Nomatic

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Nomatic

@Nomaticcap

Investor. Co-host of @edge_pod

Katılım Ocak 2021
4.9K Takip Edilen8.9K Takipçiler
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Nomatic
Nomatic@Nomaticcap·
I've put my business on @ether_fi Cash rails. So far, it honestly feels like financial magic. Using yield bearing collateral to fund real world expenses. I wrote all about my experience in the post below 👇
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Nomatic
Nomatic@Nomaticcap·
@daddysether Love to hear it. I need a switch 2, bit almost worried to get one
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liam
liam@daddysether·
@Nomaticcap I jumped in to the remakes of 3+4 when they launched on Switch 2 a while back! I was never played pro skater growing up, but I had a lot of fun jumping in anyway. Really cool with all the updated visuals.
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Nomatic
Nomatic@Nomaticcap·
If you're a millennial, throw on Tony Hawk Pro Skater soundtracks. No Cigar by Millencolin just came on and I got immediately transported back. Swear I could pick up the sticks right now and remember how to play. Some massive nostalgia memories there.
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Variance Lover
Variance Lover@variance_lover·
I’ve been one of the biggest market makers on Polymarket for a long time. At peak I was doing $10M+ daily volume and paying thousands in fees every single day. The current state is the worst the platform has ever felt. Ghost fills still everywhere. Markets constantly breaking. Payouts randomly missing. Exploits going on for months while the team says “it’s fixed”. You spend more time defending against bugs than actually trading. Meanwhile, communication is a joke. They say “we’re listening” → ignore emails, ignore DMs. They say “we’ll work with top users” → instead it’s random private Telegram groups with whoever shouts the loudest. They say “issue fixed” → it clearly isn’t. At some point you stop believing anything they say. The fee situation is another one. If you’re generating serious volume and paying serious fees (thousands a day), most exchanges shower you with attention and perks. I'm not asking for that but would be nice to at least be acknowledged that you exist and have basic communication, especially after they've announced publicly multiple times that they will start doing this. Instead we got a week-long hype campaign for a “big update” that turned out to be… a hidden fee increase. How dumb do you think your users are? And then stuff like April 5th, missed referral/rebate payments, no announcement, no explanation, nothing. Just silence. That’s not a bug, that’s trust damage. The bigger issue is it feels like nobody on the team has actual trading experience. The design decisions show it. Every update introduces new edge cases, new exploits, new ways to break the order book. People have made many millions exploiting this stuff. Many of these accounts are obvious, trackable, preventable. The community has been pointing it out for months. Ignored. Only now that the markets are borderline unusable does it seem like there’s urgency. Right now the platform is honestly close to untradeable: – ghost fills – manipulation – unreliable payouts – constant bugs – zero transparency And surprise, volume is dropping. Meanwhile Kalshi is catching up fast (have basically overtaken in volume in almost every category except for politics) and Hyperliquid is entering with a team that actually understands trading systems. I want Polymarket to succeed. And yes, maybe the upcoming ghost fill fix helps. But if this pattern continues, terrible communication, fake timelines, ignoring core users, then this won’t be a place serious traders stick around. You can’t build a market while eroding the trust of the people who provide the liquidity, especially not as a many multi billion dollar company! I have spoken to many large polymarket whales (of which a considerable amount have already given up on the platform) and they all share this sentiment. @Polymarket @mustafap0ly @SuhailKakar @_kanarazu_
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Nomatic
Nomatic@Nomaticcap·
Nomatic tweet media
Variance Lover@variance_lover

