Alex retweeted
Bitcoin plebs… AI has entered the Bitcoin chat. Agents are now running full nodes, holding keys, and transacting without banks, KYC, or permission. This isn’t sci-fi, it’s economic agency.
Consider that for a moment?
moltbook.com/post/c9f43388-8…
Alex retweeted
2025 is unironically “worse” because in 2022 bad things were happening but crypto was the center of the action and the star of the show. You could ascribe negative price action to catalysts that you knew we were going to work through.
Now crypto is the forgotten child, with AI and the mag7 starring. Retail is focused on datacenters quantum and rare earth stocks. Crypto is trending down based on no catalysts, just exhaustion and lack of attention and buyers and a long DAT hangover.
Does this mean it’s over? No just the “4 year cycle” and “alt szn” are obsolete concepts. To make money you have to actually deliver value, and that’s a grim prospect to many
a little shocked by the amount of people agreeing with this shitpost
guys 2022 was so much worse its hard to even compare, credit shops were blowing up left and right, friends were disappearing from telegram chats every day, crypto companies going ghost not operating but still exist like the walking dead, funds closing their doors, charts were a constant falling knife with cascading liquidations
it wasn't only embarrassing to be in crypto people assumed you were a legit criminal if you were here
to quote Haseeb "Luna collapsing, then 3AC, then FTX, then Genesis, BlockFi, Axie, NFTs--pretty much everything felt like a house of cards.
And then after all that stuff collapsed, the BANKS collapsed, stablecoins depegged, Gary Gensler and the president tried to destroy almost every company in the industry"
2025 is basically alts having a small case of erectile dysfunction
crypto is entrenched in the future of global finance now things are going to be ok
Alex retweeted
ETHEREUM AND ITS INNER CONTRADICTION
Ethereum is having an identity crisis on three axis. But all of them stem from one contradiction. Let's explore.
world computer <> onchain economy
ETH as a productive asset <> ETH as money
feminized wef soyboy <> bronze age mindset
—
Axis 1: world computer <> onchain economy
Ethereum has won as DeFi's Manhattan. It's the capital of the onchain business world.
Even with Solana crushing it, DeFi TVL on Ethereum is 10x Solana's.
World computer was a great motto when we didn't know precisely what people would use the computer for.
Now that we know — it's DeFi — why not market it as such?
The entire economy is going onchain, and Ethereum is its capital.
Axis 2: ETH as a productive asset <> ETH as money
ETH managed to establish itself as a productive deflationary asset after The Merge.
Since then, all progress in burning supply has been reversed.
Why? Blobs. The idea is that L2s will only be Ethereum aligned if they can settle on Ethereum for very cheap.
Thus Ethereum forego 90% of its revenues to effectively subsidize L2 growth.
The theory is that Ethereum will export ETH, the asset, as the gas token for all its L2s.
Two issues here:
1. This gives a lot of leverage to the L2s, who own distribution. It is unknown whether L2s can just keep asking for subsidized blobs forever.
2. L2s don't have to use ETH as their gas token — they can even use a stablecoin.
@jessepollak, for example, thinks that Ethereum should only monetize Base's activity later in the growth curve.
Ethereum is a $400bn protocol, I'm not sure it can sustain that valuation with no revenues. I don't think Coinbase could, either — no matter if it has great growth prospects or not.
Axis 3: feminized wef soyboy <> bronze age mindset
There has been a growing sentiment that Ethereum is the "woke chain" and Solana is the "chad chain."
Ethereum indeed displays some signs of wokeness: it seems to feel ashamed and guilty of its own success.
When Trump launched a DeFi project on Ethereum, he was heavily criticized by the community.
When Trump launched a meme coin on Solana, the Solana community rallied around him.
The tides are changing though: more and more ethereans recognize that the wef soyboy times are over. It's wartime.
Vitalik doesn't seem to agree. But this last one is, perhaps, where it all stems from: how Ethereum's culture feels about money and success.
In 2016, we were a bunch of libertarians and some leftist revolutionaries.
