Are you an $ETH lover who feels disgusted by growth outside of $ETH?

I say you’re focusing on the wrong thing

5 years from now... maybe less... most people won't give AF what chain anything is on

They’ll buy your $ETH on Polkadot

Or maybe even a $BTC sidechain

More 👇
All chains are gloming together like Lisa’s money-saving bar of soap

But there will be a network that transmits the vast majority of the world’s value

And one factor will matter above all others on that network:

It must be decentralized

It must be passably performant, yes

But there's no need for it to process trillions of tx every nanosecond because small or unusual transactions will migrate elsewhere

Another factor: the world's leading value-transfer network must be easy to build on
Maybe that disqualifies $BTC

And plants a flag for #ethereum

Or at least for an EVM-compatible network

It has the tooling. It has the users. And most importantly, EVM has the devs

I know a lot of you don't care about devs

But I do
And I say EVM has the developmental moat

But EVM obviously isn't exclusive to #ethereum

#binancesmartchain has shown us that

#polkadot will show us that

And probably every chain will have EVM-compat in some form or fashion in a few years
Like javascript came to dominate the 2010s, EVM-compatibility will dominate the 2020s

If there's on thing the market seems to be underweighting right now, though, it's Binance's ability to dominate the entrance or on-ramp to defi
It is the world's biggest exchange. It has the most users

Its invested tens (hundreds?) of millions into cloning everything ethereum has to offer (often w better tokenomics)

If users go to you to convert their fiat into crypto, you get to show them where to go next
You have golden keys to the golden kingdom

I’ve said before and I’ll say it again, there will be more people entering crypto in 2021 than the previous 12 years combined

These people have no idea about the difference bw #ethereum and Binance Smart Chain
We forget they are just beginning their journey

We must be good stewards. We must educate them
Anyway, wtf does all this spewing mean?

It means Binance Smart Chain is going to continue growing whether you like it or not

It also means FTX has a similar opportunity

It also means that if you're building on $ETH and "have plans" to get on an L2, you'd better hurry the f up
If you have L2 on your roadmap, and you haven't bumped it to the top of the list, I don't know wtf you're doing

Might be a good idea to abandon your project and work on something else

The moat = EVM

And EVM = everywhere
You may say to yourself that Binance Smart Chain isn't doing anything important

I say even if it’s "just" giving someone double-digit yields on a stablecoin, it's doing something life-changing & monumental

The fiat system = rekt

Stocks = overvalued

Bonds = negative yields
The world is utterly starving for yield


Now, there's definitely some hot money on BSC

That will move over to farming $ETH L2s and $DOT plays
But I also think there's new money flowing into BSC defi for the first time (i.e. people who have traded on binance but who have never really done self-custody)

CZ loves it. I view it as an existential thing for him... BSC = his grand exit before regulators get too heavy-handed
The biggest pain point right now is getting $BNB into the hands of non-binance users who hate centralized exchanges (basically $ETH maxis)

$RUNE will solve that, and the ecosystems will really start to blur
I'm intrigued by all these platforms that support farming on multiple chains simultaneously. They're evidence that the walls between blockchains are breaking

The breaking will get louder

It will accelerate
I keep thinking if you want to know what the rollout of $DOT's parachains is going to look like, check out the growth of defi TVL on BSC

That's your roadmap frens

I love Ethereum

But I also have capital at work in the BSC ecosystem, and I prob won't change that
The simple fact is innovation is by its very nature messy, unpredictable, and wild. If you don’t enjoy that, you’re prob just posing as an innovator

L2's time has come

Your time to investigate L2s has arrived

Build toward an L2 like your life depends on it
Make something so f'ing bold and great, no one can ignore it

The simple fact is, tomorrow isn't guaranteed

Don't build like you've got 40 years of building left

Build like you have 40 days

Or 40 hours
You can build something safe, or you can build something that sets the f'ing world on fire

