John Wang @j0hnwang Twitter profile

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John Wang

@j0hnwang

4 months

Just hit 20k Followers 🥳 For all the new folks here's my quick intro: 🧊

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Last Seen Profiles

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John Wang

@j0hnwang

4 months

I attended the SBF trial. It was one of the most mind-blowing experiences of my life. Seeing him get a 25 year sentence today is as surreal as it felt sitting right behind him in that courtroom. Here’s my story of that day:

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John Wang

@j0hnwang

2 years

Web2: "If you're not paying for it, you are the product." Web3: "If you don't understand the source of yield, you are the yield."

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John Wang

@j0hnwang

2 years

Now that DeFi has failed... Music NFTs.

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John Wang

@j0hnwang

3 years

A Fantom Thesis. The L1 rotation is gaining momentum, and there’s nothing you can do to stop it. I condensed 50 pg of research into the most comprehensive thread on FTM yet.

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John Wang

@j0hnwang

3 years

A NEAR Thesis. @NEARProtocol is the fastest sharded PoS chain with unique sharding tech, high multi-chain interoperability, and relentless focus on UX/DevX. 1/x

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John Wang

@j0hnwang

4 months

I departed the courtroom feeling empty, trying to process the gravity of what I had just experienced. 1. Crypto has very real and colossal consequences. Judge Kaplan had also adjudicated cases involving: Trump, Prince Andrew/Epstein, and Al Queda terrorists. We’ve hit a scale

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John Wang

@j0hnwang

2 years

Raising $50mm seed at $1B valuation for my STEPN farming factory

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John Wang

@j0hnwang

3 years

We all know L2 tokens are coming and they will 🚀 But there’s been little info about what L2 tokenomics will look like, and wen token? I launched one of the first L2 tokens and reviewed every existing one: here’s what I think #L222 @StarkwareLtd @zkSync @OptimismPBC @arbitrum

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John Wang

@j0hnwang

4 months

His lawyer pleaded the judge for adderall to stop SBF from shaking. The judge replied “I can’t be having lawyers coming in and feeding drugs to people on trial”, stirring up laughter among the journalists and furious head-shaking from SBF’s mom.

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John Wang

@j0hnwang

3 years

I think my microwave is trying to tell me something👀

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John Wang

@j0hnwang

4 months

Going in that day, I hoped to give SBF some benefit of the doubt -- attributing negligence over malice. That faded quickly. Why? • SBF had singular control over FTX-Alameda’s mixing of funds. He was the only executive with vested interests in both. • Alameda had a $65B credit

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John Wang

@j0hnwang

4 months

If you enjoyed the read, please like my original post and give me a follow for more of this stuff :)

John Wang

@j0hnwang

4 months

I attended the SBF trial. It was one of the most mind-blowing experiences of my life. Seeing him get a 25 year sentence today is as surreal as it felt sitting right behind him in that courtroom. Here’s my story of that day:

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John Wang

@j0hnwang

4 months

The jury looked like NPCs randomly picked off the street. No-one looked younger than 40, half were obese, and some didn’t even bring a notepad. Lawyers had to explain every single crypto term. “When I was your age, mining was about getting rocks”, smirked the judge.

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John Wang

@j0hnwang

4 months

They only let 20 people in so I arrived at 4 a.m in the dark. The only other person before me was the NYT reporter who’d been rumored as the mouthpiece for SBF’s parents leaking facts. He was also the only journalist I saw talk to the parents.

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John Wang

@j0hnwang

3 years

A ridiculous amount of L1 validators are run by AWS. @FantomFDN ’s nodes are AWS, and they guide the community to do the same. dYdX literally crashed bc of AWS outage 2 mon ago. A decentralized network run by centralized AWS nodes is not truly decentralized.

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John Wang

@j0hnwang

4 months

FriendTech V2 is dropping in 1 month. I bought @0xRacerAlt ’s key for $10,000 and digested all his private messages from the past 6 months so you didn’t have to. As the 3rd largest @friendtech key buyer of the past 7D, read on for V2 leaks. 👀 Revival arc inbound? 🐰

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John Wang

@j0hnwang

4 months

On Crypto Twitter, SBF was a larger than life character. I first texted him as a freshman Research Assistant in 2020 when FTX was getting started. He inspired me to join the Solana ecosystem in early 2021. Soon, Sam was the youngest billionaire in the world.

