profit | eca.eth

a trader in a world full of insiders.

@blknoiz06 @brian_armstrong @CoinbaseDuck @brian_armstrong @jessepollak did yall take notes or nah

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.

. @brian_armstrong it’s really not hard just say you’re the coinbase man

@brian_armstrong @TimDraper don’t fuck this up bald nigga

@TimDraper Thank you! I admire the sci-fi level bets you and Adam are willing to make - you are both fearless and independent thinkers. And this is why you keep putting up great returns in your funds! (I am lucky to be an LP)

I loved Brian Armstrong from the moment he walked into my office, but I had already invested in CoinLab, so I didn’t invest at first. But my son, Adam did. I decided Coinbase would have too long a road to success, so I passed. Ouch. I thought retail crypto was too far away, but my son Adam disagreed and wrote Brian his first check. I followed suit shortly after and got in on the next round. Coinbase has become a household name and dominates the world of cryptocurrency. Coinbase now has over 120 million customers who use Bitcoin and other cryptocurrencies for commerce, finance, trading, and value storage. The return from Coinbase alone nearly doubled our entire Draper Associates Fund V. Brian has been an unwavering north star in Bitcoin and crypto. His innovation and creativity know no bounds. The lesson for founders: If the first VC says no... try asking one of their sons or daughters... some call mine the new VC Scions.

@0xForgivable niggas with 5% of their bags left^

They don’t want our dear old cashcat to succeed

NOXA CAS ARE SAFE. Dev of @TheBuyButtonRH has figured out how to verify all contract addresses. He has pushed and verified tendies-2:native CA. I sent .2 WETH to him as a tip of my gratitude!

@Oura456 congrats

fully back from the hole 10/10 put me in 9 months later keep clicking but take a break when you feel you are overwhelmed

See what’s trending on Robinhood Chain, right from the Robinhood Wallet. 👀

@Stacco__ @uponrh up go up

Had my call with @uponrh, can confirm a very competent team. I can also confirm that $Tendies will be receiving bonus APR for Epoch 1. This should bolster LP for not only Tendies, but frankly all established coins. And pay well too. I’ve been saying this but I really mean it; buy established pairs. I wouldn’t spend your precious Tendies on rotating through the ecosystem farms right now. UP is to RH as TraderJoe is to AVAX. It will take loads of volume because there’s nothing to stop it from doing so. The highest liq and highest paying pairs are already trading. You’ll be able to slam these pairs with size. Adapt. Adapt. Adapt.

Over $300,000 in RWAs distributed to our holders. Our hook has been officially whitelisted by @Uniswap, and trades can now be routed through the protocol seamlessly.

I still post trades in my telegram I just no longer promote it Since I have a lot of new followers though I figured I would share telegram.me/QwertysQuants/… telegram.me/QwertysQuants/… Last night I shared 2 high conviction trades with thesis's attached SKHYNIX at 1200 & Cashcat at .146 9% & 35% gains overnight

nothing has changed, the manifesto has barely started im in the trenches with like 500 steppers, on bro we move like the army nothing is going to stop me intuition is built through blood, lessons being learnt making money is easy, keeping it is the hard part stay SAFU frens

@spinor_ movie

Not only is Noxa FUD baseless (see my last post), but also, in a short period of time, I will explain why this non-event is a net positive

What's your objective here ? Nuke the entire chain because there's legacy coins with fees directed towards the CTO team ?

Robinhood is literally monitoring the ecosystem, does not want useless psyops and false narratives. Stay true to cash-cat:native FYI: THE LINKEDIN PAGES WERE YEARS OLD "Put the cash in the cat"

original concern was wishbone wasn't part of robinhood lore now there's a direct connection to robinhood lore wishbone:native is both a community coin, a lore coin, and THE dog coin don't let missors tell you otherwise

@sadcat_gamble @Noxa_Fi its not always about the money

Imagine your commission is 13 million $$ in 7 days, and you turn off your site for a few days to make an update. @Noxa_Fi guys , are you hating money ?

Chewed up and spit out so you don't have to. solana:iVLbbvimcTpgPJhHByiEGEZyd6dYcnxEsa89s7dEASY CA: 0x5f94e24a3293cf12c97d8b21c2f960adf471c951 For the first time ever, Uniswap has launched their own permissionless launchpad on Robinhood. x.com/Uniswap/status… As you can see in this tweet by Uniswap, they used UNICORN as the example name/ticker for a launch. x.com/UniswapAuction… Why do I think Unicorn could end up being one of the main runners on this launchpad? Well, in the world of finance, a Unicorn is a startup valued at $1B+. It's one of the most iconic terms in VC/tech, and many people in the trenches already know this narrative. During the ICM meta we've seen the Unicorn narrative run to multi-million dollar valuations multiple times simply because it's such a clean and recognizable concept. But this time it's different. You're talking about a Unicorn meme on a Uniswap launchpad, built on Robinhood Chain. Unicorn is literally Uniswap's mascot, profile picture, and main character. On top of that, Robinhood themselves have talked about Unicorns for years. They even have an educational article explaining what a Unicorn is and why companies strive to become one. robinhood.com/us/en/learn/ar… The timing just feels perfect. A Unicorn meme launching on Uniswap's own launchpad, on Robinhood Chain, where both brands already have strong ties to the Unicorn narrative. Imo, all the signs are there. It just makes sense.