tbh @KyleSamani is right here, but I want to push the thesis further: we’re about to hit peak UI/UX. From here, every non‑agentic digital interaction gets gamified and hypergamblified including retail trading. The failure mode of past web3 “games” was endogeneity: play‑to‑earn loops entertaining themselves. Self‑referential tokens, circular sinks/sources, no exogenous orderflow, no real price discovery. The winning pattern is finance → content, not content → finance. Keep risk explicit, measurable, and streamable. Entertainment wraps the trade, there really isnt any need to obscure it. Even non‑crypto creators are noticing. We’re about to close a deal with a very well‑known esports creator (no names right now) with an enormous audience because they see what’s happening: gamified spot‑market interactions are a massive monetization unlock vs. simple promo/publishing deals. iGaming giants see the same thing from the other side. They want rails to bring trading‑like instruments into entertainment: onchain assets smooth EV, create fresher games, and reduce working‑capital drag, because you can just mint magic internet money. I’ve proven it’s an amazing consolation + retention mechanic over the past 16 months with my own products. Think embedded gamification for retail trading, the way embedded finance transformed consumer fintech a decade ago. It’s already starting onchain. So the convergence is inevitable: trading × entertainment × gambling collapses into one onchain surface. Risk becomes content; liquidity becomes distribution. The synthesis is lining up for a Cambrian explosion. There are multiple pieces to build in this stack, including incredibly large SAM stand‑alone products, but a few enormous winners will emerge. Cracked zoomer devs will be vibe coding games on @RemixGG_ hooking it up to systems that provide the mech design, settlement, bankroll, liquidity routing and verifiability for trade execution + settlement. Someone needs to build the rails for that. Gmultiply.

Ray Dalio’s Bitcoin journey is worth paying attention to: 2017: “Bitcoin is a bubble.” 2021: Bridgewater explores Bitcoin as part of an alt-cash fund. 2024: Bitcoin is “hard money” in a world drowning in debt. 2025: Portfolio: 15% allocation to Bitcoin and gold.

Share a piece of your private keys lore about yourself

Remember those tweets about how American children keep going towards the creative routes and will be dominated by children in countries focus on STEM but now your average analysts looks more likely to replaced by AI than content creators.

Dude sold $10B in bitcoin if a few days and we’re basically still near ATHs Higher.

Dragonfly invested into PepperSec, Inc., the developers of Tornado Cash, in August of 2020. We made this investment because we believe in the importance of open-source privacy-preserving technology. Prior to our investment, we obtained an outside legal opinion that confirmed that Tornado Cash as built complied with the law, under the guidance given by FinCEN in 2019. The government has now stated in open court that they are contemplating charges against Dragonfly for having invested into the Tornado Cash team in 2020. On counsel’s advice, we have refrained from public comment. But we can no longer remain silent. We believe deeply in Americans’ right to privacy, and the lack of it remains one of crypto’s largest unsolved problems. We therefore stand by our investment. We did not operate or exercise any control over Tornado Cash, we had no contact with any malicious users, we always encouraged our portfolio companies to follow the law, and we maintain that Tornado Cash itself has a lawful right to exist—a view reinforced by Van Loon v. Department of the Treasury and OFAC’s subsequent rescission of sanctions. Charging a venture firm for a portfolio company’s alleged misconduct would be unprecedented, especially under these circumstances. In 2023 we received a DOJ subpoena and have fully cooperated with the government’s investigation of Tornado Cash, confident that we have always complied with the law. The DOJ has made clear that we are not ourselves a target of their investigation. As with every investment, we provided PepperSec the same advice and support we offer all portfolio companies. We believe the government’s statement in court today was primarily to undermine a defense of Tornado Cash—to make it more difficult for the defense to call Tom to testify on the stand. After all of this time—years later—bringing charges against Dragonfly would be outrageous, contrary to the facts and the law, and would induce a chilling effect onto all investment into crypto and privacy-preserving technologies in America. We don’t believe the DOJ would actually bring such absurd and groundless charges. But if they do, we intend to vigorously defend ourselves.

we just added Solana Treasury companies to our dashboard:

Bitcoin goes down 2% and people start tweeting survive.

Me reading the PUMP tokenomics after being down 60% in a week.

Me reading a pitch deck for a gooner AI crypto startup