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John Wang

@j0hnwang

4 months

The Trump case was happening simultaneously in the neighboring building. There were Secret Service agents, steel fencing, and black vans crawling the area at the crack of dawn. I waited 5 hours in the winter cold of NYC Financial District.

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John Wang

@j0hnwang

4 months

Today a huge witness testified: Nishad Singh, 3rd largest FTX shareholder and Director of Eng. He had signed a plea bargain with the FBI. He blinked tears as he got on the stand. “I participated in money laundering, defrauded customers and doctored financials to investors”.

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John Wang

@j0hnwang

18 days

Thinking that only dog and cat coins are what memecoins can ever be is so tragic

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John Wang

@j0hnwang

4 months

Overall, massive fraud and no sense of bank accounts, employees, cash on hand, liquidity management, digital asset custody, cybersecurity practices, or any form of corporate control or governance

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John Wang

@j0hnwang

4 months

The courtroom was much smaller than I imagined. I exchanged ‘hellos’ with his parents who sat on the bench next to me. Film writers, sketch artists, and journalists eyed SBF like a zoo animal. Everyone stood as the judge walked in.

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John Wang

@j0hnwang

4 months

Jurors' heads turned back and forth between prosecution and witness like a tennis match, for 8 hours. I peeked at SBF’s mom’s notepad to see her notes but she was just doodling (lol).

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John Wang

@j0hnwang

3 years

watching my irenezhao nfts 10x in a day while my finance prof talks about efficient market hypothesis on zoom🐸😂

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John Wang

@j0hnwang

4 months

The prosecution leaked SBF’s diary entry recounting a post-Superbowl party with Hillary Clinton/Kendall Jenner/Katy Perry/Dicaprio/Bezos. $1B in sponsorships (e.g. Steph Curry, Kevin O’Leary, and Tom Brady). The $30m Bahamas penthouse. Jurors chuckled at the opulence.

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John Wang

@j0hnwang

3 years

Economics was born through “The Wealth of Nations”. DeFi is its modern Renaissance. @danielesesta & Frog Nation. @stablekwon & Lunatics. @Tetranode & Tetrasimps. Beneath the legions of zealots they command, a common gem crystallized - the ultimate control stack of DeFi legos.

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John Wang

@j0hnwang

4 months

It was insane to see the face that once covered magazine front-pages and billboards in Times Square reduced to the butt of a joke. Outside the floor-to-ceiling window was a bright blue sky dotted with soft clouds. The contrast was sickening.

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John Wang

@j0hnwang

4 months

But sitting in the front row, all I saw before me was a meek, clenched, pale man -- smaller in stature than I expected. We briefly made eye contact before his eyes darted away and he lowered his head.

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John Wang

@j0hnwang

3 years

A Cardano Thesis. Cardano is the most decentralized, high throughput Layer-1 blockchain with a thriving ecosystem and rapid shipping speed. 1/x

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John Wang

@j0hnwang

4 months

“I’ve always been intimidated by Sam… [He] has physical twitches when he gets angry, grinding his fingers, closing his eyes, and grinding his teeth or tongue in his mouth… I was suicidal” SBF's parents squinted their eyes, pursed their lips, and coughed in protest.

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John Wang

@j0hnwang

3 years

#Solana is one of the few L1s that truly scale with Moore's Law. Single-thread performance has stalled since the mid-2000s. @solana 's parallel runtime is multi-threaded, whereas @ethereum has single-threaded transaction processing. Act 1: How does Solana achieve this?

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John Wang

@j0hnwang

3 years

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John Wang

@j0hnwang

4 months

Friend: What’s @base ?? Me: @BNBCHAIN but White instead of Asian.

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John Wang

@j0hnwang

2 years

140 person company. Surely not to maintain the DEX? I wonder what Uniswap has planned.

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John Wang

@j0hnwang

1 month

Wow it’s onchain!

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John Wang

@j0hnwang

3 years

2 reasons I am buying $MINA: 1. Their recursive zk-SNARK tech is super cool 2. @zhusu just added it to his bio

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John Wang

@j0hnwang

2 years

L3s are going to be insane. App-specific rollup-on-a-rollup inheriting Ethereum security.

