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28 Sep, 11 tweets, 2 min read
Rainbow math:

According to Rainbow Theory™ the price goes back down to "BUY"/"Basically a Fire Sale" area prior to every halving. Next halving is around March 2024

According to Rainbow math, the price could be as low as pretty much exactly the price right now, ~$42k, by then.
On the precise day of the halving, the price tends to be a bit higher, so $56k.
ok ok the real reason why you're here
Disclaimer: THE RAINBOW IS A SCAM PLEASE DON'T PUT THIS IN YOUR PRIVATE BANKING ARM'S MARKETING MATERIALS
Disclaimer: YES THE RAINBOW KEEPS WORKING DESPITE BEING A SCAM AND NOBODY KNOWS WHY

COULD BE THAT IT PREDICTS A SUPER WIDE RANGE (LOG SCALE JUST LIKE S2F) OR JUST SURVIVORSHIP BIAS (A THOUSAND MODELS JUST LIKE IT WENT IN THE TRASH BUT ONE/FEW ARE BOUND TO WORK FOR SOME TIME) IDK
Disclaimer: IF EVERYONE BELIEVES IN THE RAINBOW IT WORKS FOREVER
Disclaimer: ALL RAINBOWS ARE ARCED / GO TO 0 EVENTUALLY. THIS IS HOWEVER CONSISTENT WITH THE FIRST TWO LAWS OF THERMODYNAMICS IN WHICH THE UNIVERSE EXPANDS AND REACHES MAXIMUM ENTROPY, AN EQUILLIBRIUM WHERE NOTHING ELSE CAN HAPPEN AND NO VALUE CAN BE EXCHANGED
Disclaimer: IT MIGHT BE POSSIBLE TO REVERSE THE PROCESS OF ENTROPY BUT WE ARE UNAWARE OF ANY SUCH THINGS BECAUSE WE ARE SIMPLE 3-DIMENSIONAL BEINGS. RAINBOW THEORY DOES NOT INHERENTLY ENCOMPASS THIS POSSIBILITY BUT IT IS HOWEVER CONSISTENT WITH GÖDEL'S INCOMPLETENESS THEROEMS
Disclaimer: THE FIRST INCOMPLETENESS THEOREM STATES THAT NO CONSISTENT SYSTEM OF AXIOMS WHOSE THEOREMS CAN BE LISTED BY AN EFFECTIVE PROCEDURE (I.E., AN ALGORITHM) IS CAPABLE OF PROVING ALL TRUTHS ABOUT THE ARITHMETIC OF NATURAL NUMBERS
Disclaimer: THE REVERSAL OF ENTROPY AND THE PRICE OF BITCOIN THUS GOING BACK UP AGAIN AFTER HITTING ZERO IS CONSISTENT WITH THE FACT THAT RAINBOWS ARE NOT ONLY ARCED BUT ARE INFACT CIRCLES nationalgeographic.org/encyclopedia/r…
Disclaimer: THIS IS THE END OF THE DISCLAIMER BECAUSE WE'VE QUITE LITERALLY GONE FULL CIRCLE

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More from @ercwl

eriverse Profile picture
28 Sep
hey guys🔺👋
why are so many from Avalanche commenting
ffs I thought 🔺 was a warning signal

meaning caveat emptor, i.e. "buyer beware". and that ppl were using it to remind people to be cautious in this nascent space. WTF
Read 4 tweets
eriverse Profile picture
28 Sep
NFTs are not inherently ”crypto assets” imo. Yes, they use a blockchain as the issuance/transfer mechanism, but that’s irrelevant. There are dollar-backed and gold-backed ERC-tokens. Are dollars and gold ”crypto assets”? No.
While the NFT space might have emerged from the cryptocurrency space, and many NFT collectors are cryptocurrency enthusiasts, and much of the art therefore is deeply-rooted and connected to the interests of cryptocurrency enthusiasts, that does not make them ”crypto assets”.
As time passes, it will be more and more common that a wide variety of assets are issued and traded on blockchains (stocks etc), but the underlying technology for the registration and transfer of ownership has no impact on the type of asset class something belongs to.
Read 6 tweets
eriverse Profile picture
24 Sep
After weeks of discussion I was just turned down to get my first mortgage because of my crypto transaction history
I said ”ok look I won’t do any crypto transactions at your bank then”

they said ”we are sorry but we can’t serve you with the knowledge of what you are doing at other banks”
I’m usually a pretty privileged semi-white CIS male and this offends me
Read 8 tweets
eriverse Profile picture
14 Sep
In 2017, if a blockchain went down, I thought it was the scandal of the year.

”Omg how can it be down? Money is ”down”, what, like a server? Money can’t be a server! It can’t be down! People can die if money is down! All must learn about how awful this is so people don’t die!”
Now, I don’t think that way anymore. A blockchain is (should be) one of the most replicated data sets around, if they’re ever going to be money. As long as the data set is around and you have your private key, you can still sign transactions.
Of course, unless you have a payment channel (which would still work even when the baselayer is down), a signed transaction is not a guarantee of payment, but I bet in a mature crypto world, there will be tons of custodial apps that would accept signed transactions as collateral.
Read 10 tweets
eriverse Profile picture
13 Sep
1/ A random DeFi story: My colleague @VetleLunde at @ArcaneResearch told me about an arb opportunity on Aug 18 between HEZ<>MATIC. HEZ holders will be able to swap 1 HEZ for 3.5 MATIC after the announced @PolygonHermez launch.

HEZ was trading at $4.18
3.5x MATIC traded at $4.83
2/ At first I did not believe the arb was real--buying HEZ was essentially buying MATIC at a 13.5% discount if the merger would happen as announced. It was a long time since I made an effort to chase easy arbs manually in crypto (I thought they would be gone by now).
3/ There are a number of risks and limitations that can cause a discount. In this case, the obvious ones were:
- What is the % that the merger does not happen?
- How long will it take until the merger?
- How expensive is it to short $MATIC for said duration?
- How liquid is $HEZ?
Read 20 tweets
eriverse Profile picture
12 Sep
So, is it now correct to say I was right directionally but 6 months early with my prediction? It took 12 months, not 6. But it happened.
Since the bet excluded stablecoins like USDT and USDC, here’s a chart of just ETH on @arbitrum which alone accounts for more than 10x of LN.
Of course this was going to happen. I can’t understand anyone who thought this was not going to happen. The weird part is I think those who bet against me did not do so because of timeline, but because they actually thought Bitcoin’s L2 TVL would keep growing faster than Ethereum
Read 4 tweets

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