A

Mountains and tech.

[A @byebyetradfi]

@mert Have you looked into Achalasia by chance?

My brother had it and faced similar symptoms – couldn't eat solid food without (seemingly randomly) choking & getting worse over time

Quite an impact to his quality of life. Sending you and your doctors strength!

[A @byebyetradfi]

@zengangster The Rascal Flatts x CT crossover was not on my bingo card, but I couldn't be more thrilled

It's okay to get lost a time or two... ;)

GL!

[A @byebyetradfi]

@CL207 Whether from bear market PTSD or thinking there’d be several periods of BTC.d outperformance this cycle, I’ve consistently thought I own too much BTC (and not exposed enough to riskier assets)

Days like today help not FOMO when everything else is +50% overnight & BTC +5%

[A @byebyetradfi]

@blockgraze He’s got some legs

MacDill AFB and CENTCOM in Tampa could attract a lot of unwanted attention, but most short term renters probably don’t know that

“Nuke” pun intended

[A @byebyetradfi]

I have not seen a convincing argument why $GBTC bleeding is net negative

People selling $GBTC is presumably a flight to lower fee ETFs... so why isn't a ($300m) day in $GBTC not a ~$300m day in $IBIT, $ARKB, etc?

If people are fleeing $GBTC and not buying other ETFs – why now?

[A @byebyetradfi]

@CoinbaseDuck @jevgenijs Absolutely, wanted to make sure I wasn’t missing anything

A world without the Visa and Mastercard duopoly is a world where everyone (consumers & merchants esp) is infinitely better off

$COIN understands the user, the tech, & has the tenacity to make it happen

Generational!

[A @byebyetradfi]

@CoinbaseDuck @jevgenijs Love your work CBduck!!

Curious if you’ve thought about how—if at all—ancillary services (chargebacks, fraud monitoring, etc) play into a CB pymnt ecosystem?

Does someone (CB?) ‘fix’ pymnt finality & offer these services (& increase fees), or do we have a true paradigm shift?

[A @byebyetradfi]

@Crypto_Bluerail @SumoKuji The math maths!

[A @byebyetradfi]

@noahseidman @KarriYeatm67141 I don’t know a thing about Robinhood’s crypto offerings, but curious if:

1. They capture similar value when users go onchain (Base fees largely accrue to CB)

2. To what degree Robinhood is developing/supporting their own eco on Arb

I’ve some homework — thanks for the article!

[A @byebyetradfi]

@noahseidman I agree Aero’s FDV is rich esp on the backdrop of comps

When Base szn started there wasn’t much “quality”, but there was the knowledge CB was going to push Base/onchain hard (Aero was just the call)

I expect as Base token variety/quality rises Aero receives less of this benefit

[A @byebyetradfi]

“Tampa Bay Lightning owner Jeff Vinik” misses the entire point of why Vinik’s name is particularly meaningful here; much more so than Andreessen and Dixon

Times are changing!

[Bloomberg Crypto @crypto]

A pair of Goldman Sachs and BlockTower Capital alumni have launched a new digital-asset investment firm https://t.co/gpBSbCnIIK

[A @byebyetradfi]

@InvestwithValue @bradleyy_ADA @RustyKu37492320 Why compare the alleged performance of a currency to stocks, unless your assertion is that stocks, too, are a currency?

BTC is volatile, yes, but for reasons you’ve already cited it is not largely considered a currency; perhaps except regions where fiat debasement is rampant

[A @byebyetradfi]

I’ve loved beeple since he first started posting vj loops 10++ years ago

But man I hope they don’t take his form of self expression (which he has documented for *checks notes* 17 years) as mkt manipulation

Anyway, see you for tomorrow’s meme du jour

($1 it’s $MOONKE?)

[beeple @beeple]

THE RISE OF SLERF

[A @byebyetradfi]

@gross_bit Agree retail sentiment will deteriorate on decreasing price

Real question outstanding to me is how strong the narrative has shifted with TradFi

If they're committed to allocating to BTC I'd expect to see more aggressive scaling as we draw down

https://t.co/KfMeeJcg1k

[A @byebyetradfi]

A thought

Last $BTC dump (Mar 5th) happened during US trading hours

It was one of the highest net inflows we've seen to date

Curious if TradFi bids BTC more aggressively on tomorrow's open on account of the "discount"

Let's gauge how aggressive the checkbook is

[A @byebyetradfi]

@gross_bit IBIT came in at +451.5m

Net outflow for the day -154m. With the massive Grayscale exodus, this seems to me somewhat neutral/kicks can to tomorrow's flows

[A @byebyetradfi]

@KirkWoodley1 @Matt_Hougan @blockworks Assuming Matt's discussions suggest increased adoption for TradFi uses (crossborder pmts, trade finance, etc.) I imagine there will be a flight to quality (USDC) & potentially new entrants–likely highly established institutions

Less confident on novel models (a la UST/DAI/FRAX)

[A @byebyetradfi]

@AnneNotation DD is bleaching the hospitality, nourishment, & community from so many peoples' foodways

We're allowed to forget how rewarding being a regular at your local mom & pop, cooking for friends, or finding a new ingredient at a grocery store can be

And its mind-bogglingly expensive!

[A @byebyetradfi]

@HSightCapital @HODL15Capital Agree wholeheartedly – come in soft and retail gets (further) spooked tomorrow AM with a "loss of narrative"

[A @byebyetradfi]

@HODL15Capital This may be common knowledge, but is one of the other issuers (namely $IBIT) receiving the outflows of $GBTC?

I imagine the mass exodus from Grayscale is on account of their crazy fees rather than holders leaving the BTC ETF space entirely

Only ~40 more todays and adios GBTC!