Matt Devin

[Matt Devin @MattDevin6]

@austincampbell The more pertinent question is, would this asset class even exist if it was based on revenue? If the answer is no, then the natural answer is either this industry shouldn’t exist or you are miss understanding its value proposition.

[Matt Devin @MattDevin6]

@austincampbell In fact, going after revenue buyers doesn’t even make any sense, because anyone, long enough in crypto, will tell you these assets are systematic underperformers in revenue growth compared to TradFi assets. Crypto is in absolute comparative disadvantage.

[Matt Devin @MattDevin6]

@TXMCtrades It is because the AI catalyst driving equities has tangential connection with BTC or crypto? What is the point of these rhetorical questions?

[Matt Devin @MattDevin6]

@misokeik @AlgodTrading It is not “offline” mode because inference is not done on your local GPU.

[Matt Devin @MattDevin6]

@alpha_pls Good question, why are you bearish on the biggest platform enabling private, censorship resistant freedom enabling technology?

[Aylo @alpha_pls]

Someone tell me why this isn't bearish for Ethereum?

A major fintech with a big move into stablecoins is not launching it on Ethereum.

If Tempo didn't exist then this would have likely launched on Ethereum or an ETH L2...

Tempo taking marketshare in what is the main thesis for Ethereum: stablecoins.

[Matt Devin @MattDevin6]

@tushar_jain So you guys think SOL can’t do it right? Otherwise, why would you say it is the “cleanest way” to express this thesis?

[Matt Devin @MattDevin6]

@0xthorchain @jpthor If you designed your chain’s survivorship to depend on censorship, then you don’t get to compare yourself against BTC/ETH. That is your design problem.

[Matt Devin @MattDevin6]

@joe4deadcat @Jackal_Protocol I can understand ppl gambling on launchpads because they were naive and had a bad prior these new launches aren’t rigged. But it would also be weird to try and force a tool with extra steps into workflow leading to lower productivity.

[Matt Devin @MattDevin6]

@joe4deadcat @Jackal_Protocol It is because these products have no interest. I use stuff like Dropbox, Microsoft Team etc. in my work. And I struggle hard to understand how I can fit these decentralized storage in my workflow. You can’t call it utility if it doesn’t solve a problem ppl have.

[Matt Devin @MattDevin6]

@joe4deadcat @Jackal_Protocol Maybe I misunderstood, but your mention of liquidity made me think you are talking about token.

[Matt Devin @MattDevin6]

@joe4deadcat @Jackal_Protocol A protocol gets liquidity from either 1) token investment or 2) fees from use. 2) isn’t mutually exclusive with whatever ppl do on-chain. Since you mentioned liquidity, I assume you meant 1).

[Matt Devin @MattDevin6]

@joe4deadcat @Jackal_Protocol Is it a reframing of your tweet to say you claimed, DePIN struggled because it solved boring real world problems and didn’t give ppl the gambling itch? I am saying the lack of demand shows it is solving fictitious problems and buying their token is no different from gambling.

[Matt Devin @MattDevin6]

@joe4deadcat @Jackal_Protocol Equity performance should follow your earnings, not the other way around. If you do it other way round, it is another slot machine just with more steps.

[Matt Devin @MattDevin6]

@joe4deadcat @Jackal_Protocol The narrative was “about the product” but most couldn’t divorce their operation from the token performance. Remember, they need the token liquidity to subsidize their operations. If you look at good Web 2 businesses, your equity performance shouldn’t dictate your earnings.

[Matt Devin @MattDevin6]

@joe4deadcat @Jackal_Protocol Goes to my point to not advocate for Y over X if Y is worse.

[Matt Devin @MattDevin6]

@joe4deadcat @Jackal_Protocol A lot of DeFi is a circular game fueled by token emission. But DePIN is worse. Its operation is nearly always subsidized by token emission. And its circular game breaks a lot easier, because you let those with little stake in token, hardware operator, to eat emission.

[Matt Devin @MattDevin6]

@joe4deadcat @Jackal_Protocol By “financial crimes”, do you mean like pump and dumps? A lot of DePIN charts look very similar. Most of the time, their interest also stem from token performance as supposed to actual usage.

[Matt Devin @MattDevin6]

@joe4deadcat @Jackal_Protocol By nodes, you mean the validators for the L1? Not sure what you mean by needing “financial crime” to stay relevant for DeFi/memes.