{ "schema_version": 1, "id": "1992932368894804352", "url": "https://x.com/Lamsito_eth/status/1992932368894804352", "generated_at": "2026-10-15T09:54:53.931167+00:00", "used_by": [ "SRC-COM14-1992932368894804352", "community" ], "post": { "id": "1992932368894804352", "url": "https://x.com/Lamsito_eth/status/1992932368894804352", "author": "Lamsito_eth", "author_name": "Lams", "published_at": "Mon Nov 24 12:24:38 +0000 2025", "text": "https://t.co/UerB3AUVas", "article": { "created_at": "2025-11-24T12:24:38.000Z", "modified_at": "2025-11-24T12:24:38.000Z", "id": "1992927325441470465", "title": "TIBBIR: The Most Mysterious and Bullish Web3 Project of the Cycle — Complete Thesis", "preview_text": "I. Introduction — What You’re Actually Reading\nThe projects that really change the game never launch with 40 Spaces, 12 paid KOLs and 3D cinematic trailers.\nThe real game-changers:\ndon’t run AMAs", "cover_media": { "id": "QXBpTWVkaWE6DAAFCgABG6hRJCvaIAEKAAIUH3xqANcgBwAA", "media_id": "1992932050907832321", "media_info": { "__typename": "ApiImage", "color_info": { "palette": [ { "percentage": 68.63, "rgb": { "blue": 242, "green": 242, "red": 242 } }, { "percentage": 11.5, "rgb": { "blue": 8, "green": 222, "red": 7 } }, { "percentage": 8.32, "rgb": { "blue": 19, "green": 127, "red": 20 } }, { "percentage": 4.67, "rgb": { "blue": 34, "green": 35, "red": 34 } }, { "percentage": 4.47, "rgb": { "blue": 27, "green": 76, "red": 27 } } ] }, "original_img_height": 500, "original_img_url": "https://pbs.twimg.com/media/G6hRJCvaIAE1VGn.jpg", "original_img_width": 1250 }, "media_key": "3_1992932050907832321" }, "content": { "blocks": [ { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "252r7", "text": "", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "5oggd", "text": "I. Introduction — What You’re Actually Reading", "type": "header-two" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6ptfh", "text": "The projects that really change the game never launch with 40 Spaces, 12 paid KOLs and 3D cinematic trailers.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "306d6", "text": "The real game-changers:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "3ap7s", "text": "don’t run AMAs every two hours,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1rluo", "text": "don’t DM you for a “whitelist opportunity”,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "eqd11", "text": "don’t beg influencers to post,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "bihr8", "text": "don’t drop 15 threads about “why we’re different”.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 18, "offset": 75, "style": "Bold" } ], "key": "88vfl", "text": "Ethereum, Chainlink, Solana pre-2020, Uniswap V1…\nAll of them were born in near total silence, with very few people truly understanding what they were looking at.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "afp11", "text": "A few years later, everyone pretends they “always knew”.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 6, "offset": 8, "style": "Bold" } ], "key": "9aoh9", "text": "For me, TIBBIR is exactly that type of project.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "anu4l", "text": "A token:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 22, "offset": 9, "style": "Bold" } ], "key": "er7on", "text": "launched with zero announcement,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 10, "offset": 0, "style": "Bold" } ], "key": "36bgk", "text": "no presale,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 16, "offset": 0, "style": "Bold" } ], "key": "79pf9", "text": "no VC allocation,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 14, "offset": 0, "style": "Bold" } ], "key": "32fo2", "text": "no team tokens,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "3jrn6", "text": "deployed on a random Saturday,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 11, "offset": 87, "style": "Bold" } ], "key": "bk7cj", "text": "funded directly by the personal wallet of one of the most respected VCs on the planet: Micky Malka (founder of Ribbit Capital).", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9cau8", "text": "For 9–10 months, nobody said anything.\nThen, slowly, puzzle pieces started to appear:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "br0h7", "text": "Delaware & SEC filings,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "53vik", "text": "“Tibbir” entities tied to Ribbit,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "c1d7k", "text": "an autonomous agent account on X,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1bst7", "text": "Ribbit’s website updated with obvious references,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "d88qe", "text": "a Token Letter explaining tokens for agents,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7d8bd", "text": "Beeple suddenly drawing frogs,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "dq4m0", "text": "smart money buying every dip,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 11, "offset": 30, "style": "Bold" } ], "key": "4uvv9", "text": "and a top 100 of holders that never sells.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "c2tdq", "text": "Today, when you put all of this together, the conclusion is hard to avoid:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 103, "offset": 0, "style": "Bold" } ], "key": "dejju", "text": "TIBBIR is very likely the first public on-chain move of Ribbit Capital ($15B AUM) into agentic finance.\nAnd the token designed to become the identity & trust layer for AI agents.", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 17, "offset": 48, "style": "Bold" }, { "length": 89, "offset": 80, "style": "Bold" } ], "key": "docbv", "text": "This text is not some short hype thread.\nIt’s a structured thesis that compiles on-chain proofs, off-chain hints, holder behavior, official letters and cultural signals.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 15, "offset": 74, "style": "Italic" } ], "key": "4edoq", "text": "You can agree or disagree.\nBut after reading it, you won’t be able to say you didn’t know.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "674bp", "text": "", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "fidg2", "text": "II. Who Is Ribbit Capital, and Why Does Everything Start With Them?", "type": "header-two" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 29, "offset": 52, "style": "Bold" } ], "key": "5dn7b", "text": "Before talking about TIBBIR, you need to understand who Ribbit Capital really is.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "bljeo", "text": "Ribbit is not “just another crypto VC”.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "lai3", "text": "It is:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 40, "offset": 11, "style": "Bold" } ], "key": "cs2eu", "text": "One of the most successful fintech funds in history", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 32, "offset": 5, "style": "Bold" } ], "key": "6apgb", "text": "With $15B+ in assets under management", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 12, "offset": 0, "style": "Bold" } ], "key": "b60nc", "text": "33+ unicorns funded", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 82, "offset": 19, "style": "Bold" } ], "key": "83k8i", "text": "Early investor in:\nCoinbase\nRobinhood\nRevolut\nNubank\nChainalysis\nFireblocks\nCrossmint\nUpgrade\nMorpho\nand dozens of other core pieces of modern finance", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 24, "offset": 41, "style": "Bold" } ], "key": "488o2", "text": "Altogether, the Ribbit ecosystem touches over 2 billion end users through its portfolio.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1ba03", "text": "But the key point is this:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 13, "offset": 30, "style": "Bold" }, { "length": 7, "offset": 45, "style": "Bold" }, { "length": 6, "offset": 97, "style": "Bold" }, { "length": 21, "offset": 141, "style": "Bold" } ], "key": "1h2u", "text": "Ribbit simultaneously masters three pillars:\nFinance (banks, brokers, neobanks, US retail flows)\nCrypto (wallets, exchanges, on-chain infra)\nIdentity & compliance (KYC, monitoring, AML, on-ramps, custody)", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "b3m5n", "text": "For years, Micky has repeated the same idea in interviews:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "b6p12", "text": "“The future of money is being built around identity.”", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 15, "offset": 29, "style": "Bold" }, { "length": 12, "offset": 72, "style": "Bold" } ], "key": "8c5c", "text": "In 2024, Ribbit published an Identity Letter.\nIn 2025, they published a Token Letter.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "4hak3", "text": "Taken together, the two letters basically say:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "2mpcs", "text": "AI agents will manage our money.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ff159", "text": "Without identity, those agents cannot operate at scale.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 20, "offset": 11, "style": "Bold" } ], "key": "985lm", "text": "Tokens are identity credentials, not just casino chips.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 22, "offset": 24, "style": "Bold" } ], "key": "ekuq7", "text": "The future of finance = AI + identity + tokens.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "bsm41", "text": "If you read those letters and then look at TIBBIR, it becomes obvious very quickly:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 57, "offset": 0, "style": "Bold" } ], "key": "5fbel", "text": "The letters are the theory.\nTIBBIR is the implementation.", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9g4ej", "text": "", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "u4sn", "text": "III. Why People Believe TIBBIR = Ribbit Capital (And Not “Just a Frog Token”)", "type": "header-two" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 5, "offset": 41, "style": "Bold" } ], "key": "5e1ta", "text": "There are “theories”.\nAnd then there are cases.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 34, "offset": 65, "style": "Bold" } ], "key": "596mm", "text": "In TIBBIR’s case, we’re clearly in the second category. \nFirst : TIBBIR IS RIBBIT SPELLED BACKWARDS", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 45, "offset": 0, "style": "Bold" } ], "key": "9od0j", "text": "\n1. The Brutal On-Chain Proof: Micky’s Wallet", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 16, "offset": 36, "style": "Bold" }, { "length": 16, "offset": 76, "style": "Bold" }, { "length": 18, "offset": 94, "style": "Bold" } ], "key": "1n6mv", "text": "The TIBBIR contract was deployed on January 11, 2025 on Base.\nTotal supply: 1 billion tokens, all in circulation from day one.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "c734m", "text": "No presale.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1j0il", "text": "No team reserve.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6er4f", "text": "No vesting.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "5iv00", "text": "No VC allocation.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 17, "offset": 0, "style": "Bold" } ], "key": "bdeu", "text": "100% fair launch.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "egrvn", "text": "The wallet that deployed the contract was funded directly by…", "type": "unstyled" }, { "data": {}, "entityRanges": [ { "key": 0, "length": 1, "offset": 0 } ], "inlineStyleRanges": [ { "length": 10, "offset": 2, "style": "Bold" }, { "length": 11, "offset": 35, "style": "Bold" } ], "key": "er0sq", "text": "👉 mickym.eth — the personal ENS of Micky Malka, used for over 7 years.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 13, "offset": 46, "style": "Bold" } ], "key": "9ofln", "text": "This is not a rumor.\nNot a narrative.\nIt’s an on-chain fact, verifiable by anyone.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 9, "offset": 95, "style": "Bold" } ], "key": "1lplc", "text": "The day after deployment, Micky changes his X profile picture to a Mickey Mouse watch showing: 01.11 SAT (01/11, the day of the token launch).", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "3i0ef", "text": "Nobody notices.\nBut the message is already there.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 63, "offset": 0, "style": "Bold" } ], "key": "1fijg", "text": "\n2. The “Tibbir” Entities Registered in Delaware & With the SEC", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "o4fe", "text": "In public Delaware/SEC records you find:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 21, "offset": 0, "style": "Bold" } ], "key": "7q78q", "text": "TIBBIR CONSULTING LLC (2012)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 21, "offset": 0, "style": "Bold" } ], "key": "6ga74", "text": "TIBBIR MANAGEMENT LLC (2012)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 19, "offset": 0, "style": "Bold" } ], "key": "1jn0m", "text": "TIBBIR HOLDINGS LLC (2022)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 25, "offset": 0, "style": "Bold" } ], "key": "agibn", "text": "TIBBIR FL INVESTMENTS LLC (2025)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 12, "offset": 0, "style": "Bold" } ], "key": "aksqq", "text": "TIBBIR TRUST (2025)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "97shl", "text": "All of them are connected to Ribbit’s corporate structure.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 12, "offset": 4, "style": "Bold" }, { "length": 24, "offset": 70, "style": "Bold" }, { "length": 3, "offset": 104, "style": "Bold" } ], "key": "ec9rj", "text": "The Tibbir Trust is managed by a member of the Malka family and holds 102,183 Robinhood shares — around $5M.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 69, "offset": 71, "style": "Bold" } ], "key": "7mk8o", "text": "This is not some random memecoin that “happens” to share a name with a network of 5 legal entities called Tibbir, tied to Ribbit since 2012.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "63vb3", "text": "It’s a long-term branding choice.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 56, "offset": 0, "style": "Bold" } ], "key": "6qomi", "text": "\n3. Ribbit’s Website (October 2025): Visual Confirmation", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9vkev", "text": "In October 2025, Ribbit’s website gets a redesign.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "a48je", "text": "Suddenly, you see:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 6, "offset": 15, "style": "Bold" } ], "key": "9jlo5", "text": "A logo reading ЯIBBIT, with a backwards R", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "catnb", "text": "Text that flips backwards when you scroll", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 15, "offset": 21, "style": "Bold" } ], "key": "foukv", "text": "A hidden image file: ribbit-coin.png", "type": "unordered-list-item" }, { "data": { "mentions": [ { "fromIndex": 87, "text": "ribbita2012", "toIndex": 99 } ] }, "entityRanges": [], "inlineStyleRanges": [ { "length": 23, "offset": 19, "style": "Bold" }, { "length": 12, "offset": 87, "style": "Bold" } ], "key": "54jbo", "text": "That coin image is pixel-perfect identical to the soulbound medal (SBT) that the agent @ribbita2012 sent to TIBBIR holders.