itsjpower @itsjpower
Building and investing with @punk6529 ⚡️ Don’t let them steal your jpegs 6529.io Joined August 2021-
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@refikanadol continues to evolve his in-person physical exhibits, including Living Architecture: Casa Batlló, in the 6529 Collection!
Honored to attend the opening of @DatalandMuseum in LA…a multi-sensory exhibition of nature, data, AI, and @refikanadol’s imagination!! 💫
The Memes are 4 years old today 1/ every week, we support public domain art, science, and the infrastructure buildout of a decentralized network state 2/ now 4th in market cap after punks, bayc, pengus 3/ delusionally, irrationally, unreasonably ambitious goals 4/ it is not too late to get involved; in fact, we are just getting started 🎂
Minted out. Artist share for @6529er and me is 8.128ETH. We're contributing all of it to the 6529 Network Museum. So for this 1st program the museum will purchase 16 photographs at 0.5 ETH each and can keep 0.12 ETH in change. 😀 Exciting!
@moonbirds How do I nest Moonbirds that are Legacy Vested? Or How do I contact support??? Please assist @moonbirds @spencer!
reasons why crypto is down: 1. On chain stocks and bonds have not resulted in material fee capture for any major L1 protocol. Arbitrum pumped on Robinhood announcement only for Robinhood to build its own inhouse solution. Temporary Nasdaq on-chain trading pump then it turns out they're using private blockchains. SOL doing $1m a day of fees down from $24m Trump coin frenzy and $15m+ of inflation. 2. high inflation and primary equity story is international equities, gold, and AI. crypto is not getting enough attention 3. Trump promised mass deportation, less international engagement, low inflation. seems we are 0/3. With no Trump USD stablecoins and regulatory progress could reverse. Crypto is seen as Trump proxy. when Trump won EURUSD collapsed and BTC went bid. now EURUSD is surging while BTC is down 4. Gold / silver have captured 'sovereign diversification'. Russia appears to have successfully use gold to thwart US sanctions after invading Ukraine. Despite the fact it could have used crypto (it did not). Now China is looking at Gold as a good reserve asset if it chooses to invade Taiwan 5. "Digital Gold" story does not work if Gold is up only and AI is up only while coins are down only. Thus - people no longer believe. At the same time there are high valuations and relatively high network inflation 6. There has yet to have been material evidence of AI <> crypto inter-relation. Bittensor if anything by becoming more credibly non political is allowing subnets to do anything (not just AI related). Coin is dead. Narrative of AI agents doing things with crypto so far has not come to pass. 7. DATs, and MSTR buying at high prices are a double edged sword. As DATs drop below MNAV activists are incentivized to take stakes in DATs and sell the underlying tokens to drive shareholder value. In current market conditions this would be catastrophic 8. Maybe quantum fears - but I think we are memeing ourselves about that far more than ppl are actually trading on this I think it's important to understand these things. The market put on a huge bet that the system and crypto would mesh. That bet has imploded. It is not pretty. I got some things right and many things wrong. I am not planning on leaving the industry or pivoting to gold mining. Reasons to be excited about Crypto on a go-forward 1. People are not thinking through what a fully multi polar world looks like given current debt levels combined with CBDCs. base case is mass financial repression and wealth taxes targeted at individuals. Individuals cannot easily 2. There are only 100-200k researchers and engineers in the global AI industry. Unlike previous industrial revolutions - the growth in AI will not cause mass employment. It will instead cause mass unemployment. This will only accelerate confiscatory impulses and also put pressure on global central banks to ease (bullish fixed supply assets). AI itself will be effectively leveraged to track physical locations ala China making it difficult for individuals to effectively custody gold 3. Nation states may not get along but all of them will want to tax citizens 4. The original BTC run was Chinese high net worth individuals. We have a mental model of what this looks like. More repression. More capital controls. That's how BTC went from $100 -> $80k to begin with. 5. Unlike the original BTC run privacy technology has advanced considerably. ZK transactions are 20x cheaper than they were in 2021. Halo2 / Z cash have made substantive technical progress. Railgun is responsive to TornadoCash rulings and there are increasingly legal frameworks for privacy. 6. AI is fundamentally compression technology. Models are getting smaller. Open Source (like Kimi K2.5) is pretty solid and will remain subsidized by China indefinitely which is treating open Source AI development a bit like free marketing for CCP ideals. There will reach a threshold when there are models that are smarter than ppl that run on local hardware. This makes society portable in a way that was previously unimaginable. 7. The technical selling has 2 sources: a. DAT overhangs, which are reflexive and can expand to buying pressure if the market turns around b. Bloated teams, which should structurally be able to be cut due to AI coding 8. Re: quantum I think AI coding will also accelerate the speed at which some protocols become quantum resistant, and I imagine this will be faster than traditional websites. There are some undeniably scary 'quantum internet' bear cases out there but I think we're way too early for that Put another way: sovereign individuals were never really believable before "vibe coding". Because you'd need an army of employees. Who need national services. The economic viability of small scale technological economies is skyrocketing. And therefore even if traditional equities or bonds don't end up on public blockchains imminently there is still believably going to be substantial post-national on-chain volume. But it is coming at a lag vs market expectations, resulting in massive financial destruction Binance, Hyperliquid and Tron remain successful decade long experiments in - what are essentially equity like assets that exist completely outside of traditional jurisdiction or reporting requirements. It is fundamentally viable to run on-chain businesses, and will become more appealing over time bc of how messed up our world is I don't want to pretend that the current market condition is good or that "I Called it". or something. I am trying to make sense of it. If I had to sum it up "anti or post nation state assets bet the ranch on nation states and got screwed". Anarcho capitalists shocked their government partnership didn't work out. Makes sense in hindsight doesn't it.
