birke e/rac

gib alpha

[merp @0xMerp]

lots of weird funding stuff going on lately, probably indicative of the fact that 10/10 + bear market + crypto underperformance has finally washed out all the tourists

the amount of bottom signals has been quite remarkable

[Nicholas Fabiano, MD @NTFabiano]

Mocking unconsciously repeats negativity and inadvertently shapes your identity.

You become what you repeat.

Neuroplasticity can't decipher between good and bad.

[Taiki Maeda @TaikiMaeda2]

So all we had to do was to buy BTC after CT got max bearish after a 50% drawdown?

That’s crazy!

[Dylan O'Sullivan @DylanoA4]

La Rochefoucauld, what a line

[Avi @AviFelman]

The Citrini article reminded me of a story when I first started trading, they told me I was never going to compete with hedge funds because they "bought satellite imagery of walmart parking lots to estimate earnings"

Turned out to be reasonably unhelpful. But one thing I did learn is that my CIO would go into the retail stores he was thinking of buying the debt of and monitoring who, and what kinds of people were buying.

Human intelligence when investing is more underrated than ever in a world of LLMs and instant research. Go use the product you want to invest in. Go to the store. Buy the service. See it with your own eyes.

Maybe not everyone should go into an active war zone, but if you want to, at least take videos

[Kpaxs @Kpaxs]

Embarrassment is a social immune response. It evolved when humans lived in bands of 50-150 people and social rejection meant literal death.

High-agency people have updated their threat model from “savannah, 150 people, exile = death” to “internet, 8 billion people, rejection = information.”

Same hardware. Different software. And the software update is available to everyone, but most people are still running Embarrassment OS version 50 000 BC.

[Kpaxs @Kpaxs]

High-agency people seem to have this weird immunity to embarrassment.

Getting rejected? Not embarrassing, that’s just data collection.

Looking naive? Not embarrassing, that’s just information asymmetry you’re fixing.

Breaking minor social rules? Not embarrassing, most rules are just Schelling points anyway.

What would be embarrassing to them is not trying. That’s the thing they can’t live with.

[Ethan Kho @ethanrkho]

"If the idea is not making money within months or a couple quarters — I'm wrong. Full stop. I'm cutting it."

@orrdavid Ex-poker pro. Hedge fund founder. 40%+ annualized.

"In poker the feedback loop is so fast that within even a session you've made so many bets. I have way more reps than most fund managers."

"There's that saying — you'd rather be right than make money. Poker beats that out of you."

Most fund managers stay wrong for years. They'll hold a losing position for three years and keep morphing the story. Poker doesn't let you do that. Neither does David.

[smolting (wassie, verse) @inversebrah]

banger, forever smolchained

[Avi @AviFelman]

Do not forget that Elon fired 80% of Twitter prior to strong AI tooling

When they fire you, it’s a pretense. It was always available to them. They just have cover now.

We are losing a piece of social technology: the fake job

[Nick Szabo @NickSzabo4]

It seems Jane Street may have had a long-standing culture that essentially trained crypto scammers, and perhaps also concocted and ran some of the scams themselves.

Terra/Luna was a jenga tower waiting for somebody to topple it, and it may have been Jane Street that figured out how to do it. If crypto is not strong and secure against such things, it provides little or no benefit over traditional finance, so I'm not going to cry about this, and perhaps it should even be applauded.

The alleged Bitcoin ETF market making + "10 am" selling with that liquidity sounds like a considerably more problematic conflict of interest. "Negligent" might be a good way to describe the ETFs who naively trusted Jane Street with this function. Now the once-hot crypto ETFs are draining because of an understandable reduction in trust, not in the coins themselves, but in the way Wall Street "makes markets" for buying and selling them.

In finance "everyone is a scammer" -- and you should stop blindly trusting scammers.

That is why Bitcoin OGs have long said, "Not your keys, not your coins," "don't trust, verify", and even "trusted third parties are security holes."

And when "the market" is so dependent on trusting strangers, especially strangers who still don't actually understand or like Bitcoin all that much, it's also not your "market price."

https://t.co/KhOX16gKZ3

[gainzy @gainzy222]

24 million in volume

Zach literally stated he interviewed people as part of this case

So you’re willingly trading markets with a predetermined outcome that your counterparty knows

Fucking idiots.

[Evanss6 @Evan_ss6]

ZeroHedge is living proof that you can operate with a room temp IQ, successfully predict 84 of the last 2 recessions, and still somehow stumble your way to 2.5 million followers.

It’s essentially astrology for men who believe everything is a conspiracy

[PerpetualCow.hl @PerpetualCow]

The Monero black pill:

Ever since $XMR got delisted from the largest exchanges like Binance and Coinbase, there has been a chokehold.

