rach

in 🐇🕳️

[rach @rach545_]

@Team__Spirit I literally got ptsd on sh1ro’s mirage awp )

[rach @rach545_]

@Team__Spirit im sry but this cutie pie just way too cute 😂

[rach @rach545_]

@NexusLabs I’m Ready for Camp Nexus!
0x238Aa392A6d794Ee2A61d599be7f761949560a0D

[Jay Yang @Jayyanginspires]

so real

[Dovey "Rug the fiat" Wan (hiring) @DoveyWan]

https://t.co/ncB2dkvcNd

[rach @rach545_]

I just love to see this "debate" going on.

[Balaji @balajis]

A memecoin is a zero-sum* lottery.

There is no wealth creation. Every buy order is simply matched by a sell order. And after an initial spike, the price eventually crashes and the last buyers lose everything.

* It’s actually negative sum if the platform takes a cut.

[Arthur Hayes @CryptoHayes]

For those of you who can afford a 1,500 GBP subscription, I highly recommend reading Russell Napier’s Solid Ground Newsletter. His writing on JP and CH monetary / fiscal policy is a must read to understand global macro.

[Balaji @balajis]

MONEY AFTER AI IS CRYPTO

What is money after generative AI and robotics? This is essentially crypto. Money itself becomes cryptocurrency, just as much intelligence becomes electricity.

Here’s why:

1) First, cryptocurrency is what’s provably scarce in the age of AI abundance. That isn’t a bad thing. For example, you need scarce crypto assets to prove you’re a human when AI tools for faking humanity are abundant.

2) Second, money is a bridge across economically distinct actors. You don’t need to pay your hand to move, nor do you need to pay a robot you own to move. But a robot owned by another economic actor will still need money to rent. So, send the coin to unlock that drone.

3) Basically, scarcity at a high level doesn’t go away, so money doesn’t go away. But many forms of scarcity may go away. Washing machines are stationary household robots and may be replaced by walking machines that are mobile household robots.

4) The supply chains to build the robots and the nuclear power plants to run the AI datacenters will remain scarce. And those are largely in China, and more generally in Asia. So money is valuable there.

5) The most important form of scarcity in the AI age are the private keys to control the robots. Those too will be crypto, because web3 backends like Bitcoin and Ethereum have far higher levels of security than any web2 system.

In short: AI is digital abundance but it doesn’t make everything abundant. Crypto is digital scarcity and complements AI’s abundance. So money after AI is crypto.

[More Jesterly The Giver @lazyvillager1]

Essay: Making the Case for Ethereum

This essay is the culmination of pts 1-3 I have published, where I opine around:

Pt. 1: Timing of flows
Pt. 2: The merge of TradFi participants into CryptoFi
Pt. 3: Re-imagining "yield"

Punchline: I believe ETH is greatly misunderstood and mispriced, creating an opportunity to create a cheap risk-adjusted position relative to the pool of ALL publicly available-assets today

This mispricing exists because of:
i. Structural inefficiencies with public/private institutional-grade assets
ii. Pricing heuristics

Herein I seek to create the "what you must believe" to mechanically answer how an investment in ETH solves to be a superior alternative product consumable by a $130T fixed income market+

To begin with a keynote:

Marc Rowan from Apollo addresses back in 2023 the philosophy of creating a spectrum of products enabling "excess returns at every point along the risk-reward spectrum"

https://t.co/tzYpJNFF7s

Private-public opportunities are emulsifying (the notion of "private = scary" is being debunked), and similarly, what is considered an acceptable returns threshold, and the HOW TO of creating said return is ALSO broadening

In pace with this - this slow, but eager, pool of capital available to deploy into a 8-12% asset is the DEMAND upon which there needs to be a custodian to SUPPLY: ideally not by a new proctor (eg. Celsius/FTX) but something trustworthy: a BlackRock or Fidelity

Why now:
The catalyst to remove this mispricing has happened via the ETH ETF as a policy signal likely directing the flow of permanent capital rather than the temporary debt-like capital that underpins crypto today

Extrapolating how this can magnify: we seek to increase our understanding of something by measuring it against other precedents

E.g.
"New memecoin" <- How does this compare to WIF?
"Bitcoin ETF" <- How did this compared to the gold ETF?
"Ethereum ETF" <- How did this compare to the Bitcoin ETF?

