Flip

Fulltime Degen | Former Pro Poker Player & Investment Manager

Building @AlfaClubdotapp

[Flip @Flip_Research]

Excited to share some info on FriendSpace's first room type, the Trading Room.

- Creators trade in-chat, key-holders share in profits
- Funded entirely from key trading fees, creating a powerful flywheel
- Built on @base, trades executed on @HyperliquidX
- Public leaderboards tracking room trading performance

In a space where KOLS are getting paid $$$s to shill garbage, we're helping users find real value.

FriendSpace.

[AlfaClub @AlfaClubdotapp]

https://t.co/mWFgx7HvHx

[Flip @Flip_Research]

@FlowinStability @AlfaClubdotapp Don't worry our algo rewards low follower count users for the social multiplier too!

[Flip @Flip_Research]

@Tom_Everywhere @AlfaClubdotapp @solana Thanks man, one step towards omnichain

[Flip @Flip_Research]

@AlfaClubdotapp @solana Time to dive into the trenches again...

[AlfaClub @AlfaClubdotapp]

our members requested, we delivered

you can now access the @solana trenches from our chatrooms!

will @Flip_Research finally buy some $ANSEM now?

[Flip @Flip_Research]

@MrNeverPullsOut Don't blame you, space moving so fast

[Flip @Flip_Research]

Kimi K3 feels like another Deepseek moment- the argument was that Chinese models are cheap distillations

But looking at benchmarks/user reviews, K3 performs the same, if not better than Fable on many tasks, at 1/3 of the cost.

The pace of development is terrifying and exciting

[Flip @Flip_Research]

@AlfaClubdotapp Iykyk

[Flip @Flip_Research]

@eth_Eemy Great score!

[Flip @Flip_Research]

Player 3 has entered the game

[Flip @Flip_Research]

@Sprowryn @jessepollak @AlfaClubdotapp Such a shame, they held all the cards

[Flip @Flip_Research]

I've been in two minds about posting this, but after @jessepollak's post and seeing the sentiment of other builders, I'm gonna just say it.

I've invested mid six-figures of my personal funds into @AlfaClubdotapp.

When we were deciding which chain to launch on, I had some great conversations with @arbitrum, who were genuinely interested in what we were building. They tried out the beta multiple times, gave thoughtful ideas, and suggested various partnership options and grant funding routes. They made time to talk at short notice, and felt always available.

When Base got wind of this, they tried to one up Arb, promising us all of the above, plus more.

This is where I fucked up- I took them at their word, and ignored some of the red flags:

- Very difficult to get hold of anyone
- Any call I had with them focused on what I can integrate into our app (e.g. Zora creator coins, base wallet etc.), rather than what they can do for us
- They told me the app was amazing even though I could see they had hadn't signed up lol

After launching on base, aside from an initial RT (which had to be a sanitised version of our initial launch vid), and introductions to a few KOLs who just wanted paid partnerships, there's been zero support.

This is despite us spending time and effort building in Base Wallet integration (significantly increasing the complexity of our onboarding process) at their request

- Rejected from all build programs out of hand, no reasons given
- Rejected from any funding routes, firstly we were told we were too early stage, then we were too late stage
- To date STILL noone from the base team has signed up or tried it out

I think @davidtsocy was the only guy who I can say really tried, but there's something fundamentally broken in their structure for this to happen.

For Jesse to then turn around and disavow SocialFi because they fucked up with Zora (which tbh anyone could see was gonna fail long term), is the final slap in the face.

Anyway, I'll keep building AlfaClub full-time, because I think it adds alot of value to the space, I love what I'm doing, and we have a loyal core community who I will always support.

But let this be a warning to anyone else who wants to build on base without any connections to the team.

[Million @BitHomepage]

I disagree with the idea that base is helping builders. That is just not the reality.

When they choose to king-make their buddies weekend project over someone who’s been actively building and supporting a community of developers, it’s over. There’s no way just work harder or out compete the kings blessing. So it actively discourages building on base.

Two years in and I’m not giving up on the Million Bit Homepage, it’s onchain forever.

But I wouldn’t start a business on base given the way developers are treated.

That’s obviously still a blind spot they haven’t even recognized yet. And kingmaking is only part of it.

There will always be a place for the coinbase chain, but it will never have people’s hearts and minds like this.

[Flip @Flip_Research]

@0xhukus @jessepollak @AlfaClubdotapp @cobie He can single handedly save base

[Flip @Flip_Research]

Agreed- my thinking was that we're at the point of abstraction where you can build anywhere, and at the time, Base had the mindshare plus was pushing social.

Base had the tooling, and seemed like a central location to integrate HL, Poly and Spot (we've integrated all three pretty well now). Just didn't bank on Base ignoring us

[Flip @Flip_Research]

@matrixthesun @jessepollak @AlfaClubdotapp It's wild to me that their upper management does this. Narrative hopping like a trenches degen rather than focusing on a long term vision

[Flip @Flip_Research]

@BitHomepage @jessepollak @AlfaClubdotapp Always 🤝

[Flip @Flip_Research]

@wenakita 🔥🔥

[Flip @Flip_Research]

@Crypto_McKenna It's coming home 🏴󠁧󠁢󠁥󠁮󠁧󠁿

[Flip @Flip_Research]

@j0hnwang @matrixthesun is your man imo

[Flip @Flip_Research]

I think it's unfair to say that social failed, what failed was Zora, because there was literally no underlying value backing creator coins, tokenising posts, etc - as soon as mindshare drops, capital will rotate.

I've been building a social app on base that's different- built from the ground up to support traders, even without capital, as they can trade in permissionless chatrooms which are funded by key trading fees.

It's got all the features of a modern social app, while also supporting base spot trading, perps, prediction markets and solves all the issues faced by traders on X (verifiable performance, data availability, noisiness of social feed etc)

I truly believe you were right that social was the mechanism to drive viral growth for crypto, only the vehicle was wrong.

Please come check it out, think you'll be surprised