Roan

playing the positive sum game

[Roan @roan0x1]

@binji_x cinematic

[binji @binji_x]

i work for ethereum at the ethereum foundation now.

more soon.

[Startup Archive @StartupArchive_]

Doug Leone: “If you’re desperate, it’s a great asset”

The Sequoia partner is asked what he looks for in entrepreneurs. He responds:

“I think entrepreneurs—like investors—come in different flavors. And I will tell you, as I told my kids, that if you’re desperate, it’s a great asset. If you have too many choices in life, it clouds your thinking. When you have only one way to go and that’s forward, it’s very easy. You just go, go, go. Failure is truly not an option.”

Doug and Sequoia look for people who’ve done quirky things and taken risks rather than “followed the same tracks” as everyone else. They also look for domain expertise and people who are solving their own problem.

For example, when Jan Koum had a need for privacy and low cost messaging, he built WhatsApp.

“Or something as simple as Zappos,” Doug continues. “The founders of Zappos couldn’t find a pair of shoes! We look for people who are trying to solve problems that they themselves have.”

Video source: @StanfordGSB (2014)

[LTR @0xLTR]

https://t.co/mpvPuax4On

[caitlin @caitlinxyz]

1/ When we led Privy’s Series A in 2023, one thing came up again and again: customers didn’t just love the product – they loved Henri, Asta, Max, and team.

Huge congrats to them today as they announce Stripe will acquire Privy. Hard to imagine a more deserving team.

[Tanay Ved 🌊 @TanayVed]

How stablecoin usage varies across chains ⛓️

• Ethereum = lower frequency, higher value
• Solana = high frequency, low value

Base and Tron fall somewhere in between, but Tron (mostly $USDT driven) has a higher volume and tx size than Base, which is mostly $USDC dominated.

[Matt Huang @matthuang]

@pitdesi

[du @thedulab]

You want to get to a point where you're so into something in your life, that other people's behaviors no longer even register in your mind

Someone randomly blocks, ghosts, or says something weird to you, literally who cares. You raise your eyebrow for a split second, then never consider it ever again

Someone bumps into, stands in front of, or inconveniences you, simply not a problem. You don't even look at them and have no idea what or if they said anything. You just keep walking ahead

It's all completely unforced. You're not trying to be unbothered. It's merely a natural side effect of having a way more meaningful object of fixation to nourish and satiate all of your stores of mental energy

Never seen a respectable individual who loved who they are and where they're headed ever let an external annoyance one shot them out of that vibration

The thoughts in your brain are the safe space and you have no interest in inviting junk in without your permission

[Will Manidis @WillManidis]

very clear that being great is downstream of obsessive experimentation

every top guy i've met across fields has this mindset. endless tweaking and play, a clockmakers understanding of the system. never trusting consensus until they re-engineer it themselves.

[Roan @roan0x1]

RT @JoshuaKushner: always swim your own race. always try to get your best time.

[Roan @roan0x1]

Eager to see if this holds once txn count increases

[Dan Smith @smyyguy]

The most interesting thing about Solana's REV highs is that tx count is ~flat, meaning user's are outbidding each other for contentious transactions.

While this drives the average transaction fee higher, the explosion in demand for state has not impacted global transaction fees. Median fee has been flat at $0.0015 for months, preserving UX for other users

For example, degens trading memecoins isn’t impacting the cost for you to send USDC to a friend

Fee isolation plays a critical role in scaling

[Naval @naval]

The self is just a thought.

[toly 🇺🇸 @toly]

@cyber_hokie @wmougayar @ethereum @KyleSamani @solana I don't think settlement of value is the ultimate killer use case. Price discovery is more important, and for that you need the biggest fastest state machine you can build.

[Kyle Harrison @kwharrison13]

PayPal Mafia culture -- as explained by the people who lived it:

1. Extreme Focus
2. Dedication to individual accomplishment
3. Refusal to accept constraints, external or internal
4. Radical transparency on metrics
5. Meritocratic opportunity
6. Vigorous Debate

[Roan @roan0x1]

@keoneHD @santiagoroel

[mert @mert]

the big news is here

today we're introducing ZK compression to Solana, directly on the L1 — without requiring L2s

this changes everything you thought you knew about Solana and scaling L1s

TL;DR — we compress onchain state to get 10,000x scale improvements and get 1 step closer to building The Financial Computer — an unstoppable, global, atomic state machine syncing at the speed of light

for non-technical folks
developers can now build and scale literally anything they want directly on Solana without needing to leave it

example cost difference
take an airdrop to 1,000,000 users

this today would cost over $260,000 for state alone

now, it's $50 — 5,200x cheaper

but a token account is just one example of this — *everything* on Solana is an account, meaning everything can be scaled

for technical folks
there are two costs on Solana — compute and state

Solana already has cheap compute — but state is expensive

allocating accounts, paying rent, and scaling with users have all been shown to be a massive roadblock for Solana devs

this is now fixed

and if you're a bit more technical, you'll know that state-growth is a major issue for scaling blockchains

well...with this you can compress all Solana state!

and this has further implications for hardware requirements and the overall performance of the entire network

this is just Day 1, there will be challenges of course (and we will overcome them, as we have done before)

you combine this, add in firedancer, multiple concurrent leaders, async execution and an ecosystem of thousands of insanely cracked devs — and we have a real shot at this crypto thing

accelerate

[John Collison @collision]

As you become an adult, you realize that things around you weren't just always there; people made them happen. But only recently have I started to internalize how much tenacity *everything* requires. That hotel, that park, that railway. The world is a museum of passion projects.

[Garry Tan @garrytan]

The whole point of working is to turn the non-consensus into the consensus

The downside to success in that endeavor is that then people forget how non-consensus it was in the first place

[Kun @0x_Kun]

There is the art and science of investing

This guide "How to Make Money in Crypto Without Gambling Risks" puts together both the psychological and action steps that people can mould into their framework for thinking about crypto investing

A big thankyou to my friend Drew @ahmcinnes for making and putting this together - I really enjoyed chatting with Drew and we both hope you get alot of value out of it

Youtube audio link and edited transcript attached below

https://t.co/fAmhZ6W4Qz

https://t.co/tfz5iX1YLd