I do not invest in whitepapers, I invest in savages who chew through metal to exert their will upon a world intent on destroying them

There are only a few such souls in crypto + Andre Cronje is one

His tweet maketh me happy

1/x
There is nothing better than a creative genius holing up to make his art

+ one day, there will be a few of us who recognize that THIS is the moment... Andre's past (years reviewing crypto code), his philosophical beliefs + humanity's strange arc through history...

2/x
... all came together to unleash a Renaissance-like, technological revolution upon us

Andre (and others like him) are aflame with ideas. They are Mozarts in their last four years... a period so drenched with creativity that it...

3/x
... “led to a wholly new kind of form, style, and sound image, with nothing backward-looking about it”

Hate on the MFer all you like

But I will tell you one thing you cannot do to Andre and the builders...

You cannot ignore them

4/x
I hope for our sakes that Andre continues to ignore us

Follow the muse

Make some "with nothing backward-looking about it”

Do what you know how to do as well as anyone on earth

Code

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More from @redphonecrypto

8 Oct
Explain it like I'm 5, please.... wtf is "NFT mining"?

"NFT" is an abbreviation for "non-fungible token" which is perhaps the worst name for a piece of technology ever invented

An NFT is just a rare digital good

More 👇
Example: I bought an insurance policy that was an NFT recently. No one else can own that policy but me.

I've bought NFT art.

I also own NFT collectibles (i.e. digital packs of Garbage Pail Kids @GeePeeKay issued by @ToppsDigital on @WAX_io).

2/x
But back to the original Q: what is #NFT mining?

A:

It's a way of fairly distributing rare NFTs into the world. Instead of selling them to the highest bidder, you give them to people who do things for your platform.

$MEME is leading the charge NFT mining.

3/x
Read 26 tweets
3 Oct
How should I value thee ?? @apyfinance

You maketh yield farming so hard with your vesting

But I shall give it my bestest shot...

Let us start with the numbers

👇 Image
MONTH 1
- 0 tokies to the team (they have a 1-year cliff on their 20 million allocation, so they don't get anything until day 366)
- 900,000 tokies to liquidity miners
- 3,000,000 tokies to seed and strategic investors (1-year vest on their 36.5 million tokens)*

*See image Image
MONTH 1 TOTAL DISTRO
- 3.9 million tokies

DAY 1 DISTRO
- 30,000 tokies to liquidity miners
- 100,000 tokies to seed and strategic investors Image
Read 8 tweets
1 Oct
Will probably look an incorrect asshole, but here's a guess on tomorrow's price:

Current MC = $706 million

# of instantly available tokens after swap = 13 million

706,000,000 / 13,000,000 = $54

More...
However, there will be an additional 3 million tokens printed and locked

So, we should really divide 706,000,000 by 16,000,000 to get $44.13.

But here's how much the markets care about fully-diluted: 0
So, let's say the extra 3 million tokens only impacts the price by 5%.

That puts us at $51.3.

But, there will likely be some excitement and not everyone moving over all their at once + people wanting to stake
Read 5 tweets
1 Oct
Top 5 misconceptions about yield farming

>>>1
CLAIM: These tokens are just printing money out of thin air
REALITY: Is that what stocks do when they IPO? When a project launches a new token via yield farming, what's really happening is a token distribution event.

More 👇
The goal is to inject tokens into the world without having them labeled securities (no one is technically paying for anything, after all). Farmers get the coins in exchange for loaning out liquidity. That's theoretically better than airdrops. Why?
Farmers now have some skin in the game... they've had to learn about a project and put some time into it. They spread the word. They help it grow.
Read 8 tweets
28 Sep
Why does my brain do this to me? Supposed to be working... instead fixated on the implications of the migration from to

1) In case ye didn't know: migration ratio = 100:1. Every 100 LEND will get you 1 AAVE.
2) Current supply of = 1.3 billion, so we should see a cap of 13 million .

But no...

Instead, we'll see an extra 3 million enter the world via the pliable birth canal that is the blockchain for a total of 16 million Image
3) The whole thing feels like a little wand-waving to conjure 30% more supply out of thin air...

4) Oh yeah, with the added "bonus" of turning the token into the "insurance" fund in the event of a catastrophic failure. Thanks for the additional risk lol
Read 15 tweets
27 Sep
Nothing more important than knowing where you're at...

If you're blindly following advice from someone in a different category, you're likely to

A) get rekkt or
B) stay poor for a long, long time
I spent half my investing life listening to guys like Buffett...

Here's a joke: spend $200 on a "value stock" that could take 10 years to get appropriately priced by the market. Maybe you make $200 more

You can't play the fundamental/value game with a tiny pool of capital
So then I started trying the momentum/swing trading game...

But I wasn't a full-time trader. That meant I was an amateur competing against pros.
Read 4 tweets

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