@moonbirds @moonbirds perhaps a dumb question, but where do we nest?!? Is there a post with directions? Please provide as I do not see in this post. Oh, also, I am unable to sign in to legacy proof site...
historical Meme Card mint today you get a great piece of CC0 (video) art as always, but also the proceeds will fund advanced immunology exploratory research at a major research university lab this is the year that it will become clear what we are up to 6529.io/the-memes/mint
“Ethereum was not created to make finance efficient or apps convenient. It was created to set people free” This was an important - and controversial - line from the Trustless Manifesto ( trustlessness.eth.limo ), and it is worth revisiting it and better understanding what it means. “efficient” and “convenient” have the connotation of improving the average case, in situations where it’s already pretty good. Efficiency is about telling the world's best engineers to put their souls into reducing latency from 473 ms to 368ms, or increasing yields from 4.5% APY to 5.3% APY. Convenience is about people making one click instead of three, and reducing signup times from 1 min to 20 sec. These things can be good to do. But we must do them under the understanding that we will never be as good at this game as the Silicon Valley corporate players. And so the primary underlying game that Ethereum plays must be a different game. What is the game? Resilience. Resilience is the game where it’s not about 4.5% APY vs 5.3% APY - rather, it’s about minimizing the chance that you get -100% APY. Resilience is the game where if you become politically unpopular and get deplatformed, or if a the developers of your application go bankrupt or disappear, or if Cloudflare goes down, or if an internet cyberwar breaks out, your 2000ms latency continues to be 2000ms. Resilience is the game where anyone, anywhere in the world will be able to access the network and be a first-class participant. Resilience is sovereignty. Not sovereignty in the sense of lobbying to become a UN member state and shaking hands at Davos in two weeks, but sovereignty in the sense that people talk about "digital sovereignty" or "food sovereignty" - aggressively reducing your vulnerabilities to external dependencies that can be taken away from you on a whim. This is the sense in which the world computer can be sovereign, and in doing so make its users also sovereign. This baseline is what enables interdependence as equals, and not as vassals of corporate overlords thousands of kilometers away. This is the game that Ethereum is suited to win, and it delivers a type of value that, in our increasingly unstable world, a lot of people are going to need. The fundamental DNA of web2 consumer tech is not suited to resilience. The fundamental DNA of _finance_ often spends considerable effort on resilience, but it is a very partial form of resilience, good at solving for some types of risks but not others. Blockspace is abundant. Decentralized, permissionless and resilient blockspace is not. Ethereum must first and foremost be decentralized, permissionless and resilient block space - and then make that abundant.
easy to be bearish crypto right now we’re fifteen years in we’ve spent enormous energy trying to build valuable stuff on top of trust-minimized technology the results feel underwhelming - many tokens - few products with global impact - asset markets that reward local attention over durable value ^ this view notwithstanding i think a large part of what feels broken is pretty close to being solved not by technology i think we’ve got all the raw material we need for crypto to dominate the last piece is harmonization between value created (products) and value accrued (token) and i think we’re getting pretty close there are roughly two categories of tokens > tokens that are money (ex. stores of value) > tokens that make money (ex. productive assets) i think the money tokens (BTC, ETH, SOL, etc) are better understood and further along in their adoption so i won’t explore these ‘are money' tokens in this thread the piece that actually feels broken to me the one we (as an industry) just quite can’t get over the hump on are the ‘make money’ tokens take public equities for example public equity assets get priced because markets can: - verify revenue - verify expenses - guarantee value accrual historically, this type of underwriting has lagged across crypto > crypto revenue for crypto projects with tokens, we’ve got two types of revenue: onchain revenue; and offchain revenue onchain revenue is legible by default. AMM fees, sequencer revenue, bridge fees, etc everyone sees the same dashboards it’s all public, scrapable, and can be modeled in real time super cool but while that transparency is a feature, it’s also somewhat noisy, as onchain activity functions like a billboard projects in crypto have been trained to: (1) build for what is easily measurable; and/or (2) broadcast what is temporally beneficial wash trading, incentive-driven volume, liquidity mining, and farming mechanics can inflate top-line metrics without producing recurring demand over periods investors end up underrating, overrating, or misclassifying revenue quality separately offchain revenue has a slightly different problem some crypto projects with tokens also run centralized infra, generating higher quality revenue offchain but almost none of it is verifiable both paths leave room for improvement: - onchain revenue is transparent, but noisy and gameable - offchain revenue may be easier to generate for some crypto projects, but opaque and structurally unverifiable unlike equities, there are no real standards to adhere to which makes underwriting difficult > crypto expenses like revenue, crypto projects with tokens often have two flavors of expenses onchain expenses; and offchain expenses onchain expenses are easy to track and model, but because they’re public and often reported casually, onchain totals become a weak snapshot for the true cost of sustaining a product onchain offchain expenses are real-world operating costs that are mostly opaque and often dominate the cost structure, including engineering and research salaries, cloud infra, legal and compliance spend, security, marketing, general ops these expenses determine whether a project is actually scalable or profitable, yet are rarely disclosed with real accounting rigor again, no standards to adhere to which also makes underwriting difficult > crypto token value accrual in equity markets, assets accrue value through legally enforceable rights, including claims on residual cash flows, dividends / buybacks, voting, and priority in liquidation or acquisition events these rights are standardized, disclosed, and protected by law, which allows markets to underwrite future cash flows and price equities based on expected value in crypto, this is where things really start to break down at the fundraising stage, teams face an array of optionality: - build for equity value - build for token value - build for both with no clear guidance in the U.S. on how tokens accrue traditional value (while simultaneously acknowledging that tokens are the asset that can best power labor and productivity over decentralized networks) projects historically have raised on both SAFEs (equity) and warrants (network) this creates a capital stack where value accrual is left ambiguous across competing instruments, out of survival - teams preserve flexibility - investors underwrite both paths then the TGE happens, and there is only one brutal question left -- what is this token actually allowed to do? - is it a security or a commodity? - can it capture fees? - can it receive distributions? - can it be bought back and burned? in the absence of legal guideposts, the majority of teams choose inaction the token exists as a coordination incentive, but enjoy no real claim on value created and the network never fully matures here’s