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1/x 🟡 SPX6900 Thesis

Unfortunate that “no gatekeeping” led to me being harassed through to the end of my pregnancy by an obvious bad actor! Man tf up and when someone tells you they are documenting everything / taking sound bytes from spaces etc. know that is obvious fed behavior & act accordingly

🪽

@crypto_adair thoughts on SPX6900?

I login and my favorites are fighting on the TL. floodcapital v b16z. Momentumkevin vs. MLM. Lmao what is going on.

@FlipStockMarket @Matthew_C_Beck the goat

Now is not the time to be scared. That was 9 months ago. @Matthew_C_Beck explains his proprietary risk-on indicator, and why it's been flashing recently. youtube.com/shorts/ODqRPe2…

@blknoiz06 @brian_armstrong @CoinbaseDuck this is a pretty good bullpost for spx6900! well written

going to add my two cents here i believe ppl are generally upset with base because you guys pick & choose what you want to support onchain, because you never know what is going to work and what isnt going to work so it isnt as simple as objectively determining what is positive sum beforehand for example, base did a big push on creator coins, you even directly bought balaji's coin, but base was not as supportive of memecoins, especially the ones that were doing a lot of volume onchain and could have benefitted from exchange listings earlier, but the creator coin & memecoin charts ended up looking near identical, with most of the creator coin charts not doing nearly as well as a lot of the largest memes on base - i personally think there are some unique reasons for why they didnt work and will work in the future but thats for another post from my pov there are two different ways to value crypto assets, one is based on the fundamentals of the underlying business, and the other is more intangible value determined by the community of users of the network and driven by attention/momentum/belief etc hyperliquid is a great business that makes real revenues and is valued in part because of those revenues, but it also trades at a premium because of the collective belief that their users have in the network and their future plans to execute on that vision bitcoin on the other hand, makes no revenue, but is the largest crypto asset by market cap because it trades purely on the collective belief that it is a better store of value than depreciating fiat currencies and the network grew so large that it became a self-fulfilling prophecy ethereum is somewhere in between in that it does make real revenues but if you simply valued it purely off of those revenues as you would a tech stock it would trade 95% lower, ethereum also has some intangible value determined by the network of cypherpunks who are majority stakeholders of the network, and they believe that its value as an asset is more than what you would come to conclude on based off of purely p/e ratios tokenization, stablecoins, perpetuals, and prediction markets have been crypto's greatest success stories to date, tokenization in particular has been so successful because it is one of the only ways to accurately put a dollar value on this intangible value of culture and attention memecoins are denigrated by a lot of the corporate entities in crypto, but i think what a lot of people fail to realize is that the same intangible value that drove bitcoin and ethereum to be the #1 & #2 largest assets in crypto is the same intangible value that attracts retail to speculating on memecoins, doge sits at $11B and has outlasted a majority of coins over the past decade, its value is purely derived from how internet natives value culture and memetics on the internet do i think its important to uplift and support protocols in defi/rwas/consumer etc etc? yes, but its just as important to recognize what your users are interested in trading, the best analogy i can make is that if you are a mayor of a city and you have patrons who want to go to nightclubs or go to the casino or go to bars, you would not exclude this activity because you only want people to build businesses like banks, restaurants, corner stores, bookstores etc etc. - for an L1 to thrive it needs to have a diverse ecosystem of all things, and it is clear from the data that onchain trading volumes directly positively impact the native blockchain, whether thats in bringing more attention to the chain, or increasing fee revenues, or increasing revenues of underlying infra providers, or attracting new builders to create new products - best example of this is how bonk revitalized solana at the lows & was a very core reason that trading activity came back onchain + the main reason the first set of solana mobile phones sold out all L1s & L2s are social networks with their own ecosystems and their own culture, with permissionless networks you cannot control what people build or trade, but you can find ways to provide support across the board and contribute to ideating on how to make trends more sustainable

Crypto stuffs that Robinhood chain and base will both learn in the next 12 months or so. Robinhood chain - new chain steals the spotlight, but it fades quickly after Robinhood users get very bad experience trading these meme coins. Statistics has shown, these games are massive extraction in the long term. - if volumes are coming solely from PvP meme coin, their real exchange users are the only losers therefore impacting their core business and trust over time. Base - been there, done that with non productive memecoin trading, team attention will finally be spent toward sustainable crypto use case. - not all builders are worth supporting, many will leave for Robinhood chain if not already moved, and eventually they will move onto the next chain. - steering user towards positive sum crypto use case, liquidity, users/customers are your best moat.

@buckle_tf_up skeletonin?

@GhostOfTanzCho @notjeyzzl What gets me is that most don’t even deep dive to understand anything anymore. Too easy for them to make it in the insider or high vol quick flips so they don’t even bother it’s just charts n time frames for their algos to tell them when to flip

🧵The Epstein files and S&P Global. A thread. 1/ In 2011, the McGraw family had owned one of America's most powerful media and financial empires for over 130 years. McGraw-Hill. Publishers, ratings agencies, indices. They didn't just rate bonds - they controlled the list that trillions of dollars in funds are legally required to follow. The S&P 500.

@user_aeon_one i love you dev

@SPCMNandHOBBES SPX6900 fixes this

we’re 10 minutes into the supposed “memecoin renaissance” and people are just seething at eachother for shilling <not their coins> and not realizing the magic is just gone, the playbook is known, and the energy is so forced tough watch looking at a lot of your tweets

@Sokio8D coded

gm

@undy_aeon @AEONG1RL @notjeyzzl @fangiskhan @user_baproll @angeltech888 i just want to be in the groupchat

@C134RPi11 @AEONG1RL @notjeyzzl @fangiskhan @user_baproll @angeltech888 you really want me to regret posting this dont you :P

also forgot to thank @fangiskhan @user_baproll and @AEONG1RL and @angeltech888 for their early feedbacks as i was streaming the ideation process of it its not a fucking grammy i just want to show appreciation from people that support me also @notjeyzzl for pushing new music and art into the cognisphere, we need more people like you ok i stfu now and go back to shitposting

@undy_aeon @AEONG1RL @notjeyzzl @fangiskhan @user_baproll @angeltech888 how can i become a close friend? I love you Undy.

@C134RPi11 @AEONG1RL @notjeyzzl @fangiskhan @user_baproll @angeltech888 i only share my my close friends for now, might start a patreon at some point

@AEONG1RL @undy_aeon @notjeyzzl @fangiskhan @user_baproll @angeltech888 how can aeons get invited to do your mom and watch undy make music before he releases it officially? i thought it was on twitch but clearly it sounds like a closed group of some kind is it the tofu army?

@C134RPi11 @undy_aeon @notjeyzzl @fangiskhan @user_baproll @angeltech888 ur mom

@undy_aeon @notjeyzzl @fangiskhan @user_baproll @AEONG1RL @angeltech888 why is it exclusive if its on twitch?

@C134RPi11 @notjeyzzl @fangiskhan @user_baproll @AEONG1RL @angeltech888 exclusive content for gayclusive people only 🤓

@notjeyzzl @undy_aeon @fangiskhan @user_baproll @AEONG1RL @angeltech888 ah excited to watch the ideation process there next time

@C134RPi11 @undy_aeon @fangiskhan @user_baproll @AEONG1RL @angeltech888 S-S-S-SPX_FM twitch.tv/spx_studios

Calling all project aeons 📞 Drop your cute girl below I have a project I’m working on 🤫

@n3nolit @CountryBitcoin in 2 hours

@CountryBitcoin any news about flippening?

I'm bullish AF