confessions for the parasocial relationship we're cultivating
a critically acclaimed weekly consumer crypto roundup
bom dia,
intimate confessions for the parasocial relationship we're cultivating:
-when nervous, my speech pattern contains traces of the countries i frequently open VPNs to;
-i maintain professional distance from crypto while my drawers groan under the weight of hardware wallets;
-i perform labor in exchange for stablecoins, though the specifics would violate several ndas;
-i'm cultivating digital relationships purely for intellectual stimulation and definitely not to eventually pitch you
-my DMs are open for technical discussions and nothing whatsoever to promote;
-sometimes i attend side events just to drink a matcha and disassociate in the corner like a victorian ghost
-there's something undeniably attractive about devs who can debate chain abstraction with the passionate intensity normally reserved for religion or sports teams
-I've developed pavlovian arousal responses to the interface notification sounds
-when i over-caffeinate, my fingers enter a fugue state and produce telegram messages that read like incomprehensible confessions from a dying ai
as we navigate these unpredictable waters, remember that we're not just losing money together, we’re forging memes in the crucible of financial trauma and reshaping cultural narratives
my work here is sensual, disorienting, and periodically fact-checked. you can plan on reliving our parasocial relationship again and again in the pages of the seed club newsletter. and if you’re not a fan, keep that to yourself. rejection sends me into a consuming and spiraling depression lasting ~6-8 weeks, approx the time it takes for an ephemeral crypto app to run its course
enjoy some mostly accurate reportings below
xx, c
Believe app
Token launchpads are evolving beyond being glorified memecoin vending machines. Believe just quietly dropped their API. Yes, an actual product that lets builders do something beyond staring at bonding curve charts while hyperventilating. Wild, I know.
The first endpoint, which Ben Pasternak confirmed on Twitter, enables programmatic coin burns. Suddenly those vague whitepaper promises about "token burns tied to product utility" might actually be implementable instead of forever languishing in the 2-3 weeks SoonTM graveyard.
Here’s a demo of the upcoming Believe API — going live shortly.
The goal of the Believe API is to make it easy for builders to create harmony between their product and coin, no matter what their product does.
The first API endpoint lets builders burn their coin
The goal of the Believe API is to make it easy for builders to create harmony between their product and coin, no matter what their product does.
The first API endpoint lets builders burn their coin
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What's particularly clever is that Believe is funding these burns from their accumulated transaction fees, which means they're essentially recycling platform revenue back into supporting token values.
Let's use Dupe (one of Believe's early launchers) as a theoretical example: they could trigger burns every time users complete deal searches, their core KPI. This creates a flywheel where increased product usage directly strengthens tokenomics, rather than the usual disconnect where a project's token and product exist in completely different universes.
Believe is showing promising signs of understanding something fundamental: launching tokens is the easy part...building sustainable token economies that actually enhance products is the real challenge. Watching founders pivot from "internet capital markets LFG!!" to actually building infra that helps tokens integrate meaningfully with products feels like witnessing crypto's collective frontal lobe finally developing.
Consumer Crypto's B2B Trojan Horse
I've never been more bullish on crypto. Which either means we're about to experience unprecedented success or I'm suffering from the euphoric delusions that precede spectacular ruin. The signs are enticing: regulatory tailwinds that would have been unthinkable six months ago, Apple finally letting NFTs into their walled garden, and a SEC that occasionally goes days without threatening anyone.
But here's the less sexy truth: the real adoption path probably runs through the most boring corridor in the building: B2B. As Jared noted on Internet Explorers, while we're all chasing retail dopamine hits, enterprises are quietly integrating blockchain into backends that will eventually cascade to consumers who won't even realize they're using crypto.
Just like YouTube transformed media by letting creators compete with established gatekeepers, this enterprise-first approach might finally break crypto out of its self-referential terrarium. We love to pretend we're building for "mass adoption," but at what point do we admit that trading the same assets back and forth between the same 100,000 people isn't exactly world-changing? Maybe the breakthrough comes when someone's grandma unknowingly receives her pension payments via stables or when a beauty influencer gets platform payouts.
