BullishBits

Occasional thoughts on crypto projects and investing.

[BullishBits @BullishBits]

@udiWertheimer If you’re a Marxist or a Muslim, everything (literally) is the fault of Jewish people

[BullishBits @BullishBits]

While the market forgot about Celestia, the team is relentlessly shipping the infrastructure that will power the most demanding web 3 apps. Intrigued to see what will be shipped in the next 18-24 months.

celestia:native

[Celestia @celestia]

V9 is live on Mainnet.

It halves the block time from 6 seconds to 3 seconds, bringing faster confirmations and more blockspace to every network running on Celestia.

[BullishBits @BullishBits]

@rogalev_lion @slx_fi Damn son, you’ve been active

[BullishBits @BullishBits]

@RobertSagurton @RobinhoodApp Surprised anyone thought they would take a different path than Coinbase

[BullishBits @BullishBits]

@MikeZajko Their product is reliant on millions of nodes that earned nothing for contributing.

Why would they continue contributing?

[BullishBits @BullishBits]

@dcfgod “If the VCs won’t buy the token without getting equity why should you?”

When a simple question encapsulates everything you need to know.

[smac @0xsmac]

shareholders not token holders

last i’ll speak on this as i have made my pov clear already before, ppl are free to do with their $ what they choose

glhf

[Jon Charbonneau 🇺🇸 @jon_charb]

@ErikVoorhees @dankrad token and equity holders are not aligned

its fundamentally impossible unless theres 1:1 equity:token ownership across all holders, which isnt the case here

its zero sum. a finite amount of $ is generated and can be distributed preferentially to token or equity.

[Tulip King 🌷 @tulipking]

wrt to $VVV, Erik is essentially saying the token equity split will work this time because equity holders have a bunch of tokens. unfortunately this has been equally true in all the past attempts at making this work

The terminal value of the token is zero regardless of the business because you don’t own the actual business. You own onchain slop in the form of an ERC20

[BullishBits @BullishBits]

@tulipking Erik is a good guy, but it’s a healthy sign that not even he can get away with this bullshit anymore.

[VIKTOR @thedefivillain]

Why do we need to explain to a "cypherpunk founder" that the token<>equity alignment problem doesn't get fixed just because 'the teams holds the token and wants it to go up too' ?

[BullishBits @BullishBits]

@0xZergs It’s all yours buddy, enjoy paying more for the token than VCs paid for the equity

[BullishBits @BullishBits]

@ErikVoorhees @dragonfly_xyz VCs get to invest in the equity, plebs get the token

[Wazz @WazzCrypto]

$VVV token is up 15% on news that tokenholders got rugged and now have zero claim on company revenue

[Jon Charbonneau 🇺🇸 @jon_charb]

there is no defensible reason to continue with token/equity splits like this in 2026

[BullishBits @BullishBits]

@kdotcrypto Talent, apps, aim, activity, performance, they are running away from e wry other gpl1.

[BullishBits @BullishBits]

@BillKingTM What’s your BTC target to go all in

[BullishBits @BullishBits]

@KillaXBT Doing gods work over here

[BullishBits @BullishBits]

@RobertSagurton Let’s see what this puppy can do