Recce 🔭🍌

Trader | Degen | Investor

EVM: 0x44E73E76732914757473c9F298D1EF
SOL: 53T9FNZToN5m3UXZZtXkdJL5qYVxnFMnkJ3YQY6dQ4d9

[Larry Cermak @lawmaster]

1/ Today I’m releasing an open-source book in collaboration with @FrankResearcher that I wish existed when I started in crypto. It’s split into 15 chapters covering everything that matters - from BTC to DeFi, MEV, Hyperliquid, quantum resistance, etc.

https://t.co/oDYsukFxvF

[Recce 🔭🍌 @crypto__recce]

@curiosityonx .

[Based Jessica @RealJessica]

It's illegal to bring a plant across the border because you might upset the natural ecosystem.

But airdropping millions of 3rd worlders into America and Europe is acceptable because it "increases diversity" 😕

[Richie | Doges.lens ⌐◨-◨ @twindoges]

A lot of buzz around @boros_fi (by @pendle_fi ) and not without reason

They're creating an entirely New Market and New Earning opportunities

But before that, let's break down what these are:
- perps
- funding rates
- how to earn on the new market with Boros

[Recce 🔭🍌 @crypto__recce]

@cryptotitans11 @grok Let's go

[Recce 🔭🍌 @crypto__recce]

@Entity100x @grok Thanks for picking me.

[Ben Sigman @bensig]

Presenting: The Kelly Criterion: A Mathematical Approach to Investing in Bitcoin w/ @dotkrueger

This is an answer the question "how much should I invest in Bitcoin" using math - of course, this is hypothetical and not financial advice!

Summary:

Fred explains how the Kelly Criterion can be applied to Bitcoin investment, analyzing the impact of betting a constant fraction of net worth and adjusting as the price goes up and down. #Bitcoin #InvestmentStrategy

00:00 - Fred introduces the Kelly criterion and explains its application to allocating money to a risky asset.
02:32 - Fred discusses the concept of repeated bets with a constant fraction of net worth and introduces the formula for calculating expected revenue.
04:01 - Fred analyzes the power law and its implications for Bitcoin's price.
10:44 - Fred explains the Kelly criteria and its application to Bitcoin investment.
12:34 - Fred discusses the potential collapse of Bitcoin's price and the transition from an exponential shape to an S curve.
16:22 - Fred suggests investing 53% of one's money in Bitcoin based on the Kelly process.
19:16 - Fred explains the concept of rebalancing investments and the benefits of not going all-in on Bitcoin.
20:38 - Fred discusses the rate of return and the value of rebalancing investments.
22:08 - Fred emphasizes the importance of not being fully invested in Bitcoin and the risks of selling during market drops.
24:16 - Fred suggests picking specific dates for rebalancing investments and the importance of considering tax implications.
25:14 - Fred mentions the availability of resources online, including spreadsheets, for further understanding of the Kelly criterion.

[Moose @JoeyMoose]

You have to take risks.

Every successful person you admire did.

Most got laughed at or doubted for it.

But they’re the ones laughing now.

[K A L E O @CryptoKaleo]

YOU ARE ABOUT TO ENTER THE MOST ABUNDANT, PROSPEROUS, OPPORTUNITY FILLED PHASE OF YOUR LIFE.

BULLIEVE IN THE GOLDEN BULL RUN.

[Shelby @CryptoNewton]

$ETH

#Ethereum

[TraderSZ @trader1sz]

$SOL reversal time?

[JACKIS @i_am_jackis]

This is not how the game works

Yes there are entities that do accumulate in silence but look at latest run in #GOLD. It is Central Banks flipping they ratios from FX reserves to #GOLD and doing so publicly for the past 2-3 years & will keep on doing so for the next years.

Meanwhile each guy kept telling me that $GOLD is "overbought" or has some FVG down below that needs to get filled. Didn't. And happened what I kept on saying

Look at Saylor publicly raising dollars as he kept on buying #BTC through the past years & others doing the same thing now

When (not if) Central Banks decide to start buying #Bitcoin they will start doing so publicly too & through a continuous DCA exposure, flipping some part of their reserves into it. This is how they operate.