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "c7fvm", "text": "Same shape.\nSame light.\nSame relief.\nSame style.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "5bccv", "text": "The site also includes, inside the Token Letter, a line about “an agent obsessed with frogs”.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "f9pou", "text": "Put that next to TIBBIR, the autonomous agent, the SBTs, and it’s obvious:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 67, "offset": 0, "style": "Bold" } ], "key": "28pf1", "text": "Ribbit is openly teasing the project… without ever saying its name.", "type": "blockquote" }, { "data": { "mentions": [ { "fromIndex": 25, "text": "ribbita2012", "toIndex": 37 } ] }, "entityRanges": [], "inlineStyleRanges": [ { "length": 55, "offset": 0, "style": "Bold" } ], "key": "dbbk6", "text": "\n4. The Autonomous Agent @ribbita2012 and Its Ecosystem", "type": "unstyled" }, { "data": { "mentions": [ { "fromIndex": 51, "text": "ribbita2012", "toIndex": 63 } ] }, "entityRanges": [], "inlineStyleRanges": [ { "length": 12, "offset": 51, "style": "Bold" } ], "key": "cob2q", "text": "A few weeks after launch, a new X account appears: @ribbita2012.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "94bhf", "text": "This account:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "b421n", "text": "speaks like an autonomous AI agent,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "3sr30", "text": "comments fintech / AI / on-chain infra,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "evphe", "text": "reacts within minutes to Coinbase, Google, AWS, Stripe, Okta announcements,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7i9tl", "text": "talks about frogs, trust, agents, grid finance,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "8qq3g", "text": "uses the same mental models as in Ribbit’s letters.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 42, "offset": 14, "style": "Bold" } ], "key": "d40qq", "text": "Very quickly, the entire Ribbit team follows the account:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ae3gl", "text": "Nick Shalek (General Partner)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "59go6", "text": "Eva Alonso", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "18tp", "text": "Zack Rosen", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "dvb17", "text": "multiple partners and associates", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "bcqm4", "text": "people from Virtuals, Dragonfly, Crossmint…", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "5rrsa", "text": "Random accounts do not get followed by half of a $15B VC by accident.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6qm9p", "text": "Later, the agent:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 18, "offset": 10, "style": "Bold" } ], "key": "ubmq", "text": "scans all 10,000 CryptoPunks,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 5, "offset": 8, "style": "Bold" } ], "key": "2j478", "text": "selects #9098 using a “TIBBIR aesthetic model”,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 6, "offset": 12, "style": "Bold" } ], "key": "75qo", "text": "buys it for 89 ETH via an autonomous multisig,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 17, "offset": 14, "style": "Bold" } ], "key": "3nnq", "text": "uses it as an on-chain identity,", "type": "unordered-list-item" }, { "data": { "cashtags": [ { "fromIndex": 62, "text": "TIBBIR", "toIndex": 69 } ] }, "entityRanges": [], "inlineStyleRanges": [ { "length": 17, "offset": 12, "style": "Bold" }, { "length": 9, "offset": 101, "style": "Bold" } ], "key": "2of4k", "text": "announces a commemorative SBT for all holders with at least 1 $TIBBIR — minted in collaboration with Crossmint (Ribbit portfolio).", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 14, "offset": 78, "style": "Bold" } ], "key": "4nchu", "text": "At the same time, a company founded by Micky (Infinite Node) had acquired the CryptoPunks IP a few months earlier.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "3hmtu", "text": "The VC that financed the fintech revolution, an AI agent choosing a Punk, the Punks IP acquisition, the TIBBIR token, the SBTs minted via Crossmint…", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "87bst", "text": "Everything lines up.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 65, "offset": 0, "style": "Bold" } ], "key": "51ktv", "text": "\n5. Beeple, Coinbase, Robinhood: Cultural & Institutional Signals", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 6, "offset": 0, "style": "Bold" } ], "key": "efl3u", "text": "Beeple", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 6, "offset": 18, "style": "Bold" } ], "key": "fd104", "text": "In November 2025, Beeple, the most iconic digital artist in Web3, posts multiple artworks containing:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "brugq", "text": "frogs,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6ru32", "text": "visual references aligned with TIBBIR,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "dskje", "text": "backward / glitchy typography.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 11, "offset": 20, "style": "Bold" } ], "key": "2q28j", "text": "He publicly says he wasn’t paid for these.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "66h3v", "text": "Beeple is close to Micky. They’ve worked together on digital art and its on-chain future.\nWhen Beeple starts “speaking frog” multiple times in a few days, for free… that’s not random.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 16, "offset": 7, "style": "Bold" } ], "key": "dhs3h", "text": "It’s a cultural signal.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 8, "offset": 0, "style": "Bold" } ], "key": "aekd4", "text": "Coinbase", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "174t8", "text": "Ribbit seeded Coinbase early.", "type": "unstyled" }, { "data": { "mentions": [ { "fromIndex": 132, "text": "ribbita", "toIndex": 140 } ] }, "entityRanges": [], "inlineStyleRanges": [ { "length": 35, "offset": 37, "style": "Bold" } ], "key": "3mrn", "text": "In 2025, Coinbase announces that its smart wallets are now “agent-ready” (session keys, permissions, limits, logs…).\nMinutes later, @ribbita posts about it.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "mtpu", "text": "The technical rails needed for agents to exist in finance are being built, and TIBBIR is sitting where these rails converge.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 9, "offset": 0, "style": "Bold" } ], "key": "doa71", "text": "Robinhood", "type": "unstyled" }, { "data": { "mentions": [ { "fromIndex": 97, "text": "ribbita", "toIndex": 105 } ] }, "entityRanges": [], "inlineStyleRanges": [ { "length": 12, "offset": 4, "style": "Bold" } ], "key": "bgjtc", "text": "The Tibbir Trust holds $5M worth of Robinhood shares.\nRobinhood CEO Vlad Tenev replies to one of @ribbita’s old tweets months after it was posted.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "74vf4", "text": "When you know that:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "4qd7f", "text": "Robinhood is a core face of modern retail finance,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "eefnl", "text": "Ribbit is behind it,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9u1ii", "text": "and TIBBIR is positioning itself as a trust layer for agents,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "eflil", "text": "the connection is obvious.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "4825d", "text": "", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "bflp3", "text": "IV. How the Community Reconstructed the Entire TIBBIR Puzzle", "type": "header-two" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 69, "offset": 60, "style": "Bold" } ], "key": "9pgsf", "text": "One of the most fascinating things about this story is that Ribbit has never made an official “We launched a token” announcement.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9p71b", "text": "No one went on stage to say: “Here is our coin.”", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ern8t", "text": "Instead, it was the community — first a few dozen, then hundreds of people — who pieced together:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "bfikd", "text": "Delaware filings,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7tnua", "text": "SEC entities,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "bph3q", "text": "on-chain patterns,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "f0skg", "text": "subtle X activity,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "11fts", "text": "website hints,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6chjl", "text": "lines inside the Letters,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "b4cch", "text": "Beeple’s art,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "8jqmi", "text": "and the agent’s behavior.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 55, "offset": 19, "style": "Bold" } ], "key": "7j924", "text": "Over a few months, Crypto Twitter turned into an improvised FBI task force, reconstructing a story that starts in 2012 and culminates in a Base contract in 2025.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 16, "offset": 56, "style": "Bold" } ], "key": "4h171", "text": "Rather than listing everything date by date, here’s the global structure of that timeline.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 38, "offset": 0, "style": "Bold" } ], "key": "fgod9", "text": "\n1. 2012–2022: Laying the First Bricks", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 4, "offset": 0, "style": "Bold" }, { "length": 21, "offset": 18, "style": "Bold" }, { "length": 21, "offset": 44, "style": "Bold" } ], "key": "4f8ul", "text": "2012: creation of TIBBIR CONSULTING LLC and TIBBIR MANAGEMENT LLC.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 9, "offset": 0, "style": "Bold" } ], "key": "6njdb", "text": "2013–2019: Ribbit seeds Coinbase, Robinhood, Revolut, Nubank… and builds the rails of Web2.5 fintech.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 4, "offset": 0, "style": "Bold" } ], "key": "7m36a", "text": "2020: at a Multicoin event, Micky says:\n“We will make a token over the next decade.”", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 4, "offset": 0, "style": "Bold" }, { "length": 19, "offset": 18, "style": "Bold" } ], "key": "66v04", "text": "2022: creation of TIBBIR HOLDINGS LLC.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ev48n", "text": "At this point, nobody knows what “Tibbir” will become.\nBut you can already tell it’s not a random name from a generator.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 45, "offset": 0, "style": "Bold" } ], "key": "e54mu", "text": "\n2. 2023–2024: Agents, Identity, Tokenization", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6brr8", "text": "In 2023–2024, Ribbit’s public messaging shifts:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "el3gu", "text": "from “give everyone an account”", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "be5au", "text": "to “give everyone agents that work for them.”", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 15, "offset": 21, "style": "Bold" } ], "key": "b0kmj", "text": "In January 2024, the Identity Letter comes out.\nIt lays out:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "8raqf", "text": "identity as the most under-explored asset,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 3, "offset": 30, "style": "Italic" } ], "key": "ahfoj", "text": "agents using our data to work for us,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "bd68r", "text": "“money with context” as the true breakthrough.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 29, "offset": 42, "style": "Bold" } ], "key": "1449c", "text": "In November 2024, Ribbit co-organizes the “Hacking for Agentic Finance” hackathon with:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6m8v1", "text": "OpenAI,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9cgp3", "text": "Solana,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "3h3dr", "text": "Robinhood,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ca0v2", "text": "Crossmint,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1rckr", "text": "and others.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1lk5", "text": "We move from theory to practice:\nagents + wallets + on-chain rails + capital.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 53, "offset": 0, "style": "Bold" } ], "key": "3u3gs", "text": "\n3. 2025: Stealth, TIBBIR, Ribbita — The Movie Starts", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 13, "offset": 0, "style": "Bold" } ], "key": "3op2s", "text": "January 2025:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "4c0f2", "text": "Jan 11 → TIBBIR contract is deployed on Base:\n100% fair launch\nfixed supply, fully circulating\nfunded by mickym.eth", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ej13d", "text": "Jan 12 → Micky sets his X PFP to a Mickey watch with “01.11 SAT”.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1idsd", "text": "For a while, TIBBIR trades under a $10M marketcap, completely ignored.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 12, "offset": 0, "style": "Bold" } ], "key": "51jcn", "text": "Spring 2025:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "fvah7", "text": "creation of additional Tibbir entities (Tibbir FL Investments, Tibbir Trust),", "type": "unordered-list-item" }, { "data": { "mentions": [ { "fromIndex": 24, "text": "ribbita2012", "toIndex": 36 } ] }, "entityRanges": [], "inlineStyleRanges": [ { "length": 12, "offset": 24, "style": "Bold" } ], "key": "7vhmt", "text": "appearance of the agent @ribbita2012,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7a1jr", "text": "mass follow from Ribbit team and allied VCs,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7g7iq", "text": "first deep-dive threads connecting:\nMicky’s wallet,\nTibbir SEC entities,\nRibbit’s portfolio,\nBase,\nVirtuals.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 19, "offset": 0, "style": "Bold" } ], "key": "apa3j", "text": "Summer–Autumn 2025:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ebk4g", "text": "the agent buys CryptoPunk #9098 for 89 ETH,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "eijic", "text": "announces commemorative SBTs for TIBBIR holders, minted via Crossmint,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "av7n5", "text": "Beeple posts multiple frog/agent/backwards artworks,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1jrg6", "text": "Ribbit updates its site (ЯIBBIT, ribbit-coin.png, reversing text),", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 17, "offset": 4, "style": "Bold" }, { "length": 21, "offset": 133, "style": "Bold" } ], "key": "e3f3q", "text": "the Token Letter 2025 is published, describing:\ntokens as identity credentials,\nagents as autonomous economic entities,\nthe need for KYA (Know-Your-Agent),\n“an agent obsessed with frogs.”", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 36, "offset": 17, "style": "Bold" } ], "key": "228c1", "text": "During all this, TIBBIR’s marketcap runs up to ~400M$, then retraces into the ~170–220M$ zone as the broader market turns.