drew

[threadguy @notthreadguy]

my full conversation today with @cobie

01:04 offering to work at Coinbase for free
06:05 the K-shape crypto thesis
10:33 thoughts on Saylor
14:39 why UpOnly hasn't come back
22:37 the last 10 years of Crypto
44:52 trillion dollar IPOs
57:02 Cobie's legendary buy wall
1:02:57 top 5 Crypto traders of all time
1:21:20 reasons to be optimistic on Crypto

[Balaji @balajis]

I have never been more bullish on crypto.

Because the rules-based order is collapsing and the code-based order is rising. So the short term price doesn’t matter.

As international law breaks down, we will need not just onchain currencies, but onchain companies. As the post-war order breaks down, we’ll similarly need the post-internet order. States will fail, and the network will take their place.

We need internet capitalism, we need internet democracy, and we need internet privacy. So we need cryptocurrency.

[Chainlink @chainlink]

We are excited to announce a major industry milestone in a global corporate actions initiative led by Chainlink in collaboration with 24 of the world’s largest financial organizations, including Swift (@swiftcommunity), DTCC (@The_DTCC), and Euroclear (@EuroclearGroup).

https://t.co/77PiHx6Eyl

Corporate actions are a critical building block for public equity to operate successfully onchain. Building on the foundation established in the first phase of our industry initiative, we now have successfully demonstrated how the Chainlink platform, blockchains, and AI help solve one of finance’s most complex data challenges in a production-grade solution with unparalleled data accuracy, ISO 20022 messaging functionality via Swift, connectivity across DTCC AppChain as well as additional public and private blockchains, and much more.

🧵⬇️

[Cointelegraph @Cointelegraph]

🇺🇸 JUST IN: Chainlink partners with the US Dept. of Commerce to bring official macroeconomic data onchain.

[drew @0xdrewbert]

@BioProtocol Just use @goldskyio

[Quinten @QuintenFrancois]

$LINK holders after being ignored by everyone for years

[drew @0xdrewbert]

https://t.co/OR8d7CImZy

[drew @0xdrewbert]

@reserveprotocol @base 🥹

[drew @0xdrewbert]

@ChrisBarrett Gm

[Cobie @cobie]

#NewProfilePic

[Balaji @balajis]

There are now two kinds of AI retards.

The first kind of retard uses AI everywhere, even where it shouldn’t be used.

The second kind of retard sees AI everywhere, even where it isn’t used.

[Chainlink @chainlink]

We're excited to announce the launch of the Chainlink Reserve, a new upgrade centered on the creation of a strategic onchain reserve of LINK tokens.

https://t.co/Fgib8zR9uj

The Chainlink Reserve is designed to support the long-term growth and sustainability of the Chainlink Network by accumulating LINK tokens using offchain revenue from large enterprises that are adopting the Chainlink standard and from onchain service usage.

The Chainlink Reserve is being built up by using Payment Abstraction to convert offchain and onchain revenue into LINK, using a combination of Chainlink services and decentralized exchange infrastructure.

Demand for Chainlink has already created hundreds of millions of dollars in revenue, substantially from large enterprises that have paid offchain for access to the Chainlink Platform.

With increasing demand from a number of the world’s largest banking and capital markets institutions, this form of paying for the Chainlink standard is expected to grow into the future as the industry grows.

The Reserve has already accumulated over $1M worth of LINK from this early stage launch phase, which is expected to gradually grow in the coming months as more revenue is converted into LINK and placed into the Reserve.

We do not expect any withdrawals from the Reserve for multiple years and thus it is expected to grow over time. We believe that as the industry demand for Chainlink’s unique capabilities increases, that adoption of Chainlink services will enable the Reserve to grow further.

🧵👇

[drew @0xdrewbert]

@princepozo Yeah makes sense

[Balaji @balajis]

All property becomes cryptography.
Let me explain why.

(1) First, right now, trillions of dollars worth of digital gold is secured onchain. Bitcoin is now valued everywhere there is an internet connection. And no matter what political faction you're in, everyone agrees on the raw fact of who owns what amount of BTC.

(2) Next, right now, the full legalization of stablecoins means that every other asset goes onchain. Because if there is a legal status for onchain currency, of course there's a legal path for onchain stocks, onchain bonds, and every other type of financial asset.

(3) So, that's a lot right there. But there's actually a next step. As you can see from the video below, this door can also be secured with an onchain smart lock. That means the door to your house can be secured by crypto. So can the door to your car.

(4) Indeed, any door can be secured in this way. The door to a plane, to a train, to a boat, to a building. Any door can be secured onchain.

(5) But this is really more than the keys to your car door. It's really the keys to your car itself. The digital signature starts the engine. And that means any piece of capital equipment, from cranes to drones can be similarly secured.

(6) That includes the humanoid robots, the sidewalk robots, the self-driving cars, and just about anything that's controlled electronically. Which is almost everything.

(7) There are exceptions. The food on your plate, the shirt on your back, those can't and won't be secured onchain. But that's actually a negligible fraction of value in the world.

(8) For everything else, for 99%+ of what's valuable, for every financial asset and every capital asset, we will secure it onchain.

(9) And the reason we'll have to do that is that the blockchain is the only truly secure backend. The Pentagon gets repeatedly hacked, as do many web2 services, but scaled public blockchains do not.

(10) So: even the control plane for the drones goes onchain. The blockchain is the basis by which we can build a code-based order on the Internet, a new kind of global economic union that allows anyone with an internet connection to access world-class monetary policy and contractual equality.

All property becomes cryptography.

[drew @0xdrewbert]

@gregisenberg Build it on @worldnetwork

[John @CryptoGodJohn]

Vitalik szn $ETH

[David Hsiao @dxvid]

ETH is moving like it’s been disrespected

[Chainlink @chainlink]

We are excited to announce that Westpac Institutional Bank (@Westpac) and Imperium Markets are implementing Chainlink in Project Acacia, a new joint initiative between the Reserve Bank of Australia and Digital Finance CRC (DFCRC).

https://t.co/T1ivwmxFFN

The Chainlink Runtime Environment (CRE) is orchestrating secure, seamless, and compliant Delivery vs. Payment (DvP) settlement of tokenized assets across blockchain markets and the existing PayTo Australia domestic payments system. This capability is key to accelerating the adoption of digital assets and bringing institutional capital onchain.

The Australian central bank has estimated that tokenization can save asset issuers in Australian markets up to AUD $12+ billion annually, while Westpac highlighted that the project is a key step to understanding how digital money can support “innovations in wholesale markets by providing risk-free settlement assets, backed by a resilient architecture and an appropriate regulatory environment.”

By connecting offchain payment capabilities and tokenized assets for secure DvP settlement, Westpac, Chainlink, and Imperium Markets are unlocking innovative use cases and scaling the institutional adoption of tokenized assets.

[drew @0xdrewbert]

@bryan_johnson No cold plunging?