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찌 G 跻 じ ⚡️ 🔑 Profile picture
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7 Dec, 5 tweets, 1 min read
i just realized 50 something BTC is a milly

jfc
"well 52 BTC aint that much..."

oh wait, it is
idk about you but i plan to always keep some BTC

definitely at least ONE whole coin
imagine gifting your children 1 BTC in the future just as they embark their adulthood

could be the difference between a privileged start vs ending up an NPC
of course, dont tell em beforehand in case they grow up as cunts thinking they have a safety net

in which case, its money better spent on yourself rather than your loser kids (which are the by product of your shitty parenting)

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More from @DegenSpartan

찌 G 跻 じ ⚡️ 🔑 Profile picture
7 Dec
2020 was when liquidity mining and LPing took off
get paid to provide liquidity

2021 will be when liquidity migration will take off?
get paid to migrate that liquidity to L2s / other chains / from other protocols?

migration tool + some time/rewards lock as a defector bonus?
imagine using the liquidity migration tool provided by the vampiric protocol that would help to migrate over your liquidity

in exchange, you get X rewards, but your liquidity and/or rewards are also locked for Y period
the same "deal" could also be offered to fresh users

so its something sort of like a term deposit

bonus X rewards if lock for Y period
Read 4 tweets
찌 G 跻 じ ⚡️ 🔑 Profile picture
7 Dec
pure gov tokens are the new payment tokens

payment tokens now are nearly extinct - the struggling few still around are trying to overhaul / enhance their utility

ofc gov tokens can evolve into something "more"

some will cross this chasm and be successful

many will fail
crypto isnt restricted to old world structures and thus need not conform to old structures

those that survive future extinction events will very likely do so because they evolved to look like some gov-work-security token hybrid, because that's probably what makes the most sense
gov-work-security hybrid cos

gov - a system still requires some sort of governance to evolve to stay relevant (compete against others / forks)

work - hodlers cannot be free riders, they must also be the value creators / risk bearers

security - there IS expectation of profit
Read 4 tweets
찌 G 跻 じ ⚡️ 🔑 Profile picture
6 Dec
whales accumulating
interestingly, this address held ~46,000 MKR at Apr 2019, when it was worth about 4 ETH per MKR

it has been periodically offloading

i think they have 9000 MKR left

market price today is about 0.9 ETH per MKR
not *this address

but the address that i think it originated from
Read 4 tweets
찌 G 跻 じ ⚡️ 🔑 Profile picture
6 Dec
if you were a smart contract auditor, isnt it massive alpha?

- technically competent to understand code that hits you
- evaluate professionalism of the team from interactions
- you can understand whether the idea is garbage or not

then you can buy it if its a damn good idea?
pure fin background, zero tech / dev knowledge capital allocators like me will progressively lose out to those that can dual wield well

my edges are decreasing over time
that said tho, my experience so far observing tech bros that have zero practical finance knowledge or no investment history are that they are usually the worst ppl to take financial advice from

too much academic theorycrafting

too little realized profits
Read 5 tweets
찌 G 跻 じ ⚡️ 🔑 Profile picture
4 Dec
~7 months later, $REP is -62% in ETH

alternative betting platforms, both decentralized and centralized, exists

"use augur for insurance" is a dead meme - there's actual insurance / discre cover projects now

"use augur to speculate on prices" was always retarded to begin with
maybe people dont remember or never cared, but augur v1 had some weird price action betting markets which were basically options where the reporters would report the final price, and based on your purchase price, would be your leverage

really weird shit
augur can now be unbundled to be:

betting markets - polymarkets and some others

"insurance" - all the actual discretionary cover projects, which there's like 5 now?

options - the likes of hegic, opyn et al
Read 5 tweets
찌 G 跻 じ ⚡️ 🔑 Profile picture
3 Dec
im guessing we'll see a website that tracks the actual yield of each BETH variant, along with which services are currently staking how many ETH

marketplaces for the different BETHs is gonna be very interesting, to see how people price illiquidity + indv custodial risks
like let's say there's some big FUD on binance or coinbase

that could spill over and be reflected in their BETH variants trading at discounts because people arent confident that they can survive until the BETH can be claimed
will X service survive until BETH redemption?

can X service be trusted to run their validators without getting slashed too much?
Read 5 tweets

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