1 year ago. I sent the $TRUMP CA at $40 million to my public group and changed their lives forever.
I am only allowing 50 more people today
$40M โ> $70 billion
Over 10,000X ( $100 - $1m flip)
Retweet + reply to join ๐
Or you can Keep fading me.
I Realized I Was Prejudiced - And I'm Sorry
โThere is nothing noble in being superior to your fellow man; true nobility is being superior to your former self.โ
For a long time I privately, and sometimes publicly, mocked meme coin traders. I would say the standard go-to lines, "there's no real utility, it's all rugs and serial launches, just degenerate gamblers chasing a quick hit"
If I'm being painfully honest with myself? I felt smarter than them. Even superior.
The problem is...almost everything is a meme. Even our fiat currency. Instead of a cartoon animal its usually a dead political figure. On a piece of paper. With no real backing other than the shared belief it has value.
A meme is simply an idea, behavior, or narrative that virally spreads person to person. It's cultural transmission. It's shared belief. And once you understand that, you realize how much of the world - not just crypto - runs on only attention and perceived value.
As I've said in some of my recent points, most markets are driven by mindshare and narrative far more than people want to admit. True utility (for those that even have any) is never equal to asset value by any sane, human valuation mechanisms. This is true for "serious" crypto assets - majors/alts/memes - it's all the same.
Yes, there are highly addicted gamblers in the trenches.
There are also highly addicted gamblers trading "blue-chip" crypto assets. The liquidation histories of some very large CT personalities make that painfully obvious.
The label we place on an asset doesn't change the behavior of some people who interact with the asset.
Somewhere along the way I convinced myself that trading blue chips made me more disciplined. More rational. More professional.
But that belief didn't actually make it true. It just made me feel superior.
I've only been the steward of a meme coin for a couple weeks now. The thing I dreaded (and really didn't want to) take over has turned into one of my most valuable crypto learning lessons of the year.
I've met people I would never never interacted with otherwise. And surprisingly I've come to really love and appreciate many of them. And if I'm being completely honest? Many of them are smarter and more skilled than I am.
The biggest learnings I've had are this:
Degen trench warriors weren't stupid or unsophisticated the way I believed they were. On the contrary they are mostly a group of people who simply saw the game for what it was. Faster than the rest of us. They understood that in most of crypto, liquidity and attention are the only things that matter. Not the stories about utility and adoption we tell ourselves to feel smarter.
While the rest of us "professionals" comfort our decision making with things like, "ETH will always have mindshare" or "fundamentals will win in the end," they got very good at identifying winning narratives before they exploded - and just as importantly, recognizing when that attention was about to shift to something else.
That fast, chaotic, casino-style game people love to mock? One could even go so far as to argue it's just highly efficient capital rotation. It's honest about the game, even when the game is brutal. And let's face it: there are fewer arenas that are as brutal as the "Wild West" that is crypto.
I'm genuinely saddened that I - with my core values of embracing and loving the entirety of humanity - discovered I was holding private prejudice and propping myself up as superior to my fellow man. That is NOT what I am about.
But likewise I'm genuinely happy that this unexpected road I was put on led me to some important realizations. Not just about crypto, but about myself and life in general.
I don't think I'll ever be as adept as the true trench warriors in identifying emerging narratives. My mind is wired for playing and winning longer-term games. I'm a "slow and steady to win the race" type of guy. I would likely fail miserably if I actively traded in that environment.
But to all of those who saw past the illusions we all like to tell ourselves? Who can analyze and pivot at quantum computing levels of speed? I tip my hat to you. For it was you that was truly superior to me all along.
๐ซก From the depths โ
The White Whale ๐
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