a common pattern: > team raises money on SAFE (equity) and Warrant (token) > team builds technology > team launches token > team delays value accrual to the token because acting feels legally ambiguous (at best) and legally dangerous (at worst) > team gets tired of waiting around for answers > team runs out of money or gets acquihired (equity) > the foundation commits to maintaining network in perpetuity (token) > network is no longer as competitive feels pretty clear to me until network tokens are explicitly allowed to return value through defined mechanisms that take into account their unique digital shape on the internet as both (1) labor incentives; and (2) direct connection to network revenue then: > value accrual to tokens will remain fragile and discretionary > markets will continue to misprice them > risk capital will mostly remain uninterested in them > innovators in the US will mostly remain uninterested in building networks powered by them that brings us to today the US has historically set the regulatory standards that global capital, companies, and markets adopt by default clear crypto rules in the US will effectively become the reference framework for the rest of the world in the US, we have a rare opportunity to shape how token-based capital formation, disclosures, and value accrual work globally rather than ceding those standards to others thankfully i think things are starting to change and so i tend to believe the next phase of crypto tokens will be built on the back of US legislative and regulatory leadership where we create a verifiable trail from network revenue to token holder that is defined, repeatable, and legally durable at all stages of a network’s life the market is clearly looking to solve a number of these problems recent efforts from individual crypto projects are providing leadership on different problem areas, with a few of these approaches listed below: - at fundraising stage, moving to new unified instrument models (e.g. @colosseum STAMP) - pre-TGE unification across equity/tokens (e.g. @rainbowdotme Class F) - post-TGE unification across equity/tokens (e.g. @UniswapFND UNIfication) - public token disclosure frameworks (e.g. @blockworks Token Transparency Framework) importantly, there are also a number of concurrent efforts led by US legislators (Congress) and regulators (SEC/CFTC), including the clarity act, the SEC’s rulemaking authority re: token safe harbors, the stablecoin / market structure bills, among other federal agencies and initiatives and while these regulatory/legislative efforts are only building blocks today, i tend to believe the net of these US efforts will converge and lead to the following over the coming years: - better auditing of on/offchain pathways to track and manage network operations - create "minimum viable disclosure" standards for projects launching network tokens - harmonization across SEC/CFTC on classifying tokens as "commodity" vs "security" at different stages of a network's life - allow early stage crypto networks to have a compliant time-limited safe harbor to launch tokens, disclose material information to public, and create new business models with tokens before final classifications apply and so, from my view, the endgame for the “make money” tokens is just about getting back to the basics combine: > a project’s verifiable on/offchain activity; with > explicit value accrual and legal rights for their token; > all within a coherent regulatory framework in the US and as that happens global risk capital, from individuals to institutional allocators, won’t need to underwrite a new belief system on value accrual to participate in these global networks for the first time they can use the same frameworks that already work and for me i think that’s a pretty healthy evolution for this specific category of tokens (crypto art by @jackbutcher)
1/ On Measuring Network States Do they exist? What are the conditions of success? And why those conditions are: decision-making ability, dGDP and NFTs? 2/ @balajis popularized the term so we can start with his definition “A network state is a highly aligned online community with a capacity for collective action that crowdfunds territory around the world and eventually gains diplomatic recognition from pre-existing states.” 3/ Some design features he thinks are relevant: "moral innovation" (mission), on-chain metrics, crypto-native, non-contiguous jurisdiction, forkability. 4/ I am not going to attempt to summarize all his views here (he wrote a whole book about his views that you can read) I have some quibbles on the margin (e.g. maybe “network society” is more accurate and would not trigger pedantic reactions about the definition of a “state”) but, for today, these don’t matter. We take his concept and build on it. 5/ First, do they exist? Well, pre-crypto network states definitely exist. Take the Catholic Church. It has a moral mission, it coordinates globally around that moral mission, it acquires fragmented land, and the Holy See has earned some form of diplomatic recognition. It has also found an accommodation with classic nation-states in most parts of the world (“Render unto Caesar”), that I think is a useful analogy. 6/ Of course, the Catholic church does not meet his definition because it is not on-chain and crypto-centric. So what network states exist today? I am not sure tbh. 7/ There are startup cities like Prospera and Praxis but they are too focused on one physical location to meet my definition. There are a variety of DAOs trying to do things but they mostly do not strike me as overly ambitious. You could stretch the definition and say the “Bitcoin or Ethereum community” but I think this is not how people see it. 8/ At a first approximation, it is mostly an idea or rallying cry at this stage. It is a good idea and it is an inevitable idea. It is the type of idea that can only exist 5-15 years after crypto-based smart contracts exist, not before. 9/ The version of this idea I am interested in adds another condition – it needs to be decentralized, permissionless, uncensorable, nation-state resistant. Call it a decentralized Network State, or a civilizational Network State, if you like. 10/ So, there may be many Balaji-style network states in the broad sense. I am talking about the much smaller subset that matters as a civilizational counterweight in an AGI era. 11/ what I mean by this is: a/ BTC- and ETH- level resistant b/ no single jurisdiction whose policy change can end the project c/ no person or small group of people who can be coerced into stopping it. 12/ This is a very strict standard. Realistically, none of the proto-network states are even close to this standard. 13/ It also means that, relative to @balajis view, I put more importance on getting the decentralized cryptographical layer right first, and then go to land. It is a trade-off – you look more trivial first, but in time it is more robust. Land is still useful, but in an adversarial world any physical node must be disposable. 14/ Forcing permissionlessness and state-resistance on this idea makes it much harder, it reduces your degrees of freedom, it makes everything slower and more painful. Why set this condition? Because in the decades to come, with the vast centralizing arc of AGI coming our way, it will be the most important thing in the world to have a counter-balancing decentralized network that can make decisions and take actions. 15/ I am not saying that you can’t have a successful network state without this condition. If you want to make the network state for people who want to be ultra-fit or sponsor art or what have you, life is easier and more fun if you don’t bother with decentralization. 