Bitcoinโs execution layer.
Increasingly convinced that there will likely be one main execution layer for Bitcoin. Game theory of staking dynamics, combined with liquidity concentration, points to this.
Staking dynamics: Ethereum has one major source of low-risk yield: the consensus yield. Even though you could earn higher-risk, higher-return yield elsewhere, most capital goes to the lowest-risk option: the effective ETH fed rate. Multiple on-chain Bitcoin yield options would converge on the lowest-risk yield that is meaningful enough. Offering higher yield with added risk canโt lure that capital away. The Bitcoin layer that can offer the effective BTC fed rate yield at scale is the one with the largest market cap and economy size.
Liquidity concentration: We saw this with Solana vs. Ethereum L2s. A single execution chain offers better UX, and everyone benefits from concentrated liquidity rather than fragmented liquidity and assets spread across multiple L2s (the various Ethereum ones).
We can try to put a valuation framework for what Bitcoinโs execution layer should be worth (an exercise for another post). Right now, Iโm just making the point that the probability of getting N different execution layers is very low (unstable equilibrium and bad UX for users). Either one major execution layer exists where, say, 10-30% of BTC supply is actively deployed, or Bitcoin remains a passive asset.
Iโm an optimist by nature; I believe that weโll get one major Bitcoin execution layer.
๋์์ธ์ฌ์ด๋๋ 20์ผ ๊ฐ์ ์ฑ๋ฆฐ์ง ์์ํฉ๋๋ค.
ํ์ผ 20์ผ, ํ๋ฃจ์ ํ๋์ฉ ๋์๋ฅผ ๋ฐ๊พธ๊ณ ๋งค์ผ ๊ณต๊ฐํฉ๋๋ค.
โจ๋ชป ์งํค๋ฉด ๋ค์ ๋ ์ฌ๊ณผ๋ฌธ ์ฐ๊ณ ์ฉ๋๋ค. (์ผ๋จ KFC๊ฐ ๊ฐ์ด ์ด์ฃผ๊ธฐ๋ก ํจ, ๋ค๋ฅธ ํํธ๋๋ ํ์์
๋๋ค)
Tibo@thsottiauxOct 4United States
United StatesConnected via WebAccount-level information, not a live location or per-post device.
Over the next 28 days, each day weโll either ship one thing that is a clear improvement and relevant for most codex/work users or ship a full reset. Let the improvements begin.
๐ @0G_labs ์ @michaelh_0g x ๋ถ๊ฐ๋ฏธ AMA ๋ฆฌ์บก ํบ์๋ณด๊ธฐ
์ด์ 0G ๊ณต๋์ฐฝ์
์ Michael Heinrich x ๋ถ๊ฐ๋ฏธ๋๊ณผ ํจ๊ป 0G, Private Computer, Infinite AI๋ฅผ ์ฃผ์ ๋ก AMA๊ฐ ์งํ๋๋๋ฐ์. ํต์ฌ ๋ด์ฉ์ ์ ๋ฆฌํด๋ดค์ต๋๋ค!
1๏ธโฃ 0G๋ ์ด๋ค ํ๋ก์ ํธ์ผ๊น?
0G๋ AI ๋ชจ๋ธ๊ณผ ์์ด์ ํธ๊ฐ ๋ฐ์ดํฐ๋ฅผ ์ ์ฅํ๊ณ , ์ฐ์ฐํ๊ณ , ๊ฒฐ๊ณผ๋ฅผ ๊ฒ์ฆํ ์ ์๋๋ก ๊ธฐ๋ฐ ์์ค์ ์ ๊ณตํ๋ ํ๋ก์ ํธ.
2๏ธโฃ Private Computer๋?
์ฌ๋ฌ AI ๋ชจ๋ธ์ ํ๊ณณ์์ ์ฌ์ฉํ ์ ์๋ 0G์ AI ํ๋ซํผ์
๋๋ค.