If you are buying ahead, you are fronrunning that narrative & it ain't that far away as you might think it is. They are actively looking into it already

In 2022 many asked me "where will the liquidity come from" it is 2025 and we are 600% higher & have ETFs in place. It wasn't the narrative during the bottom

Now as I said, there are obviously entities that do accumulate in silence & indeed try to trap retail but mostly that happens on small market cap assets not on global assets that #BTC is nowadays. It happens on Low Time Frame too

Retail (that is you & me - individuals) is mostly irrelevenat however these days on #BTC, it is large funds, banks, whales & so on that move it these days, not retail (only on intraday moves)

[Recce 🔭🍌 @crypto__recce]

@trader1sz Gm

[Recce 🔭🍌 @crypto__recce]

@rollbit 44

[Recce 🔭🍌 @crypto__recce]

@rollbit 27

[Recce 🔭🍌 @crypto__recce]

@CryptoJessXBT @combmetaverse @kal_adjei
7B9f15Pz9NPXnRhoFexZdfTKrUupupi5VdNDBMMiMRFX

[Crypto Jessica @CryptoJessXBT]

🎉 $500 $SOL Giveaway! 🎉

I'm giving away $500 in $SOL among 3 winners!

🛒 To enter:
🔸Follow @CryptoJessXBT
🔸Like and Repost
🔸Tag friends with your sol address

Good luck to everyone 🧡

[Chris Dixon @cdixon]

Stablecoins: Payments Without Intermediaries

The internet made information free and global. So why is it still so hard — and expensive — to move money?

The early internet promised a future where anyone could publish, build, or transact without permission. Protocols like email and the web were open and neutral — and they sparked an explosion of creativity, innovation, and entrepreneurship. But somewhere along the way, we veered off course.

Today, the global financial system resembles a patchwork of corporate networks: centralized, closed, and extractive. Behind every transaction is a Rube Goldberg-machine of intermediaries — points of sale, payment processors, acquiring banks, issuing banks, local banks, correspondent banks, foreign exchanges, card networks, and others — each taking a cut, adding latency, and imposing rules. These networks levy unnecessary taxes on commerce and curb innovation. They turn what should be neutral plumbing into high-friction bottlenecks.

Stablecoins, or cryptocurrencies pegged to stable assets like the U.S. dollar, are a way out, a reset — a way to bring the internet’s original vision to money.

The Disruptive Opportunity of Stablecoins

The current payments stack wasn’t built for the internet — it was built for a world rife with fee-taking middlemen (who had been necessary to manage local partnerships, fraud, and operations). Even today, international remittances can cost up to 10% in fees. (A $200 remittance cost 6.62% on average in September 2024.) These aren’t just friction points — they’re effectively regressive taxes on some of the world’s poorest workers. The system we’ve inherited is slow, opaque, and exclusionary, and it leaves billions of people underserved or entirely cut off from the global financial system.

For many businesses, the inefficiencies of traditional payments are also massive. Stablecoins could dramatically improve the situation. B2B payments from Mexico to Vietnam take 3-to-7 days to clear and can cost anywhere from $14-to-$150 per $1000 transacted, passing through as many as five intermediaries along the way, each of whom takes a cut. Stablecoins could bypass legacy systems, like the international SWIFT network and associated clearing and settlement processes, and make such transactions nearly free and instant.

This isn’t theoretical — it’s already happening. Right now, companies like SpaceX are using stablecoins to manage their corporate treasuries (including by repatriating funds from countries with volatile local currencies, like Argentina and Nigeria). Other companies, like ScaleAI, are using stablecoins to make faster, cheaper payouts to global workforces. Meanwhile, on the B2C side, Stripe is the first widely used service to offer crypto payments and it is already offering 1.5% on checkout — half what incumbents charge. This could drastically improve certain businesses’ profit margins: As a16z crypto’s @SamBroner has shown, for a very low margin business like a grocery store, a 1.5% improvement could potentially double net income. (And in a competitive, blockchain-based market, I would expect transaction fees to go much lower.)