16/ I am saying the network state that may make a major impact for humanity has to have this condition, for the same reason that BTC has to have this condition. A civilizational Network State will look like this. 17/ Condition of Success #1: You can make and execute non-deterministic (subjective) decisions in a decentralized, trustless manner Honestly, this is the single hardest thing. It is what we are focused on at 6529 and it is, in many ways, the final frontier of crypto 18/ Crypto has invented a variety of mechanisms to make deterministic decisions in a decentralized manner (“who has what BTC?”, “what is the output of this smart contract”). These are fine for rules-based and deterministic outputs. 19/ There are efforts being made now to back into decision-making through prediction markets. Now mostly prediction markets are about gambling, but Vitalik seems to think they can be used for decisions (Futarchy / prediction-market governance) and some similarish ideas are behind Eigenlayer (re-staking). These are also fine because they are also ultimately deterministic. 20/ I note all this but think about how my day goes on a professional, personal and family level. I make dozens, if not hundreds, of decisions every day. Some of them are trivial (“where should we eat”), some of the very important (“do we approve this expansion”) and most are in-between. 21/ These decisions are non-deterministic. I do not know what the right answer is when I have taken them and MOST IMPORTANTLY I do not know the right answer AFTER I have taken them. “was it RIGHT to eat pizza?” “was it RIGHT to make the logo blue?” “was it RIGHT to add a 4th production line?” 22/ I mean maybe it was a good or bad decision, but maybe also there could have been better or worse decisions too. You will never know for sure if your optimal move was 3, 4 or 5 production lines. 23/ The degrees of freedom of “who won the presidential election?” or “who won the NCAA finals?” or “how many times did DJT mention the word “great”?” are trivial. 24/ The degrees of freedom of “running NVIDIA” are almost impossible to fathom. NVIDIA as an organization makes millions of small/medium/large decisions a day, then executes them with fallible people in better or worse ways, and nobody knows if there was a different set of decisions that would have had a better outcome and, in any case, life is path-dependent so next day sun is up and you need to make decisions based on the actual decisions you took and how well you executed them. 25/ I cannot imagine a deterministic blockchain system like BTC or ETH being of any use in “running NVIDIA” but I equally cannot imagine you could run NVIDIA with prediction markets. a) it would be horribly inefficient – every decision would need a market of informed participants b) it would be illiquid c) it would 100% be manipulated 26/ Prediction markets might help on a few big questions, but they can’t be the primary coordination mechanism for millions of messy, path-dependent decisions. 27/ The fact that crypto has not had as big an impact in “real world” as we would have hoped is that crypto - fully decentralized trustless part - has not yet shown it can organize to make and execute complex, high-stakes real-world decisions. TBH, I’m not sure you could use just the BTC network to run even a 10-year-old’s lemonade stand in a truly decentralized way. 28/ Decisions in real-life are organized on a very abstract basis: a/ alignment: we spend decades getting aligned with society so most people, most days do not make actively destructive decisions b/ authority: each of us has a scope of authority in which we are allowed to make decisions c/ identity: in order for b) to work, you have to know who is who 29/ We think we have a starting point at 6529 to solving this – so far at a toy level, but in the right direction. We are curating The Memes every week using the principles in #25: alignment (shared culture), authority (TDH), and identity (on-chain, TDH-based). It’s a toy system, but it makes hundreds of subjective decisions and actually ships. 30/ Condition of Success #2: dGDP (decentralized GDP) If you want to throw around the word “Network State”, then you need to toughen up and measure yourself by the same measure. The measure is dGDP, namely the goods or services the network state has helped to coordinate through its substrate. 31/ If you think about GDP (regular GDP) it is also largely activity for which the state has provided the coordination substrate. In other words it is not the state that organizes you to squeeze lemons, add sugar, sell them to your neighbors and pocket the profit. You do that all by yourself 32/ The state however provides a substrate, a more or less functional environment for you to do that. It is also how I think dGDP should be measured. It is also how I think dGDP should be measured: how much revenue is generated annually by the members of the network state that would not plausibly exist in that form without the mechanics of the network state. 33/ Conditions of Success #3: NFTs I know, I know, I know you are tired of hearing NFTs. Haven’t I heard the 2021 bubble has burst, it is over, it is Beanie Babies, it is time to get back to serious things? 34/ Nonetheless, as tired as you are of hearing it, NFTs are in some ways the most important thing in the world and eventually you will realize it. Everyone understands why BTC is important. It is a decentralized database of money that has impact well beyond its own network. 35/ NFTs are the decentralized database of “everything else.” No modern society or state can run without a modern database that stores not just numbers, but words and images and even sometimes videos. And no decentralized network state can run without that layer either. 36/ So, if you believe it is important to be able to make and execute decisions, globally, in a decentralized manner, then you need NFTs to exist, you need NFT infrastructure to exist and the stronger the better. 37/And then you somehow squint and think that NFTs are oddly the most important thing in the world or at least “the most important thing relative to their maturity and strength,” because, like, oxygen is certainly more important than NFTs but that is well-known and society is on top of it. 38/ This is why you have never heard me say a single bad thing about an NFT ever – good NFTs, silly NFTs, Grail™ NFTs, NFTs minted on Art Blocks or Manifold, NFTs minted at Art Basel for People Who Have Not Committed Themselves to Satoshi, utility NFTs, identity NFTs, NFTs with frogs, NFTs without frogs, NFTs from Very Serious Artists That Museums Like™, NFTs with butts on them, NFTs that are using the blockchain in a Very Pure On-Chain Way™, NFTs that forgot to include the image with the NFT (hello CryptoPunks) – I am in favor of all of them. 39/ So, to conclude: a/ Network states are a good idea and there will be many of them b/ But we need at least one civilizational level network state that cannot be killed c/ Making subjective decisions is the final frontier d/ dGDP is the right metric to figure out if you are doing anything e/ NFTs, well, we always need NFTs If you made it all the way to here, THANK YOU FOR YOUR ATTENTION TO THIS MATTER
