Andrew Bumstead

2.1K posts

Andrew Bumstead

Andrew Bumstead

@andy_bumstead

Tham gia Ocak 2022
481 Đang theo dõi68 Người theo dõi
Jeff Kirdeikis
Jeff Kirdeikis@JeffKirdeikis·
Don't complain that $WLFI extracted money. Take it back from them. Earn from their downfall To make money on the inevitable downfall of $WLFI 1) go to hyperliquid 2) deposit funds 3) short it The price of $WLFI falling either trigger the Trump position to be liquidated, or forces them to issue and sell even more $WLFI win/win
Peter Girnus 🦅@gothburz

I am a Web3 Ambassador at World Liberty Financial. There are 12 of us on the team page. 4 are named Trump. 3 are named Witkoff. The page calls us "the passionate minds shaping the future of finance." 600,000 wallets bought our memecoin. They lost $3.87 billion. The family collected $350 million in trading fees. It launched 3 days before the inauguration. 80% of the supply went to CIC Digital LLC and Fight Fight Fight LLC. I did not choose the names. I designed the allocation, the vesting, the timing, and the distance between the product and the President. The distance is my best work. I am the reason these events are unrelated. World Liberty Financial sends 75 cents of every dollar to DT Marks DEFI LLC. That is the family entity. Zero capital contributed. Zero liability assumed. I wrote this into the Gold Paper. Page 14. The lawyers bound it in white leather. The binding cost more than the due diligence. Justin Sun invested $75 million. He was facing SEC fraud charges. The SEC dropped the case. He is now our advisor. These events are unrelated. Changpeng Zhao pleaded guilty to federal money laundering violations. He received a presidential pardon. The SEC dropped its lawsuit against his exchange the same week we listed our stablecoin. Then the exchange settled a $2 billion deal entirely in that stablecoin. These events are unrelated. Arthur Hayes, Benjamin Delo, and Samuel Reed of BitMEX pleaded guilty to Bank Secrecy Act violations. All 3 received presidential pardons. Then the company itself was pardoned. $100 million in fines. Gone. An American first. These events are unrelated. Sheikh Tahnoun of Abu Dhabi paid $500 million for a 49% stake that was never publicly disclosed. Then the administration approved semiconductor exports to his companies over national security objections. These events are unrelated. Everything is unrelated. I track the unrelatedness on a dashboard I built. The dashboard has 7 columns now. I am proud of the dashboard. On May 22nd, 220 people paid a combined $148 million to eat dinner with the America First president. Over half were foreign nationals. Justin Sun paid $18.5 million for the first seat. He visited the Executive Office Building the day before. I designed the seating chart. I put it on the Investor Confidence page. That page is doing well. The team page lists 3 Witkoffs. All 3 are Co-Founders. Steven Witkoff is the President's Middle East envoy. He testified as a character witness at the President's fraud trial. His son Zach runs the crypto operation. His son Alex is also a Co-Founder. I have not been told what Alex co-founded. The father runs the diplomacy. The sons run the platform. The family runs both. That is organizational efficiency. Barron is 19. His title is Web3 Ambassador. The same as mine. Donald Jr. called the conflicts of interest "complete nonsense." Eric launched a Bitcoin mining company called American Bitcoin. America First. The mining partner is Hut 8. Hut 8 was founded in Canada. America First means the name. On March 6th, the President signed Executive Order 14233 creating a Strategic Bitcoin Reserve. The order directs the government to hold Bitcoin. The President's family holds billions in Bitcoin. The executive order appreciates the President's assets by presidential decree. I did not write the executive order. I made sure it looked unrelated to the portfolio. Trump Media put $2 billion of Bitcoin on its balance sheet. The ticker symbol is DJT. His initials. The press secretary said it is absurd to insinuate the President profits off the presidency. Forbes calculated his crypto holdings exceed the combined value of Mar-a-Lago and Trump Tower. I would call that absurd too. That is my job. 600,000 wallets bought in. 1 of them asked why she could not withdraw her funds. I told her the protocol was experiencing dynamic market conditions. She asked what that meant. I sent her the Gold Paper. She said she had read the Gold Paper. I muted her channel. Dynamic means the conditions change. The condition that changed was her access. A congressman called us the world's most corrupt crypto startup operation. We put it on a coffee mug. Ironic merchandise. $45. The revenue split on the mug is also 75/25. My own tokens vest on a different schedule. I wrote that schedule. That is not in the Gold Paper. The memecoin funds the family. The family funds the platform. The platform funds the stablecoin. The stablecoin funds the deals. The deals require the pardons. The pardons free the partners. The partners fund the platform. The President signs the executive orders. The executive orders inflate the assets. The assets fund the family. I am the reason these events are unrelated.