The search for symmetry - even where there may be none - is where opportunities are derived - this heuristic is lazy, but usually quite efficient

However, with ETH, I believe we are entering an unprecedented outcome where prior precedents are a poor retrofit given the separation in classification: BTC is observe as a fiat-hedge whereas ETH has the potential to be a retrograde self-sustaining yield product, able to displace significant commodities & bonds flow as a superior conduit

The pool of capital and window of opportunity, can be condensed very finely via the following:

1. Fast money moved to erase pricing inefficiencies (borne out of the perceived move seen prior with BTC ETFs)
2. Slow money - without any guardrails set in place today - will soon be able to buy ETH, and therefore participate in the value accrual of the underlying network, without actually using it
3. Toxic flows at open are materially lower than that, and the discount, associated with GBTC

ETH therefore represents an instrument borne of yield - opening up the book & risk appetite as an asset that fits in the alternatives playbook, helping bridge today's gap of "premium" assets (land, AGI, tech) that has already been bid up - meanwhile ETHBTC and ETH performance in general appears to be an unpriced & plausible local bottom

Thus, while global liquidity is at a crossroads - and private markets suffer from lagging, or even fraudulent mark-to-markets (office/industrial REITs), dislocation continues to exist amongst the typical debt-equity spectrum.

The average investor is "tapped out", with the age-old "60/40 portfolio" having been defunct for many years now: ETH very well may be the sovereign answer & I under-write that inflows will be priced accordingly as soon as the 1st domino drops

[Lex Fridman @lexfridman]

"Think lightly of yourself and deeply of the world." - Miyamoto Musashi

[Loopify 🧙‍♂️ @Loopify]

i am continuing to raise funds for Gaza

you can donate below:

SOL: 6iohECyT5iKqa2YKwh6dXnhMQUwj1K38HQ44efutC7q6
ETH: 0x8F9aE9840a7E5982fC95442346819a47e490c752

for every 1 rt i will donate $10 up to $10K, please share!

[Dovey "Rug the fiat" Wan (hiring) @DoveyWan]

Meme coins are not results of financial nihilism, but financial absurdism. Camus said it out loud 100 years ago.

Cultural fluidity, identity crisis, death of both traditionalism and modern liberalism, all these led to a substantial void of meaning for modern day autistic monkeys. Trends, narratives and products, ranging from consumerism to internet tribalism, emerge to fill in that void.

So the narrative and identity alignment within each coin now serve as a novel means of expressing meaning and connecting with like-minded individuals—similar to the early days of the internet when cat person, usually introvert and socially quiet, finally found an outlet for posting pictures of their beloved cats.

Meme coins, unlike majors which may hold onto some grandiose narratives and community legitimacy, offer a land to shelter all those who couldn’t care less of “what’s a long term meaning”. Only the most absurd the most short lived but the most hardest dopamine hits that will retain this group of warriors who have no other war to fight (but have to release their ADHD power somewhere)

It’s a great PMF, it’s a a great cultural movement, let’s have fun and get rich

[sharvil @sharvilmalik]

0G Labs just raised a massive $35M pre-seed round from hack vc, alliance dao, okx among many big names.

here's everything you need to know about the first modular AI chain

@mheinrich, cofounder of @0G_labs on @cryptotownpod 🌅

(guest appearance by giga 🧠 @spark_ren)

more below ⬇️

[rach @rach545_]

cracked me up 🥹

[TedXBT @Tedtheeast]

@0xcryptowizard 信任铁顺，质疑铁顺，痛恨铁顺，信任铁顺

[rach @rach545_]

@mrkujo1969 @tipcoineth Tip up @tipcoineth

[rach @rach545_]

@mrkujo1969 @tipcoineth Tip up @tipcoineth

[rach @rach545_]

@SmileyM48420448 @tipcoineth @tipcoineth tip up

[rach @rach545_]

@nafiezsyahreza @tipcoineth @tipcoineth it out

[rach @rach545_]

@DavidRh56609487 @tipcoineth Tip up @tipcoineth

[rach @rach545_]

@DavidRh56609487 @tipcoineth Tip up @tipcoineth