Jason Di Piazza

all views and opinions are mine

[Haseeb Qureshi ＞|＜ @hosseeb]

Looking at on-chain revenue over the last 5 years, you can't really see cycles after 2022. Surprisingly consistent growth.

[Spencer Bogart @CremeDeLaCrypto]

Stablecoins reduce friction on capital movement

If you're confident capital wants to flow to you, that's a feature. If you're worried it wants to leave, it's a threat

Opposition to stablecoins is basically a revealed preference about which side of that equation you think you're on

[Jonah @jonah_b]

https://t.co/Wi9lJFJcR2

[Jonah @jonah_b]

Making my way through all the DMs.

I am genuinely blown away by how many founders reached out.

Despite what the headlines say, there are still a ton of ppl building in crypto.

It is not too late to reach out if you are building something cool.

My DMs are always open :)

[Aleks Larsen @alekslarsen]

https://t.co/kXs0dRZHCW

[Maria 🐸 @MariaShen]

https://t.co/yDPNtV6v8O

[Jason Di Piazza @jdp289]

Stablecoins don't create dollar demand, but they do democratize access.

What was once exclusively reserved for the wealthy is now available to any citizen seeking to protect savings from inflation.

And when governments can no longer force the cost of monetary failure onto their people, the state must shift from extracting confidence by coercion to earning it through stabilization.

[Austin Campbell @austincampbell]

All of these posts should be used as evidence to deny early release or parole.

To be very clear:

You need to have the assets in the form the customers were owed, at the time at which the customers want them. 1 $BTC = 1 $BTC. Yet you did not have it.

The fact that you lied to your customers is not their problem.

The "margin" part is the part you were not supposed to be doing by transforming customer assets into forms other than what you told them they were held in. You took customer money, which was their property and supposed to be liquid, and made political donations, invested in venture capital, or just stole it to buy yourself mansions.

There is a word for that: crime.

[Frank Chaparro 🇰🇷 @fintechfrank]

Hyperliquid’s oil futures surged to about $7.3 billion on Thursday, from $339 million on Feb. 28

- WSJ

[Jason Di Piazza @jdp289]

Risk defines regulation, not function.

By that logic, money market should be regulated as banks too? They hold balances, pay yield, and are used as cash equivalents.

Holding demand deposits with fractional reserves and liquidity mismatch is not the same as issuing digital dollars backed 1:1 by T-bills in a transparent, auditable, and regulated structure. Function matters, but risk profile matters more.

What Dimon is really arguing for is regulatory capture cosplaying as consumer protection.

[Aleks Larsen @alekslarsen]

When I first started using Claude Code for analyzing Excel/PDFs, it would ignore important data and hallucinate.

After a bunch of trial and error, I've gotten it pretty close to private equity analyst level (maybe better?)

Here are the main learnings that make it work:

[Jonah @jonah_b]

https://t.co/p7Wj4Ydbez

[Spencer Bogart @CremeDeLaCrypto]

https://t.co/g3i0xnQNxX

[Jason Di Piazza @jdp289]

Still sitting sidelined on crypto yelling "speculative ponzi?"

You're missing the point--the financial backend is being rebuilt, and with it, capital market innovation is accelerating.

Blockchains are doing for money what the cloud did for software--replacing custom pipes for shared, neutral rails.

The result? Money now settles like code: instant, final, programmable. When market frictions ease, capital turns faster and moves more freely.

👉 Lessons From The Cloud
https://t.co/8dHXEjtAMN

[sterling @DjSterlingC]

There's been a lot of talk lately about whether we've hit cycle top, how powerful Saylor really is, or how big Bitcoin could actually get. Some of you people are really scaring the normies.

Most people outside of crypto have continued to fade our industry largely because of this misguided belief that they are late. It has kept them out of Bitcoin for a decade as they miss cycle after cycle.

There have been plenty of times in which otherwise brilliant people have faded the greatest technological achievements of our generation. Thomas Watson, president of IBM, believed there would only be a world market for 6 computers. Robert Metcalfe believed the internet would supernova in 1996.

The steadfast and irrational rejection of an inevitable outcome is always an asymmetric opportunity.

Very few people still own Bitcoin in any sort of size. Bitcoin still sits 8x away from gold and is a superior store of value (with a fixed denominator) in nearly every way. Lastly, Bitcoin is a window into the opportunity that belies the rest of the crypto industry. If you can't invest in Uber, short the taxis.

You're not too late. You're never too late.

[Sebastian Pedro Bea, OLY @sebastianbea]

Is a Strategic Bitcoin Reserve an "If", or "when"? What's the Exchange Stabilization Fund? We ask @MarcelKasumovic on our new weekly series, #MacroMondaysWithMarcel (which we record post our firm morning call).

@SmartestBeta @TrustlessState @davidduong @fintechfrank @CryptoHayes @AutismCapital @MsJaclynSales @brian_armstrong @BrianQuintenz @BrianBrooksUS @StevenACohen2 @pmarca @lucmatheson @Camp4 @richlyons @ThomasFarley @tomlombardi @quantian1 @mikemcglone11 @mdudas @matthew_sigel @matt_blumberg @mattyryze @tybasegod @gaborgurbacs @choffstein @dgt10011 @jeetsidhu_ @NickiBeltranena @iampaulgrewal

[Paul Grewal @iampaulgrewal]

Before results roll in, one thing is already clear: crypto has already won. Between the 1.8m Americans who registered as advocates with @standwithcrypto and the slew of R and D candidates who support crypto-friendly policy, the results will plainly be shaped by the crypto voter.

[Jonah @jonah_b]

We just opened our applications for the summer 2025 @bcap Research Scholar program.

I did it, and it was an awesome opportunity!

Check out the link below👇

[Jeremy Bruestle @BruestleJeremy]

So excited to have our zkVM ready for production use!

[h. joshua rivera @h_joshua_rivera]

90's too old...