Sash @sash_savage - Twitter Profile

#Ethereum. 11 of my lawyers are fighting for your rights. They just filed this motion to dismiss with the SEC. The fact pattern here seems superior to the fact patterns of other cases you see in the courts, and as such it's a wonderful place to make a stand! Check out the strong First Amendment arguments. This affects free speech, open source software and more. Crypto projects, consider asking your lawyers to file an amicus brief in this now ripe case. Amici are best served well before the SEC's brief is filed (3 months from now), though this court has no official guidelines. Good precedent set, is good for everyone. Bad precedent set, is bad for everyone. Due to this court's individual rules, this brief has been served on the SEC but will not be shown on the public docket until all briefing is complete in August. It is still a public document and free to share at this point. This link is only valid for 2 weeks. Feel free to tag other crypto communities and important twitter accounts! This affects more than crypto. https://t.co/mAnqq5fB4e

RichardHeartWin's tweet photo. #Ethereum. 11 of my lawyers are fighting for your rights. They just filed this motion to dismiss with the SEC. The fact pattern here seems superior to the fact patterns of other cases you see in the courts, and as such it's a wonderful place to make a stand! Check out the strong First Amendment arguments. This affects free speech, open source software and more.

Crypto projects, consider asking your lawyers to file an amicus brief in this now ripe case. Amici are best served well before the SEC's brief is filed (3 months from now), though this court has no official guidelines. Good precedent set, is good for everyone. Bad precedent set, is bad for everyone.

Due to this court's individual rules, this brief has been served on the SEC but will not be shown on the public docket until all briefing is complete in August. It is still a public document and free to share at this point.

This link is only valid for 2 weeks. Feel free to tag other crypto communities and important twitter accounts! This affects more than crypto.
https://t.co/mAnqq5fB4e

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Sash @sash_savage

over 2 years ago

@jabai7617 @Rainmaker1973 Bro smashing it with the ChatGPT replies...

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sash_savage retweeted

Richard Heart

@RichardHeartWin

over 2 years ago

Richard Heart teaches you about guessing price moves based on PulseX liquidity. Price moves as a square. Take for instance WPLS / DAI pair. It has $22.3M Dai in it. If you double the Dai, the price goes up 4x. However, this would make the WPLS in that pair more expensive than in the ETH, USDC, USDT pairs, so arbitrage bots would sell it down and buy the cheaper pairs making the difference. Which is why smart whales spread pressure across all the pairs leaving less arbitrage opportunity, thus getting better deals PLS for the $. Thus how might one guess how much price would move up based on $ input? Add up the $ in DAI,ETH,USDC,USDT vs WPLS pairs. Every time you double that $, the price 4x's. If people remove liquidity, the numbers go and down easier. If they add liquidity, the volitility is reduced. Don't click any links in responses as they're from imposters or scams. $49M is sitting bid side for PLS in PulseX v1 across DAI,ETH,USDC,USDT currently. So another $49M in would be a 4x in price. Another $441M would be 100x in price. If it all happened in a single order across those 4 pairs. It's no exact, because arb bots and other market participants buy and sell along the way, and there's other quite smaller pairs to arb with too, like PulseX v2. As far as guessing goes, it's quite a good and mathematical guess. Core lessons. 1. Lots of people talk a lot but have no idea what they're actually talking about. 2. Prices in PulseX are very mathematically defined. 3. Some info sites show you 1 side as "liquidity" and some show 2x as much as they count both sides of the liquidity. 4. The "liquidity" you see for PLS vs PLSX shouldn't be used to guess price moves based on $ input, because the $ inputs you're talking about would come via ETH, USDT, USDC, DAI. But wait, there's more. Reflexivity. Because most things are paired with WPLS, their prices vs $ fly up as well when WPLS goes up. Heart's law. The prices of things that trade vs each other rise and fall together, as they are bonded by the liquidity in their order books. Long story short. As you can see by the massive price movements up recently in WPLS, PLSX, HEX, INC, it really doesn't take many millions to cause quite large movements up. You can literally see the money in and the chart movements. It's obvious, measurable, and mathematically defined. Thus, when you're guessing, use the correct pairs, look out for the doubling of "liquidity" by counting both sides, realize that liquidity is like inverse leverage. It too affects both directions, up and down. It's easier to reason about PulseX liquidity because it's equal in both directions. Another catch, the DAI, USDT, USDC, ETH prices on PulseX can also move around based on peoples orders, so they're not 1:1 with the same assets on ETH for instance, but arb bots love to keep them locked, and make the profit on doing so via arbitrage. But wait, there's even more. If you're a ratio trader, and swapping from PLS/PLSX/HEX/DAI amongst themselves without needed to touch stables or eth pairs, then your slippage is quite less, because there's so much more liquidity in those pairs amongst themselves, vs those things paired with stables or eth. Which is why you shouldn't use those pairs to guess price moves, based on inputs from the stables and ETH pairs, as you would greatly miss-guess the price moves to the small side. TLDR; Prices have moved up a lot, with quite less than hundreds of millions of buys, because math. People are bad at math. Not financial advice. Past performance is no guarantee of future. Good luck with your guessing! https://t.co/2CJHmtOOr2