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Austin Diamond Profile
Austin Diamond

@AustinLDiamond

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Building something old @alongsidefi and something new @UniversalAsset_

Joined November 2013
Don't wanna be here? Send us removal request.
@AustinLDiamond
Austin Diamond
1 year
In 1980, Massachusetts regulators banned investors from buying the Apple IPO, citing it was "too risky" It was among best investments of all time and Apple went on to help shape the US as the world leader in tech. Regulators shouldn't decide what does and doesn't have value.
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@AustinLDiamond
Austin Diamond
3 years
1/ Investing in crypto is still too complicated for the next billion people. Most apps aren’t built for investing at all, they’re built for trading. @0xGaut , @nonveumann , @msgdotvalue , @alexbanaga & I are building @alongsidefi to solve this. We’re releasing our private beta ↓
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@AustinLDiamond
Austin Diamond
7 months
“SF is a hellhole” SF:
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@AustinLDiamond
Austin Diamond
3 years
Meanwhile, on LinkedIn...
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@AustinLDiamond
Austin Diamond
3 years
7/ Want to be first to access our private beta? 1️⃣ Sign up for our waitlist on 2️⃣ Follow @alongsidefi on twitter (first 500 followers will be invited) Retweet for priority access 👀
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@AustinLDiamond
Austin Diamond
1 year
Humane: ~$240m, six years, 200+ employees @AviSchiffmann , w/ what looks like a better product? 👏
@AustinLDiamond @0xSigil started this project late April, built a prototype with a raspberry pi, hired the right people to get custom hardware designed & manufactured, taught myself iOS dev with GPT-4, architected a scalable & private knowledge graph system, and all of this for about $100k.
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@AustinLDiamond
Austin Diamond
2 years
Jack Bogle, the founder of Vanguard, would have absolutely hated crypto... Yet Vanguard has more parallels with crypto ethos than any other company in the 20th century-
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@AustinLDiamond
Austin Diamond
9 months
1/ They clearly don't realize this (yet?), but Vanguard shares more values with crypto than any other company in financial history. Here's why-
@EricBalchunas
Eric Balchunas
9 months
Vanguard banning all bitcoin ETFs from their platform
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@AustinLDiamond
Austin Diamond
1 year
Hard to fathom what the US regulatory conversation would look like **without** Coinbase We're super lucky to have @brian_armstrong @iampaulgrewal & co as stewards of the industry
@coinbase
Coinbase 🛡️
1 year
This week, DC will see a new TV campaign that explains how crypto moves America forward and why it’s the most important technology we have to create more economic freedom. It’s time to update the system. Crypto can help. Learn more at
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@AustinLDiamond
Austin Diamond
11 months
After a rough year, crypto isn't a dirty word anymore. Today, we shipped AMKT V2: The simplest way to get exposure to crypto, now 100% onchain. Buy The Market. Do Nothing. Why is this interesting?
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@AustinLDiamond
Austin Diamond
1 year
Favorite taglines in DeFi- @AlchemixFi : Self repaying loans @pendle_fi : Assets at a discount @circle : Money at internet speed Who am I missing?
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@AustinLDiamond
Austin Diamond
3 years
So excited to welcome Amrith to the dream team! One of the most unorthodox recruiting processes I've ever been a part of. He DM'd me for ten days straight with ideas and feedback seemingly non-stop amid the holidays. So incredibly lucky to have him!
@amrith
Amrith
3 years
✨ Some personal news ✨ After a wonderful run at @withopal , I'm joining @alongsidefi to make web3 more understandable and crypto more accessible 🪄 I'm sold on the long-term vision of the space and want to make it as welcoming as possible 🤗
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@AustinLDiamond
Austin Diamond
1 year
@0xSigil @AviSchiffmann Respect to the team at Humane but it looks like you built a competitive implementation with like 1/1000th the resources? Am I missing something? Demo also much more inspired imo. Incredible stuff
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@AustinLDiamond
Austin Diamond
7 months
Normal, well adjusted friends: “what’s going on with crypto prices this week?”
