PK (99.9,0.1) 🦇🔊

You asked for my alt. Here it is.

[PK (99.9,0.1) 🦇🔊 @3PointAsset]

Low tweet rate. High hit rate.

[PK (99.9,0.1) 🦇🔊 @3PointAsset]

Recently moved to 100% USD allocation at a centralized bank (near perfect timing on local top) yet I still feel the pain of the drawdown.

What kind of mental illness is this?

[PK (99.9,0.1) 🦇🔊 @3PointAsset]

@sassal0x You had your chance and you blew it (yes this is real)

[PK (99.9,0.1) 🦇🔊 @3PointAsset]

@EricBalchunas Not everything is about you, the user.

There are significant operational efficiencies in moving everything to one ledger. Also allows for better tooling in managing credit risk.

[PK (99.9,0.1) 🦇🔊 @3PointAsset]

Seed $20 into fresh wallet on mainnet

Have users perform a tx on each of the top 5 L2s (define the tx to top apps; Uni, Polymarkets, etc

Revert all tx & send all funds back to mainnet

Time it, calculate fees (gas,bridge,etc)

Lowest cost and time is your new benchmark

Repeat every 6 months

[PK (99.9,0.1) 🦇🔊 @3PointAsset]

@jon_charb This guy said it best imo

https://t.co/lfIypTOYqY

[Jon Charbonneau 🇺🇸 @jon_charb]

Plausible sequence:
- SOL flips ETH
- We all realize nobody is special, it’s just tech
- SOL gets flipped
- Race to 0 of L1s which provide increasing value to the world but whose tokens capture decreasing relative value
- BTC is king

[PK (99.9,0.1) 🦇🔊 @3PointAsset]

@fejau_inc @blockchain_brah I ain’t reading all that. Which button?

/s

[PK (99.9,0.1) 🦇🔊 @3PointAsset]

Recently moved to 100% USD allocation at a centralized bank (near perfect timing on local top) yet I still feel the pain of the drawdown.

What kind of mental illness is this?

[PK (99.9,0.1) 🦇🔊 @3PointAsset]

@mteamisloading @mert No, it’s excluded in later parts of the report.

Which helps, but I was mostly making a joke. Whichever way you cut it, trend is favorable to Solana here. Will be interesting to see how sticky it is through the cycle

[PK (99.9,0.1) 🦇🔊 @3PointAsset]

@mteamisloading @mert Got you.

*I am worried about this statistic.

I would be a lot more worried if I didn't actually read the chart and realize that Ethereum + L2s + L3s + side chains is [probably] still #1.*

[PK (99.9,0.1) 🦇🔊 @3PointAsset]

@econoar Also Tradfi does not care about ‘money’. What they need help with is implementation, legal, regulatory. Contracts with firms that can speed this process up for Ethereum could help. Currently most contracts are w/ alt-L1, with a sprinkle of L2. EF not at the table from what I see

[PK (99.9,0.1) 🦇🔊 @3PointAsset]

@econoar 3. Is better done by certain firms if you can find the right one tbh. These istos don’t want you (or the like) at the table. I’ve seen some very large grants (foundations to firms) that have resulted in meaningful Tradfi adoption. Happy to make connects, but money talks

[PK (99.9,0.1) 🦇🔊 @3PointAsset]

I get you’re point, but I’m not convinced it matters all that much

I have a more fluid sense of the meme of moneyness than most though. I don’t think something needs to be the main unit of account for every individual

If ultimately each tx expense is paid in ETH, it is a defacto money. It will be institutionally tracked, maintain value, and have highly liquid markets. In that world it also makes a lot of sense for companies to maintain ETH reserves or have hedge strategies in place

Ubiquitous awareness helps with shorter term trades, but isn’t a factor in a longer term horizon imo

I buy all my goods with USD, from companies that report in usd. I (but more importantly the companies) I buy from are hyper aware of the local currencies that they produce their goods in. Go open a 10-k and you’ll see pages of disclosures on fx translation, hedge strategies, etc.

Main point being, I try not to look at it in a vacuum, it’s still net demand.

[PK (99.9,0.1) 🦇🔊 @3PointAsset]

@whosknave @smyyguy Sounds like a sir who doesn’t understand gas. This, on net, is likely net ETH buy pressure

[PK (99.9,0.1) 🦇🔊 @3PointAsset]

@andyyy We will be closely monitoring polls. Cheating will be punished with the full force of the law!!

[PK (99.9,0.1) 🦇🔊 @3PointAsset]

Wow. Overwhelming consensus.

Seems like a mandate is in order.

Never fight a mandate. Lean in, add value, contribute to the vision. Win.

[Andy @andyyy]

Should Ethereum endorse the AggLayer as a shared bridge and ERC-7683 as a core stabdard to help align the interop community?

[PK (99.9,0.1) 🦇🔊 @3PointAsset]

Bernstein: Buy everything [digital assets] that you can! Our Digital Asset bucket:

50%: BTC/ETH
50%: Alt-L1, ETH L2, ETH L2, ETH L2, ETH Defi, ETH Defi, ETH Defi, Gen-infra, ETH gaming

CT: “ETH is ded”

[PK (99.9,0.1) 🦇🔊 @3PointAsset]

@cobie @goodalexander How many BTC you offer for me to manually accept each one for you

[PK (99.9,0.1) 🦇🔊 @3PointAsset]

@smyyguy Strategic, 30bp spread is not cost driven. (Don’t know facts though)

50bps on a MMF is pretty brutal though. This will need to come down for any sort of real adoption. Reg environment and novelty of risk/legal the driver here. Still early days but a good sign nonetheless

[PK (99.9,0.1) 🦇🔊 @3PointAsset]

Blackrock Mgmt Fee (ETH ecosystem):

Ethereum: 50bps
Arbitrum: 50bps
Optimism: 50bps
Polygon: 20bps

30bp difference is MASSIVE (competitive funds are 10-20bps).

Interesting and telling divergence. Do with this what you will.

[db @tier10k]

https://t.co/tutu6X3z6e

[PK (99.9,0.1) 🦇🔊 @3PointAsset]

@maxresnick @chainyoda @fejau_inc

I need a level 1 CFA to check my logic

[PK (99.9,0.1) 🦇🔊 @3PointAsset]

@maxresnick @chainyoda Solana is 1/3 of ETH MC

Using that, along w/ these inflows as a basis for valuation, SOL should be worth $0.

This makes complete sense because, although these figures are arbitrary, they are factual. And since ETH and SOL are both crypto we can benchmark each against eachother