RamiWrites 🇵🇸

Crypto reacts to macro like a smoke detector reacts to toast. I explain both. EIC @dec_masters

[Stats @punk9059]

I just ran these numbers on Micron stock going back to 1997 and the results are even crazier.

If you only held Micron from the US market close to the US market open, everyday, you'd be up 171,853x.

If you only held the stock during market hours, you'd be down 99.96%.

Anyone knows what drives this?

[RamiWrites 🇵🇸 @RamiWrites]

@MaxCrypto

[RamiWrites 🇵🇸 @RamiWrites]

@DonAlt We’ll soon realize the big daddy buyers are here to flip us and leave us without a phone number

[RamiWrites 🇵🇸 @RamiWrites]

@0xFrenxbtdotxrp New meaning to stop loss

[Alonso Gurmendi @Alonso_GD]

The “uninvolved civilian” they shot at was a SEVEN MONTH OLD BABY.

His name was Sam Fahd Abou Haikal.

[Jackson Hinkle 🇺🇸 @jacksonhinkle]

THE PEOPLE WHO DID THIS TO GAZA WANT TO LECTURE YOU ABOUT HUMAN RIGHTS!

[Wazz @WazzCrypto]

Oh husbant, u bought the mossad x CIA privacy fedcoin honeypot and now we are homeress

[Abdul @0x_Abdul]

i may have severely underestimated saylor's game

dude literally started the dot-com crash

[RamiWrites 🇵🇸 @RamiWrites]

I used to think like this then I realized I was being a masochistic retard making excuses for being a poor investor

Your net worth doesn’t have to die for some idiotic sense of idealism

You are not “going down with the ship”

You are being an idiot

You owe your family better

[plunge @xcoldplunge]

Most people still holding $eth are likely ready to go down with the ship; at least I am.

Ethereum is a bastion of freedom and self-sovereignty in an increasingly controlled world.

No amount of number go down could get me to sell. Even with most of my net worth in eth, I would hold it to literal zero.

I would rather take a chance on eth and be wrong than give up hope on the most inspiring invention of my generation.

Come zero or valhalla, I'll be here.

Believe in somΞthing.

[Atrioc @Atrioc]

we are reaching levels of debt and gambling that are truly a wonder to behold

[RamiWrites 🇵🇸 @RamiWrites]

@TylerDurden He'll always buy Bitcoin, it's the in-between that makes his ponzi appear like it isn't one

[RamiWrites 🇵🇸 @RamiWrites]

@saylor Only reason you'd sell Bitcoin before buying more is to meet financial obligations

In your case, obligations that had no reason to exist

[Gwart @GwartyGwart]

“So you print something out of thin air and sell it and then buy bitcoin”

“That’s right Dave”

“And then you created other things to print out of thin air to sell to people and then buy bitcoin?”

“That’s correct”

“And now you’ve finally landed on the ideal instrument to print out of thin air and sell to people to buy bitcoin?”

“I believe so Dave. I believe so.”

“But in order to service the payments on this new instrument, you have to sell the bitcoin, am I understanding that correctly?”

“Well I’m saying we might sell some bitcoin to pay the dividend or we might choose to, that’s right”

“Why don’t you just not buy the bitcoin in the first place then, Michael? Or why not just keep the bitcoin and not issue more of this thing?”

“No. it doesn’t work like that.”

[Arkham @arkham]

If you bought Coal on Runescape 1 year ago you outperformed Ethereum

[Caitlin Johnstone @caitoz]

Basically every Israel-Palestine debate goes like this:

"Israel did X."

"Yeah, because the Palestinians did Y."

"Yeah, because Israel did Z."

"Yeah but only because the Arabs did A."

But if you bring the debate back far enough in time, eventually you get to the part where the western world forcibly dropped a brand new ethnostate on top of a pre-existing civilization without the permission of — and to the extreme detriment of — the people who were already living there.

Sure you can go further back and say "Oh yeah well the Jews lived there thousands of years ago," but that's just silly. There's no valid reason to believe some Jewish guy in New York City even has any meaningful lineage connecting him to that land more strongly than any random Muslim in Turkey or wherever, and even if there was, it would still be absurd to cite ancient history as the basis for a territorial claim. I'm only a few generations removed from my ancestry in Ireland and Scotland, but it would be ridiculous for me to show up demanding the home of someone who lives there.