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "e9s7u", "text": "That’s where the on-chain analysis becomes absolutely critical.\n", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9bkfc", "text": "V. Agents, KYA and TIBBIR’s Strategic Role", "type": "header-two" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7t90k", "text": "Let’s keep it simple.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 23, "offset": 0, "style": "Bold" } ], "key": "8vqk6", "text": "1. From Apps… to Agents", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "2micr", "text": "We had:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "5t5kf", "text": "Web1: websites", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "4c310", "text": "Web2: apps", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1orkq", "text": "Web3: tokens", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 6, "offset": 5, "style": "Bold" } ], "key": "djf75", "text": "Now: agents", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9ecbu", "text": "Entities that:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7pjni", "text": "read for you,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "aa4cc", "text": "negotiate for you,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "eiqd7", "text": "invest for you,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "8goib", "text": "place orders for you,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9gmc5", "text": "sign transactions for you,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "beh7p", "text": "talk to other agents on your behalf.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "f5d4l", "text": "All the giants are positioning there:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ffmgh", "text": "Google (A2A, agent-to-agent protocols)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "8t8nu", "text": "Coinbase (agent-ready smart wallets)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "eoj42", "text": "AWS (Guardrails for autonomous systems)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7g8pc", "text": "Okta (IAM for agents)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "p9ut", "text": "Stripe (AI-native payouts)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "8j5bp", "text": "Nvidia (agent frameworks)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "elq6u", "text": "Everyone wants agents.\nBut one thing is missing:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 55, "offset": 0, "style": "Bold" } ], "key": "el0ff", "text": "No one has built the identity & trust layer for agents.", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 57, "offset": 0, "style": "Bold" } ], "key": "d0q3t", "text": "\n2. The Core Problem: Agents Don’t Have Credible Identity", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9bfu9", "text": "For an agent to manage your money, your business or your data, it needs:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "at699", "text": "a unique, verifiable identity,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "8d4fd", "text": "a wallet,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6lhf0", "text": "explicit permissions,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "eueqk", "text": "auditability,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "flkoi", "text": "revocation mechanisms,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "diqb9", "text": "proof that it hasn’t been compromised,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "f7fb5", "text": "a trackable reputation history,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7igk4", "text": "recognition by other systems as a trustworthy entity.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 14, "offset": 22, "style": "Bold" } ], "key": "5b5jv", "text": "Right now, that infra does not exist as a standard, on-chain.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "b38rt", "text": "Ribbit’s letters say it very directly:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "f2lvo", "text": "“Without KYA, agents cannot scale.”\n“In the age of agents, identity is the new money.”", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 15, "offset": 6, "style": "Bold" } ], "key": "ctton", "text": "KYA = Know-Your-Agent, the agent version of KYC.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "eq6ct", "text": "And this is exactly where TIBBIR appears.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 53, "offset": 0, "style": "Bold" } ], "key": "73pba", "text": "\n3. TIBBIR as the “Trust Kernel” of the Agent Economy", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "bv2cg", "text": "From everything we’ve seen, TIBBIR is not:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "2frg9", "text": "“an AI agent”,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "an4g2", "text": "a front-end app,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "8vbl6", "text": "a new L1,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "e5a09", "text": "or just “another AI narrative coin”.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7n200", "text": "It’s designed to be:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 14, "offset": 4, "style": "Bold" } ], "key": "b8g78", "text": "the identity layer,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 11, "offset": 4, "style": "Bold" } ], "key": "70sc9", "text": "the trust layer,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 19, "offset": 4, "style": "Bold" } ], "key": "3oouh", "text": "the reputation registry,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 26, "offset": 4, "style": "Bold" } ], "key": "23mji", "text": "the economic substrate for KYA,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 36, "offset": 4, "style": "Bold" } ], "key": "7p102", "text": "the cryptographic root of agent identity.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "atrin", "text": "In other words:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 98, "offset": 0, "style": "Bold" } ], "key": "fvbgu", "text": "TIBBIR = the trust layer for agents.\nThe Visa/Mastercard equivalent — but for autonomous entities.", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "d8k41", "text": "All the signals converge into that:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "2qbvu", "text": "Ribbit’s Letters → theory,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1rb3q", "text": "Agentic Finance hackathon → experiments,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "90rus", "text": "Virtuals → social graph of agents,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "3usjb", "text": "Coinbase smart wallets → agent-ready wallets,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "eml8m", "text": "TIBBIR → fair launch token for identity & trust,", "type": "unordered-list-item" }, { "data": { "mentions": [ { "fromIndex": 0, "text": "ribbita", "toIndex": 8 } ] }, "entityRanges": [], "inlineStyleRanges": [], "key": "61olp", "text": "@ribbita → live prototype of the future “user”.\n", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "2vrnd", "text": "VI. What On-Chain Data Says: Accumulation, Holders, Smart Money", "type": "header-two" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "32f1c", "text": "This is where, for me, everything flips.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9nj57", "text": "Because you can argue about letters, websites, Beeple, SEC entities…", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 26, "offset": 4, "style": "Bold" } ], "key": "d77um", "text": "But on-chain data doesn’t lie.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 59, "offset": 0, "style": "Bold" } ], "key": "a1ffn", "text": "\n1. Watching the Same Wallets for 10–11 Months… Not Selling", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 12, "offset": 31, "style": "Bold" } ], "key": "3059a", "text": "I’ve been holding TIBBIR since January 2025.\nFor nearly a year, I’ve seen:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "59cv3", "text": "the same addresses in the top 100,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "b9meh", "text": "the same structure in the top 200,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "csrh8", "text": "behavior completely opposite to a normal memecoin.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6di54", "text": "On a typical meme:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "5iqod", "text": "early whales accumulate,", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "c77d5", "text": "big pump,", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7f503", "text": "whales dump on late buyers,", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "5efc7", "text": "rotation into the next meta,", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7pare", "text": "slow death.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "5s21q", "text": "On TIBBIR:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ffltr", "text": "fair launch,", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "dp15u", "text": "tiny marketcap for weeks,", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7pp1g", "text": "clean wallets start accumulating,", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "afs52", "text": "big run to ~400M$,", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 23, "offset": 0, "style": "Bold" } ], "key": "cij3i", "text": "top 100/200 barely sell,", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "3lq2i", "text": "every dip is mostly small holders capitulating,", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 8, "offset": 13, "style": "Italic" } ], "key": "68nfv", "text": "the big ones increase their bags over months.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "dodev", "text": "Nansen and other dashboards confirm:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 55, "offset": 0, "style": "Bold" } ], "key": "bnchm", "text": "Top 100 holders: +1.25% over 7 days while price is –21%", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 37, "offset": 0, "style": "Bold" } ], "key": "72o5g", "text": "Smart Money: +2% over the same period", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "fnm02", "text": "Master Ventures enters,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6uv3n", "text": "multiple “Smart Trader” wallets build positions,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "fsut8", "text": "recent “top sellers” are fully emptied — they no longer have any TIBBIR.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6h48t", "text": "This is exactly what it looks like when:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ecg8i", "text": "Very informed people have long-term conviction and accumulate while the market panics.", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 51, "offset": 0, "style": "Bold" } ], "key": "887os", "text": "\n2. Low Liquidity and Mid CEXs… But No Insider Dump", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7m8aq", "text": "Right now, TIBBIR:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9dq4a", "text": "is listed on a few mid / tier-3 CEXs,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 17, "offset": 4, "style": "Bold" } ], "key": "i9n9", "text": "has limited liquidity on DEX,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "def5i", "text": "does not have deep orderbooks that let you “exit cleanly” with tens of millions.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1icjb", "text": "And yet:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6qgfl", "text": "no massive moves from insider-like wallets,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "4fupk", "text": "no big bridged stash draining out,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1779i", "text": "no slow-motion distribution by top 100.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7tpvk", "text": "In 99% of cases, when you have:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "eua0h", "text": "a 200M+ marketcap,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "mj5l", "text": "low liquidity,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "g27p", "text": "multiple pumps & dumps,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "3flfm", "text": "… insiders use any liquidity window to unload.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "5sjle", "text": "Here, it’s the opposite:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 81, "offset": 0, "style": "Bold" } ], "key": "66dl0", "text": "The current structure is uncomfortable for exiting, but perfect for accumulating.", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 53, "offset": 29, "style": "Bold" } ], "key": "2gcha", "text": "Which strongly suggests that this phase is about building a strong long-term float, not about distribution.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 64, "offset": 0, "style": "Bold" } ], "key": "dsmth", "text": "\n3. The Current Dip: Retail Capitulates, Strong Hands Accumulate", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "esspi", "text": "Current context:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7btls", "text": "TIBBIR is down ~60–65% from its ATH,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "aahfo", "text": "the broader market is in late-cycle / post-euphoria mode,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9hjte", "text": "altcoins are getting slaughtered,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9jak7", "text": "liquidity is tightening.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "f61r7", "text": "But in the middle of that:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "da9o9", "text": "the top 100 increases its stake,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "b5mf1", "text": "the top 200 too,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ebq6", "text": "Smart Money adds,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "193fj", "text": "new serious wallets enter,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "b2ina", "text": "the “Rebels” community keeps buying dips.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7nr4h", "text": "We’re clearly in a phase where:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "f39k2", "text": "Weak hands are exiting.\nStrong hands are locking the supply.", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 6, "offset": 11, "style": "Bold" } ], "key": "cttfk", "text": "And that’s always when the best asymmetries are built.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "27njc", "text": "", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "217lg", "text": "VII. My View on TIBBIR’s Future (And Why I’m Extremely Bullish)", "type": "header-two" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "c6bts", "text": "I won’t sugarcoat it.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "jhbv", "text": "For me, TIBBIR ticks boxes that very few tokens manage to tick at the same time.