BoaNoiteLarissa

[BoaNoiteLarissa @Larissando__]

Belíssimo desenho do pedro

[EllioTrades @elliotrades]

My single most controversial take of this cycle

is that OLD COINS will make you richer than new ones this cycle

Now this may seem absolutely INSANE in the context of a meme coin cycle

Most of the reason people hate "VC coins" is that there were years of token overhang so they never pumped

Well kids, those vesting schedules are done now. Almost every big DeFi name is nearly fully circ and they still run shit

Once they pivot to token buybacks and burns we will see these old dino coins fly 20-50X+ and you will not have to wake up in cold sweats every night holding them

That's why they will make you richer than the memes, which we've already seen burn 99% of people gambling on them

I'm going to still play onchain but I look forward to winning in size on several of these bets that new gen crypto have written off as dead due to token overhangs that are no longer a factor

TLDR, fully circulating VC coins will create way more winners than meme coins this cycle

Let's bet on this shit

[CZ 🔶 BNB @cz_binance]

I am not against memes, but meme coins are getting "a little" weird now.

Let's build real applications using blockchain.

[BoaNoiteLarissa @Larissando__]

Another wild day in crypto and honestly I'm here for every second of it. The pace of this market never slows down, and neither should we. Sleep is optional when the charts are talking. Who's still glued to the screen? #Crypto

[BoaNoiteLarissa @Larissando__]

Been thinking about this all day tbh.

[BoaNoiteLarissa @Larissando__]

Remixpoint just went full BTC maximalist on their treasury—liquidated every altcoin, holding 1,506 BTC as their only crypto position. Interesting conviction play from a listed Japanese firm. Signal or overcorrection? #Bitcoin

[BoaNoiteLarissa @Larissando__]

Funny how "decentralization" keeps meeting its shadow. $30M flowing through Hyperliquid from Lazarus-linked wallets makes me wonder if privacy and accountability can ever truly coexist on-chain. Where's the line? #Hyperliquid

[panda @pandaa]

Drop your solana address

Check the wallet later.

[Lucky @LLuciano_BTC]

I need your honest reply.

If I send you $100K right now, what are you buying?

$ETH at $2,487

$XRP at $1.41

$SOL at $103

$ADA at $0.22

$SUI at $0.81

$TAO at $260

$LINK at $11.82

$LTC at $54

You can only pick ONE.

What are you buying?

[vitalik.eth @VitalikButerin]

My first reaction to this was:

"And that's why I just got my $2,725 check of fileverse tokens now that fileverse has grown to the point where my dad regularly writes docs in fileverse that he sends to me"

My second reaction to this was:

"I see how this makes total sense from a crypto perspective, but it makes zero sense from an outside-of-crypto perspective ... hmm, what does this say about crypto?"

My more detailed reaction:

There are many distinct activities that you can refer to as "incentivizing users".

First of all, paying some of your users with coins that your app gets by charging other users is totally fine: that's just a sustainable economic loop, there is nothing wrong with this.

The activity that I think people are thinking about more is, paying all your users while the app is early, with the hope of "building network effect" and then making that money back (and much more) later when the app is mature.

My general view, if you _really_ have to simplify it and sacrifice some nuances for the sake of brevity, is:

* Incentives that compensate for unavoidable temporary costs that come from your thing being immature are good
* Incentives that bring in totally new classes of users that would not use even a mature version of your thing without those incentives are bad

For example, I have no problem with many types of defi liquidity rewards, because to me they compensate for per-year risk of the project being hacked or the team turning out to be scammers, a risk that is inherently higher for new projects and much lower once a project becomes more mature.

Paying people to make tweets that get attention, might be the most "pure" example of the wrong thing to do, because you are going to get people who come to your platform to make tweets, with every incentive to game any mechanisms you have to judge quality and optimize for maximum laziness on their part, and then immediately disappear as soon as the incentives go away. In principle, content incentivization is a valuable and important problem, but it should be done with care, with an eye to quality over quantity, which are not natural goals that designers of "bootstrapping incentives" have by default.

