Bade
1.5K posts

Bade
@Badequilibrium
economist, strategist, investor, speculator, NFT bubble survivor 🇭🇰🇺🇸🐈
เข้าร่วม Haziran 2014
579 กำลังติดตาม501 ผู้ติดตาม

@LindseyGrahamSC damn how far is your tongue up Trump’s ass my guy have some self respect
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I was excited to hear that President Trump is open to the idea of being the next Pope. This would truly be a dark horse candidate, but I would ask the papal conclave and Catholic faithful to keep an open mind about this possibility!
The first Pope-U.S. President combination has many upsides. Watching for white smoke…. Trump MMXXVIII!
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@StephenM @WhiteHouse yeah how dare they pillage america by producing cheap goods and selling them to you for money you print out of sky
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@RnaudBertrand they have been incredibly butt hurt since getting kicked out because they posted some “cult of xi” headline to be edgy
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@DeepSeaJellyNFT try to have entertaining replies and engage with other peoples content organically rather than asking for strangers to take time for you
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@argentHQ @DefiIgnas what kind of crappy swap service are you using that this 874 dollar buy is causing a 0.23% price impact on eth
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$ETH looks good here:
Seriously, the catalysts are lining up.
- Leadership changes at EF
- Decision to scale the L1, starting with gas limits but change in mindset itself is important
- Pectra brings EIP-7702 (no f...ing approvals) and the new Open Intents Framework by EF to improve L2 UX
- Tired of memecoins, community shifts to fundamentals
- Hype over MegaETH shows that 1) ppl still like innovative L2s, 2) successful L2 validates modular thesis
- Ethereum is the best chain for asset tokenization. BlackRocks shills it.
- ETH is just down a lot. Same price as 2021 April
Might be my bag bias, but $ETH looks good here.
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@bankless @intocryptoverse the most amazing thing about this cycle is the grifters successfully pushed this “memecoin” label to rebrand what used to just simply and accurately be called shitcoins
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LIVE NOW - Ben Cowen: This Cycle is Broken... Are Memecoins Killing Crypto?
Ben Cowen, founder of @intocryptoverse, breaks down why the current crypto cycle feels different from past ones.
We explore the Advanced Decline Index and how it reveals why Bitcoin is thriving while most altcoins struggle. Ben also discusses the impact of quantitative tightening, the ETH/BTC ratio, and why meme coin speculation is distorting market dynamics.
A must-listen for anyone navigating crypto’s shifting landscape and seeking deeper market insights!
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TIMESTAMPS
00:00 Intro
04:37 Advance Decline Index (ADI)
08:45 Crypto Vibes & Economy
10:26 ETH & BTC Dollar Relation
15:04 Has ETH Gone Home?
20:38 FED & Memecoins
23:58 Take on SOL/BTC Ratio
28:51 Rise of Meme & Alt Coins
31:45 Where the Value Lies in the Market?
39:11 Trump’s Plans with Tenures & Dollar
44:00 Crypto's Bullish Setup vs. Market Vibes
47:35 Meme Coins vs. VC Giants
53:36 Did We Just Skip a Cycle?
59:08 Closing & Disclaimers
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@MagicEden Yes I’m sure all these law abiding guys have no intention of claiming any airdrop
GIF
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@adamscochran probably because there’s a lot of ground between escalation of military conflict and ww3 nuclear apocalypse
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@adamscochran they’re waiting for the word from their bosses on how they want to spin it
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@tripperhead Honestly I know hating on HK is trendy in the west but in what world is HKIA worse than some of those airports in Europe?
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🇭🇰🛬🛫
Hong Kong International Airport up a whopping 22 places to 11th in the latest Skytrax awards.
Joel Chan@kjoules
Skytrax 2024 World’s Best Airports Awards 1 Doha Hamad ↑1 2 Changi ↓1 3 Incheon ↑1 4 Haneda ↓1 5 Narita ↑4 6 Paris CDG ↓1 7 Dubai ↑10 8 Munich ↓1 9 Zurich ↓1 10 Istanbul ↑4 11 Hong Kong ↑22 12 Rome FCO ↑1 13 Vienna ↓2 14 Helsinki-Vantaa ↓2 worldairportawards.com/worlds-top-100…
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@reganbozman very interesting perspective and it’s always good to get fresh eyes on your market. that said I do think your results may be impacted by selection bias, as those who are already into crypto are likely to be the ones who view everything as a casino
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@IraStoll @GrahamTAllison imagine someone actually going to visit the country they’re talking about and getting criticized for it
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Harvard's China Cheerleader: The Douglas Dillon professor of government at the Harvard Kennedy School, Graham Allison, recently back from “9 intense days of meetings in Beijing,” including a discussion with Xi Jinping, is now tweeting out boosterish propaganda about the Chinese Communist economy.
“Contrary to the belief that investors have lost all confidence, private investment increased about 10% in 2023 when excluding the real estate sector,” Allison posted on X. “China’s real GDP (growth minus inflation) is now 20% larger than it was before the COVID pandemic. The US economy has grown by only 8%.”
The statistics are drawn from a Foreign Affairs article, “China Is Still Rising,” by Nicholas Lardy.
I take Chinese Communist economic statistics with same boulder of salt I’d take statistics issued by any other Communist-controlled government. That is to say, they are unreliable. Allison and Lardy treat them as if they are gospel, giving the figures the kind of deferential treatment that the mainstream press and Ivy League professors usually reserve for, say, instant casualty counts from the Hamas-controlled Gaza health ministry.
A working paper from Luis Martinez of the Harris School of Public Policy at the University of Chicago, “How Much Should We Trust the Dictator’s GDP Growth Estimates,” found that “autocracies overstate yearly GDP growth by as much as 35%.” Nor is Martinez the first to make that observation. As his working paper notes, “Previous empirical work has systematically questioned the credibility of the official statistics produced by China’s autocratic regime.” Martinez used nighttime lighting data from satellite photos to check whether the reported growth numbers were real.
A 2019 paper from Brookings by three Hong Kong-based scholars and one from the University of Chicago, “A Forensic Examination of China’s National Accounts,” found “China’s national accounts are based on data collected by local governments. However, since local governments are rewarded for meeting growth and investment targets, they have an incentive to skew local statistics.” Even the local statistics are then subject to “adjustment” at the national level.
None of that is mentioned by Allison or by Lardy, who appear just to take for granted that the Chinese Communist data is trustworthy.
Lardy claims it is a “misconception” and “not supported the data” that “Xi had undermined investor confidence; entrepreneurs no longer saw the government as a dependable steward of the economy. So long as Xi is in power, runs a common argument, entrepreneurs will continue to hold back on investing in China, opting instead to funnel their wealth out of the country.” Any American noticing Chinese buying expensive real estate in Boston, New York, and Miami will have a hard time dismissing the “funnel their wealth out of the country” claim as a “misconception.”
At least Lardy nods vaguely in the direction of “problems… resulting from Xi’s efforts to exert greater control over the economy.” Professor Allison doesn’t even mention that.
Nor do either Allison or Lardy mention what the U.S. government says is China’s ongoing genocide against Uyghurs in Xinjiang.
Here is one Chinese economic statistic you can believe, courtesy of CNBC, as of April 3, 2024: “Stocks in China and Hong Kong sold off a massive $4.8 trillion in market capitalization since 2021.” Without rule of law and strong property rights, why invest there?
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@waleswoosh wouldn’t be the first time he’s dropped $POOP on doodles holders
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