Well, it looks like $IP/USDT has kicked the bucket! ๐ Sometimes things just don't work out as planned in crypto. On to the next one! ๐๐ธ #IPUSDT
Collective punishment is prohibited by treaty in both international and non-international armed conflictsโฆ
Specifically in Common Article 33 of the Fourth Geneva Convention and Article 4 of Additional Protocol 2
The rationale? Punishing people who had nothing to do with offense behavior simply because they were in the same general location/demographic is fking stupid and does nothing to actually correct the behavior itโs trying to punish.
See: retributive justice vs utilitarian justice in criminal law theory
Bottom line here is - Base with a monumentally stupid unforced error here.
This sort of blanket punishment for simply *existing* in a crypto discord (most of us are in hundreds that we barely ever read) is fking stupid and Jesse should know better.
Thereโs a reason we donโt allow collective punishment in real life. Crypto users as a whole should completely reject any crypto product that tries to dole it out on-chain (not going to use fed chain endorsed โonchainโ)
The other greatest opportunity in this space is to grow a following
Infinite ways youโll get a direct financial benefit:
1/ social airdrops aka kaito
2/ referral links for basically everything
3/ creator payouts from X
4/ more access to deal flow / WLs / etc
Depending on the type of content you create, thereโs also sponsorship money potential
Also the possibility of being an advisor to cool projects
If youโre a shitty human, you can even do undisclosed paid shills or pump and dump your bags! (Please donโt do this ๐ญ)
Seriously though, the payoffs for having a large following in crypto are absurd
You can complain about the influencers unfairly always getting too much stuff, or you can do something about it and work on your content game
Whatโs it gonna be?
Itโs very hard to outperform majors in a cycle
This cycle weโve seen more concentration of returns among few names (BTC, SOL, HYPE, few meme coins)
Prior cycles it was more thematic - all DeFi names and most NFT collections ripped, such is the case when rates are at 0%
It may be the case that that happens if we get more liquidity (M2)
However investors, especially new flows, have increasingly more options to express a long crypto view through trad markets which think changes the game and compresses the premium for active management in the space
I donโt think VC and esp hedge funds in crypto are โdeadโ
People have been calling for the death of managers in tradfi for decades because โhedge funds donโt beat the marketโ - as a whole true but averages mean nothing
Investing in the right managers and funds is key, and I think that same phenomenon will manifest in the crypto industry - fewer funds outperform the benchmark (BTC)
Continue to believe crypto grows past its current niche ($3T) of online gambling as its permeates into mainstream with stablecoins, tokenization of stocks and other assets that make this tech relatable and useful for more people. That takes us to $10T and beyond
Cycles will continue to be severe and volatile
For that reason Iโve learned to avoid leverage, keep cash handy and be content with capturing 50-60% of the returns in the cycle (think you do end up taking way more risk as you try to push it to capture more than that)
Protecting principal is rule #1
Rule #2 is not forgetting rule #1
And last, rule of 72 is powerful. Play the long game and be weary when you think capturing 50-70% return per year return is normal because itโs crypto
You donโt have that much edge
Why launchpads?
- They are more critical than most chains, as they are the ground for more innovations to come to life.
- Without launchpads, most TGE gains would benefit only venture capital.
- Unlike VC investments, where it's more important who you know, launchpads make decisions based on the project's merits and room for growth.
- The launchpad communities become much better at predicting which TGEs will do well over time than those who don't use launchpads.
- The risks are diminished via refund systems imposed on projects, pushing projects to do better at TGEs or risk returning the funds, vs non-launchpad TGEs, where there is no refund system. (This model doesn't exist much in permissionless launches though)
- Launchpads also brought incubation systems, which help transfer know-how and network effects.
- They are key for more apps to exist in chains, and they serve as ecosystem builder roles.
- They play a significant part in the adoption of crypto.
- They decentralize funding, which is an essential path in launching tokens with the ethos of blockchain.
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