Pask

Cardano Stake Pool Operator. "Berry @ creator.
Independent Developer.

[Ben 🇬🇧🇺🇸🇯🇵 @benohanlon]

GM SPOs – quick nudge to vote. Community momentum is behind upgrades like the integrations budget, but none of it moves until the Constitutional Committee is restored. Approving the new CC member gets Cardano unstuck.

All the links you need in this linky: https://t.co/woLEa2WlpE

[Pask @PaskLab]

@Hornan7 Pretty much how I think

[Pask @PaskLab]

@TheOneLanceB I don't see a lot of 7 but I would include it. Indicators only display information in a different way. It's traders that are biting dust by using them for something they're not.

[Charles Hoskinson @IOHK_Charles]

Despite the worst liquidation in the history of Crypto with Ada temporarily losing 60+ percent of its value, Djed held its peg https://t.co/IDjyjTF5Ja

[Lance Breitstein 🇺🇸🌎 @TheOneLanceB]

THE REAL EXPLANATION OF WHY SO MANY CRYPTO TRADERS BLEW UP

I’ve been fascinated by the crypto saga and also people’s reactions to it. Many people try to rationalize the action and paint those involved as idiots or unskilled.

There is no better book to explain what occurred than Psychology of Money by @morganhousel

Most traders think blowups happened because of bad risk management or the leverage. Sure, but that’s only the first-level cause. Or if anything, it’s the symptom.

The real cause is psychology. Even the best traders build risk systems, but those systems can often fail when the mind that built them starts overriding them. Risk management fails because human nature takes over when money, ego, and the social media-fueled comparison enter the equation.

One notable crypto whale was on a race to $100M in profits. In anchoring to that arbitrary goal, much like I took my biggest less anchoring to an arbitrary goal, he proceeded to blew up over $60M.

Neither of us are idiots or unskilled. Psychology truly drives most lapses in decision making and the biggest losses of money, not a lack of intelligence or strategy (case study - read about the Long-Term Capital Management saga)

Morgan Housel wrote, “Financial success is not a hard science. It’s a soft skill, where how you behave is more important than what you know.” That single line explains why so many smart, experienced traders still blew up during the crypto boom.

As crypto has been on a year-long surge, Crypto Twitter became filled with traders posting seven-figure or even eight and nine-figure profits. Your friends, your community, and your social comparisons in that world started to get rich very quickly - especially the most levered ones!

When that happens, it triggers the most dangerous emotion of all… envy. As Housel says, “People don’t want to be rich, they want to be richer than their neighbors.” Social media makes that worse. Suddenly your “neighbors” weren’t just people you knew, they were anonymous avatars showing 100x gains and exotic cars. That comparison game normalized leverage and extreme risk.

Stories of traders turning $100k into $50m weren’t warnings, they became goals. Wallstreetbets does similar. But those traders do it with massive leverage, and now many of them are gone.

“The hardest financial skill is getting the goalpost to stop moving,” Housel wrote. In crypto, the goalposts were moved so far back that risk of ruin for many became an inevitability.

Nothing is more powerful than ego and status. Judging our own place in that world versus where others stand comes to replace self-worth. Especially in youth and those that are most financially vulnerable.

Friday’s collapse wasn’t manipulation. It wasn’t Trump’s fault. He was just the spark. It was an inevitability due to the amount of leverage built up in the system.

That leverage was the result of unchecked psychology multiplied by social contagion and leverage. “Wealth is built quietly and destroyed fast,” Housel wrote. And crypto proved it.

If you don’t master your psychology, no system will save you. Markets don’t punish ignorance as much as they punish emotional inconsistency.

If you haven’t read The Psychology of Money, it’s one of the most important books for traders to understand why behavior, not intelligence, determines survival. And Morgan Housel’s new book The Art of Spending is out now. I’m reading it and loving how it explores what to do once you finally master making money.

Stay safe this week everyone 🙏

[Pavel Durov @durov]

I’m turning 41, but I don’t feel like celebrating.

Our generation is running out of time to save the free Internet built for us by our fathers.

What was once the promise of the free exchange of information is being turned into the ultimate tool of control.

