deadflea

defi infrastructure and lolz

[deadflea @0xdeadf1ea]

„i'm long humans being desperate, greedy, degenerate, lonely, and trapped in the metaverse” ~@GCRClassic

[moneyfetishist @moneyfetishist]

I am not going to motivate you because if you need motivation from a stranger on a plane the answer is stay

but I will give you the game theory

your corporate M&A gig is a repeated game with diminishing marginal returns. year 1 you learn everything. year 2 you refine it. year 3 you are executing pattern recognition. year 4+ you are being paid more to do the same thing with slightly larger numbers. the learning curve flattens but the golden handcuffs tighten because every year the comp goes up and the opportunity cost of leaving gets more painful on paper

this is a classic status quo bias trap. the payoff of staying is known and comfortable. the payoff of leaving is uncertain and scary. so you stay not because staying is optimal but because the asymmetry of regret is lopsided. you can imagine regretting the leap. you cannot as easily imagine regretting the years you stayed too long because that regret builds slowly and never hits you in one moment

here is where game theory actually helps:

in your M&A seat you are playing someone else's game. the firm sets the rules, the deal flow, the comp structure, the promotion timeline. you optimize within their framework. you are a very well-compensated player in a game you did not design. your upside is capped by whatever the partnership or MD economics look like. your downside is protected by a salary. that is the trade

owning a local business flips the entire payoff matrix. you design the game. you set the rules. the downside is real and unprotected but the upside is uncapped and compounds in ways a salary never does because you own the equity. a $2M EBITDA business bought at 4x and grown to $3M EBITDA over 3 years is worth $12-15M on exit. no M&A salary trajectory produces that kind of wealth creation in that timeframe unless you are a founding partner

the Nash equilibrium of your current situation: you and every other M&A professional are competing for the same promotions, same deal credit, same bonus pool. the competition is fierce because the players are identical. same schools, same skills, same hours. you are in a crowded equilibrium where everyone works 80 hours to stay in the same relative position

local business ownership is a different game with different players. the competition is a 62-year-old owner who stopped innovating in 2014 and a 35-year-old who inherited the business and does not want to be there. you walk in with financial sophistication, deal structuring experience, and the ability to read a balance sheet faster than anyone in the room. you are overqualified for the game which is exactly where you want to be. the best strategy in game theory is to play games where your existing skill set gives you an asymmetric advantage over the other players

the timing question is about optionality. every year you stay in M&A your financial optionality goes up slightly because you save more. but your operational optionality goes down because you get further from the reality of running anything. the M&A guy who leaves at 28 adapts to operations in 6 months. the one who leaves at 38 has a decade of habits built around delegating to analysts and reviewing decks, and managing a P&L feels foreign in a way it would not have 10 years earlier

but again. if you need me to motivate you, stay. the people who actually do this do not need motivation. they need a spreadsheet that shows the math works and then they cannot NOT do it. if you have the spreadsheet and you are still asking strangers for motivation the spreadsheet is not the problem

[deadflea @0xdeadf1ea]

Using google considered harmful

[0xngmi @0xngmi]

Ever had to use a new wallet or defi protocol, googled it, and worried about picking the wrong one from a scam ad?

I built https://t.co/nuiOTTI5dn to solve this

It searches over >5k whitelisted domains manually curated by DefiLlama, it's <6kb and loads instantly

Bookmark it

[deadflea @0xdeadf1ea]

@Doctor_Magic_ you guys still have feelings?

[deadflea @0xdeadf1ea]

@LiquityProtocol @EkuboProtocol @Balancer @Uniswap Why I don't see BOLD/USDC on uniswap interface?

[deadflea @0xdeadf1ea]

someone tell him what happens after sunset

[Elon Musk @elonmusk]

The Sun is an enormous, free fusion reactor in the sky. It is super dumb to make tiny fusion reactors on Earth.

Even if you burned 4 Jupiters, the Sun would still round up to 100% of all power that will ever be produced in the solar system!!

Stop wasting money on puny little reactors, unless actively acknowledging that they are just there for your pet science project jfc.

[deadflea @0xdeadf1ea]

@BowTiedOx Have you tried yerba mate?

[deadflea @0xdeadf1ea]

@IvanOnTech Easy. Trump’s family.

[deadflea @0xdeadf1ea]

@lowercaseboot @saylor Is this the second best orange man?

[deadflea @0xdeadf1ea]

@LiquityProtocol Should you allow/endorse forks that don't keep the same standards/principles - like immutable contracts?

[deadflea @0xdeadf1ea]

@cobie @0xShual the physics in expanse were really addictive to watch

[deadflea @0xdeadf1ea]

@dcfgod @cobie @0xShual Well they made like 6 seasons, so quite a long binge watching journey. Highly recommend

[deadflea @0xdeadf1ea]

@0xNairolf ethereum price action

[deadflea @0xdeadf1ea]

@CredibleCrypto @RemindMe_OfThis in 14 days

[deadflea @0xdeadf1ea]

@0xNairolf cause numba didnt go up anymore

[deadflea @0xdeadf1ea]

@linkchainlink Looks like you need to get lil bit taller to drop that BMI number

[deadflea @0xdeadf1ea]

@econoar Isn't @cobie's echo dot xyz already doing it kinda?

[deadflea @0xdeadf1ea]

@Sentdex reminds me of a guy adding "Open" prefix to his closed product

[deadflea @0xdeadf1ea]

@BowTiedBull Dont give your kids money. Do what Shaq did. He said to his kids "I am the rich one, not you. I will support your education. Help you with mortgage. Maybe invest in your idea if its solid. But.. you're on your own in this world." This is the way.

[deadflea @0xdeadf1ea]

@saintniko @JustDeauIt @Uniswap money laundering?

[deadflea @0xdeadf1ea]

@PWBSDP @BowTiedIguana https://t.co/TX1ISnSnIE is pretty legit (thx @0xngmi) and also cowswap