SebastianGiovanni1983

Retired former crypto bro, active playboy/rogue and international man of mystery

[SebastianGiovanni1983 @Netpricks]

Blocked by @30DollarTheta ! Oh no! What will I do without being able to respond to his cringe political takes and nonstop glazing of @Theta_Network and @mitchliu ?? Oops that could be defamatory against Miss 30Dollar, good thing I lawyered up!

[The Render Network @rendernetwork]

Compute is the new oil, but unlike oil it can be decentralised.

We're kicking off our first Spaces of the year this Thursday with the topic of 'why decentralized GPU compute unlocks creative freedom'.

Don't miss it!
https://t.co/ObeOtU35Y7

[SebastianGiovanni1983 @Netpricks]

@evcawolfCZ lol

[Cointelegraph @Cointelegraph]

⚡️ NEW: Crypto YouTube viewership plunges to 5-year lows after a three-month decline, signaling bear market conditions and waning retail interest.

[SebastianGiovanni1983 @Netpricks]

@evcawolfCZ gm

[SebastianGiovanni1983 @Netpricks]

@rendernetwork @CES @JulesUrbach sweet!

[SebastianGiovanni1983 @Netpricks]

@evcawolfCZ Happy New Year @evcawolfCZ !

[SebastianGiovanni1983 @Netpricks]

@evcawolfCZ of course!

[SebastianGiovanni1983 @Netpricks]

@evcawolfCZ LOL true

[Coin Bureau @coinbureau]

🚨JUST IN: Solana Co-Founder A. Yakovenko says the stablecoin market is on track to exceed $1 TRILLION by 2026.

[SebastianGiovanni1983 @Netpricks]

@brian_armstrong This is excellent work

[Brian Armstrong @brian_armstrong]

Exactly - I’m actually impressed the banks can lobby for this with a straight face and not get kicked out of senator’s offices. It takes some serious mental gymnastics.

We won’t let anyone reopen GENIUS. Red line issue for us. And will keep advocating for our customers and the crypto industry.

My prediction is the banks will actually flip and be lobbying FOR the ability to pay interest and yield on stablecoins in a few years, once they realize how big the opportunity is for them. So it’s 100% wasted effort on their part (in addition to being unethical).

The innovators dilemma is undefeated.

[Paul Grewal @iampaulgrewal]

Like the man said, zero tolerance

[SebastianGiovanni1983 @Netpricks]

@Rakeshhkumaar this is absurd

[Brian Armstrong @brian_armstrong]

We have zero tolerance for bad behavior and will continue to work with law enforcement to bring bad actors to justice.

Thanks to the Hyderabad Police in India, an ex-Coinbase customer service agent was just arrested. Another one down and more still to come.

[SebastianGiovanni1983 @Netpricks]

@brian_armstrong good work @brian_armstrong !

[Luc @investingluc]

Younger brother came into town for the holidays, we were talking about crypto yesterday.

Trying to figure out why it's been so weak, even with strong equity markets. He threw me a curveball.

"Crypto isn't that cool anymore."

Blew my mind. The kid is 22.

"Prediction markets are better, and stocks too because they don't get rugged 24/7".

I looked much deeper last night...and what I'm observing under the surface is not technical or fundamental.

It's cultural. A social shift. Attention has relocated.

Starts on youtube. Views are down across anything related to crypto.

A crypto youtuber with 139K subscribers said that his viewership had dropped more in the last 2 weeks than anything he's seen in 5 years.

Second point. Attention is shifting from the top. The biggest crypto influencers are publicly "losing interest" in crypto, and switching to stocks (sources attached).

Third point. Crypto has long been a free-spirited, lawless, young man's game.

But with legacy brokerages like Schwab/JPMorgan getting involved + gov't interest, is crypto losing the demographic that made it popular in the first place?

Potentially...as the perception's changed.

Fourth point. Optionality. Every vehicle is becoming more accessible. From $COIN adding stock trading, to $HOOD adding 0DTE options, to prediction markets as a whole...

Everything's right there...without the perceived risk of a rug-pull via the “lawless” crypto landscape that defined crypto’s appeal in the first place.

Question is...does real-world crypto utility generate enough demand to offset a sustained decline in retail participation?

All I'm saying is the divergence of the once highly correlated $BTC - $QQQ pair is highly suspect. And it's only getting wider.

Yes, you can argue some of these things happen in every crypto bear market, but there's new variables & moving parts now (optionality + legacy brokerages participation + gov't interest) that change the game.

Crypto seems to be in a transition phase...from a momentum asset to an infrastructure asset.

Fundamental transitions like this are usually not kind to price in the medium term.

Long term, I'm bullish on the crypto's utility and think it will be everywhere, but the real world utility/adoption (and subsequent growing pains...) is something I'm watching in 2026.

[SebastianGiovanni1983 @Netpricks]

@obsrvgmi @aave rough to sit through this @aave

[SebastianGiovanni1983 @Netpricks]

@Cointelegraph @circle killing it as always, proceed

[Cointelegraph @Cointelegraph]

🚨 NEW: The SEC filed a lawsuit against VBit founder Danh Vo, alleging ~$48.5M was misappropriated from unregistered bitcoin mining contracts.

[SebastianGiovanni1983 @Netpricks]

@w3Andrea Amen. The Disney/OpenAI reinforces that point. Innovative tech has always found ways to work with legacy IP/content -that's why Hollywood content has survived every tech disruption it has faced for decades. AI is a force multiplier for the streaming industry, not a threat.