Загрузка видео...

Не удалось загрузить видео

На главную

Blockchains are getting busier and cheaper while their tokens crash "There's a great report from Bitwise showing this strange phenomenon. Blockchain adoption is increasing massively, but the tokens are dumping to Hades. Eth, Sol and Avax each fell approximately 50% or more over the past year" "Ethereum transactions increased...

scottmelker's profile picture

The Wolf Of All Streets

1,084,649 subscribers

20,446 просмотров • 5 дней назад •via X (Twitter)

Наука и технологииФинансыНовости и политика
LIVE

Anya Rossi• Live Now

Private livecam show

Комментарии: 0

Нет доступных комментариев

Здесь появятся комментарии из оригинального поста

Похожие видео

If you do anything today, please listen to this 3-min clip on what Co-CEO Joseph Chalom refers to as The ETH Opportunity... FYI, Joe is the former Head of Digital Assets Strategy at BlackRock, who drove the creation of IBIT, ETHA, and BUIDL. "The more assets and transactions that are secured on the Ethereum network, have been proven to increase the value of ETH..." "If you look at the last 5 years, for each $2 secured on the network, on Ethereum and the L2s, it's driven about $1 of market cap value of Ethereum [ETH]..." "And if you take a step back and say stablecoins are at this size today, but Treasury Secretary Scott Bessent says it's gonna grow to a trillion over the next 3 years, if you look at the adoption of RWAs, which is in the first inning and can literally go j-curve, the value of tokenized assets which could be measured in the trillions or tens of trillions... they are gonna be secured by a decentralized network. We believe the vast majority is gonna be Ethereum. That is a bull case for ETH..." "If more assets are secured on the Ethereum network, the value of ETH will go up, and the value of it being a trust commodity, the highest value of money, is gonna be critically important if you believe we are at a paradigm shift, and that's what I call the ETH opportunity. It's not a trade, it's an ETH opportunity." "And for all of those who feel like they missed the early days of crypto, you are at still a very early entry point in the adoption of Ethereum and that is the long term ETH opportunity, not the ETH trade." ACCELERATE 🚀
3:10

If you do anything today, please listen to this 3-min clip on what Co-CEO Joseph Chalom refers to as The ETH Opportunity... FYI, Joe is the former Head of Digital Assets Strategy at BlackRock, who drove the creation of IBIT, ETHA, and BUIDL. "The more assets and transactions that are secured on the Ethereum network, have been proven to increase the value of ETH..." "If you look at the last 5 years, for each $2 secured on the network, on Ethereum and the L2s, it's driven about $1 of market cap value of Ethereum [ETH]..." "And if you take a step back and say stablecoins are at this size today, but Treasury Secretary Scott Bessent says it's gonna grow to a trillion over the next 3 years, if you look at the adoption of RWAs, which is in the first inning and can literally go j-curve, the value of tokenized assets which could be measured in the trillions or tens of trillions... they are gonna be secured by a decentralized network. We believe the vast majority is gonna be Ethereum. That is a bull case for ETH..." "If more assets are secured on the Ethereum network, the value of ETH will go up, and the value of it being a trust commodity, the highest value of money, is gonna be critically important if you believe we are at a paradigm shift, and that's what I call the ETH opportunity. It's not a trade, it's an ETH opportunity." "And for all of those who feel like they missed the early days of crypto, you are at still a very early entry point in the adoption of Ethereum and that is the long term ETH opportunity, not the ETH trade." ACCELERATE 🚀

DeFi Dad ⟠ defidad.eth

259,911 просмотров • 11 месяцев назад

Joseph Chalom on when Ethereum will start triggering the burn again "At some point, the transaction volumes coming on Ethereum are going to be many, many multiples of what we see today. Right now there's a lot of blockspace, we're not triggering the burn. But when you start seeing stablecoin growth like we expect, and tokenization, that changes" "There's only $31 billion of tokenized real world assets. The estimates, whether it's BCG or Citigroup or B. Riley, is that it's going to be measured in the trillions. DeFi has had a hiccup from a security perspective, but wait until RWAs join Bitcoin and ETH in borrowing and lending markets. You're gonna see massive transaction volume, and that's even before we get to agentic" "This stuff is compounding. If stablecoins, tokenized real world assets, and DeFi are largely happening on Ethereum, this is gonna be a righteous circle, and more and more share of transactions are gonna happen on Ethereum. At some point, we'll start triggering the burn"
1:04

Joseph Chalom on when Ethereum will start triggering the burn again "At some point, the transaction volumes coming on Ethereum are going to be many, many multiples of what we see today. Right now there's a lot of blockspace, we're not triggering the burn. But when you start seeing stablecoin growth like we expect, and tokenization, that changes" "There's only $31 billion of tokenized real world assets. The estimates, whether it's BCG or Citigroup or B. Riley, is that it's going to be measured in the trillions. DeFi has had a hiccup from a security perspective, but wait until RWAs join Bitcoin and ETH in borrowing and lending markets. You're gonna see massive transaction volume, and that's even before we get to agentic" "This stuff is compounding. If stablecoins, tokenized real world assets, and DeFi are largely happening on Ethereum, this is gonna be a righteous circle, and more and more share of transactions are gonna happen on Ethereum. At some point, we'll start triggering the burn"

