venture artist
@0xBalloonLover
Followers
11K
Following
3K
Media
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Statuses
5K
if you see me in your company slack you need to find a new job
Joined May 2022
rebranding "crippling gambling addiction" to "in the trenches" was crazy work.
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bankless will continue to receive and dump their advisor and insider allocations until smart, credible people stop going on the show. but the smart people keep paying to go on bankless because they know the exit liquidity is listening. gravy train rolls on.
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collectively:. 4 founders.$500m raised.200k twitter followers.250 employees.100000 promised tps. 0 live product.
which crypto founder is the best at ‘founder mode’. needs to be going direct, driving narrative, building excitement and setting vision. bonus points if they are really in the trenches on Twitter - reply guy, FUD fighter . the winner will win a prize (jk).
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people used to come out as gay now they come out as eigenlayer advisors.
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BINANCE has good liquidity.COINBASE has 35 congressmen.KRAKEN has customer service.DRIFT.HYPERLIQUID has no kyc.
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Every cycle a new CEX has risen to enter the top tier, and this cycle, that exchange appears to be @Backpack.
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we'll see who's laughing after trump launches his op stack native rollup.
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coinbase spent 50 million dollars on the election but trump still launched his shitcoin on solana.
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I've moved my $AICC tokens to a more secure wallet. They are now at held at a raydium liquidity pool.
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move airdrop is identical to hyperliquid airdrop except team, vcs, and paid shills are going to unload on your face, there is no product, and also the team isn't gonna twap in $50m cash.
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if your perps exchange makes $1m in revenue on $35m of liquidations, you need to find a new perps exchange.
Yesterday was the highest liquidation volume day *ever* for Drift . Drift's liquidation engine gracefully handled $35m in liqs w/ <$1k in bankruptcies . Captured $1m in revenue while preventing aggressive leverage flush. The most resilient systems are constantly tested over time
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fun fact: sei's founders have already cashed out more than the total tvl on the chain
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I think there's a big opportunity for a onchain builder + streamer archetype to emerge this year. ship cool things 10x faster w/AI + onchain, do it live on stream, show the world what's possible, go viral. who's going to define the category?.
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never ask a man his salary. a woman her age. or the solana foundation how much incentives they are paying to get people to mint PYUSD.
PayPal's PYUSD stablecoin recently surpassed a $1 billion market cap!. It has increased by 271% since its launch on Solana, with Solana PYUSD accounting for 88% of that growth. Why did PayPal choose to build on Solana and what’s driving PYUSD adoption? 🧵
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there are about 8 teams in crypto working toward something besides a binance listing.
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the best way to understand crypto is that it is an industry fundamentally driven by B tier talent. explains the lack of rigor, the groupthink around conspiracies, the inability to capture mindshare from anyone worthwhile, and the cult like worship of anyone who is somewhat clever.
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both eigenlayer and celestia have no users doing anything besides farming incentives
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the evm is fundamentally insecure. instead you should deploy on a hackvc L2 run by a 21 year old junior engineer.
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guy whose blockchain makes $40/day in fees says solana is done for sure this time.
Spolier alert: Solana's economics will go off a cliff when its profitable apps migrate to their own chains or adopt application specific sequencing. The era of L1s profiting from priority fees has an expiration date.
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binance is no longer charging listing fees you just have to let the listing team run a train on your girl
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$10m+ incentives paid.$200m team token dumped.$300m team token just unlocked. $1m fees generated. master class.
Today is Celestia Mainnet's one year anniversary!. We've come a long way since launch. With 20+ rollups deployed, and 10x codebase performance improvements, Celestia looks very different today. Thanks to everyone for your support and engagement, it couldn't have been done without.
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So, why is $MOVE launching before Movement Public Mainnet?. Because we can't ship this sidechain but we want to dump on Korean retail before the narrative dries up.
So, why is $MOVE launching before Movement Public Mainnet?. In order to properly initiate postconfirmations. Postconfirmations are the mechanism that allows Movement to achieve finality in as fast as one second (or less). 9/.
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we are building the coordination layer for all agents everywhere. also we haven't yet cracked the code on token vesting contracts.
Community Update. We are investigating unapproved selling activity associated with this wallet: (. We will share our findings with the community as soon as possible.
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my favorite commodities
I’m just not convinced you can say “solana is the same thing as a bucket of wheat” and pretend that’s a comprehensive regulatory framework.
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4 fundraises.20+ employees.200k airdrop farming wallets. 0 value created.
4 fundraises, 20+ new employees, and 200,000 users later, mainnet phase I is finally here.
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never in the history of crypto has it been profitable to voluntarily lock your tokens to get more tokens in the future.
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when polymarket shows trump ahead: prediction markets reflect the omniscience of crowds. witness the best forecasting system known to man. when polymarket shows harris ahead: these markets are clearly being manipulated. who are the dems paying off to pump polymarket numbers.
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Do the right thing — even when it's hard.
Do the right thing — even when it's hard.
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lack of pmf will never be fixed by switching to another blockchain.
