Dkhol

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Dkhol

Dkhol

@CryptoDkhol

a chimp building things nobody asked for | NFTs, AI, & bad financial decisions | NFA

Web3.0 Katılım Ocak 2019
2K Takip Edilen2.5K Takipçiler
Dkhol
Dkhol@CryptoDkhol·
@0xkyle__ oh damn, thanks for quoting this gem, great answers there
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Kyle
Kyle@0xkyle__·
This has to be one of the best things I've read on this app
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moneyfetishist@moneyfetishist

I am not going to motivate you because if you need motivation from a stranger on a plane the answer is stay but I will give you the game theory your corporate M&A gig is a repeated game with diminishing marginal returns. year 1 you learn everything. year 2 you refine it. year 3 you are executing pattern recognition. year 4+ you are being paid more to do the same thing with slightly larger numbers. the learning curve flattens but the golden handcuffs tighten because every year the comp goes up and the opportunity cost of leaving gets more painful on paper this is a classic status quo bias trap. the payoff of staying is known and comfortable. the payoff of leaving is uncertain and scary. so you stay not because staying is optimal but because the asymmetry of regret is lopsided. you can imagine regretting the leap. you cannot as easily imagine regretting the years you stayed too long because that regret builds slowly and never hits you in one moment here is where game theory actually helps: in your M&A seat you are playing someone else's game. the firm sets the rules, the deal flow, the comp structure, the promotion timeline. you optimize within their framework. you are a very well-compensated player in a game you did not design. your upside is capped by whatever the partnership or MD economics look like. your downside is protected by a salary. that is the trade owning a local business flips the entire payoff matrix. you design the game. you set the rules. the downside is real and unprotected but the upside is uncapped and compounds in ways a salary never does because you own the equity. a $2M EBITDA business bought at 4x and grown to $3M EBITDA over 3 years is worth $12-15M on exit. no M&A salary trajectory produces that kind of wealth creation in that timeframe unless you are a founding partner the Nash equilibrium of your current situation: you and every other M&A professional are competing for the same promotions, same deal credit, same bonus pool. the competition is fierce because the players are identical. same schools, same skills, same hours. you are in a crowded equilibrium where everyone works 80 hours to stay in the same relative position local business ownership is a different game with different players. the competition is a 62-year-old owner who stopped innovating in 2014 and a 35-year-old who inherited the business and does not want to be there. you walk in with financial sophistication, deal structuring experience, and the ability to read a balance sheet faster than anyone in the room. you are overqualified for the game which is exactly where you want to be. the best strategy in game theory is to play games where your existing skill set gives you an asymmetric advantage over the other players the timing question is about optionality. every year you stay in M&A your financial optionality goes up slightly because you save more. but your operational optionality goes down because you get further from the reality of running anything. the M&A guy who leaves at 28 adapts to operations in 6 months. the one who leaves at 38 has a decade of habits built around delegating to analysts and reviewing decks, and managing a P&L feels foreign in a way it would not have 10 years earlier but again. if you need me to motivate you, stay. the people who actually do this do not need motivation. they need a spreadsheet that shows the math works and then they cannot NOT do it. if you have the spreadsheet and you are still asking strangers for motivation the spreadsheet is not the problem

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Dkhol
Dkhol@CryptoDkhol·
@MoonOverlord being hacked on april fools day has its own advantages... or disadvantages depending on how you look at this
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moon@MoonOverlord·
drift got hacked for $200m and nobody noticed for an hour lol
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Dkhol
Dkhol@CryptoDkhol·
@waleswoosh you don't need money if you wanted to go long in any case
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wale.moca 🐳
wale.moca 🐳@waleswoosh·
Just checked my balance on Drift Protocol and all my money is gone. Haha, very funny guys. April Fools, I get it. Now please add it back
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Dkhol
Dkhol@CryptoDkhol·
@ripchillpill most "ambassadors" are just unpaid marketing interns with a fancy title the projects know this but hand out badges anyway because it's cheaper than real partnerships
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Dkhol
Dkhol@CryptoDkhol·
@Loopify also they additionally stated "this is not an april fools joke" imagine getting hacked today and you have to write this lol
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Dkhol
Dkhol@CryptoDkhol·
@davidonchainx the best april fools joke would be posting green screenshots
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david 🔛⛓️
david 🔛⛓️@davidonchainx·
No one in crypto is allowed to make april fools day jokes Our portfolios are the real joke
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Dkhol
Dkhol@CryptoDkhol·
@WazzCrypto the only question i have is: what kind of edibles this intern on and where to get them?
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Dkhol
Dkhol@CryptoDkhol·
@sjdedic @perkinscr97 @sethginns franklin buying talent instead of building internally is a good sign hopefully it won't the be the case where tradfi absorbs crypto's innovation while keeping the old rails
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Simon Dedic
Simon Dedic@sjdedic·
Pretty huge to see Franklin Templeton doubling down on crypto, acquiring the CoinFund spinoff and bringing the managing partners @perkinscr97 & @sethginns on board. TradFi continues to tap into crypto. Crypto continues to tap into TradFi. Expect this convergence to continue accelerating, until there’s only one thing left: Finance.
Franklin Templeton Digital Assets@FTDA_US

Today, we launched Franklin Crypto: a new dedicated, institutional-grade crypto investment management unit. Industry veterans Chris Perkins and Seth Ginns will co-lead Franklin Crypto alongside @FTI_Global’s Tony Pecore. To expand our existing suite of actively managed crypto and blockchain VC investment offerings, Franklin Templeton will acquire 250 Digital, led by Perkins (@perkinscr97 ) and Ginns @sethginns , formerly of CoinFund. As part of the agreement, all CoinFund liquid cryptocurrency strategies will be acquired to broaden our crypto investment platform. The transaction is expected to incorporate tokenized registered securities within its settlement structure, marking an important step toward conducting M&A transactions on chain.

