Matt Halstead

@DougieDeLuca Nice post. I think you get this very right.

the industry's changing before our eyes and yet it seems like many refuse to believe it. the world is actually moving on-chain and yet sentiment feels like it did post-FTX. it's the result of a transition that will soon leave behind much of the industry we've known.

It similar to saying something like Thai or Vietnamese cuisine is only street food. Incredibly bad take. Mexican food offers vibrancy, complexity, balance, and a depth of flavor that shines in common food and fine dining alike. It like Thailand and Indian cuisine is a masterclass in balancing spice, heat and acid. Such beautiful food. A long weekend lunch in Mexico is one of the world’s great cultural treasures.

Mexican is fantastic because it excels at both high and low cuisine. It has the quick eat on the run dishes (tacos being most obvious), but it also has special dishes for special occasions that require full sit down meals to fully appreciate The former dominate in the US because they fit our lifestyle and they are also so damn good. But the latter is where mexican food really shines, and where you see the depth of the culture. Also, Mexican is one of the rare cuisines that the US does far worst than the locals, even at top end, because it’s less about the quality of the ingredients and far more about the spices and technique. TLDR: this is an ignorant take!

@marcmynome If you will it dude it is no dream

“These f***ing amateurs! They send us a toe, we're supposed to sh*t ourselves with fear.” Walter, Big Lebowski

@TheiaResearch A whole new world of ratings and reviews coming to you. Then agentic banking and asset management?

holy macaroni

@GuruAnaerobic Thank you! Good stuff

@mehalstead I did some leg extensions, not really necessary. I did usual upper body with it.

This was hilarious to me. For every 40 positive comments from people saying they'd give it a try, there was one comment saying this is the dumbest shit they'd ever read 😂

@jeffkauffmanjr @chinmaydoteth @OndoFinance Hard to see it being anything other than 99%

@chinmaydoteth @OndoFinance I need to ponder this! What’s happens when 25% of liquid cash is onchain…

@chinmaydoteth, does the Genius Act mean we’ll now see brands launch stablecoin loyalty point programs?

@reganbozman @nic_carter Nice

Crypto venture is quietly undergoing a radical transformation Fund sizes are compressing, strategies are shifting, and new winners are emerging Why? 1/ The set of risks that VC's get paid to take is evolving - and that changes everything

@TheiaResearch Excellent article. Great talk on “Tokens are Broken” with dba as well.

I poured my heart and soul into this essay. Give it a read. x.com/TheiaResearch/…

@Melt_Dem all of those are gas grills. They are pointless. If you want great food with ability to cook low and slow indirect and let it rip nuclear for char, I’d get a kamado joe and punt the island. Classic Joe III.

grill masters of twitter - i am looking for your guidance shopping for a grill x island combo for my patio, i don't want to build an outdoor kitchen rn mont alpi has some decent looking islands + grill or blaze sells an island that is compatible with their grills help!

@chamath Your tux doesn’t fit

🥰🥰🥰

@sproule_ @_kinjalbshah @merit_systems @a16zcrypto @bcap @samrags_ @0xMasonH Awesome congrats Ryan!

Software needs better funding models. I am excited to announce that we at @merit_systems have raised $10M from @a16zcrypto and @bcap to build the new economy for Open Source Software.

They’ve realized they can raise capital selling net lease credit that is mispriced to the good in the short run. Hard to see this continuing for too long. Apartments don’t seem like they should trade at a 30% premium forever. Those that create the right power assets have the edge long term and eventually it’s just a software optimization game.

private equity can't stop buying data center economy infrastructure apollo just bought argo for $6B blackstone has a $100B data center portfolio, wants to be the biggest investor in AI infra blue owl bought IPI for $10B KKR gave ECP $50B for data center credit

@NTmoney Nicely done!

1confirmation 2024 Year-End LP Letter

@cmsholdings Liquid crypto still generally represents liquid venture. There is not a place for that in institutional portfolios as currently organized. The industry misses the fact that crypto is a disruptive technology to the investment industry itself.

Liquid crypto is probably the single biggest untapped investable segment for crypto funds and represents a huge opportunity that will almost certainly get no inflows couple thoughts why and how it feeds into VC outsizing and general animosity from wider market

@HadickM @cmsholdings 100% correct. Also need more defined benchmarks if industry is seeking capital from traditional LPs. Tracking error crypto introduces into an equity portfolio makes those heads exposed. There is not a model for liquid venture (all of crypto) that LPs have off the shelf.

Guys - the funds don't set the LP market, funds set themselves up based on demand from LPs and is broadly based on market maturity and incentive structures from within their own organizations. The argument that VC funding in crypto is doing the same thing as trad VC by pushing protocols to stay private longer is literally THE EXACT OPPOSITE of what's happening - the reason VC has exploded in the space is that everything gets liquid FAR before it's ready (and ever would have in trad markets) and that means one of the biggest VC risks (lack of liquidity) is diminished. There simply isn't enough, of size, working in crypto today (outside of top infra plays) for there to be mass influx of directional liquid funds. And to @cmsholdings point, the "venture risk" that exists in what is supposed to be a more mature fund class has so far meant major issues allocating for any institutional LP (where most capital sits). If you want a larger, more trad like liquid capital markets in the space what you need is lower vol, less correlation and a market that includes more assets that have clear PMF. If there was mass unmet demand from large LPs for more liquid crypto exposure beyond the majors there would be more and bigger funds that play in that space - market isn't there.

@hosseeb They are telling them they raised too much capital and/or are morons.

VCs who are investing in memecoins: what are you telling your LPs? (Bonus points if you're not telling them)

@HHorsley Congrats!

Today, we rang the closing bell on behalf of #bitcoin Everyone in this community carries the torch — We took this pic for you.

@twobitidiot @MessariCrypto Great report as always. The Tony Bourdain of crypto.

CRYPTO THESES FOR 2024 For the fifth year in a row, I wrote Messari's annual report to celebrate crypto's survivors and builders. Crypto remains inevitable. Here's why: messari.io/crypto-theses-…

@Travis_Kling Respect, Travis

Today marks the one year anniversary of the worst day of my career and one of the worst days of my life - the day FTX froze withdrawals.