the easiest bull case for the broad proliferation of prediction markets is that they unlock a new killer business model for traditional media, an industry that’s spent 20 years struggling to monetize the internet once the old guard embeds markets into content and gets a taste for monetizing order flow, they're going t... Show more

this convo with abhay and austin was so good.. - digging into two wildly ambitious visions: "we're giving everyone a free phone plan" and "we're building a new internet" - what makes tokens valuable and why it isn't traditional fundamentals - why depin tokens have under performed and what people are missing - what the... Show more

$FUN pre-sale imminent pumped to have @adamdotfun.base.eth and @mattytokenomics joining us live from breakpoint on saturday to break it all down

if chain valuations do compress ascribing it to a return to fundamentals will miss the point it’ll be because their monetary premium is getting eroded by some combination of... - markets shifting to stablecoin denomination - abstracted consumer experiences reducing token affinity - app tokens outcompeting them for m... Show more

lotta skin in the game today on @11am

veryy fun one today digging into two novel applications and mechanisms for prediction markets fact machine is building opinion markets that let you bet on subjective consensus instead of objective truth hyperstitions is leaning into market manipulation as a feature and letting you bet on a system's ability to manufac... Show more

the internet is the ultimate accelerator, it’s just never been allowed to invest like one

confident prediction markets will prove to be a much better primitive for a new breakout social network than memecoin / token trades prediction markets have semantic content.. they carry meaning, information, and claims about the world. that alone will produce better posts, debates, identity formation, and signal. the... Show more

wonder what would happen if even a small percentage of the trillions of dollars returned to institutional LPs every decade went to the people of the internet instead guess we'll find out

hell of a show lined up for @11am today.. - hft / mm strategies, dex vs cex market structures, boostrapping new exchanges, perpification of everything with @annanay - algorithmic sports predictions, building collective intelligence machines, bittensor subnets with @lcnxyz - talking through the most important Crypt... Show more

funny how many people like to fight the revealed physics of crypto instead of asking why network tokens trade so high compared to trad valuation frameworks, they call for a return to fundamentals instead of exploring the second / third order effects of everything being tokenized, they call for less tokens instead of... Show more

as tokenization increases the % marketshare of new markets denominated in the L1 asset will decrease L1 asset monetary premium is open to competition bars from @jacob

a few of our big bets with @seedclub & @11am: - the people of the internet are becoming the most important capital allocators on earth - founders bringing believers on a wealth creation journey will become table stakes (if you don't someone else will) - transaction fees are a new killer business model for the internet... Show more