@DavidSacks
That's exactly what we have -- we all realize it. There are multiple tiers.
SVB successfully lobbied hard in 2018 to be excluded from systemic tier with largely R and Trump support - some Dems too.
Then they went wild. Reap what you sow, and yes it sucks.
The set who claimed punks or bought $4 ETH like me and held to wealth are 100% wealthy people. It also includes miscreants, the lucky, the arrogant, the obsessive and sometimes the brilliant, the gracious, the grinders and the empathetic. Judge cautiously.
@DavidSacks
A systemic bank was $50B and they got it changed to $250B excluding SVB who then exploded in growth with lax rules.
This was a tragic move -- the no regulation crowd did it.
Don't use banks for shadow funding, they need to be safe. This is easily fixed.
Just beautiful brilliant work by
@Reuben_Wu
. Congratulations and thank you for creating this set and the beautiful mint. Discerning curation by
@obscuradao
.
@seandsweeney
@MF_SH_Developer
They climb the specialty ladder. Will get very expensive custom offer. This just means no normal players want it.
This is going to get worse -- risk has been mispriced in Florida for a long time.
CAT losses are huge, erratic and episodic. The market has shifted dramatically.
Just checking my first
@Juice_Finance
wallet. This was only a 21% jackpot win. Shoutout to
@wasabi_protocol
for integrating these vaults. Juice + Wasabi are the core of my Gold strategy.
@CremeDeLaCrypto
Why does the Sybil problem require this solution?
Why wouldn't a 80-98% solution be enough.
In every case where centralized data exists -- it is abused and in this case could be catastrophic.
The risk/reward is incompehensible.
It's highly probable the 25 ETH Cryptopunks I put aside for each of my kids will generate more economic security, access and knowledge than the 100 ETH college degrees they are now completing.
This was a great space overlaid with NCAA final.
I’m buying my first ever
@DeGodsNFT
and
@LucaNetz
pudgy penguin because they make a tremendous positive impression. On Blur ofc !
Thank you
@FastFoodPunks
@Milkman2228
for this great charity event. I'll hold these until we can do something great with them again. Love my cryptopunks, but rather rock my FFP with pride. TY.
@loomdart
and
@CryptoCobain
for the giving spirit.
Can't care enough to discern what
@farokh
investments or shills or promos or disclosures happen or don't. It is not worth any time.
I do believe following Farokh is negative EV for NFTs. Mute him and win.
Alpha never resides in the mass mediocrity, it is always so.
@BillAckman
@SVB_Financial
@jpmorgan
@Citi
Trump and republicans greatly loosened reporting and requirements for non "systemic" banks in 2018.
Our banking system isn't designed to do what Bill says here. Risk is real.
Take the bitter with the sweet now.
@AlderLaneEggs
@BillAckman
SVB = A giant stack of unhedged MBS and long duration Treasuries followed by stiff shots of Venture debt is lunacy. They juiced prior returns with this and created catastrophic risk.
💥🪐 Let’s go! 🪐💥
To close out Onchain Summer, we’re proud to release Base Wars:
Three special Finis locked in intergalactic combat that respond to your activity on
@buildonbase
🟡
→ 7 days only
→ 0.005 each
→ rarity and special features 💫
Mint:
@cobie
@blknoiz06
Raoul was live on Bankless during the early Luna collapse looking shocked, said he just interviewed Do and then real vision never published this interview. Cannot imagine what he said.
@wanyeburkett
totally get it but this deal is obv lost (I own SMB local businesses for 20+ years) .. their guilt is likely to == referrals " she really helped us"
Two most unexpected NFT thrills this month were minting Meridien
#70
by
@mattdesl
and finding debut stealth drop from
@pepe__xyz
snapped
#3
. Thank you for the creative work.
@adamscochran
Adam, WTF, this 2003 bank failure isn't comparable in any way. It was acquired.
We have no idea what this steaming pile of venture debt and unhedged treasuries is worth yet.
You should choose how to license your own work and I'm not owed anything. The more choices people make and have the better for all. Universal CCO would turn small artists into creative farms for large distributor monetization.
The best piece of NFT art commentary ever is by
@mitchellfchan
Reveals both his high cultural intellect and artistic soul.
I'm slightly more forgiving to
@larvalabs
who were flogged by those they made wealthy. From Beanie to
@punk4156
they took hits.
@Scaramucci
There will be no domino... quite limited.
in fact may help fed get assets down and properly reprice risk.
Fed will announce infinite Repo windows for others.
@dmitricherniak
Do you think Nick Kuder's work should be for sale at Sotheby's or elsewhere?
