Chainserpent

Crypto/Blockchain Analyst, Privacy Advocate
De-googling my life

[Roman Storm 🇺🇸 🌪️ @rstormsf]

You don’t fully grasp how much of your life is tracked until you’re sitting in a courtroom, watching federal prosecutors use your digital history against you, down to your most harmless Google searches. Your entire life becomes an open book, and even your most innocent actions can be twisted into something sinister.

They get to tell the most damning version of your story. To tell yours in your own words, you have to take the stand.

[The Shellman @NeilShelley]

Love cats?
PAWS is barely hanging on by its claws and needs help to keep doing its expensive and tiring work healing and homing Bangkok's kitties.

How can you help? - Pints for Pussies! Is how

400 baht - all funds going to rescue cats.
Sept. 6 Arcadia Live #phrakhanong

[Rickysfundamentals @rickytheirish]

Why would anyone expect anything of integrity from william?
I have a screenshot of william speaking in a group of a polymarket DAO saying "even though there will be no airdrop keep pushing it guys and there will be something special for you"
This will be published in an article soon exposing some other unethical internal practices

[Chainserpent @chain_serpent]

@GavTheGaffer @DaveRaveBangkok baited

[Rickysfundamentals @rickytheirish]

CZ: “I support all meme coins. I might even buy (or sell) one or two in the next few weeks to test a few new things. May the best memes win! "

I am not sure on the bnb part of this gents post, but cz is definitely hinting at 'crime'ing' something potentially, so paying attention to him and his potential warchest ready to deploy on crime may be wise

[Rickysfundamentals @rickytheirish]

Free Alpha:
A tip to improve your content feed on x.

You have a simple tab on your page that will give you an advantage in a few simple clicks.

Timing is everything, we can all agree on that right?

Your x feed by default is set to show you what the x algo deems as popular.
Your feed by default is not set to the chronological order and will show you things in no particular order.
(Even when you refresh your page, you may see content from 18h ago, 5h ago, 2 days ago etc..)
You can set your feed to show you most recent posts in chronological order.
Click on: the 'following' tab (just to the right of the 'for you' tab)
Click on: the arrow down.
By default it should be set to 'popular'
Click on: 'recent'

Voila. Your feed should now be in a chronological order and display content from most recent to least recent.

You can toggle between both settings.
In certain instances the default popular setting will be to your advantage.
In higher paced moments where timing is of the essence and seeing content early can benefit you?
Then seeing newest posts first will definitely be to your advantage.

P.s, x will often switch that setting back to its default setting on its own.

Most people do not control their algo and maximize their feeds.
Before learning to crack your algo to give you the most up to date alpha content (i shared many secrets last cycle on how to do this. I will give you the current updated version soon)..
You should at least control the chronological order of the flow of your feed content.

[Chainserpent @chain_serpent]

RT @rickytheirish: Here is the most brutal & honest truth you will ever hear about polymarket:
The most losses every user will face will no…

[Edward Morra @edwardmorra_btc]

I got absolutely rekt by Goldfinch @goldfinch_fi

These idiots mismanaged over $50M of our money. Out of 8 borrowers - 2 are in default and 6 in restructuring. Basically money is gone.

1st time I deposited in Sep 2021, then 2 more times in 2022. It's been fucking five years and I still haven't got my money back in full (and never will), let alone the promised 10% APY.

Dashboard on their website says total loss rate is 20% but in reality its closer to 70% now. Since I requested the withdrawal in August 2023 I received only 30% of my money back. Best case scenario is I get another 10% over the next 1-2 years.

They hired a CRO with a $400k yearly salary who is posting updates twice per month in discord and thats about it. Occasionally they may request $50k - $150k for various other needs. All this money is being taken from the treasury of course.

CT doesn't know about it yet but Goldfinch is closing down soon. There is "wind down" announcement posted in discord, soon it will be public. Their official twitter page is run by a reply bot anyway so who cares anyway.

$GFI token is -99% and imo will be delisted sooner or later because project is dead.

Prime example of how fragile DeFi can be.

