srinath hariharan 🦇📢 Profile picture
I like to build things | prev investment partner @yourcampusfund | ODC1 | Follow me for breakdowns of complex crypto concepts | DMs open
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Jul 18, 2021 11 tweets 3 min read
VCs have raised crypto funds, but where's the drama?

With Sushi trying to bring VCs on board with its phantom troupe proposal - things are getting heated up

"This Sushi proposal is going to change the way fundraising works in DeFi forever"

h/t @kermankohli @ai

a🧵 For context:

Sushiswap is one of the largest crypto DEXs

Sushi's governance system is simple -

- Operational changes are made by the dev team
- Major changes and use of the treasury are voted on by the community

Voting is based on Sushipowah which you get for staking sushi
Jul 16, 2021 9 tweets 2 min read
Sam Bankman Fried is one of the richest people in crypto after Satoshi

He's 28 and worth an estimated $8.7 Billion

Here's the crazy story of the Japanese bitcoin arbitrage ploy that got him started

a 🧵👇 in 2017 Bankman noticed that bitcoin traded at a 10% premium in Japan vs the US.

At scale thats $100 mil on a billion dollars *assured*.

An absolute no brainer trade.
Jul 2, 2021 13 tweets 4 min read
THREAD: DAO's could remove the need for most legal entities

Charities, Venture funds, Rolling funds, RE syndicates and so much more

DAOs are a seemingly simple concept with HUGE scope for application

DAO 101: Everything you need to about DAO's

👇👇👇 What is a DAO?

A DAO is group of people that come together with a shared agenda and pool of funds

And this organisation is governed by a smart contract
Jun 15, 2021 8 tweets 5 min read
How to get started in crypto

incredible takeaways from the @GoodTimeShowCH hosted by @sriramk and @aarthir

If you read till the end you can find out what it takes to DM @balajis for crypto advice

A thread From the @0xPolygon founders @_jdkanani and @sandeepnailwal:

- People in crypto communities are cool. Just reach out and ask for advice. There are no stupid questions

- Build > worry about regulation. Worse case scenario - you pack your laptop and take a flight out
Jun 13, 2021 10 tweets 3 min read
Bitcoin's taproot upgrade is a huge deal for the entire crypto community

It has finally received approval from miners to move ahead

h/t @KenzieSigalos

What is Taproot and what does it mean?

A breakdown for the avg non technical user

🧵(1/8) Proposed by Gregory Maxwell:

Taproot was first proposed in 2018 by Gregory Maxwell,

Greg used to be the CTO of @Blockstream till 2018,

After which he left to work on Bitcoin's core development (2/8)
Jun 4, 2021 15 tweets 5 min read
If you know ETH, you've heard of Polygon - $MATIC

They've had a ton of buzz recently with @mcuban investing in them

and have seen a 500% rally since April

But what is it? I read the whitepaper, so you don't have to

Here's all about polygon for the avg non technical user

a 🧵 Polygon started as Matic Network in 2017 by @sandeepnailwal @_anuragarjun and @_jdkanani
May 24, 2021 13 tweets 3 min read
@solana is becoming the AWS of crypto

A recent tweet by @garrytan about his frustration using Binance to buy Solana piqued my interest in it

I read and condensed the white paper, so you don't have to

here's an overview on Solana for the avg non technical reader

a 🧵 Solana was started over 3.5 years ago

by ex-Qualcomm and Dropbox engineer Anatoly Yakovenko

Solana is trying to build the infrastructure to power the next generation of crypto and DeFi apps
May 20, 2021 9 tweets 2 min read
"For the internet, Ethereum 2.0 launch will be Independence Day.

$ETH is internet independence. 🚀"

h/t @AlexMasmej

The beacon chain is already here

Scared about your ETH price drop? this might ease your mind

ETH 2.0 for the average non technical user

a thread 🧵 For Context

Ethereum did 1.46 million transactions yesterday, up 72% YoY

With the rapid adoption of ETH, for Dapps, NFT's and more. ETH desperately needed an upgrade
May 11, 2021 12 tweets 3 min read
"EIP-1559 mathematically guarantees that $ETH will hit $15,590. That is my high level understanding"

h/t @ricburton

With ETH breaking all time highs this week, understanding it has become an imperative

WTF is EIP-1559 mean for the average non technical user?

a thread 🧵 **Some context:**

Currently 90%+ of web3(NFT's, DAPP's etc) is all on the ETH ecosystem.

With more real world applications spawning everyday, transaction fees(also called gas fees) are becoming increasingly important