The Control

Signed Jensen Huang GPUs paired with NVDA The evolution of onchain RWAs

Many view Polymarket and similar products as the same. Understandable Polymarket is built on a different set of beliefs though: Markets are useful as an information source that helps us make sense of the world and understand what’s true. Truth matters Human taste matters and AI slop doesn’t work long term. Cultural relevance can’t be faked Improving sports betting for people is a small part of the goal Winners focus on winning, losers focus on winners

Real world collectibles have been a good store of value for 100+ years but lack accessibility, liquidity and price transparency Memecoins are accessible and fun but can be printed out of thin air. Many are scams, most go to zero A product that combines the best of both is needed to create a global market to bet on people @GrailCo

It’s been funny to watch an old dude with no kids lie and shill his way to becoming the public face of an industry that we care about If you go back and watch old interviews or read tweets it legit looks like a soulless vessel with no creativity using Claude or ChatGPT to get as much money and attention as possible. It’s worked, but it will age poorly

Ethereum is winning on credible neutrality Cryptocurrencies are different than companies Companies earn trust by strongly projecting on people. Elon is the best in the world at that, and SpaceX is a $1.8T company because of it Cryptocurrencies earn trust by being credibly neutral. Credible neutrality can’t be projected on people. It must be earned slowly over time by making decisions that favor decentralization over hype Now Coinbase and Robinhood are battling for retail adoption of stocks and memecoins. Institutions like JP Morgan and Blackrock are tokenizing treasuries and dollars. All on Ethereum Other chains did a great job getting attention and sucking in retail with good marketing and doing deals with companies, investors and governments. You can make money that way. But the grand prize in crypto is $100T in credit neutral store of value and once you do that you have no shot This is why we hold ETH

The best thing ethereum ever did was get boring Hype is how they tax you Boring credible neutrality is the only $100B+ product

A few Polymarket facts that you won't hear from the media: 1) Polymarket had more web traffic (43.1M visits per Similarweb) in the past month than Fanduel, Draftkings, and Kalshi combined and is one of the most viewed fintech apps in the world while using a fraction of the marketing budget of many. This is because Polymarket is a useful information source first and people are continuing to gravitate to it to better understand the world. 2) Polymarket dominates onchain prediction markets and being onchain for transparency and global access is essential to achieve the long term goal of better information and more truth. 3) Polymarket U.S. app is still in its infancy but starting to hit its stride and execute on product and business.

Overrated: attention online Underrated: attention to the craft

A few trends to watch: - Real world assets onchain: The user experience and infrastructure is finally ready for blockchains to bring all assets to everyone in the world just like the internet in bringing all information to everyone in the world. - Non-athlete real world collectibles: Sports collectibles have been around for 100+ years and are well established. Non-athlete collectibles are much newer and more niche but have more upside. - Authentic creativity wins: Streamers and entrepreneurs are becoming the most popular people in the world bc they are less scripted and more real than the “celebrities” of the past (politicians, actors, musicians, YouTubers etc). If you are interested in the intersection of the three check out GRAIL

Crypto at its best is global, permissionless and unapologetically degen. At its worst it’s a handful of people extracting from everyone else.

The best investment strategy to get rich slow is to buy what the establishment hates and be skeptical of whatever they are shilling. For the first 10 years of Bitcoin, the establishment hated it while random people from around the world believed. You had 10 years to buy and 10x - 10,000x your money. These opportunities still exist if you zoom out, manage greed and think about human psychology. We are the market.