there’s seems to be assumption that DATs will create some net marginal bid for ALL of crypto (and maybe to some extent true) But if anything they will hyper concentrate flows to a few assets, not all DATs are going to get bid Position accordingly

it’s also why Axiom did so well - calm, not as busy as other onchain trading terminals, color likely draws focus to coins/chart - default to 1s view for coins, where price action feels most stimulating visually —> gets users to buy and sell more frequently - (all terminals) but trending tabs / quick buys / pulse allows a quick look at the firehose of new markets, makes firing bets as easy as pulling the slots machine over and over - wallet trackers adds parasocial element / almost like tailing bets at the craps table - one click to jeet an entire position or portfolio similarly know a lot of onchain traders that are great at long term conviction holding and completely incinerate PNL once they get on axiom bc it’s so oriented to short timeframes

disclaimer: don't have a bag here, don't agree with the way launchcoin has handled things, probably don't even think it's the right form for ICM BUT the replies to this thread do show something that isn't nearly well talked about outside of certain folks (doing God's work): the lack of legal awareness yes we have been hit with a wave of deregulation, BUT that doesn't mean you can just do everything and get away with it the look back period for certain behaviors is often longer than the current presidency/terms of congress and some things that CT want people to do just aren't possible on compressed time horizons because they require careful, careful planning for things that may happen years from now, not on the 1D chart it also goes double for founders; a lot of founders enter the space thinking they can sort of just do whatever, and get hit with (hopefully) a reality check by counsel that the way you handle i.e. new mechanism implementation, the structuring etc. DO matter and matter a lot longer than most people's time horizons it's not a matter of *sucking* at legal, but that things take time, getting good lawyers around you takes time, figuring out the risk profile you're willing to take TAKES TIME (and unfortunately, can't always require full transparency) it's always better to think of this stuff DAY 1, else you get stuff like hastily set up foundations, delayed product releases/issuances, and even things that cross the line none of this is an excuse for stringing on the community and going silent due to poor preparation (what happened here), but the reality is operating time horizons often do not equal trading time horizons (its also sort of why a lot of @a1lon9's answers on @notthreadguy's stream were vague, there are things you just cannot talk about from a financial reg standpoint publicly) anyways, again see the disclaimer, but its worth a shout

ai x crypto is a cross cyclical phenomenon that we're barely in the first inning for onchain appetite for these coins is just an inkling of the interest so that begs the question: where's the attention been past 6mo? where are we going? new piece tomorrow dropping on this

sitting in a coin that the dev abandoned? yeah its called $pump

There’s a pretty emerging canon of literature on interplay between {digitalization, AI, crypto, geopolitics/macro, anthropology} and how it translates to actionable theses. Going to keep a running list in this thread; I think *all of these* are very important to read:

“do you know ema20” no, but i know degeneracy . i know bullishness. i know conviction. i know how to see the world in a thesis with no backing, and heaven in the possibilities of my return. i know how to hold Infinite price targets in the eye of my mind, and get liquidated in an hour.

Have you heard of rehypothecation my friend

Gate filling but Bybit now is why @redbullracing is sponsored by gate now

I love how people come to me and are like “oh rituals so quiet” “oh are you guys still working on stuff” And then we drop stuff like privacy-preserving LLMs w feasible inference times (with an acceptance to ICML) and continue to put out serious AI research and it’s quiet