You bought a Lambo this year.
I spent a Lambo on Ethereum network fees this year.
We are not the same.
Stablecoin Sean
11.5K posts
Stablecoin Sean
@seanlippel
- DeFi. Where we are today, and where do we go from here. A long flight back from ETHDenver to synthesize some thoughts, so its time for a 🧵 (1/35) ....
- I just published "Decentralized Finance Is a Continuum." The financial services sector is at the dawn of a new era of network-based finance — an era characterized by transparent, trustless, secure, and programmable financial products.
- Few understand how hard it is to actually survive many years in crypto. “You could’ve just DCA’d BTC and chilled” completely discounts how many ways you could still end up zero’d out in this crazy industry. Even if you only DCA'd Bitcoin over time… - You kept it on Mt. Gox,what cobie said today hit hard. “nearly everyone else I know from 2013 lost everything, or sold in 2017 and never came back.” i’m from the class of 2016 and its the same story. we were a small group chasing this thing. school friends, work colleagues… one by one, they left.
- Long BTC. Short SPX. Hands down the best pair trade until the middle of 2020. 💯
- I was gonna hit this on the next @blockworks pod w/ @JasonYanowitz, but it’s actually pretty simple: - This is an institutional cycle, not a retail one - Real retail never came back in full force as rates are still high + inflation crushed disposable income - The retailSerious question no one is asking Crypto bros got everything they wanted in last 1 year - Crypto friendly president - Strategic Bitcoin reserve - SEC being softer towards crypto projects - Fire of Gary Gensler - Rate cuts - End of QT - ETFs continously buying - More crypto
- Sadly, true. A group of investors + operators + DC influencers looked at me like I was crazy at a recent industry dinner when I said I supported A16z's 5+ year vesting on tokens as part of new market structure legislation. Or you can not, and continue to get the hot ball of $
- There is no “the next Ethereum.”
- We are in the midst of crypto conference season here in the U.S. So expect the normal "the institutions are coming" or "what do we need for institutional adoption" panels to permeate them all. The fundamental problem is that too much gets wrapped up in the term "institutional"
- I've been thinking a lot about why DATs trigger CT so much. It even did me as well at first, but now we are some of the most prolific participants out of our funds in these. So why so much hate for DATs? 1. CT doesn't have access to them - too small dollars and they are
- Imagine if all these people worked for you: Vitalik Buterin Justin Drake Stani Kulechov Rune Christensen Andre Cronje Joe Lubin Tim Beiko Hart Lambur Hayden Adams Fernando Martinelli Well, if you own Ethereum, they already do… That’s the power of aligned incentives.
- Most of you paper hands need this wallet compromise news to keep you from once again wrongly selling your bags here tbh 😂
- Would love to understand some of these oracle prices from @HyperliquidX @chameleon_jeff.... Plus, I got liquidated with more shorts than longs on my account - they somehow started deleveraging the shorts right away at normal prices, let the longs rid to then liquidate at near
- As a VC, we get a far amount of stalker activity. Random calls from unknown #'s, cold walk-ins at the office, etc... Was complaining about it to a good looking female friend of mine. She said that's cool. You just got a tiny sliver of what it's like to be a girl in NYC...