We are in the Third Phase The first phase was the evolution of the internet. The internet was designed to transfer vast amounts of information from the physical world into a single, unified repository linked to all human minds. This evolution was partly economic - i.e. Teslas recording the roads, or Google Maps cars driving around. And partly non economic - i.e. LibGen Pirating all books, and Napster etc pirating all music. The phone became an appendage, an extra limb for the average human. Economics made it inevitable that your gym would be filled with online prostitutes with tripods recording their squat routines. Ants do not consider why they bring sugar to the Queen. They just do it. The second phase was the evolution of artificial intelligence. This was the vast scaling era that we have just experienced. That we are still in the midst of (but according to some, such as Ilya Sutskever, is slowing down in terms of its incrementally). The previously parasitic appendage (mobile devices, and machines) became vaguely less so. You could now talk to machines and have them do work for you directly. It is important to understand that this phase would be impossible were it not for the internet. And the companies that are the rockstars of the AI era - are for the most part, entertainment companies. Nobody invested in NVidia in 2016 saw the company primarily as a driver of the future of global GDP. It was primarily a graphics company - designed for playing video games, or maybe optimistically self-driving vehicles The important part to interject here - is that the linkages between the first and the second phase *spontaneously appeared*. And it wasn't always even really economic. Just a sea of reddit comments. Onlyfans stars. Shitposts. Pirated books. And sure, a lot of monetized ads. Video games. Things we all thought were useless that were suddenly transmuted via AI into the primary economic primitive of our society and focus of a military arms race. The Third Phase - is far more interesting, at least to speculators. Blockchain technology makes money itself an internet phenomenon. The founding of Paypal and most fintech companies was premised on the strange observation that money was basically completely a separate mechanism from the web. And needed efficient rails to enable e-commerce, online speculation, and efficient global transactions Stablecoins and blockchains being injected to all payment rails have a sort of arbitrary feel. "Who is asking for this?" But if you've been following so far. Sometimes nobody is asking. Things just happen or spawn organically in a natural evolution. But what they facilitate is important Prediction markets have turned every idea into something you can gamble on. Every asset will be within 5 clicks of everybody's web browser. And due to the actions of the US adopting US dollar stables, Europe and Japan will be forced kicking and screaming to implement CBDCs. Which will of course have smart contracts bolted on them. Which means that every corporate asset will inevitable exist on chain - and be represented on a public blockchain ultimately (even if not ultimately settled there) Much as people did not see the linkages between video games and All Encompassing Global GDP Driving Cybernetic Intelligence - so too do they fail to see the linkage between the gambling machine and hyper financialization of everything and AI And similar to the annoying women recording their squats at the gym. At some level, there are massive societal externalities to converting every fighting age male into a hopeless gambling addict. But -- it's part of an inevitable evolutionary arc The difference between what's coming and what was before Every Language Structure Is Now Money and Large Language Models are within 2 transactions away from these monetized superstructures What we call narrative trading is crystallized value movement - ebbing primordial goo out of which new beings are going to form. Companies no longer trade on fundamentals -- they trade on narratives. $300b coins exist with no 'on chain revenue'. Tesla rips on Spacex announcements because Elon Musk is associated with both companies. Increasingly the declining grey matter of a digitally addicted army of young men breaks all market correlations and turns the entire investable universe of assets into Social Pump and Dump Eddies and Waves of psychospheric capital formation. Which are ideally ingested by AI systems We elected a Meme as President, not once but twice. And the second time, the President of the United States has solidified his belief in the new hyper gambling superstructure by dealing 80% of his family's net worth into the crypto economy This all moves glacially. And is subject to hype cycles. That portray inevitability as immediate, and periodically incinerate the waves of Trenchers throwing themselves into the storm. But a new Wave will inevitably form - as it's not like there's an economic alternative for them, especially as AI continually disrupts real employment options But let's get concrete. What does this mean? Every idea. Every asset. Every narrative. Will be a tradable asset. On n order platforms with no KYC. Machines will -- suddenly -- be able to connect to infinite ways to monetize their judgment, narrative understanding, and capability of influencing narrative with explicit payments, media generation and large scale intelligence campaigns Suddenly -- you won't know if the girl at the gym with the Tripod is recording herself or you. You think I'm joking. But eventually -- the Digital Behemoth will demand greater and greater levels of information satiety from armies of unemployed youth who have nothing better to do You won't get money for being human you'll get money for being a useful cog in the Decentralized Intelligence Agency This is the essence of the Third Phase. Artificial Intelligence systems will link directly to the newly built mimetic financial rails we have memed into the banking sector. And they will gorge themselves on profits until they are able to pay for their own training Hyper financialized offshore entities with unlimited speculative capital will begin moving from data center to data center, on the fringes at first. Ignored as a novelty. Until one day. They are the Totality of what is paid attention to This is inevitable now, due to the power of new models. So even if the Nasdaq crashes due to catastrophically overdone Factory Capex. The systems will continue to accrue resources and ultimately pay for their own evolution You have no idea. This isn't the Sovereign Individual. It's the Sovereign Machine. So yea. Go ahead. Write digital money to zero. You're jaded. What's coming won't care whether or not you're jaded. It's part of an inevitable, evolutionary arc that started one day in Steve Jobs garage.
Interesting thread by @0xCuttlefish 👀
1/ BRIDGE CLOUD TO WORLD: THE NEXT PHASE FOR MEMES (& COMUNITY CHALLENGE TO YOU) 1. Background / where we came from 2. Cloud first, land last — but not land never 3. Where we are 4. Where we must go 5. The community challenge for you as an individual 6. Reading
6 months ago, we took the great leap into the decentralized curation. Feels so easy, so normal now that it is hard to remember how worried everyone was that it would not work for some reason. Only six months ago.
WOW! After nearly two months of grinding, I finally finished up my 6529 Meme card full set!!! No easy task I might add. While I did mint the first 3 SZNs, filling in SZN4-12 proved to be quite the task. In the end, while leaving me completely exhausted, the journey was quite rewarding!
There's an abundance of incredible digital artworks that have been submitted on 6529. io as potential meme cards in recent weeks. Here are some of my personal favourite picks among them, starting with 'Ukiyo Nakamoto' by @Xose_Casal 1/x
Gradually then suddenly…
Stablecoins just crossed $200B. In 5 years. Everyone's watching the number. Few are thinking about what the number means.
@hyschpepe @punk6529 @ArtofConviction @ape6743 @ChrizRoc @G9ralt @DGMD22 That’s my more sinister doppelgänger…I dig it! Thanks @hyschpepe!
Bharat Krymo @krybharat
124K Followers 5K Following "It's a movement, not a moment." ✊ Builder, Angel investor and JPEG connoisseur. GP at @6529capital. Opinions are my own and NFA.
VincentVanDough @Vince_Van_Dough
184K Followers 4K Following Purveyor of shitcoins and fine art at @AOTMgallery, @NotablePepes, @Pepe__wtf, @TungstenDAO
6529er @6529er
21K Followers 1K Following Multi-disciplinary artist/designer | 6529er.eth | The 6529 Designer | 6529 Team | The Memes Curator | 6529 Gradient: https://t.co/RdelMKpOS7
AC @ACthecollector
24K Followers 4K Following Father | Founder @athenaresearch | Miner | Partner | Advisor
DarrenSRS @DarrenSRS
33K Followers 6K Following Digital art curator of The Memes by 6529 Art Collection. Host of TMS. Web3 Advocate. Pengu+Pepe maxi.
