chainyoda
RT @lmrankhan: With the acquisition of Privy, it should be clear to everyone building their third AI clone startup that the real asymmetric opportunity lies in crypto, not AI
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Ansem 🐂🀄️
RT @based16z: My tweet style is informed by stats like these

https://t.co/2Tuw1nxKEi - 🐧 Pentoshi
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chainyoda
. @WalletConnect $WCT coded

VCs today: "Looking to invest in the next Privy" - Bruno F | Magna
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Michaël van de Poppe
The #Altcoins are giving it back slightly.

That's pretty normal, we've seen a tremendously positive day yesterday.

Given the current sentiment in the markets, it's likely that we're seeing some 'profit-taking' as there's still no bull sentiment.

Patience.
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toly 🇺🇸
RT @alessandrod: agave-io-uring finally landed in agave (link below).

Cleaning up accounts at startup goes from ~1 minute to 4s. Snapshot unpack is next.

We're sending startup time to 0 in 2.3 📉
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chainyoda
RT @blorkworks: first Stripe acquired bridge

Then stripe acquired privy

Both for supposedly 10figs at a low 8 arr

Guess who invested in both? Sequoia and Paradigm

Guess who invested in Stripe / have had board seats? Sequoia and Matt Huang (Paradigm)

Masterclass
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Ansem 🐂🀄️
RT @aeyakovenko: @defi_monk But how would solana stakers make any rev from a clob with a network extension?

Whoever can capture roi there can work on that product. No one is stopping them.
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Ansem 🐂🀄️
RT @defi_monk: They probably won’t make much initially. Can send them DA and settlement fees but yeah not sure if those margins would be great right off the bat.

But if your perspective is to maximize profit for the validators atp it probably will directly conflict with the ability to build a competitive CLOB when maker costs on other chains will be close to zero.

I’m moreso thinking you retain eco CLOB builders on network extensions, and once you scale Solana mainnet to meet their demands, it will be easier to get them to migrate back onto mainnet with their existing brand and userbase, even if they have to redesign their protocol. Having a network extension w a competitive CLOB for now is better than not having one at all while you ship L1 upgrades.
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Ansem 🐂🀄️
RT @aeyakovenko: @defi_monk Unless it’s maximizing rev for validators it’s not a clob that is on solana, it’s in fact another competitor. Why would I work on a competitor instead of making my product better?
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Ansem 🐂🀄️
RT @defi_monk: Hmm I guess if you hold that view it’s hard to argue with.

But if there are use cases that work better on a Solana rollup, why not have them build out a net new use case while still paying you for DA and being one quick fast finality bridge away for mainnet users?

You won’t devolve into Ethereum if your L1 can still support 99% of other apps.
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Ansem 🐂🀄️
RT @iurage7: @defi_monk @aeyakovenko @bulletxyz_ will consume a significant amount of Solana’s throughout (could be 10%+) if they capture any meaningful share from hyperliquid

that’s a huge net win for the Solana eco
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Ansem 🐂🀄️
RT @Tristan0x: @iurage7 @defi_monk @aeyakovenko @bulletxyz_ Exactly, building a dominant perps dex would be nothing but net good for Solana
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Ansem 🐂🀄️
RT @aeyakovenko: Top 10% of txs generate 90% of the rev. Since any da txs have zero contention they will be at the bottom of the blocks at the lowest priority.

L1 has to increase blockspace to keep it this way, or all the other apps will leave. No app wants to pay higher fees because of some other apps congestion. So basically, da will always pay bottom of the block pricing.

We need to make the top of the block attractive for the most value lucrative use cases.
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Ansem 🐂🀄️
RT @Tristan0x: I definitely see your argument re not leaking REV and internalising the most valuable transactions. But I think a few important practical realities are missed:

1. Having an actual best in class perps dex would drive demand to Solana that isn't currently being serviced. Traders today are literally bridging to HL instead because the current alternatives on Solana don't cut it (look at Defillama). To me that is massive value leakage to Solana that could be captured almost immediately (mindshare, users, new assets amongst other things)
2. Congestion - it is quite literally the scariest thing to run an exchange with significant OI when you cannot close or liquidate positions due to transactions not landing, or even landing a few slots late. Exchanges can go bankrupt if they cannot execute during black swan moves. Traders need lowest possible jitter on order placement latency. HL had zero perf degradation during major launches like TRUMP. How do you achieve this when your noisy neighbour is pumpfun (local fee markets, but they are not perfect in practice)
3. Priority fees are a huge pain in the ass for traders, especially market makers. Not only do they have to pay base fees for every one of the millions of place/cancel txs (which eats into their pnl), but they have to bid up the prio fee markets just to get included on time sensitive trades or liquidations. Everything becomes an auction and you lose real time price discovery. I think this is a bug not a feature for real time trading apps.
4. L1 blockspace != L2 blockspace. A rollup could theoretically process an order of magnitude more CUs and cram that into its blob. That "off the L1" compute would never necessarily exist on the L1 anyway (case in point lack of perps trading activity). Similar argument for state compression, the L1 can be better used for storing proofs than raw data. 90%+ of exchange messaging is just replacing orders i.e. no state transitions/trades.
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Willy Woo
RT @woonomic: @maxkeiser BTC Maxis are people who see BTC as a near perfect monetary commodity.

They also see "crypto" as different - a mix of scams, grifts, and some productive apps and application execution layers that will capture a small amount of value relative to all the money in the world.
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Ansem 🐂🀄️
RT @oku_yungx: Call your father. He is the cause of your existence.

I need a man that can send me 500k for just existing 😭 - anna 💋
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jesse.base.eth
huge congrats to privy and stripe

so grateful for all the years building together — and the even better ones ahead of us

still day one

1/ Today, we're proud to announce that Stripe is acquiring Privy.

We couldn’t be more excited.

Privy will continue as an independent product – but now we’ll move faster, ship more, and serve you even better, so you can stay focused on your users. https://t.co/8CHJqhqYy7 - Privy
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Ansem 🐂🀄️
this + @goodalexander 's AI accelerated doom loop is quite worrying

it seems like all of the mega corps & govts are trapped + incentivized to strengthen this trend or else economies based on overconsumption unwind

what are the forces counterbalancing this?

loneliness epidemic, mental health decline, porn addiction, drastically reduced alcohol consumption, malls and events venues shutting down, increased global unrest, reduced birth rates / dating, these are all not individual problems but symptoms of a far larger one - loomdart - Holy War Arc
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chainyoda
RT @solidintel_x: INTEL: Traders increase bets on a Fed rate cut starting in September following CPI data
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