m.artw

[𝖕𝖚𝖓𝖎𝖘𝖍𝖊𝖉 𝖘𝖑𝖎𝖒𝖊 🩸 @bionic_ooze]

"flyover country" is when you currently have nearly 1% of the total number of humans who have ever lived in earth's history, and virtually all all of them are wallowing in mud and feces in the dark, and when they look into the sky they see nebraskans and iowans glittering above

[m.artw @m_artw]

@syshukus @TheDealMakerGuy Much better than what’s happening in Germany rn

[Imp @impostersyndrum]

Race is not real when it comes to genetic heritability, but race is real when it comes to workplace diversity.

[m.artw @m_artw]

For prostitution. This cements my worldview that this gen of billionaires is the lamest to ever exist

[Josh Norris @JoshNorris]

49ers owner Jed York was reportedly arrested at the "Wheat Hill Mobile Home Community"

https://t.co/7YT8VVH89w

[m.artw @m_artw]

Summer of Pokémon Go

[Nathan Carroll @Nathan_Boise]

I can’t explain it, but it is an immutable fact to people aged 25-35 all seemingly agree that 2016 was the perfect year, and 2016 was the perfect summer.

[Daniel @growing_daniel]

The anti-datacenter movement is literally the most rational response imaginable to an industry whose leaders have publicly said the best case scenario for their product is to get everyone fired. If you can’t see this then your brain is in late stage tech rot.

[Dr. Robert King @kingbtc]

plumbers absolutely skull fucking newfags rn

[dasha @dash_eats]

you're not bullish enough because your conviction is determined by red and green candles instead of the fundamental reasons any of this technology exists, you don't see where the puck is going you skate there after everybody else

[m.artw @m_artw]

@couchbod @Empty_America More like 50:1

[CRG @MacroCRG]

'How did you know Bitcoin was gonna pump?'

'One word...

Uber.'

[CAPRISUN @RektCaprisun]

Market pumping so hard you’re starting to remember why you ruined your life doing this

[Speculator @TheSpeculator0]

you dumb motherfuckers why do you think this is

[m.artw @m_artw]

AMMs were huge in an the late teens and early ‘20s as they allowed new pairs to be tradable instantly and because the infra for true order book markets didn’t exist. HL + lighter etc changed that

[Brian @BrianInCrypto]

Big fan of @Uniswap, but AMMs are going to zero.

At XTX Markets, I traded 4% of all US Equities volume on any given day. None of it ever went through an AMM and none of it ever will.

1. Making markets via AMMs is like being a plastic bag drifting in the wind (to quote Katy Perry). If you're a market maker, you want to be able to actively place and cancel orders across thousands of assets at different depths in the book. Doing this via an AMM is nearly impossible. Instead, you put up liquidity in a range and then acquire impermanent loss while getting picked off by takers.

2. It's more expensive and imprecise to manage liquidity on AMMs than in a traditional exchange. You have to model network congestion and then pay gas and protocol fees. Meanwhile, in traditional exchanges you have a co-located FPGA where you can easily measure p90, p99 latencies. Fewer uncontrolled variables.

3. "AMMs lower the barrier to making markets, opening the space up to many new participants." First, not everyone should be making markets. Retail participants should not be making markets. The worst thing for retail to be doing is trading against other retail. You want to trade against people who have different time horizons. For example, market maker (seconds time horizon) vs. retail (years time horizon).

4. AMMs do not segregate order flow properly. Wintermute should not be getting the same pricing as Joe in Minnesota. Retail spreads should be tighter.

5. Retail has been sold a lie on high APRs they get by "making markets" via AMMs. "452% on CASHCAT" is a great headline, but in reality the typical retail investor has no understanding of how an AMMs works. Try explaining what an AMM is to a normal person. This complexity is why AMMs will never take off for general retail outside of crypto degens.

AMMs have their place: "where most assets couldn't get a professional market maker's attention." Or during weekends when traditional markets are close, yet this gap is closing.

All of the tokenized equity issuers are moving to a model similar to @Ondo whereby stocks are minted/redeemed through RFQ (no AMMs). Now, compared to traditional markets even RFQ looks antiquated. We will soon see more dark pools and SDPs which stream quotes direct.

That is the future I see.

[Ishmael Asad @AsadIshmael]

Ngl coinbase not reporting trading volume anymore because it's not a key metric is kinda wild

[n @dyslexiccunt]

youre jerking off on stolen land bro

[Tyler @TylerDurden]

People talking about “Social Trading is the new finance”

My brothers in Christ - we had it 8 years ago you haven’t invented the wheel.

If you recognise this you are a plumber.

[Tom O’Hanlon @TomOHanlon17]

“PLEASE PLEASE LET IT GO, WE DON'T NEED TO SPEAK IRISH”

This makes my blood boil 😡

Imagine moving to a foreign country, only to then tell the indigenous people there that they have a racism problem and to stop speaking their ancient native language

[Cozy ⓣhe Caller 🔥💃🏻 @cozypront]

Not true

Crypto old heads were trading against mostly criminals and tech enthusiasts

Early crypto days you would meet some of the smartest individuals in the world

Nowadays you can farm the same 70iq copy traders 50 times every day

Literally 0 skill

[Guy @Credib1eGuy]

Okay maybe it’s time to switch to ChatGPT 😈

[m.artw @m_artw]

@dnapway The iq level required to discover and appreciate crypto in the early to mid 2010s brought with it a completely different crowd. We weren’t trading against plumbers you clown we were trading against idealistic hella nerdy quant types that could piece it all together.