David Hoffman
@TrustlessState • 256,970 subscribers
Optimistic storyteller of frontier technology. The chaotic side of @Bankless
Videos
Arthur Hayes thinks the AI bubble will lead to a Credit Event worse than 2008 "If we do get an AI credit event... it will be bigger than 2008.... and the Fed can't outprint Moore's Law If this thesis is correct, and you time this well... you'll never work again So what's the first response by the authorities to save the Banks? They're going to shovel money in... And all investor capital will rotate to Crypto"
David Hoffman285,656 просмотров • 2 месяцев назад
Iran, Unchained w/ Ameen Soleimani and @_Injaneb96. Some will object to using Bankless to cover a subject far outside crypto. I’ve reflected on this - this is an issue where I cannot stay silent. I consider this a personal moral obligation, and I’m ready to own the consequences. Over the past week, I used rhetoric that blurred radical Islamist ideology with Islam more broadly, for which I apologize. For most Muslims, the crimes of the Iranian regime are as foreign and horrifying as they are to anyone else. ====== Now, onto the content: The Islamic Republic has killed an estimated 30k–60k Iranians - one of the fastest state-run mass killings in modern history. But we will never know the true number, since the Regime is actively working to cover it up This regime survives on ignorance of its brutality I produced this episode with @__Injaneb96 and Ameen Soleimani in order to educate on how the Islamic Regime of Iran retains and expands its power Regime change in Iran would be the single greatest improvement for humanity Watch this to learn why:
David Hoffman208,832 просмотров • 7 месяцев назад
The main value of staking $VVV is transferring from $VVV yield, to actual, real utility in the Venice ecosystem. As $VVV yield drops to low single digit APY, the Venice team is adding additional incentives to stake VVV - Increased $DIEM supply target - Venice Pro for free, for life Jon Venice: "one of the core metrics I think as a VVV holder you should be looking at is like how much DIEM can I actually mint? How much inference can I get kind of per VVV?" Yields come down as utility expands makes sense to me 👍
David Hoffman18,263 просмотров • 16 дней назад
This episode made me pretty bullish $LIT The regulated US perps market is a $+100b market, and Lighter is pursing the regulatory licenses required to access it The $LIT token is issued out of a Delaware C-Corp Everything about Lighter is a green flag for US regulators Episode out for Premium Subscribers!
David Hoffman82,686 просмотров • 3 месяцев назад
I’m actually not pivoting into some Alt-L1 ecosystem I’m pivoting into fitness content
David Hoffman55,475 просмотров • 3 месяцев назад
Torre Norte in Torres Del Paine ✅ 500m, ~10 pitches, 5.11a crux Incredibly cold but the views are overwhelming
David Hoffman76,162 просмотров • 10 месяцев назад
Big changes going on at Base! Ryan and I discuss the Pivot going on at Base jesse.base.eth puts 'Web3 Social' back on the shelf, and Cobie takes over Base App product development... likely to prioritize trading Ryan's take: Perhaps taking a risk on social features for Base app was better risk for a startup, rather than in Coinbase
David Hoffman16,174 просмотров • 1 месяц назад
I do my best to explain $ANSEM to RYAN SΞAN ADAMS Memecoins are fundamentally unsustainable, but we know that Regardless, Pump memecoins are graduating 4x more. $SOL is up 15% vs BTC / ETH Energy is brewing on Solana Is this a single shot-in-the-arm, or something sustainable? I remain skeptical
David Hoffman18,403 просмотров • 2 месяцев назад
Venice recently added API & Credit purchases to the list of $VVV burn mechanisms, which 3x'd the rate of VVV burn overnight. Two thing are happening here: - More of the Venice business is directly connected to VVV burn. - VVV holders can now infer Venice API/Credit revenue by proxy of the VVV burn from this line of business I talk to Jon Venice about this: "The latest credit burns in the credit side of the business has been growing tremendously over the last couple of months. And that includes both people using the app, and buying credits to do things like use pay per use models, create videos, use professional image models...." "So all this this basically takes that whole side of the business that wasn't on chain yet and puts it on chain and ties it to the burn. So what you're seeing there with the credits is that we're averaging, somewhere in the range of $120,000+ credit purchases a day on Venice on top of subscriptions" "I expect to see this credit burn grow just because, that part of the business did not even exist, seven or eight months ago. So that's gone from nothing to almost, you know, in the range of like 50% of our business on an average day. So now that all flows directly back to the VVV token economy." "This just adds everything we've been saying, you know, since we launched VVV, since we've been talking about this over the last couple of years, we really do want to buy and burn as much VVV as we possibly can. We want Venice to grow into a large enough business to be able to afford and buy and burn very large amounts of VVV." "So we're just going to keep marching on that plan."
David Hoffman10,461 просмотров • 1 месяц назад
Question from the $VVV telegram: "With annual emissions still exceeding current VVV burns, what's the realistic path towards VVV becoming net deflationary? Jon Venice: "...We do have a stated goal of VVV becoming a deflationary asset over time. So far I think all of our actions have marched right towards that. We've gone from at launch 14,000,000 in VVV in emissions a year to now 3,000,000 in VVV. So it's been a significant reduction." "The burns have been coming up on the other side especially as the business grows. We're just gonna keep doing the things we've been saying that we're going to do, In order to march towards deflation, that means emissions need to come down further and that and burns have to go up higher." "People should expect emissions to keep dropping and they should expect burns to keep growing. And at some point, burns will exceed emissions, and that's when we have a deflationary asset. We're not there yet. But I fully expect that we will get there kind of sooner than later without giving an exact timeframe."
David Hoffman10,779 просмотров • 1 месяц назад
This is what Devcon 8 | Mumbai, India 🇮🇳 opened with How do I tag every single bitcoiner
David Hoffman77,045 просмотров • 1 год назад
Quantum isn't just Bitcoin's problem Post-quantum signatures are 10x to 1,000x larger than what we use today. High-TPS chains like Solana have hyper-optimized everything, down to the hardware, around tiny signatures All this optimization work is bricked by Quantum Solana will have to rip it all out and rebuild from scratch nic carter discusses:
David Hoffman25,012 просмотров • 5 месяцев назад
Happy ATH day! OH Squat - Bodyweight + 10kg If Bitcoin is pumping, so should you!
David Hoffman57,807 просмотров • 1 год назад
