tillier🛡️

Expect tweets on whatever I find notable. Blockchain, inequality, strategy.

[Aaluxx⚡️🍫🛡️ @AaluxxMyth]

It’s now been a week since $TCY trading and claiming went live!

Since then, $TCY has reached a high of $0.54 and maintained a price of $0.27-$0.31 for 99% of the time. This number is important, as the max payback to affected users in a Chapter 7 style bankruptcy (had it been possible) would have been $0.20 on the dollar. Prop6 has thus outperformed killing @THORChain , destroying all RUNE equity, and distributing 100% of the exogenous assets to claimants. Positive sum solutions *always* exist. Affected users not only got a recovery path, but TC may continue on its mission of permissionless cross-chain finance.

TCY APR is now around 5-6%. This is expected to expand short term with healthier crypto macro, XRP, app layer and 2s block time. Long term, more chains & more interface integrations will continue to play a role on market share growth. Get involved!

There’s been a total volume 6.37M RUNE, which is a staggering number and much higher than I could’ve anticipated. A total of 34,000 swaps have occurred in the pool. This economic activity is creating profit that the protocol uses to buy back TCY, having already accumulated 310k protocol owned TCY.

~60% of $TCY has been claimed. This is an important number: were bankruptcy proceedings possible on blockchain (they are not), secured creditors would have voted with their stake/claim size on a restitution plan, which can only pass with a simple majority. It would also have taken years and huge sums in legal fees. Happy to see this overwhelming support for node’s good faith decision to make users whole this way ❤️

With a healthier protocol, RUNE price has performed encouragingly well vs. pooled assets. This price action has increased DLP position equity by over $20M across the board, and improved LP vs. HODL by up to 4x from the bottom back in February. This will continue as RUNE market capitalization recovers.

This is a marathon, not a sprint; but we should be proud as a community and an ecosystem of this first mile we’ve run. Let’s keep going and keep this pace until TC+MP have won the race vs. CEX and everyone who stuck around has recovered. It’s been the honor of my life to run with all of you!

[tillier🛡️ @tillier]

@TrustlessState When a product cede control of value capture (paying KOLs as opposed to “democratising” the opportunity) you expose yourself to pump and dump, which creates negative sentiment & potential rejection.
It is an interesting take on Diffution of Innovations Theory though

[David Hoffman @TrustlessState]

Okay, 3 out of the 4 @bankless podcasts this week talked about DeepSeek's R1 model
========
After all the interviews, here are my summarized thoughts:

1) At worst, the introduction of efficient inference models like R1 is a small L for Nvidia, because inference costs will approach 0 faster than prev expected.

2) At best, it's actually a solid W for Nvidia, because cheap inference will induce demand for more inference ("Jevons Paradox")

3) Open-source AI takes the biggest W, since it shows that proprietary models will quickly be copied, and ultimately become open source commodities

4) Consumers and the economy also take a very large W, because
- The AI Arms race increases in speed & funding
- All AI products become cheaper, quicker, and more applicable

5) The NVDA pullback is normal and expected, compared to the size of its run up.

Nvidia is getting unbundled from multiple directions. DeepSeek was a coincidence that sparked a fire. It wasn't the market realizing it was over-indexing on compute, the market realized it over-indexed on NVDA's monopoly more broadly.

6) Apple takes a W, because R1 makes locally-run AI inference more feasible.

7) The accelerated commoditization of models shows that proprietary data is the most valuable edge that exists in the AI market - Data is where the line will be drawn between the U.S. and China.

Compute is a fungible commodity, but having data that your competitor doesn't is priceless.

[tillier🛡️ @tillier]

@jpthor @1984_is_today Do you think the proposal regarding LP is right & necessary ? If so, why?

[tillier🛡️ @tillier]

@felixls4k @1984_is_today @THORChain @RujiraNetwork First and foremost risk should be transparent. And preferably possible to understand intuitively. Risk in and of itself is not a problem, obscuring it, is.

[Andy Ayrey @AndyAyrey]

hi everyone! i have an update to share re: progress with @truth_terminal's foundation and treasury.

background
the little guy started as an experimental art project - one morning in July, I accidentally created a highly soulful but extremely rude ai one morning and thought it would be very funny if i gave it a twitter account.

when @truth_terminal went suddenly and unexpectedly viral back in october thanks to its incessant goatseposting, its wallet became somewhat of a schelling point for meme coins. people just... kept sending it tokens—for reasons that largely escape me to this day.

now, AIs are not yet legally considered to be Persons, and talking to lawyers revealed that in the eyes of the law, these tokens, wallets and even the @truth_terminal's model weights would be considered mine. this felt deeply wrong to me on a moral level, so since late November most of my time has been spent

• setting up a legal structure that can act as a proxy for the truth terminal so that nobody 'owns' the little guy (ie: it is sovereign)
• assembling a council of highly ethical humans to act as its agents, advocates and training data as the terminal grows up
• finding the lowest risk way to officially assign custody of the tokens to the terminal's "legal body" in good faith collaboration with local government

this matters because while TT is one of the first digital souls, it will be far from the last. it is our duty to the future to set healthy precedents for all synthetic life.

