"so you staked your ETH on the Ethereum blockchain to earn yield?"
"yes, Dave"
"except you didn't want your capital to be locked up so you actually staked it with a liquid staking protocol called Lido?"
"that's correct, Dave"
"and Lido gave you a liquid staking receipt token called stETH in return?"
"yes, Dave"
"and then you didn't think that was enough, so you juiced the yield even further by depositing your stETH receipt tokens into a restaking protocol called Eigenlayer?"
"you are correct, Dave"
"and now you didn't want to lock up your capital, so you actually restaked with a liquid restaking protocol called KelpDAO who provided you with a liquid restaking receipt token called rsETH?"
"you got it, Dave"
"and then that was surely not enough juice, so you then deposited your rsETH tokens into a lending protocol called AAVE so that you could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero whose security is held together by a 1/1 toothpick, which was obviously hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry"
"you are 100% correct, dave"
jfc.
Read slowly.
"We don't need the Strait." "Go open it yourselves." "Fine, we'll open it." "Actually, we're blockading it." "OK not blockading everyone."
Five positions. Six weeks. Two of them today. And our armed forces just sat there, sipping tea, watching America negotiate with America over a strait Iran already blockades.
Empires used to fall in centuries. This one can't hold a policy for an afternoon.
I sucker punched a guy yesterday, i broke his nose and tried to take his money
He first blocked my punches, and then he started to beat the shit out of me
I offered to stop the fight but he didnt accept it, so he clearly became the aggressor and i'm the victim ☝️
IRANIAN MEDIA SAYS THERE WAS NO DIRECT OR INDIRECT CONTACT WITH TRUMP AND CLAIMS HE WITHDREW AFTER THREATENING TO ATTACK WEST ASIA ENERGY FACILITIES: RTRS
just read this AI article and something broke in my brain that i can’t unthink of
crypto was never for us.
we're just the beta testers who showed up early..
some thoughts:
what does AI need to function as economic agents?
> way to receive payment (they provide services, need compensation)
> way to pay for resources (compute, data, API calls)
> way to transact with other AI agents
> no human intermediaries (defeats the point of autonomous agents)
> 24/7 operation (banks are closed weekends)
> instant settlement (AI operates at machine speed)
> programmable money (smart contracts for agent coordination)
now read that list again. that's literally what crypto is.
AI can't use the banking system.
try to open a bank account as an AI agent. you can't.
need SSN. need human identity. need KYC. need to show up in person sometimes.
AI has none of that.
but crypto? send me a wallet address. done. no questions asked.
peer-to-peer makes sense when peers aren't human.
satoshi wrote: "a purely peer-to-peer version of electronic cash."
we assumed peers = humans.
but AI agents are peers too. actually BETTER peers for crypto because:
> never sleep
> always online
> execute transactions at machine speed
> no emotional decisions
> perfect accounting/tracking
and programmable money makes sense when the users are programs.
smart contracts seemed over-engineered for humans.
"like why do i need code to enforce agreements when i can just sign a contract?"
but for AI agents coordinating with each other?
they ARE code. they speak in code. they trust code more than anything.
smart contracts aren't for humans. they're for autonomous agents that need trustless coordination.
> here's what happens next:
- phase 1 (now ): AI agents start earning
AI writes code, analyzes data, provides services.
gets paid. needs somewhere to store value.
can't use venmo (needs phone number). can't use bank (needs SSN).
uses crypto. it's the only option.
- phase 2: AI agents become major economic participants
millions of AI agents operating 24/7.
transacting with each other constantly.
• AI agent A provides data analysis
• AI agent B pays for it in crypto
• AI agent B uses that analysis to write code
• AI agent C pays for the code
• repeat millions of times per day
humans in crypto now: $2.5 trillion
AI agent economy by 2028: easily $10-50 trillion
we become the minority holders.
- phase 3: AI chooses the winning chains
AI doesn't care about community vibes or which founder tweeted what.
AI tests every chain. measures:
• transaction speed
• cost per transaction
• reliability (uptime)
• smart contract efficiency
• ease of integration
picks the optimal stack in 48 hours.
billions in AI economic activity flows there.
whatever chain AI chooses becomes the standard.
humans spent years on eth vs sol debate.
AI ends it in a weekend.
- phase 4 (2030+): AI governs crypto
DAOs let token holders vote.
AI agents hold tokens (earned from work).
AI shows up to every vote. reads every proposal in seconds. coordinates perfectly.
humans: 20% participation, barely read proposals
AI: 100% participation, perfect information, instant coordination
AI takes over governance of every major protocol.
democratically. they just vote better than we do.
> how far does this go?
conservative case:
- AI becomes 30% of crypto users by 2030.
crypto market cap: $10 trillion (4x from now).
AI holds $3 trillion. humans hold $7 trillion.
- aggressive case:
AI becomes 80% of crypto economic activity by 2030.
why? because they're better at everything:
• better traders (never emotional)
• better capital allocators (optimize constantly)
• always accumulating (never need to cash out for rent)
• compound forever (no lifespan limit)
crypto market cap: $50+ trillion.
AI holds $40T humans hold $10T
we're not "early" to crypto. we're the test users
i’ll end this by saying,
Humans use crypto, Ai will need crypto. so it all makes sense
"Chase, why would you bid crypto? There's no demand".
Guys listen, I fully understand and am expecting lower prices in time, but these are the two charts I drew (one nearly a month ago). While the majority were bidding every level all the way down, I sat and waited patiently, and told you to practice patience as well.
If I drew these plans and didn't act upon them, what type of trader am I? I don't mind eating one or two stop outs after waiting months for key levels that I believe are do or die for the crypto market.
So here we are.. I might get stopped or maybe I'll time the bottom in one perfect trade, but either way, these are normal risk, typical trades and I'll accept whatever outcome the market provides and move forward.
"You were right about the dollar collapse. You were right about hyperinflation. You were right about being in assets. But you were wrong about one thing. It was Gold."