Majority of volume and liquidity now comes from the only 2 exchanges left (KuCoin and HTX).

But majority of XMR holders don’t use KuCoin/HTX directly because the AML requirements as a retail user is almost impossible to pass. You will certainly get your account locked if you use it long enough.

I won’t even mention MEXC since that’s such a clear trap that is now an open secret of scamming their customers.

Instant swap services have corporate accounts on either KuCoin or HTX, although majority is actually on KuCoin.

So when you swap on Trocador or any other service, your XMR is most likely being sourced from KuCoin since most services don’t have their own liquidity.

The ones that do have their own liquidity have terrible rates and very low XMR inventory to facilitate big swaps.

The problem here is that you go through a barrier when using instant swap exchanges:

The instant swap exchange needs to make sure that when they deposit your funds to KuCoin and buy XMR for you, your funds have no illicit links at all.

Therefore they will steer to the side of caution when it comes to your wallet risk score.

Even if THEY think that your funds are clean and the link to illicit funds is very speculative, they will still freeze your transaction because of the concern that KuCoin will freeze their deposit, leaving them with a loss by facilitating your swap.

After all, imagine if your swap goes through and FF gives you XMR in exchange for ETH but KuCoin decides not to accept their ETH deposit, freezing THEM instead?

It gets even worse because other swap services are essentially wrappers of the big swap services.

So the smaller swap services take a quote from the larger swap service who does have an institutional account with KuCoin/HTX and take an extra fee on top of that, pretending to have their own route.

That’s the big problem.

You can’t even blame the instant swap services for conducting business this way, it’s the centralized exchanges that have this chokehold over them.

The majority of $XMR inventory from KuCoin/HTX comes from institutional miners who have corporate accounts setup with them as well, where they can reasonably prove that the coins deposited in are freshly mined.

They have long lasting relationships with each other since the mining market on $XMR is far smaller than on $BTC for example, giving them incentives in fees rebates to deposit/trade.

Now think what that does to the price action of $XMR.

Some buys (particularly in high size) get prevented from order flow due to the frozen swaps whereas freshly mined $XMR inventory continuously gets dumped onto the market.

Monero’s price discovery has a natural trend of running against the wind as a result, it takes MORE (attempted) buys to cover the mined coins entering the market.

It doesn’t have to be this way.

Since Wagyu routes everything through Hyperliquid (a DEX), there is no chance of your funds being frozen.

It’s truly P2P, the concept of no retail or institutional accounts doesn’t exist.

We have miners already depositing directly onto Hyperliquid without needing long standing relationships with a centralized exchange to prevent them doing business.

When people ask me where does Wagyu’s XMR comes from, the only answer to that is OTHER PEOPLE.

Underneath Wagyu’s instant swaps is an order book exchange where anyone can deposit/withdraw XMR, secured by Hyperliquid infrastructure.

It’s truly P2P, you are trading against other people and market makers providing you competitive rates who don’t have to worry about their $XMR inventory worth $1m suddenly being held hostage by a CEX.

Yes, Wagyu is not fully decentralized right now, but it’s FAR MORE decentralized than the other alternatives right now who have a chokehold on $XMR.

Wagyu offers an alternative route with its own liquidity, allowing you to go straight to the source for $XMR at the same rates as a CEX.

[ChimpZoo @ThinkingBitmex]

Big brain Roy Niederhoffer has earned 20% per year for the last few decades

His brother Victor was the ONLY fund manager to retire from Soros while ahead

His price target for BTC? Up to $450m in the next 20 years

If you're not this bullish - you don't deserve to be in Bitcoin

[Nick Szabo @NickSzabo4]

@dr_duchesne After the great fusion of the steppe and early European farmer peoples 5000-4200 years ago, genes in Europe were stable from migration from that prehistoric time until the last decades of the 20th century.

[Avi @AviFelman]

Silver and Gold may collapse in speculative mania, but it’s giving you the opportunity to acquire rare earth minerals and uranium. Both of which have strong fundamental drivers, and are being unfairly dragged around by the metals frenzy.

[Kyle @zeroxkyle]

btw this + critical thinking + basic philosophy is all you need to succeed in life

study history, psychology & you will be able to predict the future with >50% hit rate

[insomniac @insomniacxbt]

the macro health trend in a chart

peptides, genomics, biohacking, etc.

until I have done more individual ticker dd, this seems like decent exposure

arkg

[Zaheer @zaheerebtikar]

The trenches are 100% real and you must put yourself through them in these pivotal years.

It has been and continues to be time to gamble it all on the most rewarding outcome, god-willing.