Do it on an $ETH L2 or watch it be done on another chain altogether

🤡 out

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More from @redphonecrypto

10 Feb
I feel the deepest pangs for the ones who look at crypto charts, see parabolas & say we're in a bubble

they don't realize they're looking at charts that shouldn't exist


such charts weren't possible before the birth of #bitcoin

such charts display the financial progression of an idea from conception

to implementation

to adoption

sers, such charts cannot resemble the financial charts of the past

looking at such charts is to gaze into a black mirror where you could have bought and sold shares in Uber from the moment Uber was first conceived of as an Uberish idea
Read 6 tweets
7 Feb
Sers, what a strange, wicked, beautiful journey crypto can take us mortals on

It appears we'll soon have a tradeable $DEGEN token

It will = a basket of 10 of the fastest-growing, most promising small cap tokens in crypto

& it will run on $NDX

More 👇

$DEGEN will be a community-driven index of small cap tokens journeying from obscurity to blue chip-dom

It will make it easy for everyone to be a degen without having to put in degen hrs and have a degen history of f’ing around in this space for years

You'll simply have to buy $DEGEN to get exposure to 10 fire-breathing small cap tokens

When I first posted about $DEGEN 10 in December, I thought it'd be a fun way to track the market

It quickly morphed into a brain dump of knowledge from many of crypto's giga-brains
Read 16 tweets
20 Jan
One 🤡s reactions to the $YFI

1st thought: That's $220 million+... jfc

2nd thought: Well, maybe they'll get rid of the mint

3rd thought: They're not getting rid of the mint

More 👇
4th thought: They're adversarial AF to investors who are holding something w hardly any cashflow

5th thought: What's to stop them from coming back to mint another quarter billie?

6th thought: I'd rather own token x at this point
8th thought: Don't you do that, $YFI... don't you compare yourself to other projects. You can't. You're different. You play a different game than all the rest

9th thought: Wow. I think about crypto too much to be feeling this emotional
Read 13 tweets
15 Jan
A lot of people bitch about whales, but small traders have advantages, too

1 = Time

You can use it like a shank and stick it in the sides of the less patient and/or more active traders by holding long-term

2 = Ability to enter tiny projects

More 👇
It simply isn't worth a whale's time to look at low MC projects (say anything less than $10-$50 million)

There usually isn't enough liquidity there...

If you're holding $10m, putting $10k into a high-risk investment doesn't move the needle much
Sweet spot = entering a tiny project that's here for the long-term

I visualize projects as moving through plateaus. You can ride that climb

Plateau 1 = the true degen traders who buy tiny presales and do a lot of Uniswap flipping
Read 7 tweets
12 Jan
🤡 musings (not f'ing advice) on defi + adoption + #s

1/ It's January, and a single country (the U.S.) is already floating the idea of a $3t stimulus package

2/ Defi has done about a 27x in TVL over the past year to hit $22b lol

More 👇
2.5/ If the defi trend continues over the next year, we'd be approaching $600b in TVL

3/ Sound big? Consider that there's $18t earning negative yields atm ($600b is just 3.5% of that #)…
4/ Let us be reasonable bulls and say $BTC and $ETH triple this year That alone would take the crypto industry to $2.5t

5/ If the industry hits $2.5t and 20% of that finds its way into DeFi, we're at $500 billion TVL
Read 8 tweets
3 Jan
Sers, the results are in

May I present to you the official $DEGEN10

These are the Top 10 tokens (excluding $BTC and $ETH) that many of the most diehard crypto OGs think will dominate in 2021...

More 👇

The 2021 $DEGEN10

$SNX (102) @synthetix_io
$AAVE (79) @AaveAave
$SUSHI (76) @SushiSwap
$RUNE (71) @thorchain_org
$YFI (71) @iearnfinance
$LINK (50) @chainlink
$DOT (41) @Polkadot
$UNI (39) @UniswapProtocol
$GRT (35) @graphprotocol
$SYN (35) @SynLevdefi

👆 (parens = # of votes)

I'll track the performance of the $DEGEN10 vs. $BTC, $ETH and $USD regularly

142 entrants in total

Current plan = track the performance of the contributors' individual picks to see which degens rule them all at year end...

Read 11 tweets

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