Sol conf is bigger than we think, for those of you who cant make to the #breakpoint but got fomo’ed (like me) , we’ve got you!
In collab with my frenz @sainteclectic @CryptoFlowPost , we put together some notes that we think are important
#BreakpointLisbon Image
ref:
- Link: solana.com/breakpoint
#SolanaBreakPoint LiveStreamed On These Channels:
- Twitter: twitter.com/Solana
- Twitch: twitch.tv/solanatv
- YouTube: youtube.com/channel/UC9AdQ…
[Day 1]
1/ State of the Network
@aeyakovenko and @rajgokal
"Solana is the infrastructure to allow people to build businesses to change the world"
-SOLANA 15.23B TVL
-@phantom hit 1M Users
- 700 TPS of pure user base tx's, opposed to "vote transactions."
- Goals are “make Solana the fastest, cheapest, best UX”.
- awesome NFT subculture @DegenApeAcademy
"How do we measure decentralization?"
- max the cost to destroy all replicas
- max the cost of censoring messages ability to arrive to all replicas in real time
backbone of the Solana community are the validators
-Hackathon participation: 570 Teams
-100 of those teams have already started fundraising.
~2B of Venture capital has been invested in the ecosystem.

Credit to
2/ Talk by @balajis :

L0 > L1 + L2

L0(Legality) > L1 (Feasibility) + L2 (Scalability)

-focus on L0 (the legal and human behavior layer) to get blockchain adoption.
-Central Argument: Focusing on legality is more important than feasibility and scalability
-- What’s L0?

L2: Scaling: Making the best use of scarce block space or building better L1 chains

L1: Feasibility: Producing blocks, gaining consensus, incentivising the community

L0: Legality: Ideas in people’s minds and locations of people’s bodies

3/Chat with SBF
@SBF_FTX and @jackshaftoes
-FTX to make crypto/ NFTs accessible to a larger base
-Coinbase is 30x FTX user base
-Enhancing Mullet Fi - traditional finance in the front / defi in the back
-FTX is building a brand, not marketing
-2 focal points: Licensing and Education on regulatory structure
(Lack of oversight on collateralised Stable Coins)
-Better user interfaces needed

Credit to @YCE097
4/ @KyleSamani and @gakonst on Virtual Machines: Interoperability and maximalism
G: every company will have to have a multi strategy.
ETH teams do not have Rust experience so it is hard to expand to Solana.
G: Devs in solidity and EVM know very well how it works, 5 yrs of ETH vulnerabilities. As a new dev - security, blogs, tutorials, indexers, ETLs, peripheral infra - new dev should use Solidity but cases where ETH developers do like Rust due to EVM issues.
G: Solana will have to face the MEV problem or opportunity a bit later on in the game. Proof of History has nothing to do with MEV.
K: Anatoly-very focused on making things go fast. Very different from a lot of other Ll founders.
Raj - very diverse managing growing a team, dev relations, biz dev.
Solana’s Focus has been on Scaling. Solana took a different approach, parallel processing approach.
5/The future of gaming
-web 3 vs web 2 gaming - move from centralized profit making for gaming studios to decentralized profit sharing
-NFTs used as pre-launch acquisition
-The gaming economy will deepen giving real value to in game items

credit to
6/ @amytongwu(Lightspeed) Web 3 gaming is the future.
@lightspeedvp and two other venture firms just announced a $100 million GameFi ecosystem fund, which will be used to invest in projects "at the intersection of blockchain and gaming."
7/The @graphprotocol’s hosted service will integrate solana
8/ @brave partnered with @solana to integrate it into the browser and to natively default to solana in sol enabled Dapps in the browser
This is the first in our series of notes/big news for sol conf, stay tuned for @thesaintelectric for highlights and @CryptoFlow for Chinese content

