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excited to switch off of vercel. there are lines.

every crypto company's pitch deck rn:

sui hack is incredible > dude hacks $200M from main exchange > sui just bans him from their validator set > basically dude thought one guy could control a whole chain > he was right > but it was a different guy

solana deleted it. can’t believe they’d go woke and cancel themselves like that. we need to retaliate. we need to cancel solana for canceling solana

What's causing all these logos to look the same?

some personal news i'll be stepping down from the multibillion dollar ghost chain i founded now that my vesting is up i'll be taking some much-needed time to rest and reflect on how rich i am, especially compared to all you poors very excited for my next steps

reminder: speaking out against the genocide of children is actually *good* for your brand. people will like you for it! you can see it in the numbers. incredible psyops that we spent years believing otherwise

defi = decentralized wall street nfts = decentralized hollywood daos = decentralized silicon valley

DAO book club. what am i missing? and who wants to read w me?

women of denver about to have the worst week on dating apps in their life

if you want to know why crypto has no mass adoption, maybe it’s because: — every chain is targeted towards devs — every conference is targeted towards devs — every social product is targeted towards devs — every conversation, app, marketing campaign is targeted towards devs i love devs. i work with devs all day. i argued in the proto-app thesis that the unlock of crypto is to enable protocols for devs to build on. i’m targeting devs every day. but it’s insane to mistake devs for end users rather than builders who also need to attract users—in our endless ponzi of builders building for builders. if we want adoption, we need to actually target people who are at the center of culture: artists, fashion kids, creators. mass adoption means actually caring about the masses.

i’ve been debating writing this, and maybe as a founder it’s really dumb of me to but the number one regret i’ve heard at devconnect from nearly every founder is the same: choosing to build on base i’ve been vocal here about many of my own issues with jesse and base, and it’s pretty clear i’m not the only founder who’s annoyed they keep promising “base is for everyone” while selectively only pushing content coins… at a point where both content creators and memecoin launchers are imploding AND neither group wants it anyway. (it’s like serving “cod ice cream” in the middle of winter. but i digress). every founder i’ve spoken to has had the same experience i’ve had: base is the least supportive major chain. and the proof is clear enough. base hasn’t had a killer app. polymarket is on polygon. pump is on solana. hyperliquid is on hyperliquid. even kalshi, which is probably base’s best app, is multichain. but even so, i don’t think base is totally to blame here. the bigger issue is trusting that any chain right now is powerful enough to give apps meaningful distribution. over and over i hear about apps that have moved their tokens to base, their product to base, their liquidity to base, only to find that usage continues to drop. it’s the same story as solana a year ago or blast two years ago. chains promise that they have users for apps, apps move there, and no users emerge. you can blame the chains for overpromising. you can blame the apps for not having genuine users. you can blame the entire space for only incubating a user base of farmers and wash traders that are useless to any product for real people. but i think the real issue is that chains don’t really understand their own role in 2025. they spend all day talking about performance and economic security and interop, qualities that are barely differentiators anymore. the only major differentiator is distribution. the irony is that founders are angry at base because base was the first chain to really understand this. they spent their days talking up apps on twitter. they built an app that lets you discover and use other apps. but i’ll say the quiet part outloud. the positivity has been toxic, the content coin thesis has been mind-boggling, and the whole approach has been a classic case of overpromising and underdelivering. this conference has made me feel a lot less alone. even so, base is obviously going to remain one of the best places to deploy. it has network effects, the backing of the top american crypto company, and stablecoin distribution. it’s not going anywhere. but the fact it’s undergoing the exact same story as so many chains from the past two years is both a lesson and an opportunity. because it shows what a chance there is for new chains like megaeth and abstract to incubate original apps, throw them support, and use token incentives to draw users to them. this is a much wider open opportunity for chains than most people want to admit.

remember every second you’re listening to music, there’s a 15 year old listening to a podcast on danksharding and zk-starks. at 2x speed.

insanely bullish crypto literally every other industry looks to have its entire skillset replaced by AI right now but crypto is probably the only industry that has absolutely no skillset to begin with good luck firing us from jobs nobody even needed in the first place mfers

