LigmaStCapital

Previously SheepOfWallstrt

[the ghost of groditi’s future 👹 @GRoditiD]

you know how every day has one take so bad that everyone dunks on it for days and weeks to come. i just saw today's. it's real bad. not gonna QT, but its so so so bad.

[LigmaStCapital @LigmaStCapital]

@smdiehl I hate to see you leave, i love to watch you go. Good night❤️

[Coinfessions @coinfessions]

Proudly told my friends when I made it to $1m last year. Literally only lasted one day, down only since then and only have about $1k left.

[Joseph Wang @josephwang]

@nic_carter @mr_precio 3) I think it's strange to back a USD stable coin with BTC - the standard way would be to back a USD stable coin with USD. Choosing BTC introduces exchange risk.

Seems more like an attempt to pump up crypto sentiment, which appears to be a key pillar to the peg.

[Joseph Wang @josephwang]

@nic_carter @mr_precio 2) Anchor protects the peg by offering higher interest to UST holders. IMO this is clear evidence of weakness - strong banks don't offer very high rates, banks on the brink do.

Also eventually weakens the peg, as more UST must printed to make interest payments.

[Joseph Wang @josephwang]

@nic_carter @mr_precio So by operating a stable coin Terra is more like a bank. As long as its UST peg stands it can piggy back off demand for USD.

The peg appears to be maintained using 1) Luna and 2) Anchor's 20% interest rates 3) new BTC reserve fund. I think overall it seems fragile.

[cephalopodshop @macrocephalopod]

1/

Get a cup of coffee.

In this thread I’ll slowly and painfully describe an idea.

That could easily be grasped in under two minutes.

If I didn’t insist on writing in this inane fucking format.

👇🧵

[Kris @KrisAbdelmessih]

@dailydirtnap Cash = option

Option value is maximized by vol.

Inflation is option premium.

[Sofia Horta e Costa @SofiaHCBBG]

Yields on Chinese HY dollar debt just surpassed 25% for the first time.

[LigmaStCapital @LigmaStCapital]

@StockJabber Plot twist: this was you

[High Yield Harry @HighyieldHarry]

When I bought 1,000 barrels of oil back in April 2020 for -$37.63/bbl they all laughed at me.

Who’s laughing now?

[TTI @TikTokInvestors]

What could go wrong?

[LigmaStCapital @LigmaStCapital]

@gh1124_ @RamonGainez @bennpeifert I’m sorry do you think 250k is overpaid?

[SalTheBard @SalTheBard]

@ABot0004 @ThomasLassi Haha I feel this 100%
Me at work: Why the fuck are watching curling?
2 hours later: Jesus Christ what a throw. Team USA set up the perfect guard in the 7th end

[Cobie @cobie]

@kasta_app We are already at a point where Kasta isn’t needed

[merp @0xMerp]

congrats to @0xSifu on broaching 3000 ETH deposited to tornado 🎉

[LigmaStCapital @LigmaStCapital]

@nope_its_lily Gambling

[Kris Sidial🇺🇸 @Ksidiii]

GRRRR, twitter sent the damn thread out before I was done!!!!!

Ok, let me continue,

Here is a chart of $SPY

You can see that type of aggressive buying with that "two way action" that I talk about.

[jacky @JackWilliamRtF]

A cause extremely important to me
🤍💙🤍❤️❤️❤️❤️🤍💙🤍