I’ve been one of the biggest market makers on Polymarket for a long time. At peak I was doing $10M+ daily volume and paying thousands in fees every single day. The current state is the worst the platform has ever felt. Ghost fills still everywhere. Markets constantly breaking. Payouts randomly missing. Exploits going on for months while the team says “it’s fixed”. You spend more time defending against bugs than actually trading. Meanwhile, communication is a joke. They say “we’re listening” → ignore emails, ignore DMs. They say “we’ll work with top users” → instead it’s random private Telegram groups with whoever shouts the loudest. They say “issue fixed” → it clearly isn’t. At some point you stop believing anything they say. The fee situation is another one. If you’re generating serious volume and paying serious fees (thousands a day), most exchanges shower you with attention and perks. I'm not asking for that but would be nice to at least be acknowledged that you exist and have basic communication, especially after they've announced publicly multiple times that they will start doing this. Instead we got a week-long hype campaign for a “big update” that turned out to be… a hidden fee increase. How dumb do you think your users are? And then stuff like April 5th, missed referral/rebate payments, no announcement, no explanation, nothing. Just silence. That’s not a bug, that’s trust damage. The bigger issue is it feels like nobody on the team has actual trading experience. The design decisions show it. Every update introduces new edge cases, new exploits, new ways to break the order book. People have made many millions exploiting this stuff. Many of these accounts are obvious, trackable, preventable. The community has been pointing it out for months. Ignored. Only now that the markets are borderline unusable does it seem like there’s urgency. Right now the platform is honestly close to untradeable: – ghost fills – manipulation – unreliable payouts – constant bugs – zero transparency And surprise, volume is dropping. Meanwhile Kalshi is catching up fast (have basically overtaken in volume in almost every category except for politics) and Hyperliquid is entering with a team that actually understands trading systems. I want Polymarket to succeed. And yes, maybe the upcoming ghost fill fix helps. But if this pattern continues, terrible communication, fake timelines, ignoring core users, then this won’t be a place serious traders stick around. You can’t build a market while eroding the trust of the people who provide the liquidity, especially not as a many multi billion dollar company! I have spoken to many large polymarket whales (of which a considerable amount have already given up on the platform) and they all share this sentiment. @Polymarket @mustafap0ly @SuhailKakar @_kanarazu_

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Nomatic
Nomatic@Nomaticcap·
Dude exactly! "Jerry was a racecar driver he drove so goddamn fast" Scorched into memory. And yeah Superman by Goldfinger came on again today. Also 99 Red Balloons by Goldfinger is a song me and my friends played on repeat on a road trip to Montreal. We were all 16 and thought our fake IDs would work better there....AND they did lol. Great times.
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rektdiomedes
rektdiomedes@rektdiomedes·
Lol ha! Love it man :) Remember the Primus song too vividly... but more than anything I remember the Goldfinger one, because my buddy JP only had the advance version of the game with only the first level, and we would play that first level (with that song) on over and over again for hours on end :) Good stuff bro...
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Anomico
Anomico@Anomico5·
@Nomaticcap This soundtrack is seared into my brain. Anytime I hear a song from it played in the wild, visions of grind combos in my basement flood my brain.
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silto@_silto_·
@Nomaticcap @rektdiomedes If you know you have quantum superiority before anyone else you just stealth crack all of them then blast all your txs at once. I don’t see how that changes anything. Also he mixes up volume with how much selling the mkt can absorb, so I can’t take anything he says seriously
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Nomatic
Nomatic@Nomaticcap·
Great writeup on Bitcoin's Quantum situation. Addressed a lot of my own personal worries. I did not know this for example: "but the risk is also lower than many realize — satoshi’s coins are in ~22,000 addresses, each of 50 BTC. a long range attack would have to crack them all (i.e., it’s not one giant honeypot)."
Alex Thorn@intangiblecoins