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Andrew Bumstead
Andrew Bumstead@andy_bumstead·
@onyeka1emmanuel @harrisonhagen10 @KevinOConnor Yeah... I just don't see any mvp level player sitting when the opponent's best players are on the floor. To imply that JB is the only player to be played this way is ridiculous and not backed up by any stats.
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Kevin O'Connor
Kevin O'Connor@KevinOConnor·
I know this data is perceived as a knock on Jaylen Brown, but I think it’s more a testament to the incredible coaching of Joe Mazzulla. The decisions that Mazzulla made, the lineups he used, the empowerment of his depth, and the system he installed, are all what positioned this team to have so much success without their two best players on the court. It is Mazzulla that is the true outlier on that chart.
Lev Akabas@LevAkabas

Jaylen Brown is on track to finish 5th in NBA MVP voting, according to ESPN's recent straw poll The Celtics' net rating has been 5.3 points worse with Brown on the court this season That would be the worst on/off of any top 5 MVP finisher in the play-by-play era

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Onyeka naija boy
Onyeka naija boy@onyeka1emmanuel·
@harrisonhagen10 @andy_bumstead @KevinOConnor absolutely not! teams hav their own strategy, like in the nba finals jb said i am guarding luka ! so when luka went to the bench he went to the bench, when he got back in so did jb & thats how he won mvp. its completely different for only offensive players who just play offense
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Andrew Bumstead
Andrew Bumstead@andy_bumstead·
@onyeka1emmanuel @KevinOConnor The stat holds up over multiple years. If the stat is out of context please enlighten us and interpret it in context. I'll await your findings.
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Onyeka naija boy
Onyeka naija boy@onyeka1emmanuel·
@KevinOConnor Does anybody really think this Boston Celtics team would finish higher than Charlotte if jaylen didn't play this season? Folks are just taking stats out of context to justify their opinions.....smdh
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Ben Holcomb
Ben Holcomb@HuckleberryBen·
1. The top 14 teams make the playoffs. 2. The rest of the league plays a single elimination tournament. 3. The finalists of that tournament secure the #1-2 picks, and grab the 8 seed in the playoffs. 4. The tournament is seeded based on post ASG W-L record so teams tanking at the end get punished. At best, teams would have a ~10% chance at getting the #1 pick. No team squarely in the playoffs would actually tank for this, even in the year when LeBron was the #1 pick. It would be too hard to do. And most importantly we’re talking about 5-6 games at the end of the season. The teams in 5-8 would have too hard of a time timing the tank. Any earlier and they still have a chance at a top 4 seed. Any later and it’s out of their control. Too many variables
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Sam Quinn
Sam Quinn@SamQuinnCBS·
Been thinking about this since KOC dropped it. I think it's the first proposal I've seen that would genuinely eliminate bottom-of-the-standings tanking (but not middle-standings tanking). However, I think for it to be fairly implementable, there's one tweak it absolutely needs. An 18-team drawing creates scenarios in which the worst team could wind up with the 18th pick. If you're reducing tanking, outcomes like this punish teams that are genuinely bad instead of artificially bad, and a genuinely bad team picking 18th is going to remain genuinely bad way longer than you want it to. Therefore, in order for the draft to maintain its function as a talent balancing mechanism, I think this rule would have to be paired with a draft slot floor for the three worst teams. Here's my proposal: Teams 1-3: 6% at No. 1; cannot pick lower than 9th. Team 4-10: 8% at No. 1; no floor on their pick. Teams 11-18: 3.25% at No. 1; no floor on their pick. I think it's reasonable to expect the worst teams to improve picking 9th every year, but not 18th. I might also endorse some mechanism to acknowledge the difference between picks owned by their original teams and traded picks (why should a team by punished for being smart enough to trade for the worst team's pick?), but I think this balances the need to improve the worst teams with the league's desire to reduce tanking. My personal preference is still not to flatten odds, but we're here now, so if we're doing it, let's do it fairly and actually act in ways the help teams who are bad organically improve.
Kevin O'Connor@KevinOConnor

