I wrote one tweet 6 months ago about DePIN, and now I'm bein | hosseeb on Binance Square

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I wrote one tweet 6 months ago about DePIN, and now I'm being cast on "is DePIN real?" panels...
DePIN Twitter never forgets 💀

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We're getting none other than @chameleon_jeff, founder of Hyperliquid, onto the Chopping Block as our next guest. What should we ask him?

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Every cycle, founders chase the fireball of hot money. Last cycle, it meant launching a token. Crypto capital markets were white hot. This cycle, it’s bringing your token to the stock market (a la treasury companies). But hot money never stays put, which is why treasury companies will not be the final meta. But I'd guess 1-2 years of this until the heat dies down.

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To the class of '24/'25: There's a famous line from @pmarca when he moved to Silicon Valley in 1994. The Internet boom was already under way. He came from a small town in Iowa, and seeing these growing giants like AOL and Cisco, he was worried that he was already too late. That by 1994, he worried the whole Internet thing was basically done. I felt the same when I first got into crypto VC in 2018. Polychain, Pantera, a16z, DCG, and others were already legendary. Was there really space for another crypto VC? Seemed like maybe it was already too late, and the industry had consolidated. Don't worry. Barely anything has happened yet. BTC is still 1/10 of gold. Less than 1% of the world is on-chain. There hasn't been a single law passed in the US about crypto. And there's not a single major central bank in the world owning any of this stuff. You're not late. Crypto is still tiny compared to what it's going to be in 20 years. So welcome to the crypto—a lot is going to change from here. Come make your mark.

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Sat down with @perkinscr97 at the @avax summit to break down the stablecoin bill, what the rise of RWAs means for on-chain risk, whether REV is a useful metric, and why the US should allow privateers to "hack back" the Lazarus Group. Recommended 👇 https://youtu.be/FnaUpymWG7c?si=56Qh7U7gx2NNmQps&t=83

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Since inception, the most common base fee for posting blobs on Ethereum on has been ~0. Since Pectra raised the blob count, it's back to ~0.

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