Pinned
Rob Hadick ＞|＜
3,457 posts
Rob Hadick ＞|＜
@HadickM
General Partner at @Dragonfly_xyz | Previously investing and advising at GoldenTree, @GoldmanSachs, and @PJTPartners
When you run a protocol worth $12bn but still stay in your childhood bedroom
- I know everyone is really bulled up on the Robinhood announcement and tokenized equities, and not to be a bear, but the conversation seems to lack a lot of nuance. I'm a long term bull but I expect near term expectations are WAY too high. So lets take a critical look. So, how
- A few musings / my beliefs: 1/ The Trump admin is likely going to push us into a recession (or close to the brink of one), seemingly on purpose, because Bessent and co. are not dumb and understand what they are doing 2/ This is likely all in the name of trying to use it as an
- A lot of people took yesterday's @chainalysis report to suggest that the TRUMP token was a mass onboarding event, primarily because 50% of TRUMP/MELANIA token holder wallets were net new to SOL altcoins, but that continues to make the same wallet/user fallacies and misses the
- Wonder if the market has realized yet that Circle's biggest growth engine and likely ~10% of its net revenue is at significant risk this week
- In times of max stress in crypto, one of our defining characteristics has been the ability to band together, even as competitors, to get through any major crisis. See the ETH loans from Binance/Bitget to Bybit That said, the comparison here is stark and this is not it @rajgokal
- Strongly believe the market is about to quickly snap back to a "fundamentals & real world use cases matter" mindset. The nihilism of rotating memes every 15 mins is exhausting and there is just too much momentum behind stables, RWAs, AI, edge compute, networking, etc to ignore
- There’s a lot of talk about Polymarket vs Kalshi, but that’s a misnomer because it’s actually just Polymarket vs. Robinhood. Kalshi has zero organic volume outside of Robinhood’s sports distribution. Polymarket has 10x the direct distribution of Kalshi and all the other[ ZOOMER ] THE LARGEST FANTASY SPORTS COMPANY, PRIZEPICKS, PARTNERS WITH POLYMARKET TO ADD PREDICTION MARKETS: PRESS RELEASE
- 100% this - stripe has declared war against everyone building across the payment stack, whether Visa, Worldpay, any issuer bank, or any other psp. And the broader stablecoin ecosystem should understand they mean to displace them no matter what part of the stack it is. Tempo isStripe has clearly gotten to the stage where they are comfortable “playing with fire.” Tempo is a clear shot across the bow that they are trying to build the next generation Visa network. There are many features here that make it a more practical network for businesses. The
- Replying to @internWorking out with partners is frankly one of the best things you can do. Suck it up intern
- Replying to @mdudasThey aren’t ignoring anything. Working with other vendors where appropriate and actively always assessing and working on security. Jeff has been engaged and introduced to many of the most famous security researchers in crypto. There is just simply a business disagreement
- As a friend of mine put it, the industry has been hijacked by people who don't care about us, what we're trying to accomplish, open financial systems, censorship resistance, tech innovation or evening building good product. They care only about max value extraction. And they