During the NBA GM meeting this week, one person suggested make the bottom three teams ineligible for the top picks entirely. The league, per multiple sources, found this to be way too extreme. But then another person on the call offered a softer version of the same concept: What if the bottom three teams just had slightly lower odds than the teams ranked four through 10? Not zero. Just a little less. Sources on the call say Adam Silver responded enthusiastically to this idea. Which speaks to the state of lottery reform. The 18 team/8% odds for the top 10 concept is simply still just the concept. The specifics of it will change by the time the league votes on it in late May. And adjustments — like this one — are still in heavy consideration. I think it’s brilliant. Under that structure, with the bottom three teams having slightly worse odds, there is no longer a single point in the standings where losing helps you. Tanking all the way to the bottom hurts you a bit. It’s not quite relegation that you’d see in the Premier League, but it’s the NBA’s own form that would punish being the worst in the league. And much like Premier League teams have entertaining games to prevent relegation, NBA teams would too. Picture two bad teams in late March, both within a game of the bottom three, both desperate to win. That's a win for the fans. Picture the front office of the Wizards doing the calculus on whether to shut down Trae Young and Anthony Davis and realizing that, actually, no, the vets need to go play, because falling in the standings is a real cost now, not a reward. That's a win for the sport. Picture Sacramento intentionally fouling Seth Curry late in a game, and the conversation around it shifting from "nefarious tanking" to "bad coaching." That's a win for the league. More on @YahooSports:

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Jeff Kirdeikis
Jeff Kirdeikis@JeffKirdeikis·
$WLFI is going to zero. Same playbook at Luna + FTX Easiest short of the year.
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Renzo
Renzo@RenzoTake·
@AndrewDBailey Just for the comments to not be confused... demar played More 200+ more games 7000+ MORE MINUTES and he's only 300+ points away from Steph. STFU.
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Andrew Bumstead
Andrew Bumstead@andy_bumstead·
@HuckleberryBen @SamQuinnCBS I must be misunderstanding your proposal. Are you proposing that the 8 seed gets the number 1 pick? If so, teams absolutely would throw the final games for that. Teams are throwing away whole seasons for a 15% chance right now.
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Ben Holcomb
Ben Holcomb@HuckleberryBen·
A team that has the 5th seed in either conference is not convincing its roster to throw the final games of the season to finish 8th in order to win 4 straight single elimination games to secure the top pick. That suggestion is unserious. The teams are too good and the likelihood of getting the top pick is too small for it to be a viable option. That’s a great way to alienate your fanbase though
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Andrew Bumstead
Andrew Bumstead@andy_bumstead·
@HuckleberryBen @SamQuinnCBS Giving them a guaranteed top pick is to juicy of a prize. I could see tilting the draft odds to favor the winner of the play-in as a better solution.
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jfab.eth
jfab.eth@josefabregab·
@ImperiumPaper @DefiIgnas IMO the problem is ~$75M of borrowing was routed through an advisor-linked platform while there’s only ~$35M of DEX liquidity for WLFI across all chains + the “we can just print more if we need”. The more dolomite raises caps, the more they handicap stablecoin depositors
jfab.eth@josefabregab

There’s ~$35M of WLFI liquidity across all DEXs. Yet @worldlibertyfi accessed ~$75M in USDC via @Dolomite_io. The market wasn’t willing to provide liquidity, so the Trump family routed around it. How? Via its advisor’s platform, at the expense of stablecoin depositors, with liquidity now effectively exhausted. Profit: $40M. Welcome to crypto.

