Mike Abundo

The Ethereum girl from the 2017 CryptoCurrency Girls project, animated.

AI won't just disrupt startups, but it will also disrupt the investors behind them. When founders can ship world class products with a fraction of the capital in much more compressed time windows, seed rounds and Series A slowly lose their purpose. What's left are going to be two extremes: Tiny, hands-on pre-seed funds that act like extended team members. And massive mega funds that can buy you what AI can't: distribution. But everything in between, those mid-sized funds just passively writing checks, are getting squeezed out. The barbell is coming, and 9 out of 10 VCs aren't on either end of it.

I just used Claude to one-shot a full 3D MMORPG built on X. Join with your X handle. Play chess against people. Enter NFT-gated worlds. Proximity chat so you can actually talk to whoever you're playing. Zero developer experience. One prompt. Far from perfect, but seeing how easy it was to create this is insane.

Used Seedance 2.0 to make "Cosmic Pizza Run" 🛸🍕 A lot of people ask how to get consistent, narrative-driven results with AI video. Here is my end-to-end workflow 🧵👇

The cost of living in the US in 1938 vs inflation adjusted prices to the current year. Earning $80K annualy but being able to afford a new house for just $181K. A ratio of 2,26. So are the young people living off better or worse than their parents and grandparents nowadays?

Computer use is now in Claude Code. Claude can open your apps, click through your UI, and test what it built, right from the CLI. Now in research preview on Pro and Max plans.

we are a bunch of dopamine addicted apes in search of something novel. crypto has gotten comparatively stale against other technological trends such as AI and chinese peptides. but that will change soon, bet

We have started to accumulate ETH a bit more aggressively recently. MAVAN is up and running. 🔥🔥🔥

xAI is catching up very quickly in the AI ​​video game and is advancing to SOTA. The computing power is paying off!

王子様、今日の私は美しい…？

unpopular take right now, but i don't think the L2 roadmap is obsolete at all. it's just been rewritten. ethereum mainnet is cheaper and faster than ever right now. 99% of major apps right now can be done on the L1 as easily as anywhere else. a few extra cents in fees or seconds in latency is a negligible tradeoff for the liquidity and onboarding tools you get to handle millions of dollars of transactions. but this will not always be the case. there is a world of future apps that require cheap transactions and low latency. i'm thinking about apps like @worldmarketsinc, @Euphoria_fi, @avon_xyz, @legendtrade (built on @megaeth and @GTE_XYZ). these aren't apps anyone would even have tried to build a few years ago because cost and latency wasn't sufficient for what they want to do. these apps can be built on L1s (like @solana, @monad, @GTE_XYZ) or they can be built on performant L2s (like @megaeth). the advantage of an L2 is simply that the underlying security of the L1 lets it scale service. what i'm going to say sounds so old that it is new. nobody wants to say it right now. but there is, potentially, a very important role for L2s in the future, just as there's potentially a very important role for alt-L1s. that role is to host apps that need to scale speed, the likes of which we've never seen. there are two challenges, however. the first is that for L2s to compete with the L1 for apps (and yes, they do need to compete with the ecosystem they're built on), they have to be able to offer top-of-the-line improvements in speed and cost. being #3 or #4 won't cut it. if you don't need the best, you might as well build on ethereum. the second is that the vibe-based valuation model for these chains continues to implode. revenue will never be a good metric for them *when their entire value proposition is that cost is negligible.* L2s are at a special disadvantage because none of them even offer their own native currency enshrined as the medium of transaction across their ecosystem, so there isn't even a good model to value them based on GDP like a currency-backing nation-state. @megaeth is the one L2 i can think of working to solve both these problems by 1) trying to build the most performant chain, and 2) building an actual value model in which the whole chain is just the frontend to support its actual revenue-accruing business through a stablecoin, USDM. with that said, i'm seeing lots of criticisms of @megaeth right now that mostly feels like hype-based bullshit, but nobody is giving the one criticism that might make sense. USDM should be their native gas currency, not eth, since only USDM builds their business. which is to say: ethereum has clearly on the L1 level for whale-driven defi that doesn't require state-of-the-art latency or the lowest fees. but at the opposite end of the spectrum, the point where the future will be built, the game is far from won. fud now at your own peril.

Powered by USDm: the default money on your favourite mega apps. [thread]

and we wrote an updated paper about it ! static.megaeth.com/Revisiting%20T…

Prediction markets are live on Prism. @Polymarket’s first EVM native integration. Trade directly on MegaETH. Use USDm (MegaETH’s native stablecoin built with @ethena), @USDT0_to, and $ETH today. Soon with any assets on any chain.

After a few weeks in SF, one thing stands out: AI people are more bullish on crypto than crypto people are on themselves. There's this narrative forming in crypto that AI people think crypto is a joke. It's just not true. I keep hearing this over and over from AI people who remain bullish crypto. Hell, Sama, Jensen, Elon, Zuck, the biggest names in AI have all been publicly bullish on crypto and its convergence with AI. Crypto's problem right now isn't that outsiders don't believe. It's that insiders are playing scared.

President Trump confirmed to me today that the US is negotiating with Iranian parliamentary speaker Mohammad Bagher Ghalibaf, saying we'll "find out in about a week" whether he is someone America can truly work with.

Bitmine @bitmnr now owns 3.92% of the $ETH token supply, over 78% of the way to the 'Alchemy of 5%'

Status update: No vaults or contracts are affected. All depositor funds are safe. No other service accounts appear to be compromised. Earlier today, a presumed phone call-based social engineering attack on OVH Cloud allowed an attacker to gain sensitive access to steakhouse dot financial domain management. The attack vector involved changing DNS A records for the main page and app subdomain to a malicious IP. The attacker furthermore attempted to initiate a domain transfer with a 5-day timelock. Those changes have been reverted and are now intentionally pointing to blank records until we can confirm the account is fully secure. We are in contact with OVH and are actively working to fully resolve the situation. Do not interact with steakhouse dot financial properties (website, emails) until we confirm resolution. Further updates and a post-mortem will be released with full detail as soon as possible.

🚨 Do not interact with the Steakhouse app until further notice. Our team has identified a phishing attack on Steakhouse domain (both app and website). No deposits are at risk. No contracts are affected. All Steakhouse depositors are safe. The issue may impact new users interacting with the malicious website served by the attacker. We are working to restore the frontend as soon as possible. We will communicate all updates asap.