victor

@AviFelman Fully agree with this take in the long run. May be a bumpier road in the short term tho as it’s happening at a much faster pace than prior disruptive technologies and impacting more industries

When I was 7 years old I was asked by my father what went into the price of a sandwich. Considering it carefully, I answered. The lettuce, the tomato, the bread and the meat. I did not consider correctly. I was short quite a few costs as my father was eager to point out. I had forgot the labor of the worker, the rent of the land, the marketing costs of the chain. I wasn’t seeing the full picture. Today we are all making a similar mistake with AI. We are not considering what cannot be considered. As foreign to the 7 year old as these excess charges were, so are the downstream affects of AI. In 1850, if you had told a teamster that his horse and carriage would soon be obsolete, he would have envisioned a world of mass starvation for men of his skill. He could grasp the concept of a faster carriage, but he could not conceive of the interstate highway system, the suburban real estate market, or the roadside motel industry. These were not just new products; they were an entirely new social architecture. We are currently in the teamster’s shoes. We see AI automating the ingredients of our current economy—the writing, the coding, the data entry—and we fear the void. But history shows that humanity doesn't fall into the void; it builds a floor over it. Karl Marx looked at the dark satanic mills of the 19th century and saw a terminal point. He argued that as the means of production became more efficient, capital would consolidate and labor would become a worthless commodity. He believed capitalism would eventually eat itself because it would run out of things for people to do. Marx was wrong because he viewed human utility as a fixed pie. He didn't understand that technology doesn't just subtract labor; it changes the nature of what we consider valuable. When the mechanical loom made fabric cheap, we didn't stop buying clothes. Instead, we invented the fashion industry. We created brand management, retail psychology, and textile engineering. We moved from a world where everyone owned two outfits to a world where millions of people are employed in the cycle of seasonal trends. In the age of the steam engine, "handmade" was a sign of poverty. Today, it is a luxury. We are already seeing a shift where the human touch—the artisanal, the face-to-face, and the physically present—is becoming the high-margin sector of the economy. Every time we automate a simple task, we move the human to a more complex one. We didn't stop needing accountants when Excel was invented... we simply started asking accountants to perform much more sophisticated financial modeling. The 7-year-old misses the rent and the marketing because they are abstractions. Similarly, we struggle to see the jobs of 2040 because they rely on problems we haven't even encountered yet. We might see the rise of Personal Data Stewards, who manage the interaction between our private lives and public AI models, or Reality Architects, who ensure that the virtual spaces we inhabit are psychologically grounded. The world works itself out because humans are fundamentally restless. We do not tolerate a vacuum of purpose, we seek higher function always.

@arthur0x Could’ve gone either way. I think Nvda holds up if more in line employment and 10-Q, which lifts all boats as AI bubbles continues. But would’ve only lasted a few days before a derisking event ahead of December

@arthur0x Nvda 10-Q was bad. Made circular AI spend more obvious to market. Stronger Sept employment data also weakens case for December rate cut. Leaving only negative macro catalysts ahead (eg delayed October data, Dec fed meeting). Weak hands frontran Nvda earnings so fear based selloff

Any good explanation for this?

@NMTD8 I like this in theory but then all the short OI will just move away from Hyperliquid causing books to be less liquid

Proposal: Adjust the neutral funding rate on $HYPE perps from 0.013% → 0.00% Summary: -Neutral funding: 0.013% → 0.00% -Preserves dynamic adjustment (can still go positive if skewed) -Eliminates low-risk APY stacking via delta-neutral loops -Aligns $HYPE incentives with protocol growth and market integrity -IF people want to DN farm, they can take the short elsewhere. If other platforms want to give them the short side profit, let them do it. Do not allow the extraction from HL directional traders. - $80M+ a year is currently paid out to shorts at current OI. Too much extraction from directional longs. - Binance has done it for years for $BNB, they must know something. Hyperliquid.

@delucinator Lighter?

wow pressed long on extended at 3208 and 3221 and got excuted at 3245 botth titems insane tech

@delucinator lol

idk about all that but im not happy that 16% of llp is eth exposure fuck that shit

@kirbyongeo So great meeting in person! Thank you, @NarwhalTan and @0xVelocity88 for hosting such an epic event

It’s finally time to rest. It has been such an absolute pleasure getting to meet so many of the respectable Hyperliquid community members, and putting faces to names of many online PFPs who i now consider IRL friends. Deepest apologies to those who we could not accept due to venue overcapacity, hopefully we’ll be able to do this bigger and even better the next year. Multiple hours and days were spent on curating the guestlist to ensure Hyperliquid First and Hyperliquid Alignment. To those who made time to come early to help with logistics, those who made their way over to spend their precious time with us, those who made this event so successful (caterer, part timers, cleaning ladies, security), a big thank you! Hyperliquid.

@ThinkingUSD See you soon! En route

Just touched down in Singapore. Good timing. Hyperliquid.

@thesamparr Surprised Seattle isn’t on the list!

