Wei Dai (@_weidai) 's Twitter Profile
Wei Dai

@_weidai

Research Partner @1kxnetwork. CS PhD @UCSanDiego. Research & investing for the future of crypto. Alpha in highlights. Personal opinion, not investment advice.

ID: 1463317307942342659

linkhttps://wdai.us calendar_today24-11-2021 01:23:36

2,2K Tweet

12,12K Followers

602 Following

Maus (@mausefalle25) 's Twitter Profile Photo

Great to see 1kx at the top of the Matthew Nguyen VC leaderboard over the past 12 months with 14.8% of the Mindshare- about 40% ahead of #2. Mindshare is earned over time. Honored to keep showing up.

Great to see <a href="/1kxnetwork/">1kx</a>  at the top of the <a href="/KaitoAI_/">Matthew Nguyen</a> VC leaderboard over the past 12 months with 14.8% of the Mindshare- about 40% ahead of #2. 
Mindshare is earned over time. Honored to keep showing up.
Wei Dai (@_weidai) 's Twitter Profile Photo

Crypto's network effects, thus far, come mainly in the form of easy discovery and access to trade, hodl, or use new tokens. To date, there are two categories that accrued this network effects: (1) CEXes where users onboard (2) chains + their dominant wallets & frontends (for

Wei Dai (@_weidai) 's Twitter Profile Photo

Far app & fat protocol thesis were both wrong. Don't be fat. Be the chad that own distribution. Own all sides that contribute to network effects and become irreplaceable.

Wei Dai (@_weidai) 's Twitter Profile Photo

Snarkifying the L1 can be an inflection point for Ethereum because it could provide hockey-stick shape scaling for the L1. Instead of scaling node requirements uniformly like other L1s, Ethereum will only need to scale DA + RTZK throughput.

Wei Dai (@_weidai) 's Twitter Profile Photo

DEX:CEX spot trade volume is on track to reach >30% marketshare for the firs time this month. Efficiency, self custody, transparency, & access. Decentralized tech & platforms can provide better financial products. This will happen to more verticals.

DEX:CEX spot trade volume is on track to reach &gt;30% marketshare for the firs time this month.

Efficiency, self custody, transparency, &amp; access.

Decentralized tech &amp; platforms can provide better financial products.

This will happen to more verticals.
Wei Dai (@_weidai) 's Twitter Profile Photo

One overarching thesis at 1kx is that innovations in secure-by-design trust infrastructure will eliminate inefficiencies in markets and lead to new waves of value creation. Programmable cryptography, quantum systems, secure hardware, DNA computing, ... there will be new

Wei Dai (@_weidai) 's Twitter Profile Photo

Blockchain designs have been flawed. What do cloud services do when they are at capacity? → Raise capacity What do chains do when they are at capacity? → Raise fees If you think we don't need better chains anymore think again.

Wei Dai (@_weidai) 's Twitter Profile Photo

Very good read for those wanting to catchup on the upcoming trial on TC / Roman Storm. My read is that the prosecution won't be arguing against either (1) code is speech or (2) non-custodial protocols are not MSBs. If you really want to support the defense, saying "writing code

Wei Dai (@_weidai) 's Twitter Profile Photo

Markets are efficient when all participants can easily discover counterparties. Platform monopolies destroy this dynamic: Uber demands steep take rates from participants. Crypto should create efficient monopolies.

Wei Dai (@_weidai) 's Twitter Profile Photo

it is increasing clear that crypto is entering the phase of verticalization, with projects going "full stack" infra projects are focusing on first-party apps apps are replacing their non-critical infra adapt or be outcompeted

Wei Dai (@_weidai) 's Twitter Profile Photo

State of tokenization: > private excel sheets and databases can't interop > migrate all systems to a public chain like Ethereum > keep access and transfers gated behind KYC > no privacy at all for hodlers of these tokens So who's building whale trackers for RWA tokens?

Wei Dai (@_weidai) 's Twitter Profile Photo

Technical and product-focused founders are often very good at identifying the global maximums for their optimization problems at hand (e.g. reaching PMF). However, what they often underestimate is the path dependency of getting from where they are to the global maximum.

Wei Dai (@_weidai) 's Twitter Profile Photo

Monthly reminder for infra builders: Blockchain scaling is about scaling network effects, not just throughput or TPS. Some questions to ask: → If there's a successful app in your eco, how does it benefit other apps? → If a users onboards to one app in your eco, do they also

Wei Dai (@_weidai) 's Twitter Profile Photo

The CLARITY Act, if passed, is bullish for L1s (and decentralized L2s) because its "mature blockchain systems" definition of "impartial system" excludes centralized L2s (w/ single-entity sequencers). (However, L2s can satisfy this criteria if its sequencer is elected by

The CLARITY Act, if passed, is bullish for L1s (and decentralized L2s) because its "mature blockchain systems" definition of "impartial system" excludes centralized L2s (w/ single-entity sequencers).

(However, L2s can satisfy this criteria if its sequencer is elected by