[Officer's Notes @officer_secret]

https://t.co/RrkiLZK108

[Chainserpent @chain_serpent]

@AltcoinSherpa stick to $RAIL

[Chainserpent @chain_serpent]

@timbo_xyz moreta just paused their thai qr access...will you suffer the same fate

[banana0x @banan_crypto]

KYC has already been introduced on Polymarket

Since today, @Polymarket users have been able to complete the KYC form

It will allow users to get the lowest possible latency

Further details on it you can found on the Geographic Restrictions page

Source [https://t.co/7ISaWoswgg]

[Rickysfundamentals @rickytheirish]

The daily ranges of % of pumps in random alts that started appearing recently is a good sign.
We are seeing random individual 3 digit percent moves and multiple mid to high double digit percent moves.

Things are starting to move a bit.
Really good signs

[Chainserpent @chain_serpent]

@zoomerfied they want their cut

[Chainserpent @chain_serpent]

@rickytheirish @SynthesisTrade +1 their support is great and the interface is slick.

[Rickysfundamentals @rickytheirish]

Jfc things are bad in this space:

- 300 million dollar DeFi hacks

- binance pump and dumping ravedao from 1$ to 25$ and dumping it to 2$

- polymarket incentivized shills engagement farming pro polymarket propaganda to lure in victims as exit liquidity knowing that over 80% of every polymarket user loses everything and Out of 2.5M addresses, just 2% made over $1k 0.32% made over $10k.
Also knowing that nobody will actually get an airdrop because polymarket updated their user terms last month stating the use of vpn is prohibited and increased their banned countries list to 37 countries (even though over 80% of site traffic is using vpn or from these regions)
Basically over 80% of the supply reserved for airdrop will go unclaimed and end up back in the crook teams hands is the likely outcome

- polymarket steals millions via site "glitches" and breaks hundreds of laws every day and is in major violations that fall under unorderly market operation & negligence and also UDAP (unfair or deceptive act or practice)
It also violates regulation 180.1 and at least 7 other regulatory code violations.
Meanwhile at the same time as running this offshore unregulated casino that steals millions through site technical errors and scam "glitches"
They are trying to launch a fully regulated and compliant usa platform thinking it will erase all the crime they commit on real polymarket site
(That is like a serial killer trying to open up a daycare..its fckng disgusting just how far they think they can go with impunity)

- crypto market dead. Trump meme coins took all liquidity and cancelled alt season.

- every sector is dead

Can we ever make it back from being this far gone?

[Memento Research @mementoresearch]

🚨 BREAKING: $795 million total hacked in DeFi in 2026 alone - and it’s only mid-April.

DeFi has an on-going security nightmare:
• January → ~$86m lost to smart contract bugs and executive key compromises
• February → ~$27m attacks on bridges and oracles
• March → ~$52m when stablecoin minting and lending-pool exploits hit core primitives
• April → ~$630m, the worst month on record

Some are already blaming the recent release of @AnthropicAI's Mythos for making sophisticated attacks faster and easier to pull off

For our audiences:
• Low yields + constant rehypothecation by protocols simply aren’t worth the risk right now
• Everyday is a good time to off-ramp your funds off-chain into bank or brokerage accounts, or at least move to reputable CEXes
• Check your wallet approvals, go through your opsec, and don't keep your entire networth in crypto

Full monthly breakdown attached below 👇

[Chainserpent @chain_serpent]

@boxmining GLM 5.1 seems to be making it's way though, I may switch to z-ai for a bit and see how it compares

[as required. @0xasrequired]

no one is pricing in how fucking atrocious @Polymarket infra is

the orderbook just does not work. It’s an offchain orderbook and it’s somehow slower than @DecibelTrade’s cranker (a wallet which pays gas to advance the orderbook each block) for its fully onchain orderbook

the only reason polymarket is polymarket is that it was the first mover. Most of its revenue comes from up/down markets, which have terrible UX because of how slow the orderbook is and how unreliable execution is

when you are betting where price goes in the next 5 minutes, you need execution to be near instant

this isn’t some esoteric secret

it’s not good enough for trades to take seconds to go through and then have to spend the next 5s figuring out if it actually executed. Just placing a trade has already taken up 1/30th of the market’s lifetime

if you’re betting on a sports match, a 3s delay on the book is just too long

minutes, hours, days, weeks is too long for a market to resolve

the only reason polymarket has any liquidity is due to pure brute force distribution — there are just so many people playing on it that there is bound to be liquidity

but this is hitting a ceiling — most people that will use polymarket, certainly as makers, are already using polymarket and it just does not make sense to be a market maker

