jmanrand.eth | NT S2 #2364

All my favorite coins are pumping

I round tripped 8 figures last cycle. A few things I learned: - It’s almost always better to sell too early and miss out on gains, then to hold too long and round trip the bag. This is because eventually, almost everything trends to zero, so even your “early sell” is likely going to make you look like a genius in a few months/years - If you ever take a PnL screenshot of how much you’re up, sell. You don’t have to sell your entire position, but it’s usually an excellent time to at least trim 20-50% of it. - Most people on this app have absolutely no idea what they’re talking about. Often the loudest and most confident voices know the least, while the quiet and self questioning ones are full of wisdom. - You can’t borrow conviction. If you buy something because someone else did or told you it was “a hidden gem”, you’re almost guaranteed to fumble the bag. They’ll dump on your head while you’re still anxiously waiting for their next tweet or YouTube video to tell you what to do. - Stop trying to impress people. This is just good general life advice, but it applies triply so to this space. Wanting to impress your friends and family is one thing, wanted to impress random anons on the internet? Insanity. - There’s Bitcoin, and then there’s everything else. It took me too long to truly realize this. Yes alts can and will occasionally outperform - sometimes for long stretches of time - but basically everything bleeds to Bitcoin over the long run. - Most people try to outperform Bitcoin by trading these alts; probably leas than 5% of people can actually accomplish this. It’s like trying to outperform the S&P 500. Most people are better off just buying the index. - This place has a way of warping your perspective to a level that is literally bordering on mental illness. Many of us refused to sell jpegs of a list of words for $50,000 last cycle because we thought “it’s undervalued”. Many otherwise smart people. You are not immune. Herd mentality is real, it takes *a lot* to swim against the current around here. You should try. - Extending from that point, try and zoom out and also spend time with non-crypto people. 1 SOL or 0.08 ETH can seem like not significant amounts of money (unit bias is real), but add up how much that is per day or year and think what you could do with that money IRL. Also, most people are thrilled to earn a 10% return on their investments in a YEAR, and rightfully so. That’s a great return, crypto just warps everything. - Compound interest is mind boggling powerful. You don’t need to find a 100x, you’re usually way better off stringing together a bunch of 2x plays or even compounding at 10-50% a year (do the math, do you have any idea how insane compound interest is at high %s over a bunch of years?) - Put another way: “Most people overestimate what they can achieve in a year and underestimate what they can achieve in ten years.” If you found this insightful, all I ask is that you drop a bookmark, share with a friend, and/or subscribe to my newsletter where I share a lot more 🙏 Cheers

@CryptoTaxSucks Gotta get big brother @elonmusk to put this on the agenda

Crypto tax is broken in America. The PENGU airdrop is a perfect example why. And shows what we can do to fix it. Yesterday I was tagged in a post by this user who got a $250k PENGU airdrop. It's worth $90k today. So they can just sell at a loss and not owe tax, right? Wrong. In the US airdrops are taxed as income at the fair value when you receive them. This user owes income tax on the $250k value of their airdrop. This pushes them into the 35% federal tax bracket meaning they will owe $87.5k in tax on this airdrop. And since they claimed it in Dec. 2024 - they owe that on April 15th with their 2024 tax return. Yikes. Even if they sell today for a $160k loss, they can only use $3k of losses per year against income. And if the price keeps dumping? Double yikes. Nobody should have to potentially pay more in tax than they have in their wallet. In my opinion, taxing crypto airdrops, staking rewards, mining rewards, etc. as income at the value when received is ridiculous. Crypto assets are extremely volatile - especially during their initial allocations. If we wanted fair rules on crypto income tax? At a minimum: Any airdropped non-stablecoin tokens should be taxed when they're sold. Not when they're received. I also think there are great arguments to be made that staking rewards + mined tokens should have the same tax treatment. Tax them when they're sold. But what do you think?

Can we all educate ourselves before blindly supporting “bitcoin dev wrongfully jailed”? Dude was putting hits out on people ffs

@elliotrades Didn’t he put hits out on people?

Ok he’s freeing Ross Let’s fucking ride

@KryptoCove @Orbiter_Finance Preach

@Orbiter_Finance this is such scammy behvaiour - stop trying to make people fomo buy your shitty NFT wen we all know the project is going straight to 0 after launch

🚨 2 HOURS LEFT: NFT Snapshot for $OBT Airdrop The $OBT airdrop are eligible for Ace Pilot NFT and Expert Pilot NFT holders. Visit: opensea.io/collection/orb… opensea.io/collection/orb…

@tatthang @0xCygaar Let’s not pretend they chose Solana because of the culture tho. They chose it because that’s where the majority of memecoins are traded and it provided the biggest probability of success.

Spot on. Solana has nailed the seamless trading experience, and it’s no surprise $TRUMP chose it. The pro-memecoin culture and cohesive infrastructure give it an edge that EVM chains need to acknowledge and learn from. This is how ecosystems should compete - through innovation and improvement, not tribalism . Really appreciate this kind of honest builder perspective.

I've been seeing ETH people complain about $TRUMP launching on Solana and not an EVM chain. The reality is that the trading experience on Solana is much better than on EVM chains today. As someone who's working on an EVM chain, I'm not going to sit here and lie to myself by saying the experience is just as good on L2s. It's not. The wallet experience is better, the infrastructure is more cohesive, and honestly the culture is much more pro-memecoin. Solana and its ecosystem have done a lot of things right to get to this position. The team working on @AbstractChain has spent many hours studying Solana and other chains to see what's worked so far. The best way to improve is to learn from your competition. There's no point in complaining on Twitter about how everyone else is wrong in their decisions. The only way to win is to keep building and to keep getting better so people have no choice but to use your product.