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@AustinLDiamond
Austin Diamond
7 months
Ethereum offers better investor protections than the SEC. Etherscan > EDGAR Here are multiple concrete examples:
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@AustinLDiamond
Austin Diamond
3 years
These, but everywhere
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@AustinLDiamond
Austin Diamond
1 year
Excited to see the ETH ETFs, but way more excited about how ETFs can be made better *on Ethereum* The case for ETFs on Ethereum > Ethereum ETFs Let me explain:
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@AustinLDiamond
Austin Diamond
2 years
People exposed to venture capital aren’t who you think they are. Among those with the most to lose: - The California Public Employees Retirement System - Public Universities like Texas, Michigan, and Minnesota - The LA Fire & Police Pension System + countless others
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@AustinLDiamond
Austin Diamond
3 years
2/ The Problem - The space is moving an at insane pace (good), but it’s impossible to keep up with (bad) - Crypto UX is still intimidating. Exchange, to wallet, to bridge, to swaps while paying gas fees all along the way is just too much for my sweet crypto-curious grandmother
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@AustinLDiamond
Austin Diamond
1 year
If you’re a smart contract dev and your protocol’s founder is at Burning Man, my DMs are open
@0xgaut
gaut
1 year
what’s burning man? wrong answers only
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@AustinLDiamond
Austin Diamond
7 years
One of my favorite pieces on investing psychology ever. Phenomenal writing @morganhousel
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@AustinLDiamond
Austin Diamond
1 year
RIP Harry Markowitz, the godfather of modern portfolio theory. Made diversification a science and still admitted a lot of this is just art. h/t @morganhousel
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@AustinLDiamond
Austin Diamond
3 years
"You shouldn't have taught him to read" - my first teacher to my parents suggesting I'd be out of sync in class. Grateful my kids will have @Primer to embrace their curiosities. @delk @maksim_s and team are building something special.
@delk
Ryan Delk
3 years
Primer Rooms are here. Live, interactive experiences with ambitious kids all over the world. ✨ Try them for free:
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@AustinLDiamond
Austin Diamond
9 months
Fun history- The SEC delayed the launch of the *first ever* ETF by ~4 years, despite it being their idea!
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@AustinLDiamond
Austin Diamond
9 months
Jack Bogle famously hated the idea of the ETF itself, assuming it would encourage more frequent trading. Like the ETF, in the fullness of time, I think Vanguard wakes up to the idea that crypto isn't all a speculative casino, it's actually very aligned with their values.
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@AustinLDiamond
Austin Diamond
3 years
3/ The Solution Indexes are the greatest equalizer of a financial product ever. A teacher or janitor that dollar-cost averaged into an S&P500 ETF their whole career beat ~90% of hedge fund managers that charge you for the privilege of underperforming their benchmark.
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@AustinLDiamond
Austin Diamond
3 years
Wow. Already crossed 500. Thank you all for the support! We're increasing the beta invite list to 1k so more people can have access!
@AustinLDiamond
Austin Diamond
3 years
7/ Want to be first to access our private beta? 1️⃣ Sign up for our waitlist on 2️⃣ Follow @alongsidefi on twitter (first 500 followers will be invited) Retweet for priority access 👀
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@AustinLDiamond
Austin Diamond
3 years
6/ The Fix We’re bringing long-term, passive investing to crypto. Buy the market instead of trying to pick individual winners. Invest with US dollars, on your phone, in a few taps.
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@AustinLDiamond
Austin Diamond
11 months
Crypto founders to AI founders rn
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@DavidVorick
David Vorick
11 months
New Executive Order is out. Already one notable item: Any AI model that required more than 1e26 floating point operations or 1e23 integer operations to build must report to the government.
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@AustinLDiamond
Austin Diamond
9 months
Vanguard is special for two big reasons- 1) Their unique ownership structure making investors in their products owners of Vanguard, creating incentive alignment. 2) Their commitment to removing intermediaries in service of offering customers lower fees. Crypto does both.
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@AustinLDiamond
Austin Diamond
2 years
Incredibly lucky to get to work with Ali! Couldn't think of a better long-term partner to be building this with!
@alive_eth
Ali Yahya | alive.eth
2 years
The Alongside founders— @austinldiamond , @0xgaut , @0xRaino , and Jun Ho Hong—are brilliant and bring together world class talent in finance, marketplace growth, Ethereum core development, and product design. There is on better team to take on this challenge.
