Risk

A sounding board for dumb ideas.

[Risk @RiskBTC]

5 rules for navigating CT;

1) Good analyst =/ good trader
2) You can't buy a reputation, but you can followers
3) Top traders don't proactively sell anything, it's not worth their time
4) Bitcoin is going to take over the world
5) Bitcoin is a giant ponzi scheme #BTC

[Risk @RiskBTC]

As soon as a metric is defined it's no longer a great metric. Study sentiment analysis over the next year.

Could be the downfall of crypto-twitter.

[Risk @RiskBTC]

Surprisingly all the extractive memecoin scams and VC softrugs weren't great for the overall economic value of the space.
Funny that.

[Risk @RiskBTC]

@MustStopMurad @ercwl Didn't your last bet result in your hedge fund blowing up?

[Risk @RiskBTC]

@icebergy When the space stopped actually trying to innovate and all pretenses of disruption clearly evaporated.
So around 18 months ago.

[Risk @RiskBTC]

Man with demonstrably no moral compass virtue signalling about others with no morale compass.

Crypto really attracts the worst eh

[Risk @RiskBTC]

Fuck these holy than thou mfers "disclosing" after already being publicly outed.

Looking more likely by the day that whatever crypto tried to be has been disrupted by human greed. No surprises I guess.

[Justin Drake @drakefjustin]

I recently became an advisor to the EigenFoundation. I feel the community deserves transparency so here is an extended disclosure :)

1) The advisorship comes with a significant EIGEN token incentive which could easily be worth more than the combined value of all my other assets (mostly ETH). We're talking millions of dollars of tokens vesting over 3 years.
2) I pledge to reinject all advisorship proceeds towards worthy projects within the Ethereum ecosystem, either as investments or donations. I also stand ready to end the advisorship at any time, e.g. should EigenLayer go in a direction I deem to be against Ethereum's interests.
3) I am picky with advisorships (having likely turned down over 100 so far) and I didn't accept the EigenFoundation advisorship lightly. Sreeram first talked about an advisorship in March 2023 and the whole process took discussions over one year.
4) The advisorship happened on the condition that my mandate be limited to researching restaking risks and that I not be included on marketing material.
5) Given my focus on restaking risks you can expect my default public stance to continue to lean critical of EigenLayer. I will try to make my criticism constructive, advocating for mitigations to risks like the erosion of solo validators and the intersubjective overloading of Ethereum consensus.
6) By being an advisor I hope to have a front-row seat to restaking issues and steer EigenLayer from within. As a researcher I feel I did too little too late with regard to liquid staking. This is an opportunity to not repeat the mistake with restaking.
7) Competing restaking platforms provide healthy diversity and I will gladly share insights and bounce ideas with competitors like Karak and Symbiotic.
8) Some people may ask if EigenLayer is trying to systematically "bribe" or "corrupt" the EF. Nowadays the EF is a large organisation with 300+ people. To my knowledge 3 EFers have a formal relationship with EigenLayer entities: one as an early EigenLabs investor, and two as recent EigenFoundation advisors. EFers are some of the highest integrity people I know and I don't see the 1% of EFers formally involved with EigenLayer compromising their morals.
9) Having interacted a bunch with Sreeram I believe he is in our space for all the goods reasons. He has a razor sharp mind and a genuine desire to build something meaningful—what he calls the "Open Verifiable Digital Commons". Sreeram's outstanding character was key to accepting the advisorship.
10) I want to highlight that I'm advising in an individual capacity. This is more than just a legal detail: I live my work life first and foremost as an Ethereum researcher, not as an EF researcher. I try to stay a free and independent thinker and serve the interests of Ethereum even if it sometimes means breaking the mould of expectations that comes with being an EF researcher.
11) I do acknowledge that accepting the EigenFoundation advisorship inevitably comes with downside risk beyond my personal reputation. I hope the above shows that it is at least a considered move with calculated risks.

I shared the above disclosure with additional restaking thoughts at https://t.co/hkS6ZxsXPl

[Risk @RiskBTC]

Building bridges requires meticulous attention to detail for fully secure and robust desig..... what

[Pland @Pland__]

Wormhole forgot to exclude the exploiter from the airdrop

[Risk @RiskBTC]

The laziest attempt to measure economic security convinced a large community to give a 3rd party $1m/y because the community couldn't be bother to figure out what actions were actually needed.
'Grats on diluting dydx stakers

[Stride @stride_zone]

3/6 The main purpose for doing this is to increase the economic security of dYdX chain.

The 20M DYDX deposited with Stride will be staked on dYdX, increasing economic security.

Given the influx of USDC deposits to dYdX, the community thought it prudent to bolster security.

[Y Combinator @ycombinator]

There’s been much debate about the utility of blockchain technology, but it seems clear that stablecoins will be a big part of the future of money.

$136 billion worth of stablecoins have been issued to date but the opportunity seems much more immense still. @harjtaggar

[Risk @RiskBTC]

🎯 Done

[Risk @RiskBTC]

Solana gonna 10x and there's nothing the haters can do about it

[Risk @RiskBTC]

BTC ETF approved

Just wow

[Risk @RiskBTC]

The ECB don't miss

[European Central Bank @ecb]

The apparent stabilisation of bitcoin’s value is likely to be an artificially induced last gasp before the crypto-asset embarks on a road to irrelevance. #TheECBblog looks at where bitcoin stands amid widespread volatility in the crypto markets.
Read more https://t.co/Hk1LuYX2de

[Risk @RiskBTC]

We actually learn things

[Risk @RiskBTC]

Is this isn't bottom things then I learned literally nothing last cycle

[db @tier10k]

[DB] BlockFi Liquidated Crypto to Boost Cash Position, First Day Declaration Shows

[Risk @RiskBTC]

@CurveFinance @zerosnacks @SiloFinance So I can understand, the trade-off here is accuracy vs stability?

If a user is happy to execute a trade at 10% above current price and the price gets bought back down on less liquidity within the same block, state price says the users price wasnt the market price? => inaccurate

[Risk @RiskBTC]

BTC yearly highs but on low volume across major retail exchanges.
If this isn't retail driven then eeteefee confirmed?

[Risk @RiskBTC]

Bull market sentiment, 0 new money, top charts on lower timeframes on btc.
30/40% lower probably the next play.

[Risk @RiskBTC]

@merkleplant_eth What are you trying to show here? I'm pretty sure it's not what you are showing.....

Research Engineer at a Chainlink competitor. FUD attempt checks out ✔️

[Risk @RiskBTC]

@nomos_paradox @BKWeb3 @merkleplant_eth This is wrong and concerning that you lead an oracle protocol.

Check the code: 7 is the minimum responses for a report to be accepted on-chain by this contract. 3 is the amount of dishonest responses the protocol can tolerate in this scenario (3/7)
@ChainLinkGod debunk this fool

[Risk @RiskBTC]

Are we back to the part of the cycle where people respect @Galois_Capital opinions on markets again after blowing up a fund?

[Risk @RiskBTC]

Dude posts a screenshot of a "call" taking a 40% haircut to the bottom like some hero.
This space is such a fucking larp

[Risk @RiskBTC]

Price targets coming out all over the place at 20%+ higher than right now (btc touched $35k)

Hedged exposure, market needs a cool off a little.