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John Wang

@j0hnwang

3 years

FTM’s deterministic, near-instant finality puts it in a league above other L1s as most employ probabilistic Nakamoto Consensus. For Eth this requires waiting ~25 txs to fully confirm. 10/x

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John Wang

@j0hnwang

2 years

Wasted so much time in 2020 as a clueless freshman cold-emailing and 'networking' whilst feeling cringe doing it Just publish cool insights, build stuff, and provide value to others and your network will come to you naturally. Best part is you don't feel cringe when doing it

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John Wang

@j0hnwang

2 years

Compound getting governance-attacked by Tron rn. Justin’s trying to raise the TUSD collateral factor from 0% to 80%. They borrowed enough COMP to reach 50% quorum.

GFX Labs

@labsGFX

2 years

. @justinsuntron recently borrowed 90k $COMP from @compoundfinance (+99% of the borrow cap) and currently has 102K COMP in his alt. He hasn't set it up for voting, but everyone should keep an eye out.

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John Wang

@j0hnwang

2 years

On the heels of OP, Starkware just announced the StarkNet Token. Looking to farm the airdrop before the September release? Trying to figure out where token value will accrue? How does this compare to Optimism's token design? Let's dive in.

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John Wang

@j0hnwang

2 years

I've learned 100x more about marketing from growing my Twitter than Wharton's marketing classes.

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John Wang

@j0hnwang

3 years

As SOL and ATOM become EVM-compatible thru @neonlabs and @Evmos , and NEAR and FTM challenge AVAX, we are about to witness the Great Alt-EVM Wars. Are you ready to go to war, anon?

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John Wang

@j0hnwang

2 years

If you make fun of protocols when they get hacked, you don’t belong in this space.

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John Wang

@j0hnwang

3 years

#Solana is still in Beta guys. When they release the real thing, $SOL will explode

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John Wang

@j0hnwang

4 months

Few realize that crypto is the greatest global multiplayer game of all time. And Crypto Social is how the world organizes itself into ideological tribes and parasocial factions. Embrace the meta-game. Don't mid-curve it.

John Wang

@j0hnwang

4 months

I am far more bullish on Crypto Social than Crypto Gaming as the leading form of entertainment.

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John Wang

@j0hnwang

4 months

@FearmeKVV There were movie writers and TV directors present. I had lunch with them during the break.

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John Wang

@j0hnwang

3 years

Sucks to be known as the "crypto guy" at school lmao. I probz spend every third dinner explaining AMMs/perps to friends, even when I just want to take my mind off web3😆

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John Wang

@j0hnwang

3 years

NEAR differentiates: it’s ETH 2.0 sharding on steroids + Solana’s speed + Avalanche’s EVM compatibility + Polkadot’s parachain shared security (but cheaper) + Cosmos’ IBC-compatible app-specific chains. 7/x

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John Wang

@j0hnwang

4 months

The most cracked, wealthiest, and busiest people I know have instant response times Some even prefer to hop on the phone immediately as opposed to scheduling down the line This is the highest signal for someone who's on top of their game

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John Wang

@j0hnwang

4 months

The future is NEAR

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John Wang

@j0hnwang

4 months

$DEGEN hitting $2B and the confirmed $1B Paradigm-led round means that we may be on the cusp of an all-out @farcaster_xyz season. Best tracker for Farcaster Community tokens is:

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John Wang

@j0hnwang

2 years

btw @opensea is coming onto @StarkWareLtd using @Immutable this quarter in case you missed it

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John Wang

@j0hnwang

2 years

A Succinct Deconstruction of L2 MEV. MEV has been insanely profitable for miners securing Eth L1, but where will value accrual propagate if activity moves onto rollups in the future? Will this undermine security? Can MEV be entirely eliminated on L2s? 1/x

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John Wang

@j0hnwang

3 years

TPS of L1s, Reality vs What They Claim: Avalanche: 7.7 (4.5k) ❌ Fantom: 13 (4k) ❌ Eth: 14 (14) ✅ Polygon: 53 (7.2k) ❌ BSC: 70 (160) ❌ Cosmos/Terra: Not 10k (10k) ❌ Solana: 2,450 (50k) ❌

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John Wang

@j0hnwang

4 months

My little brother aped his entire life savings into $TREMP and $BODEN last night buying crypto for the first time He’s already up 50% 😭

