The best 24 year old VCs I know are now managing shareholder litigation at DATs

Revenue meta means we will all go work for Blockworks because they have the fastest growing revenue from all the L1s, L2s and protocols

If you like to think through things before you do anything, you might make it in crypto but your project won’t. This is a game of tinker not thinker

The most bearish thing you can do in a startup is long discussions on slack featuring lots of people

The P/S ratio of ETH is up 12% after Santiago “first round interview” Santos called it too high

crypto is an event driven technology. The two main components of any blockchain or crypto protocol are main event and side events

Solana ecosystem tokens have a seeerious spam problem. Jup, Jito, Fartcoin, Jelly, Muradcoin... a token is a token ie nihilism problem - no chart really survives it - compared to Bonk , Jup, Jito in the pre pump fun days... we all lie in the beds we make

Solana ecosystem tokens have a seeerious spam problem. Jup, Jito, Fartcoin, Jelly, Muradcoin... a token is a token ie nihilism problem - no chart really survives it - compared to Bonk , Jup, Jito in the pre pump fun days

The extent to which the sec has won the battle by giving up the fight against tokens and allowing crypto to self destruct under crime szn is quite incredible... the demand gap between "crypto equities" and "crypto" is absolutely insane rn

Its incredible to the extent the sec has won the battle by giving up the fight against tokens and allowing crypto to self destruct under crime szn

All the finance bros want crypto equities to do well without the underlying crypto doing well... bruh

The biggest upside of having a real job is that you can host panels at conferences

Tokenization is like teenage sex...

Due to market conditions, I now self identify as an AI data center

there's no revenue in applying the real world to crypto, there's all kinds of revenue in applying crypto to the real world

Two ways to do tokenization:
1. the american way: let's solve what we can solve now and tomorrow we will solve the next thing
2. the european way: let's think of every damn thing that we need solve globally, fix mifid, fix aml, fix psd2, fix identity, fix ... and never start

10/10 didn't go unnoticed by institutions trading on offshore exchanges and perp dexes. Somehow there's no US regulatory discussion on spot exchanges yet but that will likely change during 2026 - meanwhile CME and LMAX are major beneficiaries of 10/10

Mood at Abu Dhabi: people who don’t personally own a lot of crypto (institutions/“digital assets” people) are much more happy/bullish on crypto than people who own a lot of crypto