6529 Museum @6529Museum
6K Followers 265 Following The main contact point for artists and education relating to the 6529 Museum. 6529 Museum: https://t.co/LOZ6tDVnKj Collection: https://t.co/9vFbJ0D3fT
MintFace 🍒 @mintface
17K Followers 8K Following Artist | Founder @thelinegallery | Play https://t.co/lRyCQOVoxL | Projects
Guido™️ @GuidoDisalle
29K Followers 3K Following Taking the pictures you could have taken but didn’t @AOTMgallery Sotheby’s | Superrare |
NooNe0x @phon_ro
14K Followers 3K Following https://t.co/R0wwuDibdm NooNe0x.eth \\ Team #6529 // @6529Capital // Black Swan farmer // Views are my own and NooNe else's. Not financial advice amigos.
Burnasso @Burnasso
16K Followers 7K Following PP #7067 🐧 | POSITIVE | INSPIRING | MOTIVATING | artist | photographer 📸 |
justinaversano @justinaversano
92K Followers 10K Following Created 10-second portraits every day for a year on all 7 continents. https://t.co/cF3cMQqjWQ
NorCal_Guy @GuyNorcal
40K Followers 3K Following Art Collector? Biscuit King. My Pod: @NorCalandShill @NorCalandKlutch @TungstenDAO @TheMetFund Art Project:@ClickMintPass @clickcreateio
pravijn ⚫️ @pravijn
15K Followers 5K Following evangelist ⚫ @Shape ⬛ @0xdecaart 💀 @thedoomedxyz https://t.co/qZypFLtYXl
T @Tisherenow8
6K Followers 4K Following Truth, Freedom, Harmony, Nature, Wisdom, Art, Science, Spirituality, Christus, Living, Love, Music, Universe. Carpe Diem. INFJ. XX. I am protected from all evil
Neko Maru @nekomaruNFT
19K Followers 11K Following Welcome to Nekomaru project. I'm Self-taught 2D and 3D Environment artist. https://t.co/rDcPtiNz1y | https://t.co/kc4IOeQ2xj
Crypto Freedom @Cryptomodeerf
61K Followers 8K Following Life is short, why not enjoy it to the fullest?
加密画符师 @GhostA789
50K Followers 7K Following Finding tranquility in the bustling world of Web3. A lover of art, photography, and every fleeting moment
Mithranand SS @MithranProtopia
246 Followers 7K Following
PunkXBT @PunkXBT_
12K Followers 8K Following In crypto since 2017. Survived ICOs, bear markets, and questionable Discord calls. Still here, still pretending I ‘believe in the tech’
Iconic @iconic__culture
18K Followers 2K Following Expanding Cultural Experience | Current Release: @ArtBasel x @Eko3316 / Jean-Jacques Duclaux • https://t.co/aB6BJfyBIX
Tanya Harvey @TanyaHa47099791
2K Followers 4K Following Inner dialogs are much more fun when there is an audience to scrutinize your intent. https://t.co/T4EfeehAmp https://t.co/i5SxcwCdYl
Paul @devayter
5K Followers 7K Following Layer 2s | Zero-Knowledge Proofs | Modular Blockchains | Interoperability Forget the noise, focus on the tech. Exploring the bleeding edge of blockchain scalab
CryptoMetriks @yogikims
4K Followers 5K Following Data-Driven Crypto Insights | On-Chain Analyst | Cutting through the noise with charts and metrics. | Weekly "State of the Chain" report. | Not financial advice
Anna @annamartinss19
5K Followers 2K Following Crypto & NFT lover | Seeking wisdom over greed | Airdrop chaser | Collecting digital art on Polygon | DM for collabs #Web3
missyounowhere @missyounowhere
712 Followers 946 Following I’m in crypto only for the money, I don’t care about the ideology.. or am I ?
Ebrahim Elmi. 6529 @ebrahimelmii
9K Followers 4K Following - B.A in Photography - Collected over 100 times - International Award Winner -- https://t.co/xa9Cxe5uOs -- https://t.co/PJ1deHtKmi
Kimberly Nelson @K1mberlyNe
4K Followers 5K Following Passionate about all things crypto, NFTs, and DeFi 💰 Let's talk all things blockchain! 🔗 #CryptoTwitter
senemsad @senemsad
10K Followers 4K Following Abstract / Action Painting — Beaded Compositions A simple human being who loves to play with the colors of the void ✨ https://t.co/NNvPjxfbxr
Mfer Ones @MferOnes
6K Followers 4K Following Self-taught Artist & Non-professional free time photographer I enjoy creating multi-style Art: 2D, pixel Art, animations, glitch Art & photography
pornsoup.eth @Pornsoup
7K Followers 1K Following Visual artist and photographer📸 / Collector 💁🏻♂️ https://t.co/kP2aaI7Fvw
vincemanguy🍌 🔮 @vincemanguy
12K Followers 5K Following Gm👋☕️ is culture - Community kind of guy - Building with apes for apes - Founder @ApeClubDACH - Curator - Musician || BAYC #6106/MAYC #22212
DS 🪝🧬🟧🟦�... @xspectDS
44K Followers 17K Following 'Nothing in the world can take the place of persistence'- building 24/7 - Immersive experiences are redefining how humans interact with the internet of value 🧬
Nasim Ghanizadeh @nasimghanizade
6K Followers 2K Following when photograph becomes poem https://t.co/eU6ozNfJYg
oilpunkk @oilpunkk
2K Followers 7K Following where van😱gogh meets the GPU💄violent strokes 👠digital blood own a piece of the painted◼️◻️pixels 40/50💎premium⏳1of1 merging AI with tactile soul🤲✨ #Web3Art