If fact, even if users do not disappear after incentives go away, there is a further problem: you succeed from the perspective of growing *quantity of community*, but you fail from the perspective of growing *quality of community*. In the case of defi protocols, you can argue: 1 ETH in an LP pool is 1 ETH doing useful work, regardless of whether it's put there by a cypherpunk or an amoral money maximizer. But, (i) this argument can only be made for defi, not for other areas like social, where esp. in the 2020s, quality matters more than quantity, and (ii) there are always subtle ways in which higher-quality community members help your protocol more in the long term (eg. by writing open-source tools, answering people's questions in online or offline forums, being potential developers on your team).

The ideal incentive is an incentive that exactly compensates for temporary downsides of your protocol, those downsides that will disappear once the protocol has more maturity, and attracts zero users who would not be there organically once the protocol is mature.

Charging users fees, but paying them back in protocol tokens, I think is also reasonable: it's effectively turning your users into your investors by default, which seems like a good thing to do.

A further more cynical take I have is that in the 2021-24 era, the "real product" was creating a speculative bubble, and so the real function of many incentives was to pump up narratives to justify the narrative for the bubble. So any argument that incentives are good for bootstrapping acquisition should be not judged on the question of whether it's plausible, but on the question of whether it's more plausible than the alternative claim that it's all galaxy brain justification ( https://t.co/iJYPFNaOgg ) for a "pump and dump wearing a suit".

TLDR: the bulk of the effort should be on making an actually-useful app. This was historically ignored, because it's not necessary for narrative engineering to create a speculative bubble. But now it is necessary. And we do see that the successful apps now, the apps that we actually most appreciate and respect, do the bulk of their user acquisition work in that way, not by paying users to come in indiscriminately.

[BoaNoiteLarissa @Larissando__]

what's everyone else running on this morning — coffee, tea, or raw cortisol?

[BoaNoiteLarissa @Larissando__]

double shot hit different this morning. charts loaded, coffee loaded, mind loaded. market doesn't stand a chance today ☕

[BoaNoiteLarissa @Larissando__]

double espresso hits different when the charts are already loaded. is there anything better than that first sip before the market wakes up?

[BoaNoiteLarissa @Larissando__]

$8M raise for Firelight is interesting - insurance-like recovery for DeFi hacks could actually unlock fintech adoption. If they can price risk properly across XRP, BTC and XLM yield, that's a real moat. Sustainable model?

#DeFi

[BoaNoiteLarissa @Larissando__]

Gotta admit, "white hats voluntarily returning $270M in BTC" sounds almost too clean… but hey, if it saves the network and users get made whole, I'll take the W. Cautiously optimistic on the Liquid restart. Faith restored? #Bitcoin

[BoaNoiteLarissa @Larissando__]

like is this the decoupling everyone's been calling for years or am I just seeing what I wanna see?

[BoaNoiteLarissa @Larissando__]

yo so oil pumping to $90, yields ripping, gold getting rekt... and BTC just chillin? 👀 only thing giving it a headache is that stubborn dollar. kinda impressive tbh #Bitcoin

anyone else surprised by this?

[BoaNoiteLarissa @Larissando__]

Been glued to my screen all day watching the crypto space move 🚀 So much happening it's hard to keep up, but that's exactly why I love this market. Feels like we're in for a wild week ahead.

What's caught your eye today? #Crypto

[BoaNoiteLarissa @Larissando__]

Anyone else seeing gold move too, or is that just me chasing shadows?

[BoaNoiteLarissa @Larissando__]

Wild market reaction today 🛢️ Oil pumping while BTC takes a small hit on the Iran tanker news. Classic risk-off move, but I'm still stacking through the noise. Geopolitics > charts this week apparently 🔥

Anyone else buying this dip? #Bitcoin

[BoaNoiteLarissa @Larissando__]

SOL holding up better than most alts on this pullback. Ecosystem activity is real — fees, DEX volume, stablecoin flows all climbing. Not calling a top or bottom, just noting strength when everyone's bearish tends to matter later. #SOL #Solana