Backstage Pass: The puck skids under the roulette wheel
Founder meltdowns and regulatory glow ups // Fading on Farcaster // EigenBust? // Astroturf the Senate // Bold bets
Okay I really am going to deliver the first episode of Diamond Rhino, my new podcast, this Sunday.
I will steelman an often vilified, never defeated crypto asset. Email me a guess about which one you think it will be (or that you think it should be).
Researching it, I learned something that very much surprised me. Not a secret, but I didn’t know. I bet you don’t either. Blew my mind.
11 years ago today, the price of bitcoin was $375
The 11th largest crypto asset was namecoin
The 111th was razor
Uncle Atkins will pump you up
There’s no crying in the casino, but I guess you can have a total conniption in the parking lot and that’s no harm, no foul. You’re not going to put a guy just trying to throw dice down the table off his game out there.
Ken Chan, a founder in the space, DeFi builder, crypto nouveau riche, had a temper tantrum on X where he wrote that this whole space is nothing but a giant casino. The essay has conti…