Once-free countries are introducing dystopian measures such as digital IDs (UK), online age checks (Australia), and mass scanning of private messages (EU).

Germany is persecuting anyone who dares to criticize officials on the Internet. The UK is imprisoning thousands for their tweets. France is criminally investigating tech leaders who defend freedom and privacy.

A dark, dystopian world is approaching fast — while we’re asleep. Our generation risks going down in history as the last one that had freedoms — and allowed them to be taken away.

We’ve been fed a lie.

We’ve been made to believe that the greatest fight of our generation is to destroy everything our forefathers left us: tradition, privacy, sovereignty, the free market, and free speech.

By betraying the legacy of our ancestors, we’ve set ourselves on a path toward self-destruction — moral, intellectual, economic, and ultimately biological.

So no, I’m not going to celebrate today. I’m running out of time. WE are running out of time.

[Brave @brave]

Big news: Cardano is now fully integrated into the Brave browser! 🎉

You can manage assets, execute transactions and participate in governance in the browser without an extension. Just use Brave's built-in wallet!

[Charles Hoskinson @IOHK_Charles]

Proud to be working with Google on Midnight. They are a wonderful company and add a ton of value to our ecosystem

[Jenny Brito @Jennycitalinda]

I found this leaf today, and it reminded me of something we often forget: everything has cycles.

The birth, the growth, the fullness of life, and eventually, the transformation into something new. Every color, every stage, is part of the story, none less important than the others.

In Cardano, our community also moves in cycles. We open new ones when we innovate, when we welcome new voices, when we take bold steps. And we close cycles when projects finish, when experiments end, when we learn and move forward.

If we open and end cycles mindfully, we get to experience the full range of possibilities: growth, renewal, and resilience.

Just like this leaf, our colors shine brightest when we embrace the whole cycle, knowing that endings are not failures but the soil for new beginnings... 🍃🍂

[Pask @PaskLab]

@Jennycitalinda @Hornan7 @CardanoSummit Congratulations Jenny!! Great to see some acknowledgement of your work and commitment! ♥️👊🏻

[Mike Hornan ⚜️🇨🇦|ABLE| pool SPO @Hornan7]

This is without doubt one of the best articles I’ve read in months. I strongly encourage every Cardano holder I know to take the time to read it.
From @WhiteNileTech 😃📄
https://t.co/kaSUNVECaC

[Pask @PaskLab]

@Star_Forge_Pool @AaaStake Yeah, pretty good at that 🤣

[Pask @PaskLab]

@Star_Forge_Pool Time to get Lucy a pay raise. Double the snacks 🦴🦴

[ATADA / ATAD2 Cardano StakePool Austria @ATADA_Stakepool]

SPOs, i know its summer/vacation time, but PLEASE make your vote on the CC update governance action! There are only a handful of actions that require an SPO vote, this is one of them. You can also delegate your pool rewards account to the auto-abstain drep if you wanna stay out of "politics".

So please vote on
https://t.co/6FS9ad7XAm

[Pask @PaskLab]

@ATADA_Stakepool Done, you deserve it ✌🏼

[Pask @PaskLab]

@Hornan7 @Jennycitalinda @AdamRusch @adamKDean @BeatriceAnihiri @therealdisasm @rickmccracken @TheUnpopularEL @Cardano_CF @coc_space @cardano_whale Of course 👍🏻

[Pask @PaskLab]

@Jennycitalinda @Hornan7 @AdamRusch @adamKDean @BeatriceAnihiri @therealdisasm @rickmccracken @TheUnpopularEL @Cardano_CF @coc_space @cardano_whale

[Pask @PaskLab]

@Jennycitalinda @Hornan7 @AdamRusch @adamKDean @BeatriceAnihiri @therealdisasm @rickmccracken @TheUnpopularEL @Cardano_CF @coc_space @cardano_whale Yes would have been great 😟, I reinstalled both app on my phone, my detox is over 🥴

[Pask @PaskLab]

@therealdisasm @Jennycitalinda @Hornan7 @AdamRusch @adamKDean @BeatriceAnihiri @rickmccracken @TheUnpopularEL @Cardano_CF @coc_space @cardano_whale Thanks Samuel 🙏