David Hoffman
@TrustlessState • 262,564 subscribers
Optimistic storyteller of frontier technology. The chaotic side of @Bankless
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Venice started October at 250 Billion Tokens/Day It ended October over 1 Trillion Tokens/Day On the Oct $VVV call, I asked Jon Venice: "What was the catalyst? Where did 4x growth in a month come from?" His answer: "We made a change that made Venice 10x better"👇
David Hoffman17,580 görüntüleme • 4 gün önce
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 görüntüleme • 4 ay önce
A question from the $VVV telegram: What role does NEAR Protocol play in Venice's product? NEAR AI is one of Venice's providers for "nuclear-level privacy" for AI inference Jon Venice: "this is a smaller part of Venice overall inference, but it's really important and critical to our offering"
David Hoffman35,675 görüntüleme • 22 gün önce
![Did you know Venice is building out its own data center? Venice is vertically integrating, to reduce token costs and increase its margins. From the last $VVV call with Jon Venice: "[we are] building out this initial data center and then looking even at multiple potential for additional data centers after that. I believe that the first data center is supposed to come online hopefully before the end of October [or early November] there might be a world where we decide that, you know, our margins are good enough that we can increase the amount [of $VVV burn]"](https://image.24vids.com/tw-2110400093333413957/amplify_video_thumb/2110399030756847616/img/DyeCU_MxrjJX5NZT.jpg)
Did you know Venice is building out its own data center? Venice is vertically integrating, to reduce token costs and increase its margins. From the last $VVV call with Jon Venice: "[we are] building out this initial data center and then looking even at multiple potential for additional data centers after that. I believe that the first data center is supposed to come online hopefully before the end of October [or early November] there might be a world where we decide that, you know, our margins are good enough that we can increase the amount [of $VVV burn]"
David Hoffman32,027 görüntüleme • 23 gün önce
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 Jojobet 2026 Adresi 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 Hoffman208,984 görüntüleme • 9 ay önce
Jon says the Venice daily token chart is the best chart in crypto, and I can see why. - Token demand is the foundation of AI - Venice's daily token demand growth is accelerating - $VVV is the only asset in crypto that provides exposure to AI token demand The entire AI boom rides on the back of increasing demand for tokens. So long as this curve is accelerating up, I remain irrationally bullish on $VVV
David Hoffman34,647 görüntüleme • 1 ay önce
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 Hoffman83,879 görüntüleme • 5 ay önce
![When will Robinhood integrate perps into the main Robinhood app? Johann Kerbrat: "If we get the right regulatory structure, we will absolutely have perps." "You can already do [full-featured perps] with our Lighter integration, on Robinhood Wallet..." imo as soon as Lighter gets its license, you'll see perps in Robinhood quickly thereafter.](https://image.24vids.com/tw-2102760278349816144/amplify_video_thumb/2102756386757132288/img/e1g12DxVRIeBDBXZ.jpg)
When will Robinhood integrate perps into the main Robinhood app? Johann Kerbrat: "If we get the right regulatory structure, we will absolutely have perps." "You can already do [full-featured perps] with our Lighter integration, on Robinhood Wallet..." imo as soon as Lighter gets its license, you'll see perps in Robinhood quickly thereafter.
David Hoffman24,760 görüntüleme • 1 ay önce
The more I learn about Venice, the more I like its position in the AI market. The frontier labs spend billions training models. Venice just serves those models to users, (privately) Since Venice isn't in the training arms race, its more aligned with its users - No pressure to harvest users to feed the next model - Its incentives line up with yours, not against you - Better margins, because OAI/Anthro paid the R&D costs The labs race to the bottom. Venice resells their product with a margin. Jon Venice and I discussed this in the Sept VVV call:
David Hoffman14,819 görüntüleme • 1 ay önce
I’m actually not pivoting into some Alt-L1 ecosystem I’m pivoting into fitness content
David Hoffman55,481 görüntüleme • 5 ay önce
Torre Norte in Torres Del Paine ✅ 500m, ~10 pitches, 5.11a crux Incredibly cold but the views are overwhelming
David Hoffman76,162 görüntüleme • 1 yıl önce
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 görüntüleme • 2 ay önce
This is what Devcon 8 | Mumbai, India 🇮🇳 opened with How do I tag every single bitcoiner
David Hoffman77,045 görüntüleme • 2 yıl önce
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 görüntüleme • 4 ay önce
