The most important signal to me for the future of crypto is what gets bid once prices start to level out and we rebound.
This could be weeks or months from now, but I'm really, really hoping for quality projects to catch bids.
Not dead chains or memes.
If we're going to run it back it has to be on the back of novel crypto projects that aren't extractive.
Let's see how $LINK is doing with trillions of RWAs here.
To me this is the only $LINK trade to worry about anymore.
It's going to get pushed around with other majors until there's tradfi $ here. And it's coming.
I still have a hard time seeing a better beneficiary than $LINK when this happens because a lot of it might be on private chains.
JUST IN: @Citi's new Tokenization 2030 report highlights Chainlink CCIP as the interoperability standard connecting the tokenized global financial system.
Citi projects tokenized asset markets can reach $8.2 trillion by 2030, with secure cross-chain connectivity being critical.
@PaperlessChains They probably don't feel great if they're holding for upside. They do not care if they get LINK and go to fiat. Just more sell pressure in that sense.
Crypto looks and feels horrible. The lowest I'll be looking for is BTC in the mid 40ks.
If I have anything left I'll allocate the hardest there and go down with the ship if I'm wrong.
The walk up to 80ks was hilarious. The stairs up elevator down sell in May meme was all 100% true.
I'll be be buying more TIG soon. LINK no. I have a bunch staked and I need to see something actually happen with the token.
Otherwise meh. Fuck this place tbh.
🔥 HUGE: "We've issued on Ethereum, private chains, and public chains. We don't care. We're looking for the rails that connect enough participants."
Julien Clausse of @BNPParibasCIB, one of Europe's largest banks, on choosing blockchain infrastructure for tokenized assets.
This is amazing to see!
It proves a major shift has taken place: a non technical person can participate in an AI agent swarm to optimise an algorithm
Imagine that at global scale, pointed at thousands of problems at once!
It introduces one question though: who pays for the compute?
Donations/philanthropy can only go far.
For this to work at a global scale it has to become an industry, where people move from donating spare compute to doing it full time because they get paid for it.
And it all HAS to stay open, if each agent in a swarm can see and build off each other's work, no private lab can keep up with it!
This is how you can scale from people donating their laptop overnight to teams building entire data centers to join swarms.
And that is exactly what TIG has spent three years building.
What are the ingredients you need?
You need:
Price discovery (which TIG solves via proof of work)
AND
A mechanism to capture value (which TIG solves via its dual licence)
A deeper dive as these are often parts of TIG which are hard to grasp
How the price discovery work:
- Algorithms currently have no way of being priced, so what TIG does is let anyone "run" (benchmark) them.
- Benchmarkers choose the best ones because they get paid for valid work, and a better algorithm lets them produce more of it per unit of compute, so picking the best one directly earns them more.
- The algorithms benchmarkers actually choose to run is the price signal.
- Adoption is the market revealing which algorithm is best.
- This is the same class of fix Paul Milgrom won a Nobel prize for: using computation to make a market function where it otherwise cannot.
How the dual licence works
- TIG licences the winning algorithms.
- The algorithm is free to use if you share your data, but companies that want to keep their data closed pay to license it.
- 100% of that revenue flows back into the token and that flows back to the benchmarkers and innovators to fund more open innovation
We've posted this before - but if there is one video your're gonna watch to understand how this space plays out, make it this!
How is possible that every single app I use (X, YouTube, etc.) ends up with worse UX after every single update?
Maybe I'm becoming a boomer or something because the ease of use and functionality of everything feels like it's going downhill.
Tbh this PA wouldn't phase people if every other asset on earth wasn't at ATHs. That's what makes it shitty.
We're in normal bear market territory but it's only us. 😂
🧐 Another potential bottom signal comes with the fact that Reddit and X, the platforms with the two largest sample sizes to measure retail sentiment, have both skewed bearish in the past 24 hours.
📊 Besides raw buy and sell calls, our community likes to analyze the raw crypto mentions of ’higher’ and ’above’ vs. ’lower’ and ’below’. When these two platforms, in particular, suddenly reveal expectations of prices going "lower" or "below" a certain price threshold, this is a signal that FUD is at an extreme level.
🔗 Prices move opposite to the crowd’s expectations. Track how each platform’s greed vs. fear is shaking out here with this handy social trends dashboard: https://t.co/HELhF6vC2n