Podcast: Join Sam @hexonaut and Michael Wei @noweiitsmichael this Friday for a live AMA on Spark's integration with @BitGo.
Learn how institutional capital can move from custody into on-chain credit markets through structured allocation.
Join us this Friday.
@Stammy Just started testing out Whoop and biggest advantage is that the app is loads better than the Apple health app. Never heard of Bevel before this but looks like Bevel + Apple Watch is the exact combo I’m looking for…
@jappleby Wholeheartedly agree. But it takes the right kind of work and coworkers. It’s clear the haters in the comments just haven’t experienced this kind of camaraderie.
Banks earn ~5.7% risk-free at the Fed. They pay you ~0.1–0.5% on savings. That spread is policy-enabled. The yield goes to banks, not you.
Since 2008, banks have been paid trillions in interest on reserves—funds that otherwise could have reduced the federal deficit.
Now those same banks are trying to kill the market structure bill so crypto companies can’t pay you interest on stablecoins.
This isn’t about safety. It’s about preserving a monopoly on yield.
Voters will remember the politicians who chose bank profits over your right to earn.
@Stammy@mercury Used it for my last startup and was very impressed. Easy treasury management was killer. This was also during the SVB debacle and they handled it very well.
top volume on @coinbase today and only one of them is an application. 👀✍️
the chain/protocol layer to application layer value transfer is happening in realtime. traditionally, crypto investors have sought to bet on the "next Ethereum or Solana" infra offering thinking that innovation would repeat the value curve of the first L1s.
but instead of real user adoption on many of the competing L1s, the chain play itself became gamed. low float price manipulation, "million testnet users", and prioritizing CEX-listing became the norm. investors wised up to this fast and rejected vapor VC exits like $TIA, $EIGEN, $MOVE, $IP.
and now we see where real demand lies:
🎯 the actual products that users use daily
^this would be common sense to literally anyone not inside the crypto sphere of influence but its actually a rare thesis in the crypto industry.
"growth" in our industry has been so manufactured to the point where many of the best builders ended up building elsewhere because they saw what crazy shit kept being rewarded (by the market).
thankfully, we got Hyperliquid just in time. we all witnessed how Hyperliquid left many VCs without clothes, unable to invest in the most popular application that every perp trader uses. Even Paradigm had to buy the token in size post-TGE.
as the volume and accumulation today suggests, smart money will not make that mistake again and smart money may actually be getting smarter in this next phase of the market.
invest in the applications you use every day.
its that simple.
@Jason@VegasMapleLeaf Same. Used to love hearing Sacks wax poetic, now it comes off as propaganda from the White House. For a while there was little/no pushback. @jason needs more allies on the pod!
JUST IN: 🇺🇸 Congressman Dusty Johnson says blockchain technology will transform every industry in the same way the internet has over the last 30 years.
@antoniogm@sidravi_ 100%. Crypto builders have been high off the dream that they can topple the existing financial system. This is a doomed vision on several levels. You have to meet the masses where they're at, and thats not on blockchains with their self-custody wallets.
@chamath It’s funny that you make this assertion yet frown on communism. This is 100% the result of capitalist mentality. Humans are actually built for mission-driven thinking, but it’s undermined by the individualism of capitalism.