyperliquid that is fully US compliant, has a large user, and just bought a large derivatives exchange (Deribit). 2- Robinhood will launch a perps product to compete with Coinbase, adding another fully US compliant exchange with a large user base to Hyperliquid's list of competitors. Robinhood users like to gamble, like leverage, and Robinhood's product team moves fast, e.g. prediction market integration. 3- My intuition tells me that people use Hyperliquid because: a) there is no kyc b) there is no similar leveraged product offering on US exchanges or exchanges that service US users c) best perp "dex" product d) well done customer acquisition/retention via airdrop & tokenomics Given the choices of HYPE, COIN, or HOOD, I am going HOOD. Hyperliquid

Would greater economic independence of the validator set be more bullish for the HYPE price? Binance founders probably control enough BNB to dictate the validator set if they wanted to. Yet BNB/TOTAL has been setting higher lows for 9 years Ripple doesn't even have staking. The XRPL Foundation publishes a list of validators that most nodes accept by default. The founders and Ripple Labs still hold about half of the XRP supply. Yet the FDV briefly flippened ETH last year Same goes for TRX outperforming BTC and ETH for the past 4-5 years

Even if Hyperliquid technically has "enough" validators, the validator set isn't economically independent enough. There are only 24 validators and a huge chunk of that stake is delegated or influenced by Hyperliquid. So the issue is less so validator count and who controls the stake. If a lot of validator power depends on foundation delegation, then broader distribution is required to get enough stake delegated independently and organically. If you rely solely on staking alone to get broader distribution, you are only getting ~2% APY on around 400m stake which amounts to something like .8% of max supply emitted per year. That's far too slow to reach meaningful acceleration of any decentralization goal or resolve distribution overhang.

@jords >He didn't read thousands of pages of opsec docs Big mistake.

the single most important thing you can do for yourself today is to ensure your shit is secure i just went through a refresh of personal security stuff before i start taking calls with founders (strangers) if you have substantial funds on any wallet that isn't a hardware wallet you are retarded, it's that simple im reducing my surface area of attack all round but the easiest and most important thing is to ensure your money isn't in hot wallets if you're reading this then you should take action right now so you don't think about what could have been after it's took late happy monday

SOL is the new ETH and ETH is the new ADA

@mlmabc @brian_armstrong

@brian_armstrong What you tell your employees after spending $375M on an ICO platform

This is an email I sent earlier today to all employees at Coinbase: Team, Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the future. Why now Two forces are converging at the same time. We need to be front footed to respond to both. First, the market. Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm. Crypto is also on the verge of the next wave of adoption, with stablecoins, prediction markets, tokenization, and more taking off. However, our business is still volatile from quarter to quarter. While we've managed through that cyclicality many times before and come out stronger on the other side, we’re currently in a down market and need to adjust our cost structure now so that we emerge from this period leaner, faster, and more efficient for our next phase of growth. Second, AI is changing how we work. Over the past year, I’ve watched engineers use AI to ship in days what used to take a team weeks. Non-technical teams are now shipping production code and many of our workflows are being automated. The pace of what's possible with a small, focused team has changed dramatically, and it's accelerating every day. All of this has led us to an inflection point, not just for Coinbase, but for every company. The biggest risk now is not taking action. We are adjusting early and deliberately to rebuild Coinbase to be lean, fast, and AI-native. We need to return to the speed and focus of our startup founding, with AI at our core. What this means To get there, we are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate: rebuilding Coinbase as an intelligence, with humans around the edge aligning it. What does this mean in practice? - Fewer layers, faster decisions: We are flattening our org structure to 5 layers max below CEO/COO. Layers slow things down and create coordination tax. The future is small, high context teams that can move quickly. Leaders will own much more, with as many as 15+ direct reports. Fewer layers also means a leaner cost structure that is built to perform through all market cycles. - No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams. - AI-native pods: We’ll be concentrating around AI-native talent who can manage fleets of agents to drive outsized impact. We’ll also be experimenting with reduced pod sizes, including “one person teams” with engineers, designers, and product managers all in one role. In short: AI is bringing a profound shift in how companies operate, and we’re reshaping Coinbase to lead in this new era. This is a new way of working, and we need to leverage AI across every facet of our jobs. To those who are affected I know there are real people behind these decisions — talented colleagues who have poured themselves into this company and our mission. To those of you who will be leaving: thank you. You’ve helped build Coinbase into what it is today, and I am sincerely grateful for everything you've done. All impacted team members will receive an email to their personal account in the next hour with more information, and an invitation to meet with an HRBP and a senior leader in your organization. Coinbase system access has been removed today. I know this feels sudden and harsh, but it is the only responsible choice given our duty to protect customer information. To those affected, we will be providing a comprehensive package to support you through this transition. US employees will receive a minimum of 16 weeks base pay (plus 2 weeks per year worked), their next equity vest, and 6 months of COBRA. Employees on a work visa will get extra transition support. Those outside of the US will receive similar support, based on local factors and subject to any consultation requirements. Coinbase prides itself on talent density. Our employees are among the most talented people in the world, and I have no doubt that your skills and experience will be highly sought after as you pursue your next chapters. How we move forward To the team that is staying, I know this is a difficult day. We’re saying goodbye to colleagues and friends you've been in the trenches with. But here’s what I want you to know as we move forward together: Over the past 13 years, we have weathered four crypto winters, gone public, and built the most trusted platform in our industry. We’ve made it this far by making hard decisions and by always staying focused on our mission. This time will be no different – nothing has changed about the long term outlook of our company or industry. And most importantly, our mission has never been more important for the world. Increasing economic freedom requires a new financial system, and we’re building it. The Coinbase that emerges from this will be more capable than ever to achieve our mission. Brian