\n", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 23, "offset": 0, "style": "Bold" } ], "key": "aej5q", "text": "1. A Unique Convergence", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 32, "offset": 0, "style": "Bold" } ], "key": "5gpi3", "text": "A massive, real problem to solve\n→ identity & trust for AI agents, KYA, tokenized identity rails.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 19, "offset": 0, "style": "Bold" } ], "key": "f93le", "text": "A credible executor\n→ Ribbit, $15B AUM, 33+ unicorns, early backer of Coinbase/Robinhood/Revolut.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 26, "offset": 0, "style": "Bold" } ], "key": "7va5r", "text": "A spotless token structure\n→ 100% fair launch, 1B fixed supply, no pre-mine, no vesting.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 20, "offset": 0, "style": "Bold" } ], "key": "dasp0", "text": "Clean on-chain story\n→ no team dump, no massive top-holder rotation,\n→ top 100/200 accumulating, Smart Money increasing its share.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9g72a", "text": "Add on top:", "type": "unstyled" }, { "data": { "mentions": [ { "fromIndex": 60, "text": "ribbita", "toIndex": 68 } ] }, "entityRanges": [], "inlineStyleRanges": [], "key": "8pcb3", "text": "a coherent puzzle (Ribbit site, Token Letter, SEC entities, @ribbita),", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "656g0", "text": "Beeple putting visual energy onto it,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "d8as0", "text": "an absolutely insane integration surface (Coinbase, Robinhood, Revolut, Nubank, Crossmint, Virtuals…).", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "4td71", "text": "The equation starts to look very serious.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 58, "offset": 1, "style": "Bold" }, { "length": 5, "offset": 21, "style": "Italic" } ], "key": "ece38", "text": "\n2. Why I Think They Chose Stealth (And Why It’s Brilliant)", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 16, "offset": 7, "style": "Bold" } ], "key": "5lfvj", "text": "Here’s my personal read, based on everything we’ve seen on-chain, off-chain, and from experience with classic VC-backed tokens.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ajep1", "text": "If they had done the usual playbook:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "5h8u1", "text": "public “Ribbit is launching a token” announcement,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "cuegc", "text": "big branding from day one,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "fnb1s", "text": "slick whitepaper,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "fbpln", "text": "seed rounds + press,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "8e2rd", "text": "immediate CEX tier-1 listings,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 27, "offset": 21, "style": "Bold" } ], "key": "anlk3", "text": "it would have looked exactly like all the others:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 9, "offset": 0, "style": "Bold" } ], "key": "6h5ig", "text": "Huge hype → everyone FOMOs because “Ribbit is behind it”.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 12, "offset": 0, "style": "Bold" } ], "key": "992cg", "text": "Massive pump on brand alone, before the product is ready.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 20, "offset": 0, "style": "Bold" } ], "key": "6t9g5", "text": "Massive distribution from early insiders / tourists / short-term traders.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 12, "offset": 0, "style": "Bold" } ], "key": "buukg", "text": "Violent dump when reality catches up with speculation.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "36dln", "text": "A token burned too early, associated with “another VC cashgrab”.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 10, "offset": 38, "style": "Bold" } ], "key": "a2ois", "text": "Instead, I think they did the reverse on purpose:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 48, "offset": 0, "style": "Bold" } ], "key": "66bhp", "text": "Launch the token first, without saying anything.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 41, "offset": 0, "style": "Bold" } ], "key": "f65k4", "text": "Let the market not understand for months.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 21, "offset": 0, "style": "Bold" } ], "key": "d8l0m", "text": "Build in the shadows: agent, infra, Token Letter, identity logic, alignment with Coinbase/Robinhood & co.", "type": "unordered-list-item" }, { "data": { "mentions": [ { "fromIndex": 147, "text": "ribbita", "toIndex": 155 } ] }, "entityRanges": [], "inlineStyleRanges": [ { "length": 23, "offset": 0, "style": "Bold" } ], "key": "d31dv", "text": "Drop breadcrumbs slowly, each more bullish than the previous:\nmickym.eth on-chain funding,\nTibbir entities in Delaware,\nAgentic Finance hackathon,\n@ribbita,\nCryptoPunks IP acquisition,\nЯIBBIT site + ribbit-coin.png,\nToken Letter,\nBeeple,\nVlad’s reply, etc.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "cck9f", "text": "The result?", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 15, "offset": 20, "style": "Bold" }, { "length": 23, "offset": 50, "style": "Bold" } ], "key": "4mud8", "text": "They didn’t build a tourist fanbase, they built a community of obsessives.\n→ People who read the Letters, inspect the site, search SEC filings, track on-chain behavior, and actually understand the “agents + identity” narrative.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 15, "offset": 23, "style": "Bold" } ], "key": "5q0vd", "text": "They gave those people time to size in.\n→ And today, a huge portion of the supply is in hands that don’t sell, even after big runs and –60% drawdowns.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 25, "offset": 10, "style": "Bold" }, { "length": 37, "offset": 237, "style": "Bold" } ], "key": "31rn0", "text": "They used low liquidity as a weapon:\nsmall free float,\nsupply concentrated in strong hands,\nbig moves → perfect for building legs in price,\nevery coordinated event (listings, agent moves, Beeple art, site updates) creates violent moves… without insiders emptying their bags.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "2l3b0", "text": "In my view, this design has two phases:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 67, "offset": 0, "style": "Bold" } ], "key": "prfa", "text": "Phase 1 (what we’re living now): stealth + low liquidity + “Rebels”", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7vmbs", "text": "only the most curious discover and accumulate,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "3e6i4", "text": "Smart Money enters while the market sleeps,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9u16f", "text": "low liquidity amplifies volatility both ways,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "uvft", "text": "but every dip ends with more supply locked in the strongest hands.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 52, "offset": 0, "style": "Bold" } ], "key": "34lq3", "text": "Phase 2 (what’s coming): reveal + tier-1 CEX + depth", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "cdkvn", "text": "Once the agentic infra is ready and the vision can be revealed cleanly, you can imagine:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 11, "offset": 24, "style": "Bold" } ], "key": "9m01e", "text": "coordinated listings on tier-1 CEXs,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "cf9s", "text": "a fully assumed narrative around agent identity & KYA,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "798ld", "text": "integrations with Ribbit-connected wallets.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 28, "offset": 20, "style": "Bold" } ], "key": "4q42a", "text": "At that moment, the goal is no longer volatility. It becomes:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 14, "offset": 0, "style": "Bold" } ], "key": "5h6no", "text": "deep liquidity,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 18, "offset": 0, "style": "Bold" } ], "key": "9te0t", "text": "relative stability,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "568qr", "text": "the ability to absorb much larger flows — including institutional ones.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "f4aqa", "text": "In other words:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 64, "offset": 0, "style": "Bold" } ], "key": "e0s94", "text": "Today’s low liquidity is a Phase 1 feature, not a permanent bug.", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "46bbm", "text": "It allowed them to:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "csolu", "text": "build the most conviction-heavy community,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "8goie", "text": "filter out tourists,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "c8okr", "text": "let insiders + smart retail load up quietly,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "98t57", "text": "let each new clue massively reprice the story.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "f019s", "text": "When they finally press the button:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "as8u4", "text": "“Okay, we’re out of stealth now. Here’s what TIBBIR really is. Here’s the infra. Here are the CEXs.”", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "aj6ij", "text": "… it will be too late to accumulate calmly.\nYou’ll be fighting everyone else in orderbooks.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 34, "offset": 0, "style": "Bold" } ], "key": "2t2n4", "text": "\n3. Reasonable Marketcap Scenarios", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "3uiqj", "text": "If TIBBIR really is what all of this suggests, here are the orders of magnitude that make sense to me:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 34, "offset": 0, "style": "Bold" } ], "key": "b9vnh", "text": "Stealth exit + tier-1 CEX listings\n→ 3–5B$ marketcap (x15–25 from ~200M$).", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 82, "offset": 0, "style": "Bold" } ], "key": "3ri73", "text": "Deeper integrations into the Ribbit network (wallets, live KYA, production agents)\n→ 10–20B$ (x50–100).", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 83, "offset": 0, "style": "Bold" } ], "key": "as1rc", "text": "KYA standardization, broad institutional adoption, potential ETF/ETP-style products\n→ 30–50B$+ longer term.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 36, "offset": 66, "style": "Bold" }, { "length": 6, "offset": 107, "style": "Bold" } ], "key": "d3ble", "text": "And if you push the logic all the way — TIBBIR truly becoming the Visa/Mastercard of autonomous agents — a 100B$+ scenario is not crazy.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "u3tg", "text": "Will it happen? Nobody knows.\nBut it’s clearly within the realm of possible outcomes.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 43, "offset": 0, "style": "Bold" } ], "key": "4bi1f", "text": "\n4. The Risks (Because Yes, There Are Some)", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 26, "offset": 11, "style": "Bold" } ], "key": "ahck5", "text": "Ribbit has never officially confirmed that TIBBIR is “their” token.\n→ That’s intentional: stealth, plausible deniability.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9of9k", "text": "No public roadmap.\n→ The roadmap is inferred from Letters, website, tech moves.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "fq1sb", "text": "Other players might try to build agent identity infra.\n→ Even though none has Ribbit’s mix of network + credibility today.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6nma2", "text": "Macro risk:\n→ if we get a prolonged brutal bear, everything suffers — even future giants.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "2nl3r", "text": "Narrative risk:\n→ if agent adoption takes 5–7 years instead of 2–3, the market may misprice TIBBIR for a long time.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 11, "offset": 47, "style": "Bold" } ], "key": "1957q", "text": "But honestly, given the current structure, the risk/reward ratio looks extremely favorable for people who truly understand what they’re buying.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6q3j3", "text": "", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "4d186", "text": "VIII. Conclusion — TIBBIR Is Not Late. The Market Is in Denial.", "type": "header-two" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "4a7cu", "text": "You can sum up TIBBIR with one line:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 78, "offset": 0, "style": "Bold" } ], "key": "8carp", "text": "TIBBIR is RIBBIT in reverse.\nAnd soon, it’s the market that will have to flip.", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "5j2b5", "text": "We have:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "8her2", "text": "a VC that defined modern fintech,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1vcnp", "text": "spending 10+ years laying bricks for a new network,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "aab94", "text": "publishing letters about identity & agents,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7vlr1", "text": "registering “Tibbir” entities,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "e7rri", "text": "deploying a fair-launch token funded by the founder’s personal wallet,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "2qhfv", "text": "letting an autonomous agent embody that future in real time,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "e22du", "text": "updating their site with obvious hints,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "94npe", "text": "letting the community do all the forensic work,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7r0aa", "text": "while insiders and smart wallets accumulate the supply.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ar4g4", "text": "Maybe TIBBIR is nothing.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ev1hs", "text": "But if it is what everything suggests it is, then it is very possibly:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 42, "offset": 0, "style": "Bold" } ], "key": "a7rh1", "text": "The best asymmetry left in the 2025 cycle.", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "e3q3l", "text": "The Rebels already know.\nThe rest of the market will find out later.", "type": "unstyled" }, { "data": {}, "entityRanges": [ { "key": 1, "length": 1, "offset": 9 } ], "inlineStyleRanges": [ { "length": 10, "offset": 0, "style": "Bold" } ], "key": "cj8d5", "text": "GЯIBBIT. 