Little Prince

Bears are calling for new $BTC lows. This is how I expect Bitcoin to move.

Crypto has made everyone so impatient that I've only TRULY realized this after monitoring stocks and reading comments from BOOMERS. After DECADES some stocks are finally breaking out [ranging for what seems like eternity] and I see stoic grandpas saying, "Been in this for 7 years now." SEVEN YEARS, BARELY MADE MONEY ON IT. NO complaints, NO whinging, NO crying, NO NOTHING. Just SOLDIERING the HOLD until it FINALLY broke out. Meanwhile if crypto isn't CONSTANTLY accelerating up only [as we've gotten used to when it was a 'newer' asset class], we all believe it's cooked. We're all spoilt in this game, that's why. You all know the saying: "There are decades where nothing happens; and there are weeks where decades happen." Stocks have clearly entered that mode and crypto, by and large, is about to do the same. Whether it's now or in a few months, who cares? The Wise Old Man held with no worry. P A T I E N C E. A T I E N C E. ~ Dr. Axius.

@armaniferrante @PoLOM_M Твоя мама шлюха

On FUD. FUD is an opportunity to either address misunderstandings or to identify mistakes and simply fix them. With every TGE, emotions run hot, as people focus on a single number, the token price, determining one’s feelings. It’s human nature, and because Backpack has such a large community around the world, spanning from advanced traders in Asia, to wallet users on every network, Mad Lad holders around the world, and everyone in between, the TGE is a time where people vocalize their views. I would like to address several different topics I’ve seen floating around over the past few days to set the record straight and offer my perspective. - OTC. I can’t believe I have to say this, no, we aren’t OTCing our own tokens to cash out. See the tokenomics. Fake news. End of story. What is true: buyers reached out to me and asked for OTC. I am happy to help buyers find more tokens. Unfortunately, due to the bad history of other crypto projects using OTC to cash out, folks assumed the worst when they saw me post about OTC in discord. - Mad Lads. All existing Mad Lad holders pre-TGE retain their Backpack VIP status. New holders do not. Some like this, some hate this. I understand both perspectives. My perspective is that Mad Lads has always been an evolution alongside Backpack. We went from the whitelist games inside Backpack => pre-reveal inside Backpack => reveal boss inside Backpack => xNFT inside Backpack => airdrops inside Backpack => VIP points inside Backpack => the BP token. Each one of these stages created a clear path for Mad Lads to get to the next stage, always focusing on long term holders over people that come and go. There are people that follow the path, and people that do not. There are people that evolve with us and people that do not. Our approach from the day Mad Lads was born has always been to focus people on the Backpack product. Naturally, new people came into Mad Lads with their own pre-conceived notion of what it was or what it should be. This creates tension. But we have always had a strong vision and we will always stick to it. The people that use the product always get to the next stage, where every stage answers a single question: how do we push Backpack forward. When designing token utility, it’s a question of economics, and it would be a disservice to BP to not align incentives around it. There’s an additional nuance worth pointing out: Backpack is different from basically every other product that dropped a mined token because we KYC users and are selective about the regions we open up. Those users have been out of the game, so to speak, not because I want to do that–nothing upsets me more than not being able to serve users in a particular region (what founder would want that?)--but it’s because we have chosen the path of building a crypto native financial institution. That path is long and hard. For these users, we have maintained the path to get to the next stage and have communicated that. When we open up regions, these regions will get their drops, and we will be running new campaigns to get more drops just by using the product, and that brings everyone up to speed with the same VIP benefits of the original pre-TGE seasons. For the long term holders, nothing has changed. The key issue is with respect to new NFT holders. Some people will hate this. Some will think it’s sound economics. I understand both perspectives. We are doing what we think is best. - Sybills. Our goal was to protect retail users competing for points against sophisticated players splitting accounts and giving themselves an unfair advantage over those that don’t. The mistake we made: our process was too black and white. From the team’s point of view, we had a line and we stuck to it. From the community’s point of view, the line is nuanced. We did not sufficiently take that into consideration. - Price/FDV. With every token comes the human nature to think about the price at all times. There are good ways to think about price and there are clearly illegal ways to think about price. Our position is simple, we are building over a long period of time, and we are not making short term decisions. 24h post-TGE FDV is not a meaningful metric. Even 1 week post-TGE FDV is not a meaningful metric. If you ask anyone that’s ever built anything, they’ll tell you the same. Many people will take issue with that statement, and that’s ok. Ultimately, you have to look at our incentives and decide for yourself. The fact of the matter is that the team and I are incentivized to make Backpack a success with arguably the most extreme tokenomics ever created. What happens if the token goes to zero and stays there? Our company fails, and we get nothing. Some people might rebut saying that we get rich from the company revenue. No. That is simply not how companies work. We don’t get rich from a bad token price. We are punished in the most extreme possible way. And we are rewarded in the most extreme way only if we achieve all of our hopes and dreams. The way it should be. This is by design. Beyond this post you won’t see me talk about price or FDV. You will see me talking about building and creating long term value. And it’s only by doing that, can BP become a success. Every project goes through trials and tribulations. This is certainly a moment for us. We are nothing without our community, and we will serve it in the best way we know how. I have complete conviction, I am all in, and the team is all in. Don’t trust us, look at the tokenomics to decide for yourself. Thank you for reading this. Thank you especially to those that have supported us this week. It means a lot. We will continue to review the above, particularly the cases around sybils, and get back to building.