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John Wang

@j0hnwang

3 years

I don’t think people realize how much @StarkWareLtd is dominating rn

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John Wang

@j0hnwang

3 years

All these alt-L1s booming with the EVM-compatible playbook makes me respect @solana even more. Bootstrapping a dev ecosystem on Rust (hard af lang), new account-model paradigm, and forming such a moat is a BIG feat. @neonlabsorg launching EVM on #Solana will make things explode

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John Wang

@j0hnwang

1 month

Solana has an Asian girl explain tech to you in Tiktok form. Solana is the 3rd most successful chain. Study this

Solana

@solana

1 month

blinks are for everyone, everywhere.

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John Wang

@j0hnwang

3 months

1-to-1 importing of @farcaster_xyz 's social graph may be undesirable The slow grind of fostering native communities custom to your app experience and providing status games for new 'celebrities' to emerge is crucial e.g. idc what @adamscochran 's sports takes r on a sports app

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John Wang

@j0hnwang

4 months

Vitalik just joined FriendTech wtf

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John Wang

@j0hnwang

3 years

A compilation of my threads: 🌊

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John Wang

@j0hnwang

10 days

Whichever Crypto Social app that can onboard women as content creators will win

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John Wang

@j0hnwang

2 years

Congratulations Martin 🫡 @Enrique5060782

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John Wang

@j0hnwang

3 months

@dwr @farcaster_xyz @adamscochran Selective channel importing is potentially a good workaround

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John Wang

@j0hnwang

30 days

The two most successful consumer apps of crypto thus far, Axie and StepN, failed because with Play2Earn and Move2Earn playing/running wasn’t strongly correlated with asset value accrual. The flywheel was unsustainable. Whoever can perfect the flywheel will be magnitudes bigger

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John Wang

@j0hnwang

2 years

Gov power should be age-weighted, not just stake. This prevents borrowing massive amounts of a gov token right before trying to push your proposal through. It prioritizes long-term holders interested in the success of the protocol, rather than their own asset.

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John Wang

@j0hnwang

1 month

Attribution between Web2 identities and Web3 wallet addresses will likely be one of the most valuable forms of data in the future

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John Wang

@j0hnwang

3 months

So is Uniswap saying that memecoins are regulatorily sound

Uniswap Labs 🦄

@Uniswap

4 months

Despite SEC rhetoric that "most" tokens are securities, the reality is that tokens are just a digital file format The vast majority of tokens traded on Uniswap are definitively not securities, just like most paper is not stock certificates They are stablecoins, community

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John Wang

@j0hnwang

2 years

My dad always told me there is an age where people start befriending you not because of who you are, but what you can do. High-school banter eclipsed by 'coffees and lunches'. Honestly did not expect it to come so soon. I need to get better at differentiating the real homies

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John Wang

@j0hnwang

3 years

Legit had just 200 followers yesterday, absolutely insane to see it 10x in a day. Rlly fkn appreciate all the kind words! Any other projects you want me to write about?

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John Wang

@j0hnwang

2 years

compound rates lookin pretty tradfi lately😪

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John Wang

@j0hnwang

2 years

Frax marketing is just screenshots of Sam Kazemian DMs on Telegram 😂

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John Wang

@j0hnwang

2 years

People underestimate how fast new L1s and ecosystems can emerge. I watched Solana and Avalanche emerge out of very sparse ecosystems and very few builders within the span of 6 months. All you need is a few A+ teams to ignite a wave of new talent. Nothing is set in crypto.

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John Wang

@j0hnwang

2 years

Aave already got governance-attacked by Tron, with the recent proposal to deploy on BitTorrent PASSED. Forum post with 3 replies passed with 109k out of 110k AAVE in votes coming in last minute from A SINGLE ADDRESS funded by Poloniex. h/t @nathereum

John Wang

@j0hnwang

2 years

Compound getting governance-attacked by Tron rn. Justin’s trying to raise the TUSD collateral factor from 0% to 80%. They borrowed enough COMP to reach 50% quorum.

