good thread and mental framework

"mo money, mo problems" absolutely exists

money should be used to blast away problems, not attract and breed them

if becoming wealthier has made you more unpleasant to be with, more unhappy, unhealthy or unsatisfied

you're suffering from MMMP
6529 talks about an aspect of L5 as being motivated by "the love of the game" and that resonated well with me

that's definitely one of the reasons why im still here tbh

to reach L5 post consumption / self actualization, i have some suggestions myself

i might not be as wealthy as some other people, but i have enough to be comfortable while also being content with the current path that im taking

unlike wealth, i blv that anyone can be at peace, kind and happy, as such things are not finite resources, but rather states of mind

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More from @DegenSpartan

8 Oct
considering that ribbon is part of the VC's investment portfolio, i think its safe to assume that the analyst went rouge and this was not a sanctioned activity

makes you wonder if privileged information was discovered by the analyst which led to the execution of this strategy
i mean, unless they are all extremely spastic
Read 4 tweets
7 Oct
you can either optimize to legitimize (part of) your wealth and as such, voluntarily opt in to comply with regulations

or you can optimize for living under the radar, using the black/grey markets and engage in money laundering (even when your gains are completely legitimate)
as more parts of our lives get digitized (CBDCs) and scrutinized (AI tech), the latter will keep becoming more and more difficult for people to attempt

wat do wen cash dies in your economy?

gripto rich, irl poor

move to 3rd world country that hasnt caught up technologically?
the digital / metaverse economy *might* be an outlet to spend crypto wealth without coming back to the meatspace and regulations

or might also end up highly regulated as well

also, who knows how long itll take for the metaverse to overtake IRL

i doubt it'll be that soon tbh
Read 6 tweets
5 Oct

deposit 1m DAI
take out 500k alUSD
convert alUSD to USD and cash out
buy house for 500k that pays itself off

risks: SC risks of alchemix and yearn

worst case: 1m blows up on chain, but you still have the house

best case: nothing blows up, free house in ~10 years
additionally, you can even go another step further and use the house to secure a HELOC with low rates and then bring back the USD to stables and earn the spread, accelerating the process and reducing the payback period

if it was me, i would do this extra step with cefi
lets say you get a shitty HELOC that can only draw down 50% and charges you 4%

you'd have:
500k home equity (with rental yield if not own use)
1M (principal) in alchemix @ 5%
250k (heloc loan) in cefi @ 8%
- 500k in alchemix @ 0%
- 250k (heloc loan) @ 4%

vs 1M DAI before this
Read 8 tweets
5 Oct
if true, what are the market implications?
who would be the winners?
wallets, bridges, aggregators, multi chain projects?
and the losers?
ancient SoV PoW chains? chain specific projects?
will they all win at the same time? or in phases?
the correct answer is 100% stables yielding single digits APY
in a multichain multi layer future with defi, nfts, stablecoins and competing SoVs in the form of various native tokens and security-like tokens, wtf is the value proposition of LTC or BCH
Read 4 tweets
4 Oct
DeFi Bear Market progress

Month 14 / 36
▓▓▓▓▓▓░░░░░░░░░ 39%
u wldnt blv it
maybe i should call it "old eth defi"
Read 4 tweets
4 Oct
may explore this idea further one day

recently ive been intruigued about the possibility of re-tooling digital brains (eg. evernote et al) that are individual, to instead be communal / generational

generational makes more sense, 1 library, 1 maintainer

could also fork the DBs
sounds silly, but i think learning how to work a digital brain and to access old archives and make new notes might be the new and much more useful version of "learning grandma's secret recipe"

which funny enough, that recipe could also be in the archives, accessible forever
a bit of, give a man a fish vs teach a man how to fish vibes going on
Read 4 tweets

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