What’s the difference between a $10m, $100m, and $1b lifestyle? Asked this question in Hampton's Slack community since we have people worth $10m - $2b. A few takeaways from the 50+ replies: $50k – $100k liquid • The first “I feel rich” for many in 20s. • Bills stop hurting. You breathe. • $1M net worth rarely changes anything. In high-cost cities, it’s just “comfortable professional.” Still very income-dependent. $10M liquid - This is the first real unlock. • Safety net feels permanent • You stop looking at the right side of the menu • Business-class by default, 5 hotels when you want • You can cover friends’ flights to make trips happen • Life doesn’t run you anymore. $20M–$25M liquid: • “I can spend $50k/mo forever and still compound.” • Nicer primary home (or rent ultra-nice; fewer ownership headaches) • Staff for convenience (nanny, cleaners) • Family support start to be normal, not “splurge” $50M liquid • Cash flow is thick and hard to fully redeploy. • 2nd homes, extended travel • Serious privacy planning begins • You’re learning trusts, tax vehicles, and who to not trust $100M: • Life becomes frictionless. • Fly private often (some buy; many rent because ownership is work) • Full household team + exec assistants + specialists • Family office(s), capital allocation becomes a job • You choose projects; problems get solved without you Past $100M • personal lifestyle doesn’t change much—scale and privacy do. • Land for privacy buffers • Private gyms/courts/spas at home • You’ll never fly commercial unless you want to $1 billion • Money becomes institutional. • You never see a bill • Global properties, fully private travel • Governments, universities, and CEOs court you • It’s legacy season: foundations, endowments, monuments A few real anecdotes from the thread: • A billionaire bought a pro sports team mid-flight on his jet. His right-hand guy became COO. • A friend group dropped $200k–$300k on a yacht week just to get everyone together. • Multiple members set up dual family offices (JPM + independent) to manage life + investments. The biggest trap everyone warned about: • “Coming into money without accomplishing anything is a curse.” • Lottery-winner energy breaks people. Purpose > purchases. Cash flow > net worth (psychologically). • Even people with $50M–$100M feel “poor” during low-cashflow years. Meaning, even if you have a high net worth -- if your business income goes away even if you don't need it, it feels horrible. Mentally brutal. What actually brings joy at scale: • Buying back time (coaches, chefs, pilots, concierge) • Funding memories (fly the whole crew, pick up every tab) • Being present (one member took a year as a stay-at-home dad - “wouldn’t trade it for anything”) What gets old fast: • More “stuff” to manage • Identity tied to net worth • Chasing bigger dopamine (toys) instead of deeper meaning (health, family, service, community) -- Ok, that's it - that's my ChatGPT summary of all the replies!

@blknoiz06 Higher

are we lower or higher this time in 2026?

@zhusu lol

Mixed doubles pickleball at pro level is just the woman serving and then getting out of way while the man volleys and tries to aim at the other team’s woman

Your goal this year is to trade for PnL. My goal this year is to trade for VIP tier Lululemon merch. Hyperliquid.

@ThinkingUSD idk if i'd own the equity either considering there would unlikely be a liquidity event. Management team integrity just as important and can result in deceivingly bargain valuations

Thinking about Pumpfun, and I don't see any real reason to own the token. If you had the ability as an investor to own either you'd always want to own the equity. The equity receives a minimum of 75% of the revenue, and doesn't add any volatility to your portfolio. It has real investor rights and protections unlike a token, which has a completely unclear position in the capital stack. Investors additionally need to SELL the token to realize DPI for their liquid funds so the token is just there purely to realize some gains? After selling why rebuy if you already own the equity?

@TonyGuoga I'm in

I might host a Hyperliquid poker game. Who's interested?

@TheFlowHorse Should be a nonevent. Markets already pricing no cut in June

FOMC this week seems more important than Iran-Israel for markets.

@JamesWynnReal Respect for owning up to it and not blaming others for it. Wishing you the best of luck

I started trading on perps in March, had never traded perps before, in-fact never really traded properly before, I’ve just traded meme coins. (Before I was known for calling pepe at 600k and making 8 figures). In one month I turned about $3m into $100m and then lost it all in about a week on HyperLiquid. I was just doing my own thing, but people started to take notice, my account blew up with hundreds of thousands of followers as it was all trackable on-chain. So I went with it. Anyways, with all this new attention the trading spiraled out of control. I was basically gambling and just trying to chase back the gains I had lost as well as not looking like an idiot for making $100m and then losing it. I got greedy. I wasn’t taking the numbers on the screen seriously. Anyways, if you wanna gamble and trade perps like an idiot then at least use my affiliate link below (will save you $$ on trading fees). Use code ‘WYNN’ ⤵️ app.hyperliquid.xyz Or join here 👇 app.hyperliquid.xyz/join/WYNN

@bitc0x @Cbb0fe ayee

@VictorCheng7 @Cbb0fe victor

Hyperliquid gave 31% of supply for using their product Pumpfun is "giving" 25% of supply for... 1 BILLION US DOLLARS

@JamesWynnReal Don’t think anybody is hunting you as you’ve been $100-200 away from liquidation a few times but saved

If you buy they’re losing bitcoin because they’re suppressing price just take me out. They ain’t letting the market run freely. Prove me wrong. It’s blatantly obvious.

@x256xx Hype > Sol

@VictorCheng7 Yeah, but if sol/eth near bottom, then what does this chart say?

@x256xx Microstrategy for SOL not priced in, SOL/ETH near bottom of range. The good thing is the higher SOL goes, so does Hype