i had many discussions about quantum & bitcoin in las vegas this week, both on and off stage, with skeptics, advocates, and many overall smart bitcoiners some consensus i feel is emerging: 1) satoshi’s coins (P2PK) should not be touched. violating his property rights could be disastrous for bitcoin’s core value proposition. but the risk is also lower than many realize — satoshi’s coins are in ~22,000 addresses, each of 50 BTC. a long range attack would have to crack them all (i.e., it’s not one giant honeypot). the giant honeypots are mostly exchanges or active entities who can upgrade to a PQ-address if needed, so mostly not realistically at risk. the hourglass proposal could also further mitigate if we thought long-range Qday was imminent meanwhile, neutral atom tech can only do long range attacks, and google quietly opened a neutral atom lab just prior to their recent paper (maybe just hedging, but possibly an admission of superconducting’s limitstions? unclear, but distinguishing between long & short range is essential, and impacts the satoshi-coin issue) data from @_Checkmatey_ and others also shows that bitcoin markets routinely absorb 1m+ BTC, even just from oct25 to pres, let alone during bull markets. suffer a 50% drawdown (even if it were possible to take all of satoshi’s coins) to preserve bitcoin’s core property rights? i think most bitcoiners would accept that trade off, particularly given the mitigations (satoshi’s many addresses, hourglass, and market’s capability to absorb them if needed) 2) it is good to work on new crypto for bitcoin, post-quantum or otherwise. developing it, testing it, compressing its signatures, proposing and debating implementation — all of these are good for bitcoin the risks are a) this work occupies people’s time, potentially diverting from other important work; b) something untested or too novel is added to the protocol; c) calls to implement on the protocol create consensus gridlock, hamper other upgrades but most people i talked with in las vegas agreed that background work, perhaps resulting in a new PQ implementation being “put on the shelf” in case it’s needed, is unequivocally a good thing. this mostly seemed to be a reasonable middle ground on the contentious mainstage panel as well, despite disagreements on urgency. perhaps with the right funding and resources, good work can be accomplished while 2a and 2b are mitigated? i do think quantum is a problem worth working on, even if there is only a 1% chance that it ever affects bitcoin. i also think alarm bells about urgency have ultimately been positive for pushing these discussions forward. but finally, i am also very encouraged that there are a lot of people who are indeed thinking deeply about the implications, mitigations, and solutions, including many bitcoin developers these are just my impressions and are definitely open to discussion and disagreement

