Hearing so many squabble over perp dexs
Flash trade sucked and guess what
Phoenix sucks too
Neither have any chance of competing with hype, lighter, Variational
Just go use Variational for a couple weeks and then try to use Phoenix
They've really reassembled the griftvengers to shill the largest steaming pile of memecoin waste into your grills while they chat copius amounts of slop on podcasts and live streams about how rich and goated they are to sucker you in before eventually sailing off into the sunset
As I’ve been traveling through new online identities and purposes I’ve realized that crypto just doesn’t interest me anymore and the upside isn’t what it once was unless you’re high risk perp trading or meme hunting
Physical AI is the next “thing” and that’s what I’m going to laser in on
I hear all the time “it’s a skill issue”
Bruh, 90 percent of traders of memes and perps lose money
That’s not a skill issue, that’s an extraction psyop issue.
The longer you play, the more you lose
The house always wins
@topGzed@vibhu Well have at it, I’m fine not having that as a skill. Much better ways to spend a life then lurking in the trenches. Data doesn’t lie. It’s a losing game. You sound like the people at the casino who swear by their strategy playing slot machines
NEW: SOLANA-BASED PERP PLATFORM @FlashTrade TO WIND DOWN OPERATIONS IF THEY'RE NOT ABLE TO FIND AN INTERESTED PARTY FOR ACQUISITION
"ETHICALLY WE ARE MISALIGNED WITH THE CURRENT DIRECTION OF THE CRYPTO ECOSYSTEM"
"IT'S CLEAR TO FLASH TRADE BASED ON OUR OWN FLOWS THAT TRADERS WANT TO PUSH FURTHER OUT ON THE RISK CURVE. WE NEVER FOUND A WAY TO SERVE THAT DEMAND WHILE SITTING COMFORTABLY AND THAT TENSION NEVER RESOLVED INTERNALLY FOR THE FLASH TRADE TEAM"
Everytime things go up a little I see all these hype posts but by the time you read them everything is back down already
3 months from now people will probably be posting “we’re so back” cause Solana hit 74$
I guess I have become “doomerish” on memes. It just feels like that’s the past let’s create something new that’s useful that will attract people back
There’s no way we compete with AI stocks with meme coins. If we’re going to bring shit back NFTs were a lot more fun
One reason crypto can’t get mainstream adoption is that you can’t expect people to pay 5-10 percent to on-ramp
Solflare, MoonPay, trust, etc all just tried to charge me 30-40 dollars to buy 450 in stables. Fuck that noise
It shouldn’t break the bank to buy stables
I think we’re all fried
A 3x means nothing to people anymore so we search for ways to 100x and most people lose it all in the process
If we don’t teach the new wave about extraction, slippage, margin, liquidation, etc… there prolly won’t be another new wave after that
The AI will outsmart the grifter eventually anyway I guess
You know why Stocks are up 300 percent this year and crypto is down
Imo it’s because crypto does nothing to help society, everything that sees volume on it is built to extract
AI stocks are exciting to people because they believe it will change the world. How I used to feel about crypto
I’ve become ultra bearish on anti-memecoin/anti-speculative-use-cases doomers (I used to be one myself)
Being a gambling doomer is low-cost status
All of finance sits somewhere on the speculation spectrum
Young people take more risk and older people take less, this is simply how human brains work
If only the lowest risk use cases but none of the highest risk use cases for digital money move onchain, it isn’t possible to win because technology revolutions are led by young people
The kids that grow up with crypto are the ones that will make it the default in society
We need to meet these young people where they are, not force upon them a vision for what we think is dignified
The problem is that most of these meme coins and gambling apps are liquidity extractors of young retail traders who mostly can’t afford to be gambling by wealthy market makers and that’s where the anti sentiment comes from which makes sense. But long term the meta is probably a net negative for crypto. It’s why ppl don’t take crypto seriously. It’s why so many people lose money and lose hope. I posit that crypto would be better off without 90% of the pointless speculation. The reason young people are gambling and losing money on these speculative projects is because they are desperate and not because they believe in them
Idk am I supposed to be excited crypto will be taken over by ai agents and meme coin degens? At least with perps the gambling seems sophisticated, but I’m sure Jeff and any other perp DEX founder knows deep down their clients are losing money.
Someone build something interesting please