DeFi Summer 🔄

@delysscious7 @Tazerface16 Wild

@Tazerface16 ooohhhhhhh so thatsssss what made him say this. I won’t lie this is one of the most fun games to come out of these 10 years. Brainstorm and do rapid word association to figure out how the president came to his fucked up conclusion lmao like a legit game show or something

Trump is so fucking dumb that when he heard that semiconductors use "transistors," he thought they said "transgenders." That's how fucking stupid our President is.

@toly @dm10xKing @Sangeli7 @EvgenyGaevoy Your economic reasoning repeatedly ignores the distinction between how public and private entities behave

@dm10xKing @Sangeli7 @EvgenyGaevoy Completely the wrong answer. Competition would force them to leave. The reason why there is such a huge incumbent advantage now is because there aren’t enough high performing running

Genuinely challenge anyone to defend this, like this is is pretty bad

@toly @EvgenyGaevoy The Chicago School argument presumes a free market comprised of private actors without state power. It's totally inapplicable here

The Chicago school of economics argument is that someone already is monetizing this edge. In the best case it’s someone with a pure latency edge, and they are creating value by moving data faster. 1) the information is property of the company 2) someone is already extracting rent from it as an edge 3) the company shareholders are better served if they auction it and capture the rent 4) a public auction removes the margins for the dark forest to exploit the edge This is under the assumption that the source of the information isn’t adversarial.

@merklefruit Its real

never deleting this app

@frenkie_van Shocking

from Cashcat to Crashcat

@maxstephhh Is that @maxkeiser

@CryptowithSun @FLIPgoHL Dm'd

@DefiSummer2020 @FLIPgoHL I might 👀

back to running the trenches once more. join my private tg. link in the next post.

@BenjoPompey Real

Either way It’s coming home #england

@nftboi_ 🤝

@DefiSummer2020 banger take brother

Good read Occasionally these days I'll stumble upon an article that isn't regurgitated AI drivel If crypto tokens exist primarily as PvP game-theory instruments for capital redistribution, what are we actually building? In this framework, it's really nothing more than short epochs of attention to pump tokens as quickly as possible, rinse and repeat The normalised trajectory of tokens cannot be from zero to one, and then back to zero again within increasingly shorter timeframes. This is essentially just a game of musical chairs Remember how central the "hodl" philosophy used to be to crypto? In the space of probably just three years, it has almost completely disappeared from cultural discourse and transformed into: "If you don't jeet within 3 hours, you're probably dead" I do think memecoins can continue to exist in their current casino format, even if it is almost entirely dominated by permissionless crime. But there urgently needs to be a technical or structural distinction between them and tokens issued by legitimate crypto startups or businesses. Right now, there isn't one. Everything is perceived and traded as a memecoin This is largely a product of the launchpad era and its downstream consequences: hyperdilution, mass token deployment, 50k FDV brainrot "investing", rotation maximalism, and the normalisation of having no skin in the game. These have destroyed any semblance of token value perception regardless of project intention or quality It was also exacerbated by foundations, protocols, and industry figureheads who normalised launchpad ubiquity through "tokenise everything" slop. I suspect many of the incentives were misaligned from the outset bc certain actors directly benefit from volume-based token deployment through sequencer and protocol revenue On the push towards RWA tokenisation, I largely agree. Every asset should be accessible onchain. However, I also think there is room for purely crypto-native assets to become genuinely investable again if we move towards different ownership frameworks. Perhaps futarchy through @MetaDAOProject and @umia_finance, and token <> equity models such as ACE and Cybercorps by @MetaLeX_Labs

@VERYKOOLLUKEY BKK with a few weeks in Europe each summer is a nice dynamic imo

Where is a good place to live? Kinda getting bored of traveling and would like a different living situation for a little while (maybe a month or two) Looking to have more of a homebase so I can lock in and take life slower There’s things I don’t like about SEA but somewhere like bkk or Bali interests me just due to the convenience and obviously the fact that it’s cheap is nice Europe is cool but I can’t see myself staying there that long NYC could be cool but I can’t live in America rn for legal reasons Honestly the reason I’m still traveling is because I was looking for a place that resonated with me so I could stay longer but nowhere really felt that way to me and now even my own hometown is alienating to me because I have spent so much time abroad. This is the Faustian nature of being a “global citizen”.

