LOU.THOR ☕️⚡️🌑
13.2K posts
@Lpgn95
Witnessing the separation of money and state. Occasional good takes on random topics while mostly midcurf af.
It’s official: I am George. $BTC is over 50% @CryptosR_Us
moment of clarity you’re not going to want to hear this but i think we’re on the precipice of mass exodus from crypto lots of liquidity is about to leave, either into bitcoin or into stonks circle IPO probably kicks this off. the opportunity isn’t in memes bros i’m sorry
🧠 Rujira isn’t a L2, why that matters more than you think ! Most blockchains scale by extending outward: launching Layer 2s, deploying rollups, and bridging assets between execution environments. 👉But THORChain is taking a different path. @RujiraNetwork isn’t a rollup, nor an optimistic sidechain, and not a separate virtual machine either. ⚙️ It’s an embedded application layer, running inside THORChain’s base chain, secured by the same validator set, governed by the same consensus, and producing blocks on the same schedule. And that design choice matters. Here’s why. ⤵️
@THORChain You do realize all of the BTC originates from one of the Coinbase user thefts from the Coinbase breach right?
In previous cycles, BTC strength was positive for alts because the pool of buyers was crypto-native and you could reasonably assume they’ll roll profits and rotate to other stuff eventually So a lot of altcoin front running would take place and BTC pullbacks/consolidations provided good opportunities to buy alts BTC strength would create a ‘wealth effect’ for crypto as a whole and the velocity of money would go up across crypto as a whole This cycle, the pool of buyers are primarily BTC-focused and don’t care about altcoins There’s no direct wealth effect to benefit altcoins, so the non-BTC crypto natives end up PvPing themselves to front run a rotation that hasn’t happened There’s an important lesson here: We were tricked and we fell for it. Investigate Michael Saylor immediately.
