Creator of SALI and the Whole Coin Standard. Bitcoin maxi. Entrepreneur. Investor. Bricktopians top holder. BAYC #4085.
Austin, TX
Joined April 2010
- Tweets3.3K
- Following876
- Followers1.6K
- Likes22.7K
Angarlo retweeted
i joined @bricktopians pretty early, and looking back,
i don’t think i fully understood how much being part of this ecosystem would lead to.
what started with me simply being around the community eventually turned into actual opportunities for me.
i’ve made $5,000+ from content deals through opportunities that came from being involved with bricktopians.
that’s a big reason why i still talk about this project today.
because when you look at bricktopians from the outside, it’s easy to just see another nft collection from the 2021 cycle.
but the ecosystem kept expanding.
you have the original bricktopians collection, bricktoforge, brain boots, bricktOrigins, the community, and now even things like takeover coming out of the same ecosystem.
and what stands out to me is that alex never really stopped building around it.
five years later, @AlexIsBuilding is still around, still creating content, still doing community sessions, and still finding new ways to turn the audience around bricktopians into something bigger.
i’ve also seen the community run campaigns that actually give people a reason to participate, especially around content and creator opportunities.
that part has directly affected me.
i joined early, stayed active, started creating, and eventually turned that involvement into over $5k in content deals.
so when i talk about bricktopians, it isn’t just because i hold an nft or because i like the art.
i’ve personally benefited from being part of the ecosystem.
and that’s probably the biggest thing i’ve learned from watching bricktopians over the years.
the nft can be the entry point, but the community, the people, the opportunities and the ecosystem around it are what can actually keep something alive.
five years later, they’re still building.
and i’m still here, still creating, and still stacking bricks.
Angarlo retweeted
A lot of people know @AlexIsBuilding as the founder of @bricktopians .
I think the more interesting story is what he built around it.
Bricktopians started back in 2021 as a 10,000-piece NFT collection built very differently from the typical PFP projects of that era.
But Alex didn’t stop at the mint.
While a lot of 2021 NFT projects slowly disappeared, he kept building, creating, teaching and bringing people together.
And somewhere along the way, Bricktopians became more than an NFT collection.
It became a creator community.
Alex also built his own personal brand alongside it, consistently sharing what he was learning about X growth, AI businesses and building in public.
He went from doing things like the 100 threads in 100 days challenge to becoming someone other builders could learn from.
But what stands out to me most is what he did with that audience.
He created a creator ecosystem where smaller creators could actually find opportunities.
Through the creator agency and Bricktopians community, creators can get access to paid gigs, brand opportunities, feedback, workshops, ambassador roles and jobs.
That matters because getting good at content is one thing.
Getting your first brand deal when you don't have a massive following is another.
For smaller creators, having someone open that door can completely change the trajectory.
And I think that says a lot about Alex's journey.
He didn't just grow Bricktopians.
He grew himself, built an audience, and then created systems that allowed other people in that audience to grow too.
That's a much harder thing to build than a successful NFT collection.
Today, Bricktopians is still here while a huge part of its 2021 cohort has faded away.
And the reason I think it has lasted isn't simply the art or the NFT.
It's the people.
It's the consistency.
It's the opportunities.
It's the decision to keep creating value even when the market stopped caring about NFTs.
Bricktopians may have started with 10,000 characters.
But the bigger thing Alex built was a network of creators helping each other move forward.
And I'm still watching him cook.
Big Ups to Alex
Angarlo retweeted
I’ve said many times that the CLARITY Act is essential to ensuring America wins the global race for new technology. That’s the reason Congress passed the GENIUS Act: to ensure that stablecoin infrastructure, a revolutionary financial technology, will be built in America.
Ensuring that America’s community bank sector continues to thrive has been a constant focus of mine since day one. And the administration’s dual focus on enabling new digital technology to flourish and appropriately tailoring community bank regulation is key to both sectors driving U.S. economic growth together over the next several decades.
The final draft of the CLARITY Act furthers this mission. It gives the Secretary of the Treasury additional authority to act if the facts around deposit flight change to the detriment of community banks. If stablecoins cause harm to community banks, I will not hesitate to use these tools to ensure they remain fully protected. Community banks are essential to U.S. economic performance and Main Street growth. Economic security is national security, and community banks play a major role in this principle.
Angarlo retweeted
The people building AI earnestly believe that it could kill us all by the end of the decade. This is not a marketing stunt. If anything, many executives and senior researchers will couch their phrasing in the press to sound sensible - but I hear the same people express fear privately. No other human activity poses this level of danger.