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@AustinLDiamond
Austin Diamond
3 years
4/ No one can tell what the future of crypto holds, but an enormous amount of value is already being created. Protocols like @compound & @aave went from whitepapers to securing more assets than most banks. NFTs on @opensea @withfnd went from plaything JPEGs to cultural icons.
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@AustinLDiamond
Austin Diamond
1 year
The SEC almost killed the SPDR ETF before it launched. The 1st ETF subsequently traded in Canada ~3 years earlier. SEC later made *new rules* and *exemptions* to accommodate ETFs. $SPY is now widely regarded as one of the best products for regular investors in market history.
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@AustinLDiamond
Austin Diamond
7 months
Yesterday, the world's biggest asset manager launched a tokenized fund on Ethereum. Today, big-d!ck-fink.eth sent a tx to their address with a message linked to this image. The era of the financial internet is here, and it's glorious.
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@AustinLDiamond
Austin Diamond
3 years
8/ Oh and we’re hiring.
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@AustinLDiamond
Austin Diamond
3 years
5/ Traditional financial infrastructure has failed the common investor by not offering exposure to this burgeoning space.
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@AustinLDiamond
Austin Diamond
7 months
Entire security vs commodity argument is just rearranging deckchairs on the titanic. Give people the freedom to buy whatever they want, prosecute anyone that commits fraud. Disclosure requirements for securities are good, the disclosures inherent to blockchains are better.
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@AustinLDiamond
Austin Diamond
3 years
A bunch of my favorite people working on big things! Congrats @minney_cat , the @beondeck team, and the future founders that get to get in on this!
@minney_cat
Minn
3 years
IT’S HEREEE! ODX, the culmination of our work at @beondeck — enabling talented, ambitious people start + grow their companies. It’s what I came to On Deck for + what this incredible team is here for: to invest in & work w the next gen of founders building our future. Apply now👇
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@AustinLDiamond
Austin Diamond
3 years
"more fiction is written in Excel than Word"
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@AustinLDiamond
Austin Diamond
6 months
If you’re in memecoins pivot to low fee broad based index funds
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@AustinLDiamond
Austin Diamond
9 months
"Crypto exists to remove intermediaries" is a favorite definition of mine. A core goal is to power p2p transactions, removing middlemen that cost you $. @alongsidefi , we're able to offer zero fee products because so many middlemen can be replaced w/ smart contract code.
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@AustinLDiamond
Austin Diamond
3 years
Big brains 🤝 Alongside I've learned a ton from DC as a twitter fanboy for years. So pumped to work together!
@DCbuild3r
dcbuilder.eth ⚪️
3 years
I'm excited to announce that I've joined @alongsidefi as an engineer. I am looking forward to growing as a developer and building the future of crypto indexes.
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@AustinLDiamond
Austin Diamond
5 years
OnDeck fellowship applications are open! Can not recommend this program more highly. @LauraDeming @celinehh94 and I are super excited to be working w/ the @beondeck team to put together a track for talented people interested in biotech this Fall!
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@AustinLDiamond
Austin Diamond
9 months
The Bogleheads community, led by distributed Vanguard fans, helped spread the gospel of low fee index funds. In crypto, distributed communities in Telegram, Discord, etc. help share ideas underpinning their protocols.
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@AustinLDiamond
Austin Diamond
3 years
So bullish on @jordihays and @PartyRound ! They're building an incredible product and having a lot of fun in the process. Congrats to all the investors that got in on this!
@jordihays
Jordi Hays
3 years
Excited to finally announce our seed (and pre-seed) here @PartyRound led by @a16z 🎉
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@AustinLDiamond
Austin Diamond
1 year
Differences aside, the fact this can be written on a .gov site is why this country is still totally awesome
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@AustinLDiamond
Austin Diamond
1 year
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@vaneck_us
VanEck
1 year
Big announcement! We intend to donate 10% of our $EFUT ETF profits () to @ProtocolGuild for at least 10 years. Thank you, Ethereum contributors, for nearly a decade of relentless building & ongoing stewardship of this common infrastructure. Details 👇
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@AustinLDiamond
Austin Diamond
9 months
A core tenet of this industry is the ethos around distributing ownership to users. See: - Uniswap giving away 4 figures worth of tokens to early adopters and governance over protocol changes. - ENS distributing tokens to anyone that bought domains Countless others...
