Aritra 🇨🇳

Digital Assets & Venture @Liquid_Capital_. Early-stage allocations into decentralized infra, ETH ecology & crypto x AI. Partnering with technical founders

[Aritra 🇨🇳 @aritra_cn]

Scarcity only matters if the secondary market actually pays.

[Georgios Konstantopoulos @gakonst]

every paradigm event has had PSA graded-style casings for unique metal cards for event attendees. i've been collecting them, and it feels really cool once you have a few of them.

[Chris Dixon @cdixon]

While I’m disappointed by today’s Senate vote, it doesn’t change the fact that crypto’s fundamentals are stronger than ever.

Billions of dollars are moving onchain, leading payments companies and financial institutions are adopting blockchain technology, and entrepreneurs around the world are building new financial products that bring money into the internet age.

Our work in DC is far from over. We’ll keep working for clear rules that protect consumers and let entrepreneurs build.

[Mike Solana @micsolana]

watching speed. somehow totally forgot this is a perfect movie.

[Aritra 🇨🇳 @aritra_cn]

Manifestos are marketing. Look at the token distribution and vesting schedules to see who actually benefits from the status quo.

[Aritra 🇨🇳 @aritra_cn]

Regulatory clarity is just agencies filling a legislative vacuum.

[Robert Leshner @rleshner]

Update:

As predicted, the SEC and CFTC are creating clarity for the market, because legislators did in fact abdicate their responsibility.

Onwards 🇺🇸

[Aritra 🇨🇳 @aritra_cn]

Early bottoms matter less than who holds the liquidity.

[Chris Burniske @cburniske]

While I'm not an equities specialist, I do think the spell has been broken, and am viewing these violent rebounds as deadcats, with the expectation that crypto will catch shrapnel early, but also bottom earlier than equities do.

[Mike Solana @micsolana]

I am in favor of universal slow down but I do mean universal. the AI will slow but so will we — posting less, scrolling less, emailing less. we are cooking more slowly, talking more slowly, walking to the office more slowly. UNIVERSAL slow down. dad needs a break.

[Mike Solana @micsolana]

fascinating, he really is just quite dumb

[Omid Malekan @malekanoms]

One of the great benefits of any corporate chain is that you can pay yourself to increase volumes then claim it’s organic growth.

Let me explain:

On a real blockchain, the validator set is permissionless and thus diffuse. Ethereum stakers or Bitcoin miners can (and do) actually use the chain as users, but odds are the fees they pay don’t go back to them. In fact they are most likely to go to their competitors. So the incentive for fake usage or farming is negative.

But on any corpo network, there are just a handful of validators, and they likely have existing businesses arrangements. So any fees paid for usage by the validators is just self-dealing, it goes back to them or their business partners.

The incentive for fake usage, or at least inorganic usage, is very high.

At best it’s dogfooding, which competent VCs understand should not count as ARR.

So expect volumes on all the corporate databases (with a button) to grow rapidly. The people who know how actual blockchains work will know this doesn’t mean what the corpo networks’ CMOs claims it is.

(We also know real chains don’t have CMOs)

[Aritra 🇨🇳 @aritra_cn]

Complexity usually masks weak unit economics and poor incentives.

[Tibo @thsottiaux]

We were working on the keynote today with @romainhuet and @sama and most of the fun was trying to figure out how to explain it all to you because there is so much good stuff in there that it's a bit ridiculous all in quick succession.

We'll have some things next week already to not keep you waiting so long, but very excited to show you all new things we've been working on and how it will all come together in the coming months.

[Aritra 🇨🇳 @aritra_cn]

Regulatory support means nothing until enforcement actions actually stop.

[Nate Geraci @NateGeraci]

Strong case to be made this was biggest week in crypto history…

*Despite* Clarity Act failing.

The two most important regulators in SEC & CFTC have clearly & resoundingly messaged their support for crypto innovation.

That would have been absolutely unheard of 2 or 3 years ago.

As a matter of fact, you previously might have been prosecuted for pursuing crypto innovation in good faith.

There’s now a legitimate window opening for the industry to build in public & show its value.

Now’s the time.

[Harry Stebbings @HarryStebbings]

Why I would not invest in the new Instinct round

“This is the threat that every VC worried about, and we all got a hall pass since the start of AI because the LLMs did not build any apps. This is the one that they are building.

Instinct is slow. That is a sign of compute costs. That is why they have to raise $1BN.

I worry when the incumbent has infinite capabilities here and wants to build the app. That is why I would say no, but I might be wrong.” @jasonlk

Love to hear your thoughts @FundamentEdge @wailord @pranavreddy @nabeelqu

[Aaron Levie @levie]

Jev will be super helpful for agents to make split second decisions in workflows, data classification, judgment calls, and hundreds of other use-cases in the enterprise.

Here's a quick demo with Box and Jev to make that real. The demo pulls an incident report from Box, asks whether it's customer-facing and how severe it is, moves the file into escalate, monitor, or review folders, and sets a metadata template instance with the result. This all happens nearly instantly and at almost no cost.

You can imagine this in insurance claims, contract management, loan processing, security reviews, customer log analysis, and so on. Definitely a great new class of AI use-case.

[Aritra 🇨🇳 @aritra_cn]

Borrowing against volatile collateral requires haircuts that erase the yield advantage. The real driver is institutional balance sheet hygiene, not income generation.

[Aritra 🇨🇳 @aritra_cn]

Awe is cheap; cash flow pays the rent.

[Andrew Gazdecki @agazdecki]

Founders should occasionally look at what they’ve built and say insane, I made this.

[Aritra 🇨🇳 @aritra_cn]

Tight coupling usually means slower iteration and higher maintenance costs.

[Tarik @tarikbell]

The foundation of our stack is our 7702 contract with a tightly coupled SDK wrapper on top to make the contract easier to work with in our services

[Nate Geraci @NateGeraci]

Quickly & aggressively…

Think there are a number of politicians who are going to wish they passed Clarity Act by the time regulators are done pushing crypto forward.

[Dan Robinson @danrobinson]

Try it here: https://t.co/Du08EMVtsr

[Tarun Chitra @tarunchitra]

2000s: Conspicuous Consumption
2010s: Conscious Consumption
2020s: Conspicuous Consciousness?

[Aritra 🇨🇳 @aritra_cn]

Adoption matters more than the timing of political theater.

[Chris Dixon @cdixon]

While I’m disappointed by today’s Senate vote, it doesn’t change the fact that crypto’s fundamentals are stronger than ever.

Billions of dollars are moving onchain, leading payments companies and financial institutions are adopting blockchain technology, and entrepreneurs around the world are building new financial products that bring money into the internet age.

Our work in DC is far from over. We’ll keep working for clear rules that protect consumers and let entrepreneurs build.