๊ฐ์ฅ ํฐ ํน์ง์ ์ฌ์ฉ์์ ์ง๋ฌธ๊ณผ AI ๋ต๋ณ์ ์ ์ฅํ์ง ์์์ 0G๋ ์ปดํจํธ ์ ๊ณต์๋ ์ฌ์ฉ์์ ์
๋ ฅ ๋ด์ฉ์ ๋ณผ ์ ์๋ค๋
3๏ธโฃ Infinite AI๋ ๋ฌด์์ผ๊น?
Infinite AI๋ 0G๋ฅผ ์คํ
์ดํนํ๋ฉด์ ํ ํฐ ๋ณด์ ๋์ ์ค์ AI ์ฌ์ฉ์ ํ์ํ ์ฐ์ฐ ํฌ๋ ๋ง์ ๋ฐ์ ์ ์๋๋ก ๋ง๋ ๊ตฌ์กฐ์
๋๋ค.
4๏ธโฃ 0G ์คํ
์ดํน
1. ์ ๋์ฑ ์คํ
์ดํน ํ ํฐ a0G ์๋ น
2. a0G๋ฅผ ๋ด๋ณด๋ก iAI ๋ฏผํ
3. iAI ์คํ
์ดํน
4. ๋งค์ผ AI ์ฐ์ฐ ํฌ๋ ๋ง ์๋ น
5. Infinite AI์ 0G ํ ํฐ์ ๊ด๊ณ
Infinite AI๋ฅผ ์ด์ฉํ๋ ค๋ฉด ๋จผ์ 0G๋ฅผ ์คํ
์ดํนํด a0G๋ฅผ ๋ง๋ค๊ณ , ์ด๋ฅผ ๋ด๋ณด๋ก iAI๋ฅผ ๋ฏผํ
ํด์ผ ํฉ๋๋ค.
์ฆ AI ์ฐ์ฐ ํฌ๋ ๋ง์ ๋ํ ์์๊ฐ ๋์ด๋ ์๋ก 0G๋ฅผ ์คํ
์ดํนํ๊ณ ๋ด๋ณด๋ก ๋ฌถ์ผ๋ ค๋ ์์๋ ํจ๊ป ์๊ธธ ์ ์๋ ๊ตฌ์กฐ์์.
5๏ธโฃ ์์ผ๋ก 0G์ ๋ก๋๋งต
โข ๋ฉ์ธ๋ท ์ด์๊ณผ ์ธํ๋ผ ์์ ํ
โข Infinite AI์ Private Compute ํ์ฅ
โข ์ง์ AI ๋ชจ๋ธ ๋ฐ ์ปดํจํธ ๊ณต๊ธ ํ๋
โข ์จ์ฒด์ธ AI ์์ด์ ํธ ์ํ๊ณ ๊ตฌ์ถ
โข ๊ธ๋ก๋ฒ ํ์ฅ๊ณผ ์จ์ฒด์ธ AI ๋์คํ
* ๊ฐ์ฅ ํฅ๋ฏธ๋ก์ ๋ ์ ์, ์ฐ์ฐ ์ถ๋ก ๋ฅ๋ ฅ์ ๊ฑฐ๋ํ ์ ์๊ฒ ์ฐ๊ฒฐํ๊ฒ ๋ค๋ ์ ์ด์๋ ๊ฒ.
์ค๋๋ง์ ์ฐพ์์จ 0G ์์ AMA! xitter.cf/i/broadcasts/1RKjpbZVvโฆ
์ผ๋ฐ์ ์ธ ๋ก๋ด ๋ฐ๋ํ์์ ๋นํ๋ฆญ ๋ถํ
๋ฆฐ์ ์์์ ๋ง๋ฌ์ด์. ์ข ๋ ํ
์คํ ์คํ
๋ก ํฅ์ด ํ๊ธฐ๋ ๋ชจ์ต์ธ๋ฐ, ๋นํ๋ฆญ์ ์ฒ์ ๋ณธ์ง๋ ์ด์ 10๋
์ด ๋ค ๋์ด๊ฐ๋ ๊ทธ๋ด๋งํ๋ค์.
ํ์ค์ํ๊ฐ ์ฐ๋ฆฌ ์์์๋ง ๊ฐํ ์๋ฆฌ๋ ์๋์ด์ ๋คํ์ด์์.
