X @Solana

Blockchain & Finance - Blockchains are distribution engines for financial products, similar to how YouTube distributes content, reshaping the products themselves [1] - Solana aims to create markets optimized for active participation, catering to crypto's active retail user base [2] - Traditional markets favored long-duration US growth assets due to passive dominance, low interest rates, and low inflation, but this regime is changing [3] Market Trends & Valuation - Narratives are abundant and losing value, shifting the focus to cash flow as the new coordination point [4] - The valuation premium is shifting away from distant promises and toward present, verifiable earnings [4] - Cash-flow-producing businesses are becoming scarce and mathematically verifiable coordination points [5] Investment Opportunities - Bringing more stocks on-chain, especially in hard-to-access and cheaply valued markets like the Dubai Financial Market (DFM), could re-rate their valuation [5] - DFM trades at a 14 PE ratio, while similar markets are ~2x more expensive, potentially due to accessibility issues [5] - Value businesses will have a higher valuation with more distribution, similar to YouTube videos gaining more views than local TV broadcasts [6]