MicroStrateegy acquired approximately 51,780 bitcoins for approximately $4.6 billion in cash.

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Memes definitely feel a little euphoric, overextended, dispersed. Good to have cash to buy any corrections. I don't believe meme cycle has topped yet but I think we're in a good spot to be shoring up cash to buy leverage wipes

flight to quality during and post correction

a result of dispersion when you have restarted memes with no reason to be sitting at current high valuations

BTC saw a large seller that is unrewarded this morning.

Expect this to keep chopping higher.

Something to note, in these conditions buying continuation breakouts is +EV

Hello all friend. Today I'm retirement from web3 crypto. I sell all my token. I'm now not hold any token. Crypto much confusion. Give me much headache. I'm now focus only on engineer knowledge. Study school.

Good bye crypto world. Im much appreciation all crypto friend. Thank.

am i the only one that thinks goat will eventually lose its spot as the leader if it doesn't innovate or ship or get listed soon

When tech is involved, the tech matters.

this is a line that i had strong emphasis on when i wrote my previous thought piece

won't be as simple as leaders stay leading like trad memes because they don't trade the same

rest on your laurels and the next best agent will happily take your spot

hungry devs are shipping at insane speeds like jeff and shaw, and it can be seen in the pa of their agents as well

meanwhile goat has remained mostly the same while TT spews weird content that i don't find entertaining or humorous

i feel that this take is also reflected in goat's current weak pa

"while the landscape is forgiving now, i doubt it'll be when the race intensifies"

i think we'll see it play out in real time soon

"As the dilution of AI memes increases, it’s a race toward utility to justify why your project deserves its valuation. It is simply not enough to just scream “/TO_THE_MOON” in the Telegram chats anymore."

despite ai16z trading at ridiculous valuations, we see how by having a "utility" flywheel helps it to propel upwards at insane speeds because people just pile in despite how irrational things are

"100x NAV? but no dips!"
*top blasts*

imo the ponzi continues ponzi-ing until the forks get too ridiculous

when you fork something too many times without innovation it loses its shine and demand ceases

when demand ceases, who is gonna continue forking to sustain the flywheel?

no point calling tops because the market can remain irrational longer than you think

i do think ai16z can still go higher ofc

okay listen im not bearish but im just doing some thinking

when you let people launch agents with no code aka no experience, then whats the value of your newly launched agent

probably zero because anyone else can do the same

pumpfun creations can actually get cto-ed and run to millies purely due to memetic value and zero tech

creating an agent with no code puts everyone at the same starting line with no differentiation in tech and that only increases disparity between proper agents and newer grifty ones: https://news.1rj.ru/str/cryptomumbles/10990

folks can launch agents, but can't develop them -> zero eventually

> i need to burn vvaifu to access and launch

okay why would i want to pay to rug when i can rug on pumpfun for free while also requiring lesser effort (and vvaifu is getting more expensive as it pumps)

we know for a fact that pumpfun is thriving because of rugs, not because of proper projects being launched. the sheer volume of rugs is whats generating the fees for pumpfun

based on this fact alone i don't think vvaifu will generate the same levels of attention and hence burns in the longer run, but it will simply run on people *thinking* it will or that it currently is

these agents that are launched will usually send supply to ai16z to promote a symbiotic relationship, yes

but what will the value of those supply be? zero

so essentially tons of useless supply will be sent to ai16z that does nothing except contribute another line in the fund list

how is that going to sustain valuations when its much higher? so we're really banking on memetic premium here (which can be quite insane in bull markets)