6𝟗 𝐃r𝐞a𝐦s & D𝐞l𝐮s𝐢o𝐧s f𝐨r 2𝟎2𝟒

from the dark place under your feet...

On substack:

Or expand the 🧵👇 open.substack.com/pub/redphone/p…
🅿🆁🅾🅻🅾🅶🆄🅴

Though I walk through the valley of the shadow of death, I will fear no evil: for the machines are within me

and I am within them

Braindump on twitscriptions

1. What are they? Someone took the concept of BRC20s (that is giving anyone the ability to deploy a token on bitcoin) and applied it to Twitter.

Simply tweet the creation of a token w a lil json and VOILA! you've birthed a token into the world. 2. Then, anyone can come along and mint your new token by tweeting a “mint” tweet like I did earlier today (see below).

After that, all any tokenholder has to do to transfer their tokens is tweet a lil "transfer" json, too. Easy peasy, lemon squeezy.

https://x.com/redphonecrypto/status/1740074049144061978?s=20

A fren just asked me about the preparatory steps I'd take for upcoming bull market... Here's what I said:

Preparations for me are really honing in on my mistakes in the last cycle and avoiding them.

7 things I did wrong: 🧵👇 1. Took on too much so I couldn't focus enough on trading/have the headspace to make good decisions or sense tremors or narrative shifts in the market

Today = 1 month since I joined @friendtech

30 days of madness + euphoria. Can honestly say I've only gotten more + more bullish on FT...

in fact, I feel like a literal bull at the rodeo w the rope tied bw my leggos & the gate's about to swing open 🧵👇 1. First, the bad. There are elements to FT that are pretty gross... examples: paying to access a person and their thoughts, giving a market cap to a human, feeling like you're shilling/pimping yourself, gating your content, feeling beholden to strangers, etc., etc.

Sewer rats are squirming, crawling through the gutters w little pink noses snuffling about for any scrap of hope. Here it is: 3 catalysts for the next bull run in crypto:

1. Liquidity gush
2. Pink swan app
3. Rubberstamp cycle

tldr on each... 🧵👇 1️⃣ Liquidity gush.

Probably triggered by a financial calamity that impacts everyone (except the upper middles and those rich folks north of Richmond), the printing presses shall hum back to life

And liquidity will gush back into the markets

1/ DeFi was never the end game... it merely enables the end game

Breakout apps like rollbit, friendtech, tgbots, etc., are proof crypto is exiting the infra/build-out/DeFi phase to enter the "app" phase 🧵 2/ These apps are delivering truly unique experiences that are only possible with crypto on the backend

And that changes the playing field forever

Braindump on FrndTeK (spelled wrong bc I imagine the bird algo hates the siteeeeee).

First, tldr on what it is: It's a group chat w your favorite influencer + some hyper-addictive financialization 💉 baked in 🧵👇 tldr part 2:

1️⃣ Influencer sets up account
2️⃣ Anyone can buy "shares" in that account to DM w said influencer
3️⃣ DMs are a group chat with a twist: you can only see the messages the influencer posts

(meanwhile the influencer can see messages from anyone including you!)

1/ Random 🤡 thoughts on the explosion in telegram bots (+ tokens)

No. 1:

Feels like a new trading “primitive” that could end up everywhere (ie not just crypto but gambling, stocks, options, etc… why not be able to execute a stock buy at the end of a killer tweet thread?) 🧵👇 2/ Why does it feel like a new primitive? Because trading via bots looks nothing like typical trading interfaces

No need for charts, order amounts, pairs/routes, etc.

1/ It takes just 4 words to create an ordinal/inscription and upload it onto #bitcoin 4eva:

ord wallet inscribe FILE

I've been thinking about that a lot... how radical simplicity and structure can spur radical adoption 🧵👇 2/ It "seems" like it should be the opposite...

"Give people the freedom to do whatever the hell they want, and they'll flock to us!"

But that freedom comes w lots of tradeoffs (mostly in the form of complexity, centralized siloes + disorder)

1/ Many hoomans think $ETH will hit $10k someday, but how many are willing to put their monies where their mouths are?

A new protocol that just launched its bootstrap phase is going to find out 🧵👇 2/ First, I’m an early backer so DYOR.