ํ๋ผ์ด๋น ์ปดํจํ
- AI์๊ฒ ๋ง ๋ชปํ ๊ณ ๋ฏผ์ ํธ์ด๋๋๋ค๋ฉด? (feat. 0g)
ํน์... >//<
AIํํ
๋ฌผ์ด๋ณด๊ธฐ ์ข ๊ป๋ฆ์นํ๊ฑฐ๋ ๋ฏผ๋งํ ์ง๋ฌธ์ ํด์ผ ํ ๋๊ฐ ์์ผ์
จ๋์?
๊ทธ๋ด ๋ ๋ด ๋ํ๋ฅผ ์๋ฌด๋ ๋ชป ๋ณด๋ AI๊ฐ ์๋ค๋ฉด ์ฐธ ์ข์ ํ
๋ฐ ๋ง์ด์ฃ ๐๐๐
0G Private Computer๋ ์ผ๋ถ ๋ชจ๋ธ์ ํธ์ถํ ๋ TEE(ํ๋์จ์ด ๊ฒฉ๋ฆฌ) + ์ข
๋จ ๊ฐ ์ํธํ + ๋ฐ์ดํฐ ๋ฌด๋ณด๊ด์ ๊ฒฐํฉํ ํ๋ผ์ด๋น ๋ชจ๋๋ฅผ ์ง์ํฉ๋๋ค.
์ด ๋ชจ๋์์๋ 0G๋, ๋ชจ๋ธ ์ ๊ณต์๋ ๋ด ๋ํ ๋ด์ฉ์ ๋ณผ ์ ์๊ฒ ๋๋๋ฐ, ์ด๊ฒ ์ผ๋ฐ์ ์ธ ์ํฌ๋ฆฟ ๋ชจ๋ ๊ฐ์ ๋จ์ํ ๊ฐ๋
์ด ์๋๋ผ, ์ค์ ๋ก ํ๋์จ์ด ์ฆ๋ช
์ ํตํด ํ๋ผ์ด๋ฒ์๊ฐ ์ง์ผ์ก๋ค๋ ๊ฒ์ ๊ฒ์ฆํ ์ ์๊ฒ ๋๋ค๋ ์ ์์ ํฐ ๊ฐ์ ์ด ์์ด์.
๊ผญ ๋ฏผ๋งํ ์ง๋ฌธ์ด ์๋๋๋ผ๋, ๊ฐ์ธ์ ๋ณด๊ฐ ๋ค์ด๊ฐ ์๋ด์ด๋ ์ ์ถ๋๋ฉด ์ ๋๋ ๋๋ฐ ์์ดํ
์์ด๋์์ด์
์ฒ๋ผ ํ๋ผ์ด๋ฒ์๊ฐ ์ค์ํ ์๊ฐ์ ์ข์ ๋์์ด ๋ ์ ์๋ ํ๋ผ์ด๋ฒ์ ์ปดํจํ
์ญ์ ์์ผ๋ก ๊ณ์ ์ฃผ๋ชฉ๋ฐ์ ์๋ฐ์ ์๋ ๋ถ์ผ์ค ํ๋๊ฐ ์๋๊ฐ.
์๋ก์ด ๋ชจ๋ธ ๋ง์ด๋ง์ด ์จ๋ณด๋ฉ ํด๋ฌ๋ผ๊ณ ํด์ฃผ์ธ์
๐ @michaelh_0g ์ฌ์ฅ๋๊ณผ ํจ๊ปํ๋ @0G_labs AMA!
