Tony Dean

Data @ Coinbase //
tweets are personal views only

[Tony Dean @realTonyDean]

@web4O @tednotlasso But not in this order

[Tony Dean @realTonyDean]

OH in NYC: "I need to marry the cash flow counterpart to my equity upside"

[Tony Dean @realTonyDean]

@ryancarson This will quickly expose how good or bad your data actually is. The UI is easy, fixing years of debt first is a grind

[Tony Dean @realTonyDean]

GM flesh puppets

[Apex @apex_ether]

Current vibes in the group chat

[Tony Dean @realTonyDean]

@apex_ether Happy father's day my dude

[Tony Dean @realTonyDean]

Duh

[Haseeb ＞|＜ @hosseeb]

Wait, so Zelle (which is owned by the big banks) is launching its own stablecoin?

Previously the banks were claiming that stablecoins would drain trillions in deposits and destroy community banks.

I guess they're OK with that so long as they're the ones doing it 🙃

[Tony Dean @realTonyDean]

@PelleB Would love to see a source for this, or just hear about the methodology that led to the 88% number

[Yuga Cohler @yugacohler]

Today, we're launching the @CoinbaseDev CLI and MCP server.

These tools give AI agents instant access to Coinbase's APIs for payments, trading, wallets, onchain data, and more.

Coding agents like Claude and Codex can now trivially integrate crypto's most trusted APIs. (1/3)

[Tony Dean @realTonyDean]

@tednotlasso @bk_moore Going apple picking

[Tony Dean @realTonyDean]

@comic @nic_carter a money market fund is not the same as a savings account

[twochanz @_twochanz]

i recreated apple's native clock app, but with a @tbpn theme. you can now truly start your day off in founder mode

download (link below) and look out for the alarm tomorrow at 11am

[Tony Dean @realTonyDean]

@tednotlasso @RobinhoodApp The ad spend is just that high

[Tony Dean @realTonyDean]

@cobie Innovation that excites

[Tony Dean @realTonyDean]

@tednotlasso The energy IS different, NYC has gravity

[Tony Dean @realTonyDean]

@tednotlasso We have many payment solutions as well Theodore...lets catch up sometime

[Tony Dean @realTonyDean]

I think Haseeb is correct, the experiment has been run and the results are in

[Haseeb ＞|＜ @hosseeb]

With all due respect to Chris, I completely disagree with this take.

Chris argues that "web3," particularly crypto-powered gaming and media, failed due to scams and regulation, and that better regulation will unlock these non-financial cases.

OK, think about this for a second.

Does this pass the smell test?

Do you think web3 gaming failed because of Gary Gensler? Do you think web3 media plays failed because the scammers crowded out the honest media innovators? Really?

If this is true, why didn't they kill financial crypto, which had WAY more of both? Financial use cases were right in the crosshairs of the regulatory harassment, and they also attracted way more scams.

Why shouldn't we instead accept the more obvious answer: non-financial use cases for crypto have failed because no one wants them.

Let's just admit it. They were bad products. They failed the market test. It was not Gensler or SBF or Terra that caused these things to fail, it was that no one wanted any of it. Pretending otherwise is cope.

Enormous sums of capital and talent explored these ideas, and we should acknowledge what we learned. That lesson is not "if we just had better laws, then finally people would finally be using decentralized Spotify" or whatever.

Call a spade a spade. Every single use case in crypto that has worked at scale has been financial in nature.

2008: Bitcoin - non-sovereign store of value
2014: Tether - stablecoins
2015: Ethereum - programmable money
2017: ICOs - capital formation
2018: Prediction markets (Augur, later Polymarket)
2020: DeFi - literally finance is in the name
2021: NFTs - non-fungible financial assets (to the extent they worked)
2024: RWAs (the year BUIDL took off)

All this stuff was adopted bottoms-up. We as investors discovered that people wanted to do these things with crypto. The web3 consumer stuff, on the other hand, was primarily conjured up by investors and pitch decks, ZIRP accelerationism, and "wouldn't it be crazy if" blog posts. This was the opposite of the "what smart people are doing on their weekends" thesis.

In fact, if you go back to the Ethereum white paper from 2014, almost every single Ethereum use case Vitalik describes is financial in nature: token issuance, stablecoins, derivatives, on-chain treasuries/DAOs, on-chain savings, insurance, price feeds, escrow, gambling, prediction markets. It's all in there.

This is nothing to be ashamed of. Finance is almost 10% of GDP. It's an enormous part of the world economy, and banks are some of the lowest NPS score companies in the world. People hate their banks and the outdated financial architectures their money runs on. It's literally why Bitcoin was created. There is so much to innovate in the realm of finance, and I truly believe we are only at the beginning of that displacement. You don't need to assume anything more to project the next 10x in crypto.

The old saying goes "crypto will do to finance what the Internet did to every other industry."

I respect Chris's optimism. But 18 years in, we should not be propagating this meme about consumer web3 use cases as though they're inevitable. If you are hanging around the rim hoping that crypto is going to disrupt media and gaming, you should know the history and look at it with clear eyes.

Now if you as a founder believe that despite that, you know the secret to cracking this market--I respect that, and I certainly don't begrudge anyone to follow their convictions.

But I think it's important that investors be honest that all the evidence points the other way.

[Apex @apex_ether]

Protocol usage for @Veildotcash has been consistently growing (slowly) for the last 3 months.

Higher volume, more addresses, new users and longer deposit times across all pools.

We are alive and well.

Unfortunately the $VEIL token doesn't reflect this due to market conditions but its a marathon not a sprint.

We ain't done yet and we ain't going anywhere.

[Tony Dean @realTonyDean]

It's perfect

[Tom Warren @tomwarren]

Anthropic just took a big swipe at OpenAI's decision to put ads in ChatGPT. Anthropic is airing ads mocking ChatGPT ads during the Super Bowl, and they're hilarious 😅 Anthropic is also committing to no ads in Claude https://t.co/LR1v4xz9ds

[Tony Dean @realTonyDean]

@apex_ether Confirmed, this guy exists

[Tony Dean @realTonyDean]

Holy wow time flies #MyXAnniversary