@blknoiz06 Have you considered that the token framework itself might be the issue?

i have a thesis that buybacks don't actually work hyperliquid makes $800M annualized revenue pump fun makes $440M annualized revenue $HYPE trades at $65B FDV while $PUMP trades at $1.4B FDV both teams do regularly recurring buybacks with portions of their profits from the business but they trade at vastly different ratios to their revenues i believe the difference is not in how much actual revenue is generated by the business but instead its reflective of the trust premium ascribed to the team determined by their actions and decisions in the market, hyperliquid never overpromised anything, only focused on shipping product and emphatically rewarded their core users based on pre-determined metrics that contributed the most to the platform, the core users of hyperliquid have a very high trust rating with Jeff, & even if you believe the perps revenues are slightly more durable which maybe they are, i believe this trust premium on their execution and social alignment with the community is a major factor in why the token trades so well in contrast, pump fun made $1B in revenue, raised another $1B in their ICO, and promised an airdrop to users that was never delivered, even though they are one of the most successful and consistent businesses in crypto, they do not have social alignment with their core userbase and therefore do not have a comparable trust premium that hyperliquid has, recently it seems they've made concerted effort to improve comms and talk to community more, i believe that if they were ever to seriously focus attention on shifting this dynamic by actually doing the airdrop they've promised and responding to the concerns of their core user base, then the token would trade 10-15x higher, as it would also likely materially increase their volume, attention, and resulting revenues on their platform bitcoin makes $0 in revenue but has a ~$1.3T market cap, it has the greatest trust premium of any asset to ever exist, people know that there will only ever be 21M coins, and they know that the network will always continue to function no matter what to fulfill its necessary actions this is part of what ive been talking about when i say that there is intangible value that contributes to the valuation of a business in addition to the tangible value that is determined purely from revenues and other metrics trust, memetics, and attention are all very important and heavily underdiscussed in markets

@ImperiumFirst What kind of garment is that? Looks like a bin bag

> Be Sneako > LARP as a muslim > Every team you support loses to Argentina > Forced to support Spain in world cup final > Spain slimed millions of muslims in the Reconquista Literally the fakest nigga of all time lmaoo

@gunotch Thanks for the update on the Korean mkt 🤝 Is it mostly retail currently trading these instruments? That's a massive min cash requirement increase

Korea's regulators just hit the brakes on the wild trade in the market. For months, retail investors piled into single-stock leveraged ETFs, funds that let you bet on Samsung or SK Hynix with 2x daily moves for as little as a few million won. Only 16 of these products exist, all launched less than two months ago, and regulators now blame them for amplifying the market's violent swings. So the rules are changing. New listings are frozen, all advertising is banned, and the cash you need to trade them jumps from about 3 million won to 30 million. The president himself ordered a fast response. The market fell more than 6% today as this news landed. Due to these regulatory brakes, I'd expect a calmer market, with smaller swings in SK Hynix and Samsung for a while. koreaherald.com/article/108115…

@Cryptobuddha369 🤝

@DefiSummer2020 Very coherent and sound take on the matter.

@FPL_Salah Arguing over the foul

Okay I really want to know what Bellingham said to Messi here 😂

@Crypto_McKenna 👏

Honestly I don’t want to even talk about it ever proud of England the squad was elite. Bellingham, Kane, Gordon, Pickford all performed world class. I’m proud of the squad and how far we got in the World Cup. May the best team win and God bless.

Didnt know this was a common larp, but I actually did monopolise the school candy & snack game, often viciously implementing predatory price gouging and selling Panda Pops for up to £2.50 (£36 in today's money adjusted for inflation) after break time football games

@OxSimpleFarmer happy birthday too!

Today is my birthday. The only thing I want for my birthday today is for England to beat Argentina in the World Cup Semi-Finals. I said maybeee you’re gonnaaa be the one that saves me 🏴󠁧󠁢󠁥󠁮󠁧󠁿 Because after all you’re my wonderwalll