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Fight tribalism and hate with self awareness and love. True in life, especially true in crypto.
To me self awareness means first recognizing we are all greedy. We all want more money, attention, and/or control. Capitalists want more money, politicians want more control. It’s the same thing.
There is a difference though btw the natural greed that we all have and soulless greed. Soulless greed is chasing money, attention and/or control with no concern for other humans and truth. This greed is often disguised and hard to spot with the naked eye but too real.
Love is recognizing that the soulless are not evil. Soulless greed is the product of our environment, starting with how we were raised by our parents. We must empathize with the soulless rather than attack.
Crypto helps us lean into our human side. AI makes the world more soulless. This will all be clear soon.
To me self awareness means first recognizing we are all greedy. We all want more money, attention, and/or control. Capitalists want more money, politicians want more control. It’s the same thing.
There is a difference though btw the natural greed that we all have and soulless greed. Soulless greed is chasing money, attention and/or control with no concern for other humans and truth. This greed is often disguised and hard to spot with the naked eye but too real.
Love is recognizing that the soulless are not evil. Soulless greed is the product of our environment, starting with how we were raised by our parents. We must empathize with the soulless rather than attack.
Crypto helps us lean into our human side. AI makes the world more soulless. This will all be clear soon.
Fight tribalism and hate with self awareness and love. True in life, especially true in crypto.
To me self awareness means first recognizing we are all greedy. We all want more money, attention, and/or control. Capitalists want more money, politicians want more control. It’s the same thing.
There is a difference though btw the natural greed that we all have and soulless greed. Soulless greed is chasing money, attention and/or control with no concern for other humans and the truth. This greed is often disguised and hard to spot with the naked eye but too real.
Love is recognizing that the soulless are not evil. Soulless greed is the product of our environment - starting with how we were raised by our parents. We must empathize with the soulless rather than attack.
Crypto helps us lean into our human side. AI helps us lean into our soulless side. This will all be clear soon.
To me self awareness means first recognizing we are all greedy. We all want more money, attention, and/or control. Capitalists want more money, politicians want more control. It’s the same thing.
There is a difference though btw the natural greed that we all have and soulless greed. Soulless greed is chasing money, attention and/or control with no concern for other humans and the truth. This greed is often disguised and hard to spot with the naked eye but too real.
Love is recognizing that the soulless are not evil. Soulless greed is the product of our environment - starting with how we were raised by our parents. We must empathize with the soulless rather than attack.
Crypto helps us lean into our human side. AI helps us lean into our soulless side. This will all be clear soon.
Cryptoart is now just art.
The most talented artists from the NFT bull market are doing physical work too and it’s helping bridge crypto and culture in a big way.
Frenetik Void’s De Rotas Cadenas y Menisco is insane to experience irl 🔥🔥🔥
The most talented artists from the NFT bull market are doing physical work too and it’s helping bridge crypto and culture in a big way.
Frenetik Void’s De Rotas Cadenas y Menisco is insane to experience irl 🔥🔥🔥
Understanding L2 dynamics in Ethereum
L2s allow new builders to benefit from the developer and user network effects of EVM while capturing better economics and more control of the UX than being on L1s. The main benefit to ETH is distributing it as a credibly neutral store of value to more users and companies. Coinbase is now stacking ETH from Base and new Base apps introduce new people to ETH. Win, win.
An added benefit for ETH can be burnt fees, but an open question is how much should L2s pay to settle on L1?
Since Pectra, blobs have not been full and so the burn from blobs has been nonexistent. L2s only pay if transactions within blobs go above a threshold which hasn’t been reached. There’s an argument to keep it that way for now, but there’s also an argument for a flat fee to be introduced so that more fees are burnt for the service the L1 is providing today.
Curious how people think blob fee structure for L2s should play out?
L2s allow new builders to benefit from the developer and user network effects of EVM while capturing better economics and more control of the UX than being on L1s. The main benefit to ETH is distributing it as a credibly neutral store of value to more users and companies. Coinbase is now stacking ETH from Base and new Base apps introduce new people to ETH. Win, win.
An added benefit for ETH can be burnt fees, but an open question is how much should L2s pay to settle on L1?
Since Pectra, blobs have not been full and so the burn from blobs has been nonexistent. L2s only pay if transactions within blobs go above a threshold which hasn’t been reached. There’s an argument to keep it that way for now, but there’s also an argument for a flat fee to be introduced so that more fees are burnt for the service the L1 is providing today.
Curious how people think blob fee structure for L2s should play out?
Never forget the haters and losers who said Polymarket is just another gambling app.
One of society’s biggest problems is how do we know what’s true? Polymarket helps solve this. People are increasingly trusting markets over the mainstream media.
Polymarket is the only crypto product that has product market fit outside of token investing/speculating. Prediction market volume will 100x from here.
One of society’s biggest problems is how do we know what’s true? Polymarket helps solve this. People are increasingly trusting markets over the mainstream media.
Polymarket is the only crypto product that has product market fit outside of token investing/speculating. Prediction market volume will 100x from here.
NBA Finals futures has over $1.6B in volume on Polymarket 🤯
Coinbase now in the S&P 500 stacking ETH with its L2.