Unlike the old financial stack, which evolved in silos, stablecoins are global by default. They live on blockchains: open, programmable networks that anyone can build on. There’s no need to negotiate with dozens of banks across borders. You just plug into the network. People are already recognizing the advantages. In 2024, stablecoins moved $15.6 trillion in value, effectively matching Visa’s volume. While that figure mostly represents financial flows (versus retail payments), its magnitude still suggests we’re on the verge of a financial infrastructure shift, one that doesn’t rely on duct-taping 20th-century systems together.

Instead, we can build something new, something truly internet-native — or what Stripe calls “room-temperature superconductors for financial services,” where rather than lossless energy transmission, you get lossless value transmission.

The WhatsApp Moment for Money

Stablecoins are our first real shot at doing for money what email did for communication: make it open, instant, and borderless.

Consider the evolution of text messaging. Before apps like WhatsApp, sending a text across borders meant paying 30 cents per message. Even then, you were lucky if it actually got delivered. Then came internet-native messaging: instant, global, free. Payments are now where messaging was in 2008: Fragmented by borders. Burdened by middlemen. Gatekept by design.

Stablecoins offer a clean-slate alternative. Instead of stitching together clunky, costly, and outdated systems, stablecoins flow seamlessly on top of global blockchains. These systems are programmable, composable, and designed to scale across borders. Already, stablecoins are slashing the cost of remittances: Sending $200 from the U.S. to Columbia using traditional methods will cost you $12.13; with stablecoins, it costs $0.01. (Fees to convert from stablecoins to local currencies can range from as high as 5% to as low as 0%, and prices continue to fall due to competition.)

Just as WhatsApp disrupted costly international phone calls, blockchain payments and stablecoins are transforming global money transfers.

Regulation: From Bottleneck to Breakthrough

It’s tempting to frame regulation as an obstacle — but smart legislation is actually the unlock.

Clear rules of the road for stablecoins and crypto market structure could finally allow these technologies to move out of the sandbox and toward widespread adoption. For years, decentralized finance (DeFi) was trapped in a kind of self-contained, circular, “crypto-for-crypto” economy. Not because the tools weren’t useful, but because regulators made it incredibly difficult to bridge into traditional financial systems.

That’s changing. Policymakers are now actively shaping rules to recognize and regulate stablecoins in ways that maintain U.S. competitiveness, protect consumers, and allow innovation to flourish. Thoughtful regulation — like frameworks that differentiate network tokens from security tokens — can protect against bad actors while giving good actors the clarity they need to build. In fact, a forthcoming bill clarifying this regulation could pave the way for even broader adoption and integration into the global financial system. (Congress is hashing out the details as I write.)

Building Public Goods for Everyone’s Benefit

Traditional finance is built on private, closed networks. But the internet showed us the power of open protocols — like TCP/IP and email — to drive global coordination and innovation.

Blockchains are the internet’s native financial layer. They combine the composability of public protocols with the economic strength of private enterprise. They are credibly neutral, auditable, and programmable. Add stablecoins on top and you get something we’ve never really had before: open money infrastructure.

Think of it like a public highway system. Private companies can still build the vehicles, the businesses, the roadside attractions. But the roads themselves are neutral and open for everyone.

Blockchain networks and stablecoins are doing more than just cutting fees. They’re enabling new categories of software:

- Programmatic payments between machines: Imagine AI agent-powered marketplaces automatically brokering deals for computer resources and other services.

- Micropayments for media, music, and AI contributions: Imagine setting a budget with some simple rules and leaving it to “smart” wallets to disburse the payments.

- Transparent payouts with full audit trails: Imagine using these systems to track spending in government.

- Global commerce without a mess of intermediaries: Imagine settling international transactions instantly at negligible cost — in fact, you don’t have to imagine it as it’s already happening.

The moment for blockchain networks and stablecoins is now: Technology, market demand, and political will are lining up and making these applications a reality. A stablecoin bill could be on the floor this year, and regulatory agencies are weighing frameworks that finally align risk with the right oversight. In the same way that early internet startups were able to thrive once it was clear they wouldn’t be shut down by telcos or copyright lawyers, crypto is ready to cross the chasm from financial experiment to infrastructure backbone, with stablecoins leading the way.

We don’t have to patch the old system.

We can make a better one.

[Recce 🔭🍌 @crypto__recce]

@rollbit 38