sunday reflections: - i am working behind the scenes to influence the long term institutional adoption of ethereum and value of eth as this is the primary constraint holding back consumer applications and fundamentals - people are dramatically under-estimating the likelihood and implications of humanity unlocking artificial general intelligence in the coming 3 years - defi is stuck in the mud. needs a perfect storm of rising onchain speculation, lowered interest rates, and token buybacks fueled by fee switches to start a virtuous flywheel again - it’s bullish that people are disgusted with celebrity and political memecoins. your capital is a vote - keep the drama to a healthy level of ronin. i prefer not to intervene and play police. ronin is open. grow up and work together or embrace the theatre. freedom is responsibility. - people are returning to ponzinomics in web3 gaming. that’s normal. why do people only call out web3 gaming for sustainability issues when almost all web3 yield relies on unsustainable flywheels to kickstart network effects? the key is expectation management and what you end up doing with the network that’s formed