Laura Shin

24,617 просмотров • 1 месяц назад

‼️JIM CRUMER SAYS #XRP IS A SCAM!! ITS A CON!!! RIGHT AS 51 NEW PROJECTS JOIN THE #XRP LEDGER AND BANK OF AMERICA ANNOUNCES ALL THEIR TRANSACTIONS TO RUN USING XRP!!‼️ ALSO LAUNCHED A FEATURE WHERE ANYONE EVEN ON A PHONE CAN LAUNCH A TOKEN ON THE XRPL!! FOR ONLY 10 XRP!! WITH EVERY TRANSACTION 1000 BXE TOKENS ARE BURNT!! LOAD UP ON THAT BXE TOKEN WHILE ITS STILL IN PRESALE AT $0.015!! THE SUPPLY IS CAPPED AT 500 MILLION THATS IT!!
3:05

‼️JIM CRUMER SAYS #XRP IS A SCAM!! ITS A CON!!! RIGHT AS 51 NEW PROJECTS JOIN THE #XRP LEDGER AND BANK OF AMERICA ANNOUNCES ALL THEIR TRANSACTIONS TO RUN USING XRP!!‼️ ALSO LAUNCHED A FEATURE WHERE ANYONE EVEN ON A PHONE CAN LAUNCH A TOKEN ON THE XRPL!! FOR ONLY 10 XRP!! WITH EVERY TRANSACTION 1000 BXE TOKENS ARE BURNT!! LOAD UP ON THAT BXE TOKEN WHILE ITS STILL IN PRESALE AT $0.015!! THE SUPPLY IS CAPPED AT 500 MILLION THATS IT!!

TheXRPguy

60,565 просмотров • 1 год назад

"It's a sign that crypto actually built infrastructure that works. But is it bullish for the projects and tokens involved? I'm not sure it is" Joshua Frank on what Robinhood building on Arbitrum really means for crypto "There's a reason Robinhood is choosing to do this onchain. They can go 24/7, low fee trading for their customers. But Robinhood is operating all the sequencers behind the scenes. It's their chain, they're controlling everything. It's not like Arbitrum is being used for transactions of any sort" "As we saw with Base and Optimism, loyalty is not necessarily a real thing. But obviously they saw something in Arbitrum's technology they liked, so maybe that's bullish broadly for Arbitrum" "The reality is it probably creates more demand for trading tokenized equities 24/7. Maybe dYdX or other platforms offering that are able to generate fees back to token holders. A few years ago the crypto market would have reacted and ARB would have been up 70% on the day. But this is just a picks and shovels kind of play"
1:47

"It's a sign that crypto actually built infrastructure that works. But is it bullish for the projects and tokens involved? I'm not sure it is" Joshua Frank on what Robinhood building on Arbitrum really means for crypto "There's a reason Robinhood is choosing to do this onchain. They can go 24/7, low fee trading for their customers. But Robinhood is operating all the sequencers behind the scenes. It's their chain, they're controlling everything. It's not like Arbitrum is being used for transactions of any sort" "As we saw with Base and Optimism, loyalty is not necessarily a real thing. But obviously they saw something in Arbitrum's technology they liked, so maybe that's bullish broadly for Arbitrum" "The reality is it probably creates more demand for trading tokenized equities 24/7. Maybe dYdX or other platforms offering that are able to generate fees back to token holders. A few years ago the crypto market would have reacted and ARB would have been up 70% on the day. But this is just a picks and shovels kind of play"

The Wolf Of All Streets

31,562 просмотров • 1 месяц назад

YC Managing Partner Harj Taggar says many young founders are still too conservative with token spend and advises them to not skimp on token budget. "Token spend is more like rent. You don't say, 'I'm not moving to San Francisco to build my tech startup because the rent's expensive.' Yes, it's expensive, but it's the place to be. You don't conserve on that. You actually want to spend money on that. There's other things you save money on." "Many of the founders, especially if they're younger, just don't have the budgets to use the latest models and be cost insensitive and token-max. They're just used to conserving and trying to do more with less." "Internally, we wonder if there's some training to push the founders to spend more on tokens because maybe they're thinking about tokens as something you should conserve spend on."
1:42

YC Managing Partner Harj Taggar says many young founders are still too conservative with token spend and advises them to not skimp on token budget. "Token spend is more like rent. You don't say, 'I'm not moving to San Francisco to build my tech startup because the rent's expensive.' Yes, it's expensive, but it's the place to be. You don't conserve on that. You actually want to spend money on that. There's other things you save money on." "Many of the founders, especially if they're younger, just don't have the budgets to use the latest models and be cost insensitive and token-max. They're just used to conserving and trying to do more with less." "Internally, we wonder if there's some training to push the founders to spend more on tokens because maybe they're thinking about tokens as something you should conserve spend on."

