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MarkBeylin
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The timeline is quiet but chat is this the cycle when
Ethereum
finally flippens
bitcoin
?
#BTC
#ETH
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MarkBeylin
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the vibes in VC land feel very off (especially outside of crypto)… sensing a blowoff top from all of the insane “20 year old builds <insert hot robotics/ai thing>”
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Hypothesis: Bitcoin will go through another fork in the next 12-18mo, as the community once again asks the question: should the chain remain untouched or should it evolve? Bitcoin Knots, the client software that helps miners block "spammy" transactions, is currently witnessing their usage surge to over 10% in the last few months as miners say no to validating transactions with discounted storage (as introduced by SegWit). According to Peter Todd, Bitcoin needs a a soft fork to accomplish the goal of properly blocking "spam" (https://t.co/FTFAI3TbUd) but my hunch is that this ends up stirring a larger debate about: - who really controls Bitcoin today - what actual Bitcoin holders want from the protocol moving forward - what are the mechanisms by which the community finds social consensus while crossing the chasm to institutional/nation-state adoption It's still unclear to me how exactly this ends, but honestly I couldn't be more excited to watch it unfold again. Evolve or repeat!
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Crypto is finally growing up (pivoting from Schedule 2 drugs to Type 2 fun)
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Reminder that @BoostVC is still actively writing $50k checks into builders at the earliest stages If you're thinking of leaving your boring job and need a bit of funding to get your experiments off the ground, send in an application →
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Had a realization last night that when I do finally get down on one knee, the best thing I will be able to stake in that moment will be my cryptopunk, not some diamond
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