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(note: 0 pushback on substance). i'm tired of teams that have delivered zero value extracting from retail liquidity. i'm tired of vaporware infra forks that no app developer ever asked for. i'm tired of this behavior getting normalized by teams, investors, and the social layer.
@0xBalloonLover don’t you get tired of hating lol. smh.
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escrow is the one example everyone uses for "what are smart contracts secured by the blockchain useful for anyway" but the most crypto-native people use cobie.
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eigenlayer is selling you its 11b tvl as shared security but can't even secure their own twitter account.
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most of these funds are just two bros who've been balls long since 2018 and eventually added "ventures" to the entity name.
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talked to a bunch of crypto founders this week who have raised 8-9 figs, delivered nothing of use to the market, and have assumed for years they have a god-given right to dump unholy amounts of token on retail. sentiment is low.
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all the vc groupchats are sneering at vape-to-earn. yes it's retarded but buddy you invested in 20 equally retarded vaporware infra projects with sybil-testnet-to-earn.
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not muting this chatgpt buzzword slop from your timeline is as unsanitary as not washing your hands after you wipe your ass. 2024 equivalent of delegating your thinking to a management consultant.
.@rushimanche explains how shared sequencing and multi-token staking can improve multi-rollup, multi-chain interoperability, enhancing state finality guarantees and streamlining cross-chain operations.
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ethereum if vitalik, paradigm, and a16z picked arbitrum instead of optimism
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They call it cosmos because the blocks are 99.99% empty.
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imagine working at eigenlayer but they never asked for your address.
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every eigenlayer private investor writing threads on how revolutionary the token is (and why you should buy it). every eigenlayer user complaining. lesson in there.
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remember when half of base twitter shilled this gem?. hope you didn't copy trade this one
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how much has celestia paid in grants?.how much has celestia made in fees?. and how much have celestia employees and investors made from selling the token?.
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one guy said one half-intelligent thing in a vc groupchat and now everyone is racing to churn out the same four thousand word thinkpiece.
Gonna write up a piece on why everyone's pet theories about high FDV / low float launches are wrong. Will publish tomorrow once I put my thoughts together.
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there are 100 people in every field who actually know what is going on. the fastest way to level up is to find one and become their apprentice or partner.
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the eigenlayer stuff isn't even beyond the norm. crypto is so morally bankrupt that conflicts of interest, insider dealing, and bribery are just how business is done. a small circle benefits from the systematic fleecing of retail and if you say anything you lose access.
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In the more knowledgeable circles it is openly understood that everyone would rather hold my bags over your bags.
In the more knowledgeable circles it is openly understood that everyone would rather hold ETH over BTC but is just trying to get cute timing ETHBTC. Lesson in there….
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if you are a "researcher" who only writes about things you have private/discounted/free bags in. you aren't a researcher you're a paid shill.
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never ask a man his salary. a woman her age. or a failing infra layer where their tvl comes from.
Sei now has $2⃣0️⃣0️⃣,0️⃣0️⃣0️⃣,0️⃣0️⃣0️⃣ Total Value Locked. Up from $5M in January 2024. The momentum is real. The community is locked in. Things are just getting started. Sei less, do more.
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announcing an L2 today is like announcing a cosmos chain 18 months ago.
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movement has great marketing and zero tech.scroll has great tech and zero marketing. the perfect merger.
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crypto investing in 2024 is choosing which high school science project to buy at a multi billion dollar valuation.
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tier 4 vcs sleeping with tier 3 founders for deal flow.
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Vitalik has terrible judgement in people. He needs a Raj around him. A guy who can detect and keep away all the other parasites, because he wants to be the only parasite on the founder.
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they hired the guy who systematically farmed his portco airdrops as chief strategy officer. what exactly did you think his strategy was going to be?.
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sei, injective, and celestia prove you don't even need to build anything; just loudly claim that you did.
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Nick White was at dinner when he received a message from a concerned employee. "Nick," the message read, "TIA is down while the market is flat. Is this a sign of weakness?". "No," White replied. "It is a sign of me selling." White followed the declaration with an emoji.
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just solved a top three open problem in mathematics. first guy i'm gonna show it to is joe mccann maybe we can drop a token or something.
Met a credible guy that showed me a proof for solving P ≠ NP. @aeyakovenko I need your input, ser.
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Bera events are such rugs. They put the baddies outside and they even pretend to walk in while you’re walking in, get in the elevator. Then boom, all dudes.
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i'm a big fan of megaeth but we should be very serious about the fact that it literally does not exist in any form whatsoever.
I’m a big fan of firedancer but we should be very serious about the constraints around consensus. simply put, it’s dubious to assume an L1 will ever be as performant as megaeth, especially once/if we scale hardware further.
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all of the alignment glazers got completely outplayed by kyle. enjoy four years of solana, drift, and helium, backed by the full force of the american government.
Trump Names David Sacks As White House AI, Crypto Czar
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most cuck coded product categories. - “fixing mev”.- anything that is more decentralized but less capital efficient .- cosmos.- euro stablecoins.- shared sequencing.- monetizing devtools.- univ4 hooks for lvr.- risk management.- based L2s.- intents based bridges.- payments.