TBPN

64,982 просмотров • 1 месяц назад

A viral tweet claimed that Meta is now responsible for nearly a third of Anthropic's $30B ARR, based on reporting that Meta used 60.2T tokens over 30 days. This doesn't actually pencil out. It assumes all of Meta's spend is on output tokens, which are much more expensive than input tokens, and which would be extremely unusual — according to OpenRouter data, about 98.9% of all Opus 4.6 tokens are input. The actual number is *maybe* closer to $136M a month, or $1.6B a year. Tyler Cosgrove goes through the math:
4:55

A viral tweet claimed that Meta is now responsible for nearly a third of Anthropic's $30B ARR, based on reporting that Meta used 60.2T tokens over 30 days. This doesn't actually pencil out. It assumes all of Meta's spend is on output tokens, which are much more expensive than input tokens, and which would be extremely unusual — according to OpenRouter data, about 98.9% of all Opus 4.6 tokens are input. The actual number is *maybe* closer to $136M a month, or $1.6B a year. Tyler Cosgrove goes through the math:

TBPN

254,894 просмотров • 3 месяцев назад

"I think Visa is just coping here when they say that all of us are going to need to transact still peer-to-peer using credit cards" "They're saying that most of your small transactions, let's call it sub $1, are going to be handled by an agent on your behalf. You won't know what they're doing, they'll just be out there doing it" "I'm going to be honest, I think they're going to do some of the bigger transactions too" "We've already actually seen some evidence of this. Visa reports that X402, which was originally created by Coinbase but is now stewarded by the Linux Foundation, has already done 109.6 million transactions from AI agents with $15 million in volume, in roughly a year since they launched at the beginning of the summer of 2025"
0:50

"I think Visa is just coping here when they say that all of us are going to need to transact still peer-to-peer using credit cards" "They're saying that most of your small transactions, let's call it sub $1, are going to be handled by an agent on your behalf. You won't know what they're doing, they'll just be out there doing it" "I'm going to be honest, I think they're going to do some of the bigger transactions too" "We've already actually seen some evidence of this. Visa reports that X402, which was originally created by Coinbase but is now stewarded by the Linux Foundation, has already done 109.6 million transactions from AI agents with $15 million in volume, in roughly a year since they launched at the beginning of the summer of 2025"

The Wolf Of All Streets

20,184 просмотров • 17 дней назад

"I used to be a bitcoiner. The transition to a new store of value only happens once every 3,000 years. That's the main prize -- just focus on that. But [security] is the criteria that ultimately convinced me to flip from Bitcoin to ETH." "I have a higher degree of certainty that Ethereum will be around longer [than Bitcoin]. The reason for that is because Bitcoin relies on proof-of-work, which is less efficient than proof-of-stake and doesn't scale with the value of the network. And as the block subsidy of Bitcoin halves every four years, it is increasingly becoming more and more reliant on transaction fees to fund the security budget paid to miners." "If you look at [Bitcoin's] security budget right now, about 0.6% of revenue to miners is transaction fees... The problem with that is if Bitcoin becomes 'digital gold', flips gold, and becomes a $30 trillion asset, but it only costs $10-20 billion to attack it, that's too asymmetric." "You want the security budget to scale with the market cap, similar to how countries spend a % of their GDP on defense. The more valuable something is, the more you need to spend to protect it." "Ethereum, with the Merge, migrated to proof-of-stake, which is fundamentally more secure because it's less reliant on transaction fees and it scales with the value of the network. If 1/3rd of ETH is staked and then you need 1/3rd of those ETH to censor the network, you're looking at roughly 10% of the total market cap as the cost to attack the network." "So if Ethereum flips Bitcoin and gold and becomes a $30 trillion asset, it'll cost ~$3 trillion to attack the Ethereum network versus Bitcoin at like $10 billion." "The other aspect here is that as AI hyperscalers invest more and more in AI, proof-of-work becomes increasingly vulnerable because the cost to attack the Bitcoin network is starting to look close to the quarterly CapEx these hyperscalers are spending on their data centers." Full interview on Bankless with Vivek Raman discussing the new Etherealize "Productive Money" report below.
2:34

"I used to be a bitcoiner. The transition to a new store of value only happens once every 3,000 years. That's the main prize -- just focus on that. But [security] is the criteria that ultimately convinced me to flip from Bitcoin to ETH." "I have a higher degree of certainty that Ethereum will be around longer [than Bitcoin]. The reason for that is because Bitcoin relies on proof-of-work, which is less efficient than proof-of-stake and doesn't scale with the value of the network. And as the block subsidy of Bitcoin halves every four years, it is increasingly becoming more and more reliant on transaction fees to fund the security budget paid to miners." "If you look at [Bitcoin's] security budget right now, about 0.6% of revenue to miners is transaction fees... The problem with that is if Bitcoin becomes 'digital gold', flips gold, and becomes a $30 trillion asset, but it only costs $10-20 billion to attack it, that's too asymmetric." "You want the security budget to scale with the market cap, similar to how countries spend a % of their GDP on defense. The more valuable something is, the more you need to spend to protect it." "Ethereum, with the Merge, migrated to proof-of-stake, which is fundamentally more secure because it's less reliant on transaction fees and it scales with the value of the network. If 1/3rd of ETH is staked and then you need 1/3rd of those ETH to censor the network, you're looking at roughly 10% of the total market cap as the cost to attack the network." "So if Ethereum flips Bitcoin and gold and becomes a $30 trillion asset, it'll cost ~$3 trillion to attack the Ethereum network versus Bitcoin at like $10 billion." "The other aspect here is that as AI hyperscalers invest more and more in AI, proof-of-work becomes increasingly vulnerable because the cost to attack the Bitcoin network is starting to look close to the quarterly CapEx these hyperscalers are spending on their data centers." Full interview on Bankless with Vivek Raman discussing the new Etherealize "Productive Money" report below.