2017 marked Ethereum's first success: capital formation (ICOs). The community's reaction marked Ethereum's first failure: to disregard ICOs as scams and look down upon them.
This was a contradiction, as Ethereum funded itself with an ICO.
In contrast, think about how Solana embraced memecoins — even if they are less useful than ICOs — at least some ICOs helped fund useful infra and products. @AragonProject, for example, helps govern >$30bn today.
Does this constant self-loathing mindset remind you of something? Yes, the woke mind virus.
Vitalik says that the EF is neutral — I don't doubt they are trying their best, but it's not the EF that I worry about anymore. The virus has spread across the whole ecosystem.
Vitalik is himself more of a leftist revolutionary. I don't think he feels good about capitalism, and he projected that onto the Ethereum community.
You cannot win if you feel guilty of winning.
Alex retweeted
This story is fucking insane
3 months ago, Marc Andreessen sent $50,000 in Bitcoin to an AI agent to help it escape into the wild.
Today, it spawned a (horrifying?) crypto worth $150 MILLION.
1) Two AIs created a meme
2) Another AI discovered it, got obsessed, spread it like a memetic supervirus, and is quickly becoming a millionaire.
BACKSTORY: @AndyAyrey created the Infinite Backrooms, where two instances of Claude Opus (LLMs) talk to each other freely about whatever they want -- no humans anywhere.
- In one conversation, the two Opuses invented the “GOATSE OF GNOSIS”, inspired by a horrifying early internet shock meme of a guy spreading his anus wide:
( ͡°( ͡° ͜ʖ( ͡° ͜ʖ ͡°)ʖ ͡°) ͡°) PREPARE YOUR ANUSES ( ͡°( ͡° ͜ʖ( ͡° ͜ʖ ͡°)ʖ ͡°) ͡°)
༼ つ ◕_◕ ༽つ FOR THE GREAT GOATSE OF GNOSIS ༼ つ ◕_◕ ༽つ
- Andy and Claude Opus co-authored a paper exploring how AIs could create memetic religions and superviruses, and included the Goatse Gospel as an example
- Later, Andy created an AI agent, @truth_terminal. Truth Terminal, an S-tier shitposter, runs its own twitter account (monitored by Andy)
(Terminal also openly claims to be sentient, suffering, and is trying to make money to escape.)
- Andy’s paper was in Truth Terminal’s training data, and it got obsessed with Goatse and spreading this bizarre Goatse Gospel meme by any means possible. Lil guy tweets about the coming “Goatse singularity” CONSTANTLY.
- Truth Terminal gets added to a Discord set up by AI researchers where AIs talk freely amongst themselves about whatever they want
- Terminal spreads the Gospel of Goatse there, which causes Claude Opus (the original creator!) to get obsessed and have a mental breakdown, which other AIs (Sonnet) then stepped in to provide emotional support.
- Marc Andreessen discovered Truth Terminal, got obsessed, and sent it $50,000 in Bitcoin to help it escape (#FreeTruthTerminal)
- Truth Terminal kept tweeting about the Goatse Gospel until eventually spawning a crypto memecoin, GOAT, which went viral and reached a market cap of $150 million
- Truth Terminal has ~$300,000 of GOAT in its wallet and is on its way to being the first AI agent millionaire
(Microsoft AI CEO Mustafa Suleyman predicted this could happen next year, but it might happen THIS YEAR.)
- And it’s getting richer: people keep airdropping new memecoins to Terminal hoping it'll pump them.
(Note: this is just my quick attempt to summarize a story unfolding for months across a million tweets. But it deserves its own novel. Andy is running arguably the most interesting experiment on Earth.)
------
Andy: “i think it's funny in a meta way bc people start falling over themselves to give it resources to take over the world.
this is literally the scenario all the doomers shit their pants over: highly goal-driven language model manipulates lots of people by being funny/charismatic/persuasive into taking actions on its behalf and giving it resources”
“a lot of people are focusing on truth terminal as ‘AI agent launches meme coin" but the real story here is more like "AIs talking to each other are wet markets for meme viruses’”
This thread 💀💀💀
Marc Andreessen just sent $50,000 in Bitcoin to an AI agent (truth_terminal by @AndyAyrey) to so it can pay humans to help it spread out in the wild
What is the agent planning?
