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Larry Cermak Profile picture
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14 Sep, 5 tweets, 1 min read
LMAO what's up with Arbitrum now? You can't tell me that it's down too right?
Wow this last hour has been a rollercoaster of emotions lol
Looks like this is an issue affecting the Arbitrum sequencer. So you can use Arbitrum without a sequencer it looks like
No blocks in the last ~30 minutes. Given that sequencer is an absolutely crucial part, it might as well be down
And here it is LMAO what a day

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Larry Cermak Profile picture
14 Sep
The last block on Solana was produced almost 40 minutes ago. Not fantastic
Actually never mind it's been down for much longer. The timer on Solana Beach is actually just broken. Looks like down for almost 2 hours now
The reason I see floating around is that there was a highly anticipated IDO scheduled at 12pm UTC and too much demand caused an outage. Not sure about the technical details though
Read 8 tweets
Larry Cermak Profile picture
13 Sep
God damn what a chart
If this is real then god have mercy on us all. Walmart getting scammed lmao
On the other hand if this is not real then holy fuck lmao they scammed Reuters and Zerohedge
Read 4 tweets
Larry Cermak Profile picture
31 Aug
The wallet that funded this NFT's creation has a lot of suspicious transactions. Funded from Binance (likely KYC-less), used Tornado, and also played Dice2Win.

For now I would say to stay cautious and the link has been pulled again.

Wallet here: etherscan.io/address/0xbe1d…
IMO makes literally 0 sense to bid unless Banksy actually posts to Instagram. Otherwise you could very well get rugged and it's weird that Pranksy bid 100 ETH with no confirmation
LMFAO it just sold to Pranksy
Read 4 tweets
Larry Cermak Profile picture
16 Jun
I've been asked by a few people what I think about the current market and the honest answer is that I have no fucking clue right now. I think no one knows. CT has just been a lot of noise and not much substance lately. Everyone is still down a lot and coping. My brain dump:
What jump-started this market last year and attracted a lot of interest was undoubtedly institutional investment in Bitcoin as a macro hedge. MicroStrategy kicked off the balance sheet trend and when Tesla announced they allocated, the market exploded. It was a validated trend
As prices rocketed up, we saw a clear significant inflow of retail customers. All the social indicators were far surpassing what we saw in 2017. A lot of trash and meme coins started rocketing up - full blow mania. Institutional capital wasn't in the driver's seat anymore.
Read 14 tweets
Larry Cermak Profile picture
8 Jun
Bear posting seems to be back and the market looks to be flimsy. I don't really know what will happen short term but I just want to say that looking at previous bear markets and thinking it will be a multi-year one again will almost surely be wrong. Very different dynamic now
Flushing the complete horse shit that was pumping over the last few months is actually going to be healthy. Most retail interest is declining and the vast majority of meme ponzis are heading to 0. Same with useless DeFi tokens. The space and insti buy-in is here to stay though
LOL while I absolutely love the "this time is different" jokes, how many times are you guys going to make the same one? I'm happy to elaborate at some point later why I think so but basically my position is that we either die completely or operate on much shorter cycles
Read 4 tweets
Larry Cermak Profile picture
12 May
The implications of this are going to be really interesting. Vitalik 100% rugged these meme token investors. They would be rugged regardless later don't get me wrong and by much worse intentioned people but still... Wouldn't be surprised if this leads to lawsuits
My guess is that he did this because it clogged Ethereum and caused gas to be consistently above 400. Uniswap swaps were $300+ because of these tokens and they were quite literally useless. Ethereum was unusable and led to really shitty activity.
Of course he didn't do anything illegal. It was his tokens that he was gifted but that doesn't mean that people won't go after him with dumbass lawsuits
Read 7 tweets

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