I think this is a fantastic article. I was considering writing something very similar.
I really dislike the idea of useful proof of work, as what is considered βusefulβ at the protocol level is arbitrary and gameable.
Can $PEARL go parabolic? Definitely, but so can any coin.
The Labs team will insist you know nothing if you critique them. Meanwhile the token is down ~60% since ATH & down ~30% since they rugged the DAO FE. As it should be, they've shown you cannot trust them
Do I not understand Aave or do they deliver literally $0 to token holders?
Ep. 8 - solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp, solana:omfgRBnxHsNJh6YeGbGAmWenNkenzsXyBXm3WDhmeta, solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp, Launchpad Token as a ceiling is fading away, Thoughts on Rip Cars, Main $ZEC pair on stonk getting flipped, and more
Ep. 7 - Easiest money is still launchpad coins, $ZEC pullback, solana:98kfF7rmsg1QDUEoCqNE7g7M1FdrTt92TEp2CLzypump and attention going back to pumpfun, The power of dividend coins, solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp Coinbase partnership, solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp, and more
@jackthepine talks about his net postions in solana:METAwkXcqyXKy1AtsSgJ8JiUHwGCafnZL38n3vYmeta, solana:HTmQz7My6MehV7bjhJ6jde8nDND1yvsz68d24LP7YgUQ, and solana:DEW9dSN6QpWyNthphCpMmAbZP1Q4cEKR9xQXAri98WDP over the past week.
All launchpads are extraction machines fueled by attention, just with different degrees of extraction.
Seeing a bunch of people mad at @Pumpfun for vamping @LaunchOnSF is too funny. Itβs just part of the game.