Your title and your creds mean shit here sers

There is a societal transmogrification underway

In crypto, idgaf about your back acne, only contributions matter

Where tf else do you find yourself listening to audio interviews with anons?

More below
I don't think I've ever listened to an anon podcast before... then, 2 weeks ago, I find myself listening to a transcript with #psyopsGod @DegenSpartan



2/x
Today, I find myself listening to Molly's "synthetically generated avatar"

She looks so charming, but she bring-eth her f'ing 🪓 and cuts your ego to shreds



3/x
"I think the most important thing that hardcore developers should do right now is to forget about the valuations of money-related things and build a project that can be used literally in this week. If you're sitting alone with a pitch deck with your magical...

4/x
"... defi project's logo on the first page and waiting for a VC to write you a check at your fair $50 million pre-alpha, pre-money, pre-anything valuation, you've already lost," she says

5/x
"Scapegoats are coding while you're talking. Nobody remembers pitch decks from the dotcom era. But everyone remembers Netscape and Marc's code behind it. The same things, code, products, users, will matter in the next 5-7 years in defi."

6/x
"We will all only understand (#defi and crypto) in the next 5-7 years."

Ditch the pitch deck dilds

Long the f'ing builders

$HEGIC $YFI $SNX $ETH $AAVE $SYN

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More from @redphonecrypto

28 Nov
I'm long $HEGIC, but I've never said why

Let me do so now

$HEGIC = an options protocol

[Notice the word "protocol"]

More 👇
<

annoying definition time:

options are a way to hedge or protect your investments in things like $BTC and $ETH

or to make leveraged bets on big price moves...

translation, they are advanced tools for chads-squared

/>

2/x
$HEGIC offers options on $ETH and $wBTC atm

What excites me about it is this word: protocol

$HEGIC = a set of rules that enables the construction of an entirely new options ecosystem

It = scaffolding that other devs can build different financial tools and products on

3/x
Read 18 tweets
27 Nov
The $SYN price isn't deterministic. It's still dictated by supply and demand

However, once $SYN staking begins and if SynLev can sustain $10 million in daily volume, the platform will be spitting out $20,000 per day to be split among all $SYN stakers

More below
If 80% of $SYN is staked, and there are say 20 million $SYN tokens in circulation, that means each staked $SYN (16 million of them) will be earning $0.00125 in staking fees per day or $0.45625 per year

2/x
If $SYN tokens are spinning off that much income, the price of $SYN can be expected to rise bc people will want to capture that income

If $SYN rises to $2.10 and it's paying $0.45625 per year, that translates to a yield of 21%+, which seems reasonable/achievable

3/x
Read 9 tweets
26 Nov
Sers, my hat is in hand

I am humble boy from humble home

I spend time looking, watching, learning, learning, learning

all to see where the future will taketh us

And sers, when I see it in mine mind...

I only see $RUNE

More 👇
Sers, I talk to you a lot about friction

I am not meaning THAT sort of friction sers... no no no

Not the sort 13-year-old boys care so deeply about

Forgive

I am meaning the heavy friction of modern finance

2/x
Over centuries it has gotten weighed down, corroded + made slow to change

Its joints can hardly bend

And it can hardly lift its head to see tomorrow

Not to mention two years hence

Sers, the magic of crypto is it erases friction

3/x
Read 28 tweets
25 Nov
And lo the young man heard that there were others like him...

poor and weary in a world of disease...

who had scraped together some small piece of their wages

And used it to buy a different sort of money

This was not money of the governments of men

👇
This was money made by ghosts and ghouls, by men and women whose faces no one knew (nor would ever know)

This money was not controlled by elders with bellies that swayed when they laughed and pushed like overfull bladders against the ivory buttons on their shirts
This money was governed by something altogether different...

by a higher order...

by math...

by the inalienable laws in fact of the universe itself...

The young man did not tell a soul what he was doing. But he bought the new money, too
Read 9 tweets
24 Nov
NYDIG's Robby Guttman crushed this interview

In it, he broke #Bitcoin converts down into 3 categories

1) Cultural

Those with a personal or family experience w/ collapse of a regime or monetary system

More 👇
2) Timing

Those who remember life before the internet, but were plugged in enough to see how its completely transformed society

3) Tradfi

Those who worked on Wall Street or have studied money enough to know fiat currencies are a shared delusion
If you grew up in a fairly stable country with a fairly stable money supply, you forget the power of Category 1.

"Personally," Robby says, "my grandfather escaped Nazi Germany after hyperinflation destroyed his wealth & fascists murdered his family...."
Read 5 tweets
23 Nov
If this is the beginning of a bull market, it could be the biggest bull market in the history of bull markets

Now, bear w/ me...

I'm not going to pud off and start talking about #bitcoin as "Gold 2.0" or #ethereum as a "world computer"

No, let me tell you a secret...

More 👇
I will tell you a secret about bubbles:

you can usually tie them to the rapid growth of new financial products

Examples:

- Housing bubble, rise of subprime mortgages, mortgage-backed securities and credit default swaps

2/x
- Dotcom bubble, rise of web + online brokerages like etrade that democratized daytrading

- South Sea bubble, rise of share loans that essentially = call options

- Tulip bubble, rise of futures markets

All those bubbles shared this: the elimination of financial friction

3/x
Read 22 tweets

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