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RYAN SΞAN ADAMS - rsa.eth 🦄 Profile picture
@RyanSAdams
May 27 • 2 tweets • 1 min read • Read on X
Did the Microstrategy of ETH just launch?

$425m in net new ETH buys. ETH treasury strategy. Blue-money gospel conviction.

Backed by Consensys and @ethereumJoseph.

The public vehicle is SBET on the Nasdaq.

Others will follow.

ETH = world reserve asset Image
@ethereumJoseph Official press:
investors.sharplink.com/sharplink-gami…

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More from @RyanSAdams

RYAN SΞAN ADAMS - rsa.eth 🦄 Profile picture
Sep 12, 2024
My takeaways from recent @CastleIslandVC stablecoins report. (Nice job @nic__carter)

Hard not to get excited.

1/ Real world use.

Blue bars down while green line up shows that stablecoins are increasingly used for everyday payments not just crypto speculation.Image
2/ Trillions in settlement.

On track for $5.3 trillion in stablecoin settlement in 2024. This is about 1/3rd of Visa's annual settlement.Image
3/ Stablecoins are multichain.

Since settlement assurance matter less and UX, gas fees, and convenience matter more stablecoin usage spans many chains w/ various degrees of decentralization - almost all usage is on EVM chains.Image
Read 9 tweets
RYAN SΞAN ADAMS - rsa.eth 🦄 Profile picture
Feb 23, 2023
The Coinbase thing is a big deal.

Ten reasons why:
1/ They choose Ethereum instead of launching their own L2. This is a massive vote of confidence for Ethereum.
2/ This sets precedent that other crypto companies will follow, then Fintechs, then banks. Eventually the world will use Ethereum as a settlement and property rights system.
Read 11 tweets
RYAN SΞAN ADAMS - rsa.eth 🦄 Profile picture
Feb 20, 2023
This shook me.

@ESYudkowsky says AI will end humanity.

He says @elonmusk and the OpenAI tribe are putting a demon summoning circle in every household.

He's given up.

"So this is what humanity will elect to do. We will not have more grace, not even here at the very end."
@ESYudkowsky @elonmusk "When everything is in ruins you may as well speak the truth"
Here's the 90 min convo before these clips

YouTube:
youtube.com/c/bankless

Spotify:
open.spotify.com/show/41TNnXSv5…

iTunes:
podcasts.apple.com/us/podcast/ban…

Warning: be ready for a full blown existential crisis
Read 5 tweets
RYAN SΞAN ADAMS - rsa.eth 🦄 Profile picture
Oct 13, 2022
1/ We had $718m in hacks in crypto this quarter.

$3 billion this yr.

"It's early, hacks will happen"

Yes.

But that's no longer good enough. Not when we face nation state level attacks.

And if we remain cavalier & don't defend our code, it'll cost us.

Thread:
2/ Notice when things turned ugly in the U.S.

The banning of Tornado.

It happened after the $625m Ronin hack. North Korea attackers made off w/ millions, pushed it through Tornado, & rattled U.S. defence aparatice.

An enemy of America got a new business model. Hacking crypto.
3/ Poor sidechain security led to a rouge nation hack which led to U.S. curtailing of citizen liberties and a more hostile gov posture toward crypto.

Just when we were making progress.

What if a rouge actor got control of 5% of the ETH supply? Would the U.S. ban Ethereum?
Read 5 tweets
RYAN SΞAN ADAMS - rsa.eth 🦄 Profile picture
Jul 22, 2022
1/ How did 3AC go bust?

Let's let @zhusu and @kyleldavies tell the story.

👇
2/ They failed to manage risk.

"We believed in everything to the fullest" - @KyleLDavies

They went all in on speculative projects, using margin, and didn't hedge. Kinda like gambling.
3/ They got rekt by Luna.

"we failed to realize that Luna was capable of falling to effective zero in a matter of days" - @zhusu

They got altL1 FOMO after missing the big altL1 run ups and started believing their own narratives. They added risk in an effort to catch up.
Read 8 tweets
RYAN SΞAN ADAMS - rsa.eth 🦄 Profile picture
Jun 7, 2022
1/ Does crypto bring equality?

One person will say crypto gives us a fair & egalitarian system. Another will point at crypto's wealth inequality & disagree.

That's because "freedom" and "equality" mean different things to different people.

There's a conflict of visions.
2/ Crypto people generally emphasize equality of process. Do I have the freedom to fork? To run a node? To get my transaction in at the market price?

Am I treated equally as all other participants? No bias. No special interests. Algorithms not humans.

Equality of process.
3/ Others disagree.

You call this equality?🤮

Equality of outcome is what matters. Look at the distribution...the rich own the bitcoin. Who cares if "anyone can transact" when 99% can't afford it.

A CBDC will bank the unbanked more than your crypto ponzi games & fake moralism
Read 6 tweets

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