osama
@osama
don't normally speculate in public but i think we'll see some amazing consumer crypto products over next year/two. i don't think polymarket will slow down after elections. excited for new payment plays. i don't like the one giant owning it all but kudos to coinbase for creating this almost out of nothing. yea yea eth this and L2s that but some big brains did solid product thinking which led to base, hosted wallets, pay, cards, et al ... all great infra for next-gen, global fintech. if anything, i don't think trad vc will be able to capture value. like ai, builders will build permissionless, niche (maybe ephemeral) apps. not caring about "vc scale" </ted-talk>
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Syed Shah🏴☠️🌊
@syed
Agreed. VC scale I think is of a bygone era where a few central parties could capture vast majority of value in a network. Some filtering will be good. Capital allocation has gotten a bit silly and some pruning would be good. From an end user perspective it's all very exciting and the potential wealth distribution seems like a much needed respite from current economic climate. I'm just very optimistic about it all in general.
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EmpiricalLagrange
@eulerlagrange.eth
A side quest of mine is to fix the unbalanced relationship between apps and rollups. Base makes 30m/mnth, 0% chance that gas is priced based on DA limitations. Free money. What would be better is if rollups returned a portion of sequencer fees to apps that provide tx pressure. Much easier to build an onchain business
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EmpiricalLagrange
@eulerlagrange.eth
A version of this using gas as the metric called CSR was tried on Canto. Didn’t work because it’s gameable, and encourages bad contract design. What works is if you have a Sybil resistance signal. Then you can pay out based on DAU/MAU. Would be huge for crypto imo
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EmpiricalLagrange
@eulerlagrange.eth
I wake up every day, look at my charts of North Star metrics, and reflect on if my time is spent impacting it. This mechanism would reorient the economics of crypto where everyone cares about DAU/MAU. zkTLS is better than worldcoin imo because you can target specific users like gamers 😉
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Syed Shah🏴☠️🌊
@syed
What’s your North Star metric out of curiosity? (Or is that trade secret)
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