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Alex Profile picture
@thiccythot_
Apr 1 • 5 tweets • 4 min read Twitter logo Read on Twitter
[warning: baseless speculation]

discussed w some peers, one plausible motive for malicious case seemed plausible

1) gainzy buys $RLB
2) gainzy learns Rollbit got a cease and desist
3) gainzy dumps $RLB upon learning news

1/🧵
@Gr1zzlyTrades noted changes to @rollbitcom's site on 3/30 that scrubs references to its advertised Curacao license and shifts around the perpetuals offering

2/🧵

If the team received a cease and desist, it would have taken a week to coordinate with legal counsel and work with the frontend team to roll out necessary changes

This lines up with the timeline of @gainzy222's dumping

3/🧵
@gainzy222 @gainzy222 has a public image of degeneracy, but is he really that down bad to need to liquidate 800k of an illiquid coin for margin?

Why hasn't he bot back the $RLB yet?

Why is he still gambling on games if he hasn't bot back the $RLB?

4/🧵

again, this is baseless speculation, but wanted to present it as an plausible explanation

curious for your thots:

@gainzy222
@Gr1zzlyTrades
@zachxbt

5/🧵

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More from @thiccythot_

Alex Profile picture
Apr 2
A 🧵 on the 🎲 game theory 🎲of airdrops and decentralization in light of the utterly embarrasing public fiasco with Arbitrum governance 🤦‍♀️

Some of you are very well aware of the meta, but I want to bring it to light for those who didn’t know
🕵️‍♀️

1/🧵 Image
90% of the💰valuation💰of crypto networks come from promises of decentralization

To maximize valuation:
The network needs to appear very active
The distribution needs to appear decentralized

networks cooperate with airdrop farmers to maximize valuation 🤝

2/🧵 Image
Arbitrum insiders and airdrop farmers need to dump their tokens efficiently so they request the services of sophisticated actors in the financial markets space

These actors use their expertise in market plumbing to match token dumpers with buyers as efficiently as possible

3/🧵 Image
Read 14 tweets
Alex Profile picture
Apr 2
There was no mention from Arbitrum that 4.2B DAO Treasury tokens would be immediately unlocked and delegated without any oversight from the community

The public facing circulating supply should immediately be revised to 5.4B tokens to reflect this reality ImageImage
@coingecko @CoinMarketCap
I’m not contesting whether it was right or wrong to unilaterally allocate to the foundation

All I ask is that whoever provides the “circulating supply” metrics to @coingecko and @CoinMarketCap APIs for future investors accurately update their public information
Read 6 tweets
Alex Profile picture
Apr 1
There's some drama on CT about an influencer @gainzy222 shilling and then dumping Rollbit ($RLB), a casino token

TLDR:
- Doesn't look malicious
- @gainzy222 realized ~1M loss
- Raises interesting points for ethical standards in our space

1/
@gainzy222 For context, check this thread by @Gr1zzlyTrades

fwiw, i think it's a bit overdramatized but twitter loves a good story :)

2/
@gainzy222 claims that he dumped his $RLB to chase $BTC price in the middle of the banking crisis since $BTC was the only thing that was moving

3/
Read 11 tweets
Alex Profile picture
Mar 15
so uh... do these just cancel each other out or something?
contrary to the baseless rumors, US gov did not hit @coinbase screens on Thursday with $1B of BTC, nor do I think they have even started
nor has @cz_binance hit screens on his $1B TWAP or ever will

Any "conversion" will just be moving $1B of $BTC, $BNB, and $ETH from @binance's treasury to the fund in exchange for its BUSD

Read 4 tweets
Alex Profile picture
Mar 3
What happens when a decentralized casino with a 5 second speedbump + last look collides with a whale with medium frequency edge?

When will the house politely tell @rewkang that he is not welcome in their casino anymore?
@Rewkang for context
@Rewkang tip for @GMX_IO :

limit single account OI and force @Rewkang to break up his funds into many accounts in order to put on positions of this size

do some historical analysis to find the max order size u can allow while still profitable

Chances are he won't go through the hassle
Read 4 tweets
Alex Profile picture
Feb 13
GCR 😡 enraged options nerds by saying the $BTC options markets were mispriced 🙅

GCR forecasts >14% chance we retest $BTC's 15k lows in 2023, making a $BTC put option purchase look juicy

Why were the geeks mad?
Is GCR right?
How should you interpret options market data?

1/🧵
Having worked on a 🔮DeFi options protocol with @alexwlezien for over a year, I know options pricing + volatility well enough to understand things but I am normie enough to be able to explain it in a way that the 👱🧑‍🦰 average person can digest (hopefully)

Let's dive in 👇

2/
Gonna start with some basics so we're all on the same page. Vol experts 🦈 can skip the next few tweets!

An option is a financial derivative that gives you the right but not the obligation to buy or sell an asset at a predetermined strike price

3/ Image
Read 33 tweets

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