Richard | ISC

@4u_noname @forcemm @WallStreetApes Onlyfans are very popular so... maybe popularity isnt a good benchmark

@Richard_ISC @forcemm @WallStreetApes I wonder why its unpopular, could it be that people who do it are on the same spiritual level as an onlyfans whore? who knows

The CEO of StubHub exposed in SEC documents to own a hedge fund thats scalping millions of tickets on StubHub making a fortune Everything is a scam “StubHub bills itself as an online marketplace for fans where they can buy and sell tickets, but it turns out that StubHub CEO himself also has a hedge fund that is scalping millions of dollars worth of its own tickets” “The company went public on the New York Stock Exchange last fall. They had to file documents to the Securities and Exchange Commission, and in those SEC filings, we find some interesting information. The CEO, Eric Baker, actually owns and manages a hedge fund by the name of Andro Capital. Its business: selling millions of dollars worth of tickets on StubHub — So essentially, StubHub and its CEO are in the business of mass scalping” Here’s a step by step of how the scam works - StubHub CEO’s Andro Capital buys large numbers of tickets, sometimes in bulk from primary sellers, other brokers and events - They then list and sell those same tickets on StubHub at much higher prices - When fans buy the tickets, Andro makes a profit on the price difference, this is the scalping markup - StubHub helps them by handling the listing, pricing and delivery of the tickets, sometimes with special arrangements or lower fees for Andro The result is millions of dollars in ticket sales flow through Andro on StubHub, and the profits go back to the hedge fund that StubHub CEO Baker owns and manages It means with his big money and influence he can move in early, gets the tickets for events, then mark them and rob everyone blind

@cryptopsychdoc Korean style.

Koreans received the biggest ever wealth boom from memory stocks and immediately shoved it into 3x leveraged positions and got wiped out

@4u_noname @forcemm @WallStreetApes It's not price fixing, concerts end up being sold out. It would be price fixing if they on purpose held back supply to keep the price high. There is enough demand at the price set by scalper. It's illegal in some place because it's unpopular. It's just arbitrage.

@Richard_ISC @forcemm @WallStreetApes Price fixing by buying up the supply isn't fair price tho. this is one of those times markets aren't a good tool. Scalping products is pretty low tier behavior, and is actually illegal in some places.

@bowtiedcrake Im not but I did. The added administrative cost alone makes low tariffs very growth stiffling.

@Richard_ISC There is a Laffer Curve to tariffs. Just as taxing 1000% is stupid, so is taxing 0% stupid. Are you a libertarian? If yes unfollow me.

I’m kinda not against dual pricing vs foreigners tbh Would happily pay 30% more in JB knowing that the very worst Singaporeans who pump subsidized petrol meant for Malaysians won’t be there anymore Would happily pay 40% more in Kyoto knowing the worst tourists of the world won’t be there anymore It’s like tariffs but bottom-up

@NotoriousAirbnb Renting a airbnb isnt a shitty thing. Mind your own business 🤣

@Richard_ISC This one big HOA called "Earth" where shitty people do shitty things? Yeah, we'll hold them to account.

Classic example of the damage Airbnb does to housing. This San Diego house sold in Dec 2025. Looks like they tried to rent the back unit, realized they couldn't get $3,100/mo. So instead they list the unit ILLEGALLY on Airbnb 4 months ago.

@forcemm @WallStreetApes The reality is that price will be sold at the fair market price.

@Richard_ISC @WallStreetApes So it’s the artists fault for trying to build lifetime value with fans with pricing at a level that people of all economic backgrounds can come. You can’t build a fan for 20+ years if they can’t afford the show until they are 30

@NotoriousAirbnb You're like a HOA Karen?

Guesthouses & newly-permitted ADUs cannot be used as STR in most of California including San Diego. This ADU was permitted in 2024. Clearly illegal to Airbnb. If they'd just listed it for the $2,400/mo it's worth, someone would have a place to live. airbnb.com/rooms/16204473…

"It was very interesting to see that people are willing to pay a premium just to get out of their positions, or to acquire more ZKFG just to liquidate them. I think that says a lot, not just about the proposal itself, but the fact that people didn't trust the Zinc founder at all" It makes no sense for anyone but the acquirer to bid on the PASS market above $0.15.