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very easy to tell which teams think the finish line is the token launch.
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an incredible personal journey of crushing retail by propping up and directly participating in the largest frauds since madoff.
Today marks the end of an incredible personal journey for me. It’s my last day at Jump, a moment I’m receiving with both a heavy heart and great excitement about the road ahead. I’m leaving with a set of awesome relationships and unique, invaluable and shaping experiences. It’s.
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all of us would take an 8-figure advisory bag if offered. that's not the issue. the part that rubs people the wrong way is the constant holier-than-thou posturing about credible neutrality and ethereum alignment.
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happy 4th of july. don't forget about the guys who shilled you modular money while insta-dumping their staking rewards
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dydx founder “transitioning out of the ceo role” before the product has made any dent in the global crypto derivatives market and just as their largest competitor gets some momentum. this is the fate of every ambitious project as the tokens vest.
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polychain is a factory that takes competent young people and turns them into token scammers.
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always tough to see high-potential teenagers get mixed up with the wrong crowds.
move. mega. bera.
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solana is useful as a mirror to expose the dishonesty of the ethereum narrative machine. 1) solana is for the poor but cheap L2s are the future.
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crypto investors and lawyers will happily let you run a ponzi scheme, defraud retail traders, evade taxes, or operate an unregistered money transmitting business. where they draw the line is token vesting contracts.
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martin shkreli saw the sec crypto enforcement guy stepped down and didn't waste a second going to commit securities fraud.
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guy who couldn't get any vc to bite at a multi-billion-dollar valuation:.
"community-first" and multi-billion-dollar private round valuations rarely go hand in hand.
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excited to focus on projects at the earliest stages: $800m, $1b, $3b.
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weird how so many people in crypto think ai needs crypto, but not a single person in ai agrees.
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founder mode (shilling shitcoins with no regard for user welfare).
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sad but not unexpected to see the coinbase exec team directly signal-boosting an obvious scam.
👀.
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the last 40 chains to promise 100k TPS were all straight up lying. but this time is different.
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we'd love to send revenue to tokenholders (who we are dumping on) if it weren't for that terrible gensler guy, really a shame we have to keep it in the labs entity
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Something that literally no developer has come to us and said is, "You know why users aren't using my product? It's because there isn't enough economic security backing the consensus behind my protocol.".
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doesn't the drift team update the drift contracts every couple weeks with no audit?. why should users accept inferior UX and liquidity if the risk profile (team multisig goes rogue) is the same?.
Some appchain "perp DEXes" may have smooth UX, but are just CEXes with extra steps. Drift could have done what's easy and built a closed-source appchain exchange — but I didn't grind day and night everyday for the last 3 years on Solana DeFi to build a CEX clone . That is.
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i just tipped a bushwick stripper with usdc on base. the future is here. weird that her address has a bunch of transfers from jesse.base.eth though, they must be good friends.
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Being a cofounder of a protocol doesn’t give you infinite rizz for you to ask me to invite you into my room for “coffee” at 3:30am.
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the problem with pivoting to build for the current narrative is you'll always be late to a crowded, dying market. crypto narratives move fast. see: nfts in 2022, l2s in 2024. don't start on prediction markets, memecoin launchpads, or hyperliquid clones today. build the next thing.
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my company failed because i didn't go to enough crypto conferences.
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brain damage.
I'm betting heavy on HL indirectly through MegaETH. Everyone is cheering:.- Chain performance throughout usage.- UX offered by that performance. Both of those come from mindful counter-trend choices to chain design. Turns out the ecosystem may have over-indexed on the.
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they literally told you L2s were inheriting security from Ethereum. when do you inherit something from someone? after they die.
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the entirety of hyperliquid is backed by 2.3b of usdc. that is the backing behind hype (8b mcap), collateral for 4b of OI, 450m usdc in HLP, some unused usdc, and 9 figs of other spot mcap. 3,3.
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mom, the blockchains that don't exist are subtweeting each other again.
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MegaETH combines the best of East Asia. Pushy BD, high levels of inscrutable math, zero moral grounding, incessant lying to the baizuo.
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229 days since token launched and still no mainnet. if anybody deserves to get debanked it's this guy.
This week Marc Andreessen revealed that many founders have been threatened by the banking system. I am one of these founders — due to fear of retribution I have never released this publicly. So what does it actually look like when it happens to you? The first experience that I
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you can tell who passes around all their tweets in slack obliging the whole team to like them because every single tweet has the same number of retweets, the same number of likes, and the same meatriding comments from the same employees.
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the eclipse founder is known, among other things, for proudly saying the goal of eclipse is to pump and dump the token so they can do something else with their lives.
Too many people are in crypto today who do not like / use / need crypto products . They just want to make a quick buck . Do not hire / tolerate these people.
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ceo shits on memecoins while company account celebrates them.
It's official: more v2 pools are being created on L2s than on Ethereum 🤯. Looking very blue 🔵
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you know the fund is down bad when the managing partner is shilling vape-to-earn on main.
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