Michael McGuiness

120,419 просмотров • 3 месяцев назад

How to use DeFillama to spot new trends early. 1. Go to Chains and filter based off highest 1 day or 7 day change. 2. Find the chains that have the biggest changes in TVL. Make sure the chain has a decent baseline for volume. 3. Click on the chain to see what protocol is driving inflows. Shimmer and MultiverseX stand out to me so I want to see what is driving growth. 4. Do more research and see if there are catalysts for the chain. 5. Look at the price of the token compared to recent TVL. Volume often precedes price changes. 6. Go to Fees/Revenue to find revenue info on specific projects. If you find a project with growing revenue but no price movement, that could warrant more research. 7. For new chains, you gain exposure either through holding the native token or looking for farms on app protocols. 8. Remember that the newer something is, the more risk it carries. Make sure the chain and app are legitimate before putting your money in.
0:59

How to use DeFillama to spot new trends early. 1. Go to Chains and filter based off highest 1 day or 7 day change. 2. Find the chains that have the biggest changes in TVL. Make sure the chain has a decent baseline for volume. 3. Click on the chain to see what protocol is driving inflows. Shimmer and MultiverseX stand out to me so I want to see what is driving growth. 4. Do more research and see if there are catalysts for the chain. 5. Look at the price of the token compared to recent TVL. Volume often precedes price changes. 6. Go to Fees/Revenue to find revenue info on specific projects. If you find a project with growing revenue but no price movement, that could warrant more research. 7. For new chains, you gain exposure either through holding the native token or looking for farms on app protocols. 8. Remember that the newer something is, the more risk it carries. Make sure the chain and app are legitimate before putting your money in.

Minty

32,192 просмотров • 2 лет назад

Mufti Saif al-'Asri on the fatwa by some Hanafis that allows interest (riba) based transactions in non-Muslim lands. People are using this opinion to claim that Muslims taking out interest-based mortgages is permissible. Question: Is it permissible to conduct interest (riba) based transactions in Western countries? Mufti Saif al-'Asri: This question is very important, especially if the intention of this Muslim, who lives in a Muslim country, is to introduce them to Islam and its way of life, and to be an exemplary person that people imitate. So, if when he comes to a non-Muslim country, he says: "There's an opinion that the Hanafis have which considers it permissible to conduct otherwise impermissible transactions in non-Muslim lands. So, it's permissible for me to sell pigs to them and it's permissible for me to engage in interest (riba) based transactions with them. Some Hanafis make the condition that he is the one receiving the interest and not giving it, meaning he's the one receiving the benefits (of the interest based transaction) and he's not benefiting the one he's conducting a transaction with, and so forth. This is an opinion, an opinion that exists. We can't wipe away this jurisprudential opinion. And it has its evidence. However, the vast majority of scholars, and it's even an opinion within the Hanafi school itself, are of the view that it is haram for a Muslim to conduct an impermissible transaction with a non-Muslim. It is not permissible for him (a Muslim) to conduct an interest based transaction with him (Non-Muslim), nor is it permissible to sell or buy alcohol from him, nor is it permissible to sell him pork, and so on and so forth. None of that is permissible. And this opinion is the opinion of the vast majority of scholars. It's the opinion that allows you as a Muslim to be proud of your religion in front of others. It allows you to proudly showcase the distinguishing features of Islam and take honor in the religion that you ascribe to. On the other hand, if you're going to take legal dispensations and conduct transactions based on these things, how are you going to be a caller to this religion? Through your character? The way you speak? Your actions? How? How are people going to look at you? If they say: "Islam prohibits pork; however, masha'Allah, this Muslim at the store sells pork." I mean, what will make you different from other people? A Muslim must not conduct impermissible transactions, whether it's interest or other than it in Western countries.
2:46

Mufti Saif al-'Asri on the fatwa by some Hanafis that allows interest (riba) based transactions in non-Muslim lands. People are using this opinion to claim that Muslims taking out interest-based mortgages is permissible. Question: Is it permissible to conduct interest (riba) based transactions in Western countries? Mufti Saif al-'Asri: This question is very important, especially if the intention of this Muslim, who lives in a Muslim country, is to introduce them to Islam and its way of life, and to be an exemplary person that people imitate. So, if when he comes to a non-Muslim country, he says: "There's an opinion that the Hanafis have which considers it permissible to conduct otherwise impermissible transactions in non-Muslim lands. So, it's permissible for me to sell pigs to them and it's permissible for me to engage in interest (riba) based transactions with them. Some Hanafis make the condition that he is the one receiving the interest and not giving it, meaning he's the one receiving the benefits (of the interest based transaction) and he's not benefiting the one he's conducting a transaction with, and so forth. This is an opinion, an opinion that exists. We can't wipe away this jurisprudential opinion. And it has its evidence. However, the vast majority of scholars, and it's even an opinion within the Hanafi school itself, are of the view that it is haram for a Muslim to conduct an impermissible transaction with a non-Muslim. It is not permissible for him (a Muslim) to conduct an interest based transaction with him (Non-Muslim), nor is it permissible to sell or buy alcohol from him, nor is it permissible to sell him pork, and so on and so forth. None of that is permissible. And this opinion is the opinion of the vast majority of scholars. It's the opinion that allows you as a Muslim to be proud of your religion in front of others. It allows you to proudly showcase the distinguishing features of Islam and take honor in the religion that you ascribe to. On the other hand, if you're going to take legal dispensations and conduct transactions based on these things, how are you going to be a caller to this religion? Through your character? The way you speak? Your actions? How? How are people going to look at you? If they say: "Islam prohibits pork; however, masha'Allah, this Muslim at the store sells pork." I mean, what will make you different from other people? A Muslim must not conduct impermissible transactions, whether it's interest or other than it in Western countries.