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@AustinLDiamond
Austin Diamond
9 months
Get in we’re building a country
@EpochIsland
Epoch Island 🗿 Onchain Silicon Valley
9 months
To accelerate our mission to create a Network State by the year 2030, @AustinLDiamond has been nominated to become Epoch Elder #025 🗿 Austin is the Co-Founder of @alongsidefi which is building the crypto market in a single index.
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@AustinLDiamond
Austin Diamond
9 months
Vanguard's commitment to low fees is legendary. How did they do it? Removing intermediaries. Distributors? Nope, S&M budget = higher fees. Benchmark providers? They birthed the CRSP to serve as a cheaper benchmark for their total market suite.
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@AustinLDiamond
Austin Diamond
2 years
This sounds stupid. Bogle told Nate Most, the brains behind the ETF, to get lost when he suggested developing the first ETFs with Vanguard. The stated reason: ETFs would encourage too much trading. The man would have hated crypto degens.
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@AustinLDiamond
Austin Diamond
2 years
The promise of DeFi is to align incentives like Vanguard. Community ownership was a conduit to them becoming the most well-loved financial brand in the world, with Warren Buffett suggesting Bogle is due a Nobel prize for what they've done for the average investor.
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@AustinLDiamond
Austin Diamond
6 years
No shame. Coconut cocktails are delicious. Thank you for an incredible couple years @delk ! Going to miss the @omni team!
@delk
Ryan Delk
6 years
Tomorrow is @AustinLDiamond ’s last day at @Omni . He’s one of the best people I’ve ever hired, and I’ve learned a tremendous amount for him. One thing I learned over the past two years: Austin loves coconut cocktails, so we had to send him off accordingly (umbrellas included).
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@AustinLDiamond
Austin Diamond
2 years
How could I draw a comparison between Vanguard, a company that championed low-fee, long-term investing with an industry enamored by trading CryptoDickButt NFTs and dog meme tokens with leverage?
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@AustinLDiamond
Austin Diamond
5 years
Some fun news- I joined @LauraDeming @celinehh94 at Longevity Fund six weeks ago! Laura and Celine are absolutely brilliant and I couldn't be more excited to help support the enormously talented founders we have the pleasure of working with.
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@AustinLDiamond
Austin Diamond
2 years
Vanguard saved investors billions in fees, enabled millions to retire comfortably, and built a community centered around a saner approach to investing. The secret?
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@AustinLDiamond
Austin Diamond
2 years
Vanguard made investors in their funds 𝘁𝗵𝗲 𝗼𝘄𝗻𝗲𝗿𝘀 of Vanguard. Incentives aligned this way, the owners of Vanguard (i.e the holders of Vanguard funds), would be unlikely to raise fees on 𝘁𝗵𝗲𝗺𝘀𝗲𝗹𝘃𝗲𝘀.
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@AustinLDiamond
Austin Diamond
3 years
Free idea* Club Penguin DAO: - organize to buy the shelved IP - design incentives for devs to world build - $CLUB tokens as in game currency - let me display/buy baller NFTs for my igloo
@Y3Ksystems
Y3K
3 years
this was the og metaverse
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@AustinLDiamond
Austin Diamond
2 years
Bolstered by the sense of ownership, a grassroots community formed, dubbing themselves Bogleheads, and met on chat forums by the same name to discuss all things Vanguard and personal finance. Sound familiar?
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@AustinLDiamond
Austin Diamond
2 years
Vanguard relied on their community to get their message across, eschewing conventional sales and marketing to keep costs down and drive fees lower. Investors, of course, loved them for it.
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@AustinLDiamond
Austin Diamond
2 years
This isn’t a moment to dunk on “tech bros” and “rich VCs” We can debate the merits/flaws of fractional reserve banking, fed policy, etc another time. Like it or not, this impacts us all, notwithstanding the second and third order effects that could come next.
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@AustinLDiamond
Austin Diamond
7 months
Ethereum protocols display activity in real-time with immutable, unfalsifiable data. Anyone can audit any protocol, 24/7. Anyone can see exactly how a protocol is performing, anytime. @MessariCrypto and @tokenterminal do a great job displaying insights in simple terms, 24/7.