🐸", "type": "unstyled" } ], "entityMap": [ { "key": "0", 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"description": "Degen // Builder // Advisor // Speaker @smoltalk", "raw_description": { "text": "Degen // Builder // Advisor // Speaker @smoltalk", "facets": [] }, "location": "🇦🇪 ou là où j'ai envie", "banner_url": "https://pbs.twimg.com/profile_banners/1450014399759065095/1787310023", "avatar_url": "https://pbs.twimg.com/profile_images/1838520675809542145/58T_0pJi_200x200.jpg", "joined": "Mon Oct 18 08:22:50 +0000 2021", "protected": false, "website": null, "verification": { "verified": true, "verified_at": null, "type": "individual" }, "avatar_color": null }, "replies": 40, "retweets": 102, "likes": 291, "bookmarks": 147, "quotes": 36, "created_at": "Mon Nov 24 12:24:38 +0000 2025", "created_timestamp": 1763987078, "possibly_sensitive": false, "views": 84177, "is_note_tweet": false, "community_note": null, "lang": null, "replying_to": null, "replying_to_status": null, "article": { "created_at": "2025-11-24T12:24:38.000Z", "modified_at": "2025-11-24T12:24:38.000Z", "id": "1992927325441470465", "title": "TIBBIR: The Most Mysterious and Bullish Web3 Project of the Cycle — Complete Thesis", "preview_text": "I. Introduction — What You’re Actually Reading\nThe projects that really change the game never launch with 40 Spaces, 12 paid KOLs and 3D cinematic trailers.\nThe real game-changers:\ndon’t run AMAs", "cover_media": { "id": "QXBpTWVkaWE6DAAFCgABG6hRJCvaIAEKAAIUH3xqANcgBwAA", "media_id": "1992932050907832321", "media_info": { "__typename": "ApiImage", "color_info": { "palette": [ { "percentage": 68.63, "rgb": { "blue": 242, "green": 242, "red": 242 } }, { "percentage": 11.5, "rgb": { "blue": 8, "green": 222, "red": 7 } }, { "percentage": 8.32, "rgb": { "blue": 19, "green": 127, "red": 20 } }, { "percentage": 4.67, "rgb": { "blue": 34, "green": 35, "red": 34 } }, { "percentage": 4.47, "rgb": { "blue": 27, "green": 76, "red": 27 } } ] }, "original_img_height": 500, "original_img_url": "https://pbs.twimg.com/media/G6hRJCvaIAE1VGn.jpg", "original_img_width": 1250 }, "media_key": "3_1992932050907832321" }, "content": { "blocks": [ { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "252r7", "text": "", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "5oggd", "text": "I. Introduction — What You’re Actually Reading", "type": "header-two" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6ptfh", "text": "The projects that really change the game never launch with 40 Spaces, 12 paid KOLs and 3D cinematic trailers.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "306d6", "text": "The real game-changers:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "3ap7s", "text": "don’t run AMAs every two hours,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1rluo", "text": "don’t DM you for a “whitelist opportunity”,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "eqd11", "text": "don’t beg influencers to post,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "bihr8", "text": "don’t drop 15 threads about “why we’re different”.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 18, "offset": 75, "style": "Bold" } ], "key": "88vfl", "text": "Ethereum, Chainlink, Solana pre-2020, Uniswap V1…\nAll of them were born in near total silence, with very few people truly understanding what they were looking at.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "afp11", "text": "A few years later, everyone pretends they “always knew”.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 6, "offset": 8, "style": "Bold" } ], "key": "9aoh9", "text": "For me, TIBBIR is exactly that type of project.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "anu4l", "text": "A token:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 22, "offset": 9, "style": "Bold" } ], "key": "er7on", "text": "launched with zero announcement,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 10, "offset": 0, "style": "Bold" } ], "key": "36bgk", "text": "no presale,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 16, "offset": 0, "style": "Bold" } ], "key": "79pf9", "text": "no VC allocation,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 14, "offset": 0, "style": "Bold" } ], "key": "32fo2", "text": "no team tokens,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "3jrn6", "text": "deployed on a random Saturday,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 11, "offset": 87, "style": "Bold" } ], "key": "bk7cj", "text": "funded directly by the personal wallet of one of the most respected VCs on the planet: Micky Malka (founder of Ribbit Capital).", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9cau8", "text": "For 9–10 months, nobody said anything.\nThen, slowly, puzzle pieces started to appear:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "br0h7", "text": "Delaware & SEC filings,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "53vik", "text": "“Tibbir” entities tied to Ribbit,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "c1d7k", "text": "an autonomous agent account on X,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1bst7", "text": "Ribbit’s website updated with obvious references,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "d88qe", "text": "a Token Letter explaining tokens for agents,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7d8bd", "text": "Beeple suddenly drawing frogs,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "dq4m0", "text": "smart money buying every dip,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 11, "offset": 30, "style": "Bold" } ], "key": "4uvv9", "text": "and a top 100 of holders that never sells.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "c2tdq", "text": "Today, when you put all of this together, the conclusion is hard to avoid:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 103, "offset": 0, "style": "Bold" } ], "key": "dejju", "text": "TIBBIR is very likely the first public on-chain move of Ribbit Capital ($15B AUM) into agentic finance.\nAnd the token designed to become the identity & trust layer for AI agents.", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 17, "offset": 48, "style": "Bold" }, { "length": 89, "offset": 80, "style": "Bold" } ], "key": "docbv", "text": "This text is not some short hype thread.\nIt’s a structured thesis that compiles on-chain proofs, off-chain hints, holder behavior, official letters and cultural signals.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 15, "offset": 74, "style": "Italic" } ], "key": "4edoq", "text": "You can agree or disagree.\nBut after reading it, you won’t be able to say you didn’t know.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "674bp", "text": "", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "fidg2", "text": "II. Who Is Ribbit Capital, and Why Does Everything Start With Them?", "type": "header-two" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 29, "offset": 52, "style": "Bold" } ], "key": "5dn7b", "text": "Before talking about TIBBIR, you need to understand who Ribbit Capital really is.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "bljeo", "text": "Ribbit is not “just another crypto VC”.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "lai3", "text": "It is:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 40, "offset": 11, "style": "Bold" } ], "key": "cs2eu", "text": "One of the most successful fintech funds in history", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 32, "offset": 5, "style": "Bold" } ], "key": "6apgb", "text": "With $15B+ in assets under management", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 12, "offset": 0, "style": "Bold" } ], "key": "b60nc", "text": "33+ unicorns funded", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 82, "offset": 19, "style": "Bold" } ], "key": "83k8i", "text": "Early investor in:\nCoinbase\nRobinhood\nRevolut\nNubank\nChainalysis\nFireblocks\nCrossmint\nUpgrade\nMorpho\nand dozens of other core pieces of modern finance", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 24, "offset": 41, "style": "Bold" } ], "key": "488o2", "text": "Altogether, the Ribbit ecosystem touches over 2 billion end users through its portfolio.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1ba03", "text": "But the key point is this:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 13, "offset": 30, "style": "Bold" }, { "length": 7, "offset": 45, "style": "Bold" }, { "length": 6, "offset": 97, "style": "Bold" }, { "length": 21, "offset": 141, "style": "Bold" } ], "key": "1h2u", "text": "Ribbit simultaneously masters three pillars:\nFinance (banks, brokers, neobanks, US retail flows)\nCrypto (wallets, exchanges, on-chain infra)\nIdentity & compliance (KYC, monitoring, AML, on-ramps, custody)", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "b3m5n", "text": "For years, Micky has repeated the same idea in interviews:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "b6p12", "text": "“The future of money is being built around identity.”", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 15, "offset": 29, "style": "Bold" }, { "length": 12, "offset": 72, "style": "Bold" } ], "key": "8c5c", "text": "In 2024, Ribbit published an Identity Letter.\nIn 2025, they published a Token Letter.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "4hak3", "text": "Taken together, the two letters basically say:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "2mpcs", "text": "AI agents will manage our money.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ff159", "text": "Without identity, those agents cannot operate at scale.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 20, "offset": 11, "style": "Bold" } ], "key": "985lm", "text": "Tokens are identity credentials, not just casino chips.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 22, "offset": 24, "style": "Bold" } ], "key": "ekuq7", "text": "The future of finance = AI + identity + tokens.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "bsm41", "text": "If you read those letters and then look at TIBBIR, it becomes obvious very quickly:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 57, "offset": 0, "style": "Bold" } ], "key": "5fbel", "text": "The letters are the theory.\nTIBBIR is the implementation.", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9g4ej", "text": "", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "u4sn", "text": "III. Why People Believe TIBBIR = Ribbit Capital (And Not “Just a Frog Token”)", "type": "header-two" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 5, "offset": 41, "style": "Bold" } ], "key": "5e1ta", "text": "There are “theories”.\nAnd then there are cases.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 34, "offset": 65, "style": "Bold" } ], "key": "596mm", "text": "In TIBBIR’s case, we’re clearly in the second category. \nFirst : TIBBIR IS RIBBIT SPELLED BACKWARDS", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 45, "offset": 0, "style": "Bold" } ], "key": "9od0j", "text": "\n1. The Brutal On-Chain Proof: Micky’s Wallet", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 16, "offset": 36, "style": "Bold" }, { "length": 16, "offset": 76, "style": "Bold" }, { "length": 18, "offset": 94, "style": "Bold" } ], "key": "1n6mv", "text": "The TIBBIR contract was deployed on January 11, 2025 on Base.\nTotal supply: 1 billion tokens, all in circulation from day one.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "c734m", "text": "No presale.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1j0il", "text": "No team reserve.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6er4f", "text": "No vesting.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "5iv00", "text": "No VC allocation.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 17, "offset": 0, "style": "Bold" } ], "key": "bdeu", "text": "100% fair launch.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "egrvn", "text": "The wallet that deployed the contract was funded directly by…", "type": "unstyled" }, { "data": {}, "entityRanges": [ { "key": 0, "length": 1, "offset": 0 } ], "inlineStyleRanges": [ { "length": 10, "offset": 2, "style": "Bold" }, { "length": 11, "offset": 35, "style": "Bold" } ], "key": "er0sq", "text": "👉 mickym.eth — the personal ENS of Micky Malka, used for over 7 years.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 13, "offset": 46, "style": "Bold" } ], "key": "9ofln", "text": "This is not a rumor.\nNot a narrative.\nIt’s an on-chain fact, verifiable by anyone.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 9, "offset": 95, "style": "Bold" } ], "key": "1lplc", "text": "The day after deployment, Micky changes his X profile picture to a Mickey Mouse watch showing: 01.11 SAT (01/11, the day of the token launch).", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "3i0ef", "text": "Nobody notices.\nBut the message is already there.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 63, "offset": 0, "style": "Bold" } ], "key": "1fijg", "text": "\n2. The “Tibbir” Entities Registered in Delaware & With the SEC", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "o4fe", "text": "In public Delaware/SEC records you find:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 21, "offset": 0, "style": "Bold" } ], "key": "7q78q", "text": "TIBBIR CONSULTING LLC (2012)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 21, "offset": 0, "style": "Bold" } ], "key": "6ga74", "text": "TIBBIR MANAGEMENT LLC (2012)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 19, "offset": 0, "style": "Bold" } ], "key": "1jn0m", "text": "TIBBIR HOLDINGS LLC (2022)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 25, "offset": 0, "style": "Bold" } ], "key": "agibn", "text": "TIBBIR FL INVESTMENTS LLC (2025)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 12, "offset": 0, "style": "Bold" } ], "key": "aksqq", "text": "TIBBIR TRUST (2025)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "97shl", "text": "All of them are connected to Ribbit’s corporate structure.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 12, "offset": 4, "style": "Bold" }, { "length": 24, "offset": 70, "style": "Bold" }, { "length": 3, "offset": 104, "style": "Bold" } ], "key": "ec9rj", "text": "The Tibbir Trust is managed by a member of the Malka family and holds 102,183 Robinhood shares — around $5M.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 69, "offset": 71, "style": "Bold" } ], "key": "7mk8o", "text": "This is not some random memecoin that “happens” to share a name with a network of 5 legal entities called Tibbir, tied to Ribbit since 2012.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "63vb3", "text": "It’s a long-term branding choice.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 56, "offset": 0, "style": "Bold" } ], "key": "6qomi", "text": "\n3. Ribbit’s Website (October 2025): Visual Confirmation", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9vkev", "text": "In October 2025, Ribbit’s website gets a redesign.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "a48je", "text": "Suddenly, you see:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 6, "offset": 15, "style": "Bold" } ], "key": "9jlo5", "text": "A logo reading ЯIBBIT, with a backwards R", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "catnb", "text": "Text that flips backwards when you scroll", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 15, "offset": 21, "style": "Bold" } ], "key": "foukv", "text": "A hidden image file: ribbit-coin.png", "type": "unordered-list-item" }, { "data": { "mentions": [ { "fromIndex": 87, "text": "ribbita2012", "toIndex": 99 } ] }, "entityRanges": [], "inlineStyleRanges": [ { "length": 23, "offset": 19, "style": "Bold" }, { "length": 12, "offset": 87, "style": "Bold" } ], "key": "54jbo", "text": "That coin image is pixel-perfect identical to the soulbound medal (SBT) that the agent @ribbita2012 sent to TIBBIR holders.