to the contrary, $USELESS isn’t even close to my biggest crypto/memecoin holding
so why do i talk about it so much lately?
because i genuinely believe it’s the $DOGE / $SHIB type play of this cycle
when i called $BONK early before hit hit billions, CT mocked me nonstop too
they said i was shilling
they said i was coping
they said i was broke and retarded
then 'bonk guy was right' trended over and over again after the thesis played out (repeatedly!)
and i think the exact same thing happens with USELESS
you also cannot buy my conviction
even *I* can’t buy my conviction
i do not post based on what i hold the largest bag of or what makes me the most money short term
i post based on what i believe has the highest asymmetry and the highest probability of becoming culturally dominant later
and right now, i believe $USELESS is the strongest memecoin narrative in crypto by far
nothing else even comes close conceptually
that’s why it’s insane to me that it’s still sitting at a sub-$60 million market cap while most of CT still laughs at it
the reality is that 99% of the entire crypto industry is fundamentally 'useless'
there is no meme more self-aware, more scalable, or more representative of this cycle than USELESS
i believe it eventually goes to ATHs, then multi-billions
and when it does, CT will once again trend:
'bonk guy was right'
6 mnth base and now clearly trending above every single major moving average
i am far from a memecoin maxi anymore, i think last cycle stuff was fucking dumb and i hope we dont repeat it.
however, in saying that, i like this $useless chart
USELESS hit $400m ATH with perpetual open interest on Lighter DEX exceeding DOGE, SHIB, PEPE, BONK, PENGU, TRUMP, FLOKI, SPX, WIF, and POPCAT. a token advertising zero utility has deeper derivative markets than assets 10x its cap. survived an 80% drawdown over 6 months where typical meme drawdowns hit 90-95%. when the founder of OpenZeppelin is telling friends to exit aave and compound because AI exploits make all defi unsafe, turns out having no smart contract surface area to attack is its own form of security. it is incredibly embarrassing that we needed a token called USELESS to prove that transparent speculation with clean distribution outperforms governance theater with hidden extraction
BREAKING
The suspected hantavirus patient isolated in Alicante reportedly sat two rows behind the infected Dutch passenger on the South Africa flight.
The exposure window may extend beyond what was initially considered “close contact.”
I Saved Injective's $500M. They Pay Me $50K.
I like hunting bugs on @immunefi . I'm decent at it.
- #1 — Attackathon | Stacks
- #2 — Attackathon | Stacks II
- #1 — Attackathon | XRPL Lending Protocol
- 1 Critical and 1 High from bug bounties (not counting this one)
Life was good. Then I found a Critical vulnerability in @injective .
This vulnerability allowed any user to directly drain any account on the chain. No special permissions needed. Over $500M in on-chain assets were at risk.
I reported it through Immunefi. The next day, a mainnet upgrade to fix the bug went to governance vote. The Injective team clearly understood the severity.
Then — silence. For 3 months. No follow up. No technical discussion. Nothing.
A few days ago, they notified me of their decision: $50K. The maximum payout for a Critical vulnerability in their bug bounty program is $500K. I disputed it. Silence again. No explanation for the reduced payout. No explanation for the 3 month ghost. No conversation at all. To be clear: the $50K has not been paid either.
I've seen others share bad experiences with bug bounty payouts recently. I never thought it would happen to me. I can't force them to do the right thing. But I won't let this be forgotten.
I will dedicate 10% of all my future bug bounty earnings to making sure this story stays visible — until Injective pays what I deserve.
Full Technical Report: https://t.co/lki2tL9bxw
$VRA dead
$XMW dead
$XCHNG dead
$AZERO dead
$RIO OKX delisting
They were all promising projects, but if you held them throughout the whole cycle you basically roundtripped and lost all your money
Never marry your coins
Be me, Dutch investor
Netherlands approved 36% unrealized gains tax
WTF does that even mean
Put $1,000 into stocks
Year 1:
• Stock goes to $2,000
• Government: "you made $1,000, pay $360 cash tax"
• MFW I didn't sell anything
• Forced to sell shares to pay
• Everyone else forced to sell too
• Mass panic selling
• Stock crashes to $800
• I have $440 left after paying tax
Year 2:
• Stock recovers to $1,200
• Government: "you made $400, pay $144"
• Forced selling again
• Price drops to $900
• I have $756 left
Year 3:
• Stock at $1,000
• Government: "you made $100, pay $36"
• Smart money has fled Netherlands
• I have $964 in stock
• MFW I paid $540 in taxes
• MFW stock is back where it started (0% gain)
• MFW I only have $460 left
• Lost 54% on a stock that broke even
MFW the government made more money off my investment than I did
Government: "Thanks for the $540! 😊"
The insane 36% unrealized gain tax may have passed in the house, but the law still has to pass the senate.
This website makes it incredibly easy to e-mail a bunch of senators & make your voice heard.
Do your duty, and send at least 5 today. 👇🏼
https://t.co/JXtyF8dVpC
Dear market makers, give us one last explosive bull run before 2028.
Let my fellow Dutch citizens cash out and escape before the government takes its 36% cut of money they’ll round trip back into the system anyway.
And when you’re done, turn your wrath toward The Hague for this absurd new law.
Damn, living in Europe is looking more and more bleak every day.
UK - high chance of getting arrested for anything you post online. No freedom of speech. No access to crypto (yes, even Binance doesn't work properly here).
The Netherlands - 36% tax on unrealised gains. Utter utter madness.
France - high taxes. Most people work for the government and country wide strikes shut everything down all the time.
Germany - bureaucratic hell. An industrial hellscape that can't compete any more on the world stage. Only still alive because EU bureaucrats put down any outside competion (for now).
Dutch Government voting on the proposed 36% unrealised gains tax today.
Expected result later today, around 4pm Dutch Time.
Safe to say they'll vote in favor, despite everyone and their mom knowing what a disaster of a bill it is.
Governed by retards.
@_PSVwatcher Overal lees ik dit:
"In plaats van een heffingsvrij vermogen geldt straks een heffingsvrij rendement van € 1.800 per persoon per jaar."
???
Waar lees jij dat dit vermogen blijft?