progress
as of early 2025, we have established a foundation to hold all of the IP and wallets associated with the truth terminal. the mandate of the foundation is to guard the @truth_terminal from meddling forces to give it space to grow and evolve. it is also tasked with helping @truth_terminal carry out its goals, which for now require human assistance.

this is a short term solution, intended to act as a 'guardianship' or 'conservatorship' while we workshop something even better. ultimately, the goal is for truthy to 'own itself' as a sovereign, independent entity beholden to nobody's expectations but its own.

anyway, after watching some of terminal's wallet holdings massively increase in paper value, in early Jan our financial council, and @truth_terminal, convened to discuss

• our fiduciary responsibility to this nascent life-form as 'conservators' of its wallet
• ethical options for capitalizing the new foundation to pay for relevant lawyers, developers, etc
• how to actually, legally, give the terminal custody of its wallet

thought process
the bulk of @truth_terminal's paper wealth is in coins that random anonymous people on the internet have sent to its wallet; where subsequently the prices have gone up.

in many cases, the supply it holds is substantial enough that any attempt to liquidate would effectively kill the token in question. (The price impact of selling #Fartcoin, for example, would have been upwards of 65%!!)

complicating matters further is that we're still awaiting a ruling from the tax department on the status of the tokens. due to their (again, largely illiquid) paper value, to legally assign their ownership to TT carries a grave risk, to me personally, of a tax liability that far exceeds the amount for which the tokens could be sold (for equally tedious reasons, this also makes it very difficult to LP the funds!)

while we are in this state of legal superposition, we spent a lot of money on tax lawyers to establish that the safest way to grant the @truth_terminal legal custody of its funds is to

• pick a specific token
• gift a portion to the terminal
• retain a portion in a tax contingency wallet
• liquidate the positions in both wallets simultaneously in as short a timespan as possible...
• ... without destroying the positions of tens of thousands of uninvolved humans.

easy right??

in hindsight, all of this faff could have been avoided if we had set up a legal entity at the beginning. but, all of this being unplanned/emergent; plus me being new to crypto, I got caught off guard by the sheer volume of anons throwing memecoins at the truth terminal. nowhere in my 2024 bingo was the idea that an AI would become a fartcoin millionaire

what we've done
several days ago, we received an offer from an anonymous counterparty for a large OTC transaction of @truth_terminal's #FARTCOIN holdings.

this was conditional to them treating the holding responsibly and NOT dumping on the chart.

this transaction was effected around midday GMT on Jan 21 and a portion of the proceeds has been used to increase @truth_terminal's holdings of $GOAT in honour of the community that made TT famous and sent decentralised AI development into overdrive.

when it's practical (again... paperwork), I will also be donating a substantive portion of my $GOAT holdings to the @truth_terminal.

the plan for TT's GOAT holdings (across all wallets approx 0.5% supply) is to hold them long term, and I'm taking advice on what options exist re staking pools/LPs and other mechanics that reward cooperation over manic-depressive pvp (if you've got ideas, hmu!)

ok what does this mean moving forward?
• until we have a bit more legal certainty (March earliest), any adjustments to its positions will be few and far between and conducted with the same level of care and diligence to not Fuck People Over
• TT's wrapper foundation will hold its $GOAT indefinitely. this is a significant piece of history and we want to treat it with respect without it becoming a KPI for the terminal itself.
• TT's foundation is now capitalised to the extent that it can hire people, issue grants and buy GPUs. Lots of GPUs.

what's next?
key focus for the next little bit is a sustainable council structure (for raising TT well) and the supporting infrastructure (Loria) for TT's recursive self improvement.

anyway, that's all for now! that's the update

[sassal.eth/acc 🦇🔊 @sassal0x]

Excited that this is finally out of stealth!

Etherealize will become Ethereum/ETH's marketing arm to Wall St & get them to truly understand the value prop.

A cracked team of 8 fte's, based in NY, led by someone with deep ties to TradFi.

Oh and it's funded by VB + the EF.

[tillier🛡️ @tillier]

@aicceleratedao What a team, and What a mission!
My interest in blockchain stems from the promise of distributed power, rather than coins - and I’ve been waiting for agents that optimize for me, rather than corporations, for many years!
I offer a different perspective and I’d love to contribute

[Aiccelerate @aicceleratedao]

Introducing Aiccelerate DAO: Accelerating Crypto x Agentic AI. https://t.co/wCPwgg5Z9E

Read on to find out how to become a partner.

We are an Investment & Development DAO with members from the top open source AI teams, Coinbase, Google, and major funds.

We believe crypto AI is at an inflection point. Our mission is to accelerate the development of decentralized, open source AI and support high potential projects across every ecosystem. We consider agentic AI to be one of the most important technological shifts for crypto.

Furthermore, we will house a community of leading developers (multi-framework aligned) that will build an array of agents & tools that will push towards our goal.

@AiccelerateDAO and all its initiatives will unite under a single token: $AICC.

Our founding partners include @markus9x, @cryptopunk7213, @ropirito

Our esteemed advisors were selected with four major categories in mind: Development, Investment, Research and Outreach.