So the original source for the grievance is clearly the artificial creation of an ethnonationalist state in the mid-20th century, and the push by Zionists and western imperialists to make it happen.

And how has that decision worked out? You see the results before you. Generations of nonstop violence and abuse, culminating in the slaughter and chaos throughout the middle east today.

This means that creating Israel was a mistake. A mistake that needs to be corrected.

Zionists will collapse into a shrieking pile of vitriol and hyperbole when you say this, claiming you're calling for the extermination of Jews, but this is false. Certainly ending a national order premised on putting the interests of Jews before Palestinians and righting the wrongs of the past would inconvenience a lot of the Jewish people who've been living there, but there's no basis for the claim that it would entail their deaths. Apartheid South Africa was dismantled without the extermination of millions of white people, and there's no reason to believe the dismantling of apartheid Israel would entail the extermination of Jews.

The Israel experiment has been tried, and it has failed. It is time to try something else.

[Gwart @GwartyGwart]

I believe self custody of assets with private keys is legitimately one of the most powerful tools for sovereignty we have ever devised but the industry has completely bastardized this term to the point of uselessness. The original notion (in my mind at least) of self custody was having a string of letters and numbers or 12 words that unlock your assets. “Self-custody” when interacting with smart contracts and defi has become virtually meaningless at this point, encumbering coins with layers and layers of risks and dependencies, incredibly misleading

A lot of this narrative was ostensibly for regulatory reasons: “we don’t take custody of your assets, you deposit them in this pool or contract with self-executing code” but that’s so obviously not true at this point it’s an insult to our lived experience. Or, if it is “true” in the literal sense that the code technically always does what it is allowed to do, the “self-custody” component is very far down the list of what is actually important with these systems, a red herring really. Clearly Drift depositors didn’t (don’t) have “self-custody” of their funds. And the common retort is “well Drift doesn’t really either.” ok but North Korea does now.
At this point I liken self-custody in the context of defi to saying that you are the only one with the keys to the front door of a bank vault but there’s another door on the other side of the vault that criminals (or regulators, who knows) can enter with impunity and take your assets. Is it really that relevant that you’re the only one with a key to the front door?

The reason this is jading is because truly securing your wealth with private keys if you choose is a 0 to 1 unlock for some people (maybe the only real 0 to 1 unlock in this space) but that was conflated with all of these systems that have multisigs, upgrade keys, oracle dependencies, layers upon layers, turtles all the way down, often times with very obvious single points of failure. What is the value of self custody when a multisig can reorg your assets out of existence? The whole thing is very disillusioning

[RamiWrites 🇵🇸 @RamiWrites]

@Vladcostea Are you retarded?

All these projects are Bitcoin’s code made slightly worse, and with 1.1 mil BTC why would he give a shit about them?

Or your stupid drivechain hard fork

[RamiWrites 🇵🇸 @RamiWrites]

Airdrop: Bitcoin edition

[VLAD HOSTS THE BEST PODCAST IN BITCOIN @Vladcostea]

Paul’s ecash hard fork is an excellent reason to:

1. Buy as much bitcoin as you can before August

2. Withdraw all coins from exchanges so you can claim your free ecash

Super bullish!

[curb @CryptoCurb]

"so you staked your ETH on the Ethereum blockchain to earn yield?"

"yes, Dave"

"except you didn't want your capital to be locked up so you actually staked it with a liquid staking protocol called Lido?"

"that's correct, Dave"

"and Lido gave you a liquid staking receipt token called stETH in return?"

"yes, Dave"

"and then you didn't think that was enough, so you juiced the yield even further by depositing your stETH receipt tokens into a restaking protocol called Eigenlayer?"

"you are correct, Dave"

"and now you didn't want to lock up your capital, so you actually restaked with a liquid restaking protocol called KelpDAO who provided you with a liquid restaking receipt token called rsETH?"

"you got it, Dave"

"and then that was surely not enough juice, so you then deposited your rsETH tokens into a lending protocol called AAVE so that you could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero whose security is held together by a 1/1 toothpick, which was obviously hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry"

"you are 100% correct, dave"

jfc.

[Gwart @GwartyGwart]

$280m from Kelpdao moved in mere minutes onchain. This would have taken 2 weeks and hundreds of dollars in wire fees on tradfi rails.