Sat_O_Shiii't

[CragHack | GoH @0xCragHack]

I chose this reply format @bread_ - painting directly on the @megaeth Terminal, hope it’s convenient.

TLDR
1) Most mega apps are either gambling or whale-only.
2) Build a proper ref system like Blast and a transparent points system - degens will do the rest themselves.

In my original post I wrote about 10-15-20 apps where users will lose money. Obviously I was rounding, but even in the image the point is clear: the red ones are basically ponzi/gambling/futures/etc. Apps, where I just can’t tell people: "HEY GO USE THIS, YOU ACTUALLY HAVE A GOOD CHANCE TO WIN/MAKE MONEY!"

You can argue with this and some people may disagree with my circles. I based it on the app descriptions and my own experience using them or similar apps before.

> @bread_ "It's that way to avoid explicit farming and inorganic activity.
If I tell you do X to get Y then everyone will min-max that setup instead of just...trying apps"

You’re right and I agree, but you have different layers of protection, including mandatory KYC at the end of this season

I talk to people who spent hundreds of hours on @blast apps back in the day. Some of them STILL build decks in @fantasy_top_ LOL.

Blast was loud. There were refs, including Blast’s own referral system, and every gold update for apps became a new catalyst.

> "They're financial, because it's blockchain and everything is financial on a ledger"

But at the same time, people are deprived of the ability to make smart moves. I’m deprived of the ability to write loudly and beautifully about @megaeth because I simply DO NOT UNDERSTAND WHERE I’M SUPPOSED TO DIRECT PEOPLE HERE.

During Blast, my entire Telegram was full of posts about Blast, strategies, ideas, discussions.
Everyone cared.

You know how many posts about MegaETH I saw in my info bubbles after TGE? Zero. Okay, maybe a couple overview posts like "Terminal launched but there’s nothing to do, full skip."

Take the good parts from Blast.
They genuinely had a great referral system and the whole web3 world was screaming about them. Their transparency made hundreds and thousands of people spend time figuring out how to maximize their points.

You’re afraid of farmers?
I get it. But you wrote it yourself - once again:

>They're financial, because it's blockchain and everything is financial on a ledger

EVERYTHING IS FINANCIAL.

I saw MegaETH as the most degen launch of 2026. But I simply don’t understand what I’m supposed to do here if I’m not a gambler or a whale. And I don’t understand what I’m supposed to tell my audience.

$Mega Respectfully,
Craghack

[Yanny @yanikmtandere]

@unusual_whales Only communism can protect capitalism from communism.

[Nillion @nillion]

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We all should talk more about privacy
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[Sat_O_Shiii't @Sat_O_Shea]

@maruushae Did you dip your foie gras into your coffee?

[Chilla @chilla_ct]

https://t.co/gsr3ZTcxMk

[Sat_O_Shiii't @Sat_O_Shea]

@ethereum A transparent and easy to use ledger for governments in third world countries

[6529 @punk6529]

23/ The EU is the only other economy in the weight class of the United States and the only economic superpower that also believes deeply in constitutional democracy.

It is important that the EU comes along for Web 3 and for a rights based approach to digital architecture

[Sat_O_Shiii't @Sat_O_Shea]

@apex_ether @sassal0x 2

[s @sershokunin]

the most unique thing about this cycle by far and away is that the giant winners were the ones who built genuinely great products and had a north star of democratizing to make things more "fair".

Ethena : productizing one of the highest sharpe / low risk strategies in all of finance that also happens to be highly scalable. 1 click spot - futures basis trade for ALL no matter who/what/where you are. Funds have made fortunes on this trade since the start of crypto and now anyone can.

Hyperliquid: the best perp dex by 100x, and a master class in how to reward the community of REAL users. No VC money, and fulfilling the OG promise of crypto; distributed, user owned protocols. Just so happens that exchanges are the GOAT business of crypto, and now literally anyone can own a piece of on chain binance.

