chainyoda (@chainyoda) • Hey
chainyoda (@chainyoda) • Hey
Publications
- memecoins are not bad
all assets including NVDA have a large element of memetics and we are building permissionless systems
intellectualisation and legitimisation of opaque unregulated lotteries, a weapon of retail bankruptcy is terrible given what we know from multiple cycles
- "Memecoins are a potential innovation in capital formation"
In this industry everyone thinks that they are smarter than those who have tried the same shit multiple times and rekted
Do Kwon thought single collat DAI and Basis were just not implemented well enough
RETAR DIO
- Hypothesis: Grandpa electronics can save your sleep from your phone and ipad
- As a crypto founder, your community is anyone who complains a lot - eg spouse, children, team, gensler, warren, bagholders, investors, frens, unaligned KOLs... whoev
- Manlets may not realise this but constant virtue signaling of intent by the eth people helped keep the industry safu from the feds through the DaO hack and the inevitable endless fiascos involved in building a pseudonymous financial system
- Q: Why is the mcap of dogcoins multiples of catcoins?
A: Evolution
Everyone thinks about how dogs evolved to be human friendly. No one realises that humans evolved to be dog friendly because being dog friendly improved survival odds of the hooman
Dogs domesticated you 🫵
- Re this mich mansion fiasco, for whatever reason we thought the cure for regulated wall street was unregulated wall street
lol, lmao, hahaha, bwahahaha
- Last cycle's unfoundational primitive was luna ie vapor collateral
This cycle's unfoundational primitive is rehypothecation of poor collateral
Now all the Karaks will be competing to prove Mr Yakovenko right
full chilli masala popcorn ahead 🍿🌶️
- Iggy is good for ethereum. Crypto needs more irreverant plebs to challenge shibboleths and insiderisms eg "ultrasound money"
Users should be served product, not religion or history. Money and religion are bedfellows and maybe we'll never have apps other than money but lets see
- What he signed What he saw
- Ethereum and Solana occupy very different accounts in my mind
ETH is to be stored, staked and restaked and never sold
Solana is memecoin casino chips for 10x
This is why, if I were a solano ecosystem VCfluencer, I'd avoid going bonkers super all in gaga on memecoin marketing
- The difference between valuation and value can be pretty much, all of it
- ****crypto founders in High FDV funding szn
- One of life's great mysteries in the crypto industry is the sheer number of angel investments founders are able to make even before launching a token
- One way to always need a job in life is to make a lot of crypto angel investments
- He was the first crypto KOL in history
- GPT based AI agent trained on farcaster casts, lens posts and 10 years of dot eth tweets, blogs, podcasts, EIPs, ERCs and EF docs to make a giga @lens/0xmert_ of ethereum
Who's building this?
- EIP 6942: All L2 foundations automatically sell 20% of their own token for ETH over four years
This is "ossification rent" for shared security
- EIP 6942: All L2 foundations automatically sell 20% of their own token for ETH over four years
This is "ossification rent" for shared security
- The main bull case for ethereum is that no one in the loudfluencer layer has said dum things like "ethereum alignment" in a month
- Living, by choice, without a car in a suburban airport motel in California is kinda the comfortable/quaint version of the all american illegal immigrant experience
- ****Market manipulation in crypto culture means bearish manipulation ie sophisticated actors selling too fast. Bullish manipulation ie buying quickly and selling slowly is not considered manipulation. Bullish manipulation means "token price action is the best marketing"
- ethereum disease is taking ourselves too seriously
It'd be kinda nice to chill a bit and stop assuming we are purer, holier, cure for malaria-er er than everyone else in tech
Somehow our leader Vitalik, Lisan al Gaib does not do any of this. Dude's as fun and chill as they come
- 21 years ago? That's some serious commitment! 💍 Can't imagine how nerve-wracking proposing must've been. Did you plan some big romantic gesture or keep it low-key?
- Most suffering in the token world today is because locked fdv and unlocked fdv are entirely different animals, and devs are deluded into thinking locked FDV is real
- ignore the prices guys. the prices are ignoring you anyway
- I proposed to my wife 21 years ago
Here's what I learnt from the experience about being a cofounder 👇🏽
RAISE MONEY
- The issue with "tornado cash was just software" argument is that these days entire neobanks and fintechs are also "just software" and once you start making money from operation of a business running in software, liability gets much more complicated than "just writing software"
- It boggles my mind that as a legendary leader, Napoleon got 3 million devs killed over 61 battles. Thats an average of 50,000 per battle
- Never think of your crypto coin or token eg bitcoin, ethereum, solana or STARK as real money
Your token is only as real as its tokenholder/e-beggar community chooses to make it
- I think I have booth babe virus - feel like I have aged ten years in a week from a lung infection from the t2049 wk
- Funds and builders who feel strongly against memecoins should forfeit the profits that they made on their token investments that are in excess of their proportionate share of discounted protocol cash flows
- gm
- Its incredible how many conventional managers are blind to the fact that often the best hires are people already doing the job. This is particularly important in crypto where such people are often not the people on your payroll but on your github, gov forum, twitter, tg, discord
- Who invested in your project is not a product feature, sign of engg readiness, community growth metric or any sort of evidence of traction
Afterall, pretty much the only guy who made a mentionable investment in ethereum was Joe Lubin
Shill the social proof, then move on quickly
- I really dont like my legit frens fighting - like Ser Marc and Gauntlet. Not so many legit people in our crypto zoo rn as it is and those who are should just run their biz as they please without feeling the need to score online POINTs 🤷🏽♂️
- A decentralised AI project where at least one of the founders has a fkin clue about AI
- One issue w building an onchain social network for artists is that most artists irl are poor as fk. This whole digital art thing only works if rich crypto or fiat bros are on there to casino on whatever the blue haired dreamer types from liberal arts are cooking up
- Last week I ran into a shenzen based *founder" of an AI memecoin. I don't mean a VC funded ai*crypto project but a literal pump.fun generated memecoin. Kid was super passionate and told me that he wasn't in it for "short term" profits but a minimum $ 1B marketcap
- I am learning the hard way that health is very important because a minimum level of health is required to launch ones own token. The purpose of human life is still of course, token, but ykwim
- If Layer2s are ethereum then Ecuador is United States
- Learn from Anataly's chain
Build for fkin mobile 📲
Thank me later
- Wen you raise at crazy high fdv
- first your token makes an upward parabola on listings
- then it makes a donward hyperbola
- then bagholders dumpit
- then your treasury is gone
- then your team leaves
and its over
- As a group, Americans are arguably the most theatrical folks - US university campus protests are concerning but more dramatic and made for camera than anything I saw Brits pull off over 12 years of Living in London
- GM fellow KoLs, which key opinions are we leading today?
- Which L1/L2/L3 is decentralised or not should not be a matter of of who is onboarded as an investor or "advisor" to the project
- Founders should be very selective in "calling out" other bags
Best to shill yours hard
Your community has many coins. Many will inevitably turn out to be grifts and scams - they don't care
Wen you fud, they likes you less
Better to call their baby ugly than their bags bad ☝🏽
- If you set up a gud biznis or coin
Everyone will want a piece of it
If you align all the sharks to avoid competition
You gonna hab nothing left for ya
- 📲📲📲📲📲📲📲📲📲📲
- Most people do not a lot w chains, just:
- bridge
- trade
- farm
- make dank memes and vibe
If chains cant make this base product work well on mobile, not sure what the point of any high philosphy blabla is