This is timed weirdly close to their IPO, and stinks of regulatory capture, but probably, ultimately, for the best. My problem is with the "global coordination" point. How do you verify compliance between governments that don't trust each other? Decentralised consensus on natural language claims is the actual unsolved piece here. Feels like a huge opportunity and one only crypto can enable. Who's building this?

Sad that prediction markets have so far failed to benefit people who are sitting on information about wrongdoing (ie whistleblowers). Meanwhile the depraved and reckless enjoy insider trading opportunities. I have an open source project early in the works to fix this. Basically aligning incentives so a whistleblower can sell what they know and a trader takes the market risk. DMs open if you've thought about this.

And we have a breakout. Welcome to the new regime anon. Now keep an eye on that logarithmic y axis.

Believe in something

Prediction markets on hacks will transform financing for defi protocols. Model protocol revenue assuming no hacks. Hedge it by shorting "no hack" on your protocol. Clean cashflows. Bankable projections. Generalize to all hack prone businesses. Who is building this?

ZEC about to hit a 7 year high vs BTC

How are people getting anything done on the robinhood block explorer? It barely functions

TIL that the spanish peso and south asian paisa (both currencies) are not etymologically related. It's just a wild coincidence that they sound and mean the same thing. Peso comes from latin for "weight" Paisa comes from sanskrit for "quarter part"

We've reached levels of bushwick previously thought impossible

The Interfold is building infra for private voting, auctions and other such trustless coordination mechanisms. This is "minimal anti collusion infrastructure" done right. Auction runs for ~9 more hours. This is your chance to support some cool shit anon.

This might be the end of the attention economy and a turning point for society as a whole. Pumped that crypto is at the centre of this change. TLDR: The internet can finally stop optimizing for ads and pieces of information start acting like financial assets. What is x402? Agent asks for a page or API call. Server says: pay 0.3¢. Agent pays, uses the content to answer their human. No subscription needed. What is the attention economy? The attention economy exists to solve one problem: content is free, so publishers optimize for ad impressions (ie: eyeballs). Ads, engagement bait, doom scrolling, etc are all downstream of "we can't charge for the content itself." How can x402 disrupt the attention economy? AI labs are competing tooth and nail to create the best instruction following agents. Today, already, these agents are better than humans at answering general questions. You can’t ragebait them and you can’t make them doom scroll. So instead of optimizing for “how do i get traffic”, the publishers need to optimize for “how do i get a paid request” How will publishers get paid requests? If the web becomes an information market, publishers will compete over the selling price of information and the quality of information. Two systems will emerge to cater to this dynamic: 1. Reputation systems 2. Bundling of services It's important to understand the purpose of these systems to answer this question. What purpose will reputation systems serve? Routing. The agent needs to know who deserves its money. So reputation systems maintain prediction track records, correction history, reviews from trusted agencies, and so on. Just like capital markets have Moody’s and S&P, information markets will need the same support systems. What purpose will bundling services serve? Moats and distribution. Ex: A bundle can sell access to fifty sources at a discount no single publisher can match. That's a moat for everyone involved. And for niche writers, they get to be in a bundle larger than their small world, and therefore get distribution. A note on the middlemen of the agentic web That is, the raters and the bundlers. Example: A rater that takes payment from publishers is Moody's in 2008, paid by the very issuers it was scoring. Often called vertical integration, such practices are actually conflicts of interest. This is just the common enshittification pattern for aggregators/middlemen: first serve the buyers, then squeeze the sellers, then squeeze both. Luckily, there are already some projects working on these problems. Shall write about them soon.