Sabitlenmiş Tweet
Ξnvbis
1.8K posts
Earlier today I made a big move in anticipation of this announcement. In a single transaction, I locked 500 million coins...forever.
A movement does not belong to the person who lit the match. It belongs to the people who carry the flames.
As I’ve mentioned publicly, I’m dealing with an ongoing family crisis involving my children. It has taken a real toll on my mental health. On top of that, the daily pressure of “do more to pump our bags” - when I’ve already done more than any person leading a CTO in this space ever has - is disheartening at best. And beyond all of that, I’m losing some of my passion for crypto in general.
For $WhiteWhale holders: yes, there is a continuity plan. While permanently locking $13 million worth of supply should be the greatest parting gift I could give you, I know the @WhiteWhaleMeme page needs to stay active and keep producing fresh, creative, and funny content. My dear friend and loyal companion @vincenzomaiett has agreed to selflessly take on that responsibility. DEX LP operations will also continue under one of the sharpest LP minds I know, with my ongoing oversight behind the scenes.
When you look at my record - with millions given to charities on-chain, millions distributed to members of CT, and millions more spent accumulating a more proper supply structure for $WhiteWhale - the reality is that, since 10/10, I have officially given more to crypto than I’ve taken from it. I’m okay with that. I believe in karma. I don’t believe good deeds should be performed with the expectation of reward, but I do believe the universe provides in due course.
I came into crypto deeply passionate about what I believed it represented: the original promise. Permissionless finance. Decentralization. True financial freedom.
Ironically, the reason for my prior success in this space is the same reason I’m now losing my passion for it. Before 10/10, I had accumulated nearly $100 million in PnL from a trading thesis that began with a very simple assumption: everything is manipulated. From there, my thesis evolved into this: a trader’s job is to identify the signs of manipulation and move in harmony with the Apex Predator class, rather than becoming its prey.
Eventually I had to confront the contradiction in that.
How can I be passionate about free and open finance while operating under a thesis that says, at its core, it’s all a lie?
That kind of cognitive dissonance has a cost. It shows up as stress, guilt, shame, and anxiety when your actions no longer align with your beliefs.
Knowing something academically - and even profiting from that knowledge - is one thing. Seeing how the sausage is made with your own eyes is another. Running a coin opened my eyes to a lot. On one hand, if I ever go back to trading, I’ll be better equipped than ever, with sharper instincts and a deeper understanding of the brutal arena that is crypto. On the other hand, it’s hard to feel excited about magic internet money when you know how much of this space actually works.
The sad truth is that founders and thought leaders in this space know what I know, and many of them know much more. That is part of why we need to break the culture of idolizing founders. We praise them as honorable people building better tools, but underneath it all, they know just as well as I do that much of what they are building on top of is rotten to the core. And yes, I believe a beautiful cake sitting on a pile of dung eventually takes on the taint of dung.
But the reality is that there is not much anyone can do about it. That is one of the consequences of so-called decentralization.
Crypto is global. You cannot regulate an entire planet. A VPN and a protocol hiding behind the letters D-E-X mean that nothing will ever fundamentally change because somebody in power decided it should. If real change comes, it will come organically - when the people stop feeding the machine.
And while those comments are about crypto more broadly, let me say something directly to the trenches.
Pump.fun is a cancer on this space. You know it, I know it, and yet you keep engaging with it. Its entire business model is built on volume and volatility. The trenches are fragile because they were designed to be fragile. I’ve been preaching liquidity design and liquidity shape for months now.
But here’s the harder truth: most of you would not show up for a proper liquidity shape. Because the 1,000x fantasy would be mathematically reduced, even though very generous returns could still remain on the table. You have been sold a dream with odds closer to a national lottery ticket than an investment opportunity. You see the occasional winner and cling to the hope that one day it might be you. Meanwhile, the real winner is the machine that keeps you playing.
Narrative matters far less than mechanics. If narrative alone were enough, Punch would have broken through the way its mindshare deserved. With all that attention, and with all that narrative weight, it still could not break the nine-figure curse even while being actively crimed. Only a couple of coins have managed that in recent history, and $WhiteWhale was proudly the first. Same with Kilroy - the original meme, an incredible narrative, and still: crickets. Because mechanics matter more than people want to admit. (I am not an active holder of any examples I've given).
So this is me stepping away from CT.
Not out of hatred. Not out of self-pity. And not without love. My biggest reward from my crypto journey has been meeting some really wonderful avatars from all across the globe. (Ironically the really nasty avatars are the worst part of all of this)
I am choosing my children. I am choosing my mental health. I am choosing to step back before this space takes any more from me than I’m willing to give. For long ago in life I learned that you're no good to anyone if you're not okay. And right now, I'm not ok. And it's okay to admit that.
To the people who truly believe in me, believe in this movement, and stood beside me through all of it - thank you. I will carry that with me. Always. This was always for you. I trust you'll continue to bear the torch.
And as for the future: I’m not closing the door. Maybe one day, when the storm has passed and the fire returns, I’ll have something left to say. Maybe one day I’ll come back. But if that day comes, it will be because it’s authentic and not because I feel the public pressure to "dance puppet, dance".
In the mean time...take care of yourself, and each other. Protect what's worth protecting, and abandon the things that aren't.
🫡 From the depths —
The White Whale 🐋
English
Ξnvbis retweetledi
Al Jazeera reports the all in cost of of mining one Bitcoin in 🇪🇹 Ethiopia is only $20,000 due to abundant hydropower 😮
English
@infesports_gg @CounterStrike And those bottles that for aome reason i don't see them in the frame.
