80sCruiser

Computer Scientist. Sr. Software Engineer / AI Engineer @ FAANG. Commentator on markets. Crypto hobbyist.

[80sCruiser @80sCruiser]

A thread on how I managed to recover 35.3k of the $USDT that I lost:

1/n So I mentioned in a previous thread that I couldn’t withdraw the 37k that I deposited in Planet Finance bc it had all been lent out to ppl

[80sCruiser @80sCruiser]

It turns out I was not unaffected by the Terra meltdown. I supplied 37k USDT on planet finance and the @chainlink price feed manipulation coupled with Wormwhole bridge being disabled during the depeg caused liquidations to be missed and my deposit insolvent (total loss). Damn

[80sCruiser @80sCruiser]

@beyoncegarden Believe it nor this house still costs less than a 3br house in California.

Looks like Sienna Plantation in Sugarland

[80sCruiser @80sCruiser]

@Heavenly_Race_ Nah the most intelligent people can dumb down the most complicated concepts.

Literally Feynman’s whole spiel

[80sCruiser @80sCruiser]

@BernieSanders How much is the working family of 4 paying in taxes? Bezos just said they wouldn’t pay anything so gotta factor that into the comparison

[80sCruiser @80sCruiser]

@AutismCapital No thanks I’d rather cement my fate as permanent member of underclass and virtue signal instead.

[80sCruiser @80sCruiser]

@BillGatesOHell @MemesUpMyAss Wow that’s amazing that your gas prices didn’t go up at all because of this Iran bullshit.

Truly amazing they didn’t rise a single cent. Never heard anything like it before.

Absolutely incredible. You must be very smart. Congratulations.

[80sCruiser @80sCruiser]

@cmalex79 @_NolaR_ @RealPostFolder Like being the child of a rapist raised by a single, depressed mother?

[80sCruiser @80sCruiser]

@Voignschtuten @jparkjmc AI slop

[80sCruiser @80sCruiser]

I continue to believe there is no reason (besides desire to tinker) to learn how to run multi-agent orchestration setups or manage context graphs etc. like everything else it will be abstracted away.

Continue to refine understanding the problem and prompting with good inputs.

[80sCruiser @80sCruiser]

@Lib_tardlocator @akafaceUS If you can’t tell this is AI, you need help

[80sCruiser @80sCruiser]

@ASvanevik $$$ per output token >>>>>> $$$ per input token (especially when considering prompt caching)

So yes, you’re right

[80sCruiser @80sCruiser]

@undercoverwhale Oh for fuck’s sake please stop.

Coming from someone who has made a stupid amount of money in this space.

The days where crypto was one of the most +EV spaces you could invest / gamble in are over. It is -EV for most and they will have far more success in most other spaces.

[80sCruiser @80sCruiser]

Name one alt that has worth and value and what you think its market cap should be and why

[John Smith @JohnSmi69178247]

@DonAlt @KritZ_1337 @0xMerp Do you think there will be a flight to utility and/or actual use case when it comes to alts? In other words, will capital flock to alt coins that actually have some worth and value?

[Cred @CryptoCred]

Crypto's current state is a bit shit

1. Market cap is not an indicator of quality - the top 50 is made up of ghost coins or bloated governance slop that has underperformed and is uninvestable

2. The long tail speculative stuff went from high risk high reward to 'some dude in Miami is going to zero this if you hold it for more than 5.9 seconds'

3. Everything is extremely correlated and you can't meaningfully make bets based on sectors as it all converges into a tightly correlated mush, especially to the downside

4. Broad brush alt season is an artefact of the past that's very hard to replicate given (2) and given that there are simply too many coins and the excess of speculation doesn't really happen on centralised exchanges anymore - it's been siphoned off to bundled shit in max PvP settings

5. Crypto reputationally is no longer the sexy frontier of speculation. Institutional bid is in AI, retail speculative bid is in 0DTE equities, single name stocks etc.

6. Convexity has flattened. Even a lot of the historically safe blue chip stuff (BTC, ETH etc.) has underperformed and the historical anchor of 'buy deep drawdowns because all-time highs are guaranteed and explosive' has disappointed. All the shit we used to put up with because of the accessibly massive trend and momentum effects is now harder to justify because those same effects are getting neutered or siphoned off into other arenas.

The obvious rebuttal is 'cycles' but even this past cycle is a useful counterpoint: it was extremely concentrated versus broad brush wealth effect, plus something very obviously broke after 10/10.

So what does this all mean?

1. In previous cycles, nailing timing was enough and selection was the cherry on top (rising tide lifted all boats). I don't think that holds - both timing and selection matter now and in the future.

2. Participation alone can be an edge if the asset class is early enough and/or mispriced enough. I don't think that holds either, and we might actually have to learn how to trade (fuck).

3. Hopefully I'm an idiot doomposting the bottom

GM

[80sCruiser @80sCruiser]

I really think your time is better spent actually trying to accomplish something with AI instead of optimizing your setup endlessly (unless it is happening naturally while building)

Like everything else, the optimal setup will eventually be abstracted and automatically applied

[80sCruiser @80sCruiser]

I see a lot of discourse around optimal AI development setups.

Personally, I am also just “raw dogging” it with VS Code, a terminal and some exposition on something I want to accomplish (sometimes new, sometimes an update) with some details on how with room for discussion.

[80sCruiser @80sCruiser]

@cryptoklotz I mean I’ll have a chuckle too if pigs shit rainbows

[80sCruiser @80sCruiser]

@XFreeze Binary is platform dependent (x86, ARM, etc)

Programming languages aren’t.

“Oh no there’s a bug in the ‘implementation’” => time for a unique patch fix for every chip architecture guys (ignoring that these models can’t even read binary yet, let alone write it)

[80sCruiser @80sCruiser]

I am pretty liberal but find most of the virtue signaling from the liberal party to be pretty insufferable

That said, none of it holds a candle to this MAGA reaction to Bad Bunny’s show (and the rest of their bullshit)

Have fun digging your own grave listening to Geriatric Rock

[80sCruiser @80sCruiser]

I don’t talk about crypto much anymore because it’s not worth talking about and you’re much better off dealing with other markets now

But if you happen to be in one of the random coins (*literal shit*) that happened to go up 20%+ today, you’ve got 1-2 days tops before exiting

[80sCruiser @80sCruiser]

@KurtSupeCPA Depends on if grandpa plans on giving something to grandson in his will.

If he is, then grandpa should run the numbers to be absolutely FLABBERGASTED by how MUCH of a difference it would make to give it now.

There are feelings about this and there is math and one is correct