์ด๋ฒ AMA์์๋ 0G Co-Founder Michael Heinrich์ ํจ๊ป 0G - IAI ์ ์ฐ๊ด์ฑ ์์ฃผ๋ก ํ๋ณผ ์์ ์
๋๋ค. ๊ฐ๊ฒฉ์ด ๋ง์ด ์ฌ๋ผ์ ๊ฐ๊ฟ
โ๏ธ ์ฅ์ : ๋ถ๊ฐ๋ฏธ ํธ์ํฐ ์คํธ๋ฆฌ๋ฐ
๐ ์ผ์ : 10์ 15์ผ (๋ชฉ) ์คํ 8์ KST
โ๏ธ AMA ์ฐธ์ฌ๋ฐฉ๋ฒ
๋ถ๊ฐ๋ฏธ Crypto ์ฑ๋ ์
์ฅ : t.me/fireant_crypto
๋ถ๊ฐ๋ฏธ ํธ์ํฐ ํ๋ก์ฐ : xitter.cf/fireant_korea
๋ถ๊ฐ๋ฏธ ์ ํ๋ธ ๊ตฌ๋
: youtube.com/@FIREANTCRYPTO
๐ฅ AMA ๋ฆฌ์๋
1. 3๋ง์ ์๋น์ ๋ฆฌ์๋ x 5 ๋ช
2. 5์ฒ์ ์๋น์ ๋ฆฌ์๋ x 100๋ช
3. ๋ฉ๊ฐ์ปคํผ x 400๋ช
* ๋ถ๊ฐ๋ฏธ ๋ณธ์ธ์ 0G ์ฝ์ธ์ ๋ณด์ ํ๊ณ ์์ต๋๋ค.
๐ @michaelh_0g ์ฌ์ฅ๋๊ณผ ํจ๊ปํ๋ @0G_labs AMA!
์ด๋ฒ AMA์์๋ 0G Co-Founder Michael Heinrich์ ํจ๊ป 0G - IAI ์ ์ฐ๊ด์ฑ ์์ฃผ๋ก ํ๋ณผ ์์ ์
๋๋ค. ๊ฐ๊ฒฉ์ด ๋ง์ด ์ฌ๋ผ์ ๊ฐ๊ฟ
โ๏ธ ์ฅ์ : ๋ถ๊ฐ๋ฏธ ํธ์ํฐ ์คํธ๋ฆฌ๋ฐ
๐ ์ผ์ : 10์ 15์ผ (๋ชฉ) ์คํ 8์ KST
โ๏ธ AMA ์ฐธ์ฌ๋ฐฉ๋ฒ
๋ถ๊ฐ๋ฏธ Crypto ์ฑ๋ ์
์ฅ : t.me/fireant_crypto
๋ถ๊ฐ๋ฏธ ํธ์ํฐ ํ๋ก์ฐ : xitter.cf/fireant_korea
๋ถ๊ฐ๋ฏธ ์ ํ๋ธ ๊ตฌ๋
: youtube.com/@FIREANTCRYPTO
๐ฅ AMA ๋ฆฌ์๋
1. 3๋ง์ ์๋น์ ๋ฆฌ์๋ x 5 ๋ช
2. 5์ฒ์ ์๋น์ ๋ฆฌ์๋ x 100๋ช
3. ๋ฉ๊ฐ์ปคํผ x 400๋ช
* ๋ถ๊ฐ๋ฏธ ๋ณธ์ธ์ 0G ์ฝ์ธ์ ๋ณด์ ํ๊ณ ์์ต๋๋ค.
๐ค Made with AI
claude.ai/artifact/BsbxXF4cxโฆ
UI ์คํ์ผ ๊ฐค๋ฌ๋ฆฌ
๋ช๊ตฐ๋ฐ ์์ค์์ ๋ค ๊ฐ์ ธ์์ ๋ง๋ค์ด๋ด
์ด๊ฑฐ ๋ง๊ณ ๋ ๋ง์๊ฑฐ๊ธด ํ๋ฐ
๋ญ ์ผ๋จ ์ฐธ๊ณ ํ์ค ๋ถ๋ค์ ์ฐธ๊ณ
๐ ๋ด์ผ๋ถํฐ ์ฝ์ธ๊ณผ์ธ์ ์ ์์๊ฐ ๋ณธ๊ฒฉ์ ์ผ๋ก ์์๋ฉ๋๋ค.
์ด ๋ค๊ณณ์ ์ฃผ์ ๊ฑฐ์ ์ ๊ธฐ์ค์ผ๋ก ํธ๋ญ์์์ 1์ธ์์๊ฐ ์งํ๋ฉ๋๋ค.
- DMC : ๋ฐฉ์ก์ฌ๋ค ๋ชจ์ฌ์๋ ๊ณณ.