English
Today I learned that the FBI struggles to hire hackers because it turns out they have to be clean from smoking weed for over 3 years 😭
English
English
@TheBTCTherapist Ah, bummer. Maybe you could monetize one of the other 3 Bitcoin accounts you use to cross-promote this account.
English
This is the hardest thing I’ve ever had to write. I’m completely devastated.
Last Friday, I️ was notified that my monetization had been paused.
I’ve shown up on this app for 5 years straight every single day to grow my account to what it is now. I️ never once paid for ads, never bought followers, never did anything but grow in an organic way.
After appealing once, I️ was told my account was removed due to spam and inauthentic content. This couldn’t be further from the truth. I️ spend 6-12 hours on X daily in addition to my full time job; creating content, interacting and posting. I’ve adapted to new algorithms, posting strategies and even started a newsletter. I️’ve stopped using any other online platforms as I️ truly value the freedom and community X has brought me. Every single holiday, family event, vacation, wedding, birthday, you name it, I’ve been active on X during it.
I’ve never once taken for granted the audience I’ve grown on this app and have thoroughly enjoyed the relationships I’ve built because of it. During this last period in which I️ was removed, I️ proposed to my girlfriend of 7 years. During this proposal trip, I️ stayed active online the entire time, which is nothing new. I have given up years of time to create something bigger with no regret. But now, after being denied and repeatedly called a spam account, with no way to plead my case, my last resort is to post here.
Having to do this publicly feels so pathetic. It’s been almost a week and 2 appeals later, and I️ can’t get in touch with anyone who’s willing to help. I haven’t been given any clarification of where I️ went wrong or if there is a pathway to resolution. How can I️ dedicate myself so profoundly to something for so many years without being given any chance to make a simple change in my form of content? I’ve never had my account flagged or even been told of any misconduct in a 5 year period. The first I️ hear of an issue is ironically on pay day after spending hours upon hours working online during my vacation.
I️ don’t expect everyone to be able to understand the severity of this situation because they will never see the time, sacrifices and work put into growing an account from 0 followers to over 260k. I️ can’t begin to explain the things I’ve sacrificed to get to the point of being a creator and I️ can’t help but feel like the platform has failed me.
To you, this may just be a lighthearted meme account you follow. To me, this has altered my life. I️ was committing to go full time on X and even put in notice at my full time job. It is every content creators dream to be able to take this on full time, and to have it taken away from you almost as soon as you got it, feels gut wrenching.
Over the last 2 years I’ve told everyone how important it is to get a blue checkmark, pay for premium and begin to monetize their account. I️ couldn’t have been louder about how much I️ love this platform and truly felt it was the only platform worth being on. The freedom I️ was given was amazing up until now. I️ truly never thought something like this would happen.
All of this to say, I️ am not a spam account and I️ deserve reconciliation. I️f there is a specific thing I’ve done wrong, I️ will adapt my content to no longer do so. But a permanent suspension with a false reasoning will never be okay with me. I️ would hope that you are also not okay with taking away the livelihood of the creators on a platform that prides itself on free speech.
@XCreators @premium @x @elonmusk @nikitabier
English
JUST IN: $820,000,000,000 wiped out from the US stock market today.
$120,000,000,000 wiped out from the crypto market cap.
English
Ξnvbis retweetledi
Breaking down our latest raise. Our single KPI is Bitcoin per share. Every capital decision we make gets measured against that. After our last institutional offering, we heard from shareholders that they wanted us to think differently about how we raise capital. The demand was still clear: more Bitcoin. So here's what we did.
Japanese PIPEs typically price at a ~10% discount to market. We sold shares at a 2% premium to market and packaged our equity vol into fixed-strike warrants at a 10% premium. The company gets immediate capital to grow the Bitcoin balance sheet. If the stock goes higher and warrants are exercised, we receive additional capital at a price above today's market. The investors get to express a view on volatility. This isn't zero-sum. Both sides can win.
This is the same playbook MSTR pioneered with convertible bonds. A 0% coupon convert was a bond and an embedded call option packaged into one security. The coupon was zero because the embedded option on a levered BTC vehicle was so valuable it replaced the coupon entirely. The bondholder wasn't lending for free. They were paying for vol. Saylor understood this before anyone else in BTC and it unlocked a new paradigm for Bitcoin treasury capital formation.
Same principle, different wrapper. We used stock plus warrants instead of converts, so there's no debt, no maturity risk, no overhang, no ongoing dividend or interest payments. The capital structure stays clean with no debt sitting above equity holders, and that's by design. When we issue preferred shares, the balance sheet underneath needs to be pristine. Every Bitcoin we add strengthens that foundation. The bigger the base, the more credible the credit. We are intentionally building this to become the dominant issuer of Bitcoin backed fixed income instruments in Japan.
And finally, we run one of the most active BTC derivatives books in the world. Every scenario here has been stress tested and is being managed, including the tail risk on future warrant exercise. We built this company around Bitcoin volatility and BTC Yield. This is what we do.
This is permanent capital with no ongoing cost. The proceeds go to Bitcoin. ~$255M now. Up to ~$531M on exercise. March toward 210,000 BTC continues.
English
Wow. Every single person in this image has been eliminated.
Even the man with the cane.
English
JUST IN: “Stop Oil” activist Greta Thunberg demands that Trump allow oil imports to Cuba.
English
Ξnvbis retweetledi