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John Wang

@j0hnwang

4 months

Expect multi-billion dollar hacks this cycle $62 million? We're just getting started baby

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John Wang

@j0hnwang

2 years

Vitalik is full of fluff. He’s never built anything that anyone will ever use. He is scary and also picks his nose.🙅‍♀️ His cofounder Charles Hoskinson on the other hand is a man I admire 👍🏽 He is reliable (and cute) 🧸 Most importantly the ADA community is one I love the most😊

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John Wang

@j0hnwang

3 years

Advantages: 1. Dynamic Re-sharding (Nightshade): Currently 3k TPS with 4 shards, projected 100k in 1yr, no ceiling 2. One of the fastest finality (2s) and lowest tx fees (<$0.01) out of alt-L1s 3. Gasless EVM chain- Aurora 4. IBC-compatible Parachains- Octopus Network 2/x

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John Wang

@j0hnwang

4 months

JUST IN: Blackrock Unveils Circle Competitor, $USDB Stablecoin

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John Wang

@j0hnwang

2 years

FTX has raised $1.8b now. Binance? $15m ICO. @cz_binance is a machine

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John Wang

@j0hnwang

3 years

Fantom has Avalanche’s speed, gas costs, and EVM-compatibility, Solana’s parallel tx processing, Terra’s stablecoin-focused DeFi engine ($SPELL) + a hardcore community and multichain focus. Going to be hard to beat. 4/x

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John Wang

@j0hnwang

3 years

Delta-neutral strategies and basis trading will be the next meta, as the perp + options vaults space matures. Reliable yield, tons of composability. @LemmaFinance @UXDProtocol @ribbonfinance @friktion_labs @Katana_HQ @ZetaMarkets @dopex_io

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John Wang

@j0hnwang

4 months

$DEGEN hitting $1B has paved the way for a new meta: bootstrapping mindshare via Farcaster channels and in-app social integration. Critical mass has been achieved. Up next: ↑

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John Wang

@j0hnwang

4 months

Let me remind you that @monad_xyz still hasn’t released testnet yet and their docs are relatively undetailed It’s incredible how much hype and fundraising they’ve generated while essentially still being in stealth mode

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John Wang

@j0hnwang

2 months

Can you not feel the exhaustion from both users and builders in crypto who are tired of yet another DeFi/infra project with non-existent DAUs and revenue? The space is hungry for something REAL

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John Wang

@j0hnwang

3 years

If I dropout I ain’t going down alone. My mission this sem is to convince friends to go full degen w me

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John Wang

@j0hnwang

3 years

I feel the @cosmos supercycle tingle. Been DAC'ing into $ATOM, $OSMO (core liquid DEX), and $JUNO (smart contracts). Will continue to do so.

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John Wang

@j0hnwang

2 years

“When the Ivy Leag FAANG kids come to Web3 we’ll be out-PvPed so hard” I don’t think this is true. Doing well in crypto demands a natural burning curiosity, scrappiness + contrarian thinking Everyone knows about crypto alr. Those w the self-initiative to dive deep are alr here

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John Wang

@j0hnwang

2 years

First your friends make fun of you for crypto, then they start to listen, then they ask for advice on how to break in. So satisfying

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John Wang

@j0hnwang

3 years

FTM plans on being a new homebase for the multi-chain deployment strategy of blue-chips such as $YFI, $SPELL, $CRV, $SUSHI, $ICE etc. FTM is Cosmos SDK-compatible, meaning Fantom dApps could interoperate with Cosmos app-specific chains like @Terra_Money and @OsmosisZone . 16/x

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John Wang

@j0hnwang

4 months

Blackrock’s BUIDL is an onchain, tokenized T-Bill fund Wait till they realize the largest onchain T-Bill product is USDC, except Circle keeps all the risk-free yield as revenue $USDB, Blackrock Stablecoin, is the logical next step for the largest asset manager in the world

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John Wang

@j0hnwang

22 days

what kind of five year olds do you know goddamn

Suhail Kakar

@SuhailKakar

22 days

zksync: explain like i'm five

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John Wang

@j0hnwang

2 years

Finance is fundamentally just different ways of repackaging yield and payoff profiles over different time horizons. Complexity and opacity favors the seller of the financial product who profits off of asymmetric information. veTokens, staking, etc are all just smoke-and-mirrors.

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John Wang

@j0hnwang

2 years

fr enterprise blockchain led me down the wrong path for like 4 years, wasted my time studying hyperledger during defi summer F

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John Wang

@j0hnwang

2 years

. @inversebrah

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