Sam

It's easier to believe when there's a understandable narrative, obvious incentives, and a working product

Building in crypto has never been more contrarian yet the infrastructure has never been more ready See you on the other side

@notthreadguy long oil*

the only way to express being bearish stocks is to short crypto

you can’t bundle your way to a great product winners pick one job, do it 10x better than anyone and earn the right to expand

@loldefi was a fun night

Where were for you for the loldefi loldinner at NFTNYC'22?

a lot of people get caught up in farming points and not realizing that the product itself is what matters most high net worth crypto natives have wised up

vol moved to ibkr to trade offshore names, oil/commodities, and crypto segment hasn't been very good either vs. HL best part is you could have caught this move on the go without worrying about AH w/ @joinmomentumxyz

TradFi perpetuals are very clearly one of the new niche areas to build an edge in. Everyone is looking at Polymarket as the next place to find edge, but this is one of the more underlooked areas.

access to inventory and cheaper margin are the biggest reasons people switch from robinhood prosumer apps are having their moment

More and more crypto natives realizing that the game shifted to long tail equities US Stocks = ETH, bridging to BNB = Taiwan/Japan/Korean stocks (high friction)

Prior shitcoin traders telling me to buy Lam Research We really crossed the chasm

Intel going into price discovery after 26 years America is back indeed

. $CHIP is the first alt listing on HL in 2 months good narrative + timing with TAO/VVV on back burner + access to retail listed on all major exchanges including the korean ones respect the pump

@izebel_eth Grand rising

"loot syndrome" loot was a free nft mint that went to 20e + a 70k token airdrop in a week. this was my experience: on august 28th, 2021, dom hofmann (known for founding vine) tweeted about a new project - loot. most nft veterans missed the mint because the name dom was associated with a notorious egg grifter in the punks discord. one of my discords pinged and we started minting. writing random ids into the etherscan contract and getting black squares with text on them. i minted ~10 before it got tedious and collisions started happening. a friend hit the contract to get all the unminted ids, and we minted ~200. then everyone was satisfied. i asked if i could pass the unminted txt file to another discord that was struggling with collisions - this was okayed, and the other group minted another 200-300 this was a saturday night, and it stayed low over the weekend, aside from a couple of friends who were spazzing out buying a ton around ~.2-.4e. then all of a sudden 2e, 6e, 8e floor in a day. people were freaking out. many had no exposure. my two discords were making spreadsheets of how much loot ppl had - 7/8figs of loot individually. the premise of these black squares was a sense of abstract “ownership” over an item set that could be integrated into anything. in 2021 people had a lot bigger imaginations than they do now. i vividly remember as people dreamed of what games could be made, someone v sharp saying “we’re playing the game right now” there were other games to play too - if you caught someone who didn’t realize “divine robe” was a grail line of text on opensea new listings you could make a 4e->40e flip in 5 minutes, and this happened regularly. the kicker was agld, an airdrop of 10,000 tokens to each loot nft. this happened around 2am est, and i remember a 1eth v3 uniswap pool that immediately got sold thru (by one of my discord friends). it was broken at ~.00001e to the downside and people were bummed they missed the free eth. i thought it was actually worth a punt and bought 400k agld from the discords otc at the .00001e broken price - it cost about 5eth. i went to bed, and woke up to agld listed on coinbase. although i sold early, agld eventually ran to a $7 peak and loot peaked at 20e, making it one of the big nft stimulus events of 2021 ive since recognized loot syndrome in other cases, the concept where playing make believe with your investments is fun and almost always over speculative. degen on base/farcaster was a more recent example - vcs on farcaster who got to play make believe with a memecoin. one big downside is the people most incentivized, who hold the asset, are lazy investors and probably not builders. builders want to create their own equity as they build, so there is a fundamental mismatch. finally, i leave you with this parting gift - a chart overlay of sol & loot during that week. i find it very funny that the story above was created because kyle salami made a billion dollars on sol going from 80->120 the previous day and euphoria blasted 10m into the latest nft fad

Almost all of the hot-ball-of-money, reflexive speculation that used to be in altcoins is now in stocks Influencers promote stocks, their followers do basic research via LLMs, and follow them in The companies dump new shares for cash, everyone wins besides the marginal holder

@hansolar21 congrats han!

After having worked with the Lighter team for a year and a half, I've decided to take it solo once again! Funny enough, this all started from a cold DM from Manu back in 2024. Before that, I was basically a hermit mostly just trading and posting on X. Thanks to Lighter I ended up doing quite a bit of traveling in 2025 meeting a lot of my favorite accounts as well as new acquaintances through the role. You need a bit of entropy in your life and there's nothing more chaotic than having 12 meetings in 6 different locations in a foreign city. 🏆Some fun achievements over the past 1.5 years · Grew $100k → $5m → $1.5m(masterclass in roundtripping) · Survived 10/10(just barely) · Traded over $2.2b on Lighter(no fees! yay!) · Created perpetualpulse.xyz to track perp dexes · Launched an extension with a whopping 25 users · Grew the Korean market to the most visited geography for Lighter with the amazing mr @IPALAU1 · Won the Korean community trading competition(there were only 20 of us initially) · Spearheaded the listing of the first Korean perps markets · Referred over 500 traders which did over $15b in volume · Perps e-sports post hit 2m views / 2k RTs · Made it onto a PnL card with the Prof Huge thanks to @vnovakovski, @manud_p, @babastianj and the entire Lighter team. Genuinely one of the sharpest groups I’ve worked with. By no means does this mean I won't be using Lighter or supporting the project. I will still likely be doing most of my crypto/rwa trading here. And I still believe the token is one of the few projects out there that has what it takes to be a top 20 coin. Going forward, I'm planning to: · Focus on running my own book at a higher level · Expand focus into equities and AI · Taking long walks with the dogs again So back to flying solo! Peace✌️

@notthreadguy margin of safety

i was feeling depressed about trading stocks over crypto then i realized ravedao has the same marektcap as hims. maybe this will be fun

@sershokunin @0xCryptoSam @based16z liquidity a bit rough atm

@0xCryptoSam @based16z Hims already live

Hims

The hot ball of retail money that used to be in alts is in long tail equities Matter of time they converge with perps and crossover is complete

There's currently alpha trading 24/7 markets because traditional institutions are structurally set up yet Traders aren't working at night / weekends so there's slower price discovery

@0xNairolf low friction, delightful experience

biggest question for any app rn: how do you reach users outside of crypto? polymarket did it hyperliquid did it some on base did it who next?