Will probably look an incorrect asshole, but here's a guess on tomorrow's price:

Current MC = $706 million

# of instantly available tokens after swap = 13 million

706,000,000 / 13,000,000 = $54

More...
However, there will be an additional 3 million tokens printed and locked

So, we should really divide 706,000,000 by 16,000,000 to get $44.13.

But here's how much the markets care about fully-diluted: 0
So, let's say the extra 3 million tokens only impacts the price by 5%.

That puts us at $51.3.

But, there will likely be some excitement and not everyone moving over all their at once + people wanting to stake
So, lets put a 20% premium on prices and land at $61.56.

Daily payout for stakers is 400 tokens. That means 400 x 61.56 = $24,624

Say 10% of tokens get staked immediately (that's 1.6m tokens). Each token will earn 0.00025 more AAVE per day or about 1.5 cents.
That's $5.45 per year, or a starting yield of nearly 9 percent

Not bad, but there probably shouldn't be a stampede to stake

Slay my math if I'm an idiot, please

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More from @redphonecrypto

Nov 5
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)

Neither is “American” in spirit.
Read 15 tweets
Oct 25
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. Image
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.
Read 25 tweets
Sep 6
Our professions are our moorings. They're the pillars that help us build identity. From them, we get a sense of accomplishment and purpose.

But what happens when that purpose disappears?

🧵 1/13
2/ As AI + robotics accelerate, the moorings grow unstable. Our jobs are at risk. And that in turn, puts our houses, food and healthcare at risk, too.

It's both exhilarating and scary AF.
3/ AI is exhilarating because we approach an era of abundance.

Imagine food planted, grown, harvested, packaged + delivered by humanoid robots. Zero human involvement until the moment of consumption.
Read 13 tweets
Aug 2
1/ When Edward @Snowden spoke at Bitcoin2024 last week, he asked a question that lodged like a tumor in my brain. To paraphrase:

“Does the world and the U.S. election feel normal to you?”

When he was a kid, he said... 🧵👇Image
2/ ... presidents were people you looked up, people you admired and aspired to be like.

Do these candidates fit the bill? Do they represent the best of us?

If so, wtf happened to us?
3/ Something’s off, he argues, and he points to the algos that subtly manipulate us on X, TikTok, Insta, FB and beyond.

For all their benefits, they’ve ultimately pitted us against one another in a competition for likes.
Read 24 tweets
Jul 29
Raw braindump on Bitcoin2024:

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 🧵👇 Image
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
Read 15 tweets
Jun 25
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 🧵👇 Image
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
Read 18 tweets

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