https://panteracapital.com/blockchain-letter/emerging-catalysts-in-crypto/

#reads fundamentals investing

something about valuing influencer mcaps with supply * key price feels weird to me

can't put a finger on it, but i don't think that's the best way to value it

although, by mcap definitions it makes sense

source

#resource framework

source

growth parallels between crypto and equities

some stats on Arbitrum

source

The Inversion of the Web2 Business Model

Blockchain enforcement of scarcity is credible because violating protocol rules in a blockchain environment is incredibly costly. It is a massive coordination problem, essentially the same massive coordination problem that Web2 uses against us. But here it is used to create and sustain “the safety and liveness of complex systems of coordination and collaboration”, as Vitalik Buterin describes the goal of cryptoeconomics.

That is, whereas Web2 business models use network entrenchment to trap users, crypto uses it to entrench desirable rules. Web2 users who’d like to exit a Web2 social media platform face a massive coordination problem in that they must get all of their friends to switch too, and preferably at the same time. Web3 users can simply fork away the protocol, because that fork-ability is something we’ve enabled.

The utopians of the early internet believed that by ignoring scarcity you could create abundance. In the vacuum they left, there emerged extractive Web2 business models that sought to trap users, herding them into a pen and making them watch ads. But it has always been harnessing scarcity that creates abundance. And for the first time in the digital realm, we have it.

- source

reminder

https://twitter.com/retardedath/status/1701554358301737167?s=21&t=5n4MCeoKQLecC0pYHoPncQ

~same as what he said in korea

https://twitter.com/WuBlockchain/status/1701840261993877857

will start to slowly increase my exposure to friendtech by trying it out properly

you can find me @dpycm on ft

happy to chat w y’all there as well

let’s see how this goes

privileged to have sat in for one of the most stacked panels this week

from left to right:
Avery Ching (Co-Founder & CTO, APTOS)
Ed Felten (Co-Founder, Offchain Labs/ARBITRUM)
Ye Zhang (Co-Founder, Scroll)
Bryan Pellegrino (Co-Founder & CEO, LayerZero Labs)

not much actionable alpha, but it was nice listening to their thoughts

another impressive panel filled w VC founders

from left to right:
Ryan Kim (Co-Founder & Partner, HASHED)
Kelvin Koh (Co-Founder & CIO, Spartan Group)
Paul Veradittakit (Managing Partner, Pantera Capital)

key points from their panel (more applicable to startup founders) tldr;
- VCs are looking for more consumer apps
- get your company name out more to increase visibility
- VCs are receiving 10-20 deals a week, making it hard to vet them all. helping them do the foundational work will increase your chances (e.g. investment memo, product video, contrarian views are accepted as well)
- regulatory environment might seem uncertain/hostile rn, but VCs are confident that they will not be affected as they have been doing things by the book

Made it into a short thread for more visibility, appreciate any RTs!

https://x.com/dpycm/status/1701898819041149039?s=20