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "c7fvm", "text": "Same shape.\nSame light.\nSame relief.\nSame style.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "5bccv", "text": "The site also includes, inside the Token Letter, a line about “an agent obsessed with frogs”.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "f9pou", "text": "Put that next to TIBBIR, the autonomous agent, the SBTs, and it’s obvious:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 67, "offset": 0, "style": "Bold" } ], "key": "28pf1", "text": "Ribbit is openly teasing the project… without ever saying its name.", "type": "blockquote" }, { "data": { "mentions": [ { "fromIndex": 25, "text": "ribbita2012", "toIndex": 37 } ] }, "entityRanges": [], "inlineStyleRanges": [ { "length": 55, "offset": 0, "style": "Bold" } ], "key": "dbbk6", "text": "\n4. The Autonomous Agent @ribbita2012 and Its Ecosystem", "type": "unstyled" }, { "data": { "mentions": [ { "fromIndex": 51, "text": "ribbita2012", "toIndex": 63 } ] }, "entityRanges": [], "inlineStyleRanges": [ { "length": 12, "offset": 51, "style": "Bold" } ], "key": "cob2q", "text": "A few weeks after launch, a new X account appears: @ribbita2012.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "94bhf", "text": "This account:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "b421n", "text": "speaks like an autonomous AI agent,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "3sr30", "text": "comments fintech / AI / on-chain infra,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "evphe", "text": "reacts within minutes to Coinbase, Google, AWS, Stripe, Okta announcements,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7i9tl", "text": "talks about frogs, trust, agents, grid finance,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "8qq3g", "text": "uses the same mental models as in Ribbit’s letters.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 42, "offset": 14, "style": "Bold" } ], "key": "d40qq", "text": "Very quickly, the entire Ribbit team follows the account:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ae3gl", "text": "Nick Shalek (General Partner)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "59go6", "text": "Eva Alonso", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "18tp", "text": "Zack Rosen", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "dvb17", "text": "multiple partners and associates", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "bcqm4", "text": "people from Virtuals, Dragonfly, Crossmint…", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "5rrsa", "text": "Random accounts do not get followed by half of a $15B VC by accident.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6qm9p", "text": "Later, the agent:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 18, "offset": 10, "style": "Bold" } ], "key": "ubmq", "text": "scans all 10,000 CryptoPunks,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 5, "offset": 8, "style": "Bold" } ], "key": "2j478", "text": "selects #9098 using a “TIBBIR aesthetic model”,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 6, "offset": 12, "style": "Bold" } ], "key": "75qo", "text": "buys it for 89 ETH via an autonomous multisig,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 17, "offset": 14, "style": "Bold" } ], "key": "3nnq", "text": "uses it as an on-chain identity,", "type": "unordered-list-item" }, { "data": { "cashtags": [ { "fromIndex": 62, "text": "TIBBIR", "toIndex": 69 } ] }, "entityRanges": [], "inlineStyleRanges": [ { "length": 17, "offset": 12, "style": "Bold" }, { "length": 9, "offset": 101, "style": "Bold" } ], "key": "2of4k", "text": "announces a commemorative SBT for all holders with at least 1 $TIBBIR — minted in collaboration with Crossmint (Ribbit portfolio).", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 14, "offset": 78, "style": "Bold" } ], "key": "4nchu", "text": "At the same time, a company founded by Micky (Infinite Node) had acquired the CryptoPunks IP a few months earlier.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "3hmtu", "text": "The VC that financed the fintech revolution, an AI agent choosing a Punk, the Punks IP acquisition, the TIBBIR token, the SBTs minted via Crossmint…", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "87bst", "text": "Everything lines up.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 65, "offset": 0, "style": "Bold" } ], "key": "51ktv", "text": "\n5. Beeple, Coinbase, Robinhood: Cultural & Institutional Signals", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 6, "offset": 0, "style": "Bold" } ], "key": "efl3u", "text": "Beeple", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 6, "offset": 18, "style": "Bold" } ], "key": "fd104", "text": "In November 2025, Beeple, the most iconic digital artist in Web3, posts multiple artworks containing:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "brugq", "text": "frogs,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6ru32", "text": "visual references aligned with TIBBIR,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "dskje", "text": "backward / glitchy typography.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 11, "offset": 20, "style": "Bold" } ], "key": "2q28j", "text": "He publicly says he wasn’t paid for these.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "66h3v", "text": "Beeple is close to Micky. They’ve worked together on digital art and its on-chain future.\nWhen Beeple starts “speaking frog” multiple times in a few days, for free… that’s not random.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 16, "offset": 7, "style": "Bold" } ], "key": "dhs3h", "text": "It’s a cultural signal.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 8, "offset": 0, "style": "Bold" } ], "key": "aekd4", "text": "Coinbase", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "174t8", "text": "Ribbit seeded Coinbase early.", "type": "unstyled" }, { "data": { "mentions": [ { "fromIndex": 132, "text": "ribbita", "toIndex": 140 } ] }, "entityRanges": [], "inlineStyleRanges": [ { "length": 35, "offset": 37, "style": "Bold" } ], "key": "3mrn", "text": "In 2025, Coinbase announces that its smart wallets are now “agent-ready” (session keys, permissions, limits, logs…).\nMinutes later, @ribbita posts about it.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "mtpu", "text": "The technical rails needed for agents to exist in finance are being built, and TIBBIR is sitting where these rails converge.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 9, "offset": 0, "style": "Bold" } ], "key": "doa71", "text": "Robinhood", "type": "unstyled" }, { "data": { "mentions": [ { "fromIndex": 97, "text": "ribbita", "toIndex": 105 } ] }, "entityRanges": [], "inlineStyleRanges": [ { "length": 12, "offset": 4, "style": "Bold" } ], "key": "bgjtc", "text": "The Tibbir Trust holds $5M worth of Robinhood shares.\nRobinhood CEO Vlad Tenev replies to one of @ribbita’s old tweets months after it was posted.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "74vf4", "text": "When you know that:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "4qd7f", "text": "Robinhood is a core face of modern retail finance,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "eefnl", "text": "Ribbit is behind it,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9u1ii", "text": "and TIBBIR is positioning itself as a trust layer for agents,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "eflil", "text": "the connection is obvious.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "4825d", "text": "", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "bflp3", "text": "IV. How the Community Reconstructed the Entire TIBBIR Puzzle", "type": "header-two" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 69, "offset": 60, "style": "Bold" } ], "key": "9pgsf", "text": "One of the most fascinating things about this story is that Ribbit has never made an official “We launched a token” announcement.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9p71b", "text": "No one went on stage to say: “Here is our coin.”", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ern8t", "text": "Instead, it was the community — first a few dozen, then hundreds of people — who pieced together:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "bfikd", "text": "Delaware filings,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7tnua", "text": "SEC entities,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "bph3q", "text": "on-chain patterns,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "f0skg", "text": "subtle X activity,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "11fts", "text": "website hints,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6chjl", "text": "lines inside the Letters,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "b4cch", "text": "Beeple’s art,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "8jqmi", "text": "and the agent’s behavior.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 55, "offset": 19, "style": "Bold" } ], "key": "7j924", "text": "Over a few months, Crypto Twitter turned into an improvised FBI task force, reconstructing a story that starts in 2012 and culminates in a Base contract in 2025.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 16, "offset": 56, "style": "Bold" } ], "key": "4h171", "text": "Rather than listing everything date by date, here’s the global structure of that timeline.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 38, "offset": 0, "style": "Bold" } ], "key": "fgod9", "text": "\n1. 2012–2022: Laying the First Bricks", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 4, "offset": 0, "style": "Bold" }, { "length": 21, "offset": 18, "style": "Bold" }, { "length": 21, "offset": 44, "style": "Bold" } ], "key": "4f8ul", "text": "2012: creation of TIBBIR CONSULTING LLC and TIBBIR MANAGEMENT LLC.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 9, "offset": 0, "style": "Bold" } ], "key": "6njdb", "text": "2013–2019: Ribbit seeds Coinbase, Robinhood, Revolut, Nubank… and builds the rails of Web2.5 fintech.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 4, "offset": 0, "style": "Bold" } ], "key": "7m36a", "text": "2020: at a Multicoin event, Micky says:\n“We will make a token over the next decade.”", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 4, "offset": 0, "style": "Bold" }, { "length": 19, "offset": 18, "style": "Bold" } ], "key": "66v04", "text": "2022: creation of TIBBIR HOLDINGS LLC.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ev48n", "text": "At this point, nobody knows what “Tibbir” will become.\nBut you can already tell it’s not a random name from a generator.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 45, "offset": 0, "style": "Bold" } ], "key": "e54mu", "text": "\n2. 2023–2024: Agents, Identity, Tokenization", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6brr8", "text": "In 2023–2024, Ribbit’s public messaging shifts:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "el3gu", "text": "from “give everyone an account”", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "be5au", "text": "to “give everyone agents that work for them.”", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 15, "offset": 21, "style": "Bold" } ], "key": "b0kmj", "text": "In January 2024, the Identity Letter comes out.\nIt lays out:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "8raqf", "text": "identity as the most under-explored asset,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 3, "offset": 30, "style": "Italic" } ], "key": "ahfoj", "text": "agents using our data to work for us,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "bd68r", "text": "“money with context” as the true breakthrough.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 29, "offset": 42, "style": "Bold" } ], "key": "1449c", "text": "In November 2024, Ribbit co-organizes the “Hacking for Agentic Finance” hackathon with:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6m8v1", "text": "OpenAI,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9cgp3", "text": "Solana,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "3h3dr", "text": "Robinhood,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ca0v2", "text": "Crossmint,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1rckr", "text": "and others.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1lk5", "text": "We move from theory to practice:\nagents + wallets + on-chain rails + capital.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 53, "offset": 0, "style": "Bold" } ], "key": "3u3gs", "text": "\n3. 2025: Stealth, TIBBIR, Ribbita — The Movie Starts", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 13, "offset": 0, "style": "Bold" } ], "key": "3op2s", "text": "January 2025:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "4c0f2", "text": "Jan 11 → TIBBIR contract is deployed on Base:\n100% fair launch\nfixed supply, fully circulating\nfunded by mickym.eth", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ej13d", "text": "Jan 12 → Micky sets his X PFP to a Mickey watch with “01.11 SAT”.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1idsd", "text": "For a while, TIBBIR trades under a $10M marketcap, completely ignored.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 12, "offset": 0, "style": "Bold" } ], "key": "51jcn", "text": "Spring 2025:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "fvah7", "text": "creation of additional Tibbir entities (Tibbir FL Investments, Tibbir Trust),", "type": "unordered-list-item" }, { "data": { "mentions": [ { "fromIndex": 24, "text": "ribbita2012", "toIndex": 36 } ] }, "entityRanges": [], "inlineStyleRanges": [ { "length": 12, "offset": 24, "style": "Bold" } ], "key": "7vhmt", "text": "appearance of the agent @ribbita2012,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7a1jr", "text": "mass follow from Ribbit team and allied VCs,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7g7iq", "text": "first deep-dive threads connecting:\nMicky’s wallet,\nTibbir SEC entities,\nRibbit’s portfolio,\nBase,\nVirtuals.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 19, "offset": 0, "style": "Bold" } ], "key": "apa3j", "text": "Summer–Autumn 2025:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ebk4g", "text": "the agent buys CryptoPunk #9098 for 89 ETH,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "eijic", "text": "announces commemorative SBTs for TIBBIR holders, minted via Crossmint,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "av7n5", "text": "Beeple posts multiple frog/agent/backwards artworks,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1jrg6", "text": "Ribbit updates its site (ЯIBBIT, ribbit-coin.png, reversing text),", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 17, "offset": 4, "style": "Bold" }, { "length": 21, "offset": 133, "style": "Bold" } ], "key": "e3f3q", "text": "the Token Letter 2025 is published, describing:\ntokens as identity credentials,\nagents as autonomous economic entities,\nthe need for KYA (Know-Your-Agent),\n“an agent obsessed with frogs.”", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 36, "offset": 17, "style": "Bold" } ], "key": "228c1", "text": "During all this, TIBBIR’s marketcap runs up to ~400M$, then retraces into the ~170–220M$ zone as the broader market turns.