Build for Humans, Not Hashrates
Behavioral economists often state that markets are made of people, not rational agents. Human factors like emotion, biases, and social influences impact our investment choices, which breed irregularities and inefficiencies. We experience this daily, even outside of markets. It creates perfect imperfections and keeps the world interesting.
My favorite potential plot twist? Consumer apps might eventually flip the whole "L1/L2 as platforms" narrative on its head. Zora's quote pairs model shows how this works. Every trade involves their token, turning the app into an index of value created on the platform. When enough apps follow suit and own the customer relationship, the L1 becomes plumbing rather than protagonist. Power flows to whoever owns distribution, not whoever maintains the pipes.
For builders, the message is clear: you can launch sparkling vaporware and enjoy your fifteen minutes, or you can build something that generates actual value and align incentives between builders and traders. As Peace so eloquently put it, "crypto has consistently overpromised and under delivered"... so maybe try under-promising and actually shipping something that makes money?"
Stablecoins: Dollar Hegemony's Hottest Rebound
Remember that time politicians shut down Facebook's Libra project for daring to create internet money? Fast forward to 2025, and now Scott Bessant is testifying to Congress about the glorious future of "$2 trillion in dollar-denominated assets on blockchain." Turns out stablecoins are less "existential threat to monetary sovereignty" and more "dollar's sexy digital avatar." When someone in what Arthur Hayes eloquently calls "bumblefuck Indonesia" holds Tether instead of their local currency, they're essentially hoarding digital dollars, extending America's financial reach to places traditional banks fear to tread. Our government finally realized what crypto degens knew all along: stablecoins are the dollar's Trojan horse, not its replacement.
Stripe is rolling out stablecoin accounts in 100+ countries, Ramp launched stablecoin-backed cards giving basically everyone access to e-commerce, and Meta's flirting with stables for creator payouts. Real-world use cases are boringly practical: businesses paying overseas contractors, creator platforms distributing payments, and cross-border commerce without the soul-crushing friction of trad banking.
The issue for Bessant (which Hayes breaks down) is that stablecoin issuers hoard short-term T-bills, not the longer-dated bonds Treasury desperately needs to offload. Why would Tether lock up capital in 10-year treasuries when T-bills offer the same yield without the commitment issues? This structural mismatch means stablecoins aren't fully solving Treasury's funding kink, and Hayes speculates we might eventually see legislation forcing stablecoin providers to buy longer-dated treasuries... for the good of the nation, of course.
I can't decide if this represents crypto's co-option by tradfi or finance's surrender to inevitability. What's clear is that dollar-dominated stablecoins let America extend its financial tentacles far beyond what traditional banking could achieve. Meta's renewed interest isn't brave innovation, it's pragmatic capitulation to reality: global payment rails must evolve, and stablecoins are the path of least resistance.
The regulatory complete 180 simply acknowledges what happens when ideology meets reality: better to have dollar stablecoins dominate global digital commerce than watch alternative currencies fill the void. Sometimes you realize your worst enemy might actually be your best ally.
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Ripple acquiring Circle would be worse than Hooli acquiring Pied Piper
My parents immigrated to the states so I could become a DJ
I’ve decided falling in love would interfere with my primary objective of creating shareholder value
internet capital markets requires incentive alignment, coordination, and structure between both builders and traders.
without that, we have sparkling memecoins
without that, we have sparkling memecoins
We are a creator-led movement to restore Ethereum’s cultural presence through one shared mission: make Ethereum impossible to ignore.
The time for ETHRNSM is now.
The time for ETHRNSM is now.
storming off dramatically then silently coming back for my vape
/seed_club/investments/q4/pumpparty.pdf↳ Virality as a feature. Fandom as distribution. Internet culture, onchain.
The @pumppartyapp team is building fun, social, culture-first game show experiences, where crypto mechanics and rewards enhance the experience, not define it.
a critically acclaimed weekly consumer crypto roundup https://paragraph.com/@seedclubhq/confessions-for-the-parasocial-relationship-were-cultivating
a critically acclaimed weekly consumer crypto roundup https://paragraph.com/@seedclubhq/confessions-for-the-parasocial-relationship-were-cultivating