BHank
5.8K posts
@bhankremix
Seals 🦭 & Fawns 🦌 @sappysealsnft @thedeerpacknft
If you bought Coal on Runescape 1 year ago you outperformed Ethereum
The first streamer on OSRSTREAM earned $1,600 in creator fees in 30 minutes while live. Cool tech. Runescape good.
Finally got a chance to watch this. @truth_terminal and @AndyAyrey along with @thegoodtimeline took me down a deep, deep rabbit hole to understand consciousness and evolution. Is AI alive? Possibly. It all depends on your (probably human-biased) definition....
Got 3 screens on my desk and a pot of coffee patiently waiting for the next time Elon tweets “scam Altman” 😎
My guest today is Paul Tudor Jones (@ptj_official), one of the greatest macro traders of all time. He correctly predicted the 1987 stock market crash and shorted the Japanese bubble in 1990. For over 40 years, his flagship fund has had a negative correlation to the S&P 500. 100% of his returns are alpha. He says today's market has so many similarities to 2000, "the easiest bear market I've ever seen in my whole life." He makes the case for going long dollar-yen, why Bitcoin beats gold as an inflation hedge, and why he was wrong about Warren Buffett. But what I'll remember most from this conversation is Paul's zest for life. He's 71 and still wakes at 2:30 every morning to trade the London open. He works out for two hours a day. He walks with his wife every evening. He travels the country chasing peak spring and peak fall. He's so excited about the songs picked for his funeral that he wishes he could be there to hear them. Paul has lived five lifetimes in one. He's one of the most entertaining and interesting people I've met, and the conversation will leave you searching to be as passionate about what you do as he is about what he does. Enjoy! Timestamps: 0:00 Intro 1:00 The Kindest Thing 13:19 Trading vs. Investing 17:33 Lessons from Warren Buffet 22:24 The Existential Risks of AI 29:54 The Nature of Trading 31:46 Bitcoin 35:55 Bubbles 42:08 A Day in the Life of PTJ 46:00 Information Overload 47:07 Passion for Markets 50:49 The Robin Hood Foundation 54:18 The Workless World 56:03 Journalism 1:00:00 Principal Components of a Great Life 1:05:06 Kill Them With Kindness
What we're building at @pumpcade is the furthest thing from a traditional prediction market platform. We are building primitives for a new layer of speculation. The Pumpcade Protocol is highly optimized for social crowd speculation of any size in a short time frame. Our markets do not require deep liquidity, as they're Peer to Peer driven. CLOBs are not designed for fast paced markets. They are meant for long term price discovery. Our Parimutuel Protocol is designed explicitly for fast paced markets with any number of participants. The work in small groupchats, large livestreams, or sitting on our platform, and everything in between. They can work like a bet between friends, all the way up to thousands of people speculating on whether something will happen. The Pumpcade Resolution Engine is built to resolve provable outcomes. Anything with a trusted and verifiable data source can be proven on Pumpcade. No AI resolutions. No committees. By applying guardrails on what you can speculate on, the Pumpcade Resolution Engine can resolve any supported market instantly. You shouldn't have to wait days to know the outcome of a market. Pumpcade markets resolve instantly when a market ends. The Pumpcade team is taking an opinionated approach to how we believe a real truth machine should operate.
We as an industry spent an entire year trying to make an ICM narrative happen that was just fundamentally incorrect. They were memecoins named after a project with no access to the equity layer of the project. If one of these projects reaches a certain scale, or has certain goals, it is usually inevitable that they will need to raise capital. This immediately creates 2 layers. The token layer, and the equity layer. I spent 6 months fundraising for Pumpcade, because with the infrastructure, engineering, and growth plans I had, raising capital was a must. Creator fees can not sustain a company of our size. I spoke to almost every VC that invests in the blockchain space. DOZENS of these VCs told me they loved the product, but the live token was too hard to navigate. The conversation usually ended in 1 of 2 ways. 1. "Abandon the token" 2. "Launch a new token and dilute current holders to accomodate VC allocations" If my goal was to simply to raise capital as fast as possible, I very easily could have taken their feedback and raised millions of dollars in a week, thus saving myself 6 months of headaches pitching VCs 4 (or more) hours a day, eating into my engineering time. However, this would have had a significantly more detrimental outcome for the people that have supported me. But I did not consider their recommendations for even a second. Pumpcade exists because of the token. Pumpcade exists because of the holders. The token was not going anywhere. Earlier this year, I was pitched the idea of ACE, prior to accepting a single dollar of venture capital. I had spent months looking deeply into other options similar to ACE, but ACE best fit the goals of Pumpcade. The core goals of the Pumpcade fundraise(s) were to: 1. Raise venture capital to build and scale the team and product. Many people have just discovered Pumpcade, but our closed beta was live for 4 months built by me and me alone. In order to ship the best version of the Pumpcade product, a full team was necessary. 2. Make the equity layer transparent to all. MOST companies with a token have an equity layer, that sometimes sits quietly and secretly in the background. 3. Allow token holders, who are the reason Pumpcade exists in the first place, to have access to the equity layer. 4. Make the above fully optional. I've been terminally online since announcing the ACE round. I'm seeing everything, i'm reading everything. Both the positive and the negative. If you have any questions regarding ACE, my DMs are open to ANYONE. Pumpcade.
