johnbordall

[johnbordall @johnbordal98287]

@vydamo_ hahahhahahahah

[johnbordall @johnbordal98287]

@VentureCoinist @RobinhoodApp you fail to recognize that those numbers are on market caps that are MULTIPLE BILLIONS

[johnbordall @johnbordal98287]

@KienNguyen_NFT not a bad time to buy $cashcat at the bottom

[johnbordall @johnbordal98287]

@rbthreek @RobinhoodApp get into cashcat brother, top runner on the chain

[johnbordall @johnbordal98287]

@Pentosh1 @btc_charlie *marked the top

[johnbordall @johnbordal98287]

@ExitLiqCapital @blknoiz06 @sandyXBT grown man begging for the black bull to be in him

jfc this is how pathetic we are

[johnbordall @johnbordal98287]

@plugontele @CrashiusClay69 which one?

[johnbordall @johnbordal98287]

@TrustlessState @Lighter_xyz ok so a laggard copy of hyperliquid but without an actual community, without actual liquidity, off-chain matching, and fragmented?

got it

[johnbordall @johnbordal98287]

@ExitLiqCapital @CryptoGodJohn wouldn't expect you to be so naive about one metric in a vacuum

despite revenue AND, much more importantly, buybacks, unlocks/overhang outpaces that buy side pressure enormously

aside from speculative premium of bull, there is no reason to believe that will change until ~2029

[johnbordall @johnbordal98287]

@Pentosh1 but will it be worth it?

is robinhood an incestuous investor/operator driven pump or will this be the first of more integrations?

how does lighter compare to, say, hype builder codes when it comes to offloading the backend of a CEX?

[johnbordall @johnbordal98287]

@TrustlessState yeah, we've seen how your investments have played out in the past

this is, unfortunately, yet another bad one

no one cares if the off-chain matching engine is 'going for #1'

it's simply not making it lmao. you're better off investing in an sql database that's fucked with VCs

[johnbordall @johnbordal98287]

@Banks @NotSoEasyMoney take a second and think hard about how the ends

spoiler: yet another peak on the euthanasia rollercoaster where the space looks like a joke and only a handful off ppl walk away up while the vast majority wrecked

nothing new. nothing different.

$11m in screenshots, not money...

[johnbordall @johnbordal98287]

@cryptolala because it does not at all align with crypto ethos

it is an off-chain matching engine

even, so it is still less performant that fully onchain alternatives, which is pathetic

just use an sql database and you'll be even better off lmao

[johnbordall @johnbordal98287]

@SonuSahu87 @cryppimagic @Lighter_xyz well, at least that makes sense

because not only is it an off-chain matching engine, but it is also less performant

so yea, you'd expect a cheaper price for a shit, half blockchain half sql database, product lol

[johnbordall @johnbordal98287]

@crossedentropy I think what people fail to recognize is that hype is not competing with the backend of robinhood

hype is competing with robinhood itself

that's why hype is in a different league

[johnbordall @johnbordal98287]

@FarmerJoe0x lighter is an off-chain matching engine (i.e., 1/2 not crypto) which still underperforms hype

it is doing 1/20th of hypes volume

and it has been integrated into a corporate L2 lol...

if you want centralization just go full CME

so no, not undervalued, just simply worse

[johnbordall @johnbordal98287]

@zextu you are literally shooting yourself in the foot by posting this

you can clearly see a 20x difference in revenue

that is the basis for valuations. the bottom line is the only thing that matters

all of the action is on hyperliquid. when that chances, then you can talk about beta

[johnbordall @johnbordal98287]

@Evan_ss6 so you're excited about an off-chain matching engine that fails to compete with a fully on chain optimized L1

that's integrated into a corporate L2 (we've seen how this goes)

because... it sounds like what hype does? and the founders close friend and direct investor supports it

[johnbordall @johnbordal98287]

@JamjodSnaj hype fueled rallies are not sustainable

lit still pales in comparison when it comes to metrics that actually matter

no one will use robinhoods l2 anyway lmao we've seen this 100 times

the fact that off-chain matching can't even compete with fully onchain is sad

sell the news

[johnbordall @johnbordal98287]

@rambo_xbt @Lighter_xyz 'this isn't a sell the news event'

yet there goes the news, and what followed is selling

???

thinking there is more upside just because of the same idea yet radically different architecture and actual market share, is a path to financial self-destruction as old as time