I hadn’t thought of this tbh, it’s honestly interesting but also kinda funny and only something a Kalshi lobbyist could’ve come up with
Like yeah I guess there are businesses that would be able to make better decisions if they can more accurately price sports outcomes. I now understand why they were pushing the “local bar offering free drinks if Knicks win and hedging on Kalshi” campaigns
https://x.com/johnarnold/status/2064866745387463125?s=46
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Monitoring the situation is prolly one of the more insidiously harmful memes
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You can easily convince yourself something is more important than it actually is by just moving to higher layers of abstraction
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The future is very bright for cryptocurrency and the onchain economy imo
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it's sort of crazy how many like black swan esque events crypto has rebounded from. mt gox, dao hack, covid, ftx. the hardest thing to actually defeat, more than any of these, is just apathy
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imo coinbase *should* compete with teams building on base if it makes sense to them. the purpose of the market is to spawn the best products for users via the force of competition, and if coinbase believes they can deliver a superior product then they should compete which will also force other competitors to step up. the concept of coordination via being nice is not really something people should expect, and arguably just leads to worse market outcomes if attempted.
in this specific instance i do not believe coinbase was fast following bankr's success, they've been building towards this agentic finance vision for a while, and simultaneously i also do not believe they are a threat to homegrown teams building on base that are closer to users. i'm skeptical the coinbase org is still a live player
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i like zora and think their new direction has potential. startups are challenging and companies should continue iterating as they climb through various minimas and maximas towards the goal of achieving pmf. speculating on trends is one of the few crypto market classes with proven pmf and consumer demand and winning it is a 100b+ opportunity that more teams should attempt to do