dΞpart

building @numamoney. everything that rises must converge.

[dΞpart @depart_ed]

@Livid i would love to learn more about how you have planet set up

[dΞpart @depart_ed]

@kepano You should make this a choice during set up

[Lukas @MiyaHedge]

Crypto as we know it is over.

It's time to look at the abyss and stop acting like this industry will in any way recover if the leaders continue to act like everything is fine and the 50th perps DEX will solve this.

The Death of the Crypto VC sector is slowly unfolding during the past few months. LP commitments have been on a low and didn't even remotely recover during a generational $16k -> $120k bull market. VCs like Mechanism/Tangent literally pivoted away from crypto. Half of the Paradigm team ragequit in the last 2 months, entire firms silently exited everything. Barely any crypto VC has been able to raise for another fund and the venture appetite is close to zero.

Please for the love of god look at the data & stop coping that this in any way is normal or will recover for a sector claiming to be on the frontier of technology. The risk appetite inside venture has been off the charts in the last 3 years, blockchain received only outflows. I spoke to so many VCs (both tradfi and crypto) in the past month, and close to nobody was optimistic about them being able to raise for another crypto-fund.

We are at the tail end of blockchain innovation.

"Oh ownership coins fix this" No they don't. Sorry to burst your bubble, but as the founder of a company doing "ownership" structures, this fixes exactly nothing. It's a band-aid of complacency. I'd argue it actually makes it worse, because no talented young founder will chose to give anonymous tokenholders full control of their business, it just turns crypto even more into this autistic cypherpunk delusion.

Blockchain & especially alt coins has moved from the frontier of technology to an un-investable asset class who's building products who nobody needs. And the VCs who are left are trying their best to unauthentically manufacture narratives, fund the current hot thing (just to be left at 0 after the 3y vesting starts, and the current hot thing turned out to be not so societally important as the fast moving crypto sector thought it would be).

The frontier of technology has moved away from blockchain and sits at AI & Robotics right now and blockchain right now is seen as the weird industry you enter to build something meaningless for exit liquidity.

If we want this industry to bloom again, we need to work to get rid of the 3 in web3 and come back to reality.

We need to go towards the epicenter of the current innovation and not try to artificially replicate it inside crypto.

It's either valuable tokens for web2 startups or this sector & especially the venture market goes to 0.

@StreetFDN

[dΞpart @depart_ed]

@astridwilde1 zm, team, what else?

[dΞpart @depart_ed]

@0xKNL__ whats ur other account nail

[dΞpart @depart_ed]

@0xMentalIllness @PeptidePartners https://t.co/MJ1Wtl8Igz

[dΞpart @depart_ed]

@0xMentalIllness @PeptidePartners

[dΞpart @depart_ed]

@ThetaChungus There’s def a lock up

[dΞpart @depart_ed]

@notsofast thank you for your service

[dΞpart @depart_ed]

@0xKNL__ TELEDILDONICS 💀

[plur daddy @plur_daddy]

What supercharges this run is memetic consensus around a high price target, leading to intense supply discipline. Everyone hoards their coins and forces buyers to be sloppy in the books, which further entrenches the idea price will keep going up. Reflexivity at its finest.

This is where the @john_j_brown and @cobie tweets around "exiting the thicket towards $200k" and "easy road to $250k" are important. They become self-fulfilling prophecies. I am certainly not intending on liberating myself from any of my BTC until much, much higher.

What throws gas on the fire is treasury companies using this momentum to go out and raise tons of money, and then buy BTC in an undisciplined manner. It's a classic virtuous cycle.

We will also get more datapoints this month on Bessent shifting treasury debt issuance towards bills, which is essentially swapping out the sale of an instrument that soaks up risk appetite (duration) in exchange for one that doesn't, leaving more unsatisfied risk appetite available in the market. They will pull every lever they can to boost liquidity. Don't underestimate this.

We are getting closer to Powell's replacement getting named, which will enhance the narrative around endless fiscal and monetary largess. I expect this to come into the forefront over the next few months. Trump wants to run it super hot and take the market to absurd levels as his legacy.

No one has been talking about the SBR for quite some time, but I found it interesting that ReserveOne (a recent Treasury Company launch and possibly one of the big buyers that drove the breakout) is attempting to match the composition of the proposed SBR in its holdings (BTC, ETH, SOL, XRP, ADA). ReserveOne has ties to the administration, as Wilbur Ross, who was the Secretary of Commerce during Trump's 1st term, is on the board.

Trump is now extremely incentive aligned via DJT so I assume they will find some way to make it happen. As we know, Trump is extremely shameless in pursuing his self interest, and has a strong hold over the Republicans in Congress.

The administration wants number go up. Sometimes it's really that simple. Don't give up your coins too early.

[dΞpart @depart_ed]

@___jackals this was actually weeks ago, before the black eye, which is somehow even crazier?

[dΞpart @depart_ed]

@0xKNL__ yeah him urging his friends to talk to the obviously not friendly reporter is a bad look

like, anybody could see that she wasn't acting in good faith, just wanted to scare the libs, and she did!

[dΞpart @depart_ed]

@cryptopsychdoc im 50/50 on if consumers did this (as opposed to businesses, which i think did). maybe only 1/10 people ive talked to said they bought things because of the tariffs, curious what your experience is tho

[dΞpart @depart_ed]

@ThetaChungus why the end of this year? will just take that long to fully realize the damage?

[dΞpart @depart_ed]

@___jackals not good

[numa. @numamoney]

Vault 2.0 & Lending are live!

Check out our new app here: https://t.co/AuuolaIZo9

Borrow against your $NUMA holdings to free up liquidity or buy more NUMA tokens to leverage up your position!

[plur daddy @plur_daddy]

Base case this is like 2018 — lot of parallels, except Trump appears more serious about tariffs this time, and there is the added spectre of DOGE. S&P was down 4% for the year and had significant volatility. If DOGE goes big, should be more downside than that.

[dΞpart @depart_ed]

@___jackals 🙏