- ๊ตญํ์์ฌ๋น ์
- ๋ฏผ์ฃผ๋น, ๊ตญ๋ฏผ์ํ ๋น์ฌ ์
- ์์ธ์ญ, ์ ๋ถ์ฒญ์ฌ ์
๐ ํผ์ ์์๋ง ํ๋๊ฒ ์๋๋๋ค. ์ฌ๋ฌ๋ถ์ ์ฐธ์ฌ๊ฐ ํ์ํฉ๋๋ค. : forms.gle/93KGm4PavgPPRLxw9
์ด 1์ฒ๋ง์ ์๋น์ ๋ฆฌ์๋ ์ฝ์ธ๊ณผ์ธ ์ ์ ์บ ํ์ธ ์ฐธ์ฌํ๊ธฐ
- ์ฐธ์ฌ๋ฐฉ๋ฒ : ์ฝ์ธ๊ณผ์ธ์ ์ ์ง์ง ๊ฒ์๊ธ ์์ฑ (#์ฝ์ธ๊ณผ์ธ์ ์ ํด์ํ๊ทธ ์ถ๊ฐ ํ์)
- ์ผ์ : 12์ 23์ผ๊น์ง. (์ ์ํ์ ์ ์กฐ๊ธฐ์ข
๋ฃ ํ ์ฆ์์ง๊ธ)
- ์ํ : 5๋ง์ ์ํ๊ถ x 200๋ช
์ฃผ๋ณ ์ง์ธ๋ค์๊ฒ ๋๋ฆฌ๋๋ฆฌ ํด๋น ์บ ํ์ธ ์ฐธ์ฌ๋ฅผ ๋
๋ คํด์ฃผ์๊ธฐ ๋ฐ๋๋๋ค. ์ฝ์ธ๊ณผ์ธ์ ์์ด๋ ์ด์ ์ง์ง ์ ๋๋ก ์์์
๋๋ค.
#์ฝ์ธ๊ณผ์ธ์ ์
์์ฆ ์คํธ๋กํฝIPO๋ฅผ ์๋๊ณ , ์คํธ์ค5.5๋ฅผ ๋น๋กฏํด ์๋ท5.5๋ง์ ์์คํธ๋ผ๋ฅผ ๋ฐ์ํ๋ค๋ ํ๊ฐ๊ฐ ์ง๋ฐฐ์ ์ด์์. ์ค์ ๋ก ์จ๋ณด๋ฉด ๊ณผ์ฅ๋๊ฒ ์๋๊ธฐ๋ ํ๊ตฌ์.
๊ทธ๋ฐ๋ฐ ๋ฉฐ์น ์ ๋ถํฐ OpenAI๋ ์ฌํด IPOํ ์๊ฐ์ด ์๊ธฐ๋๋ฌธ์ ์คํธ๋กํฝ์ฒ๋ผ ๊ธํ ๊ฒ ์๋ค๋ผ๋ ๊ฒ์ ๊ทผ๊ฑฐ๋ก..
๊ทธ๋ฆฌ๊ณ ๋ด๋ถ ๋ชจ๋ธ๋ก ์๋ ค์ง Bel์ด ๊ณง ๋์ฌ fable5.5๋ฅผ ์์ดํ๋ค๋ ๋ฐ์ด๋ด์ด ํธ์ํฐ์ ๋ง์ด ๋๊ณ ์์ด์.
์๊ฐ์ด ์ง๋๋ณด๋ฉด ์๊ฒ ์ง๋ง, ์ ๋ขฐ์๋ ๊ณ์ ๋ค์ด ์ด๋ฐ ๋์์ค๋ก ๊ณ์ํด๊ฑฐ ์ธ๊ธํ๋ ๊ฒ๋ณด๋ฉด bel <- ๊ฐ์ฉ๊ธด ํ๋๋ด์.
Bel์ ๋ฆ์ด๋ ์ฌํด์์ ์ถ์ํ๋ค๊ณ ํฉ๋๋ค
์ด๊ฑด ๋๋ฐฐ ์ ์ง ๊ฐ์ผ์ง..
