One 🤡s reactions to the $YFI

1st thought: That's $220 million+... jfc

2nd thought: Well, maybe they'll get rid of the mint

3rd thought: They're not getting rid of the mint

More 👇
4th thought: They're adversarial AF to investors who are holding something w hardly any cashflow

5th thought: What's to stop them from coming back to mint another quarter billie?

6th thought: I'd rather own token x at this point
8th thought: Don't you do that, $YFI... don't you compare yourself to other projects. You can't. You're different. You play a different game than all the rest

9th thought: Wow. I think about crypto too much to be feeling this emotional
10th thought: Well, I guess they're less than 1/2 of $AAVE's market cap...

11th thought: Burn the f'ing minting ability after this. Who gives AF if other projects keep it?

Let $YFI be the beacon on the hill

Let $YFI be the one with courage (like its always been)
12th thought: If $YFI crumbles, many of the projects they've sucked into their nexus will as well
13th thought: If this passes, I won't sell because $YFI represents a lot of things to me... things I just love about crypto in general. Fair launch, community, innvoation, rule-breaking, genius, madness, simplicity, complexity, the death of well-dressed Man
14th thought: Seems like I might be emotionally attached to this project rather than just financially attached

15th thought: F it. Emotional attachment is how f'ing legends are born

16th thought: The world has known many sculptors but there was only ever one Michelangelo
16th thought: And who am I kidding, anyway. They are at the beating heart of innovation in DeFi. They either become a world-eating goliath or they return to dust. It is known

17th thought: $$$ is seductive. $$$ eats souls. Find some way to make this work long-term. Burn the mint
18th thought: I've made enough off crypto to stop trying to poach 50% off cryptos w small dreams

I want to own a piece of the one token that eats worlds...
19th thought: Nothing but respect for devs. Keep building. Keep exploring

You are wolves. You prowl the very edges of the Known Possible

It is lonely there. It is bitter. It is cold

But there is beauty there... beauty the rest of us may not see for many years to come
20th thought: A DeFi world without $YFI is one I'm not all that excited about

21st thought: You can build ponzis that rip off nurses. Or you can build something that's going to change the world for the next 100 years

My bet is that $YFI falls in category No. 2
22nd thought: Burn the f'ing mint

23rd thought: Actually... you know what...

do whatever TF you have to do to keep being you

I think what I'm trying to say is...

I'm not leaving

I'm not f'ing leaving

Long $YFI

Long the wolves who prowl the fringe

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More from @redphonecrypto

15 Jan
A lot of people bitch about whales, but small traders have advantages, too

1 = Time

You can use it like a shank and stick it in the sides of the less patient and/or more active traders by holding long-term

2 = Ability to enter tiny projects

More 👇
It simply isn't worth a whale's time to look at low MC projects (say anything less than $10-$50 million)

There usually isn't enough liquidity there...

If you're holding $10m, putting $10k into a high-risk investment doesn't move the needle much
Sweet spot = entering a tiny project that's here for the long-term

I visualize projects as moving through plateaus. You can ride that climb

Plateau 1 = the true degen traders who buy tiny presales and do a lot of Uniswap flipping
Read 7 tweets
12 Jan
🤡 musings (not f'ing advice) on defi + adoption + #s

1/ It's January, and a single country (the U.S.) is already floating the idea of a $3t stimulus package

2/ Defi has done about a 27x in TVL over the past year to hit $22b lol

More 👇
2.5/ If the defi trend continues over the next year, we'd be approaching $600b in TVL

3/ Sound big? Consider that there's $18t earning negative yields atm ($600b is just 3.5% of that #)…
4/ Let us be reasonable bulls and say $BTC and $ETH triple this year That alone would take the crypto industry to $2.5t

5/ If the industry hits $2.5t and 20% of that finds its way into DeFi, we're at $500 billion TVL
Read 8 tweets
3 Jan
Sers, the results are in

May I present to you the official $DEGEN10

These are the Top 10 tokens (excluding $BTC and $ETH) that many of the most diehard crypto OGs think will dominate in 2021...

More 👇

The 2021 $DEGEN10

$SNX (102) @synthetix_io
$AAVE (79) @AaveAave
$SUSHI (76) @SushiSwap
$RUNE (71) @thorchain_org
$YFI (71) @iearnfinance
$LINK (50) @chainlink
$DOT (41) @Polkadot
$UNI (39) @UniswapProtocol
$GRT (35) @graphprotocol
$SYN (35) @SynLevdefi

👆 (parens = # of votes)

I'll track the performance of the $DEGEN10 vs. $BTC, $ETH and $USD regularly

142 entrants in total

Current plan = track the performance of the contributors' individual picks to see which degens rule them all at year end...

Read 11 tweets
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

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

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

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
30 Dec 20
🤡 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?
Read 4 tweets

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