Hobart
@starkandlime
ex @anchorage lending, ex @starkware Founder: Lygos Financial
Sydney Sweeney just soft launched her new boyfriend. He was 70 LTV and non-custodial. She calls it love, we call it Lygos
Genuinely if this ever goes through your head you should seppuku
it was always "I don't have enough BTC" now it's "I don't have enough sBTC"
A lender rumored insolvent in ‘23 is now handing out “interest-free loans” to Bitcoiners who post absurd collateral. That’s not borrowing. That’s a loan. Blockfi, Celsius, Genesis and the 23’ market is calling.
Bitcoin yield usually comes from 1. Uncollaterized loans to market makers 2. Loans to miners who produce "bitcoin" and thus are well positioned to have it as a liability. Borrowing Bitcoin is a "short" position. Very low demand. Staking yield? Currently a mermaid.
What are the most ambitious infrastructure projects by bitcoiners which require financing? (Not including mining sites) cc @wsfoxley - I'm thinking @JessePeltan trying to build a Type 1 Civilization - @PubKey with a bar - @PlanBElsalvador with Volcano bonds
This weekend I witnessed a @wesleyan_u alum ($75k/year school) dump full limes in the blender while trying make a margarita.
Bitcoin really only has bilateral constructs. Bilateral constructs are for institutions, no retail. @tdryja pointed this out from day 1! If I could have started a retail biz I would have, but bitcoins not designed for that.
The Lightning Network does not scale. This is why everyone is building fake centralized hybrid Lightning bullshit and using custodial apps. There are many reasons for this, here are some. Liquidity - Each channel requires funding, twice. That capital is frozen until you…
People say nothing in wrestling/grappling is new, it’s just back in style; I think that’s mostly true. But I really wonder how many hundreds of years? you have to go back to find someone who wrestled and changed the sport like Ben Askren. Happy birthday! GWS!
This is the first time I saw Ben Askren wrestle. The big fro and the crazy technique were pretty mind blowing to witness. Knowing the dominance both Jake Herbert and Ben showed that year, it's hard to imagine a bonus point win for either. But that's exactly what Ben did.…
The extent to which Bitcoin Twitter is being targeted by scams is insane. Follow @stacyherbert , @dotkrueger & immediately fake accounts try and follow me. 🤯
Steller’s sea cows—whale-sized manatees that once drifted through Pacific kelp forests—were hunted to extinction within 27 years of discovery. Genomic recovery is making rewilding possible. Bitcoiners: your legacy can be this… or another $4B paper bitcoin fund. You pick.
There are insane parallels to Greyscale BTC trade that downed @zhusu & 3AC in the market, right now. Less downright fraudulent, but potentially even more potent ways to lose your bitcoin.
We're drunk on our stupidity, again. Bribing founders with homes? Free secondaries as % of investment? Celebrating founders who leave the team out to dry? Counting GMV, bookings, distribution contracts, and equity raised as "ARR"? Manufacturing positive GM by burying COGS?…
Pitch decks feel like a formality. A single nuanced conversation; where you show you understand what matters outshines everything else.