์ง๊ธ ๋๋ํ๊ฒ ๋๊ปด์ง๋๊ฑฐ๋ ์์ง 20๋ฐฐ ์ ์ฉ์ค์ด๊ณ ๋ฆฌ์
๋จ๋ฐํด์๊ทธ๋ฐ๊ฑด๋ฐ ใ
ใ
ํฌํ ๊ฐ์ฆ์ ~
Tibo@thsottiauxOct 11United States
United StatesConnected via WebAccount-level information, not a live location or per-post device.
Pro users, would you rather have
33%5h limits, 2X week usage
38%no 5h limits, same usage
29%show result
240,643 votes โข Final resultsAt Bridge Summit, a KBW side event, I interviewed several teams.
Teams : 0G, Axis, Kgen, Everything, Doma, Mantle
You can watch the full video via my YouTube link in the comments.
If youโd like to get your project known in Korea, let me know.
Just cover the flight and Iโll be there, wherever it is ๐
@0G_labs @axisrobotics @KGeN_IO @trdEverything @domaprotocol @Mantle_Official
What can you imagine at F1? ๐๏ธ
Met @SolanaLegend and having an amazing conversation about how bullish we are on Backpack.
Big things ahead. ๐
Today marks my last day at edgeX๐ฆญ
I joined the team in mid-January 2025 and spent nearly one year and nine months helping introduce and grow edgeX in the Korean market from the ground up.
Being part of that 0-to-1 journey was incredibly rewarding. Along the way, I learned a great deal about community, localization, GTM, and what it takes for a global project to earn trust in Korea.
Iโm grateful to the edgeX team, our partners, and everyone in the Korean community who supported and worked with me throughout this journey. Thank you for making this chapter so meaningful.
For now, Iโll be taking some time to recharge and spend more time with my family. Iโm not rushing into what comes next, but Iโll gradually explore new ideas and opportunities at my own pace.
I also hope to share more of what Iโve learned about Web3, community, and building in the Korean market.
If youโre a builder thinking seriously about Korea GTM, Iโd always be happy to connect and exchange ideas.
Thank you for everything, edgeX. See you around ๐
My Thoughts About zero-gravity:native and iAI
iAI has bounced off the lows, but I still think its AI usage is being underpriced.
Staking it gives you daily AI credits, which is a pretty practical reason to own it if you already spend money on AI.
@AlgodTrading's criticism of Venice's equity<>token structure took some heat out of the trade.
But my read is that the concerns around $DIEM have eased a little, and I don't see Venice's runway as an immediate worry right now.
Using DIEM around $2,000 as a reference, I still think $400โ$600 is a conservative value for the AI usage alone, even after setting aside the collateral a minter can recover.
iAI looks more attractive to me on that basis. Its initial terms offer 1.271 AI credits per staked token per day, with a stated usage value above $1, versus DIEM's $1 a day.
Looking at that daily allowance, I could make a case for valuing iAI's AI usage at 1.271x DIEM's.
But Venice's $65m raise in July deserves some weight too. So even if I stay conservative and give iAI just a 1.05x multiple, that's $420โ$630 for the AI usage alone. I still think that's good value against the roughly $367 quoted on Zia right now.
Even before assigning any value to the minter's right to recover the underlying 0G collateral, returned as a0G,
I still think iAI around that price could be close to a bottom on AI usage value alone. That recovery right stays with the minting wallet; buying iAI on the market gives you the compute rights. The usage value is where I still see a gap.
Some people have also raised questions about how long 0G can keep funding the credits, but its recent commitment to invest S$20m in Singapore over five years makes me more comfortable on that front.
To me, it suggests enough runway to absorb the ongoing credit costs and keep building the service.
For people who use a lot of AI and will actually consume the credits, the entry looks attractive to me.
Taking @0G_labs's recent activity in Singapore and at KBW into account, I think this is a reasonable bet if you size it around what you're prepared to lose and have a clear exit plan if it doesn't work out.
I'm planning to use mine for language practice and writing on Brunch.




