@VitalikButerin Ebanat

💛💙

@VitalikButerin Да пошел ты нахуй, не зря эфир в дерьме

Скоро будет 24 февраля — 4 года полномасштабного вторжения в Украину. Я считаю, что лучше оставить тот день для полной поддержки украинцев. Украине нужно много помощи — чтобы продолжать защищаться и чтобы минимизировать человеческие страдания от атак на жилые дома, энергосистему и т. д. Сегодня выскажу своё мнение с точки зрения будущего России. Я смотрю на эту ситуацию частично с внутренней и частично с внешней перспективы. Я родился в России, моя семья вся русская, но вырос я в Канаде. Политическую ситуацию я всё время наблюдал. В 2017 году даже послал Навальному один биткоин, но сильно вовлечён не был. Я слежу за ситуацией через интернет, как все. И у меня есть свои политические инстинкты после 15 лет в крипте и всякой борьбы в Твиттере (Иксе?). У каждого есть право меня слушать или не слушать — как хотите. Здесь напишу две части: 1. Почему я поддерживаю Украину и говорю, что эта война — преступная агрессия, а не «сложная ситуация, где обе стороны вели себя грязно», как говорят некоторые? 2. Про будущее: сегодняшний «тупик», идея «мира с народом России», и на основе каких идей может быть создано более положительное будущее России, и правильная роль идей «децентрализации», «цифровой демократии» и.т.д.

🚨 UPDATE: $BTC is fully copying the 2022 Bear Market... The final bottom will be set in the next 45–60 days Whales are already accumulating - chance to buy $BTC low... I’ll share next move later - turn on notifications

@termwcg @KittaKitka )

@yozak77 @KittaKitka сори, у меня нет желания общаться с ватой) хорошо что у вас твиттер еще на заблокировали) а то телегу уже вроде сегодня да?😂 все, это мой последний ответ..пока

It was just a joke tweet about tge. But we didn’t sleep - thats true. You can see on a video how our nights look like. Not me. Not my wife. Not our kids. Not even the dog. Because Russia was bombing my city all night. 14 hours. Missiles. Explosions. While some of you scroll. While others argue online. This is my reality. Ukraine. Kids sleeping in metro stations. Families hiding underground. This isn’t “politics”. This is terror. Say it out loud: Russia is a terrorist state.

@termwcg @KittaKitka Тяжело принять тот факт, что вы потеряли безумное количество людей, женщины уехали и кайфуют с иностранцами, мужчины погибли, а те что еще остались вылавливает тцк и бросает на передок. Вы потеряли территории, страна в долгах, а ведь америка не бесплатно выделяла эти деньги…

@yozak77 @KittaKitka я тебя не виню в этом, родину не выбирают) но можно быть немного просвещеннее и смотреть шире, не только национальное телевидение)

@termwcg @KittaKitka К сожалению главный террорист и манипулятор - это Америка. Сливы usaid уже давно все доказали. Для вас русня орки, Путин гитлер и прочий бред, которым вы себя успокаиваете. Тяжело принять тот факт, что западные партнеры вас настроили на войну с РФ…

@termwcg @KittaKitka Ukrainian warriors are sitting abroad and fighting on Twitter instead of defending their land irl.

@yozak77 @KittaKitka Where are you from, warrior? Palestine?

@bl888m Backpack is CEX bro……

Backpack FDV above ___ one day after launch? Market - polymarket.com/event/backpack… > Raised - 37m$ > Fees - ???$ backpack didn’t make it into perp-Dex meta because it launched too early - they missed almost the entire meta and decided to launch in a bad market they raised their ICO from users at a $1B valuation. I’m bearish on the launch and don’t expect them to show a strong valuation, especially with 25% allocated to the community (sell pressure will be significant) my predictions: 500m - YES 700m, 1b, 2b - NO

@bitcatshow @6uRT_sol @skewga_hyper HL supporters are some of the smartest people in crypto! If you're so optimistic about Backpack that's great news.

@skewga_hyper Backpack already has better trading products than Coinbase and Kraken sooner or later Backpack will get all the US licenses and become one of the largest CEXs in the US and the world and i'm saying this as a Hyperliquid supporter

Why would anyone pay $1 Billion for Backpack?

@termwcg @KittaKitka America is also a terrorist country and your country asks it for money and weapons.

@yozak77 @KittaKitka Thanks for the expert opinion. Even if Bruce Lee is president, that doesn't justify russia being a terrorist country!

CT pfp alignment tier list did I miss anyone?

@SuperstateInc @Backpack WAO

1/ Superstate has partnered with @Backpack as the first centralized crypto exchange to support native onchain equities. Eligible non-US investors will soon be able to trade real, SEC-registered public company shares (not wrappers) alongside crypto and stablecoins.

@vladechad @inno_ox @armaniferrante @Backpack @MadLads lol you keep all your crypto on one exchange?😭🤣

@inno_ox @armaniferrante @Backpack @MadLads I'll believe your words once you park all your crypto on Backpack

credit where due. yesterday amidst panic, @armaniferrante was present and helped fixing EVERY problem for the community. was pretty incredible to witness. doubling down on @Backpack - @MadLads.

Men used to go to war, Now they cry in the arms of their wife because imaginary numbers on a screen went POOF. This is further proof that NO AMOUNT of money can unlame you. Everyone talks about, “But so and so is rich!” So and so is an emotional homosexual, what’s your point? Anyway, if you guys lost big yesterday, DO NOT tell your wife or girlfriend, Much less CRY to her. ~ Dr. Axius.

@tensor_hq WAO

Fock it. Bullish on digital collectibles.