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "e9s7u", "text": "That’s where the on-chain analysis becomes absolutely critical.\n", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9bkfc", "text": "V. Agents, KYA and TIBBIR’s Strategic Role", "type": "header-two" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7t90k", "text": "Let’s keep it simple.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 23, "offset": 0, "style": "Bold" } ], "key": "8vqk6", "text": "1. From Apps… to Agents", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "2micr", "text": "We had:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "5t5kf", "text": "Web1: websites", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "4c310", "text": "Web2: apps", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1orkq", "text": "Web3: tokens", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 6, "offset": 5, "style": "Bold" } ], "key": "djf75", "text": "Now: agents", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9ecbu", "text": "Entities that:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7pjni", "text": "read for you,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "aa4cc", "text": "negotiate for you,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "eiqd7", "text": "invest for you,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "8goib", "text": "place orders for you,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9gmc5", "text": "sign transactions for you,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "beh7p", "text": "talk to other agents on your behalf.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "f5d4l", "text": "All the giants are positioning there:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ffmgh", "text": "Google (A2A, agent-to-agent protocols)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "8t8nu", "text": "Coinbase (agent-ready smart wallets)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "eoj42", "text": "AWS (Guardrails for autonomous systems)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7g8pc", "text": "Okta (IAM for agents)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "p9ut", "text": "Stripe (AI-native payouts)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "8j5bp", "text": "Nvidia (agent frameworks)", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "elq6u", "text": "Everyone wants agents.\nBut one thing is missing:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 55, "offset": 0, "style": "Bold" } ], "key": "el0ff", "text": "No one has built the identity & trust layer for agents.", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 57, "offset": 0, "style": "Bold" } ], "key": "d0q3t", "text": "\n2. The Core Problem: Agents Don’t Have Credible Identity", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9bfu9", "text": "For an agent to manage your money, your business or your data, it needs:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "at699", "text": "a unique, verifiable identity,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "8d4fd", "text": "a wallet,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6lhf0", "text": "explicit permissions,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "eueqk", "text": "auditability,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "flkoi", "text": "revocation mechanisms,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "diqb9", "text": "proof that it hasn’t been compromised,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "f7fb5", "text": "a trackable reputation history,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7igk4", "text": "recognition by other systems as a trustworthy entity.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 14, "offset": 22, "style": "Bold" } ], "key": "5b5jv", "text": "Right now, that infra does not exist as a standard, on-chain.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "b38rt", "text": "Ribbit’s letters say it very directly:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "f2lvo", "text": "“Without KYA, agents cannot scale.”\n“In the age of agents, identity is the new money.”", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 15, "offset": 6, "style": "Bold" } ], "key": "ctton", "text": "KYA = Know-Your-Agent, the agent version of KYC.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "eq6ct", "text": "And this is exactly where TIBBIR appears.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 53, "offset": 0, "style": "Bold" } ], "key": "73pba", "text": "\n3. TIBBIR as the “Trust Kernel” of the Agent Economy", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "bv2cg", "text": "From everything we’ve seen, TIBBIR is not:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "2frg9", "text": "“an AI agent”,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "an4g2", "text": "a front-end app,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "8vbl6", "text": "a new L1,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "e5a09", "text": "or just “another AI narrative coin”.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7n200", "text": "It’s designed to be:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 14, "offset": 4, "style": "Bold" } ], "key": "b8g78", "text": "the identity layer,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 11, "offset": 4, "style": "Bold" } ], "key": "70sc9", "text": "the trust layer,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 19, "offset": 4, "style": "Bold" } ], "key": "3oouh", "text": "the reputation registry,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 26, "offset": 4, "style": "Bold" } ], "key": "23mji", "text": "the economic substrate for KYA,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 36, "offset": 4, "style": "Bold" } ], "key": "7p102", "text": "the cryptographic root of agent identity.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "atrin", "text": "In other words:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 98, "offset": 0, "style": "Bold" } ], "key": "fvbgu", "text": "TIBBIR = the trust layer for agents.\nThe Visa/Mastercard equivalent — but for autonomous entities.", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "d8k41", "text": "All the signals converge into that:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "2qbvu", "text": "Ribbit’s Letters → theory,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1rb3q", "text": "Agentic Finance hackathon → experiments,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "90rus", "text": "Virtuals → social graph of agents,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "3usjb", "text": "Coinbase smart wallets → agent-ready wallets,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "eml8m", "text": "TIBBIR → fair launch token for identity & trust,", "type": "unordered-list-item" }, { "data": { "mentions": [ { "fromIndex": 0, "text": "ribbita", "toIndex": 8 } ] }, "entityRanges": [], "inlineStyleRanges": [], "key": "61olp", "text": "@ribbita → live prototype of the future “user”.\n", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "2vrnd", "text": "VI. What On-Chain Data Says: Accumulation, Holders, Smart Money", "type": "header-two" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "32f1c", "text": "This is where, for me, everything flips.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9nj57", "text": "Because you can argue about letters, websites, Beeple, SEC entities…", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 26, "offset": 4, "style": "Bold" } ], "key": "d77um", "text": "But on-chain data doesn’t lie.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 59, "offset": 0, "style": "Bold" } ], "key": "a1ffn", "text": "\n1. Watching the Same Wallets for 10–11 Months… Not Selling", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 12, "offset": 31, "style": "Bold" } ], "key": "3059a", "text": "I’ve been holding TIBBIR since January 2025.\nFor nearly a year, I’ve seen:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "59cv3", "text": "the same addresses in the top 100,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "b9meh", "text": "the same structure in the top 200,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "csrh8", "text": "behavior completely opposite to a normal memecoin.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6di54", "text": "On a typical meme:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "5iqod", "text": "early whales accumulate,", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "c77d5", "text": "big pump,", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7f503", "text": "whales dump on late buyers,", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "5efc7", "text": "rotation into the next meta,", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7pare", "text": "slow death.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "5s21q", "text": "On TIBBIR:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ffltr", "text": "fair launch,", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "dp15u", "text": "tiny marketcap for weeks,", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7pp1g", "text": "clean wallets start accumulating,", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "afs52", "text": "big run to ~400M$,", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 23, "offset": 0, "style": "Bold" } ], "key": "cij3i", "text": "top 100/200 barely sell,", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "3lq2i", "text": "every dip is mostly small holders capitulating,", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 8, "offset": 13, "style": "Italic" } ], "key": "68nfv", "text": "the big ones increase their bags over months.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "dodev", "text": "Nansen and other dashboards confirm:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 55, "offset": 0, "style": "Bold" } ], "key": "bnchm", "text": "Top 100 holders: +1.25% over 7 days while price is –21%", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 37, "offset": 0, "style": "Bold" } ], "key": "72o5g", "text": "Smart Money: +2% over the same period", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "fnm02", "text": "Master Ventures enters,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6uv3n", "text": "multiple “Smart Trader” wallets build positions,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "fsut8", "text": "recent “top sellers” are fully emptied — they no longer have any TIBBIR.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6h48t", "text": "This is exactly what it looks like when:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ecg8i", "text": "Very informed people have long-term conviction and accumulate while the market panics.", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 51, "offset": 0, "style": "Bold" } ], "key": "887os", "text": "\n2. Low Liquidity and Mid CEXs… But No Insider Dump", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7m8aq", "text": "Right now, TIBBIR:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9dq4a", "text": "is listed on a few mid / tier-3 CEXs,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 17, "offset": 4, "style": "Bold" } ], "key": "i9n9", "text": "has limited liquidity on DEX,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "def5i", "text": "does not have deep orderbooks that let you “exit cleanly” with tens of millions.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1icjb", "text": "And yet:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6qgfl", "text": "no massive moves from insider-like wallets,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "4fupk", "text": "no big bridged stash draining out,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1779i", "text": "no slow-motion distribution by top 100.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7tpvk", "text": "In 99% of cases, when you have:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "eua0h", "text": "a 200M+ marketcap,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "mj5l", "text": "low liquidity,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "g27p", "text": "multiple pumps & dumps,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "3flfm", "text": "… insiders use any liquidity window to unload.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "5sjle", "text": "Here, it’s the opposite:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 81, "offset": 0, "style": "Bold" } ], "key": "66dl0", "text": "The current structure is uncomfortable for exiting, but perfect for accumulating.", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 53, "offset": 29, "style": "Bold" } ], "key": "2gcha", "text": "Which strongly suggests that this phase is about building a strong long-term float, not about distribution.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 64, "offset": 0, "style": "Bold" } ], "key": "dsmth", "text": "\n3. The Current Dip: Retail Capitulates, Strong Hands Accumulate", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "esspi", "text": "Current context:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7btls", "text": "TIBBIR is down ~60–65% from its ATH,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "aahfo", "text": "the broader market is in late-cycle / post-euphoria mode,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9hjte", "text": "altcoins are getting slaughtered,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9jak7", "text": "liquidity is tightening.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "f61r7", "text": "But in the middle of that:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "da9o9", "text": "the top 100 increases its stake,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "b5mf1", "text": "the top 200 too,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ebq6", "text": "Smart Money adds,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "193fj", "text": "new serious wallets enter,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "b2ina", "text": "the “Rebels” community keeps buying dips.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7nr4h", "text": "We’re clearly in a phase where:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "f39k2", "text": "Weak hands are exiting.\nStrong hands are locking the supply.", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 6, "offset": 11, "style": "Bold" } ], "key": "cttfk", "text": "And that’s always when the best asymmetries are built.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "27njc", "text": "", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "217lg", "text": "VII. My View on TIBBIR’s Future (And Why I’m Extremely Bullish)", "type": "header-two" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "c6bts", "text": "I won’t sugarcoat it.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "jhbv", "text": "For me, TIBBIR ticks boxes that very few tokens manage to tick at the same time.