If you thought the @SushiSwap saga was savage and unwholesome and disconcerting and exhilarating and titillating, please sit by my 🔥. I have a tale to share that makes sushi look children's theatre.
This is the tale of Avalanche $AVAX
More 👇
2/ ... a beastly terror of blanketing whiteness
... a radical idea wrapped up in fluffy, pillow-y whiteness
wtf is $AVAX?
It's a high-octane smart contract platform
3/ With multiple consensus engines and VMs
4/ In addition to governance rights, $AVAX bestoweth other goodness
5/ If that were where the story ended, I might shrug and walk away.
But $AVAX has plans...
It dreams bigger, you see. It looketh at Ethereum $ETH and it thinks, "that is the golden goose."
"I would very bigly like that golden goose on my farm."
"Hmmmm...."
6/ Enter-stage-door-left, the "friendly spoon" Athereum. Athereum looks so innocuous. He wears a hand-knit sweater with wooly balls dangling from it. The cuticles on his nails have been pushed back.
But oh my...
7/ This well-groomed, mild-mannered, sweater-wearing spooner has grand visions.
"What if we snapshot Ethereum," the spooner thinks, "port it to $AVAX and replace $ETH with our own token called $ATH?"
"Then, every degen in the world who owneth ETH would suddenly owneth ATH."
8/ "This may be contentious," the spooner thinks.
"We must call it a testnet, then... a friendly sweater-y experiment in love and co-existence."
"Testnet or not, we will copy over everything. We will copy over all the blocks, all the contracts, all the tools."
9/ "We will partner with $LINK. We will be compatible with @metamask_io, Truffle, Remix and others."
"Then, we will show the world the power of an EVM that scaleth now ... right now."
10/ "Oh yes. We will bake cookies. We will put on Netflix. We will call all of our favorite $ETH developers over. We will lay down on the couch together and spooneth the night away."
Oh god.
Mr. Spooner is brilliant.
His sweater is so cute!!!
11/ But off in the distance I have heard the whumph of something heavy falling. I look up and I see a wall of snow. There is no time for me to run. I can only watch and hope
12/ I am a man in a mask. I do NOT giveth investment tippity-tips, you silly... but I see $DOT trading with a market cap of $3.8 billion. And I see $AVAX trading at $99 million.
13/ Me grineth bigly. Esp since @Athereum has just 5 followers and sent its first tweet a few hours ago...
Give it a follow, my friend. Let us marvel at the wall of falling snow together
We shall stand side-by-side and see if it sweepeth us away
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1/ Crypto has consumed my life for more than a decade. I thought it had made me a single-issue voter.
So I got my early voting ballot… filled it out for Trump and stuck it in the mailbox just after sunset. The next morning, I went to the mailbox, removed it...
2/ ...and threw it in the trash 🗑️. As much as I want crypto adoption to go parabolic, I honestly can’t believe our choices are down to:
👉 A man who attempted to end two centuries of peaceful power transitions by demanding his VP subvert democracy
3/ 👉 A woman whose platform is essentially "no" to crypto, "no" to tech, "no" to innovation—while saying "yes" to censorship and ideological control (aka wokism)
LLMs & @truth_terminal are actively altering my worldview & how insane I think the crypto/AI bubble will become. Thoughts:
1. One could argue crypto users are the tip of humanity’s spear. We explore the digital frontiers and often see economic/tech truths before the public.
2. If a crypto trader stays in the game long enough, he learns all about "approximate truths"… i.e. he buys his first coin and thinks it will rule them all. That maxi-ism often forces him to ignore the notion that any other coin will be successful.
3. Then, life (i.e. losing money) hits him like a pipe wrench. And the longer he's in the shitcoin trenches, the more apparent it becomes that we are all Jon Snow (we “know nothing”). Truth is not truth after all.
1. Nashville marks the end of the cypherpunk phase. #bitcoin now plays the game of thrones
2. RFK’s speech was 10x better than Trump's. This could split the die-hard crypto vote between Trump and RFK and potentially jeopardize Trump’s bid 🧵👇
3. There were murmurs of bitcoin replacing all fiat. That’s always been the vision, but it’s taken a backseat to the "digital gold" narrative
Look for "bitcoin as money" to gain strength… esp. if some govts reclassify $BTC as legal tender (& ditch the retardio cap gains tax)
4. With clearer regs and reclassification, payroll providers, could make it far easier for companies to pay (all or a portion of) their worker salaries in sats, which is probably the single most important factor in driving adoption
1/ Crypto’s next massive narrative stares us in the face… it’s not the election, Solana memecoins, restaking or gaming. It’s bigger than all those combined
It’s AI + crypto 🧵👇
2/ And it’s not just that AI will work better on crypto rails than tradfi rails, it’s that AI will work better on a decentralized web as well
In other words, AI + crypto are rearchitecting modern finance AND the internet itself
3/ First, finance:
AI won’t have sufficient access to TradFi rails. That system is too opaque, trustful, slow and over-regulated