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@AustinLDiamond
Austin Diamond
4 years
TIL: The height of the tulip bubble occurred amid an outbreak of the bubonic plague. "created an apocalyptic mentality and stimulated a brief spasm of speculation not justified by market fundamentals"🤔 From Edward Chancellor's Devil Take The Hindmost
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@AustinLDiamond
Austin Diamond
2 years
If you believe more financial products should function like Vanguard, you're advocating for an incentive design that is central to the ethos of crypto.
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@AustinLDiamond
Austin Diamond
1 year
@AviSchiffmann @0xSigil Talent and investors in your dms right now. How quickly did the beta Tabs get snatched up?
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@AustinLDiamond
Austin Diamond
1 year
Stock market investors: "Crypto is all memecoin scams" Also stock market investors:
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@AustinLDiamond
Austin Diamond
2 years
. @delk and @maksim_s are building something special with @Primer “Take kids seriously” is one of the most baller mission statements of all time
@packyM
Packy McCormick
2 years
Primer is the home for ambitious kids. Its goal is simple: free the next generation of kids to be more ambitious, more creative, and think for themselves. Today, it's announcing: - $15M Series A led by @rabois & @SamirKaul1 - Expert-led Clubs - Microschools in Miami 🌴
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@AustinLDiamond
Austin Diamond
2 years
Bonus: Bogle was an OG anon, penning a paper under the name John B. Armstrong with a rebuttal to Edward Renshaw and Paul Feldstein's "The Case for an Unmanaged Investment Company" that argued against indexing! Doxxed years later The man was certainly capable of changing his mind
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@AustinLDiamond
Austin Diamond
2 years
@jaiyagill @0xgaut best message in our Discord this week includes a hint
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@AustinLDiamond
Austin Diamond
6 months
This has to be the worst feature Apple’s ever made
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@AustinLDiamond
Austin Diamond
7 months
The SEC's 13F is designed to make investors aware of the holdings of large institutions. Funds >$100m AUM have the compliance burden to file. but...you're only required to file 45 days after quarter end. So by the time the public sees this information, it's totally stale.
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@AustinLDiamond
Austin Diamond
7 months
Ethereum block explorers expose holdings in real time. A competent regulator would require those funds to simply disclose their wallets. @MessariCrypto @nansen_ai @ArkhamIntel do this for us. (plenty of reasons funds wouldn't want to expose this, but convo for another time)
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@AustinLDiamond
Austin Diamond
1 year
Ahh the Gensler pivot to AI. In retrospect, it was inevitable
@vladtenev
Vlad Tenev
1 year
The SEC has proposed a new “predictive data analytics” (PDA) rule that would severely curb financial services firms from using technology to serve customers. @RobinhoodApp has voiced opposition, and I strongly stand behind it. This would have a major impact on investors. (1/7)
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@AustinLDiamond
Austin Diamond
3 years
1/ About to ship something totally different so a quick update detailing why I didn't end up pursuing this ---->
@AustinLDiamond
Austin Diamond
4 years
1/ Humbled to be part of the latest Emergent Ventures cohort alongside a bunch of people smarter than I am, led by intellectual hero of mine, @tylercowen !
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@AustinLDiamond
Austin Diamond
7 months
The SEC requires companies to file 10Q/10K to report earnings to the public. This is also on a long time delay. Auditors exist to validate whether the information is accurate. Remember when the Big 4 was the Big 5? Lesson in there. Study accountants getting things wrong.
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@AustinLDiamond
Austin Diamond
11 months
Super proud of the team for powering through a brutal bear market and staying the course on our path to building a truly "unmanaged" index that takes advantage of the technology underpinning crypto to enable a better product. We considered a "pivot to AI" exactly zero times.
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@AustinLDiamond
Austin Diamond
3 years
Congrats to the Mux corp dev team! Scooped up some of the greats with @lanpaje @pk_iv and co. So excited for you all!
@lanpaje
Lan 🫨
3 years
I'm excited to share that Stream Club is joining Mux. Thankful for @pk_iv , our team, and our investors. Going to enjoy the moment for a bit before the usual tweet thread.
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@AustinLDiamond
Austin Diamond
11 months
This doesn't come without risks! Carving out human error and turning this all into software is hard. We were lucky to stress test AMKT V2 with 3 separate security audits from @cantinaxyz @zachobront @0xleastwood . A bug bounty program with @immunefi also begins today.
