peggy

But you merely adopted the ponzi; I was born in it, moulded by it

[peggy @pegfault]

@CL207 Yeah it’s honestly so entertaining lol I think it started off as trolling

To be fair though kalshi is known for its great tech and innovation. Can’t wait to move my volume there!

[peggy @pegfault]

@KyleSamani @jayendra_jog Won’t solana DEXes also be huge losers? Or are they not big enough to be in the conversation?

Sorry your pinned tweet has me confused !

It sounds to me like your (paper) kalshi position has exceeded your SOL + drift exposure ?

[peggy @pegfault]

@KyleSamani @defi_monk binance 2.0

so binance $200b * 2

ok !

[peggy @pegfault]

@LorenzoARK @tradexyz @HyperliquidX i don’t understand the question

i think the probability tradexyz pivots away is sub 5%. if they did, they lose more in usage than they gain in margins, and they realize that

i think it would be easy for them to be supplanted by another hip3 deployer, or the HL team itself

[peggy @pegfault]

@blknoiz06 @frankdegods @stoicsavage i wouldn’t say i hate sol, but i think the general vibes are bad due to how core messaging from sol promoted memes that led retail to slaughter

sure ETH fees were high but at least they were paid to interact with real protocols

[peggy @pegfault]

@chumbawamba22 Agree, it is a decent litmus test so to speak. Either defi is long term antifragile and can be scaled up, or it is impossible to have truly bulletproof open source finance

[peggy @pegfault]

@vibhu Now do SOL MEV!

[peggy @pegfault]

@KyleSamani @sytaylor no one "wants" to kyc, i would wager most are law abiding taxpaying people who simply want the best trading experience (and don't want their personal information vulnerable in a government honeypot)

[peggy @pegfault]

Drake talking about FTX and SBF lmaoooo

[RoboStrategy @RoboStrategy]

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[peggy @pegfault]

I think it matters how they do it. I wouldn’t be surprised if S3 is only a small fraction of the remaining 30% of supply and rest is burned. Market currently believes FDV is 3x circulating so that would be the bullish scenario.

If they full unlock everything remaining on S3 then it’s bearish

[peggy @pegfault]

@KyleSamani @RyanWatkins_ @AustinBarack My man is a master troller. You have my full respect

[peggy @pegfault]

@toptickcrypto Been this way

[peggy @pegfault]

@0xMerp @TheSpeculator0 Any sufficiently successful founder will have an article like this published about them

Just so happens that exchanges are the only successful companies in the space

[peggy @pegfault]

@toptickcrypto real ones know codex mogs claude ever since codex-5.3 was released

[peggy @pegfault]

one of the wisest decisions HL team has made is keeping hypercore closed source

i was at first skeptical of this decision as it's obviously against the open source ethos of crypto. but it helps minimize the attack surface as well as serves as a huge competitive moat

[peggy @pegfault]

@DonCryptonium the yield paid out to LPs was crazy and unsustainable, i printed >1% / day for several months

probably has something to do with it

[peggy @pegfault]

@cyphera___ @stoicsavage forks are bullish generally. immutability maxis will retain their coins, people who care about quantum will get their forked coins, neutrals will get a free “dividend” and the fork will create lots of buzz and enter the zeitgeist