@Richard_ISC @ownershipfm what makes no sense? i was just describing what happened

"People were willing to pay a premium just to get out of their positions. That says a lot, the market didn't trust the Zinc founder at all" 8bitpenis on the Zinc pass market trading above its 15 cent cap "One thing I noticed that was pretty interesting was the pricing of the markets. The proposal's pass market should have been pretty much capped at 15 cents, and everybody who wanted to arbitrage should have been able to, and they did. But funnily enough, there was just so much capital on the pass side that it bumped the price above 15 cents, and it traded there for a significant amount of time" "It was very interesting to see that people are willing to pay a premium just to get out of their positions, or to acquire more ZKFG just to liquidate them. I think that says a lot, not just about the proposal itself, but the fact that people didn't trust the Zinc founder at all" "One of the things I really missed in the proposal is what happens if it doesn't go through. Will the Zinc team just give up and try to run away with it, or will they try to come to a resolution with the holders and investors? That's a very fascinating thing"

@jukan05 Korea will follow every foot step that Japan took. I hope not.

One of the things I learned at ICML this year is that Korea is only pretending to take AI seriously. The hype surrounding Korean AI startups is absurdly inflated, and the same goes for university researchers. Compared with China, we are honestly nothing. Korea needs to copy China’s playbook. We should launch something similar to the Thousand Talents Plan to bring back brilliant Koreans working overseas and aggressively poach top foreign AI talent. Otherwise, Korea will simply become an AI-dependent country.

@24_gutta Robinhood needs to roll out in every regulation one by one. Hyperliquid can onboard 7B immediatelt, no document requireds. I dont think anyone can compete with no KYC.

I simply don't get why HL maxis think Robinhood is not a threat I too believe in Hyperliquid long-term but dismissing every legit competition is not it CRCL dropped like 20% on the news of OUSD (which actually doesn't mean anything but a bunch of logos for now) now imagine Robinhood shipping great perps product (which I think they can and the early traction the chain is getting is indicative of that imo) + ETH getting most of institutional flows cuz of yield and tokenization RWA maybe I'm overthinking this, but the hard road for HYPE is in the bull market?!

@VacuityNomad @blondesnmoney Lol IBKR does have some shitty UI. I wish they copied Crypto CEX.

@blondesnmoney More likely because ibkr just forces people to go long because they'd rather just hold than deal with its shitty UI.

@PhilHedayatnia @sssionggg Normies use binance and hyperliquid, similar UI. Thats how you get started. But maybe every CEX that got PMF got it wrong...

@Richard_ISC @sssionggg But that’s not the target audience for this, right? From Siong’s tweets seems like this is more for normies

GUM private beta is live. i want to share a bit more about what we built and why we are starting with these features. the goal is simple: make onchain trading feel easy enough for everyone, not just power users. invite code: SIONG gum.ag/waitlist/invit…

@PhilHedayatnia @sssionggg The first panel is great for traders.

@sssionggg This looks really visually messy, lots of superfluous interface copy, seemingly vibe coded… the existing Jupiter UX is easier to use. IMO it would be much faster to have a designer think this through from scratch rather than vibe coding it

@pokerchessman @ORE Felt like ponzinomics. Btw, I really like the community & team behind Ore.

If you have heard about @ORE but haven’t yet tried mining it, I’d love to learn about what gives you pause. Please comment for maximum reach. Goal is to hear from at least 10 users. I appreciate the help!

@jcinjpn Cost of stagnation.

The Japanese economy is hiding a an impending recession. Spending behavior is down but people are paying more, a pattern that’s been locked in for a few years now. It’s being hidden by - exporters enjoying a weak yen - the inbound tourism surges Real wages are growing 1% YoY but in the face of interest rate growth and inflation that far outpaces it due to a weakened yen and inbound tourism, the actual buying power is down much more than what economists would have you believe. Government numbers peg inflation in the single digits but housing prices have grown >50% in major and satellite metros and services and consumables all rose above 20%. The canary in the coal mine IMO is seeing advertising rates for inbound tourism eclipse those of domestic. I’m talking a 2/3X CAC multiplier.

@cosmorxn I feel like you were not in fact, qualified.

I feel qualified to chime in here. Being middle class is a relatively new thing for most of the developing world. A table full of food feels luxurious to the Thai, the Turk, the Arab, the Indian, in a way westerners don’t quite grasp. Hunger is too far distant from our psyche. I look at a table like this and I see gluttony and waste. The Turk feels content with the feast laid out before him. The table laden with food represents success to him in the same way westerners view a well manicured lawn or a decent wine collection. They are still at the safety stage of industrialization. Westerners want self-actualization.

@RobertSagurton MetaDAO. The lab + foundation setup is dead.

The 100% buyback a thing of the past? The best question to come out of the token vs equity debate was: what will you do when the LabsCo runs out of capital? And if 100% of perps DEX fees are used for buybacks – you either have to sell tokens or raise equity. Doesn’t it make more sense to take a portion of that fee revenue for ongoing funding? I know crypto hasn’t historically been so into creating profitable dollar based businesses in the past – but maybe it’s time for a (logical) change. So yeah, I predict we’ll start to see that 100% number go down in the future – which will mean someone is thinking about the longer term health of the business.