Bear markets are for writing, and I've decided to revive Open Alchemy starting with a very comprehensive long-form piece on where we are in crypto, what we've done right, and some theses about what's exciting moving forward.
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Saneel
@sanlsrni
interested in collective (super)intelligence, {private, verifiable} compute, and immortal institutions
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Same data as a bar chart
Binance market share continues to climb
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UPDATED: Spot and Derivative market share with CEX and DEX volumes, 2019 to present
Top 30 Exchanges as of Jan. 29 2023
Binance, OKEx and ByBit big winners in the post-FTX era
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The best performing digital asset over the past year saw its usage collapse last week.
And a single data point explains what happened.
What is it?
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This is a detailed functional Ethereum model including long-term roadmap items
Flexible to easily run any scenarios/timing (eg, when 4844, danksharding, rollup data compression rates, staking rates, fees, MEV burn, issuance, etc)
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Second is why DAO governance is amazingly slow and why we have BoD models in IRL corporate governance; I think on-chain governance converges on reflecting standard modes for corporate governance with additional shareholder capacity of managing bad principals (ie BoD)
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Since AI/ML is the new hot thing, I thought an introduction was due on how most modern ML systems work and why rapid progress may be a concern for those raised on shitcoins & the one minute chart as well as anyone else who’s interested but less informed.
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Tiny announced its IPO with a near $1 billion valuation.
I was the first employee.
Here’s what I learned:
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Likely the craziest, fascinating and oddly jovial/encouraging interviews I have read in recent history. and are always top of their class, but this one's special.
"I think the opportunities are always there."
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🚩🚩🚩
As of today Alkimiya does not have any plans for token launch. If you see anything claiming to be an Alkimiya token, it's a scam. Please be careful.
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3AC lads raising a 25m round to target a 20B claim market as GTM. Optimistically assuming they get 50% of that and charge the upper 50 bios, that’s 20B * 0.5 * .005 = 50m (2x round size, 4x round size if you assume they get it all). The real fraud here are these economics 😭
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Vine and it’s not even close
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you can resurrect one dead app
what are you bringing back?
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Alkimiya raises $7.2 million to build 'decentralized capital markets for blockspace'
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Schrödinger’s Investment: You can’t know if it’s correctly marked to market or if the old valuation still holds if no one looks too closely
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Are there good studies benchmarking collective decision making (polling, markets, etc.) against AI for the same task?
I found some papers from unanimous.ai synthesizing the two and some in PNAS out of MIT but curious
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Nobody has a harder name than Yves Saint Laurent
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Some of the worst news I could have woken up to this morning. TT was one of the most magnanimous, kindest and most dynamic individuals that I knew; he extended so much hospitality to me when I likely didn’t merit it and I always enjoyed talking with him. RIP, this is surreal
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So surreal, can’t believe this. Was chatting just a few days ago. To TT’s family and team, I wish you strength and closure.
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Have to give credit where credit is due… this is a great statement from JPM
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Based AOC moment
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VCs were impressed by Bronze III??
(no offense to bronze IIIs) twitter.com/firstadopter/s…
(no offense to bronze IIIs) twitter.com/firstadopter/s…10
During raising, @Leoanicca and I got so many questions from VCs on why we were building on DeFi rails over CeFi; we had a slew of business reasons (ie composability, better UX for target market) but we rarely felt we could get away with simply quoting transparency
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Ross Ulbricht is in jail.
Alexey Pertsev is in jail.
SBF is the subject of a puff piece about how he got a wee bit over his skis as he tried to save the world.
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Build a website that lets consenting adults buy recreational drugs = 2 life sentences + 15 years.
Build a website that steals $10 billion from innocent people = hugs with politicians and celebrity endorsements.
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Sequoias PR department has been in a nightmare for the past week
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“Don’t do scammy things. Even if it is technically legal. If it is scammy, it will set the industry back.”
—@SBF_FTX
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