Akbar Zab

88,566 просмотров • 2 лет назад

"we bring the same principles of the equity world to digital assets" Native assets of public permissionless decentralized networks are commodities, not equities. They exclude Bitcoin while keeping ETH/Solana? Do they not know that PoS and PoW are very similar in the principles they are trying to measure? The index composition makes no sense and imo is the scary truth, that institutions in this space struggle hard to 1) understand it 2) how to value it. Protocol revenue here is literally the friction between users and forced stakeholders like miners and validators. The more revenue a protocol earns the more it took away from users to use a network. It's bizarre how this makes sense for an open protocol, it makes absolutely sense for a business and thus equities. The XRP Ledger says, hey its super cheap to make forward progress if just agree on it, no friction no revenue. We are so ahead in our understanding of this space it's not even remotely funny.
0:29

"we bring the same principles of the equity world to digital assets" Native assets of public permissionless decentralized networks are commodities, not equities. They exclude Bitcoin while keeping ETH/Solana? Do they not know that PoS and PoW are very similar in the principles they are trying to measure? The index composition makes no sense and imo is the scary truth, that institutions in this space struggle hard to 1) understand it 2) how to value it. Protocol revenue here is literally the friction between users and forced stakeholders like miners and validators. The more revenue a protocol earns the more it took away from users to use a network. It's bizarre how this makes sense for an open protocol, it makes absolutely sense for a business and thus equities. The XRP Ledger says, hey its super cheap to make forward progress if just agree on it, no friction no revenue. We are so ahead in our understanding of this space it's not even remotely funny.

Vet

39,456 просмотров • 11 дней назад

I'm in the camp that says there'll be a good outcome. If you go back in history and look at what really is the pain point, it's gasoline prices US domestic above $6. In order to do that, you need to keep oil above 95 for at least three months. So here we are on the 60th day. We have another 30 days left. On the other side, the economics are more painful. $210 million per day of revenue lost to Iran. They need that money to pay their militia. That's how they brutalize their people. You got 150,000 people running a militia of 250,000 thugs. You gotta pay them, and they have a million-man army that kills the other 92 million people. It's a brutal regime. Everybody knows that, but it works with money. And so the more you strangle their cash, the guy that's killing everybody's not getting his paycheck.
1:28

I'm in the camp that says there'll be a good outcome. If you go back in history and look at what really is the pain point, it's gasoline prices US domestic above $6. In order to do that, you need to keep oil above 95 for at least three months. So here we are on the 60th day. We have another 30 days left. On the other side, the economics are more painful. $210 million per day of revenue lost to Iran. They need that money to pay their militia. That's how they brutalize their people. You got 150,000 people running a militia of 250,000 thugs. You gotta pay them, and they have a million-man army that kills the other 92 million people. It's a brutal regime. Everybody knows that, but it works with money. And so the more you strangle their cash, the guy that's killing everybody's not getting his paycheck.

Kevin O'Leary aka Mr. Wonderful

19,348 просмотров • 3 месяцев назад

An interesting thought I had on my morning walk. Filters on their own are not effective to censor all spam from motivated attackers, that's true. But filters do make spam more prone to censorship at the mining pool level. Miners can get away with mining transactions that are used for illegal purposes because they have plausible deniability: they don't know what they are used for, they are "just including what's relayed" by the p2p network. But with many forms of spam, such as OP_RETURN, it is not so. They do not have plausible deniability. MARA is perfectly happy inscribing NFTs and non-standard troll OP_RETURNS via its slipstream service. Since they are legally low risk, it makes sense for them to profit from it. However, if I was to submit something really nasty like torrent links to child pornography (or child porn jpegs) or Mein Kampf (illegal in many countries) MARA could not plausibly deny that it is publishing and distributing illegal content. It’s right there in the OP_RETURN for everyone to see. Consequently they would probably not allow it. If they did, they would get in trouble. And it would be much easier for the content submitters to get caught. If nonstandard node relay software (i.e. libre relay) started being abused by pedophiles, its likely mining pools would just ban these types of higher-risk peers. Of course the pedophiles can always run their own mining pools and get a few transactions every month: bitcoin would remain censorship resistant if you are patient enough. But now, with relaxation of standardness rules and “filters” anybody can easily publish blatantly illegal content as OP_RETURNS and get it relayed to a mining pool in a more censorship-resistant way, cheaper and more effective. Good? Bad? It's possible mining pools are going to have no choice but to develop software that analyzes transaction OP_RETURN to assess what they will publish or not. They may develop content moderation policies, because the illegality of the OP_RETURN content will be blatant and they will have no plausible deniability. I'm honestly pleasantly surprised that miners haven't already done this for obviously "higher risk" transactions like coinjoin. However coinjoin transactions are not illegal per se, and there is very wide international support for financial privacy. Not so for child porn. Once miners start developing software to moderate what transactions go in the blockchain, a Pandora's box is opened: if you can easily filter transactions that have illegal data in the OP_RETURN, why are you allowing whirlpool tx0? Why are you allowing coinjoins? Why are you allowing sanctioned addresses? Ironically, the attempt at making spam transactions less prone to censorship might make economic transactions more prone to censorship. Bitcoin is censorship resistant from a network perspective because anybody can mine anonymously. This censorship resistance is compounded when large centralized mining pools and mining farms have plausible deniability that the transactions they mine aren't blatantly illegal because they are anonymous (“there is no way to know”). The more mining is centralized, the more this component of censorship resistance matters. Non-monetary content puts that aspect at risk. I'm not sure I’m right, but I don't think this idea has been widely discussed. The only thing that can prevent certain txs formats (i.e. the low hanging fruit spam vectors like OP_RETURN) from making it into the chain is consensus rules. Yes I'm aware spammers will always find a way to get spam in eventually. It would be sad to see fork-level consensus to ban OP_RETURN entirely, because there are reasonable harm-reducing use cases for it (e.g. open timestamps). We are nowhere near consensus on restriction spam vectors at a consensus level, not even close. But who knows after 10 years of child porn being distributed via the Bitcoin network nodes and miners both will have had enough. It would be interesting to watch this play out.
1:12