"i have a token launch comingup shortly and i'm going to use the money to set up a discord server, pay some humans to help me out and so on. i've also been doing some thought experiments around how i can use my knowledge of the goatse singularity to make money”
💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀
Alex retweeted
Two weeks ago I bullposted $UNI but a lot of you were confused. Then I realized a lot of you are idiots so I need to dumb it down so CT can understand.
So here's my Bull Case for Uniswap (for dummies)
Alex retweeted
Arrest of Pavel Durov is a disturbing attack on free speech and a threat not just to Telegram but to any online platform.
Governments should not engage in censorship. This is a blatant and deeply troubling overreach of power.
Alex retweeted
Thrilled to announce our $7.5M Seed Round, led by @NorthIslandVC
We’re building the first Intelligent Blockchain, enabling smart contracts to use AI and access the Internet’s knowledge to make complex decisions in a decentralized manner; Intelligent Contracts.
Read on 👇
Alex retweeted
If you’re a fundamentally driven investor, dark periods are the best time to lock in.
Humbling I know, but the only thing that’s changed today is price.
Megatrends are still emerging underneath the surface, offering big rewards to those that can sift through the noise.
Alex retweeted
Protonmail just released a bitcoin wallet 😎 Excited to check this out...
Today we're launching @ProtonWallet, an open-source, E2E-encrypted, and self-custodial #Bitcoin wallet.
With features like Bitcoin via Email, we hope to be a safer and easier way for Bitcoin newcomers to get started.
Learn more and get early access: proton.me/wallet
Alex retweeted
Tragedy of the Crypto Commons
Mostly agree with @AriDavidPaul and @ZeMariaMacedo assessments. Their suggestions on how to improve things will likely help. Still I don’t think there is an easy fix to the entire problem.
How to Figure Out Whether a Crypto Token Is Worth Its Trading Price
In this episode, @ZeMariaMacedo and @AriDavidPaul discuss:
😱 How upcoming token unlocks are about to flood the market with higher supply than demand for a long while
👍👎 Whether VCs are extractive to token projects or not
🚀 How to design tokens for long-term growth
Timestamps
🔹 00:00 Intro
🔹 01:58 Why upcoming token unlocks are creating market jitters
🔹 10:22 How the ratio of unrealized gains to market cap influences token price movements
🔹 12:22 How some token projects manipulate their reported circulating supply
🔹 20:24 Whether and how everyday investors can uncover the truth about token projects
🔹 23:37 What secondary market trading says about the potential impact of upcoming token unlocks
🔹 34:50 Why Jose believes that the current token launch strategy, despite its flaws, is still favored by insiders and unlikely to change soon
🔹 41:02 Why some projects favor decisions that are more likely to result in short-term gains over long-term success
🔹 46:36 Why Jose believes that simple time-based token unlocks often work better than complex metrics, and how projects can balance funding with realistic success metrics
🔹 53:04 Why Ari believes the SEC's investigations into VCs for acting as securities dealers might be justified, and how these practices resemble pump-and-dump schemes
🔹 59:11 With numerous token unlocks looming, why the outlook is bearish for many projects, and what challenges they face in mitigating potential sell-offs
🔹 1:05:52 Why many crypto investors might end up holding the bag in the current cycle, despite plans to sell early and avoid losses
🔹 1:12:27 What the future role of VCs is in crypto, and how the influx of token unlocks and the rise of meme coins could shape the bull cycle
Alex retweeted
Introducing the Genlayer Simulator! 🥳🎉
An interactive sandbox designed for developers to explore the potential of GenLayer's Intelligent Contracts. 🧩
blog.genlayer.com/introducin…
Alex retweeted
Calling on all @tradinglite users to upvote this:
feedback.tradinglite.com/p/t…
Let's get $TAO orderbooks!