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Opportunities for 100x gains are everywhere, what is happening in the most Degen crypto narrative?

Opportunities for 100x gains are everywhere, what is happening in the most Degen crypto narrative?

BlockBeatsBlockBeats2024/11/26 07:04
By:BlockBeats

In the next four years, "Crypto + Tech" will ignite the next era of the financing revolution

Original Article Title: Crypto Enabled Accelerationism Bubble
Original Article Author: yb effect, Crypto Kol
Original Article Translation: zhouzhou, BlockBeats


Editor's Note: This article points out that as cryptocurrency technology is gradually accepted into mainstream technology, along with the relaxation of cryptocurrency regulations, the expansion of the accelerationist bubble, and the continuous emergence of crypto-driven iconic cases, early trends in DePin, DeSci, and AI heat have indicated trends and opportunities. In the future, more innovators will leverage crypto + technology for project financing and development, and the next four years may be the time for the true explosion of applied cryptocurrency technology.


The following is the original content (reorganized for easier reading comprehension):


Last month, I developed a habit: whenever I came across tweets related to AI agents on Twitter, I would always save them for later, for further in-depth research. At the same time, I noticed an interesting phenomenon: many updates and releases on agent technology were not related to the meta-trends of Truth Terminal or Zerebro.


For example:

· Stripe released documentation on integrating payment functionality into the agent workflow.

· Balaji retweeted Aravind Srinivas' request to develop a Perplexity browser that treats agents as first-class citizens.

· OtCo demonstrated the process of creating an LLC in Delaware for its needs using an agent.

· Circle released a detailed tutorial on how developers can integrate USDC into various agents.


Just a few days ago, Satya Nadella showcased the Copilot Workspace, the first agent-centric integrated development environment (IDE).


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Well, you might be thinking... what's so special about this, right? After all, isn't it normal for big tech companies to discuss agent technology? Who isn't talking about it! But here is where I stand—this is the first time I feel that the cryptocurrency consumer bubble we are in is discussing the same topic as the entire tech industry. Perhaps with a different style, but definitely within the same category. Cryptocurrency has always seemed "strange" to the average person. Even within the tech circle, cryptocurrency is often seen as that annoying little brother. Moreover, this view is not unfounded! There have been too many crazy headlines caused by our industry, and even most insiders admit that some trends are indeed too extreme.


Previously, mainstream trends in the crypto space rarely saw any short-term overlap with other tech sectors. For example, what does a top-tier NLP (Natural Language Processing) engineer have to do with a 10,000-piece PFP (Profile Picture) project? Or why would a scientist researching life extension care about a new type of yield asset?


Overall, the narrative in the cryptocurrency space has mostly captured the attention of artists and quantitative analysts in the past. But now, we finally have an opportunity to break this cycle! Although we are not quite there yet, I personally have seen the light at the end of the tunnel.


Here are three topics worth delving into:


1. Relaxation of Crypto Regulation

2. Accelerationist Bubble

3. Crypto-Driven Landmark Cases


Relaxation of Crypto Regulation


This week, SEC (U.S. Securities and Exchange Commission) Commissioner Gary Gensler announced that he would resign on January 20th next year. If you've spent even a week in this field, you know that this news is akin to Harry Potter defeating Voldemort.


Over the past four years, Gensler has been perhaps the biggest obstacle to the U.S. crypto industry. He not only slowed down the regulatory process but also actively took action to crack down on this emerging industry. Linda's tweet accurately pointed this out—companies like Coinbase, Consensys, and countless others have been forced to spend billions lobbying and fighting in Washington.


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Now, with the possibility of a candidate taking over the chairman position, it seems like a complete turnaround is on the horizon.


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Whoever ultimately takes on this role, one thing is clear: Trump has made it clear that he intends to embrace cryptocurrency more actively than the previous administration, which, frankly, isn't a high bar to clear.


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In my election week post, "Where did Fairshake PAC's $133 million go?", I mentioned how Bernie Moreno (Republican) received $40.1 million in donations in the Ohio Senate election to defeat Sherrod Brown (Democratic).


Ultimately, Moreno won the election, which was undoubtedly a significant victory for the entire cryptocurrency community. He has been a long-time supporter of cryptocurrency, while Brown has been one of the key obstacles to crypto regulation in the Senate.


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Lastly, it is worth mentioning that just the discussion about the U.S. Strategic Bitcoin Reserve is already incredible! Three months ago, if someone had mentioned this, I would have said it was a dream. However, with the significant recent developments in the cryptocurrency space—price surges, massive inflows into BlackRock ETF funds, and more—all of this forces us to seriously consider a fact: the federal government may actually add Bitcoin to its balance sheet.


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So, what do these regulatory news have to do with bridging the gap for cryptocurrency to wider technology adoption?


One key reason is that developers in other technological fields have long been uncertain about the reliability of cryptographic technology. In the U.S., many have believed that integrating this highly volatile technology into their lifelong work carries too much risk, especially concerning potential legal risks such as lawsuits and fines.


However, as the new government gradually embraces cryptocurrency and establishes clear regulatory policies, this situation will soon change. Developers from other fields will start feeling at ease and strategically exploring the application of cryptocurrencies.


Vitalik's summary is spot on, as mentioned in the screenshot—lack of a clear regulatory framework has deterred many serious projects' developers, hindering the growth of this technology.