\n", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 23, "offset": 0, "style": "Bold" } ], "key": "aej5q", "text": "1. A Unique Convergence", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 32, "offset": 0, "style": "Bold" } ], "key": "5gpi3", "text": "A massive, real problem to solve\n→ identity & trust for AI agents, KYA, tokenized identity rails.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 19, "offset": 0, "style": "Bold" } ], "key": "f93le", "text": "A credible executor\n→ Ribbit, $15B AUM, 33+ unicorns, early backer of Coinbase/Robinhood/Revolut.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 26, "offset": 0, "style": "Bold" } ], "key": "7va5r", "text": "A spotless token structure\n→ 100% fair launch, 1B fixed supply, no pre-mine, no vesting.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 20, "offset": 0, "style": "Bold" } ], "key": "dasp0", "text": "Clean on-chain story\n→ no team dump, no massive top-holder rotation,\n→ top 100/200 accumulating, Smart Money increasing its share.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9g72a", "text": "Add on top:", "type": "unstyled" }, { "data": { "mentions": [ { "fromIndex": 60, "text": "ribbita", "toIndex": 68 } ] }, "entityRanges": [], "inlineStyleRanges": [], "key": "8pcb3", "text": "a coherent puzzle (Ribbit site, Token Letter, SEC entities, @ribbita),", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "656g0", "text": "Beeple putting visual energy onto it,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "d8as0", "text": "an absolutely insane integration surface (Coinbase, Robinhood, Revolut, Nubank, Crossmint, Virtuals…).", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "4td71", "text": "The equation starts to look very serious.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 58, "offset": 1, "style": "Bold" }, { "length": 5, "offset": 21, "style": "Italic" } ], "key": "ece38", "text": "\n2. Why I Think They Chose Stealth (And Why It’s Brilliant)", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 16, "offset": 7, "style": "Bold" } ], "key": "5lfvj", "text": "Here’s my personal read, based on everything we’ve seen on-chain, off-chain, and from experience with classic VC-backed tokens.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ajep1", "text": "If they had done the usual playbook:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "5h8u1", "text": "public “Ribbit is launching a token” announcement,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "cuegc", "text": "big branding from day one,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "fnb1s", "text": "slick whitepaper,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "fbpln", "text": "seed rounds + press,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "8e2rd", "text": "immediate CEX tier-1 listings,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 27, "offset": 21, "style": "Bold" } ], "key": "anlk3", "text": "it would have looked exactly like all the others:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 9, "offset": 0, "style": "Bold" } ], "key": "6h5ig", "text": "Huge hype → everyone FOMOs because “Ribbit is behind it”.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 12, "offset": 0, "style": "Bold" } ], "key": "992cg", "text": "Massive pump on brand alone, before the product is ready.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 20, "offset": 0, "style": "Bold" } ], "key": "6t9g5", "text": "Massive distribution from early insiders / tourists / short-term traders.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 12, "offset": 0, "style": "Bold" } ], "key": "buukg", "text": "Violent dump when reality catches up with speculation.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "36dln", "text": "A token burned too early, associated with “another VC cashgrab”.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 10, "offset": 38, "style": "Bold" } ], "key": "a2ois", "text": "Instead, I think they did the reverse on purpose:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 48, "offset": 0, "style": "Bold" } ], "key": "66bhp", "text": "Launch the token first, without saying anything.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 41, "offset": 0, "style": "Bold" } ], "key": "f65k4", "text": "Let the market not understand for months.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 21, "offset": 0, "style": "Bold" } ], "key": "d8l0m", "text": "Build in the shadows: agent, infra, Token Letter, identity logic, alignment with Coinbase/Robinhood & co.", "type": "unordered-list-item" }, { "data": { "mentions": [ { "fromIndex": 147, "text": "ribbita", "toIndex": 155 } ] }, "entityRanges": [], "inlineStyleRanges": [ { "length": 23, "offset": 0, "style": "Bold" } ], "key": "d31dv", "text": "Drop breadcrumbs slowly, each more bullish than the previous:\nmickym.eth on-chain funding,\nTibbir entities in Delaware,\nAgentic Finance hackathon,\n@ribbita,\nCryptoPunks IP acquisition,\nЯIBBIT site + ribbit-coin.png,\nToken Letter,\nBeeple,\nVlad’s reply, etc.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "cck9f", "text": "The result?", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 15, "offset": 20, "style": "Bold" }, { "length": 23, "offset": 50, "style": "Bold" } ], "key": "4mud8", "text": "They didn’t build a tourist fanbase, they built a community of obsessives.\n→ People who read the Letters, inspect the site, search SEC filings, track on-chain behavior, and actually understand the “agents + identity” narrative.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 15, "offset": 23, "style": "Bold" } ], "key": "5q0vd", "text": "They gave those people time to size in.\n→ And today, a huge portion of the supply is in hands that don’t sell, even after big runs and –60% drawdowns.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 25, "offset": 10, "style": "Bold" }, { "length": 37, "offset": 237, "style": "Bold" } ], "key": "31rn0", "text": "They used low liquidity as a weapon:\nsmall free float,\nsupply concentrated in strong hands,\nbig moves → perfect for building legs in price,\nevery coordinated event (listings, agent moves, Beeple art, site updates) creates violent moves… without insiders emptying their bags.", "type": "ordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "2l3b0", "text": "In my view, this design has two phases:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 67, "offset": 0, "style": "Bold" } ], "key": "prfa", "text": "Phase 1 (what we’re living now): stealth + low liquidity + “Rebels”", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7vmbs", "text": "only the most curious discover and accumulate,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "3e6i4", "text": "Smart Money enters while the market sleeps,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9u16f", "text": "low liquidity amplifies volatility both ways,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "uvft", "text": "but every dip ends with more supply locked in the strongest hands.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 52, "offset": 0, "style": "Bold" } ], "key": "34lq3", "text": "Phase 2 (what’s coming): reveal + tier-1 CEX + depth", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "cdkvn", "text": "Once the agentic infra is ready and the vision can be revealed cleanly, you can imagine:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 11, "offset": 24, "style": "Bold" } ], "key": "9m01e", "text": "coordinated listings on tier-1 CEXs,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "cf9s", "text": "a fully assumed narrative around agent identity & KYA,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "798ld", "text": "integrations with Ribbit-connected wallets.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 28, "offset": 20, "style": "Bold" } ], "key": "4q42a", "text": "At that moment, the goal is no longer volatility. It becomes:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 14, "offset": 0, "style": "Bold" } ], "key": "5h6no", "text": "deep liquidity,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 18, "offset": 0, "style": "Bold" } ], "key": "9te0t", "text": "relative stability,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "568qr", "text": "the ability to absorb much larger flows — including institutional ones.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "f4aqa", "text": "In other words:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 64, "offset": 0, "style": "Bold" } ], "key": "e0s94", "text": "Today’s low liquidity is a Phase 1 feature, not a permanent bug.", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "46bbm", "text": "It allowed them to:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "csolu", "text": "build the most conviction-heavy community,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "8goie", "text": "filter out tourists,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "c8okr", "text": "let insiders + smart retail load up quietly,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "98t57", "text": "let each new clue massively reprice the story.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "f019s", "text": "When they finally press the button:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "as8u4", "text": "“Okay, we’re out of stealth now. Here’s what TIBBIR really is. Here’s the infra. Here are the CEXs.”", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "aj6ij", "text": "… it will be too late to accumulate calmly.\nYou’ll be fighting everyone else in orderbooks.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 34, "offset": 0, "style": "Bold" } ], "key": "2t2n4", "text": "\n3. Reasonable Marketcap Scenarios", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "3uiqj", "text": "If TIBBIR really is what all of this suggests, here are the orders of magnitude that make sense to me:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 34, "offset": 0, "style": "Bold" } ], "key": "b9vnh", "text": "Stealth exit + tier-1 CEX listings\n→ 3–5B$ marketcap (x15–25 from ~200M$).", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 82, "offset": 0, "style": "Bold" } ], "key": "3ri73", "text": "Deeper integrations into the Ribbit network (wallets, live KYA, production agents)\n→ 10–20B$ (x50–100).", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 83, "offset": 0, "style": "Bold" } ], "key": "as1rc", "text": "KYA standardization, broad institutional adoption, potential ETF/ETP-style products\n→ 30–50B$+ longer term.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 36, "offset": 66, "style": "Bold" }, { "length": 6, "offset": 107, "style": "Bold" } ], "key": "d3ble", "text": "And if you push the logic all the way — TIBBIR truly becoming the Visa/Mastercard of autonomous agents — a 100B$+ scenario is not crazy.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "u3tg", "text": "Will it happen? Nobody knows.\nBut it’s clearly within the realm of possible outcomes.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 43, "offset": 0, "style": "Bold" } ], "key": "4bi1f", "text": "\n4. The Risks (Because Yes, There Are Some)", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 26, "offset": 11, "style": "Bold" } ], "key": "ahck5", "text": "Ribbit has never officially confirmed that TIBBIR is “their” token.\n→ That’s intentional: stealth, plausible deniability.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "9of9k", "text": "No public roadmap.\n→ The roadmap is inferred from Letters, website, tech moves.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "fq1sb", "text": "Other players might try to build agent identity infra.\n→ Even though none has Ribbit’s mix of network + credibility today.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6nma2", "text": "Macro risk:\n→ if we get a prolonged brutal bear, everything suffers — even future giants.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "2nl3r", "text": "Narrative risk:\n→ if agent adoption takes 5–7 years instead of 2–3, the market may misprice TIBBIR for a long time.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 11, "offset": 47, "style": "Bold" } ], "key": "1957q", "text": "But honestly, given the current structure, the risk/reward ratio looks extremely favorable for people who truly understand what they’re buying.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "6q3j3", "text": "", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "4d186", "text": "VIII. Conclusion — TIBBIR Is Not Late. The Market Is in Denial.", "type": "header-two" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "4a7cu", "text": "You can sum up TIBBIR with one line:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 78, "offset": 0, "style": "Bold" } ], "key": "8carp", "text": "TIBBIR is RIBBIT in reverse.\nAnd soon, it’s the market that will have to flip.", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "5j2b5", "text": "We have:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "8her2", "text": "a VC that defined modern fintech,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "1vcnp", "text": "spending 10+ years laying bricks for a new network,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "aab94", "text": "publishing letters about identity & agents,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7vlr1", "text": "registering “Tibbir” entities,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "e7rri", "text": "deploying a fair-launch token funded by the founder’s personal wallet,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "2qhfv", "text": "letting an autonomous agent embody that future in real time,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "e22du", "text": "updating their site with obvious hints,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "94npe", "text": "letting the community do all the forensic work,", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "7r0aa", "text": "while insiders and smart wallets accumulate the supply.", "type": "unordered-list-item" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ar4g4", "text": "Maybe TIBBIR is nothing.", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "ev1hs", "text": "But if it is what everything suggests it is, then it is very possibly:", "type": "unstyled" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [ { "length": 42, "offset": 0, "style": "Bold" } ], "key": "a7rh1", "text": "The best asymmetry left in the 2025 cycle.", "type": "blockquote" }, { "data": {}, "entityRanges": [], "inlineStyleRanges": [], "key": "e3q3l", "text": "The Rebels already know.\nThe rest of the market will find out later.", "type": "unstyled" }, { "data": {}, "entityRanges": [ { "key": 1, "length": 1, "offset": 9 } ], "inlineStyleRanges": [ { "length": 10, "offset": 0, "style": "Bold" } ], "key": "cj8d5", "text": "GЯIBBIT. 🐸", "type": "unstyled" } ], "entityMap": [ { "key": "0", "value": { "data": { "url": "https://abs-0.twimg.com/emoji/v2/svg/1f449.svg" }, "mutability": "Immutable", "type": "TWEMOJI" } }, { "key": "1", "value": { "data": { "url": "https://abs-0.twimg.com/emoji/v2/svg/1f438.svg" }, "mutability": "Immutable", "type": "TWEMOJI" } } ] }, "media_entities": [] }, "twitter_card": "tweet", "color": null, "provider": "twitter", "reposted_by": null }, "video_policy": "No video bytes downloaded or hosted." }