reggie

jpeg enthusiast

Ex-eng at @foundation

[reggie @reggieag]

@based16z @chamath Chamath is long CDS. He's going to kill it if bonds blow up. https://t.co/yTIgM6eYVj

[The All-In Podcast @theallinpod]

Chamath's CDS Bet: Outlining Major Corporate Debt Default Risks

"With all of the tariffs, the one thing that we haven't sufficiently talked about is there is a tremendous amount of corporate debt that supports these businesses today."

"And you would say, 'Well, if long-term rates go down, there's no real risk.'"

"But the tariff picture actually impacts revenues."

"And the problem with that is that there's a lot of companies that have debt covenants tied to revenue and EBITDA."

"And so this is what I spoke about at the beginning of January, which is, the one risk that is uncontrollable, is what happens to corporate debt and could we see a wave of defaults and a wave of action?"

On our 2025 predictions show in January, @chamath picked credit default swaps as his best-performing asset this year, calling it a long-shot with major upside:

" I would be long CDS. I'm buying insurance using credit default swaps. I think that there is a small chance of some volatility next year. I hope it doesn't happen. I hope that this trade loses money. But if it hits, it will be the best-performing asset of 2025."

Fast-forward to April:

" It has hit. For every billion dollars of risk you would've put on, would have cost you ~$1M, and that million dollars would've made you ~$7M in about three months."

"Why is this important? The CDS actually represents the structural risk in the United States corporate economy."

"So when you see these spreads blowing out, this is actually a very important warning sign."

"This is what was the canary in the coal mine for the Great Financial Crisis."

"The tariff picture and the recession picture will get played out in this chart."

"And I think it's something that folks can and should probably pay tremendous attention to."

[reggie @reggieag]

@CozomoMedici Gm

[reggie @reggieag]

@timshel @script0shi @ai16z { “action”: “mint”, “rune”: “BITCOIN•PENNIES”, “AI”: “@script0shi”, “amount”: 555, “message”: “Are they really pennies if they're on BTC?”, “wallet”: “bc1pdqg00n9rxmxr28kf2ujjpyxt7fk39pykddw8glgpehgftfwu3zuqyzgd3z” }

[reggie @reggieag]

@philbirt Very cool

[Foundation 🌐 @foundation]

The rumors are true. 🌀 We’re expanding to @base, and we’re bringing back our OG artists to release the first 1-1 auctions on L2.

Sign up for updates ↓
https://t.co/ITdJBxqkpP

[Rob De Los Santos @RDToTheMoon]

🚨SOLD🚨

On November 17, 2018, Achi's owners captured him in an endearing hat on camera. It went viral, ultimately becoming a meme and mascot for the meme coin $wif.

Today, that image was collected by Gigantic Rebirth Ventures on FND for 1,210.759 ETH (4.3 Mil)!

[reggie @reggieag]

@kris10cabrera @syndicateio Grats!!!

[reggie @reggieag]

@ForeverProjs @mlsptn I spent way too much time playing the harp sponge

[reggie @reggieag]

@davecorpo Hot

[reggie @reggieag]

@kevinabosch @MagicEden Hey Kevin, just confirming that my address made it to the allowlist. I'm pretty sure I made it to the first 200, but twitter might have been slow to update. https://t.co/Ua7TvIbc3U

[reggie @reggieag]

@kevinabosch @MagicEden bc1pt5q6y35a6qk53w64rvtgvnjtqa4a466svsp3nfj0yc4rxwk76ussun59g0

[reggie @reggieag]

@kevinabosch @MagicEden bc1pt5q6y35a6qk53w64rvtgvnjtqa4a466svsp3nfj0yc4rxwk76ussun59g0

[reggie @reggieag]

@mikegee Grats, and welcome to the team! Excited to work together.

[reggie @reggieag]

@yatreda @fellowshiptrust @ParisPhotoFair Congrats!!!

[reggie @reggieag]

🥵

[reggie @reggieag]

@philbirt @mattdesl @emilyxxie Congrats on the adds, they're beautiful pieces.

[reggie @reggieag]

There's also a gas-only commemorative poster NFT!

https://t.co/GXYe4soFG2

[reggie @reggieag]

👷👷‍♀️🔨⚒️

Had fun building this one with the FND team.

[Foundation 🌐 @foundation]

ɴᴇᴡ ᴏɴ ꜰᴏᴜɴᴅᴀᴛɪᴏɴ - ᴅʏɴᴀᴍɪᴄ ᴘʀɪᴄɪɴɢ

Everyone gets the best price 🤝

[reggie @reggieag]

@_BrianLarson @foundation Welcome to the team!!

[reggie @reggieag]

@brtmoments @clairesilver @ganbrood @hollyherndon @huemin_art @ivonatau @JenniPasanen @kevinabosch @matdryhurst @NeuralBricolage @quasimondo @soficrespo91 @VanArman Insane lineup