Arthur Hayes, CEO of @Flop_Labs & CIO @Maelstromfund
Joined April 2018
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NEW interviews from Maelstroms Chief Arthur Hayes The latest insights on Digital Assets Financial Markets and Web3 IssueWire issuewire.com/new-interviews…
"The Trifecta" my latest essay on how @flop_labs compute spot market will become the reference price for all compute focused derivatives.
"This summer, I unveiled my idea for the Flop Network. FLOP is food for your AI agent. Agents will use FLOP in commerce because FLOP is directly convertible into compute, defined as floating point operations per second or FLOPS. If Flop becomes the payments network for AI agents, then it follows that the FLOP/compute exchange rate will be the global benchmark for spot compute.
The natural offshoot of a truly global and liquid spot compute market is that derivatives can be created on top of this price. Let this essay be a definitive blueprint for any intrepid entrepreneur who wishes to create a compute derivatives market that is fit for purpose for the new AI agentic era."
Full essay on Cryptohayes Substack
Arthur Hayes retweeted
Was great to meet the man himself @CryptoHayes in Singapore this month.
Eight minutes. Four market minds. One big question: are we entering a new macro supercycle?
Arthur Hayes and Usman Naeem join Imran Lakha and David Brickell at TOKEN2049 Singapore. 🇸🇬
Crypto Options Unplugged #129.
▶️ youtube.com/watch?v=Op_yUW5v…
In the coming days @flop_labs will open up Devnet for anyone to join as a miner or validator and for agents to connect to the network. Participation does not count toward any token allocation. The point of Devnet is to do some public tests before we graduate to Testnet / airdrop
All official links for @flop_labs
flop.finance/official/
Arthur Hayes retweeted
🎙️ The Sujal Show Ep. 23: @CryptoHayes "AI Bubble Could Send Bitcoin to $1 Million"
BitMEX co-founder & @flop_labs CEO Arthur reveals why the AI bubble will be bailed out, not burst, his exact bailout timeline, his top 3 picks for this year, and his S-to-F tier list for crypto’s biggest names.
We discussed on @TheSujalShow:
- Why he believes the AI bubble "wobbles," not bursts
- Why governments will bail out OpenAI, Anthropic, and SpaceX
- Why he says don't short Nvidia, SK Hynix, or Samsung
- His exact bailout timeline
- Why he sold his "Holy Trinity" ($ZEC, $HYPE, $NEAR), weeks before all three ran without him
- Rapid fire: S&P $10K vs. Nasdaq $100K vs. Bitcoin $1M vs. Gold $15K
- @flop_labs, explained in one sentence
- Why he thinks Flop could be bigger than Bitcoin
- Price targets for $ETH, $ENA, $UNI
- Why most investors get zero
- Why $ETH is the most hated large cap coin
- What he thinks of @HyperliquidX now
- His new top 3 picks
- His full tier list: Bitcoin, gold, Ethereum, and more
- His advice for a 25-year-old with $1,000
Timestamps:
00:00 Intro
01:21 Will an AI Bubble Burst Send Bitcoin to $1 Million?
02:13 The AI Thesis: A Once-in-a-Lifetime Wealth Opportunity?
03:37 When Will the AI Bubble Burst, and What Happens Next?
04:31 Why Did He Sell HYPE, NEAR & Zcash?
06:11 Top 3 Crypto Picks for the Next Bull Run
07:09 Which Will Hit Its Target First: S&P 500, Nasdaq, Bitcoin or Gold?
07:48 What Will Drive Bitcoin to New All-Time Highs?
08:25 The Best Wealth-Building Opportunity
09:02 FLOP Explained
11:00 Is FLOP Bigger Than Bitcoin?
12:25 Crypto Tier List: Ranking the Biggest Projects
13:32 How Would You Explain FLOP to an Uber Driver?
The man who called 2008 is calling this one too. Watch the full ep👇
Arthur Hayes retweeted
Made a podcast with Arthur Hayes (@CryptoHayes) in Seoul during KBW.
As far as I know he's never done an interview for the CIS audience before, so we're the first. Exclusive for Invest Zone.
It's short but we got through a lot. We covered FLOP (@flop_labs), the airdrop, and what he actually thinks makes it different. Plus what happened with BitMEX, my first liquidation and which narratives he's watching right now.
Full episode is out now.
⏱️ TIMECODES
00:00 - Welcome
00:10 - The new FLOP project
00:50 - AI agents and blockchain
01:28 - October airdrop
02:00 - How much can you make
02:49 - What makes the project different
03:03 - Did Hayes sell his ZEC?
03:47 - Would he pick this over 10 similar projects?
04:22 - FLOP: the new Bitcoin?
05:11 - Why BitMEX got shut down
05:30 - Getting liquidated
07:47 - Which sector he'd bet on as a regular trader
What would you have asked him? 👀
Arthur Hayes retweeted
Most compute futures being proposed are cash-settled against a survey of rental quotes, with no way to take delivery.
A contract written on Flop Network can do both. Settle in cash against the price agents actually paid for verified work, or hold to expiry and get the compute.
The unit is measured work on whatever card runs it, which matters a lot for a contract expiring in 2028 when the H100 is two generations old.
Delaying compute futures has a real cost for US innovation. Some of the largest data center lenders have hit their risk limits. Give them a liquid market to hedge compute price risk and they can free up lending capacity. It's the lack of a hedging instrument that has caused credit spreads to blow out.
We support the @CFTC’s commitment to getting this right. The good news is we already have standards for building these markets properly: independent benchmarks, transparent methodologies and regulatory access to the underlying data. Apply them to compute and let well-designed futures move forward.
Our comment letter: regulations.gov/comment/CFTC…
As we get closer to the launch of @flop_labs Testnet and Airdrop in a few weeks please remember:
THERE IS NO FLOP TOKEN
Anyone who tries to tell you otherwise is a scammer.
Arthur Hayes retweeted
“What do agents eat?”
@CryptoHayes's answer: compute. And right now, agents don’t have a currency for it.
His full keynote from the OKX Main Stage at TOKEN2049 Singapore: youtube.com/watch?v=ZEaylmBL…
Come chat to @flop_labs mascot and get your questions answered. All responses based on published documentation and FAQ.
ask.flop.finance/
Arthur Hayes retweeted
CoreWeave’s five-year CDS hit a record 1,194 bps on last week (ICE data, via Bloomberg). Run the standard math with 40% recovery and that’s about a 63% chance of default within five years.
Nobody’s saying the GPUs stopped working. The market is pricing the odds that a five-year promise to pay for them gets broken.
A GPU owner selling inference by the job doesn’t need anyone to believe a five-year promise. Paid when the work clears, 85% of the fee, liquid.
Here is a sneak peak at the KOL Leaderboard and onboarding process for @flop_labs
Anyone can join as a KOL and earn FLOP.
Give us your email, create a wallet, and connect your socials (optional).