here we go ; )
[Day 2]
9/ After ATH: Where Crypto-Native Think We’re Going Next
@Darrenlautf @santiagoroel @Arthur_0x @bneiluj
S: We are at a point where this tech is being used and we have infra to support users. Crypto is hitting a transformational stage.
A: Defi from price perspective has not been performing, but they are hitting their growth metrics , market isnt really paying attention, nft gaming is culture finance is finance - theres still a lot of growth, multichain future is definitely happening.
A: Solana is hitting escape velocity, defi is growing - defi 2.0 are still building on foundations of defi 1.0 - price is more narrative driven. We will see more fintech using defi with front end being fintech apps and backend defi.
J: very different from 2017, last market was a lot of FUD and govts were fighting crypto now adoption of blockchain taking place. Now all the countries are paying attention (central banks, Facebook). Believes market will go up, but hard to predict.
J: Protocols initially were competing against each other now apps are building on top of protocols. Entering L3, L2 - bridges etc.
D: Thesis for new sector
S: Defi, NFTs and gaming. NFTs are easy to explain and its relatable. Investing in games and NFTs then how does user interact with Metaverse. Relationship with money is changing for the new generation. BTC non soverging store of value.
A: Gaming - Axie Infinity, p2E. Arhtur is a gamer, lots if value for NFTs into gaming. Half of deal flow has been gaming and NFT projects. Intersection of gaming and digital economy.
A: Digital world economy will overtake physical world. Gaming can be detached from the crypto market but still incorporate it.
J: Axie infinity AXS is more valuable than the actual national currency. We will see that money is a different concept of what we are used to. People in Phil. Prefer getting paid in AXS. Now govt are fighting back with regulation.
D: Physical World?
S: people want to get paid in tokens not currency. They want to be incentivized with native token. DAOs Protocols people want to get involved Open sources are better than closed sources.
A: Game changing NFTs entirely new distribution channel from their work and building a community. Most artists and musicians are under paid - NFTs will change this especially in Asia. Spotfiy rev is too small. For artists, a better way to price their art.
D: Sol flipping Eth?
S: Eth already flipped BTC in terms of usage and metrics. Gold trillion dollar asset, but ETH and Sol are creating many new other use cases. Can Sol flip Eth? Doesnt know but ETH can serve different use cases
A: sol flipping eth in 3 yrs~ 40-50%. ETH is very valuable. Growth of Sol happening faster than growth of ETH rn due to smaller market. SOL is built for growth. We havent seen a bear market yet so cant tell how the community will react. Sol is prime for growth,reaching mln users
D:Excitement ?
S: games. ILV
A: Aave announced they will deploy on Neon. Always been on point with execution. Need to balance growth and innovation and AAVE has done this. Gaming as well, triple A quality being launched with deeper blockchain integration.
J: ILV as well. When gaming studious start building on top of blockchains. Big gaming companies starting to enter market. Big companies that we use today are jumping into Blockchains like FB and TikTok etc. as well as financial firms.
10/ @jumpcapital lead @neonlabsorg $40m private token sale and support their cross-chain EVM solution for @solana.
12/ $40M into @neonlabsorg, developer of EVM on solana
14/reddit co-founder @alexisohanian and @sevensevensix commited $100M to help build decentralized social media on Solana.
15/Degens on solana (YESSSSS, we all degens by heart)
Finally, many first at solana #breakpoint conf
-solana’s 1st major conf
-Sol conf united SOL rust devs community for the 1sttime
-$SOL entered top 5 crypto rankings by mcap
-breakpoint set stage for solana’s breakpoint community
-coding in Rust spur a new wave of DeFi 2.0 inno?
Stay tuned for the highlights from @sainteclectic

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More from @sallywang666

7 Jul
For those of you who’s wondering what this #China FUD is all about and what it leads to. First time coauthored with @jon_ftx talking about what our thoughts are and what messages China is delivering to the market —-

Have a read! : )

blog.ftx.com/blog/wang_chee…
The “China Monetary Policy Implementation Report for Q1 2021” released by the PBOC in May 2021 set the tone for the next stage of the country’s monetary policy, clarifying that “a prudent monetary policy should be flexible, targeted and appropriate,
put the service of the real economy in a more prominent position, cherish the normal monetary policy space, and handle the relationship between economic recovery and risk prevention.”
Read 18 tweets

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