🤡 musings on the $COVER hack & the professionalization of crypto

1. Every exploit that doth not kill me makes me stronger

So long as the dev and the community does not give up, the product actually gets better
2. Crazily, the exploit could benefit token holders who were long. We sell for a tax loss and get new tokens, presumably in a new tax year

3. The above assumes, of course, people haven't lost complete faith in the project and the new tokens retake old highs (far from guaranteed)
4. I've been thinking a lot about the "professionalization" of the space

The new drum-beat in my mind is "The MBAs are coming"

Can small, grassroots teams compete with well-funded sharks from Wharton and MIT?
5. Long-term, I'm doubtful. But the one area where grassroots teams can continue to win is in the regulatory gray areas

6. $COVER is a reminder we're explorers on the fringe

Grit, courage and creativity will win no matter where TF you come from

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More from @redphonecrypto

1 Jan
legends were born this year, sers

and legends extinguished

and i was here with you to see it all

10k followers in 7 months. Mineself is honored and astounded

mineself once was lost

but now i see

the walls around the halls of power look so very thick and mighty

1/6
but they are made of cake

and we have shown up hungry

a single tongue fills many mouths

it speaketh the freest language the world hath ever known

words come out in code

1s and 0s disturb the iron claw

from Dalian to Memphis... La Plata to Tallinn

2/6
we do not let the $$ lead us astray

for we are only partway there

after 12 years of building, the true fun begins

this year, sers we fucking take it to the people

we reach a hand into the future and pull ourselves forward by a generation

we change the order

3/6
Read 6 tweets
31 Dec 20
Lo, sers, I have been down in the crypto valley and stood upon the rapturous peaks

Down low, I exited two trades too early over the past 18 months. Both could have turned a few thousand $$$ into 7 figures had I pegged the top

More 👇
I could focus on those and turn into a bitter biotch who over-trades and checks the charts every few minutes, but i’ve made plenty... enough even to give some $$ to my local homeless shelter this year

If I'm honest, when I think about “trading” cryptos, I sometimes feel perverse
I’m thinking gains while the very ground is trembling beneath our feet. I’m just happy sers to be alive and aware of what’s happening right now

We live in the land of plenty, and the playing field hath been leveled
Read 7 tweets
29 Dec 20
One 🤡's ELI5 on $WHITE @WhiteheartDeFi

Wtf is Whiteheart?

(art via @crypto_caviar)

<commence thread 👇>
First, you have to understand $HEGIC

It's facing dilution, but I'm long-term bullish

See the thread below on why... or read the tldr below

tldr = $HEGIC isn't your typical options platform...

it's an options protocol, which take options from something that trades on CLOB-y centralized exchanges and turns them into the fabled "money legoes" Ethereans love
Read 22 tweets
29 Dec 20
One of my big conceptual shifts for 2020 was fully accepting #Ethereum $ETH as a "global settlement layer"...

That's a lame ass phrase but I think it's true

Ethereum is becoming the deepest, most liquid market for ANY asset... any form of value

1/7
The most obvious example is #bitcoin trading on Ethereum.

That was phase 1

Now, we're seeing basically every blockchain project in the world create a "bridge" to Ethereum

2/7
That means that even if a token trades on another blockchain, it's got a tradeable version of itself on Ethereum, too

In this market, it simply HAS to

Ethereum is where the users are, and it's where the capital is

3/7
Read 7 tweets
28 Dec 20
Degen 10, anyone??

You're cordially invited to join me in the Degen 10 Index

DM or respond here with your Top 10 picks for 2021

I will build an index of the most common 10 picks and track them on a reg basis (prob monthly)

1/3
I'll also update you with a leaderboard for who's doing best

RULES:

- No $BTC or $ETH allowed
- Tokens must be trading and listed on Coingecko as of Jan. 1
- Anons + named degens are welcome to participate

2/3
- Gains will be based exclusively on token prices (so you might want to leave out your fancy elastic supply algo stabies)
- Just for fun (and bragging rights)

🤡 out
Read 5 tweets
27 Dec 20
95 crypto theses for 2021 Image
Image
Image
Read 52 tweets

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