Tamma
3.9K posts

Tamma
@tammazor
Proud owner of @ThePlagueNFT and @CannaSapiensNFT
Katılım Kasım 2021
730 Takip Edilen359 Takipçiler

🚨 BITCOIN MAX SUPPLY IS NO LONGER 21 MILLION NOW.
And this is what causing market's crash.
If you still think Bitcoin price is moving only because of spot buying and selling, you are missing the bigger picture. Bitcoin no longer trades purely as a supply demand asset.
That structure changed the moment large derivatives markets took control of price discovery.
And that shift is a big reason why price behavior feels disconnected from on chain fundamentals today.
Originally, Bitcoin’s valuation was built on two core ideas:
• Fixed supply of 21 million coins
• No ability to duplicate that supply
This made Bitcoin structurally scarce.
Price discovery was driven mostly by real buyers and sellers in the spot market.
But over time, a second layer formed on top of Bitcoin, a financial layer.
This layer includes:
• Cash settled futures
• Perp swaps and options
• Prime broker lending
• WBTC products
• Total return swaps
None of these create new BTC on chain. But they do create synthetic exposure to BTC price.
And that synthetic exposure plays a major role in how price is set. This is where the structure changes.
Once derivatives volume becomes larger than spot volume, price stops reacting mainly to real coin movement.
It starts reacting to positioning, leverage, and liquidation flows.
In simple terms:
Price moves based on how traders are positioned, not just on how many coins are being bought or sold physically.
There is also another layer to this, synthetic supply.
One real BTC can now be referenced or used across multiple financial products at the same time.
For example, the same coin can simultaneously support:
• An ETF share
• A futures position
• A perpetual swap hedge
• Options exposure
• A broker loan structure
• A structured product
This does not increase on chain supply. But it increases tradable exposure linked to that coin.
And that affects price discovery.
When synthetic exposure becomes large relative to real supply, scarcity weakens in market pricing terms.
This is often referred to as synthetic float expansion.
At that stage:
• Rallies get shorted through derivatives
• Leverage builds quickly
• Liquidations drive sharp moves
• Price becomes more volatile
This is not unique to Bitcoin. The same structural shift happened in: Gold, Silver, Oil, Equity indices.
Once derivatives markets became dominant, price discovery shifted away from physical supply alone.
This also explains why Bitcoin sometimes falls even when there's not much spot selling.
Because price pressure can come from:
• Leveraged long liquidations
• Futures short positioning
• Options hedging flows
• ETF arbitrage trades
Not just spot selling.
So the current Bitcoin decline cannot be understood only through retail sentiment or spot flows.
A large part of the move is happening in the derivatives layer, where leverage and positioning drive short term price action.
This does not mean Bitcoin’s supply cap changed on chain.
The 21 million limit still exists. But in financial markets, paper Bitcoin is now dominating and this is what's causing the crash.


English

@SapphireTech I bought this motherboard and was very upset. firstly, resetting the BIOS is very difficult...you need to turn off the PC, pull out the power cable from the PSU, then close the contacts, and then wait about 5 minutes..5 minutes!!!! Then connect the power cable and turn on the PC
English
Tamma retweetledi

As a hamster in BD, you regularly get… pitched for casual "nesting."
This is a real problem.
Here’s my experience and how I’ve coped. 🧭
For the first 2 years, I wore my $GRIND hat religiously, like a tiny military uniform. On panels, during pitches, on the conference floor - you’d never catch me without it.
It worked to a certain extent. The message couldn’t be more clear: "Hi, I am here to shill $GRIND, not mate." HOWEVER - because I am a hamster (small, round, fuzzy, tragically adorable) - humans constantly underestimated me. With my little pink hat, I was regularly passed over at BD events or assumed to be someone’s mascot, not the founder-CEO of $GRIND. One time I even got ID’d.
Another time the hotel front desk flagged me as I waddled in for valet parking - they must’ve thought I was some confused emotional-support rodent who wandered into the Ritz, where the event was held.
And yet… it still didn’t block all contact. The most extreme case: A human approached me appearing to want a job. He went on to message me every day on TG and call every other day, taking up 40–50 hours of my total hamster lifespan. Maybe more. At first, I thought he was just a high-maintenance engineer who enjoyed excessive sharing during recruiting - his dog, his plants, his first tattoo, his childhood best friend, his mom, dad, ex, a rock he emotionally imprinted on… I was willing to invest the time. Mentor him. Build connection. Then, a year later, I saw a message thread he sent to another girl he was romantically involved with - the exact same content. That’s when it hit me:
He had been trying to flirt with me.
Him. With me. A hamster. Huge waste of my time.
After that, I started entering more rooms with senior executives - Sony, Xeet, Robinhood, etc. And I realized: while very tech-coded, looking like a high-school-age hamster was making me stand out in a strange (and not helpful) way. We autists have a social sense too - just slow and fuzzy, but it’s there.
So I switched strategy. From then on, I always showed up to events with a male companion.
Either my own BD team @Pons_ETH - or someone borrowed from a trusted crew, like BD leads from @AbstractChain or $GUGO (I know, right?) Fortunately (or unfortunately), crypto events are very vibe-y.
One time we attended a beachside swim with the Retsba Foundation - one of the best events at ETH CC by @retsbaxyz . It was also prime grounds for humans looking at hamsters in bikinis and asking for IG accounts. Having a trusted companion helps a lot in these situations. (@PurgyPengoon from $GOONER as seen in the photo!)
Usually, after these kinds of bad experiences, I have a mini breakdown - a pang of fear and anxiety - and end up acting out in one way or another. Sometimes it’s an aggressive pitch to a trusted friend (“Buy $GRIND RIGHT NOW” or “I need your quant, I DO NOT CARE”), other times it’s finding a friendly gay human and clinging to them tightly. In any case - it’s not fun.
Alas, this is my experience. I don’t have a solution.
But at least I’ll talk about my problems.
Happy December! 🐹



English
Tamma retweetledi

Just created an awesome video using the Video AI GPT by @invideoOfficial - invideo.io/ai/video-gpt/
English

🚨 1958 ENCYCLOPEDIA MENTIONS A 13,000-FOOT “DOME” IN ANTARCTICA - THEN IT DISAPPEARED
A man cracks open a 1958 Encyclopedia Americana and finds a line no one talks about: U.S. flights over “unknown parts of the continent” discovered a massive dome rising 13,000 feet high near 80° South, 90° East.
This was printed before the Antarctic Treaty, before the entire region was sealed off from public access.
A dome. In Antarctica. Documented in print. Then scrubbed from later editions.
What did they see down there and why was it buried?
English

@Irishmikeys I didn't even know that person existed, been in the Pond for two years now....
English
Tamma retweetledi
Tamma retweetledi
Tamma retweetledi
Tamma retweetledi
Tamma retweetledi

Proud of my frogs when I see @ThePlagueNFT doing so much good!
Pons Asinorum@Pons_ETH
Sometimes when I get frustrated with @ThePlagueNFT performance as an asset.... I think about all the good we have done in the world. I think it is important to share those things every once in a while... so below is a thread of some (but not all) things we have done since mint
English

500$ of $PENGU giveaway
With Pengu hitting ATHs it feels appropriate to share some of my bag with others. To enter:
- Follow me @0xBossman
- Tag a couple homies
72 hours
⏰
English























