Cooki's Corner
/cookicorner19
A safe space for Cooki to rant and rave
I see folks falling for it too kek
One of the few places I think a deeper philosophical education/discussion would help
https://twitter.com/burkov/status/1870221545039376571
One of the few places I think a deeper philosophical education/discussion would help
https://twitter.com/burkov/status/1870221545039376571
ETH daily candle is green lol
frens don't let frens use leverage
frens don't let frens use leverage
On a day of red the Fuel gods provide
use new chains/apps frens, it almost always pays
use new chains/apps frens, it almost always pays
we're in the over-leveraging stage now, the seeds for the +50% drawdown are getting sown all around us
looping this, basis trade that, just sounds like a lot of fancy words for mis-priced tail risk imo
looping this, basis trade that, just sounds like a lot of fancy words for mis-priced tail risk imo
Cute of you to think your addresses weren’t already linked by several independent agencies
Look, I respect the hustle, but can we stop with the "mint a colour" NFT collections, I'm still holding shit from '21 with that gimmick
Minted my $SOCIAL Passport
idk what this is but i saw others doing it lol
idk what this is but i saw others doing it lol
Solana trading like CT has found a newer and shinier alt L1 to gamble with
this is why the tech can't be a moat, as soon as you get big you lose the ability to move fast and break things to the degree necessary to compete with the upstarts chomping at your heels
the network effects of culture, liquidity, token distribution, and dev tooling, etc. can be moats
this is why the tech can't be a moat, as soon as you get big you lose the ability to move fast and break things to the degree necessary to compete with the upstarts chomping at your heels
the network effects of culture, liquidity, token distribution, and dev tooling, etc. can be moats
I would have muted me by now 😅
Unapologetically fight for yourself, no one else will
The crypto space is in a kinda weird spot now, 'cos most people in the industry know Bitcoin is kinda fucked long term (or at least is gonna have to change significantly down the line), but everyone outside the space and joining is super bullish on it lol
are we setting up a multi-trillion dollar rugpull on tradfi? is so, omg I'm so here for it
are we setting up a multi-trillion dollar rugpull on tradfi? is so, omg I'm so here for it
100k is the new 20k
the most absurd timeline I can envisage atm:
- We end up onboarding nation states and pension funds to the Bitcoin ETFs
- Boomers happy with their "digital gold"
- Quantum computers break crypto-graphic assumptions of SHA256
- Satoshi and ETF coins start moving when they shouldn't
- Panic
- Every crypto coin down 90% in days
- Governments bail out ETF issuers with their money printers
- The economically viable non-ossified blockchains slowly rise from the ashes
- Bitcoin is Luna 2.0
Tell me that wouldn't be "max pain" for everyone
- We end up onboarding nation states and pension funds to the Bitcoin ETFs
- Boomers happy with their "digital gold"
- Quantum computers break crypto-graphic assumptions of SHA256
- Satoshi and ETF coins start moving when they shouldn't
- Panic
- Every crypto coin down 90% in days
- Governments bail out ETF issuers with their money printers
- The economically viable non-ossified blockchains slowly rise from the ashes
- Bitcoin is Luna 2.0
Tell me that wouldn't be "max pain" for everyone
While I don't like Solana very much I think this is silly. Pump dot fun is basically the only unique-ish Solana app to hit real pmf. Yes they have other stuff going on but it's either not unique (defi), or lacks traction (depin).
To argue that it's "parasitic" is, as I say below, confused and needlessly zero-sum. Of course it would be better for Solana if they didn't mercilessly dump their earnings but they're operating under their own incentives, and their presence on the chain makes the whole ecosystem significantly more valuable than the counter-factual where they're somewhere else.
Stop with the zero-sum, parasitic, mindset.
https://twitter.com/ReshapeTech/status/1866529813734809688
To argue that it's "parasitic" is, as I say below, confused and needlessly zero-sum. Of course it would be better for Solana if they didn't mercilessly dump their earnings but they're operating under their own incentives, and their presence on the chain makes the whole ecosystem significantly more valuable than the counter-factual where they're somewhere else.
Stop with the zero-sum, parasitic, mindset.
https://twitter.com/ReshapeTech/status/1866529813734809688
every CT midwit worried about the block subsidy decrease over 100 years while the quantum gigabrains just break the underlying mathematics in the next decade 😂
Decentralised blockchains seem to hit a cultural inflection point after roughly nine years
Bitcoin 2017 - Blocksize war
Ethereum 2024 - North Star confusion
Solana 2029 - ???
The transition from a small echo/mono-culture to a larger community of diverging values and visions necessitates some friction along the way. Not everyone's vision can be realised simultaneously, and it's important that there are winners and loser so that the winners can double-down, while the losers either change their mind or leave.
For Bitcoin this was the rejection of Bitcoin as a useful currency, as a money, and instead an embrace of it as a tradfi memecoin SoV
For Ethereum this seems to a conflict between L1 scaling and L2 scaling being the centre of focus, and I personally hope the L1 side wins out here
For Solana it's far too early to know but If I had to guess it'll revolve around either actually getting serious about decentralisation
Bitcoin 2017 - Blocksize war
Ethereum 2024 - North Star confusion
Solana 2029 - ???
The transition from a small echo/mono-culture to a larger community of diverging values and visions necessitates some friction along the way. Not everyone's vision can be realised simultaneously, and it's important that there are winners and loser so that the winners can double-down, while the losers either change their mind or leave.
For Bitcoin this was the rejection of Bitcoin as a useful currency, as a money, and instead an embrace of it as a tradfi memecoin SoV
For Ethereum this seems to a conflict between L1 scaling and L2 scaling being the centre of focus, and I personally hope the L1 side wins out here
For Solana it's far too early to know but If I had to guess it'll revolve around either actually getting serious about decentralisation
The risk of an Ethena implosion has never been higher, particularly ‘cos no one considers it a risk any more
many of the worst performers of '21 were standouts and consensus longs in '20
do with this information what you will
do with this information what you will
Felt Larry, might FSH later
ONE HUNDRED THOUSAND PERPETUALLY INFLATING AMERICAN EMPIRE UNITS PER BITCOIN!
Bitcoin dominance dropping like it's jan '21 😈