Management Student | Travel | Tie-loathing Wanderer & Adventurer, Techie & Crypto Enthusiast | make friends, not money!
Mumbai
Joined August 2013
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imagine having 5 million+ users and now having your own data center to boost the margins
that's what venice is doing 馃く
best part is that $vvv is still at $1 billion market cap
if venice wasn't in crypto and instead it was listed as stock, i think it'd have market cap of more than $20 billion
venice looks like best ai play and an asymmetric opportunity
Did you know @AskVenice is building out its own data center?
Venice is vertically integrating, to reduce token costs and increase its margins.
From the last $VVV call with @JonShapeShift:
"[we are] building out this initial data center and then looking even at multiple potential for additional data centers after that.
I believe that the first data center is supposed to come online hopefully before the end of October [or early November]
there might be a world where we decide that, you know, our margins are good enough that we can increase the amount [of $VVV burn]"
Gentleman retweeted
Chamath casually bringing up @AskVenice on Moonshots. @chamath @PeterDiamandis, this clip deserves its own episode. base:0xacfe6019ed1a7dc6f7b508c02d1b04ec88cc21bf higher 馃搱
Gentleman retweeted
Hey @vladtenev you should look at the correlation between Robinhood Chain daily dex volume and $CASHCAT price
Just saying
why i'm positioned for $vvv:
most tokens offer asymmetric upside, but almost no downside protection.
$vvv is different.
the usage creates a potential floor.
venice is generating real revenue, with roughly $2m in monthly token burns. that changes the risk/reward equation.
at a $1b market cap, the bull case is still massive if ai demand accelerates.
but unlike other tokens, $vvv can't get dump 90% and fall to a $100m market cap, $2m in monthly burns would equal $24m annually, or 24% of that market cap.
and that's before accounting for potential growth in ai usage and revenue.
if demand keeps growing, the same mechanism that supports the downside today could become increasingly powerful.
you get exposure to the ai boom, with a usage driven mechanism that could make $vvv increasingly undervalued at lower prices.
most tokens need hype to survive a bear market.
$vvv has a business model that could keep buying pressure alive even when the hype disappears.
that's the asymmetry i'm betting on
robinhood's last earnings report was on 29th july.
$cashcat was $0.045 on that day. in one week, it did 4x and was trading at $0.18 on august 6th.
next earnings report is in less than 2 weeks, on october 27th.
if $btc remains in uptrend, we can see all time highs in a week or two of earnings report
given how bullish @vladtenev is on robinhood chain in concall
eyeing $cashcat cause robinhood will be at the centre of this bull run
can't fade #1 meme coin on it especially when it's the first coin to list on robinhood
it has that parabolic run left which will make people remember robinhood chain for long long time
i don't think it will just stop at $1-2 billion.
once the momentum starts, it will go crazy
if we are in bull market and if you believe tyat $btc will reach all time highs in next few months
then your target for altcoin is not big enough
in 2021, i made a big mistake of taking profits early and being sidelined while i saw some coins creating new highs daily
missed out on many 20x and few 50x as well ( i had near bottom entries )
pick a winner and ride the wave is the best bull market strategy
$uni, $near, $zec, $vvv, $ondo
hoping all layer stupid L2 shut down
so we can have only quality ones like optimism, arbitrum and polygon.
rest all need to go
Blast will be shutting down.
We launched Blast with the goal of building a self-sustaining chain for users and developers. Unfortunately, the economics of operating the chain no longer make sense: the ongoing costs of maintaining Blast exceed the revenue generated by the L2, and we do not see a credible path to making the chain economically sustainable.
As a result, we've made the difficult decision to wind Blast down.
We're sorry to the users and developers who believed in Blast, built on it, and supported the ecosystem. Our priority now is making the shutdown as smooth and safe as possible.
We're asking all users to withdraw their assets from Blast to Ethereum mainnet, including any balances held in the Blast PWA.
To make this easier, we will be reducing the withdrawal delay to 24 hours.
As part of the shutdown process, we'll first begin withdrawing Blast's Lido assets. This process is expected to take approximately one week. During this period, withdrawals will temporarily be unavailable, even after the withdrawal delay is reduced to 24 hours.
Once that process is complete, withdrawals will resume with the new 24-hour delay.
Users will have until October 26, 2026 to withdraw through the normal Blast interface.
After October 26, assets will remain withdrawable, but users will need to interact directly with the Blast bridge contracts on Ethereum L1. We'll publish detailed instructions before then.
We strongly encourage everyone to withdraw their assets to Ethereum mainnet before October 26.