São Paulo, Brazil
Joined September 2009
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"the credit deal gave FTX an option on 50% of @BlockFi equity. The remainder would be purchased for $25 million"
theblock.co/post/154929/ftx-…
"BlockFi's staff count will be significantly reduced if the @FTX_Official deal goes through [...] as many as 80% of the team could be let go"
This is spot on, especially for developing markets. Brazil for example has some of the highest internet usage in the world, and the majority (58%) of their connected population accesses the web exclusively through their phones.
@AtlanticoPart
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Wesley Aster retweeted
PFP NFTs might go down as the “Ringtones” of Web 3.
Mainstream adoption, huge revenue, IP and copyright issues, personalization as utility, vast majority of businesses went to 0.
Paved a lot of the way for Western mobile commerce.
💪🏼💪🏼 @omgkirbyDAO
omgkirby Web3 ‘Record Label’ Turns Fans Into Songwriters and A&R – Billboard @omgkirbyDAO #lo-fi #music #dao #songwriters #recordlabel billboard.com/pro/omgkirby-w…
Great thread. The first part on entropy reminds me of a @naval philosophical posts about epistemology - if you have a profound understanding of fundamental concepts, you're better equipped to detect the underlying drivers of any subject, incl. those w/many layers of complexity
One example of this concept is the insight that there are no exponential curves in nature (because they all turn to S curves over a sufficiently long period of time)
@NickSzabo4
unenumerated.blogspot.com/20…
Wesley Aster retweeted
A reminder that Cash is up 22% on the year vs financial assets, and, of course, 135% vs bitcoin.
Wesley Aster retweeted
One thing most people don't fully grasp: it takes years, often decades, to go from a new infrastructure-level technology breakthrough (like crypto) to a vibrant ecosystem of mainstream applications.
It’s interesting to look at areas within crypto where development is still moving forward despite the bear market we’re currently in
@RyanSAdams from @bankless wrote a great article in Jan about how important liquidity is for unlocking the potential of crypto, in the same way increasing bandwidth was the transformative foundation that grew the internet from web pages to Netflix
newsletter.banklesshq.com/p/…