@BlurCrypto 🤫

friendly reminder that hyperliquid is going to give an additional 39% of supply, nearly 11 BILLION DOLLARS at current $HYPE prices, to traders who continue to use the platform the next hyperliquid is hyperliquid app.hyperliquid.xyz/join/BLURCRYPTO

@AspenTheDon @OlimpioCrypto Bro same 🥲

@OlimpioCrypto I fumbled terms and conditions for $HYPE

I fumbled a 10,000 USD Kaito airdrop because I forgot to register my wallet before Dec 18 🎉🎉 Presently I'm at the top 0.14% of CT mindshare with 2000 smart followers Farm it: yaps.kaito.ai/referral/14519… If you want to farm this, I've actually found its analytics pretty interesting You get "Yaps" by tweeting, so doesn't hurt to join the pre-TGE arena. If you are active here it's basically a farm on top of your social activity. Sign up, claim your social card, link your wallets, and keep shitposting Should we (3, 3)?

Sicario

It is frightening how unpredictable and unfair life can be. Hug your love ones, hug your kids and live in the moment because who the hell knows what tomorrow brings. From Meredith Gaudreau💙💙…

1/ Recently a team reached out to me for assistance after $1.3M was stolen from the treasury after malicious code had been pushed. Unbeknownst to the team they had hired multiple DPRK IT workers as devs who were using fake identities. I then uncovered 25+ crypto projects with related devs that have been active since June 2024.

@ShinobiSithLord @elliotreports @lmechegaray How come we never see this at other football matches….oh wait nm. Common denominator

@elliotreports @lmechegaray How come we never see that at other sporting events in the US? Those were terrible fans

@LayerZero_Fndn @ProtocolGuild Only thing better would be to claim on ETH. Then I get fucked twice

Today LayerZero is introducing a new claiming mechanism called Proof-of-Donation, which will result in ~$18.5 million donated to @ProtocolGuild, a collective funding mechanism for Ethereum developers. Protocol Guild and Ethereum's core developers have been fundamental to LayerZero's growth, driving the proliferation of the EVM, Ethereum's L2-centric roadmap, and the broader crypto ecosystem. By donating to Protocol Guild, eligible recipients show long-term alignment with the LayerZero protocol and a commitment to the future of crypto. To claim ZRO, users must donate $0.10 in USDC, USDT, or native ETH per ZRO. This small donation goes directly to the Protocol Guild. The LayerZero Foundation is matching all donations up to $10 million. For details on claim information and Proof-of-Donation, read here: info.layerzero.foundation/zro-claim-6e37…. .

Thanks for coming to my TedTalk @LayerZero_Labs

@Zeneca Get outta here with that SC2 noise. OG SC was way better

Best video games of all time: DOTA Portal Diablo 2 StarCraft 2 RuneScape C&C Red Alert Final Fantasy VII Call of Duty: Modern Warfare 2

@AInvestor_11 @LayerZero_Labs @zksync Because crypto (and most of life) is PvP.

Bitter Truth: When @LayerZero_Labs declared Airdrop hunters/influencers wallets being Sybil, the followers laughed, mocked and were extremely happy. Today, those followers are asking influencers to raise voice against @zksync Airdrop allocation. They forgot in the past that they copied the threads of influencers in order to get eligible for @LayerZero_Labs Why so fake...??? I know most of you won't like this tweet but isn't this truth..?? The community mocked @PolyhedraZK and now @zksync Why it is extremely hard to find loyalty in the crypto community..???

@CC2Ventures @BlurCrypto Meanwhile it’s just a giant psyop to filter out the genuine users prior to snapshot 2

Feel like the overreaction was definitely warranted when the blogpost was all the info that has been provided But they changed the trajectory a lot, e.g. initially: NFT Bridging = Sybil to: Infinite Mint NFT Bridging = low value transfer, hence we devalue it by 80%, but it won't flag you and it still counts, just a lot less than bridging real assets Which makes A LOT more sense Bryan has also been very responsive to a ton of comments and transparent in the whole process while also removing false positives Haven't seen a single project of that size do that yet - Arbitrum just YOLO'd it and it worked out exceptionally well Obviously still too early to tell as people also felt very good about zkSync and it resulted in a complete shitstorm for many, but so far, I'm impressed and changed my opinion (as I often do)

Will be the first to admit I overreacted and treated LayerZero too harshly when the anti-sybil stuff first dropped Mostly due to the vague language about Merkly, but that’s since been cleared up Much more optimistic these days after seeing how much work they’re putting into it

@CryptoTeluguO @zksync Seems like your family didn’t get included. As someone who is an only child and relatives not into crypto I’d like to keep my allocation as-is

😬Calling out team @zksync 👇Here is how to fix this 🪙Total supply - 21B 🪙Total Airdrop - 3.65B 🪙Airdrop to users - 3.25B 👥Current eligibile wallets - 696k 👇Changes suggested 👥Include all the wallets which meet at least one criteria 👥Approximately - 1.3M users 🪙Allocate 500 $ZK to every eligible wallets 🪙Total minimum drop to eligible wallets- 650M $ZK 🪙Remaining 3B tokens can be allocated to all wallets based on your wallet holding, multiplier etc etc 🤯3B is still great amount of tokens 😁But we r making 2x users happy 🧢Reduce maximum allocation from 100k to 50k or 75K ✅This way everyone get decent portion of share in 17.5% 🤯17.5% allocation of total supply in TGE Airdrop is remarkable, but if many r not happy, u should consider changes in allocation 😁I don't have any problem if u reduce my 100k allocation to 50k 🙂Community, do u agree with this? Let me know in comments 🤗I believe @zksync @TheZKNation will relook into the eligiblelity criteria & make community happy 💙Like 🔁RT