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@s_holenstein
You have power over your mind, not outside events. Realize this, and you will find strength.
Katılım Ocak 2018
1.6K Takip Edilen371 Takipçiler
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Thought-provoking read. Don't share all conclusions, but always great to keep an open view for all opinions.
Pillage Capital@PillageCapital
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@SwizzyOnChain @BREAD_ @megaeth I think that the team will decide to go for a broader distribution and not giving out lots of Max Allocation.
But we'll see.
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Now that we have the prediction market bet out of the way with > $1b committed.
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Let's do some distribution math:
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@BREAD_ once said that they want 5k people to have min allocation.
> 5,000 x $2,650 = $13,250,000
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Looking at the distribution, the sum for max allocation looks same hight, let's see how many will get max allo.
> $13,250,000 / $186,282 = approx. 71 (let's make it 75)
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Now the big question is how many more people will get an allocation and how many will get no allocation at all.
We're at 5,075 so far, let's be silly and make the total 6,969, which gives 1,894 people an allocation.
> $22,728,850 / 1,894 = $12,000
This is an average allocation 50% of people will get more and 50% of people will get less.
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How many won't get an allocation?
Currently we have 40,502 wallets that contributed, let's say we end at 42,000 wallets, while only 6,969 get an allocation this is approx. 35k with ZERO allocation!
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Now one last challenge I am setting myself to calculate is, what % of your allocation will you get if selected
this is difficult to calculate as we have a min floor, an uneven distribution within different amounts and towards both ends.
Long story short I came up with 31%, meaning if you're not within the min allocation 5k people, or 75 lucky max allocation people, but still make it into the 1,894 people getting an allocation expect a 69% cut!
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Summary:
> 5,000 x $2,650 = $13,250,000
> 75 x $186,282 = $13,971,150
> 1,894 x $186,282 = $22,728,850
> 6,969 allocations for a total of $49,950,000


MegaETH@megaeth
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After years of running nodes globally, we've learned one truth:
Geographic diversity isn't just nice to have - it's essential for real-world adoption
That's why MegaETH's approach to rotational sequencers moving closer to users is brilliant
Last Friday on Modern Market, my friend @0xBreadguy broke down the architectural choice made by the team to decentralize their sequencer set
What I had never realized, however, is that it wasn't simply multiple providers running sequencers for this novel L2
Instead, the rotational sequencers will effectively "follow the sun" and move to geographic regions where most users are awake, trading, and otherwise using the chain
This will minimize latency as much as possible, leading to a seamless UX that I believe everyone will appreciate
I'll be the first to admit as a fellow nerd, I am a sucker for novel blockchain architecture and this discovery blew me out of the water. I always knew they were going to decentralize the sequencer set, but I never knew that it would involve moving from region to region around the world
Granted, it still leaves me with additional questions, especially about providers needing skin the game by staking their $MEGA tokens to run the node, but I'm keen to learn more and see how this develops
I'm also super grateful for Bread giving GlobalStake and me a shoutout. In due time, I believe more and more people will start to understand the need for our institutional approach
Running fully owned bare metal is one thing
Being SOC2, Type II certified is another
But what many don't realize is that we are decentralization maxis who believe geo-diversity is a fundamental necessity to ensure blockchain networks are robust
It is for this reason we colocate in data centers in US East, US West, and the EU, we are about to go live in the APAC region with a deployment in Tokyo
After that? We'll likely be shipping gear to cover MENA and LATAM, hopefully in the first half of 2026
If you'd like to learn more about GlobalStake or you are building a blockchain and want the most robust enterprise grade infrastructure possible, my DMs are always open 🤝
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The Daily Modern Market Snapshot: Tue 28 Oct
Majors: BTC 114k; ETH 4.1k; SOL 201
Headlines
- TRUMP and MELANIA move up 10% and 20% respectively as Trump suggests China deal will be agreed
- Solana ETF by Bitwise BSOL to launch on NYSE today
- ETH treasury firm ETHZilla sells $40M of ETH to buyback stock
Notable PA
- ZEC - 8% to $325
- TAO +10% to $443
- PUMP +7% to $4.9B FDV
Notables Sales
- CryptoPunk, VR - 100 ETH
- CryptoPunk, Nerd Glasses - 49 ETH
- CryptoPunk, Eye Mask - 49.99 ETH
- Infinex Patrons floor price up another 20% to >$7000 en route to TGE
Web 3 Round Up
- MegaETH already 10x oversubscribed with around $500M of commitments for $50M raise
- Metaplanet begins share buybacks to counter decline in mNAV
- Makina machines now live as Season 1 begins and funds will now be managed by Dialectic, Makina's first Operator
LIKE, COMMENT & RT if you found this helpful


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@programmer @blknoiz06 great stuff, i'm really excited especially for it being the potential solution for content monetization. This could solve the issue of content usage for LLM Training in a fair way. Now it's a question who adopts it first on both ends.
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@lukecannon727 @0xBreadguy @fiege_max Absolutely. mNAV should reflect full dilution, no doubt. I just meant the float impact unfolds over time. New shares only hit the market as warrants actually get exercised. Curious to see how they handle it.
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@s_holenstein @0xBreadguy @fiege_max why would they only be exercised when mNAV > 1? Pretty sure it's just based on price & timing. Either way, an mNAV calculation that doesn't include them is lying imo
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I've decided to bag-up $HYPD when markets open Monday.
Thesis is simple: it's a tradfi cabal stock play on $HYPE
TLDR
→ The CIO which pitched the HYPE DATco strat was promoted to CEO on Tue
→ @fiege_max, who just won the USDH bid with Native Markets, is a strategic advisor
→ It's still just below/at mNAV after catching up from a 50% discount the last ~week
→ Hyperion is positioning as a validator and has been farming Kinetiq+ for awhile (promising to pass on value to stock holders)
→ Tom Lee just retweeted HYPD+SONN from one of his analysts saying "investors love cashflows"
The combination of the above, along with the continued HYPE re-pricing, makes me think this is the cabal play of the tradfi world.
With Hyperliquid ecosystem continuing to be the place where fees are accumulated and most-familiar to tradfi bidders, I think this continues to get outsized growth on top of the raw HYPE upper bound.
Going to drain more COIN position for it.


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@lukecannon727 @0xBreadguy @fiege_max Fair, it’s pre-issued. I meant the effective dilution only hits when those get exercised, likely when mNAV > 1
But yeah, it’s already structurally there.
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