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Dkhol
Dkhol@CryptoDkhol·
@notthreadguy never watched his videos yet, but if someone annoys you but you keep watching... this is actually ghe best praise anyone can get
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threadguy
threadguy@notthreadguy·
struggling to admit how much i enjoy chamath youtube videos
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Dkhol
Dkhol@CryptoDkhol·
@santiagoroel do you think 90% discounts happening bc of the current market price action? or just private markets were wrong about everything for 2 years straight?
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Santiago R Santos
Santiago R Santos@santiagoroel·
Discount on vast majority of crypto secondaries is avg 90% It’s never been this bad and talking to secondary MMs they say the same. Usually it’s 60-70% for locked tokens w standard vesting - 1Y lock + 3-4 year vest
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Dkhol
Dkhol@CryptoDkhol·
@waleswoosh they will appreciate in price ofc can you imagine how much money people will offer for a quantum resistance ordinal jpeg it's just you need to do a lot of "work" to convince people on that narrative
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wale.moca 🐳
wale.moca 🐳@waleswoosh·
Why has no one addressed the elephant in the room yet?? What will happen to my Ordinals and Runes when quantum computers are here??
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Dkhol
Dkhol@CryptoDkhol·
@redhairshanks86 twitter is still the only platform that calls out ai slop and has negative outlook on it all other platform users just don't care about it this tells a lot
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Squiggly Hair Shanks
Squiggly Hair Shanks@redhairshanks86·
if you think that twitter users have stupid takes, you are in for a surprise if you move to ANY other social media platform average twitter users have SIGNIFICANTLY higher iq than ALL other social media users, not even comparable. reddit is the only one on par with twitter. that's why meta ads exist, you can literally just create a graphic or ugc video of anything and normies will buy it. wouldn't work on x the easiest way to tell that twitter users are more intelligent is that most of twitter is still text based while all other social media platforms have already long moved to image or video
Bryan Johnson@bryan_johnson

When I'm out and about in the world, people recognize me from IG or YouTube at a 20:1 ratio to X. Outside of SF, an X user in the wild is a rare sighting which is strange given how much surface area X seems to occupy. The X paradox: where is everyone?

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Dkhol
Dkhol@CryptoDkhol·
@kelanoo they are preping new tutorials on how to tackle post quantum computer world
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Kelano
Kelano@kelanoo·
where are all the polymarket openclaw bot geniuses from last month btw?
emilios.eth@emilios_eth

@kelanoo OpenClaw + PolyMarket bots must have been the 2 biggest vectors for larping and farming the TL

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Dkhol
Dkhol@CryptoDkhol·
@0xNairolf satoshi's coins are in that 6.7m would be poetic if quantum computers finally moved them lol
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Dkhol
Dkhol@CryptoDkhol·
@0xSammy sure but even ai's development projections can't factor in how fast ai is developing rn all these projections are getting debunked non-stop and it won't be a suprise if this gonna happen with quantum computing projections as well
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0xSammy
0xSammy@0xSammy·
@CryptoDkhol Yeah could get closer but I suspect googles projections have factored this in
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0xSammy
0xSammy@0xSammy·
Google Quantum AI just showed ECDLP-256 can be broken with 20x fewer qubits than previously estimated ECDLP-256 is the math problem underpinning the cryptography that secures wallet signatures on virtually every major blockchain Under 500k physical qubits required which will allegedly take minutes to execute They validated it via zero-knowledge proof to keep the circuits classified. That tells you everything about the severity Every chain running on elliptic curve cryptography is now on a migration clock to post-quantum standards This is the most underpriced risk in the digital asset ecosystem The plus side is that 500k qubits is a ~5,000x gap between where we are today and where you’d need to be; the hardware doesn’t yet exist to execute this We allegedly have until 2029 to migrate to a post quantum safe protocol Honestly didn’t think this would be so soon, but at least we know what the existential threat to crypto will be in the coming years! Now time to backsolve it
nic carter@nic_carter

Many are wondering "what Google saw" that caused them to revise their post-quantum cryptography transition deadline to 2029 last week. It was this: research.google/blog/safeguard…

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Dkhol
Dkhol@CryptoDkhol·
@Legendaryy distribution, distribution, distribution everything resolves around this i guess
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Legendary
Legendary@Legendaryy·
Apple won't build AI. Here's their plan instead. While every Big Tech company burns billions on frontier models, Apple is building an AI App Store. Siri becomes the front door. You plug in whatever LLM you want. iOS 27 this fall. 2 billion devices. 25% cut. Same playbook that made them trillions. They don't need the best model. They need every model to need them. Full clip from the @modernmarket_
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Dkhol
Dkhol@CryptoDkhol·
@icobeast these elites are ruining everything for us
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