Double Tops

Casual participant | Community member | Developer

[Double Tops @2xtops]

@Bkclaims @sl0wready Is there anywhere we can see if the FTX estate still has this on their balance sheet and if it is expected to be liquidated?

[Double Tops @2xtops]

@MrPurple_DJ Is there any reason for them not to pay the remaining amount owed to Dot Com users plus interest? Besides more legal fees, what are the hurdles?

[Sofa Tiger @XBTaiga]

USDai MOONSHEET (divided in 3 images for better readability):

[Double Tops @2xtops]

@MingoAirdrop day 2 was ass

[Aporia @0xaporia]

The greatest trick the devil ever pulled was convincing crypto investors™ that there's such a thing as an equity risk premium for most tokens; that simply holding through volatility will inevitably be rewarded with superior returns.

The traditional equity risk premium is grounded in simple economic fundamentals: When you buy stocks, you're accepting volatility risk in exchange for a share of corporate profits that have historically grown above the risk-free rate. Backed by decades of data.

The value of most tokens depends entirely on future buyers paying more than current buyers, without any underlying productive activity to justify a risk premium. Risk alone doesn't create a premium.

[Double Tops @2xtops]

@cryptogorilla Are you entering the ICO to trade the token (to sell at TGE) or the prediction markets to trade the FDV?

[Double Tops @2xtops]

@0xkyle__ Back then oil rouge was really fun, especially late game if you managed deck well. Had solid board clears and defence.

Golden Monkey decks are fun, no meta worthy but still good to stack a deck with randomly legendaries, you could fill the deck before too.

[Double Tops @2xtops]

@MingoAirdrop One of these turds needs to drop something!

[Double Tops @2xtops]

@jeffnfa Hi 😉

[Cobie @cobie]

When ppl claim this I always wonder how they think it happens, or have unrealistic expectations on how much $1bn actually is.

I joined crypto with $200. If I held my initial bitcoin since then and never traded, I would have ~$300k.

If, instead, from that moment I sold the top and bought the bottom of every crypto cycle on Bitcoin, and never paid any taxes, I would have ~$6m USD.

If I put my entire net worth into the Ethereum ICO and never touched it, today I would have ~$150m pre-tax.

While it was definitely possible to have made >$1bn with the opportunities in the market, these versions of reality would also require me to make no mistakes, and have no need to spend $ in real life, or take excessive risk via leverage.

In reality, I grew up in a working class family. I didn’t have a trust fund and I had to pay off my student loan myself. I had a job at Tescos while at high school. After university, I needed to pay rent and fund cost of living and eventually buy a place to live.

I worked at startups for relatively little $ salary, and while a couple have done okay, they still are illiquid and worth nothing until some exit.

Perhaps if I erase a couple of dumb mistakes and drawdowns, or if I had a lil more grind, then my answer would be different today. But it is easy to say this with perfect hindsight vision. It’s easy to see where you could have optimised better, and decisions you made look dumb when the past makes things so obvious.

The truth is I have always optimised for enjoying my life and not going to 0. I never felt like I had a safety net, so it was never possible for me to do anything in any other way. I would probably have less money if I had tried to add more risk or chased $ harder, because being all-in with your entire livelihood is a mental battle and I feel I only win that battle when the stakes are lower.

In writing this, maybe I do understand why CT folks believe this, because modern CT sees crypto as a late-stage lottery ticket farm, where the optimal strategy is to 5x leverage up your portfolio in a hope of catching a good 20% move and then leaving. Or, literally going all-in on the next coin they heard Ansem is buying. So perhaps to them, looking back at the charts, of course that’s what successful folks did.

In reality, I use leverage close to never (and typically to reduce risk rather than add risk — have used it to add risk maybe 3 times in the last 5 years, and maybe 15 times ever). I never go all-in on anything, have only ever done that on BTC and ETH before in the last decade. When I buy other things, I limit risk to tiny amounts, because I treat it as a 0 until proven otherwise (so, always <1% liquid portfolio). Liquid portfolio is also a smaller % of overall portfolio to future-proof against my own fuckups.

Obviously I made a lot of money, I have been here 12 years! CT doesn’t want to hear about “getting rich in a decade” though. I am happy with where I am and have never really cared or optimised for maximising $ earnings, but instead having a nice life that lets me enjoy the game we play together.

[Jay A @jay_azhang]

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[tk ⛽️ @tomkysar]

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[Double Tops @2xtops]

Unfavourable market conditions approaching for teams who are still max milking their airdrop campaigns.

[Double Tops @2xtops]

@sunil_trades They are going to bleed the estate dry with these fees. I appreciate the case is complicated but I do not see why it will take another 3+ years to settle 100% + interest to claims.

[Double Tops @2xtops]

@harveydent187 @farmrick @RumpelLabs

[Double Tops @2xtops]

@MingoAirdrop How much volume do we think is worth it? Few m?

[Double Tops @2xtops]

@On_Way_Up @sunil_trades Not sure either, their balance sheet shows a healthy amount of cash but maybe the current liability due to class 5A claims is still greater than available cash?

[Double Tops @2xtops]

@sunil_trades Do you know why they are not able to settle up to 100% of claims &gt;$50K? Their balance sheet says they have the capital but perhaps it is not liquid?

[Double Tops @2xtops]

Looks like the $LINEA checker is live. No need to connect, you can just paste an address. Use their account to get safe link👇👇 @LineaAssoc

[Linea Association @LineaAssoc]

The Linea Consortium has approved a 4% LINEA allocation for Liquidity Providers who participated in the Linea Surge campaign.

SBTs were minted last Friday to eligible wallets as the first step toward distribution.

More details on the conversion of these SBTs to LINEA tokens will be revealed with the official eligibility checker.

[Double Tops @2xtops]

@wronguser000 Besides DefiLlama and Token Terminal, what other sources can be used to research platform fee revenue?