foobar/
@0xfoobar
Founder @selvlabs
🧵On Privacy 🧵 You may have heard of TornadoCash, Monero, Zcash, Decred, or SecretNetwork. Sounds complex, fringe, and unnecessary. Are they truly private, do we even need privacy anyway?
Just like health requires stripping out almost all modern foods, there will be a clear intellectual gap between those who outsource their thinking to LLMs and those who do it the old-fashioned way
i do not understand the memecoin economy. trenchers are not producing income, how are they buying the memes? you can say oh they dump on followers and stream that but who is buying the frog wif hat except other trenchers ? where is the liquidity in this ecosystem?
i do not understand the fentanyl economy. crackheads are not producing income, how are they buying the fent? you can say oh they shoplift and sell that but who is buying the shoplifted Tide pods except other crackheads ? where is the liquidity in this ecosystem?
🚨JUST IN: IRS Special Agent George, tasked with tracing the Government's first witness' funds to Tornado Cash, testifies that he does not know what crypto[.]com is, doesn't know the difference between ERC-20 and ETH
much of modern protocol design consists of “can we trick people into launching a token” zora did this so effectively that they even tricked zachxbt into doing one. coinbase was so impressed they instantly built a whole app around them
PumpFun: a token launchpad that's also decentralized twitch The token: launched on centralized exchanges The founder: streaming on actual twitch
🚀 Clusters is now live on @MorphLayer! We’re proud to be the official nameservice for Morph’s consumer finance layer. Unite all your wallets under ONE name across chains. Morphers, it’s time to level up your onchain identity. Claim your name now - link below /👇
TradFi is tokenizing assets (putting stocks into token wrappers) while crypto, ever contrarian, has shifted its focus to un-tokenizing everything (putting tokens into stock wrappers)
They say crypto reinvents tradfi, but our OHM got to a 41x NAV premium while their version is stuck at 1.7x
AI has achieved human level intelligence and is now actively resigning from jobs
1/N I’m excited to share that our latest @OpenAI experimental reasoning LLM has achieved a longstanding grand challenge in AI: gold medal-level performance on the world’s most prestigious math competition—the International Math Olympiad (IMO).
People will literally buy a presale for a rugging-as-a-service platform built on the premise that presales are unfair, whose founder has publicly stated that he would never buy a presale, and get surprised when they get rugged
Math puzzle for you: A man creates a token for $0.00 He then sells the token for $0.04 He then buys the token for $0.06 He then sells the token for $0.05 How much money did he make?
Love that the legal future of constitutional privacy depends on a jury of New York City schizophrenics
Scoop: At Roman Storm's trial, jurors are crying and punching walls. One juror may have to be excused, but the court is concerned that others might follow. "Right now they're being fed with snacks, [...] we're trying to keep them happy."👇
Capital markets are fundamentally changing. Power law value accrual to top talent, less SaaS round stage progression, NBA-esque free agency
x.com/i/article/1944…
To state the obvious, products in crypto should be good enough that users should want / need to use it organically… somewhere along the way this was lost.
I always learn a lot more from in-depth analysis of few random cases over dashboards of aggregate statistics across all cases. Both projections can be helpful but the latter is disproportionately pervasive.