1) you don’t have cancel priority —> you’re bending over, just waiting to be adversely selected

2) the very nature of prediction market resolutions mean that you already have a much higher risk of adverse selection

3) the LP rewards, despite pm routing pretty much all of its taker revenue to them, are nowhere near enough to cover the adverse selection

4) building market making infra on polymarket is a development nightmare and it’s almost impossible to get it to work reliably

for these reasons, I think polymarket (and kalshi) is facing an extinction event with HIP-4, at least on objective markets because

1) HL has cancel priority

2) HIP-4 resolutions are instant and objective

3) HIP-4 has no opening fees and only 7bps/4bps fees on closing (pm charges 2% on winnings and has fees on every open/close, kalshi charges 7% on every open/close)

4) aside from the liquidity that will come from market makers actually being able to MM reliably on a performant orderbook, HIP-4 taps into hypercore’s already exceptional liquidity

5) the data feeds from HL, thanks to things like @hydromancerxyz, @hypedexer and @hyperpc_, are much better than pm tooling

6) MMs can hedge more easily because they can use spot, perps and defi (on hyperevm) without leaving HL. I think this might be the catalyst that corewriter needs

7) jeff is building it

I’ve seen many people speak about the HL S3 and polymarket airdrops in the same breath, but even if POLY TGEs high, it will be down only imo

all of the bullishness is just driven by speculation and the fact that it’s so widely adopted, but that adoption isn’t monetised well (even since the fees turned on, they’ve just been going to LPs in a desperate attempt to incentivise liquidity) and even if it is, most of it won’t go to the token

and that isn’t even considering the very real possibility that they screw over users on the airdrop. They have VCs who they sold equity too and they run a gambling company — you’re not going to find the hyperliquid ethos here

aside from tokenomics, HIP-4 will force them to completely abandon their current infrastructure. They need to leave polygon and rebuild their orderbooks from scratch and I can’t see them being afforded the time to do that

once jeff turns his attention to your vertical, you’ve already lost

hyperliquid

[Rickysfundamentals @rickytheirish]

Hyperliquid may just cut off the head and knees of polymarket with this.

upwards of 74% of global polymarket volume is in their short term crypto markets & upwards of 95% of all fees earned by polymarket is also from these short term crypto markets...
Some days there is supposedly upwards of 60 million dollars in daily volume in the 5 minute markets alone.
Polymarkets main inefficiencys are that the majority of features/functions on polymarket do not work, or only occasionally work..and a wide array of technical issues/site "glitches" force liquidate millions from users that polymarket refuses to take accountability for and does things like reimburse 1 single user and disregard 99.9% of every other user that lost due to the same polymarket site "glitch"..
Also that the inefficencys of polymarket are exploited daily by people taking advantage of them to profit their own pockets at the expense of users.
Their other main inefficiency is that some markets use chainlink oracle data which is simply wrong, out of sync with the rest of the market and has final settlement price lags that can be taken advantage of by polymarket and/or users or dishonest exploiters.
(All this ultimately points to polymarket being imminently in very big trouble, hence why they are probably implementing fees all across their markets to offset a potential reduction or full stop of their fee revenues from their short term crypto markets.
Its probably also why they keep ramping up these shill marketing pro polymarket propaganda campaigns of all utter bullshit lies from thousands of accounts that are incentivized directly or indirectly and trying to lure in a steady flow of exit liquidity under the guise of a potential airdrop)

All that to say that if hyperliquid can execute prediction markets at a speed and efficiency similar to hl...and if they use hl as reference price oracles as opposed to chainlink, then hyperliquid should be able to capture & retain the majority of polymarkets foot traffic, userbase, volume, liquidity etc, and fairly quickly with very little resistance at all.