bitcoin belongs to the suits now.
i stopped waiting for $BTC to front run alts like it used to… i know that old muscle memory where bitcoin moves first and the rotation follows is gone. it’ll never play out like it used to and that’s not a bad thing.
the people holding size today in Bitcoin aren’t just degens refreshing charts at 3am. they’re institutions on ten year time horizons. their dry powder isn’t sitting in a hot wallet waiting to ape. it’s parked in tradfi, or it’s already in the btc they bought way above where any of us wanted to. they’re not in a hurry. we are. that mismatch is the whole story.
as such part of my investment thesis has shifted. i still buy bits of bitcoin here and there (on solana obvi) but i no longer DCA.
what i do DCA is solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp - its my not so new store of value play…and its native to solana with a familiar cult like following.
i’m here for the life changing tech, the vibes, and the cultORE. ⛏️
@bfresh@solana@base@RobinhoodCrypto wrong on all counts
i) one aws server with a multisig is not a chain
ii) l2 blocktime measures a different thing than l1 blocktime, the same measure on solana would be ~70ms (source: I'm the largest provider)
iii) it is currently doing 4tps i.e 700x less scale than SOL
shalom
After over 2 years of blood, sweat and sacrifice… Mainnet is imminent.
We have spent an inhumane amount of hours building what we believe to be not only the most complete trading venue in the world... But also infrastructure that will serve as the blueprint for the largest technological advancement for financial products in recent history.
We have come along way since the birth of perpetual contracts, but we are still a considerable distance away from offering an environment that real size is willing to deploy on
In a game of never ending exchanges, the question we have repeatedly asked ourselves is "why would people switch?"
The answer for us is simple, we offer that environment.
For the longest time the debate has been between globally distributed, or fast… And although you absolutely need both, this misses the point entirely.
The heart of an exchange is the risk engine. Where real people trade real money, you must offer the most efficient venue for protecting and enabling capital.
BULK approaches risk management like a tradfi clearing house - precise and robust. Our key differentiator is SPAN style portfolio margining, where every asset has a correlation that adjusts required margin dynamically based on market conditions. A result of this is positions hedge each other resulting in lower margin requirements.
Leading CEXs and DEXs don’t offer anything close to this, but instead they view your portfolio on a per position basis, which puts capital at risk.
For over 3 decades SPAN has been the gold standard for futures and we are brining it on chain.
Liquidations are like precise surgeries where it’s an optimisation being run in realtime. During market momentum bulk removes positions that don’t correlate and reduces your protfolio risk, instead of liquidating an entire position
To build an engine like this is incredibly expensive when it comes to compute, which is why no L1 today is able to offer the same.
There has never been a better environment for someone to disrupt this space and offer an experience that the industry so desperately needs
Competing between ourselves in crypto is too short sighted, as the true TAM for this is EVERYTHING
The best thing about this, is that because we are a complete stack, every market participant from traders and hedge funds to validators and market makers, get to become part of the network and benefit in the growth of it.
As an ecosystem, we have repeatedly told each other not to let the traditional giants come and take everything we have worked so hard to build… This is our chance to see that reality.
We are not only committed, but obsessed with building something truly capable of advancing modern finance on a global scale
One Exchange. Infinite Markets.
Pretty awesome to see what @alphafcxyz is doing! Tokenisimg football teams with @AlfretonTownFC ! Their token generation event is the start of a revolution. Won't be long before the big players follow suit ♦️. Can't wait to see what they have in store next! 🤑💰💰
@bulktrade FZ8vfbghqykeE9Ma11xubZABx513HFZgSETAFyuVjHc8
I'm sick of giving my fees on large volume to CEX's and bulk is a community aligned project I'm looking for on solana 🫡
i) that chart is wrong, it was never 5k, always hovered around 1.5-2k
ii) besides the data being wrong, what actually matters is the number of profitable nodes, and that number has actually gone up — otherwise I can spin up 400 unsustainable validators to boost this number with minimal cost
most of the nodes shutting down are small no-stake nodes that were from SFDP which is now winding down
iii) alpenglow will soon go live and reduce voting costs 10x
iv) solana just released a home verification client this week
v) 800 nodes is still quite a bit more decentralized than your single aws server — especially now that there are multiple independent clients
if you still think solana is not decentralized, please go ahead and attack the central source of failure and put up a 9 figure short