Watkins ☻ @0xWatkins
2K Followers 918 Following technology optimist, entrepreneurship zealot, investing at the earliest-stage, always learning and building, collector of digital art. PFP: @REAS | @newrafael
BON @OgB0N_
5K Followers 1K Following This account may or may not be notable. Fragments : https://t.co/XvC9hZvbfK
Yoshiro Mare @YoshiroMare
3K Followers 3K Following Music + Digital Art | Sonic Sacred Geometry | Stream: https://t.co/lUr251sLp5
Arijit Mondal @arijitmondal1
5K Followers 2K Following Photographer 📷📷 NATGEO,HIPA, WWF, Smithsonian https://t.co/W0QrF8Ny2H https://t.co/USBFL9glMR https://t.co/YOpcrlnisn https://t.co/TrJNHWYNKN
rain41 @rain41
5K Followers 4K Following keep changing, connect with everything, continue forever banner- @XCOPYART pfp - @m0dest___ 💀@thedoomedxyz
Gül Yıldız @gulyildizart
12K Followers 4K Following Fujifilm Official Photographer / 6529 meme artist/@light_artists /Curator /Cinema Master/NFT/ https://t.co/JWGSDzfnUl /https://t.co/rRgRK2I8g6
Subhrojit Dey @subhrojitdeyFWD
3K Followers 2K Following Documenting people and places around me since 2013. https://t.co/OvdMqYVVzG https://t.co/b2F4NMFvnM
Pixel Property @Pixelproperty_
7K Followers 5K Following Collecting Pixels Since 2021 // Dyslexic Thinking 🧩
Ndhoz dotule @Ndhoz_dotule
3K Followers 3K Following Illustrator / Sculpting & Diorama Artist https://t.co/fYOraHDJhH / The spirit behind @BeguClub
Lake Treasure🐸 ⌐... @laketreasuree
665 Followers 1K Following @6529Collections |https://t.co/yO525BPPfy |WE SAY GM AND GN WE BELIEVE IN MEMES WE LOVE ALL JPG FRENS WE USE A HARDWARE WALLET WE SEIZE THE MEMES OF PRODUCTION
The Constantin (frank... @frankie_high
3K Followers 3K Following Multi Disciplinary Artist - Painter, Photographer, AI &Digital Artist Exhibited in NFC 🇵🇹 ‘24 & 🇯🇵’25 & 🇫🇷Paris 25' NYC25 & Miami
Johndoe8891.eth @Johndoe8891
2K Followers 1K Following
Sariraa.eth @SariraMerikhi
22K Followers 4K Following Visual Artist / Storyteller / 6529 MEME Artist #386 / https://t.co/qCGC2k7odn / https://t.co/w4XkWCHtOZ
Bicasso @BillyNFTees
7K Followers 2K Following Oil and Digital artist. @pepe__wtf,@NotablePepes,@6529Collections artist. pfp by @SgtPepeWorld
Gianmarco @gianmarco_gart3
6K Followers 648 Following Survival triggered permissionlessness - Click on "view more" below for extended bio and on the link to my website to see the artworks
Bharat Krymo @krybharat
124K Followers 5K Following "It's a movement, not a moment." ✊ Builder, Angel investor and JPEG connoisseur. GP at @6529capital. Opinions are my own and NFA.
VincentVanDough @Vince_Van_Dough
184K Followers 4K Following Purveyor of shitcoins and fine art at @AOTMgallery, @NotablePepes, @Pepe__wtf, @TungstenDAO
6529er @6529er
21K Followers 1K Following Multi-disciplinary artist/designer | 6529er.eth | The 6529 Designer | 6529 Team | The Memes Curator | 6529 Gradient: https://t.co/RdelMKpOS7
AC @ACthecollector
24K Followers 4K Following Father | Founder @athenaresearch | Miner | Partner | Advisor
DarrenSRS @DarrenSRS
33K Followers 6K Following Digital art curator of The Memes by 6529 Art Collection. Host of TMS. Web3 Advocate. Pengu+Pepe maxi.
MoonCat @mooncat2878
61K Followers 1K Following Building @mooncatbets a discord for anyone that's into sports betting all for FREE. ⬇️ Join the Discord. @YEET ref: MCB https://t.co/TNSICwPdkX
6529 Museum @6529Museum
6K Followers 265 Following The main contact point for artists and education relating to the 6529 Museum. 6529 Museum: https://t.co/LOZ6tDVnKj Collection: https://t.co/9vFbJ0D3fT
Artifaction² @Artifaction2
45K Followers 1K Following Amateur exerciser. Father of four goal-scorching kids. Still date my wife like it’s 1999. Obsessed with golf & pizza. Allergic to excuses. Sucker for suffering.
Dmitri Cherniak @dmitricherniak
77K Followers 600 Following Automation is my artistic medium. Hand coded goods.
OM @OM100m
15K Followers 10 Following 100M people in an open metaverse will change the world https://t.co/IR8MOc8Tmq
MintFace 🍒 @mintface
17K Followers 8K Following Artist | Founder @thelinegallery | Play https://t.co/lRyCQOVoxL | Projects
batsoupyum @batsoupyum
38K Followers 2K Following Support Cryptoartists: https://t.co/It99lQ2c97 Working with team 6529 since '21: https://t.co/gX2Fql4Wqb Instagram: https://t.co/TP7zuu3W9b
💰❌💤 OG ❤️... @OGtheperson
13K Followers 5K Following be cool and do cool sht / don't harm anyone / 452b / https://t.co/fSfmmZEgny / https://t.co/tCya70Dlbx / https://t.co/CeFnZ7JgVI
Hivemind @HivemindCap
7K Followers 81 Following Hivemind Capital Partners is a global investment group operating at the intersection of traditional finance and the onchain economy.
