Huripoo (insolvent)

@gumsays Man I just fucking manually arbitraged SOLANA. I fucking love you fr.

girlfriend

gud algo

I am increasingly uninterested in arguing with people about what is abundantly clear to me

@CryptoCred Ok no but fr what does this all mean. Need your thoughts.

Crypto used to be the frontier for speculation. This came in two forms: 1. Genuine interest and optimism in the underlying tech and potential use cases. 2. High inefficiency and low institutional/professional participation, which resulted in high volatility and good trading conditions for retail. That has changed. AI is the frontier for speculation, and has many more tangible use cases and impact than crypto in a much shorter time frame. Crypto has some cool stuff but use cases have generally converged towards speculation, and the memecoin cycle/max financial nihilism + crime cycle brought out the worst of that paradigm. Retail got siphoned into short-lived, extractive scams and insider-bundled shit sandwiches with a million different tokens instead of participating in public, liquid markets. In 2017 we all felt like geniuses for a while (before losing everything) because massive trend and momentum effects were both lasting and also easily accessible via centralized exchange listings. Even after losing money, the temporary wealth effect made us come back believing that we could do better when (more of an ‘if’ at the time) the market recovers. That’s quite different from being sent into a launchpad abattoir where the lifespan of a coin is measured in hours and if you don’t get lucky or have inside information, you’re down 99% within a day. It shouldn’t be surprising that retail traders prefer 0 DTE options, equity futures, metals, and basically anything other than crypto (with the slight exception of prediction markets). So what does this all mean? I don’t know, I didn’t think that far. I’ve spent 9 years in this industry, I’m unemployable, have no skills, and have formed an emotional attachment to my abuser. Looking forward to seeing you all in the permanent underclass living pod. Cheers

alt szn :}

Alhamdulillah.

@NewsyJohnson >this spot chad is a little bothered

@blknoiz06 If hype is undervalued isn't pump undervalued a lot more?

brutal

@DonAlt What are the levels u can't resist.

Lucky exit, dodged a 30% drawdown on BTC and much more in alts Just gonna continue to chill until something catastrophically breaks or we hit levels I just can't resist (Or the unlikely case that we show some strength and reclaim some levels we've lost in the last couple weeks)

@ibuyrugs banger

Has anyone considered prices are down not because of 10/10 and binance but because the coins are worthless?

@trading_axe beautiful

They gave the boomers a taste of 10/10. ~ Dr. Axius.

Overhated: crypto degens. Disadvantaged third-world strivers with self-made dreams, psychedelic hyper-futurism, deep New Media lores, no boomers, volatility, exotic financial instruments… One always tries to check oneself, but the charm… is undeniable

