The day after the CEO lays off a ton of staff and says:
“Non-technical teams are now pushing code to production with AI”
@coinbase has a major outage on their trading engine, and even their status page doesn’t work.
😂
im fully convinced that LLMs are not an actual net productivity boost (today)
they remove the barrier to get started, but they create increasingly complex software which does not appear to be maintainable
so far, in my situations, they appear to slow down long term velocity
Seeing top-10 assets drop nearly 10% day after day isn’t easy, but I remain bullish — and this is why.
My first bear market was at the end of 2021–2022, and I perfectly remember the jokes in every crypto chat: “Black Friday discounts,” “Christmas discounts,” “New Year discounts,” and so on.
But after a couple of months, everyone realized that no — this wasn’t discounts anymore. It was actually the start of a bear market, and people started acting differently. Investments dried up, narratives went to almost zero.
The main reason was the Alameda/FTX crash, which turned the market upside down. The bull run we had before was largely driven by huge leverage from big players.
What’s different in the current market?
Yes, we had the 10.10 event, which wiped out malicious market makers and funds that couldn’t handle losses and were over-leveraged on their positions (and no, I don’t think Wintermute is among them).
Yes, we still lack a strong, sustainable narrative.
But this time, we already have a solid foundation.
Crypto is no longer a scam in public discussions (even though most tokens still are).
It’s an alternative asset in the portfolios of huge funds, the US government — you name it.
We also already have products with real PMF: prediction markets, ICM launchpads, perp DEXs, AI agents, yield-generating products like AAVE. Even pump fun continues the core idea of crypto — giving anyone access to launch anything and get support from people. Even if it’s a casino. But if you zoom out, almost everything can be called a casino — just look at the charts of gold or silver, haha.
So yes, I remain being bullish on crypto.
I don’t think the old cycles work anymore, and we shouldn’t treat the market the same way as before. There are many teams building cool products, and the market is definitely not dead.
Attention moves much faster nowadays than it did before, and in my opinion, we won’t have to wait long for crypto to become mainstream in the news again — just with a new narrative.
I think we now have everything we were lacking before: security, good UX, account abstraction wallets, scalability improvements, government approval, the upcoming Clarity Act, and most importantly — fewer malicious actors who were here only to extract value.
Build.
This has been said a thousand times before, but allow me to add my own voice: the era of humans writing code is over. Disturbing for those of us who identify as SWEs, but no less true. That's not to say SWEs don't have work to do, but writing syntax directly is not it.
The craziest business that no one talks about is Lego
these mfers have ZERO competition, make over 10B per year, and are the most recognizable brand for all ages
The Ethervista Whitepaper will introduce:
1. New pool dynamics aimed at fundamentally restructuring protocols and unlocking limitless growth opportunities
2. A new mathematical model for revenue sharing among millions of users with negligible gas cost
3. Innovative functionalities designed to prevent rug-pulls caused by sudden liquidity removals
and a f*ck ton more (p.s: you're not ready).
@dougaljohnny2 @alexvit_ny@Jingadingding@SpencerFernando Well, it's OK when the world gathers together to fight for independence of other counties. Putin is a corrupted bunker orc and terrorist with mental illnesses. It was the West's mistake not to atop Hitler in 1938, when he occupied Austria. But now the world changed🇺🇦
@dougaljohnny2 @alexvit_ny@Jingadingding@SpencerFernando Cmn, man😂 I'm a russian-speaker who lived in Lviv my whole life. I've NEVER had any cases of discrimination and anger from the people. Only after the war started people became realising that we should go apart from "russian world", including russian culture and language.
@Cindy4Sanders @POTUS Funny to hear it. It's cheaper to prevent "peace with dictators". In 1938 the West tried to find "peace" with Hitler after he occupied Austria. But he wanted more, same as Putin. It's cheaper to stop Putin in Ukraine than to wait until he'll invade, Poland, Estojia...Alaska 🙄
@laurenboebert In case you haven't heard, these money are your investment in your own safety. It's much cheaper not to repeat a mistake of "peace with dictators" (Hitler in 1938). If America will let Ukraine loose today - tomorrow Putin will knock to Poland, Lithuania...Alaska🙄
@davidgokhshtein American people should understand that today, by sending this money to Ukraine, they are investing them to their safety. If Putin will think that he is an emperor (like Hitler in 1938) and the world will not stop him - tomorrow he's gonna take Poland, Lithuania...Alaska🙄
@ashermoses 3/3 Libya didn't had a concurrent and competing market. Gaddafi made a second Soviet Union and specialistic dream. But! One day people will understand that socialism is just a bubble.
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