JohnKindle

[KoolKrypto @koolkrypto223]

2. "OLP is a profitable and working business, until proven otherwise"

Don't disagree, very lucrative business model, but the issue with this statement is the "until proven otherwise" portion is generally catastrophic. Very Thanksgiving Turkey graph.

For example, @HyperliquidX would have absolutely printed fees during the GME saga; OLP could have potentially blown up depending on how much flow was internalized.

Saying it's picking up pennies in front of a bulldozer is overly alarmist, but people need to realize that this is effectively betting on a market making desk avoiding tail events in an industry full of tail events.

Being long $HYPE or $LIT is saying "I'm long perp volume and volatility". Fees are up only.

Being long $VAR is saying "I'm long Variational's ability to properly hedge volatility and risk". You're essentially an LP in a delta neutral quant MM firm with very positive expected value, but you're implicitly exposed to tail events and operator risk.

$HYPE fell 15-20% during the JELLYJELLY incident; $VAR would have likely suffered much, much more.

I would absolutely still deposit money into OLP because it's still effectively betting on the "house", but the @variational_io model, and likely the $VAR token by extension, is inherently more vulnerable to massive, one-off impairments and black swan tail events.

[JohnKindle @0xJohnKindle]

@brezshares

[JohnKindle @0xJohnKindle]

cc @vgr

[lesabre @lesabrefomo]

crypto is the best game in the world

truly

the social aspect, the sub games, the ever changing metas, the rabbit holes, the money, the risk, the skill building, the choose your own adventure angle, etc

nothing else like it

[JohnKindle @0xJohnKindle]

@rambo_xbt thanks for sharing these

[jords @jords]

i think btc is going to be worth $1m by end of next year but im waiting for $49k to get a good entry

[🐧 @Pentosh1]

after you enter a long term trade, its important to watch every single 1 minute candle and up. check your phone as much as possible. helps reduce stress and anxiety

[Coulou @okay_lets_ride]

board sit

[Gwart @GwartyGwart]

Oh thank god another Andre Cronje project, been too long

[gabe @allgarbled]

Life is changing. The takeoff is accelerating. Humanity as we know it may end. You will never see your loved ones again. You only have one year left to build your AI docusign startup

[du @thedulab]

Inshallah to Mashallah to Alhamdulilah pipeline

[olaf @zxocw]

i think the % of content we consume generated by AI will increase from ~1% today to over 50% in the next 10 years