Second, the protocol’s called @EXIT10_ETH, and the concept is simple…

Stock and forex traders don’t pretend they’re “changing the world.” Why do crypto bros think they are?

Our religiosity turns off normies, makes us look like tools

But I’d argue anyone who doesn’t have similar feelings about crypto doesn’t truly get it yet… 🧵👇 2/ Many talk of a “light bulb” moment when they discover crypto…

There’s a sense of enlightenment or awakening we dub “entering the rabbit hole”

This solitary journey happens bc crypto is doing far more than “improving financial infrastructure”

Rather, crypto’s a movement

🤡 thoughts on the SEC vs. Coinbase

1. The SEC looks outdated AF... like horse breeders in the age of the Model T.

2. The SEC rarely ever protects the plebs. It protects the powers that be (banks, tradfi and, most importantly, itself)... 🧵👇 3. We're witnessing the SEC's fight for relevance in a changing world.

🤡 thoughts on Binance vs. SEC

1. From trough to peak, $BNB did a 17,000x ($0.039 to $686). Just an absolutely epic 4-year stretch (2017 to 2021).

2. If I had to pick a flag signaling the beginning of the end of the crypto bear, this would be it.

🧵👇 Prob *down only* a bit longer, but there's just not many horsemen left for the wolves. Of course, a tradfi nuke could decimate us, but signs of seller exhaustion (and crypto exhaustion in general) show up anywhere you look.

1/ Have been hitting grad parties this time of year... and here are a few things I wish someone told me when I was 18:

1️⃣ GTFO of your hometown for at least a year...

🧵👇 2/ There is no greater freedom than going somewhere where no one knows or has any preconceived ideas about who or what you are.

1/ BRC-20s will forever remind me of two things:

1) Experimentation trumps logic
2) F your little ego, redphone

A short tale on the origins of BRC-20 and how they've changed what I thought I knew about crypto 🧵👇 2/ Before sending the tweet below -- basically proposing the concept of BRC-20s (which @domodata valiantly took up) -- I almost deleted it

I felt the idea was too naïve + utopian to work... so much so that I was actually embarrassed to propose it

https://twitter.com/redphonecrypto/status/1632481591069929478?s=20

1/ Despite general bearishness, the next cycle will probably be the most explosive yet for crypto...

A few thoughts on why 🧵 2/ To date, most of crypto has been proofs of concept.

The only successful and sustainable use cases to come out of crypto are around decentralized trading and lending/borrowing.

Deciding you want to innovate in crypto is deciding you're ok cutting out some of your entrails with a rusty saw 🪚

CZ launched Binance in 2017... took it from 0 to the world's largest exchange in 180 days

It was like crypto catapulted a decade into the future... 1/6 2/ Why build something like that when you know you're going tread through the shadowlands and ultimately be hunted?

I don't think "making money" is the final answer

Part of it, yeah, but there are plenty of other ways to do that

Nothing says as much as about the ordinals community as some of its early NFTs. This was #481

More 🔻🧵

ordinalswallet.com/inscription/5d… #1 - A cryptodickbutt with crisp, thick lines

For the record, I haven't been talking ords bc I think it's some hot new jerkoff spot for speculators to get rich

it is (& I've bought lotsa ords)

but I don't give AF about prices rn. I'm not sure anyone who got into crypto after the rise of $ETH can truly comprehend... 🧵👇

https://twitter.com/redphonecrypto/status/1631766403429683201

...how powerful this moment is

everything you felt when you discovered Ethereum

(or Solana or NFTs or whatever it is that brought you into the space)

is exactly what early bitcoiners felt when they discovered #bitcoin

I am convinced, gud sers, increasingly convinced, that the first 10k ordinals (I ((and many others)) prefer to call them artefacts) may become

the most sought-after digital items humankind has ever wrought

Pleas let me enumerate thy reasons why: 🧵👇 1) First, you must accept that virtually everything will be an NFT one day. We shall be awash in them.

There won't be millions or billions -- but an astonishingly unfathomable quadrillion-esque amount.

69 crypto theses/thoughts for 2023...

from the dark place under your feet

redphone.substack.com/p/69-theses-fo… A prologue