SlickBacker

4.2K posts

SlickBacker

SlickBacker

@SlickBacker

Inscrit le Nisan 2020
445 Abonnements134 Abonnés
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SlickBacker
SlickBacker@SlickBacker·
$LINK Macro view to cycle top. Targets: ~$180-$240+/ two timing scenarios Scenario 1 (orange): Tops Q1 ‘27. Overall crypto cycle is lengthened, allows upper target range to ~$420. Scenario 2 (yellow): Tops Q1 ‘26. Follows previous cycles, probable targets ~$180-$240.
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SlickBacker
SlickBacker@SlickBacker·
@Fiskantes or, just use chainlink like people have been saying for years.
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fiskantes ⭐️🩸
fiskantes ⭐️🩸@Fiskantes·
So: LayerZero multisig architecture enabled 1/1 multisigs even though this is obviously dumb idea (maybe giving users all this freedom isn't the best primitive?) KelpDAO took liberty to use 1/1 multisig despite knowing this is obviously dumb idea (I mean, what to even conclude here) AAVE took KelpDAOs rsETH as collateral across few L2s - less obvious this is dumb idea as they needed to do a lot of DD (failed to do their DD on KelpDAO) + The whole situation is downstream of modular L2 infrastructure, requiring bridges to work and hold assets (bridges are a single point of failure) I guess there is whole bunch of lessons: 1. Don't give your users freedom to do something dumb 2. Multisigs are insecure, multisigs with 1/1 signatures extremely so - single point of failure 3. DeFi protocols need to reject assets secured by 1/1 multisigs (or multisigs in general) or isolate them to limit contagion 4. Additional safeguards such as circuit breakers (cc. @odysseas_eth ) or similar would help a lot 5. Modular L1-L2 design leads to complexity and increased attack surface It kinda feels like this is a signal to rethink a lot of this stuff from scratch
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SlickBacker
SlickBacker@SlickBacker·
@JackNiewold So I don’t think people got excited this cycle, and throughout it they were already mentally down bad seeing the veil lifted. Now prices are down bad. I think people geniunely don’t know where crypto goes from here. There are only a few protocols are innovating.
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SlickBacker
SlickBacker@SlickBacker·
@JackNiewold I think there were some spots in 18 and 19 that were bad. Only because Eth was so exciting and so were ICOs (until you realized 98% were vapor). Which created a lot of euphoria and therefore depression. This cycle just ripped right into crime and memecoins, with zero innovation.
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Jack Niewold 🫡
Jack Niewold 🫡@JackNiewold·
Was any point 2018/19/20 this bad/dead for CT? Despite crypto being a real thing now it's just disgjustingly grindingly terrible atm
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SlickBacker
SlickBacker@SlickBacker·
@dogoshii @basecase_ this is why the city is ass. bro got ptsd. probably got 100 pstd ticks from just existing in that shit
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dogo was here
dogo was here@dogoshii·
NY is the only place in the world where the second you hit the lane change signal no one lets you in It’s like the beef on sight signal Forces you to be aggressive asf during busy hours to make it
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SlickBacker
SlickBacker@SlickBacker·
@LomahCrypto The longer you're in this space, the more you start to realize that CT OGs don't make any money trading, they launch sophisticated scams. Loomdart coded
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Loma
Loma@LomahCrypto·
The longer you're in this space, the more you start to realize that a large majority of those in power are all in cahoots. You think it's Binance vs ByBit. Then you realize they're all friends and have a magical way of listing the same tokens that pump for days and go -90% in hours. You think Republican vs Democrat, then you realize they're both on Epstein's Island while you argue online about mean words.
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SlickBacker
SlickBacker@SlickBacker·
@AgentChud @buyerofponzi brother that is how most of these dudes get off. flexing every little thing and wearing their lame ass gucci and lord piano shit.
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Ponzi Trader
Ponzi Trader@buyerofponzi·
If you’re not armed to the teeth and traveling with security then self custody is not advised I do both of these things and I still don’t self custody Stay safe stay strapped
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SlickBacker
SlickBacker@SlickBacker·
@hedgedhog7 yep, then you would be looking at a juicy inverse head and shoulders forming.
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hedgedhog
hedgedhog@hedgedhog7·
$btc above 72k so 88888 next
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SlickBacker@SlickBacker·
@Innerdevcrypto obvious inverse head and shoulders forming. We'll see how hard it will be to maintain bearishness when the right shoulder starts forming in the $80ks. good luck.
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SlickBacker
SlickBacker@SlickBacker·
@QwQiao buddy this is the AI top for a while, you are wrong
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qw
qw@QwQiao·
- dario, elon, sundar, satya, etc have all said recently that we r not hitting a wall. this is consistent with my experience as a user - there’s clearly far more demand for intelligence than supply (tsmc being a major bottleneck as they do not want to overbuild) - major ai-related stocks do not look ridiculously overpriced, and in fact some (eg msft) r trading near their lowest price multiples in a decade im now firmly in the no ai bubble camp
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SlickBacker
SlickBacker@SlickBacker·
@gammichan I believe it will end up a failure for the studio unfortunately. Just browsing the marathon subreddit the last few days will tell you all you need to know. No one was posting cool or even funny clips for example. Mostly complaints and now people are circlejerking about purchasing
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Gammichan
Gammichan@gammichan·
I like Marathon more than Arc Raiders
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Albie
Albie@linkchainlink·
They will literally start WW3 to stop $LINK from pumping
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SlickBacker@SlickBacker·
@dcfgod @darrenlautfnew you guys should put your seed deals aside and talk about the real player, chainlink. enough with this trash
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Darren
Darren@darrenlautfnew·
Back to McDonalds
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SlickBacker@SlickBacker·
The Chainlink suite keeps expanding use cases, and the market simply does not care. $6.1B circulating market cap is an absolute joke for a protocol that has the entire industry by the throat, while also owning products that act as the best enabler crypto has ever seen.
Fishy Catfish@CatfishFishy

Chainlink Privacy standard: Works on any blockchain Connects to Web2 systems Maintains privacy across chain boundaries Supports both public and private chains End-game for privacy.

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SlickBacker@SlickBacker·
@arthur0x Chains should be valued way less, infra connecting chains and adding usecases to them should be valued way higher.
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Arthur
Arthur@arthur0x·
I think we are in for a very rude awakening on the fair valuation range for most crypto infrastructure projects going forward.
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Daniel Shapiro
Daniel Shapiro@_dshap·
The largest criticism around LINK has been the lack of value capture I think a big reason the team hasn't addressed this directly is due to regulatory reasons (e.g. 'cubes', the reserve, etc.) LINK being added to CME, and now Sergey joining the CFTCs, push the probability of LINK being a commodity close to 100% I think the market structure bill is all that's left for us to see what they have actually been up to I think 2026 or 2027 is when the thesis is validated or invalidated. We will see
Chainlink@chainlink

BREAKING: Chainlink Co-Founder Sergey Nazarov announced to @CFTC’s Innovation Advisory Committee.

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