I think people in crypto are way too hard on Layer 1s and big protocols while being wayyyyy to easy on the rest of the crypto ecosystem.
Ethereum is one of the most technological leaps of the century and and people were complaining about 7-year-old tech taking a while to execute on the roadmap.
Damn, give it a sec guys. Ethereum has to be up there in the fastest growing assets of all time.
Sep 22 • 19 tweets • 6 min read
WHY IS NO ONE TALKING ABOUT THIS?
The crypto Youtube reply-bot scammers have made Twitter practically unusable.
But have you ever wondered how the scam they advertise actually takes your money? It's 10x more clever (and more interesting) than it seems.
Here's how it works:
Before we get into the scam itself, let's talk about some general rules to protect yourself on Crypto Twitter:
• Don't respond to DMs from people you don't know/big accounts
• Don't give your seed phrase to anyone
• Use a hardware wallet
Sep 15 • 13 tweets • 5 min read
Now that the merge has gone through successfully, it's time to level up your research skills.
One way to do that?
Directly investigating the chain with block explorer Etherscan.
Here are some powerful features on the platform that can help you generate your own alpha:
Etherscan is a block explorer: it allows you to explore the depths of the Ethereum chain.
It's not as user-friendly as products like Nansen and DeBanked but it has all of the information they have and more.
Every transaction, contract, and wallet can be examined on Etherscan.
Sep 12 • 14 tweets • 4 min read
Crypto is a game of information.
He who controls the information controls the outcome.
Average information = average results
Asymmetric information = outstanding results
Create your own luck. Here are 5 FREE tools that can help you develop an informational edge:
1. Governance Tracking
While governance proposals are public, it often takes an official social media announcement for the price to reflect the change.
Proposals normally happen on:
• Project Forums
Before they get pushed to social media.
Sep 8 • 21 tweets • 6 min read
WHAT CAN THE EARLY DAYS OF INTERNET TEACH US ABOUT THE FUTURE OF CRYPTO?
Did people see the potential of the internet right away? Or did it take time to find novel use cases?
I interviewed an expert on the early internet era to find out:
Ok, I've got something to confess.
The expert? He's my dad. He's well-qualified, though:
• CompSci graduate (1983)
• Worked on the B2 stealth bomber
• Was among the first consumer internet users in the late 80s
• Now retired and lives on a farm
Sep 7 • 4 tweets • 1 min read
Discounting L1s and L2s, I think LIDO has the best chance of attaining a trillion-dollar market cap of any crypto out there
Let's say ETH attains a $10T mkt cap and Lido has a 49.99% market share.
Lido charges 10% fee on all staking rewards and we estimate rewards to be 10%.
Lido will earn 50b a year in rev with virtually no costs
P/E of 30 easily takes us to a 1T mkt cap
Sep 6 • 8 tweets • 2 min read
NFTs are lottery tickets. They're altcoins w/ pictures, but they have different mechanics.
People don't buy NFTs to trade in volume at the floor, they buy them cause they want to turn $500 into $500k
That's why I don't think sudo-style passive liquidity models will work, it just enables dumping.
Getting dumped on was the whole reason retail stopped playing alts/never really came on chain to trade.
Retail wants zero or infinity, they don't care about if its liquid or not
Aug 29 • 15 tweets • 6 min read
Arbitrum has been popping off recently, and it's not just GMX and DeFi bluechips that have driven adoption.
Today I put out a call for small, underrated projects on Arbitrum.
After some investigation, here are 5 interesting projects on the L2 that I'm excited about:
Of all of the Layer 2s, I think Arbitrum has the most built-in innovation.
Don't get me wrong, there are plenty of interesting projects (including forks and L1 deployments) on other L2s, but it's undeniable that Arbitrum has a strong lead for now.
Aug 16 • 15 tweets • 4 min read
This thread won't spoonfeed you an altcoin that does a 100x.
This thread will help you become the type of speculator or investor that can FIND a 100x:
In the bear market, we return to the fundamentals.
The fundamentals of assets (cash flows, tokenomics, product-market-fit)
The fundamentals of investing: honing the process, actions, disciplines, and emotions of speculating and investing.
Aug 12 • 14 tweets • 5 min read
THE ATTACK ON TORNADO CASH IS AN ATTACK ON DIGITAL FREEDOM
We WILL respond to the injustice of the Tornado Cash arrest/sanctions.
Tools of financial and human liberty must be protected, here are four organizations protecting crypto/privacy that need your help:
Tornado Cash is an Ethereum-based tool that allows users to mix and move funds from a 'doxxed' (known) address to a different address without connecting the two, preserving a degree of privacy for the users.
While it has been used by hackers in the past, most activity is legal.
Aug 11 • 6 tweets • 1 min read
Three questions to gauge Crypto Twitter's sentiment around current market conditions:
Have we bottomed?