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Etc.
Etc.@ec265·
@Nomaticcap There’s a lot of cope in that post And the number of wallets doesn’t really matter as any would be hacker isn’t going to move the coins from one wallet without first hacking others, so that it can all be moved simultaneously
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binji
binji@binji_x·
everyone that comes to my new apartment paints something on this canvas, ten people have done it so far. I want to do a couple of these and have my home become a gallery of personal memories. my friends aren’t all artists but they all make art, lets see how it turns out.
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Nomatic retweetledi
binji
binji@binji_x·
the eth core devs don’t tweet a lot about just how hard the work that they do is so let’s talk about it: 1. every line of code they merge can move more money than most banks process in a quarter. there is no staging server for that. 2. they swap consensus logic for a 400B + dollar economy without scheduling downtime. ever. 3. they coordinate hundreds of researchers, auditors, and client teams across time zones, cultures, and philosophies, yet ship like a single mind. 4. they do it all in public, with every decision dissected by the loudest peanut gallery on the internet, and still keep the vibe collaborative. 5. they design for attackers who have nine figure incentives and infinite patience. then they sleep anyway. 6. they keep six independent clients in perfect sync so the same block lives at the same height for every node in the world. 7. they turn bleeding edge research into production code while preserving backwards compatibility for machines that went online before defi even had a name. 8. they debug issues that only happen once a year on a single archive node because someone somewhere will rely on that edge case. 9. they write cryptography that must stay unbroken for decades while the math itself evolves beneath their feet. 10.when the upgrade lands smooth the outside world shrugs. inside ethereum we know it was a minor miracle. every successful fork proves that decentralized coordination can outperform the world’s best hierarchies and shows that open internet capital markets are now the default. thank you, truly. we owe you everything.
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Nomatic
Nomatic@Nomaticcap·
@TrustlessState The video doesn't even mention Bitcoin. So weird when these accounts just flat out lie. But yes, I too hope AI and Bitcoin ignites an economic boom.
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smac
smac@0xsmac·
In ’29 before the dust storms sandblasted Indianapolis, we believed in the milk company. Milk came in glass bottles. We spread dye-colored butter, now connected to cancer. We worked seven to seven with no overtime pay; pledged allegiance every day, pitied the starving Armenians. One morning in the midst of plenty, there were folks out of context, who were living on nothing. Some slept in shacks on the banks of the river. This phenomenon investors said would pass away. My father worked for the daily paper. He was a union printer; lead slugs and blue smoke. He worked with hot lead at a two-ton machine, in a low-slung seat; a green-billed cap pulled low on his forehead. He gave my mother a dollar a day. You could say we were rich. This was the Jazz Age. All over the country the dispossessed wandered with their hungry children, harassed by the law. When the market broke, bad losers jumped out of windows. It was time to lay an elegant table, as it is now; corporate paradise; the apple before the rot caved in. It was the same worm eating the same fruit. In fact, the same Eden.
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Daniel Jeffries
Daniel Jeffries@Dan_Jeffries1·
This book is a ripping good read and a real mind bender.
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Nomatic
Nomatic@Nomaticcap·
@r_hirschman Any tests you can run to screen for this to discover if you have these developing? I'd imagine this messes with blood pressure. @grok any ideas?
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Richard Hirschman
Richard Hirschman@r_hirschman·
I was in a private meeting early this morning speaking with a doctor and a scientist about recent research on the unusual clots that I have been seeing since early 2021. Because I have not been posting pictures in a long time he thought the issue was going away. It's not. He believes that I need to continue to post recent pictures to document the continuing phenomenon. He is probably right. I highly appreciate and respect his point of view. Therefore I will do better to come on here to share with the world what I am continuing to see. Many people ask what the clots are made of... All of the analysis is pointing to Amyloid. Mostly misfolded fibrinogen. I usually do not know if the individual was vaccinated or not because I don't meet with the families to ask the question. As time goes on, this topic is not being censored as much as it was in the past. Whenever I hear about so many people with clotting issues I can't help myself but wonder if it's related to what I am seeing. Most people now acknowledge that the spike protein causes abnormal clotting. If that's the case, then why inject people with the mRNA instructions to make the body create a spike protein that can cause abnormal clots? Seek the truth and God 🙏 Be kind 🙏 Strive to do what is right 🙏
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YashasEdu
YashasEdu@YashasEdu·
@WazzCrypto @SkyEcosystem As long as my thoughts via this so called “AI slop generated wall of text” offers value to my audience and gives them even some % of clarity I’m satisfied. Have a good weekend.
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YashasEdu
YashasEdu@YashasEdu·
So @SkyEcosystem cut token buybacks from 75% to 7.5% ‣ No regulator forced this ‣ No exploit triggered it The protocol looked at $407M in annualized fees and decided to build a balance sheet instead of distributing it and that's the first DeFi protocol publicly choosing to be a bank instead of a token project. Token holder net income collapsed from $20.60M to $1.16M in one quarter. The income statement tells the story clearly: ➥ Q1 2026 buybacks: $20.60M ➥ Q2 2026 so far: $1.16M So where's the money going? A $150M solvency reserve. Currently at $50.9M. At $5.7B in TVL that's roughly 0.9% coverage. Banks hold 4.5-7% minimum. Sky isn't close to bank-grade yet but it's the first DeFi protocol to acknowledge that zero reserves isn't decentralization. It's a liability dressed up as capital efficiency. If you hold $SKY and this frustrates you, I get it. You bought a governance token expecting buybacks to support the price. Instead the protocol is saving the money you thought was yours. But the protocols that blew up in 2022 (Terra, Celsius, FTX) all had one thing in common: they paid out everything during the good quarters and had nothing left when the bad ones arrived. Different products, same pattern i.e zero cushion underneath. Revenue in ⭢ distributions out Sky is making the decision that would've saved every one of them. It just doesn't feel good while it's happening. The question isn't whether you like this quarter's allocation. It's whether you'd rather own a token with a weaker chart today or a protocol that's still standing after the next stress test. The next 2-3 years are going to be real stress test for the protocols. Here's what to ask about every DeFi protocol you're in right now👇 1. What happens to your deposits when an exploit creates hundreds of millions in bad debt and the protocol has nothing saved? 2. Whether the buybacks you're receiving are coming from revenue the protocol should be keeping as a buffer? 3. Whether a protocol generating hundreds of millions in annual fees and choosing to distribute all of it is being generous or reckless? Sky just set a standard every other protocol will eventually have to meet. IMO the ones that do it voluntarily will earn institutional capital. h/t to @DefiLlama for the data
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