@Sothebys
@iamDCinvestor
Let's get some clarity here for everyone. DC, please help us here. What if any artist involved?
I learned late last night that another artist pressured
@Sothebys
to pull my piece from their Natively Digital auction.
Disappointment doesn't fully capture how I feel right now. I began Rings Genesis as a personal project and started sharing it on Instagram in February of 2019.
When the Chair of the SEC says a space is "rife with fraud", bad actors and hucksters....when he says lending activities are happening by non banks....when he says their regulatory powers are immense...
When he says there will be enforcement actions and people will get hurt. 1/
@Codie_Sanchez
Oh please, that's only on profits and your personal and corp taxes would not be redundant like that and start much higher
Depreciation every year + bonus = spend $2M+ with full depreciation + carry forward losses so gimme a break about its too hard.
Weak sauce.
@DavidAstinWalsh
Guess it's good we have things like the Fair Housing Law or the economically not powerful would be REKT even more by all manner of discriminations.
@trilldeceased
@thesithlord66
@depression2019
Fun is getting a note from the Chef des Caves of Dom Perignon asking if you were the American who drank up the last Magnums of 71 and 73 at the George V last month.
Yes, yes I was, but I had help.
Miss me on 2012 Dom Perignon please. Weak acid, midpalate collpase and thin. Quite disappointing for this vintage. Tasted multiple bottles and sources this week. 08 is elite and still available.
Why did OpenSea buy a KYC ready wallet company in January? Obviously to prepare for regulation and compete with Coinbase which is fully KYC compliant. A16z key investor in both, anon. It's obvious.
@FastFoodPunks
FFP under 5 ETH is FUD. This is the CT peoples meme. A must own. Thank you for raising so much cash with
@Milkman2228
Buying is easy when you have money, doing the work you guys did is hard.
@tradingview
It's horrible visually and inscrutable. Looks like a small fragment of the Rosetta Stone. If you have to write 3 paragraphs to explain - it's a consultant, marketing group fail -- who did this?
This went too cheap. Honorary
@CryptoCobain
We are all Cobie. 100% of the net proceeds will be donated to charity. 50% to mine, the other 50% to a legitimate tax deductible (for me) charity you designate. I keep 0. Let's keep giving.
@Milkman2228
@BowTiedBroke
The greatest risk is the person doing something endangering all the assets they own.
Automobiles creating most of the risk. Paper over everything personal with 20M and up umbrellas.
Wall Street's doom loop of digital talent impoverishment is just beginning. Creative edgy talent has never been less interested in working there while boring traditional minds have never been more attracted.
#DEFI
Middle aged Attorneys and Doctors often are chronically unhappy with their low compensation versus education, skills and effort required.
They see business guys make huge sums discounting their lifetime skills.
They enter business to be REKT often including bankruptcy.
The Art Blocks grab is glorious and deserved. Market so inefficient many incredible brilliant projects in plain sight. SALT V4 my favorite. Hint: the images move every day so any one = the whole set. Tiny project, artists brilliant. I own. Love it.
@dingalingts
@LooksRareNFT
It's no fun making the skemfluencers rich on $LOOKS. The token launch actually worked against Looks by design. Too many secrets and bad apples with the good people.
Other wise-- would have been multiples of current volume.
$OS token inevitable .....
But
@Blast_L2
will run out of incentives, but native Yield means nothing, but innovative mechanics mean nothing, but...
Old VC extractive farming is DEAD.
You think they built all this infra to turn it off at TGE?
Please.
On March 27th, I had 9.29 Blast Gold
Today, I have over 10,900 Blast Gold
7,789 Gold is from
@pacmoon_
airdrop.
Cost: $0
Blessed to be a Pacmoon Creator ✨
Why do I own more than 2.5% of the Juice in circulation? Simple -- it is the largest TVL with most user options on
@Blast_L2
and they have not changed the rules like some others. I'm buying and selling leverage on
@wasabi_protocol
everyday.
@MeatTC_
Great comment and true.
The bigger issues in crypto are outrageous insider dealing, hidden scams, lies, self dealing and tons of fraud. idk disclosures solve that.
This is your summer. ETH ranging 2000 - 2950 until September. Will require some energy to violate range, lower far more likely than higher. Algos, prop traders will chop up victims. September will start the real fun.
HUGE thank you to everyone that supported our Honorary Fast Food Punks Auction for charity! 🙏
WE WERE ABLE TO RAISE $576,704.32 🙌
100% of the proceeds are going to the Ronald McDonald Foundation ♥️
Check out the collection here:
@sama
You are smart man. The mere existence of such a database presents unimaginable existential risks at many future unknowable points..... with negligible upside. Literally a Pan-Optical-Con.