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Andrew Bumstead
Andrew Bumstead@andy_bumstead·
@SamQuinnCBS Would that destroy the incentive to not be one of the worst three teams? The objective with the proposal is that teams try not to be in the bottom 3. I think this would take that away.
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Ben Holcomb
Ben Holcomb@HuckleberryBen·
Why not merge the incentives of the play in and lottery into one single elimination tournament? The finalists get the top 2 picks AND secure the eighth seed in the playoffs. That way it’s a cherry on top, not something teams actively avoid. It would solve tanking. Seed teams by post ASG W-L record. Every game on the schedule is worth trying to win at that point. No benefit to losing on purpose
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Local Roasting Co.
Local Roasting Co.@LocalRoastingCo·
@jimmydean197 “I live in a condo in Bend, Oregon. It combines all the costs of living in a large city with none of the benefits.”
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Andrew Bumstead
Andrew Bumstead@andy_bumstead·
@SamQuinnCBS I don't know if they get that bump even if they crush the playoffs this year. There is a lot of talent missing and playoffs haven't even started. If another star gets injured, it could be an uninspiring championship.
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Sam Quinn
Sam Quinn@SamQuinnCBS·
I have two theories on this and I think they work in tandem. 1. They've thus far underperformed relative to expectation in the playoffs. Lost to the Mavs as a No. 1 seed. They were heavily favored against the Nuggets/Pacers and were pushed to the absolute brink by both of them. 2. We haven't seen them at their absolute best for a full season yet. Chet/Hartenstein injuries last year. J-Dub this year. I think there's a sense that one year they'll have everyone together and win 70+ that hasn't happened yet. I think if they had more broad appeal, the narrative here would be "they're this good already and they haven't come close to the peak." But people don't like SGA's playing style or Dort's dirtiness and they find the personalities involved boring. So instead the narrative for the people that dislike them becomes "they only won the title because Haliburton got hurt, they're overrated, stop handing them a peak they haven't reached yet and may never reach because nobody has ever gone 74-8 and in December people were talking about it as an inevitability." I'm really fascinated by what happens in relation to the Spurs though. Because I do think there's a world in which the Thunder maybe win one more title, but the Spurs ultimately become the dominant superpower of this era, and so we remember the Thunder more like the Bad Boy Pistons to San Antonio's Bulls. I think if OKC rolls through these playoffs they'll get all-time acclaim. But long-term this is the thing I wonder about.
Hardwood Paroxysm@HPbasketball

I'm really interested by the idea that the Thunder are, objectively, an All-Time team. Wins. Point Differential. Defense. Defense with Offensive Capability. Led by MVP. Depth. Coaching. Culture. Execution. But they do not feel like the all-time great teams *to me* and I do not know why. (Thunder fans, I get they fell like that to you and that people SHOULD view them that way. Read the first part again.) If you're not a Thunder fan, does OKC feel like an all-time great team on par with Warriors 2016, 2017, or say, Heat 2012 (who were objectively much worse than OKC), OKC 2014, 01 Lakers, etc? If not, why not?

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Andrew Bumstead
Andrew Bumstead@andy_bumstead·
@MurphBry @HPbasketball I agree re: SGA.... But as for the ref dynamic, GSW had the refs working just as hard for them allowing their "drag screens" for Curry.
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Bryan Murphy
Bryan Murphy@MurphBry·
@HPbasketball I think SGA being arguably the most shameless foul grifter in NBA history while the OKC defense gets away with murder at the same time prevents them from getting that perception since the terrible NBA officiating plays such an obviously pivotal role in their success.
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Hardwood Paroxysm
Hardwood Paroxysm@HPbasketball·
I'm really interested by the idea that the Thunder are, objectively, an All-Time team. Wins. Point Differential. Defense. Defense with Offensive Capability. Led by MVP. Depth. Coaching. Culture. Execution. But they do not feel like the all-time great teams *to me* and I do not know why. (Thunder fans, I get they fell like that to you and that people SHOULD view them that way. Read the first part again.) If you're not a Thunder fan, does OKC feel like an all-time great team on par with Warriors 2016, 2017, or say, Heat 2012 (who were objectively much worse than OKC), OKC 2014, 01 Lakers, etc? If not, why not?
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Andrew Bumstead
Andrew Bumstead@andy_bumstead·
@tomwanhh @Ethena_Eco ENA team is great and I think the moves are solid but tokenomics is still a problem IMO. ENA only has real value if fee switch is on and flipping the switch takes fees away from sUSDe. Not sure that works long term.
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Tom Wan
Tom Wan@tomwanhh·
ENA is trading at a 5.6 FDV/Fees ratio in March, another low since Jan 26. The proposed expansion of USDe reserves adds more fuel to the thesis: • Institutional Lending (Maple, Coinbase, Anchorage) • High Quality RWAs • Equity & Commodities Basis Trade • Prime Lending The expansion gives Ethena more flexibility to chase higher yielding markets as conditions shift. More diversified backing could mean higher sUSDe APY, which increases the USDe supply and monthly protocol fees.
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Andrew Bumstead
Andrew Bumstead@andy_bumstead·
@blazerwagon Talent wins in the playoffs not experience. This team isn't built to be anything more than mediocre.
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Day1Blazer ヽ(•‿•)ノ
Portland’s at a crossroads 👀 Make the playoffs 🏀 and build experience for next season… OR miss out and take a swing at the #1 pick 🎯 They were ONE ping pong ball away from Wemby & Flagg 😳 maybe luck finally turns 🍀 Would this lineup make them a contender next year? 🔥
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