'the perceived acceleration of time as we age is a major cognitive illusion. childhood memories seem endless because they were filled with constant discovery and the impairment of registering regret or anxiety about the past and future. adulthood doesn't hold the same level of novelty. repeated stimuli appear briefer than new stimuli of equal duration. learning new things and taking on challenging cognitive tasks can potentially slow our internal sense of time.'
'ethereum resembles the congested streets of manhattan, where traffic and delays are a consistent concern. eip-4844 can be likened to implementing a subway system, providing dedicated pathways for groups of people or, in this case, transactions to move swiftly and efficiently.'
'there are already hundreds of thousands of airdrop farmers in the world. at a certain point you have to design cognizant of the fact that airdrop farming is more lucrative than being a doctor in lots of places.'
'this is now the 4th 5th time that bitcoin is having this rip-roaring rally. it survived low interest rates, periods of apathy, the regulatory challenges - you just can't write it off anymore.'
'dotcom's hype cycle was so big that people were laying fiber everywhere. all this fiber got laid that nobody used for a decade - a complete overinvestment at the time. that fiber however got turned on 10 years later, allowing youtube and facebook to exist.'
'second cycle you have so much ptsd that you do dumb things like selling the news, assuming everything is priced in, hating on speculation. third cycle you come full circle and finally appreciate $bonk and the dog with a hat.'
'with new crypto products, instead of focusing on abstracting away the crypto backend and appealing to normies, one should probably just focus on people who already have crypto and want to do fun things on-chain'
'everybody has an opinion on all these rollup frameworks, data availability solutions, shared sequencers. what's refreshing this time is that finally crypto is in a position where it all comes down to traction and numbers, as opposed to various forms of mental gymnastics.'
'a new form of money where the users set the rules, simply made for a better story than a high capacity, low fee, global payment system, irrespective of the truth of either claim'
'crypto companies are just going to become tech and digital assets will kind of just be assets. you know, in a similar way that music was initially called music files, then were called mp3 files, then they dropped mp3 and it was just music.'
Notes by degen | export