Fully guilty of ignoring $PRL a few months ago because I saw bearposts + the price chart looking like shit + my mental laziness saying “another AI chain. another cash grab”
I came across @brezshares article. read it once. read it twice . fed it to claude. spent two days talking to it. learned things about bitcoin that i had previously taken for granted. its safe to say that im $PRL pilled
i will be spending the next week trying to dig more into the research pieces, the technology, tracking miners,neocloud/data center economics, etc. will try and post all i can about it
this could be a multicycle cook if done right. need the tism to dream and hold.
it is far better for most people to left curve $PRL and play it as a narrative trade
there is a very high tendency to midcurve investing in this saying "Oh! its already at $2B fdv. so expensive"
this is not some value investing/growth play like HYPE at TGE
study btc pa from 2013-16 in fdv terms
(FULL OF ALPHA) My appearance on stream today. We talked about the reflexive price loop Zcash [road to $1 trillion] is in and who's buying it, why Derive is the most underpriced derivatives protocol in crypto, and what the hell Pearl is
0:20 Crypto Twitter has no conviction
5:10 Zcash trillion dollar price loop
11:21 Ethereum is not money
19:19 who's actually buying Zcash?
24:53 the Derive bull case
33:27 HYPE can’t compete in options
38:28 Pearl is AI-secured Bitcoin
46:36 miners are switching to AI
49:09 a real man's coin
@kalyugenjoyer@brezshares@gaintheory_ a few years
has to go through drawdowns, being called a failure, being called a scam both by the crypto community and outside
most wont have the cherries to weather through them all. I hope that I do
@defi_monk great take
undoubtedly a top 5 team in crypto
I also think that when the protocol becomes much bigger, risk curators will be comfortable paying an above nominal take rate
imagine moving $10B worth capital, bear sc risk, all for an additional 5% in margin