An interesting thought I had on my morning walk. Filters on their own are not effective to censor all spam from motivated attackers, that's true. But filters do make spam more prone to censorship at the mining pool level. Miners can get away with mining transactions that are used for illegal purposes because they have plausible deniability: they don't know what they are used for, they are "just including what's relayed" by the p2p network. But with many forms of spam, such as OP_RETURN, it is not so. They do not have plausible deniability. MARA is perfectly happy inscribing NFTs and non-standard troll OP_RETURNS via its slipstream service. Since they are legally low risk, it makes sense for them to profit from it. However, if I was to submit something really nasty like torrent links to child pornography (or child porn jpegs) or Mein Kampf (illegal in many countries) MARA could not plausibly deny that it is publishing and distributing illegal content. It’s right there in the OP_RETURN for everyone to see. Consequently they would probably not allow it. If they did, they would get in trouble. And it would be much easier for the content submitters to get caught. If nonstandard node relay software (i.e. libre relay) started being abused by pedophiles, its likely mining pools would just ban these types of higher-risk peers. Of course the pedophiles can always run their own mining pools and get a few transactions every month: bitcoin would remain censorship resistant if you are patient enough. But now, with relaxation of standardness rules and “filters” anybody can easily publish blatantly illegal content as OP_RETURNS and get it relayed to a mining pool in a more censorship-resistant way, cheaper and more effective. Good? Bad? It's possible mining pools are going to have no choice but to develop software that analyzes transaction OP_RETURN to assess what they will publish or not. They may develop content moderation policies, because the illegality of the OP_RETURN content will be blatant and they will have no plausible deniability. I'm honestly pleasantly surprised that miners haven't already done this for obviously "higher risk" transactions like coinjoin. However coinjoin transactions are not illegal per se, and there is very wide international support for financial privacy. Not so for child porn. Once miners start developing software to moderate what transactions go in the blockchain, a Pandora's box is opened: if you can easily filter transactions that have illegal data in the OP_RETURN, why are you allowing whirlpool tx0? Why are you allowing coinjoins? Why are you allowing sanctioned addresses? Ironically, the attempt at making spam transactions less prone to censorship might make economic transactions more prone to censorship. Bitcoin is censorship resistant from a network perspective because anybody can mine anonymously. This censorship resistance is compounded when large centralized mining pools and mining farms have plausible deniability that the transactions they mine aren't blatantly illegal because they are anonymous (“there is no way to know”). The more mining is centralized, the more this component of censorship resistance matters. Non-monetary content puts that aspect at risk. I'm not sure I’m right, but I don't think this idea has been widely discussed. The only thing that can prevent certain txs formats (i.e. the low hanging fruit spam vectors like OP_RETURN) from making it into the chain is consensus rules. Yes I'm aware spammers will always find a way to get spam in eventually. It would be sad to see fork-level consensus to ban OP_RETURN entirely, because there are reasonable harm-reducing use cases for it (e.g. open timestamps). We are nowhere near consensus on restriction spam vectors at a consensus level, not even close. But who knows after 10 years of child porn being distributed via the Bitcoin network nodes and miners both will have had enough. It would be interesting to watch this play out.

FRANCIS - BULLBITCOIN.COM

18,041 просмотров • 11 месяцев назад

XLM price hasn't moved despite DTCC partnerships, tokenization growth, and billions in institutional flows. Denelle Dixon addresses it directly and corrects two two things most people get wrong. First: every single transaction on Stellar uses XLM. Every one. More transactions, more utility. That's how XLM becomes a valuable commodity. Second: fees don't go to the foundation. They're burned, one one-hundred-thousandth of a penny per transaction, locked and burned. That creates value accrual for token holders.Utility is the only thing that demonstrates mainstream activity. Seven years of focus. That matters.
1:24

XLM price hasn't moved despite DTCC partnerships, tokenization growth, and billions in institutional flows. Denelle Dixon addresses it directly and corrects two two things most people get wrong. First: every single transaction on Stellar uses XLM. Every one. More transactions, more utility. That's how XLM becomes a valuable commodity. Second: fees don't go to the foundation. They're burned, one one-hundred-thousandth of a penny per transaction, locked and burned. That creates value accrual for token holders.Utility is the only thing that demonstrates mainstream activity. Seven years of focus. That matters.