THREE MOATS IN WEB3👇

every crypto project has a choice right now: go after the 1% of users who represent 99% of transaction volume. or go after the 99% of users who represent the 1% of transaction volume. some thoughts:

the internet has two native markets: crypto (digital financial capital) and attention (digital social capital) crypto apps take off when they combine them: polymarket, pumpfun and... persuasion markets. i wrote a full manifesto for what this future looks like (link below)

i’ve been debating writing this, and maybe as a founder it’s really dumb of me to but the number one regret i’ve heard at devconnect from nearly every founder is the same: choosing to build on base i’ve been vocal here about many of my own issues with jesse and base, and it’s pretty clear i’m not the only founder who’s annoyed they keep promising “base is for everyone” while selectively only pushing content coins… at a point where both content creators and memecoin launchers are imploding AND neither group wants it anyway. (it’s like serving “cod ice cream” in the middle of winter. but i digress). every founder i’ve spoken to has had the same experience i’ve had: base is the least supportive major chain. and the proof is clear enough. base hasn’t had a killer app. polymarket is on polygon. pump is on solana. hyperliquid is on hyperliquid. even kalshi, which is probably base’s best app, is multichain. but even so, i don’t think base is totally to blame here. the bigger issue is trusting that any chain right now is powerful enough to give apps meaningful distribution. over and over i hear about apps that have moved their tokens to base, their product to base, their liquidity to base, only to find that usage continues to drop. it’s the same story as solana a year ago or blast two years ago. chains promise that they have users for apps, apps move there, and no users emerge. you can blame the chains for overpromising. you can blame the apps for not having genuine users. you can blame the entire space for only incubating a user base of farmers and wash traders that are useless to any product for real people. but i think the real issue is that chains don’t really understand their own role in 2025. they spend all day talking about performance and economic security and interop, qualities that are barely differentiators anymore. the only major differentiator is distribution. the irony is that founders are angry at base because base was the first chain to really understand this. they spent their days talking up apps on twitter. they built an app that lets you discover and use other apps. but i’ll say the quiet part outloud. the positivity has been toxic, the content coin thesis has been mind-boggling, and the whole approach has been a classic case of overpromising and underdelivering. this conference has made me feel a lot less alone. even so, base is obviously going to remain one of the best places to deploy. it has network effects, the backing of the top american crypto company, and stablecoin distribution. it’s not going anywhere. but the fact it’s undergoing the exact same story as so many chains from the past two years is both a lesson and an opportunity. because it shows what a chance there is for new chains like megaeth and abstract to incubate original apps, throw them support, and use token incentives to draw users to them. this is a much wider open opportunity for chains than most people want to admit.

if you want to know why crypto has no mass adoption, maybe it’s because: — every chain is targeted towards devs — every conference is targeted towards devs — every social product is targeted towards devs — every conversation, app, marketing campaign is targeted towards devs i love devs. i work with devs all day. i argued in the proto-app thesis that the unlock of crypto is to enable protocols for devs to build on. i’m targeting devs every day. but it’s insane to mistake devs for end users rather than builders who also need to attract users—in our endless ponzi of builders building for builders. if we want adoption, we need to actually target people who are at the center of culture: artists, fashion kids, creators. mass adoption means actually caring about the masses.

nobody wants to talk about it, but crypto is facing a massive crisis for a simple reason *everyone* decided to value companies on token price mimetics instead of revenue which meant nobody bothered to get revenue and now the whole space is running out of money

this has to be the strangest era in crypto i can remember the tech is finally ready to be used at scale—but almost nothing useful is being built this is nearly the exact opposite of how it was in 2017 and 2021

DAO book club. what am i missing? and who wants to read w me?

solana deleted it. can’t believe they’d go woke and cancel themselves like that. we need to retaliate. we need to cancel solana for canceling solana

state of crypto: ~ 10x as many engineers as marketers ~ projects with the best marketing, not the best tech, keep winning ~ marketers paid 25-50% as much as engineers make it make sense

ok sorry but it continues to blow my mind that defi is the only proven sustainable use case for crypto in 15 years, vitalik has disowned it, solana won't touch it, and berachain is literally the only protocol trying openly to optimize for it

$7M token, created from a JokeRace contest

places we could have crypto conferences: — lisbon, any time of year — buenos aires, any time of year — kyoto, any time of year places we actually have crypto conferences: — denver in february — cannes in july

ok i’ll bite why do we need all these stablecoins?

bitcoin: cigars eth: weed solana: coke polkadot: lsd cosmos: shrooms doge: k xrp: fentanyl