Everyone's sharing that "Long Degeneracy" article and nominating it for article of the year with 20m views. I just got around to reading it…overall, I get it. It's well written, emotionally resonant, and captures something real about generational anxiety. I like the author, I subscribe to their stuff… talented Quant. But nobody's pushing back, so let me while I watch my kids at the pool. My main pushback is this: the article is a suicide note dressed up as investment advice. I REFUSE to hand my agency to "the house." The moment you accept "the game is rigged so I might as well gamble," you've surrendered. You've quit on the process that actually works because someone convinced you it doesn't. There are no easy buttons. No shortcuts. No magic money options. There is only learning, sacrifice, and continual grit. It tells a generation they're prisoners. Then it sells them a lottery ticket and calls it freedom. Then it tells YOU to invest in the prison. That's not analysis. That's despair with a ticker symbol. The author spends 2000 words empathizing with young people as "prisoners" trapped by a broken economy… then tells you to invest in the platforms extracting fees from their desperation. "Long Coinbase, long DraftKings, long the casinos." Read that again. The thesis is: a generation is so economically desperate they're turning to gambling, most will lose, and YOU should profit by owning the house. You can't weep for the prisoners and then sell shares in the prison. Pick one. 4 points I want to make.... Pushback 1: "Closed" is doing a lot of work The claim that traditional wealth building is "closed, not difficult" is asserted, not proven. The boomer vs millennial wealth stat is misleading… it compares 65 year olds to 35 year olds. Of course boomers hold more wealth. They've been alive longer. Housing is brutal in coastal cities. But median home prices in most US metros are still accessible to dual income households. "Wages up 8% while housing doubled" has no timeframe and cherry picks the comparison. Real wages post 2020 have actually grown. Is it harder than it was? Yes. Is the game "fundamentally broken"? That's a much bigger claim requiring a much longer discussion. Pushback 2: Negative EV doesn't become rational just because you feel stuck The core logical move is: "if you're trapped anyway, a 5% chance of escape beats 100% certainty of stagnation." But gambling doesn't leave you "still stuck." It makes most participants actively worse off. That 5% moonshot comes paired with a 95% chance of losing your savings, your rent money, your runway. The author admits "most people lose" then hand waves it because gamblers "understand the odds." But understanding bad odds while taking them isn't rationality. It's emotional capitulation wearing economic language as a costume. This isn't a generation finding a path out. It's a wealth transfer mechanism moving money FROM desperate young people TO platform operators. Pushback 3: The article accidentally reveals the real problem The author admits social media has "repositioned the zeroth line" so people earning $150k feel poor. Admits the algorithm ensures "you never feel like you've arrived." Admits basic needs are met and there's "cognitive bandwidth" for existential questions. But wait. If the problem is FEELING trapped due to infinite upward comparison rather than BEING trapped… gambling doesn't fix that. You could 10x your net worth and the algorithm will still show you someone richer. The "Maslow trap" section accidentally confesses: this generation isn't imprisoned. They're dissatisfied. These are different problems. Pushback 4: I don’t have enough FAITH to live in a world without God This is the part nobody wants to hear. The entire thesis rests on a materialist assumption: your life's meaning is determined by your net worth, your house, your access to experiences. If you can't get those things, you're "imprisoned." If you can, you're "free." That's spiritual poverty masquerading as economic analysis. Jesus said it plain: "What does it profit a man to gain the whole world and forfeit his soul?" The author's answer is apparently "at least you beat the algorithm." My BIGGEST problem with the article isn't economic. It's theological. It assumes the highest human need is "self actualization" through financial success. That Maslow's hierarchy is the truth about human nature. That if you can't afford the vacation and the house, you're missing what makes life worth living. That's not wisdom. That's the prosperity gospel without the gospel. No thanks. The reason this generation feels trapped isn't because housing costs went up. It's because they've been handed a worldview where meaning comes from consumption, identity comes from status, and hope is a betting slip. When you build your life on that foundation, of course you feel imprisoned. The cell is interior. Real freedom isn't financial. It never was. The peace that passes understanding doesn't require a Polymarket account. Eternity is a LONG time. So what's the alternative? First: Exit the comparison machine. The author correctly identifies social media as manufacturing infinite dissatisfaction. The answer isn't to gamble your way to a moving target. It's to stop letting an algorithm define your "zeroth line." Your reference class should be your actual life, not curated highlights from 8 billion people. Delete the apps. Touch grass. Go to church. Give yourself to something BIGGER than your net worth. Second: Skill acquisition still compounds. The article mocks "getting better at your job" as boomer advice. But the same young people pouring hours into memecoin research could pour those hours into skills that compound. The difference is skills don't have a house edge. Coding, sales, writing, trades… these translate into income whether the market is up or down. AI is changing which skills matter but it's not eliminating the returns to expertise. It's concentrating them. Third: Asymmetric bets exist outside casinos. If you want convexity, build something. Start a business. Create content. Ship a product. The difference between entrepreneurship and gambling is you're building equity in something that can compound, not burning capital on negative EV. Fourth: Anchor your identity somewhere the market can't touch. If your sense of self rises and falls with your portfolio, you're a slave. If your hope depends on a moonshot, you have no hope. The man who knows who he is in Christ doesn't need a 100x to feel like his life matters. He's already free. That's not copium. That's the only foundation that doesn't move. The real trap The article's framing is seductive because it offers absolution. You're not making bad decisions. You're rationally responding to a broken system. The house always wins but at least you're playing. The framing IS the trap. The economy is harder than it was. Housing costs are real. AI anxiety is real. But "harder" isn't "impossible," and the author's solution… becoming a customer of fee extracting platforms or an investor in them… doesn't help the people he claims to sympathize with. It helps the house. Here's what actually works. -Wake up early. Get after it. Be Relentless. -Spend less than you earn. No excuses. -Acquire skills that compound. Every single day. Stack them. -Build things you own. Equity, not lottery tickets. -Get your body right. Discipline starts physical. -Get your soul right with the Lord. My closeness with the Lord has grown MORE in trials and tribulations than any fancy car. -Exit the comparison machine. The algorithm is not your friend. It's your enemy. -Find your people. Real ones. In person. Build a family. Build a group you trust. -Serve something bigger than yourself. -Pray. Not as a last resort. As a first principle. Daily. -The path is painful. The path is boring. The path requires years of work that nobody will clap for. But it's the path that works. The casinos will keep taking their vig. The gurus will keep selling hope. The algorithms will keep showing you what you don't have. Let them. You are not a prisoner. You are not a degenerate. You are not a customer. You are a free human being with a soul that matters and a life to build. So build it through active faith, aggressive patience, and a mindset geared towards eternity and not your bank account.

you met me in a rather illiquid period of my life

@Treggs6 disabled take.

This debate of whether prediction markets are gambling or not is bewildering to me. Nearly every decision in life is a gamble. Your mode of transportation, your career choice, the food you eat, etc. Embrace the uncertainty. It's what makes life worth living.

@shaams @_TJRTrades is actually rlly dumb so not surprised.

can anyone explain how someone would flip $100 to $1m in one month with prediction markets (was very possible during Q4 '24 SOL trenches) genuinely asking because i'd love to do this myself if it was possible, but i don't think it is saying pumpfun & prediction markets are similar with regards to the potential wealth effect is false imo, @_TJRTrades once again showing that he doesn't know what he's talking about PM upside is inherently capped on a trade-by-trade basis whereas upside is infinite for memecoins so although PMs might be more appealing to retail, memecoins are inherently a better casino

All the smart people I know are risking everything they have in startups or hedge funds… All the mid iq people I know are like L6 FAANG engineers who rock climb.