Alex From

Runnin’ down a dream

[Alex From @alexpfrom]

@2xdog Do you think we see as low as $40K in October or is that too bearish?

[Alex From @alexpfrom]

@laurashin can you get @cburniske and @cobie back on the pod again like 4yrs ago?

[Alex From @alexpfrom]

@cburniske soon time to test our free will again

[Alex From @alexpfrom]

TIA starting to feel like high % CUV, low % DEUV
@cburniske
https://t.co/5Tmzu61Tfn

[Alex From @alexpfrom]

@cburniske Thanks for taking the time to share your thoughts. It’s always really appreciated and insightful.

[Alex From @alexpfrom]

@laurashin can you get @cburniske back on the pod? We need an updated state of the (crypto) market.

[Alex From @alexpfrom]

@0xProfessorJo @celestia Is there a recording of this chat?

[Alex From @alexpfrom]

@ssaintleger The sacha mamopiece effect!

[Alex From @alexpfrom]

@torvaman_ @MikeIppolito_ @sacha Oh crap, then we need to find another pod for @sacha!

[Alex From @alexpfrom]

@MikeIppolito_ please have @sacha on Expansion pod to talk about this article

[Alex From @alexpfrom]

@ssaintleger Wow, this is phenomenal. Thank you for writing this! What are some of your favorite resources to read or websites to find helpful information? Do you have any paid subscriptions you recommend as well?

[Alex From @alexpfrom]

@ssaintleger Excited for this!

[Alex From @alexpfrom]

@ssaintleger Been diving into Bill Miller. I love learning about value investor’s and their mindsets. He shares a lot of good advice similar to Buffett, Munger and Klarman.

[Alex From @alexpfrom]

@ssaintleger The future is modular. This is becoming more and more clear.

[Alex From @alexpfrom]

This is your masterpiece @ssaintleger

[sacha @sacha]

> My take on this is that the market isn't reacting well to the news because the issue w Celestia has never been that Polychain is selling tokens. Investors sell tokens...

this is what you call shifting the goalposts lol

> ... Data availability is a commodity and nobody is willing to pay a premium to post data to Celestia.

AWS did > $100 Bn in revenue last year imagine what it could have made if cloud computing wasn't a commodity :)

> They're already giving the product away for free, and it has very little adoption. If you tell the TIA team though they'll send you some chart with a bunch of irrelevant products and some metrics that they themselves came up with, so either they're being intellectually dishonest or deranged from reality. Both equally bad.

what matters when you're growing a network is growth rate. this has been pretty solid since end of march

> The big deals they have, Converge and Abstract, are paid for, and yes, there's interest from companies like Robinhood in building their own chains, but they don't have a natural interest in using Celestia DA (It's a commodity, can use anything else or even do it themselves)

i don't have any insider info here, but even if that’s true, it's true for most crypto projects

i’ve spoken to folks using or planning to celestia who have no economic relationship and speak v highly of their experience working with the team

look at OP or solana or literally any ecosystem. everyone uses ecosystem incentives of some flavor. why single celestia out?

> There's no demand for the token. The only natural demand for it is using it to pay for DA (No interest in this) and the main use case is still selling it so investors and team can make money. External products built on top of Celestia have no incentive to include TIA because it's competitive to their own token. No value capture for TIA

they are literally shipping native interop *next week*. You could fault their original design, but you can't say they aren't working hard to improve the token flywheel

> Their gtm is terrible. If I was the Celestia team right now my focus would be purely on getting good products and increasing adoption, not on pleasing CT or playing defensive, which is what they're trying to do now: Deliberately trying to place the blame on Polychain, instead of themselves to try to buy good will. Embrace introspection.

i speak to the team regularly and i can tell you that they are super locked in on this front. it's clear to me that product is the #1 focus -- there are no ideological 🧠🪱s

my impression is that there is a huge wave of demand coming in various forms. if they capture none of that, then they deserve to be a zero, but i don't think that's lost on them. the team is clearly grinding

> They're passing random proposals like Proof of Governance which are of interest to the founders (Research chaps) but have no material effect over the robustness of TIA. I guess if they wanted to maybe please CT they could disclose how much was sold by each investor and team member (They're never going to do this)

the point of PoG is that it makes the tokenomics work for the core product: scalable and cheap DA. it's the opposite of research masturbation. it's about pragmatically aligning the tokenomics / issuance with the product: cheap and scalable DA

high inflation means you eventually need to increase fees to break even but that's not a game celestia should be playing

focusing on abundance and growth is the only thing that matters right now, and PoG is aligned with that. not to mention that it's a smart hedge against a handful of exchanges dominating staking (which is a very real possibility for PoS chains)

what would I know though, i'm just a 🦣

[Alex From @alexpfrom]

Really great podcast on the competitive advantages of Celestia as well as arguments for the modular framework vs. the monolithic framework. I’ll certainly be listening to more Block by Block.

[Alex From @alexpfrom]

@ssaintleger Fantastic analogy! 👏👏

[Alex From @alexpfrom]

@musalbas The future is modular. Don’t fade Celestia.

[Alex From @alexpfrom]

Mr. Market providing us with another great buying opportunity

[Chris Burniske @cburniske]

1/ Still longing $TIA while haters spinelessly pile onto the downside momentum. When @CelestiaOrg recovers, it's not me that will be haunted by the thought, "Instead of jeering, I could have been buying $TIA < $5."

[Alex From @alexpfrom]

@RayDalio @StephanieKelton do you agree with this and Ray’s overall thesis. Below is just a snippet: