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@ren_01011

Product designer exploring the web3 space.

Europe Katılım Temmuz 2021
773 Takip Edilen532 Takipçiler
Mando
Mando@rektmando·
@osf_rekt @RaoulGMI 100% conviction there is money to be made healthy conviction this could all be considered a larp in the future
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Raoul Pal
Raoul Pal@RaoulGMI·
Unpopular opinion - I think the current AI “agents” theme is mid curve and took off because nothing else was going on to amuse the chronic gamblers. (Ducks out of the room)
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RΞn
RΞn@ren_01011·
@EvgenSkydan A6LJxWcvS6YCruqdSKxd5ViswerqC49DG35SF82LzdUr
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RΞn
RΞn@ren_01011·
@jaccsol A6LJxWcvS6YCruqdSKxd5ViswerqC49DG35SF82LzdUr
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RΞn
RΞn@ren_01011·
$YUKI
QCT
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Sterling Crispin 🕊️
Sterling Crispin 🕊️@sterlingcrispin·
I'm seeing a lot of fund managers and old heads on the timeline disparage meme coins for being stupid, valueless, or not solving problems. But those accusations misunderstand what meme coins are and why they're thriving. Young people can't see a path to wealth or home ownership. Most americans think its unlikely the younger generations will reach a better standard of living than their parents. We don't believe in the american dream anymore. These days most young people want to become famous streamers, not get into STEM careers. And everybody is extremely addicted to their phones with absolutely obliterated attention spans. We have a chronically online adhd population who doesn't believe in the american dream looking for a way out. And so get rich quick opportunities have emerged to satisfy those desires. It's been a perfect storm of forces combining with Robinhood, the pandemic stimulus, the GameStop short squeeze, the '21 crypto bull run, and the normalization of sports gambling all screaming in our faces that there's a chance to escape the 9 to 5. Meme coins were around before all this, but they've emerged from these conditions and cemented themselves into a growing number of peoples minds as a path to Make It. The fact that they're absolutely stupid is a feature, not a bug. It helps them reach the most number of people. The most successful meme coins are the lowest common denominator. The top 100 meme coins are overwhelmingly cats, dogs, or farm animals of some kind. They communicate to the majority of young people who are chronically online dopamine junkies with executive function disorders. Coin has dog. The meme coin market cap is over $122 billion. Doge is worth more than Volvo. If you're doing fundamental value analysis on commodities and securities this is all going to look like the world has gone crazy. And in a lot of ways it has. But meme coins haven't tricked the world into valuing them. Rather, societal conditions demanded they existed. We've collectively summoned them into existence through our adhd, chronically online lives, and distrust of the american dream. I think it's easy to argue that those conditions shouldn't exist. We shouldn't be online so much, we shouldn't be indoors by ourselves so much, we shouldn't be locked in to low wage jobs, houses shouldn't be so expensive, etc. But being angry at meme coins is focusing on a symptom not the cause. If you're working a poorly paying job you hate, looking at houses shitter than your apartment with mortgage payments twice your rent, you've got student loans you'll never be able to pay off, and no way of saving or investing to out pace inflation, then trying to gamble your way out of hell on dog coins might sound pretty good. Beyond that, young people do value memes. And it makes sense that if you create some viral post you should get paid for it, not just the platform you posted it on who's using it to boost their advertising revenue. Are meme coins the best medium to monetize viral ideas and put some valuation on them? Maybe not. But the fact that it can give creators some stake in their success, rather than just big corporations like youtube or facebook, seems like an opportunity. The fact that meme coins have so much volatility is dangerous and it's really easy to lose your money. But that's also what gives you a chance at making it. Norm MacDonald has a couple of good quotes on gambling, and these three are the TLDR if you aren't reading all this "I remember a psychiatrist once telling me that I gamble in order to escape the reality of life, and I told him that’s why everyone does everything." "As long as the red dice are in the air, the gambler has hope. And hope is a wonderful thing to be addicted to." "Yeah man, they call gambling a disease, but it's the only disease where you can win a bunch of money."
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RΞn
RΞn@ren_01011·
I am one of the faithful, a disciple of the cult of memes We are going much, much higherrrrrr Signature: 0x138b4aaf26e79cbfaa5aa4f6b00f070f651064cd71f09d942b3b075f6f6d4c0e4560a3b8dc0a959b683cb2ef62784896ada48c97c253ae008646cabfb0023b271b Pledge: higherrrrrrr.fun
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RΞn
RΞn@ren_01011·
RΞn tweet media
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Murad 💹🧲
Murad 💹🧲@MustStopMurad·
Money isn't made in the Trading. It's made in the Waiting.
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DeeZe ⛳🏌️‍♂️
The most hilarious outcome would be for blast gold to be worth $0
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RΞn@ren_01011·
Short term memes > majors
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palmer // not for everyone
palmer // not for everyone@bitcoinPalmer·
Trustworthy accounts on cryptotwitter Disclaimer* anyone can get hacked always DYOR these protocols are TRUSTLESS for a reason - @cobie goated account, OG of the ogs - @gainzy222 gainzy bot, chartist and $zec proponent kek @inversebrah OG crypto account the wassie originator, “smol ting” creator of “get me in lil shid” @Jebus goated crypto account man of many alts and talents @muzzyvermillion - aka jingtao aka Mr business aka lindy aka ctawmgod tldr 🐐 @icebagz_ creator of the fake @tier10k bangers, founder of pandas @Tradermayne king of TA and thecharts 📈 @RookieXBT - only guy that actually gives away money and not a scammer, young handsome talented chad @karbonbased - the only hacker of a protocol I’ll feature on my list, hopefully gets caught soon @barneytheboi - OG account, based dev, celebrities should dm Barney only to get him to launch their tokens @blknoiz06 - z, main character, 2017er, one of the few newsletters that was good @andy8052 - top shot king, based dev, made more on nfts than you, bestball king @sobylife - founder of matic aka polygon aka xai @loomdart -aka blueberry, chief simp officer @CL207 - egirl capital, uses a 100k sock as a dumpster for his offspring, @Cryptopathic - creator of “the tweet that saved the market” @SizeChad - the official size chad account and face of arbinauts etheriums l2 @DeeZe - cheif vibes officer of ct, bought punks before they were cool, BBM 2024 champion, smokes weed @donalt -og, chartist, pretty good at calling tops and bottoms doesnt care if you disagree @CryptoHayes - og gigabrain goated account, creator of bitmex, has dumped on you more than once @KeyboardMonkey3 - kick started the great nft bull run of 2021 (thanks for buying that hashmask bro) @icebergy - og account, the timeless ice berg, based dev, creator of @CryptoWhalebot @CryptoKaleo - Gods chosen warrior of ct, chartist extraordinaire, @capitalgrug - Grug, likes rock, creator of MEV on both ethiruim and solana Not an all inclusive list but should get you started
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RΞn@ren_01011·
Crypto has created a generation of gamblers
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RΞn@ren_01011·
Majority of nfts are dead - the promise of actual utility did not exist but this left a use case for meme coins. There is no promised utility from the start, there is little onboarding friction. Download phantom -> buy tokens. No meta mask, no opensea and pretty much 0 trade cost
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RΞn
RΞn@ren_01011·
What gives a meme coin value? The attention value. The more attention a coin has the increase in price. Also with the increase in price the rise in attention, which can create a parabolic cycle.
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RΞn
RΞn@ren_01011·
Study attention economics. 🧵
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RΞn
RΞn@ren_01011·
@ggaryplayz A6LJxWcvS6YCruqdSKxd5ViswerqC49DG35SF82LzdUr
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K A L E O
K A L E O@CryptoKaleo·
Here's your alpha: The frog and the dog.
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Raoul Pal
Raoul Pal@RaoulGMI·
Remember: No leverage No FOMO Top 3 to 5 assets as main bag Self-custody (or multi-sig) with good wallet hygiene Only trade a small Degen bag <10% HODL over a longer time horizon Zoom out and remove the noise Expect 35% pullbacks frequently BTFD if you can #DFTU
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