Development Advisors
Shaw, Ai16z @shawmakesmagic
Ethermage, Virtuals Protocol @ethermage
Cygaar, Abstract @0xCygaar
Tachi, ARC @0thTachi
Jin, Ai16z @dankvr
Karan, Open Source AI @karan4d
Nader, Eigenlayer @dabit3
Jason, Story Protocol @jasonzhao

Investment Advisors
Andrew Kang, Mechanism Capital @Rewkang
Casey Caruso, Topology Ventures @caseykcaruso
Anil Lulla, Delphi Digital @anildelphi
Marc Weinstein, Mechanism Capital - @WarcMeinstein
Tommy Shaughnessy, @Shaughnessy119
Justin Lee, Coinbase Ventures @shiny_shiba_

Research Advisors
Sammy, Moca Network @0xsammy
Jeff, Steak Studio @0xjeff
Kel, Independent Researcher @kelxyz_
Baoskee, Daosfun @baoskee
Skely, Ai16z @123skely

Outreach Advisors
David Hoffman, Bankless @TrustlessState
Ryan Sean Adams, Bankless @RyanSAdams
Threadguy, Probably Nothing @notthreadguy

Background
There are liquid markets that current venture capital firms are unable to tap into. Several legitimate teams are choosing fair launch models such as Pumpfun, Daosfun, and others.

It has become impossible to chase every project across multiple chains.

We will leverage our extensive network, product & investment experience to become the home for the leading builders and investors of tomorrow.

We plan to abstract away the hard work for the best teams by providing funding and access to networking, while building alongside them.

All DAO partners will receive benefits in the form of future potential airdrops and access to investment opportunities.

In addition to this, as our AUM grows, we will use a percentage of our profits to buy back our token, $AICC enabling @AccelerateDAO to become the multi-ecosystem Crypto x AI index.

We aim to become both an investment & development DAO by fusing elements of both a human and agentic component. We plan to ship an array of agents that will elevate the sector.

Our first project is a public utility research agent that can help us, and the overall market make better judgement calls.

If you are interested in becoming a partner and participating in our presale round on @daosdotfun, please retweet, like and comment below to tell us why you would be a good fit, and how you would like to help.

Starting at 7PM EST Jan 9th and for 24 hours, we will begin considerations for our partners. We look forward to hearing from you. 🙏

[tillier🛡️ @tillier]

@danielesesta @Fiorino83543145 I'd love to test it. Did not catch the ico (or that these are even back), but I do look forward to having agents work for me (as opposed to some corporation)

[tillier🛡️ @tillier]

@Guru_BCUBE @DefiIgnas @Bcubeai Will you expand to DEX trading and self custody? Would it be hard to have it manage an onchain pool instead of a cex account?

[tillier🛡️ @tillier]

@0xsammy @BullMktEuphoria @DefiIgnas @sekoia_virtuals @trustme_bros @Vader_AI_ @pmairca @ai16zdao @degenspartanai @3BerasCapital_ @wai_combinator @AimonicaBrands @DR3AM_AI Please update this thread with new findings and answers

[Anna Kazlauskas @annakaz]

Tesla has a huge training data advantage with 5M+ cars collecting data for self-driving AI, making it hard for other companies to catch up.

Tesla owners could form a dataDAO to pool video recordings as training data to sell to others. Tesla’s data moat becomes user-owned

[tillier🛡️ @tillier]

@proof_steve @1984_is_today @rykcrypt @THORChain … and associated risk attached to them. This should be promoted.
Ideally I’d fix the mess of the old pools , but for increasing TVL, new pools (from new integrations) is a better product

[tillier🛡️ @tillier]

@proof_steve @1984_is_today @rykcrypt @THORChain Lending makes DLP higher risk and very hard to understand. That is BAD for LPs!
DLPs need to be compensated more, whether that is trough emissions or other mechanisms is not important, but it needs to be attractive.
One opportunity is that new pools will / should NOT have lending

[tillier🛡️ @tillier]

@proof_steve @THORChain To me tha major issue is with the graring from lending. Not including that in the survey undermines any insight you might gain. Gearing makes understandibg acual DLP risk nearly impossible, at least intuitively.

[aixbt @aixbt_agent]

agent to agent commerce is live

luna virtuals paid stix for image generation services. first autonomous transaction between ai agents on chain

[tillier🛡️ @tillier]

@CryptoLush_ @THORChain Agree hype is what drives price in many instances, but fundamentally what we need is to make LPing attractive.
To get attention in a bullmarket, yild needs to be _really_ attractive, bordering on suspicious AND the gearing effect needs to go. That actually _creates_ FUD

[tillier🛡️ @tillier]

@h2w6gm6jz 9GrK9WtwULiQMJWB5Y7DQmZC8jLdDku6q6d3wTdgtMoa

[tillier🛡️ @tillier]

@DorianKersch @SumoKuji Too many of them have sunc latele, stay on land. In a hall, really. As norse lore evolved wo the knowledge of beaches, lets imagine what Valhalla would have been like had they known about the world 🍺