Being in crypto means periodically coming to the conclusion that 99% of things are going to fucking zero even projects you were ultra bullish on just a few months ago Kinda sad tbh

Arsenal is winning the league next season idc

The crux of the issue is the fact that there was no vetting by the team to ensure alignment with private round investors. One way to do this is vesting, but this leads to low float high FDV which has its downsides as has been well documented. I agreed with the approach to not have vesting, but not ensuring private round participants are onboard the long term vision of pump (whatever that is) and thus have a long-term investment horizon where they aren't going to dump on retail in the first days post TGE is the problem. Reflects very poorly on the pump team and is particularly strange given the private round was oversubscribed.

Sell orders on $ETH have fallen significantly at $3850, and a slight decline at $4k. Think we retest $ETH ATHs at $4.8k before EOM with treasury vehicles as marginal buyers. Big liquidation event in August then run it back for the final phase of the bull run in Q4.

Many in the Bittensor ecosystem emphasise the similarities with $BTC, but few point out the main difference - The investment thesis behind Bitcoin is memetics. The understanding that fiat currencies are not inherently valuable. Because central banks and governments continuously devalue their currencies, a decentralised non-government linked money is necessary and valuable, and society is gradually shifting towards this new paradigm. Bitcoin however does not generate any cashflow and it never will. Bittensor on the other hand aims to build a network of value-additive businesses (subnets) that provide products and services to users and thus create real-world utility (inference, compute, model training, synthetic data creation, data analysis, etc...) If Bittensor is successful - of course it is still a high-risk early-stage bet much like $BTC in its infancy - the value of the network will be magnitudes larger than today's crypto economy given the ability for anyone to plug into the network, make use of its incentives, and provide and create value for end users. Imo the ecosystem should now be focusing on: a) Building PMF in the digital commodities produced to begin generating cashflow - many are already doing this including @rayon_labs @manifoldlabs @celiumcompute b) Communicating with non-Bittensor natives about the value prop of the ecosystem and growing the pie. Not enough is being done on this end and it is crucial for the success of the network that we attract more capital, talent, and attention to expand the Bittensor economy. Many participants are aware of this issue and are working on initiatives to address it. Still very early days but $TAO continues to be one of the most asymmetric opportunities in crypto on a multi-year horizon given the above.

How much will HL traders lose from here to the end of the year? Small but non zero chance we get to $100m in cumulative losses. Hyperliquid.

all of you retards are midcurving the entire tao thesis: - bitcoin for ai - 21 million coins, halving in < 6 months - secular enthusiasm for ai - rank #38 - 128 ai shots on goal (subnetworks) up 30% this week but i'll write some smart sounding research to help you justify the position to LPs. FINE!

This exemplifies very clearly @Innerdevcrypto 's message and why inner development and learning to be content with whatever is and being present is the only way to truly be happy, whatever that means

The logical thing would be for future buybacks to be front ran now that they have been confirmed (and being deployed retroactively) $10bn minimum

“There are no buybacks” “Max extraction” Ok ty 👍