Echo: The greatest arb in crypto for decades has been in venture investing; privileged access at low prices. Echo allows for the little guy to participate at the same prices. ala mega eth at 200m. Cobie one of the few ppl in crypto who has the cred and access to truly level the playing field.

Cannot stress how unfair the game of crypto has always been, and so to see the founders being rewarded and communities recognizing real from vapor is super dope.

mad respect to all of you
shoku

[Sat_O_Shiii't @Sat_O_Shea]

Long, increase leverage, share pnl.

Valhalla (@valhallaperps) is innovating on-chain perpetuals enabling new opportunities and juicier yields on the MegaETH ecosystem.

Just joined the waitlist and stacking alpha in real-time.

Join here 🦅 https://t.co/AWl9F6Np8k

[Sat_O_Shiii't @Sat_O_Shea]

@alainastruc @SmokeAwayyy @elonmusk “The limits of my language are the limits of my mind. All I know is what I have words for.”
Ludwig Wittgenstein

[Harry Ellis @G00dBread]

@daveg Not sure I follow the point about grande écoles, STEM and finance… France has always placed STEM on a much higher pedestal than any Anglo-Saxon country. Math and going to X has always been the pinnacle. HEC is far more practical than most US schools…

[𝕯𝖆𝖓𝖌𝖊𝖗 @safetyth1rd]

Gnosis has been an incubator for some of the coolest stuff in crypto
-Cowswap
-Safe
-Gnosis chain
-gnosis pay

not sure what they put in the water in Berlin but @koeppelmann and team have been cooking - for years

[Richard Galvin @richwgalvin]

Most of the problems in crypto capital markets arent new - they have largely been solved in equity markets over the last 50 years.

The key issue I see in crypto, which drives the forward curve problem Jordi mentions below, is too many tokens trade way too rich upon initial listing. Equity markets worked out a long time ago the best outcome, for all shareholders - founders, VC, retail and institutions - is a price that rises over the medium-term post listing. All shareholders make money - immediate benefit is obvious but also has the second order benefit that the company retains better access to funding in the future as happy shareholders more likely to reinvest in future cap raises/founder sell downs etc.

Cant just blame low float in crypto either as IPOs often have low-ish floats at listing too and seem to manage it.

So whats the solution equity markets found to get a more rational initial trading market? Conduct a price setting process just prior to listing amongst institutional investors who then have liquidity. A company setting a price with those with the most resources to value it and likely to act most rational and at a time that matches the market sentiment in which trading will start. In some jurisdictions this price is also used for retail investors who participate in the IPO. Typically participants in this process have liquidity so if the market rallies too much, too early they will sell providing some tempering of post IPO trading.

Why doesnt crypto do this? Regulatory uncertainty is the key one, also the liquid fund market is too small, and in some circumstances founders falsely value the sugar-rush of short term token price spikes which typically do way more harm than good.

2017 ICO boom got the closest to this structure - bookbuilds of some form just pre-listing. Unsurprisingly was a much more positive experience for everyone, except the regulators... But some variant of this, longer term, needs to be worked out.

[τaonomics (τ, τ) @darkobro1]

Crypto was founded on the principle that people don't have to rely on big institutions or countries.

Now you have VC's, Funds and these institutions scooping up large swaths of the supply from seed and other series to dump them on retail when they unlock.

"too many tokens trade way too rich upon initial listing"

why do we have listings in crypto? It should be publicly accessible from day 1 and available to everyone who wants to build.

Why use TradFi ideas for Web3? They are Completely different asset classes.

[Volastra @0xVolastra]

A lot of people in Ethereum have a negative bias towards Finance and think it's "evil".

Finance is currently the coordination center of our civilization. It includes: Money, Payments, Banks and Markets.

Unlike politics, if you're wrong in Finance you'll pay it.

TradFi is a HUGE heterogenous group that people ascribe malign intentions and Crypto is seen as a group with benevolent intentions.

Without understanding that things are different in reality.

My parents or friends who work in TradFi have the opposite bias. Seeing crypto as "only for scammers" and TradFi as the only place with guaranteed protection(partly true).

The current financial system is a HUGE mess because of discrepancies. The SYSTEM itself is the problem. Trying to maintain a ledger for each bank, each fintech, each market is insane. How data is collected, how govs and banks try to prevent a crisis but in the end amplifies it, all because it's a complex system.

Open Banking was an attempt from banks to solve the issues above, since the 2000s but it's a failure because it amplifies the weaknesses of the current system.

Creating a global distributed ledger that is censorship resistant like Ethereum is really a MIRACLE.

This is the reason why Fed Gov Christopher Waller talking about the future of money, payments and banking mentioned Stablecoins and Decentralized Ledgers.

I know, I know, central banks are evil, but not everyone working in central banks are stubbornly describing Crypto as "developers creating crime tools". Some people like Fed Gov Waller understand the importance of changing the financial system for the better.

Ethereum's Censorship Resistance as a Global Distributed Ledger is a great feature to become a Neutral Global Financial System.

Finance is the coordination center of our civilization. EVERY APPLICATION needs finance either for payment, fundraising, borrowing, salary, etc...

Ethereum is the new financial system.

[DCinvestor @DCinvestor]

hitting the “not interested in this post” feels a bit like weeding in my backyard

at first it’s you think worthwhile. lawn looks clean for a few days. but then you realize your fighting a losing battle as the weeds overwhelm you. near the end of the season, you give up

then you realize it’s probably not an accident @X made it hard to hit those 3 dots on your phone to get to this menu to begin with

i suspect @elonmusk doesn’t want you to curate your feed. he wants you to give up and accept and become part of the hive mind mob on this site

it’s truly a frustrating and dehumanizing experience browsing my feed at this point. i feel like i have no agency. and changing to “following” isn’t an answer on a site like this

i can only say i hope things change. we have the technology

[riddler @RiddlerDeFi]

Pre-Markets have become more popular within DeFi

To the point that they're used as a framework for the estimation of launch prices and airdrop values

I'm looking at a new pre-market protocol: @prepo_io

It's possible to trade pre-stocks, pre-tokens, points, and more pre-assets here

The V2 Markets are live and they are above the competition in 3 key areas:

▶️ Market Types
▶️ Mechanisms
▶️ UX

Pre-stocks market, for example, is something I've yet to see anywhere and that I'm sure Degens will love

prePO comes with simply better tech and as a result, the user experience is miles above what the market's been offering so far

Gasless txs, Chain Abstraction, and Web2-like login are a great upgrade in life-quality

Some of the markets live at launch (not limited to these):

@LayerZero_Labs
@fantasy_top_
$ZK
$SWELL
@puffer_finance

And points trading for @eigencloud, Puffer and @swellnetworkio

You can find the complete list below:

https://t.co/HrneRKLs0U

Would keep an eye on it, especially now

I expect to find some crazy good opportunities on pre-launch prices

prePO has some neat features other pre-markets still lack

I'm talking about the seamless login and a proper Aggregated Order Book

This way, trading pre-assets will feel more like a swap than an escrowed transactions

More automated, without renouncing the P2P nature of this type of trade

Website: https://t.co/D5Sv1hfeVc
Telegram: https://t.co/hk3hjt0CSr

[Sat_O_Shiii't @Sat_O_Shea]

@ASvanevik @ricburton Nuclear lobby. Especially in France where solar and wind were curtailed for a long time because it was considered foreign tech as opposed to nuclear tech which is source of national pride. And France is one of the main driving force in EU politics.

[Sat_O_Shiii't @Sat_O_Shea]

My CoW fortune cookie 🐮💬: “A cow that stands still will be left behind in the crypto market”

Get yours at https://t.co/7kyOvqPHXI @CoWSwap