Robinhood acquired an L2 that hasn't launched yet.
Every serious dev and company thinking about app chains.
Now watch the VC chains all pivot to an L2 strategy.
Robinhood acquired an L2 that hasn't launched yet.
Every serious dev and company thinking about app chains.
Now watch the VC chains all pivot to an L2 strategy.
Here’s why L2s are great for ETH:
- The end state for crypto apps is app chains that give builders self-sovereignty. Ethereum recognized this early and now has an S&P 500 company that makes millions in USD of ETH per month and holds hundreds of millions of USD in ETH. This is day 1.
- ETH is a credibly neutral, internet native store of value. L2s distribute ETH.
- L2s grow the developer network effect of EVM.
- L2 activity burns ETH.
Most still believe the false narrative that L2 success is bad for ETH. When the market recognizes the truth, watch out.
- The end state for crypto apps is app chains that give builders self-sovereignty. Ethereum recognized this early and now has an S&P 500 company that makes millions in USD of ETH per month and holds hundreds of millions of USD in ETH. This is day 1.
- ETH is a credibly neutral, internet native store of value. L2s distribute ETH.
- L2s grow the developer network effect of EVM.
- L2 activity burns ETH.
Most still believe the false narrative that L2 success is bad for ETH. When the market recognizes the truth, watch out.
Coinbase is now in the S&P 500.
The company is making ~$200K worth of ETH in L2 fees per day and holding $340M+ worth of ETH. The entire S&P 500 is watching.
The future of Ethereum is Coinbase, Blackrock, Fidelity, Stripe, Kraken, Deutsche Bank, Sony, Visa, Polymarket, Uniswap, Aave, Opensea and every other great company or dev that wants to tap into the network effects of ETH and EVM, capture the best economics and maintain control of UX.
The company is making ~$200K worth of ETH in L2 fees per day and holding $340M+ worth of ETH. The entire S&P 500 is watching.
The future of Ethereum is Coinbase, Blackrock, Fidelity, Stripe, Kraken, Deutsche Bank, Sony, Visa, Polymarket, Uniswap, Aave, Opensea and every other great company or dev that wants to tap into the network effects of ETH and EVM, capture the best economics and maintain control of UX.
Want everyone to win so been trying to help people get in early and believe in something more since 2012.
Everyone winning does not mean institutions investing early then dumping on retail. That's the antithesis to why Satoshi, Hal and many others started this whole movement. Eye on the ball.
Everyone winning does not mean institutions investing early then dumping on retail. That's the antithesis to why Satoshi, Hal and many others started this whole movement. Eye on the ball.
1confirmation’s first ever investment was in a decentralized collateralized stablecoin project called MakerDAO in 2017. We bought MKR for $300/coin. We also invested in algorithmic stablecoin Basis that year, which failed soon after. It wasn’t until ~8 years later when Stripe acquired Bridge that we got our first big stablecoin win.
The timeline is now so damn reactionary and it can be harder than ever to take a long term view. We’re pulled to be too online and overly concerned with short term perception. Believing in something more than money and sticking with it is truly the edge that turns losers into winners.
The timeline is now so damn reactionary and it can be harder than ever to take a long term view. We’re pulled to be too online and overly concerned with short term perception. Believing in something more than money and sticking with it is truly the edge that turns losers into winners.
1confirmation’s first ever investment was in a decentralized collateralized stablecoin project called MakerDAO in 2017. We bought MKR for $300/coin. We also invested in algorithmic stablecoin Basis that year, which failed soon after. It wasn’t until ~8 years later when Stripe acquired Bridge that we got our first big stablecoin win.
The timeline is now so reactionary and it appears harder than ever to take a long term view. We’re pulled to be too online and overly concerned with short-term perception. Taking a long term view on something more than money and sticking with it is truly the edge that can turn losers into winners.
The timeline is now so reactionary and it appears harder than ever to take a long term view. We’re pulled to be too online and overly concerned with short-term perception. Taking a long term view on something more than money and sticking with it is truly the edge that can turn losers into winners.
The largest group that cares about crypto is investors, so the obvious and easy thing to do is pump narratives to investors.
Ethereum has always been focused on builders first. This is the contrarian and right strategy to win biggest long term.
Ethereum has always been focused on builders first. This is the contrarian and right strategy to win biggest long term.
Bank of America will soon launch a stablecoin.
This will be a huge W for the country, BofA and crypto. Why?
- Stablecoins distribute dollars directly to people globally and create net new buyers of US treasuries.
- Stablecoin issuance is a great business. Tether was one of the most profitable companies per employee in history in 2024.
- Stablecoins are a great onchain onramp. Billions of people will likely first get onchain with stables in Ethereum wallets, then start using ETH, DEXs, onchain lending, NFTs, prediction markets, decentralized social and much more.
This will be a huge W for the country, BofA and crypto. Why?
- Stablecoins distribute dollars directly to people globally and create net new buyers of US treasuries.
- Stablecoin issuance is a great business. Tether was one of the most profitable companies per employee in history in 2024.
- Stablecoins are a great onchain onramp. Billions of people will likely first get onchain with stables in Ethereum wallets, then start using ETH, DEXs, onchain lending, NFTs, prediction markets, decentralized social and much more.
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