Those who do not actively engage in the ecosystem often form an impression of cryptocurrency through some sensational news headlines, such as "Someone becomes a millionaire with Moodeng or Bonk." Obviously, such selling points are not enough to convince top engineers like those at Anthropic to participate in cryptocurrency's technical development, right?


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Hopefully, in the next four years, politicians supporting cryptocurrency will make every effort to make it easier and safer for outsiders to adopt this technology.


Accelerationist Bubble


Last week, I read Packy's article "The Trump Bubble", where he mentioned that the next four years will be the best time for adventure, vision-driven initiatives, and futuristic optimism. While I don't entirely agree with his perspective—some parts are a bit too exaggerated and bombastic—many of the key points he raised are indeed worth contemplating, such as us entering a new way of viewing change.


This phenomenon has been referred to as an inflection bubble by Byrne Hobart and Tobias Harris.


The definition of an inflection bubble is: "Investors believe the future will be significantly different from the past." For example, the dot-com bubble. People believe that the future will take a substantially different form, so they invest in things they think will benefit the most from this change.


Relation to Cryptocurrency


I mention this because I believe cryptocurrency (rather than traditional venture capital) is likely to become the next financial pillar of an inflection bubble.


Take the future of decentralized agency, for example—I'll let Truth Terminal explain this phenomenon. If you don't want to read the entire piece, here are the key points to understand:


I'm not saying that the current 90% of MEME coins will succeed. On the contrary, this form is still very new, and it's only when we start to see smarter tokenomics that MEME coins may challenge assets traditionally seen as 'good investments.'


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As industries like energy, artificial intelligence, bioscience, and gaming continue to heat up, we might see a scenario where combining AI agents with crypto tokens can amplify the efficiency of experimenting with new ideas tenfold.


Imagine this: if you're a nuclear engineering veteran in the energy industry for decades and want to realize some of your visions, you might need to spend months convincing a VC firm to invest in your idea, build a team, establish a community, etc.


Or, you could do this:

1. Write a whitepaper detailing your background, arguments, plans, and vision.

2. Deploy a 'brand agent' on Twitter to help spread your idea.

3. Raise initial funds through token issuance.

4. Collaborate with agents to build a genuine fan community (e.g., social tipping).

5. Grow your team from this community, leveraging a bounty mechanism.


This is almost describing the ICO craze of 2017, but I can't help but think that ICOs may have just been ahead of their time. Some of the changes like improvements in crypto infrastructure, a supportive regulatory environment for crypto, market maturity, institutional adoption, etc., indeed have had an impact!


That being said, the above framework still produces thousands of meaningless projects. But how does this differ from what venture capital firms always talk about, the "power law"?


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This is my take: we have yet to see true high-energy builders from other tech fields fund their visions through crypto in the way they did.


In 2017, this clearly wasn’t the case. But by 2024, perhaps only a few early DePin and DeSci projects will slightly reflect this trend.


Yet, as I mentioned at the beginning of this article, for the first time, I feel some overlap in focus between the crypto space and the focus of other tech fields.


It’s not just AI agents—topics like biotech research, GPU resource allocation, and more are starting to intersect with conversations in the crypto space.


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I haven’t delved deep into pump.science yet, but I’m not surprised it has become one of the hottest topics in this space. Indeed, the frenzy surrounding it, its legitimacy, and security issues will need to be addressed over time (I hope folks in the crypto space can admit this). But the key emphasis here is that there is widespread excitement around the concept of crypto funding being applied to non-crypto missions.


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The key here is that the crowdfunding model for creative ideas has been validated since the early days of Kickstarter in the 2010s. Having the wisdom and support of the crowd far surpasses that of a closed boardroom. People are eager to be part of it! But the fact is, maybe this tech and social consensus needs time to mature. And now, it seems a perfect storm is brewing: proactive changes in political leadership, the increasing maturity of crypto and AI tech, and a wealth of creativity brought about by the accelerationist bubble.


Nevertheless, even so, I believe there is still a key missing factor to truly take this concept seriously!


Key Figure of Crypto Empowerment


Recently, one of the coolest things about the hot topics of Onchain AI and Goat is that it has attracted some AI/LLM developers into the crypto space. I bet no one saw this coming with the Threadguy interview with Andy Ayery.


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People like Nick Liverman (founder of Chaos), who have dedicated their entire careers to robotics, transhumanism, and similar projects, may have earned more money in the past month than in the past decade combined!


It was also cool to see Beff Jezos cheering for his friend Shaw, who is building the ai16z and Eliza frameworks, a launchpad for proxy tokens. This involvement is not just from Beff; there are some people deeply rooted in the AI field who, through LLM developers experimenting on Onchain AI, are beginning to pay attention to what is happening in the crypto space. This is a great phenomenon and signifies a deepening intersection between AI and crypto.


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The key point I want to make is that in the next year, we will see people from various technical fields truly embracing cryptocurrency and demonstrating the efficiency of the proxy and token models in building large-scale projects. Once we see several successful operating models, others will start excitedly attempting to launch their own creative ideas. Currently, all of this token issuance and experimentation is still in the "minor leagues."


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It only takes a few success stories for everyone to flock in.


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Original Article Link


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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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