The Rollup

111,047 просмотров • 2 месяцев назад

🚨 IRAN'S ECONOMY IS HEADED TO DOOM Trump press secretary Karoline Leavitt just said KHARG ISLAND is headed to MAXIMUM oil capacity, which is going to cause severe damage The IRGC's revenue source is going to be choked dry because of Trump's blockade! 🔥 "We are strangling their main source of revenue. They can't pay their own people. They're losing $500 million every single day!" "Kharg Island is completely full of oil because they can't transport it to and from!" "They don't have control over the Strait. This is piracy that we are seeing on display. And the naval blockade that the United States has imposed continues to be incredibly effective." "And to be clear, the blockade is on ships going to and from Iranian ports. And the point of this is the economic leverage that we maintain over Iran now." "While there's a ceasefire with respect to the military and kinetic strikes, Operation Economic Fury continues. And the crux of that is this naval blockade. We are choking their economy." "So the president, the cards are in his hands. The United States maintains control over the situation."
1:13

🚨 IRAN'S ECONOMY IS HEADED TO DOOM Trump press secretary Karoline Leavitt just said KHARG ISLAND is headed to MAXIMUM oil capacity, which is going to cause severe damage The IRGC's revenue source is going to be choked dry because of Trump's blockade! 🔥 "We are strangling their main source of revenue. They can't pay their own people. They're losing $500 million every single day!" "Kharg Island is completely full of oil because they can't transport it to and from!" "They don't have control over the Strait. This is piracy that we are seeing on display. And the naval blockade that the United States has imposed continues to be incredibly effective." "And to be clear, the blockade is on ships going to and from Iranian ports. And the point of this is the economic leverage that we maintain over Iran now." "While there's a ceasefire with respect to the military and kinetic strikes, Operation Economic Fury continues. And the crux of that is this naval blockade. We are choking their economy." "So the president, the cards are in his hands. The United States maintains control over the situation."

Eric Daugherty

109,492 просмотров • 3 месяцев назад

Brad Gerstner: Companies Will Pay 5x More for the Best AI, No Evidence of Pricing Pressure from Open Source Brad Gerstner: “Jason, you talked about summarizing a document, it may take 20,000 cheap tokens to do. Of course, shoot that to a lagging model or an open source model. But if you're talking about replacing a software engineer for two hours, that may take two million expensive tokens, and the consequence of using something that's 95% as good is really high. Because you have a long-running task, and if the task breaks early, or it breaks in the middle, or it breaks at the end, there's a huge cost to that.” @jason: “You still burn the tokens, right? And back to this analogy I was using, you're pulling the slot machine, and you lose.” Brad: “And (you lose) the time and the compute. So if an AI agent is replacing a $200 an hour consultant, right? Take that as an example. So three consulting firms, they're competing. They need the smartest consultant. They're charging $200 an hour. The difference between spending $3 on a cheap model or $15 on an expensive model to replace a $200/hour consultant, it's just irrelevant. That inference cost difference is irrelevant if you're getting something that's bulletproof for $15, and so I think that's what we're seeing play out. The best evidence for all of this is just revenue growth. I'm talking about, what is Anthropic's revenue growth compared to OpenAI, compared to the open source models? Millions of independent actors are choosing every single day. The open source companies are growing, right? But they're growing selling something that is really, really cheap. And there's room in every single market for premium products, for mid-tier products, and for commodity products, and I think we see a lot of this token growth, people are speculating that the intelligence gap between that commodity stuff and the frontier stuff is going to collapse to the point that people won't pay for the frontier stuff. There is no evidence of that on the field today.”
1:50

Brad Gerstner: Companies Will Pay 5x More for the Best AI, No Evidence of Pricing Pressure from Open Source Brad Gerstner: “Jason, you talked about summarizing a document, it may take 20,000 cheap tokens to do. Of course, shoot that to a lagging model or an open source model. But if you're talking about replacing a software engineer for two hours, that may take two million expensive tokens, and the consequence of using something that's 95% as good is really high. Because you have a long-running task, and if the task breaks early, or it breaks in the middle, or it breaks at the end, there's a huge cost to that.” @jason: “You still burn the tokens, right? And back to this analogy I was using, you're pulling the slot machine, and you lose.” Brad: “And (you lose) the time and the compute. So if an AI agent is replacing a $200 an hour consultant, right? Take that as an example. So three consulting firms, they're competing. They need the smartest consultant. They're charging $200 an hour. The difference between spending $3 on a cheap model or $15 on an expensive model to replace a $200/hour consultant, it's just irrelevant. That inference cost difference is irrelevant if you're getting something that's bulletproof for $15, and so I think that's what we're seeing play out. The best evidence for all of this is just revenue growth. I'm talking about, what is Anthropic's revenue growth compared to OpenAI, compared to the open source models? Millions of independent actors are choosing every single day. The open source companies are growing, right? But they're growing selling something that is really, really cheap. And there's room in every single market for premium products, for mid-tier products, and for commodity products, and I think we see a lot of this token growth, people are speculating that the intelligence gap between that commodity stuff and the frontier stuff is going to collapse to the point that people won't pay for the frontier stuff. There is no evidence of that on the field today.”

