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Ξthotaku 🦇🔊 Profile picture
Ξthotaku 🦇🔊
@ethotaku
Allocation 11/9: ₿ 1%, Ξ 70%, VITA 7%, KAS 7%, $PAAL 5%, NFTs 5% / 💵 0% ~120% net long Bullish: 🦇🔊 $ETH 🧬 $VITA ✨ STARK 🐯 $TIG
Aug 22, 2023 • 7 tweets • 2 min read
CRYPTO ANALYSIS: ARE WE GOING TO $12,000?

This chart mark out some key BTC levels relative to Global Net Liquidity, and what I see as the main events in crypto and macro in the past few years.

Could a bear please explain to me what is bearish on this chart? My interpretation:

(1) Exogenous event (COVID) crashed markets in March 2020, then global money printing sent everything.

(2) Investors front-ran monetary tightening in 2022. Bunch of scams collapsed along the way, sending BTC & TOTAL far lower than they'd have gone otherwise.
Mar 12, 2023 • 11 tweets • 3 min read
STABLECOIN PROBLEM

I strongly suspect think it's unsolvable in principle.

Twin facts of USG world financial system hegemony & natural disposition of states to seek monopoly on monetary emissions (including control of fiat ramps) makes "decentralized" stablecoins untenable. Image Algorithmic stables break when adoption reaches too high an MC relative to $TOTAL.

BTC & ETH are too volatile to credibly perform an SoV role. This might change, if/when the cryptosphere reached saturation, some OOMs above current $TOTAL; but now, we need a stopgap solution.
Dec 21, 2022 • 7 tweets • 3 min read
I was recently in the Netherlands.

Amongst other things, it is famous for one of the earliest asset bubbles, namely Tulip Mania. en.wikipedia.org/wiki/Tulip_man… Image Amusingly, the speculators were depicted as monkeys by contemporary satirists.

Monkeys then. Apes now. Nothing new under the Sun, is there? Image
Nov 10, 2022 • 5 tweets • 2 min read
This does make sense, though SBF vision of EA appears to have been decidedly normie/bugman, involving large donations to Democrats, not esoteric stuff like the AI risks or qualia research etc. Given this ideological tilt perhaps wrecking crypto was actually more feature than bug? Another idea: