- "Nobody cares about the tech"
- "No one reads the docs"
- "Whitepapers are for nerds"
- "it's all about riding the hype"
- "didn't read, don't care, YOLO"
How did it workout for you so far?
https://t.co/q5EgQMYDGc
@benjamincowen You think Openai going down could turn the bear market into a level of apocalypse crypto has never seen before ?
Because BTC is failing without any major crash in stocks... so Imagine if the AI bubble pops...
@0xngmi Imho because BTC is failing while stocks haven't even really crashed and Gold is holding well. Can't say it's early anymore because ETFs. BTC is fully mainstream. And yet, it fails and there is no narrative to stand on anymore. BTC is not the "flight to safety" Larry mentioned.
Are you a founder and one of your competitors is faking or using a different methodology for their metrics?
Now you can report them anonymously on https://t.co/0pa5rg7V9i
We'll review every single report manually, the more info you add the more we'll look into it
CoW Protocol's team has been made aware of an instance of surplus shifting that negatively impacted a trader on CoW Swap while positively (though unfairly) impacting LPs on CoW AMM.
The team has investigated what happened. Read below for more info and next steps.
A 🧵
I’ll spell it out explicitly one last time.
Everyone thinks Trump wants balanced trade. He does not.
He wants to force allies to stop trading with China. Completely. Zero inbound supply.
Because it’s not just because of American jobs. It’s a proactive move to slow down Chinas industrial rise.
Everything is downstream of this. Reserve currency status. The ability to address fiscal debt.
It’s a crazy risk because China has a vote.
It’s a crazy risk because you are forcing Europe to commit seppeku because they have very little leverage or say in the matter.
It’s a crazy risk because Xi might bomb the fabs in Taiwan and the world doesn’t get AGI.
It’s a crazy risk because China knows how financialized we are and will dump bonds and equities to drive anger towards trump.
But it also has benefits if it works.
If your allies can’t trade with China there is no near peer competitor to worry about.
That has a ton of benefits. Just look at what happened after WW2/USSR collapse when American was the last man standing.
Hegemony.
Trumps advisors like Miran believe that you can coerce your allies to pay for your security umbrella in the form of buying longer dated treasuries.
This removes the overhangs of the debt load while allowing you to pump markets in time for midterms.
If Mexico can’t import from China then you solved the fentanyl crisis because they won’t have precursors.
More importantly by establishing a tolerance for risk the level of fear you can instill in cartels is an order of magnitude higher.
“Shit if they risked WW3 they won’t think twice about droning Sinaloa. “
This same “logic” applies to the Middle East.
Now I will repeat for the 100x that this is not advocacy.
I’m only telling you guys what the people in power believe. And I’m telling you that what happens next if I’m right will come down to how Xi wants to fight.
He can go gloves off or glove on. There are real constraints as I have outlined in prior tweets.
But there is a plan and therefore the tolerance for market pain is way way higher than you think.
Because first you need Europe to be willing to commit economic seppuku. And they won’t want to (rightly). So Trump will crush them economically until they cry uncle. And then they still won’t want to and he’s going to threaten to defang NATO. And then they still won’t want to and he will withdraw swap lines.
Or a lot more likely, he will do it all very forcefully and all at once to maximize leverage.
Now you’ll rightly ask… why wasn’t this messaged better? Why have midwits like Lutnik on the team?
Because you are attempting to execute a reckless gambit where the big variables are not what the tariffs rates are. Or if you tariff penguins. Or if the person sounds dumb on TV. Non of that matters.
What matters is - will Japan capitulate quickly and agree to buy a large amount of treasuries? Will Saudi capitulate quickly with your B2 bombers waiting in Diego Garcia to bomb Iran? Will China invade Taiwan?
Many of you think everyone around Trump is retarded. I get it. You hate the guy and everything he stands for. But I will say this until I’m blue in the face. Bessant, and even Miran, have higher IQs than most if not all of you. They thought through the second order effects. Believe me. If I, a dumb TMT L/S bro thought this far ahead, they certainly did too. Which means they warned Trump how risky this was and how deeply irrational it is if you planned to eventually cut a deal with China. Therefore you have to assume Trump heard the risks and said “fuck it we ball” anyways.
Economic Blitzkrieg. That’s what we’re seeing. And it’s only the start.
@toly@ninuxch@TrustlessState There are multiple arguments in the article linked above, but tldr is, Americans may have the will / desire, but that doesn't mean they actually can (compete).
@litocoen I always go back to the fact that in the worst case, if the market values my property at 0, I (or people) can still live in it. It's actually useful.
I can't eat stocks or crypto.
Gonna be honest. Crypto is going in circles. New stablecoins, new dexs, new L2, new memecoin, etc. Different team, same shit, more risks.
On top of that, even the basics are not solid. I still read in 2025, about users losing enormous amount of money to MEV or bugs or whatever. Last time was a week ago with cowswap. Not some rookie protocol. Bloody cowswap.
The fact that you still can't do the most basic thing in crypto, which is to swap crypto assets on a dex, with 100% safety, is absolutely unacceptable.
Also, try bridging +6 figs without using a CEX, outside the EVM ecosystem, for example...
The UX is terrible, and you sweat bullets, hoping the money safely arrives on the other side.
Meanwhile, the AI scene seems more appealing. The newest LLM or MCP won't rug, nor siphon my wallet, nor lose my money in some dumb way.