The allocation strategy for the 388M HYPE affects the market value of all HYPE For example: The 60M HYPE Foundation budget is currently worth 2.48B $ marked-to-market Imagine if the entire 388M HYPE reserve were airdropped tomorrow based on retroactive activity with no vesting Airdrop recipients would race to turbo nuke the chart back down to 4 $ Now the 60M HYPE Foundation budget would only be worth 240M $ marked-to-market. -90% less funding for defense Whereas if the 388M were allocated in a bullish manner, it would increase the funding for defense

Agreeing on the threat model, not on everything else. HYPE price strength is indeed downstream of how well the project funds its defenses. But the allocation logic doesn't land on the 388M pocket. Those defenses are already capitalized through the Hyper Foundation Budget (60M HYPE). The Policy Center got 1M HYPE from there. Validator incentives run through the Delegation Program from there. Dev grants have their own 0.3% bucket. Pulling up the numbers: the strategic budget you're describing is the 6%, not the 38.888%. That changes the question: is 60M HYPE enough runway for decades of lobbying, grants, and validator incentives? Another entertaining debate here.

Imagine believing a full burn of 1/3 of the supply is more plausible than an airdrop when: "Rewards & emissions" is literally the opposite of a burn. The project's already burning at a pace never seen in history. The team could've burned the genesis remainder but chose to reallocate it to this exact pocket. Question is: are people pushing this theory dumb af or just too lazy to have used HL since Genesis?

Biggest threats to HL are hacks and overregulation. How is HL defending against those? • rewarding supremely intelligent devs with HYPE • donating/selling HYPE for lobbying efforts • incentivizing validators to quickly respond to attacks like jellyjelly These defenses are stronger if the HYPE price is higher. It's logical to allocate the 388M HYPE in such a way that will maximize NGU

@primus1terpares There’s no value to giving away hype tokens anymore. Game theory dictates you avoid doing this ever again because you’re already the leader.

@DoingFedTime Why have you never applied the same skepticism to these other swap services that have KYC frozen millions of $ in aggregate? I've seen 0 reports of deposits getting KYC frozen on Wagyu so far

Bookmark this, and if you see a Monero shill sponsored by Wagyu in the wild please drop a screenshot here. I noticed some of them removing it from their profiles. I told cow to disclose a list never saw one. Here's some examples... (thank you to the ones that do)

@shrekt133 @ScottPh77711570 Shkreli is vaxxed & boosted. Therefore, his risk-benefit analysis is egregiously wrong in some cases

@ScottPh77711570 bpc and tb500 are scam and not proven to work, can't say anything about the rest Shkreli had a couple spaces/streams explaining it why the peptides as a whole are a fad

Twitter frens, I’m getting a shoulder replacement next month and I’m getting conflicting advice about whether HGH is a good idea (as well as TRT, BPC-157 and TD-500) Ofc instead of a doctor, I’ll ask randos on the internet Go!

If you have ETH, withdraw it into the HYPE/ETH chart, ask questions later.

@smartestmoney Your founder My founder

My founder disrupts financial markets for 23.5 hours a day. Your founder vibe codes for 30mins while spending the rest of his day on Quora and Whatsyourprice.com as TraderBrad looking for the next beauty queen to hire. We are not the same.

@hlfan69 open.spotify.com/track/5WW7tKuE…

HYPE/COIN alltime high the market slowly realises the HYPE thesis a cex will never be able to offer the same permissionless services as a good dex