tribune of the plebs

Joined February 2022
More sophisticated actors are now coming onchain. People haven’t seen strategies like these before and naturally are quick to call them “wide sandwich attacks” but the truth is the big boys are now onchain and the bar of competition has been raised…
1/8 There are rumors of a new kind of sandwich on Solana. However, a sandwich needs one thing: knowing your trade before it lands. We looked at the on-chain data and found no sign of that. What we see is a momentum bet. 👇🧵
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1/8 There are rumors of a new kind of sandwich on Solana. However, a sandwich needs one thing: knowing your trade before it lands. We looked at the on-chain data and found no sign of that. What we see is a momentum bet. 👇🧵
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The irony of all this is it’s framed as an ai risk that needs protection against. But think about what it really means Our banking system is so unsustainable and extractive that the moment humans have smart ai bots advising them, the ai bots will recommend exiting banks and earning better yield elsewhere Which makes most banks economically unviable This isn’t AIs fault, it’s a risk of highly monopolized and extractive banking And it’s fixed by decentralized finance + ai, where users decide what to do with their own assets and earn their own yield
The chief economist at Apollo is warning that mass adoption of AI agents could trigger a bank run as they optimize user investments. Gary Gensler spent his last few years as SEC chair warning that the exact same problem will hit the markets: the pursuit of algorithmic perfection at scale destroys system stability. Personal-finance agents making simultaneous optimal decisions could potentially cause a massive flash crash. Agent acausal coordination, with no messages passed between them, will show up in a lot of places. Markets will get the big headlines, but huge numbers of clever advisors making very similar choices will impact all of human society. Capability gains make this worse, not better. The smarter the agents, the narrower the optimal path; and knowing that other agents see that exact same path lets them move together without talking to each other. Agents do not need to collude to act in unison. Thus, they break no human laws by doing so. Human laws were not written for this. They were not written for a lot of what is coming, and it is about to start happening very fast.
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Marcantonio retweeted
we might be thinking too small about what can be built on solana
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Marcantonio retweeted
My thanks go to everyone who put so much effort into the CLARITY Act— across the Administration, Congress, investors, and innovators. Our collective conviction that America must continue to lead is indispensable. I have been unequivocal: with or without legislation, we will act decisively within the SEC’s statutory authority to deliver certainty for American investors and for the entrepreneurs shaping our technological future. Stay tuned.
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Marcantonio retweeted
It is time to rebuild the Twin Towers. Never forget, never surrender.
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Marcantonio retweeted
CZ 🔶 BNB
@cz_binanceSep 8
IPOs will move on chain.
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Marcantonio retweeted
Jobs not finished until a prop amm on solana is the nbbo and all USA brokers must route to it
In our four-stock sample, @Backpack fills on @solana had median execution costs 5.8 bps below Robinhood Chain below $1K, and 12.1 bps below for $10K to $20K trades. Measured against the stock midpoint, before network fees.
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Marcantonio retweeted
as someone who has actually been here since inception, this is rather funny you see a version of this every 5 months for years Solana is in the best place it's been in since inception - leads RWA growth - leads spot - leads scale with more scale than all other chains ***combined*** including "newcomers" - is not a multisig server - just got 2x faster - just doubled blockspace - just passed disinflation proposal - has the highest number of rev generating startups - *does* have a great path w.r.t perps with a dozen integrations coming up - has an upcoming most scalable privacy and private defi layer in all of crypto - is the most battled tested blockchain at mass scale in existence - is top 2/3 in literally everything this is not to say it is perfect or is without its troubles. it has a lot of work to do. and the best track record for doing it. it is simply to say "it's in the most perilous place it's ever been in" is nonsense slop trillions
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Marcantonio retweeted
ok everyone get back to work
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Marcantonio retweeted
Inflation reducing, slot times shrinking, rent is going down. It’s time for $SOL to shine and even more importantly time for Solana the network to thrive.
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Marcantonio retweeted
The capital rotation of the year If you’re in AI, pivot to crypto
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Marcantonio retweeted
🤯🤯🤯
HUGE: @Solana now executes larger tokenized stock trades at a better price than US exchanges, in regular hours and outside them. Wall Street built its execution edge over 200 years. Solana matched it in seven weeks.
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Marcantonio retweeted
We are LIVE on X with Solana Weekly News: ➡️ Will $SOL finally go deflationary? ➡️ Gigabrains @cavemanloverboy (Temporal) and @s4bs94 (Harmonic) join to unpack SIMD-0550 & 0553. ➡️ Plus, the six stories shaping @solana this week Tune in! 👇 xitter.cf/i/broadcasts/1DGleeALa…
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NEW POD: Is Distribution Crypto's Biggest Moat? We Cover: 🔹 Strategy's new playbook 🔹 Solana's volume surge 🔹 Battle over perps market 🔹 Ethereum's leadership shift 🔹 $HOOD vs $COIN & more! @marcarjoon @marcryptonio @dlawant Links Below ↓
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Crypto's next winners may be decided by distribution. @marcarjoon argues that Binance, Robinhood, Coinbase, and OKX have a structural advantage because they already control the user relationship. As RWAs and perps mature, access to users may matter more than owning the underlying protocol.
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ICYMI NEW POD with SEC Commissioner Peirce We Cover: 🔹 Tokenized securities 🔹 Innovation exemption 🔹 Rule 611 vs DeFi 🔹 Crypto’s gray areas & more! @HesterPeirce @marcarjoon @marcryptonio @dlawant @SECGov TIMESTAMPS: 00:00 Intro 02:19 What People Misread About The SEC 05:07 Hester Peirce’s Regulatory Path 09:10 Tokenized Securities Framework 12:21 The Innovation Exemption Debate 16:11 Does Rule 611 Block DeFi? 20:27 Where Registration Should Attach 25:16 Onchain Finance vs DeFi 32:30 Crypto’s Remaining Gray Areas 40:12 Making Public Markets Work Again 46:13 Tokenized Securities Models
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Price discovery may matter more than regulation for integrated tokenized markets. @HesterPeirce argues that markets naturally arbitrage price differences, making transparency more important than mandates as tokenized markets evolve. "We don't need to have a regulatory system that mandates that. It will happen organically."
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Tokenization is exposing just how outdated market infrastructure has become. @HesterPeirce argues this is a rare opportunity to redesign the rules around transfer agents and clearing agencies, not just digitize existing markets. "Now is actually a better time for us to rethink what those rules should look like."
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Institutional Bitcoin may be bullish for privacy coins. @Matt_Hougan argues that as Bitcoin moves further into regulated, corporate, and ETF channels, it creates space for assets serving crypto’s “pirate corner.” “Could it be 10% the size of Bitcoin? That doesn’t seem absurd.”
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