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Sep 8 • 16 tweets • 3 min read
Years ago, I used to work long corporate hours. Left work late, burnouts too.
Then I quit.
I sometimes think of my colleagues still there today. Here’s what I did different. A thread 🧵 2/ I bet on myself.
I always had an appetite for risk. Leaving a “stable job and life” for the unknown felt liberating.
Looking back, that old life was more like prison.
Aug 14 • 11 tweets • 5 min read
🚨 WTF is going on with WBTC?
BitGo, the custodian of this $9.4 bil mcap token, shocked the DeFi ecosystem. They plan to move the BTC backing to multiple jurisdictions.
All good until you read Justin Sun is a strategic partner in this move.
Time for a thread (1/10) 🧵 2/ Here's the latest timeline:
9 Aug - BitGo announces move of assets to Bit Global, a Hong Kong entity. This joint venture will make BitGo a minority shareholder
10 Aug - MakerDAO (DAI creators) discuss off-boarding WBTC from their app
13 Aug - Coinbase announced cbBTC
Aug 8 • 16 tweets • 6 min read
There are four narratives making waves in crypto right now:
1️⃣ Ethereum is dying
2⃣ Bitcoin FOMO by institutions
3⃣ XRP settled with the SEC
4⃣ Blast chain turned into a slow rug
Let's dissect them one by one. An XL thread (1/16) 🧵
2/ When both Bitcoin and Solana outperform Ethereum, you got to ask yourself some serious questions.
ETH maxis and devs are already throwing the towel. What is going on here?
I may have an answer to this puzzling conundrum with tweet #15 about to shock you. Next.
Aug 5 • 6 tweets • 2 min read
🚨 WTF is going on?
Japan's Nikkei just had the largest crash in history, Bitcoin went under 50k, and the US FED will hold an emergency meeting today.
TLDR: Leverage. A tiny thread (1/6) 🧵 2/ Five days ago, the Bank of Japan (BoJ) increased interest rates from 0% to 0.25%. This early increase surprised the market.
Before this, anyone could borrow Yen at no interest, change them to USD, and buy stocks. Free money basically.
But there was a problem.
Aug 3 • 5 tweets • 2 min read
You just bought more Solana expecting it to reach $1,000.
Meanwhile, VCs are laughing at you as they print millions of new tokens from thin air.
In total, 60 mil SOL since August 2023 or 15% inflation per year. You're lucky if SOL breaks over $200 again. A tiny thread (1/4) 🧵 2/ I know Solana delivered a 25x since it was $8 at the peak of the last bear market.
It did well, I agree. But don't fool yourself to think it can do that again. Why?
Its circulating supply was 301 mil at $260 in Oct 2021 (ATH). Three years later it added 161 mil new tokens!
Jul 20 • 19 tweets • 6 min read
BREAKING: You don't have an exit plan, do you?
The market pumps, Trump gets elected, you're looking at Lambos, but there's one thing missing.
You didn't sell. Here's how to do it with conviction!
A long-ass thread (1/19) 🧵 2/ There are five actions you must take to win at this game:
1⃣ Have an exit plan.
If you don't, you will miss your exit window and end up like the guy in the picture.
Lets explore that next and hit a follow @du09btc to never miss out.
Apr 9 • 11 tweets • 4 min read
🚨 There is a hidden war on Solana between big players.
Users have no clue, but the consequence of that are endless failed transactions!
There is only so much space available and the ones with the bigger guns win.
Here's what they don't tell you. A thread (1/10). 🧵 2/ Big players on Solana are at war. How?
They DDOS each other for block space priority.
The victims of this war are Solana users. You can't get your transaction confirmed because big players take up all that space for themselves to come on top.
Here's how they wage war. 👇
Apr 2 • 21 tweets • 8 min read
🧵 Issuing $100 mil DAI to farm USDe is one thing, issuing billions is asking to get hurt.
Why does MakerDAO plan to risk it and mint $1 bil DAI to farm Ethena yields?
Can DAI depeg when USDe inevitably falls under $1?
A bold move or something else? A thread (1/20). 👇
2/ This post was inspired by AAVE Chan founder @lemiscate who raised the alarm.
TLRD: He's right. MakerDAO actions are reckless and fueled by greed.
But if you take a closer look at the risks for DAI, a new image emerges. 👇