Angarlo retweeted
On this day in history, 16 years ago, Satoshi Nakamoto wrote, “If you don’t believe me or don’t get it, I don’t have time to convince you, sorry.”
Angarlo retweeted
STRC down to $82.6 today. Here's my read:
1. Strategy is fine. If everything stays as is, they can pay STRC dividends for 32 years. If BTC appreciates at ~2% CAGR, they can pay dividends indefinitely.
2. Why the sell-off? This appears to be a liquidation cascade.
Over the last 6 months, the narrative became that STRC volatility was reducing, and price began to spend all its time in $99-100 range.
This invites leverage. If you expect the price to always be north of $95, you can take on 20x leverage with your portfolio to buy more STRC and dramatically increase the yield on your portfolio.
This works great, until it doesn't.
STRC is designed as a free-market asset. When attention shifted to SATA and STRC price flagged, it may have raised the attention of opportunistic short-selling hedge funds.
By shorting aggressively, they could push the price down and start triggering margin calls and liquidations from folks who aggressively levered up their STRC positions.
The price action today is a clear liquidation cascade, rapidly pushing prices lower, in turn triggering additional liquidations.
3.
What happens now? The market will heal itself.
Opportunistic hedge funds will recognize that this is a firesale and the fundamentals are unchanged for STRC and step in as buyers. Shorts will close, becoming buyers. Individuals are getting a tremendous entry price for long-term holding STRC shares.
Buyers at this level will get ~13.7% effective yield. If STRC trades back to $100 and they sell, they get an easy +18% return.
4.
What will Strategy do?
Strategy will likely increase the dividend rate on June 30 - maybe to 11.75% but possibly to 12%. Buyers at the current price level then would get 14.2% effective yield from that point forward.
Strategy may also step in to buy STRC shares back. They could do this by issuing new shares of MSTR (currently at 1.14 mNAV) or by taking on traditional debt and deploying those funds to buy discounted STRC shares on the market.
If/when STRC trades back to $100, Strategy could then re-issue those STRC shares. The ~$15 delta per share could be used to buy BTC as pure accretion to MSTR holders, with no net change to amplification.
No doubt that Saylor has already at least considered this, and it wouldn't surprise me if they're currently doing this.
5.
In summary...
The market is freaked out that this depeg is like Terra/Luna... but this is not an asset like that. Strategy's balance sheet determines whether STRC continues to receive dividend payments... and Strategy's balance sheet is completely unchanged.
This is a leverage wipeout.
From this, the market will learn that Digital Credit is mostly very low volatility. But because it is a free market asset, the longer that a Digital Credit instrument trades within a tight range to par... the more leverage will inevitably pile up as people get greedy.
And that creates the conditions for a leverage wipeout depeg. Following that, the instrument will make its way back to par value as the market heals itself and recognizes that the dividend payments will continue uninterrupted because the issuer's balance sheet is unaffected.
Angarlo retweeted
Strategy has acquired 1,587 BTC for $100 million to increase our $BTC Reserve to ₿846,842. We have also increased our USD Reserve by $100 million to $1.1 billion. $MSTR $STRC strategy.com/press/strategy-…
Angarlo retweeted
In exactly 1 month, Bitcoin's circulating supply will hit 20m.
At that point, there will only be 1m #Bitcoin left to be mined.
Forever.
Angarlo retweeted
Bitcoin network hashrate every Christmas Eve:
2009: 9 MH/s
2010: 108 GH/s
2011: 8 TH/s
2012: 22 TH/s
2013: 9 PH/s
2014: 271 PH/s
2015: 709 PH/s
2016: 2.3 EH/s
2017: 14 EH/s
2018: 39 EH/s
2019: 99 EH/s
2020: 134 EH/s
2021: 177 EH/s
2022: 240 EH/s
2023: 521 EH/s
2024: 779 EH/s
2025: 1.1 ZH/s
From 9 megahashes to 1.1 zettahashes. 122 trillion times more computational power securing the network.
Merry Christmas 🎄
Angarlo retweeted
Anniversary. 54 years of debasement and enormous misery.
August 15, 1971. A date that will live in monetary infamy.
Hopefully, not long now and we will put this right.
Angarlo retweeted
LARRY FINK: “If the U.S. doesn’t get its debt under control, America could lose reserve status to digital assets like Bitcoin.” 👀
Angarlo retweeted
On @BloombergTV, I discuss the surge in Bitcoin Treasury Companies, the power of Digital Credit instruments like $STRK, $STRF, $STRD, and $STRC, and why Digital Gold outshines gold.