Yitong

@yitong

420 Following

150252 Followers

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This is by far the weirdest crypto market i've been through. majors absolutely sending, yet startups dying all around me. my read of what's happening 1. Majors rally don't affect startup, only exchanges 2. No alts rally means no new tokens and no net new users 3. Memecoins as the dominant traded asset class for retail means that the ecosystem is dwindling as traders lose all their money to snipers & down-only tokens. 4. The "market" is now 100 whales, 10,000 tradeers, and 200 companies. Small markets with lots of capital means things are intensely PvP. 5. 2021 seeded founders are getting burned out from PvP in shrinking market.

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Excited to unveil what we’ve been cooking with the @worldcoin foundation over the last months: It’s a mini app, for real human voting in the World community. But it’s also so much more https://x.com/worldcoinfnd/status/1938630305734185303

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my career path 1) cashier at bakery 2) mechanic at bike shop 3) startup 1 (didn't work) 4) designer at agency 5) designer at coinbase 6) startup 2: agora.xyz

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I was skeptical about the whole "AI will mean everyone gets personal apps" narrative until @charliecf and I each built our own gym tracker apps in a few hours last weekend. I didn't even bother looking for the best app. Just vibe coded the one I wanted cause the dev time was negligible

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All social ills in this country can be traced back to the American Caste system: Top: Prop 13 home owners paying two bananas worth of prop tax / year Mid: Home owners who locked in 3% 30 years fixed mortgage Low: Renters Untouchables: 7% post ZIRP mortgage holders

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If you're interested in what the new reg changes mean for token launches, we're doing a little talk tomorrow with friends from @liquifi & Cooley! Join us to get the TL;DR of the 236 page CLARITY act :) https://lu.ma/y9cdgaom?tk=CTR1O9

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Can someone ELI5 why Jack is wrong? I love stablecoins, but am probably more aligned with Jack than its boosters right now. Feels like the excitement around stables today smells a lot like emperor has no clothes https://x.com/awxjack/status/1931239220204486879

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If you don’t like aspic you simply don’t know it’s already everywhere in stuff you like!

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my most controversial niche food opinion is that xiao long baos and pâte en croute are basically the same food: 1. a layer of dough wrapped around 2. ground meat 3. with aspic

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For startups, i've basically stopped believing in the traditional design interview loop. My dream design interview loop: 1. 30m portfolio review 2. Onsite to produce eng-ready mock in a tiny area Everything else is just noise. Bonus: pick anything in the app, ship 1 PR to make it nicer.

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i wish i could block Facebreaker notifications T_T it's getting quite spammy. i get the viral growth hustle, but need some way on the receiving user end to mute these

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Reflecting on my time at Coinbase as a designer: The most visible thing I did was redesigning app homepage + shipping a new redesigned mobile app. The most valuable thing I did was designing a settings screen for withdrawal limits & new fraud models. Many lessons from this.

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Little known fact is that the ARR of all SaaS companies serving the crypto market summed together is less than $100M 😂, especially when you exclude service revenue / implementation fees that many companies are lowkey misrepresenting. If you rolled all of them up, you'd have a single growth stage company lol. Fireblocks, Chainalysis being the notable exceptions because they serve instos and governments.

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Topics I'd love to see: 1. Where will value capture happen in stablecoin stack 2. End game of the block space wars 3. Cover Coinbase's strategy like Ben covers Facebook/Apple 4. Where project tokens are going 5. Revisiting RWAs with upcoming regulatory clarity 6. Where tokenized equities make sense, where they don't

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there's a great opportunity for a serious business strategy substack for crypto. likely $500k – 1M per year solopreneur business. the competition is so weak and there's so much green field you'd only need to be 70% as good as stratechery to kill it.

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has anyone made an aspic lately? weirdly into these right now and am looking for some recipes!

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the most important thing i've learned this year is that most startups only have one important problem to figure out at a time. instead of improving the all functions generally, as a founder, your job is to correctly identify that one problem, and relentlessly work on it until it's solved

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it's been amazing to watch Hester Peirce & the SEC staff share progress every Thursday like clockwork since january. i genuinely wake up every Thursday excited to see the federal government at work. unbelievable!

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i would loooove for people to start cafes specifically targeted towards working. have wifi. charge differently. embrace coworking and make it fun. guaranteed you can foster a great vibe if you lean into it

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gm – we're starting a dinner club! it's something i've always wanted to do for a long time, so it's amazing to finally get this out in the world! yes, i will print a custom menu every time. dm to join the next one! https://x.com/HOAonchain/status/1922397053260292135

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