Valorous Cat

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@bitlarrain x.com/valorous_cat/s…

The $ZEC train left the station. Next stop: $1K.

@AriDavidPaul The argument assumes that people are altruistic, are willing to coordinate, and trust each other. These are bold assumptions. Assuming rationality and self-interest is a simple, effective way to model reality.

This is the best argument for blue (and is accurate analytically, still leaving the answer ambiguous since we’d have to better define the scenario.

As a game theory question, it’s boring and easy. As a political question, it’s fascinating and reveals a great deal about why democracies struggle. Superficially, blue looks like the collectivist, selfless, moral answer. And as you’d expect, plenty of people not only assumed that to be true, but moralized aggressively at those who understand that’s not factually true. Anyone who picks red is guaranteed to live, including if everyone does it. It’s objectively the better and more moral choice for most and to recommend to others. Blue is a kind of stochastic suicide button.

Not everyone is rational, but assuming rationality and self-interest is a good way to model reality. People adopt bitcoin to protect their personal savings, not as a coordinated effort to "fix the money and fix the world". I assume the same people will chose red to protect themselves. Red should be more than 50% if people have the time to think. I'd argue the sample was skewed / subpar.

@Valorous_Cat @depression2019 Do you think everyone on earth understands this?

It is actually disturbing how dumb the average person is Red gives you a 100% chance of living, you literally get nothing beneficial out of choosing blue

@Cryptopathic @depression2019 There‘s no need to communicate, red is the Nash equilibrium, it’s the choice offering the best outcome to each participant whatever the decision of others. Rational participants choose red.

@depression2019 Assuming voters can communicate about the vote, blue is the correct meta-rational choice for the optimal outcome of 0 deaths; it is easier to co-ordinate a 50% blue vote than a 100% red vote.

@funcry Experience well described. It‘s part of the process. You learn. You‘re one step closer. The exit plan must be defined before you reach your target.

i didn’t make my first million, i made directly 2.7 million and lost 80% of it. i will never forget that humbling moment when i realized the money was actually gone. i had such a huge anxiety and joy at the same time, i thought i was the king of the world. but life taught me the lesson in literally weeks. euphoria is the biggest enemy. at one moment you completely get lost and your brain stops working. since then i have recovered but this trauma is still following me. i still can’t understand what i was doing and why i haven’t fully cashed out. this is the most expensive lesson i had in my life and honestly it changed me completely as a human being. when you hit big don’t let euphoria rule you, on the contrary try to focus more and analyze the situation without emotions. when life gives you life changing money, change your life.

@notthreadguy Thanks for stream! It was great.

cobie the goat man

Look guys, it's actually really straightforward, a bunch of people staked their ETH on the Ethereum blockchain to earn yield, except they didn't want their capital to be locked up, so they actually staked with a liquid staking protocol called Lido who provided them a liquid staking receipt token called stETH, except they decided to juice their yield further by depositing their stETH receipt tokens into a restaking protocol called Eigenlayer, except they didn't want to lock up their capital, so they actually restaked with a liquid restaking protocol called KelpDAO who provided them with a liquid restaking receipt token called rsETH, except they decided to juice their yield further by depositing their rsETH tokens into a lending protocol called Aave so that they could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero that was hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry

@CryptoWizardd I would add, the main bag should be hard money.

Every cycle you learn something This cycle i learned that your mainbags should always be big mc projects. That have a long lasting history Rather top 20 Why? Because most "small caps retrace 99.9% Lessons for next cycle WIZZ

@sayinshallah Saylor doesn't own these 4-5%, Strategy holders do.

Crypto is basically dead now. Why would anyone buy bitcoin with saylor owning 4-5% of supply and everything else being a scam

EU ‘ready’ to shove Digital ID down everyone’s throat across nations. Von der Leyen: ‘It’s ready!’ – just like the vax passes that ‘worked so well’. Now your phone becomes your official leash: prove who you are, how old you are, and that you’re a good little compliant citizen before you can bank, travel, or scroll. All under the banner of ‘safety’ while they centralise control like it’s 1984 with better graphics. If they have to keep building apps to monitor and gatekeep us, maybe the problem isn’t us… it’s them. Not touching this dystopian wallet. You?”

@follis_ what the drawing tells you is that it's easier to short to the top than to long the bottom.

So many traders get this wrong

@EU_Commission The fight is on.

Growing up today means growing up online. For young people in Europe, social media is part of everyday life, offering connection, and opportunities. But it also exposes them to risks such as cyberbullying, disinformation, and harmful content.

If you only buy when you want to transact privately, your transaction won't truly be private. You buy, shield, pay someone, who then may unshield the same amount. The buy, shielding, unshielding are visible on the blockchain, and can be matched based on time and amount. Privacy is only given when your funds stay in the shielded pool over an extended time period, mixed with others' funds. You need already shielded funds to spend them privately.

@andyyy I get the usecase of ZEC or XMR but why would you hold it? Just buy the amount u wanna use for whatever..?!

This is one of the most underdiscussed, reflexive flywheels in all of crypto. As more and more $ZEC is shielded, there's less public supply on exchanges and markets. The more private $ZEC total compared to public, the better privacy features you get as a chain. Then, more shielding happens.

Digital ID: They will sell it to everyone as “for your own good” or “for your safety” or “for your convenience”. But it’s for government control and transferring huge amounts of data and wealth.

@Tusharufo2 Even if the app was offering privacy, it‘s only a question of time until it‘s turned into a leverage / pressure system to control citizens. Disagree with your government, and you‘ll loose social media access. First.

There is no such thing as “age verification.” They are verifying your identity, which can then be used to censor, target, and surveil you online.

@fat_mac2 @andyyy Of course, holders can unshield and sell at any time. The assumption is that shielded $ZEC is an indicator of long term holders valuing the privacy feature, as you wouldn't make the effort to shield if you were holding for a short term trade.

@andyyy okay but can't they just unshield it and then start selling? I'm not too deep into ZEC generally so may just be missing some technical context here

@CThejester37675 @GamewithDave This was so good.

@GamewithDave Hail to the king.

For anyone who used a computer between 1990 & 2005… what’s the one game you still think about?

@DigitalEU Using this app is asking the EU to grant you a permission. Asking a permission is subordinating yourself. Reject this. Use a VPN. Be ungovernable.

📵The European Age Verification App is ready and soon available for citizens to use. It is our duty to protect our children in the online world, just as we do in the offline world. Because children's rights in the EU come before commercial interest. 🔗link.europa.eu/HmnrJc

South Korea changing the rules three months before the exchange made an IPO / before the token spiked, was a bit bad luck. But my position was too big, I was in the top holders on Etherscan, besides exchange wallets. In hindsight, it wasn‘t a good sign. 🙃 Anyway. Learned. Kept stacking BTC through the following bear market. 🤞

@Valorous_Cat brutal man sorry that happened

things i'd do differently if i started over (part 1 of 4) i fell in love with a coin called skycoin once. built my whole crypto identity around it. defended it in telegram rooms. ignored every red flag because i was "the [skycoin] guy." the cycle ended. i didn't realize it for months. by the time it was obvious i was down 50%. held because i "believed in the project" and "market conditions would improve." it dropped another 80%. then another 50% from there. i'm not immune to this now either. i still catch myself getting attached. the only difference is i know the feeling now and i know where it leads. so when the time comes a long time from now, i'm selling. no coping. no "it'll come back." just sell and move on.