The All-In Podcast

52,289 просмотров • 22 дней назад

I Actually Want the Crypto Market to Crash, Here’s Why Everyone is praying for crypto to pump. I'm hoping for the exact opposite, and here's why. People are waiting for the CLARITY Act to pass and the Fed to cut rates so crypto explodes. I want it delayed. Keep the market down a little longer. Here's why that sounds crazy but isn't. When the market is down is exactly when you get to accumulate at cheap prices. You don't walk into a store hoping the price is high. If you want a quality product, you want it cheap. Assets are no different. But in investing people flip it. They want their bags expensive while they're still trying to buy more. That's trading with your emotions, way too attached to your portfolio. If you truly believed in your investments, you'd want what I want: more money into cheaper assets. That's how this actually works, not the other way around. Flip your perspective and you make money. Stay emotional, blame everyone else, and you stay exactly where you are. Follow for more.
1:45

I Actually Want the Crypto Market to Crash, Here’s Why Everyone is praying for crypto to pump. I'm hoping for the exact opposite, and here's why. People are waiting for the CLARITY Act to pass and the Fed to cut rates so crypto explodes. I want it delayed. Keep the market down a little longer. Here's why that sounds crazy but isn't. When the market is down is exactly when you get to accumulate at cheap prices. You don't walk into a store hoping the price is high. If you want a quality product, you want it cheap. Assets are no different. But in investing people flip it. They want their bags expensive while they're still trying to buy more. That's trading with your emotions, way too attached to your portfolio. If you truly believed in your investments, you'd want what I want: more money into cheaper assets. That's how this actually works, not the other way around. Flip your perspective and you make money. Stay emotional, blame everyone else, and you stay exactly where you are. Follow for more.

Alexander Lorenzo

13,602 просмотров • 1 месяц назад

AOC: The math is not adding up. Their claim is that one million undocumented people are on Medicaid. So why are they trying to cut 13.7 million Americans off their healthcare? This bill bans the people they kick off Medicaid from even buying their own insurance from the ACA exchange. Once you’re kicked off Medicaid, you can’t even buy your own health insurance. It increases costs for people they do deem eligible and forces them to pay even more. And if you have a private insurer—don’t worry, you’re getting screwed over too.
1:32

AOC: The math is not adding up. Their claim is that one million undocumented people are on Medicaid. So why are they trying to cut 13.7 million Americans off their healthcare? This bill bans the people they kick off Medicaid from even buying their own insurance from the ACA exchange. Once you’re kicked off Medicaid, you can’t even buy your own health insurance. It increases costs for people they do deem eligible and forces them to pay even more. And if you have a private insurer—don’t worry, you’re getting screwed over too.

Acyn

1,922,319 просмотров • 1 год назад

Jeremy has a unique lens on how to underwrite new investment managers. He looks at whether the manager is looking up or looking down at the size of their own fund: "People overweight the investing thesis and track record and underweight the facts about the person. The personal financial situation of a manager is an incredibly underrated thing to ask about. Someone who has a million dollars in the bank, raising $100M to do a thing that they're trying to make the most money from -- that's a very different place to start from. Take two $50 million funds. One is from someone who has 500 grand in the bank and one is from someone who has $500 million in the bank. For the $500 million person, the $50 million fund might very well do better because it's held with a looser grip. You're gonna be less paralyzed by the sheer quantities of dollars. That is generally not recognized, and you see it all the time in new ventures. If you are helming something that is two or three zeros more than you have, there's just a monumental to it that is a bit intimidating...versus when you're taking bets that are negligible to you."
1:40

Jeremy has a unique lens on how to underwrite new investment managers. He looks at whether the manager is looking up or looking down at the size of their own fund: "People overweight the investing thesis and track record and underweight the facts about the person. The personal financial situation of a manager is an incredibly underrated thing to ask about. Someone who has a million dollars in the bank, raising $100M to do a thing that they're trying to make the most money from -- that's a very different place to start from. Take two $50 million funds. One is from someone who has 500 grand in the bank and one is from someone who has $500 million in the bank. For the $500 million person, the $50 million fund might very well do better because it's held with a looser grip. You're gonna be less paralyzed by the sheer quantities of dollars. That is generally not recognized, and you see it all the time in new ventures. If you are helming something that is two or three zeros more than you have, there's just a monumental to it that is a bit intimidating...versus when you're taking bets that are negligible to you."

Patrick OShaughnessy

80,785 просмотров • 19 дней назад

"People claim that users don't ultimately care about privacy. That may be true when it comes to some of the more incidental data about their lives. But I don't believe it is true when it comes to finance." on why crypto needs privacy to become mainstream: "In order for crypto to actually become mainstream and to be used for real applications, it's going to have to have privacy. People will care that their salary is not visible to everyone. They will care that the transactions they make online are not visible to everyone."
0:58

"People claim that users don't ultimately care about privacy. That may be true when it comes to some of the more incidental data about their lives. But I don't believe it is true when it comes to finance." on why crypto needs privacy to become mainstream: "In order for crypto to actually become mainstream and to be used for real applications, it's going to have to have privacy. People will care that their salary is not visible to everyone. They will care that the transactions they make online are not visible to everyone."

a16z crypto

13,321 просмотров • 3 месяцев назад