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@AustinLDiamond
Austin Diamond
7 months
I am a huge believer in investor protections. But the idea "investors want the protections of the US securities markets" for cryptoassets is nonsense. We want the investor protections blockchains already have embedded BY DEFAULT. Etherscan > EDGAR.
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@AustinLDiamond
Austin Diamond
4 years
7/ A solution I'm thinking about: A two-sided marketplace for home equity. Homeowners can sell fractions of home equity to people looking for direct RE exposure without the headaches attached to buying a home (or the indirect nature of buying a REIT).
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@AustinLDiamond
Austin Diamond
3 years
@delk This one is gonna do numbers
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@AustinLDiamond
Austin Diamond
6 months
What’s the best data source for crypto VC returns? (Don’t want to pay Cambridge + public university endowment disclosures not enough coverage)
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@AustinLDiamond
Austin Diamond
1 year
Another gem- "if we had to do it over again, we would have barred Genentech"
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@AustinLDiamond
Austin Diamond
2 years
Protocols like @uniswap are already embodying this ethos- granting early Uniswap users UNI tokens that enable governance over decisions like their fees and take rates.
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@AustinLDiamond
Austin Diamond
7 months
When a company commits fraud, the SEC opens an investigation that takes months/years to resolve behind closed doors. When someone commits fraud in crypto, an army of people like heroes @zachxbt often expose them in a matter of hours, all out in the open.
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@AustinLDiamond
Austin Diamond
2 years
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@AustinLDiamond
Austin Diamond
3 years
10/ Super excited to share what I'm up to next shortly! Thanks again to Tyler and the Emergent Ventures team! This idea helped me pathfind to what I've been working on the last few months and I couldn't be more excited about it!
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@AustinLDiamond
Austin Diamond
4 years
14/ If you're working on this, have ideas or want to generally tell me why I am wrong, shoot me a DM! I'm particularly interested in that last piece- you may save me years! Thanks for reading!
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@AustinLDiamond
Austin Diamond
7 months
Crypto as an industry is anything but perfect. We should prosecute fraud to the fullest extent. There's plenty that remains opaque. These are just a few areas the transparency of smart contracts > the opacity of legal contracts. There's an enormous amount of room to improve.
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@AustinLDiamond
Austin Diamond
6 months
Nope. As usual, future is here, it’s just not evenly distributed.
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@sweatystartup
Nick Huber
6 months
Full self driving is a decade or more away. We’ve all been completely duped - just like when we were told solar and wind energy were viable replacements to oil and gas.
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@AustinLDiamond
Austin Diamond
4 years
13/ Some experiments I'm tracking/think are interesting forerunners- built a blockchain powering mortgage lending that helps speed up transaction times + limit title issues. is tokenizing RE assets, somehow skirts reg issues.
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@AustinLDiamond
Austin Diamond
7 months
SEC's Forms 10Q/10K also require companies to show assets and liabilities, exposing what's on their balance sheet. Creative accounting can make this difficult to understand for the average investor. It's also on a time delay and delivered via EDGAR, a website designed in 1992.
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@AustinLDiamond
Austin Diamond
11 months
AMKT remains the best way to get broad based exposure to crypto. L1s (BTC, stETH, SOL) L2s (OP, MNT, MATIC) DeFi (LDO, UNI, LINK) + more All in a single asset.
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@AustinLDiamond
Austin Diamond
1 year
This piece from @morganhousel belongs on some kind of Mount Rushmore for financial writing. 5+ years old, relevant forever
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@AustinLDiamond
Austin Diamond
7 months
Skinner’s variable rewards explains an enormous amount about investor psychology. We’re addicted to trading because we know returns exist, but have no concept of when they’ll come + how large or small they’ll be. Simply intoxicating for the primate brain. Study doing nothing
@pythianism
Vance Spencer
7 months
Points and airdrops are more popular than predictable yield due to a concept called variable reward. This is why gumball machines aren’t addictive and slot machines are. Study basic psychology
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@AustinLDiamond
Austin Diamond
3 years
@alongsidefi So grateful for all the early support! Upping this to 1k!
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@AustinLDiamond
Austin Diamond
2 years
It took Bogle decades to come around to the idea ETFs could be a good thing for regular investors. I think given a couple of decades, he'd have come around to crypto too.
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@AustinLDiamond
Austin Diamond
2 years
@OnChainDen Huge! Very happy Den users at @alongsidefi :)
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