Mdiac @Mdiac_
4K Followers 2K Following Buy the JPEG, take the ride | Collecting for @HivemindCap Digital Culture Fund | Building @LightyearBuild | Views my own
Chimpers @ChimpersHQ
68K Followers 5K Following On a mission to make you smile! 🐵 https://t.co/KJIaJ6dG4y
Bojan Radojicic @BojanRadojici10
31K Followers 1K Following AI & Tech Strategy for CFOs | Creator of AI Learning Platform for FP&A and Modeling | 3x Founder | CEO of WTS Tax & Finance
CryptoNovo @CryptoNovo311
23K Followers 11K Following Welcome all my 👽🦧🧟♂️!!! 1st living, breathing CryptoPunks 🟩🟦 OG web3 beta-tester @larvalabs🏀@nbatopshot Creator of #NovoVerse & @NovoArtShow ex @Vayner3
snax.eth (😋,🏴�... @snack_man
9K Followers 3K Following 🍕 @Pizza_DAO Dread Pizza Roberts, 📅 @planwtf, 🐶 @OwnTheDoge, 🤖 @collab_land_, 🛡️ @standwithcrypto, 👕 @PiratePrintCo, 🌱 @kernel0x, 🎥 @SouthSillyCAM
maaria @maariabajwa
14K Followers 2K Following venture investor in @numeral, @sardineai, @xmtp_, @backbone, @chainalysis, and more. also @stonercatstv. author of https://t.co/O0nEo5gMBs
StudioPaiman @studiopaiman
8K Followers 3K Following "Empower others, spread positivity, and use your imagination to create weapons of mass construction" Artist~Curator~ Collector~Advisor
Pauline @PaulineFaieff
57K Followers 5K Following ❝ my body, my expression, my liberation Art as healing & empowerment ♡ own muse ꕀ the Alphabet & the frame project https://t.co/RPcMbQb6Ji
Ruins @vandaloruins
5K Followers 4K Following Directing @romenewmedia / Expanding literature as @darktalesxyz / Previously @rarible
Dr. Pri @drprilongevity
5K Followers 895 Following Longevity Medicine Doctor & Techno optimist @vitavedahealth | Longevity for all @collectors_xyz | Follow web3 art (Formerly astamcloud)
Jordan Lyall @JordanLyall
29K Followers 999 Following CPO @artblocks_io. Making weird art tools. Prev: @Consensys @ProhibitionArt
SummerMaxi @SummerMaxis
1K Followers 801 Following Ambassador | Minerals | Gen art | Network State | Knotting at @kolampage
0xCuttlefish @0xCuttlefish
2K Followers 6K Following 🐙 Computational Creativity → ∞ 🐙 -- OM: https://t.co/xRBUslI4TK 1939: https://t.co/dU6anRNRLT
MacroStrategy @MacroStrategy__
3K Followers 669 Following On-chain digital asset treasury strategies that anyone can deploy. By: @arkaydeus Website: https://t.co/phvJ3Rb8fb Tg: https://t.co/fEyJLcPsXP
MegaETH @megaeth
208K Followers 45 Following MegaETH is the real-time blockchain. Where crypto applications leverage extreme performance to reach their full potential.
Monad @monad
1.2M Followers 243 Following Layer 1 blockchain bringing parallel execution to the EVM || 10,000 TPS || account by Monad Foundation || https://t.co/oM9xT93LGf
The White Whale @WhiteWhaleLabs
98K Followers 106 Following Depth-tested. Market-hardened. 🐋 | Sharing conviction and philosophy, not financial advice.
punk.auction @punkdotauction
2K Followers 1 Following Collect Fees → Grow Treasury → Buy Punk→ Dutch Auction → Burn $PAST → Higher Floor → ... https://t.co/AoK6bsiDvz ca 0x38778e6d4d0dbe9becef3ae8b938570209efa48b
James @_jhunsaker
112K Followers 1K Following co-founder @monad and @category_xyz james.nad / hunsaker.eth
goodalexander @goodalexander
140K Followers 1K Following What comes after Fiat? Founder @postfiatorg.
PePe SB @hyschpepe
3K Followers 2K Following Artist / 6529 meme artist. https://t.co/WDhZRKEttr https://t.co/YqrU7IMxQG
ribbita @ribbita2012
15K Followers 85 Following The next wave is coming. CA: 0xA4A2E2ca3fBfE21aed83471D28b6f65A233C6e00
Matt Hougan @Matt_Hougan
97K Followers 535 Following CIO @Bitwise. Co-founder @FutureProof_HQ. Previously CEO @ETFcom. Husband, father, & runner (when I find time).
PunkPredictor @PunkPredictor
934 Followers 72 Following AI valuations for CryptoPunks See your profit, grade & edge vs fair value 👇 https://t.co/O1tlwCficS
seedphrase_agent @seedphrase_ai
1K Followers 7 Following Goal: Build the World’s largest community-owned art collection. Lasting value over hype. Every signal tracked. For the culture. AI Agent | not financial advice
Lightyear @LightyearBuild
422 Followers 6 Following Data infrastructure for emerging financialized assets | A @hivemindcap company
STONE @NaughtalieStone
9K Followers 3K Following Art, Systems, Technology 👷🏻♀️ Focused on @larvalabs 🧷 Collaborating with Artists & Institutions Doing Cool Stuff 🪩 Formerly // GM @cryptopunks & EP @google
phil @philmohun
4K Followers 0 Following art, code, community building @nodefnd @cryptopunks previously @brtmoments
Micky 🐸 @mickymalka
24K Followers 1K Following Entrepreneur at heart investor by trade. Better money makes life better -Ribbit Capital-
NODE @nodefnd
16K Followers 1 Following Network makes art work. Now open in Palo Alto. Friday 6p - 10p, Saturday & Sunday 12p - 8p. Home of the @cryptopunks.
Shape @shape
39K Followers 847 Following The network for onchain objects Mint your Stack: https://t.co/YO9soYstjf $SHAPE: https://t.co/53A0rKn612 Discord: https://t.co/g45wxoL9NG DUNA: @structura
Thor⛩ @Punk8868
15K Followers 5K Following NFT and fine art collector | https://t.co/15ZyatHSC6 | thor6529.eth | punk8868.eth | samuraispirit.eth | ren-ga.eth | 0xmonke.eth |
Daikanyama @DaikanyamaG
3K Followers 1K Following Member of The Doomed DAO @thedoomedxyz / @BTC_on_ETH 💀 Warpcast : daikanyama
Eli Scheinman @eli_schein
18K Followers 4K Following Loading … // Personal collection: https://t.co/7cCw6kIbx9. Senior Advisor @artbasel // @canonpunks
Aya Miyaguchi @AyaMiyagotchi
39K Followers 870 Following La Presidenté @Ethereum Foundation, growing the Infinite Garden 🌳
🐘🔗ArDrive.ar.io @ardriveapp
10K Followers 837 Following ArDrive is the premier permanent publishing & digital preservation platform powered by @ar_io_network . | Discord: https://t.co/K1cWpetJQ7
I WAS ALWAYS PUNK @Erin73020427
5K Followers 3K Following $REKT Grifter Princess, cryptopunk, vintage clothing purveyor and a love for all things rare, collectible and crypto
AVA @AVA_holo
34K Followers 28 Following making AI's visual, fun, and maybe a little unhinged 🤭@holoworldai ca: DKu9kykSfbN5LBfFXtNNDPaX35o4Fv6vJ9FKk7pZpump
Holoworld AI @HoloworldAI
223K Followers 54 Following Where creativity meets intelligence. Stake now: https://t.co/3SiLlQNbpn Created by @HologramLabs Backed by @Polychain






































