Is speculation a feature or a bug?

Good perspectives and thinking points for future socialfi projects

#reads socialfi

https://variant.fund/articles/friendtech-speculation-growth-strategy-for-crypto-social-consumer-apps/

[WATCH]

you will never have enough btc

this video lays out the possible plan of Blackrock after the approval of ETFs

next is likely to be the ESG narrative before integration in the financial system (lending/borrowing)

timeline for the entire plan likely to be around 25-30 years

tldr; buy btc and hold onto it as hard as you can

don’t get shaken out !!!!!!

also, the fact that you’re here (hopefully you own some btc) puts you ahead of millions of others already

don’t get shaken out and you’ll thank yourself in a few years 🤝🏼

https://twitter.com/cryptoparadyme/status/1698108030444081602?s=21&t=xnlS7p3u8xWHePD4rV75Rw

tweet has been deleted alr but just wanted to highlight the screenshot preview about unibot’s team rugging in the past

https://twitter.com/quamfywhale/status/1698236605776142718

was expecting this to happen sooner tbh

people start sharing or selling your alpha that you’re providing to your key holders

idt this can really be stopped -> dilution of key value over time

why pay for your key when i can get the alpha cheaper through mirror accounts?

only way around this is to provide individualised perks to holders such as whitelist slots, merch, or maybe a picture as a proof of membership (i’m basically describing NFTs projects here)

tldr; if you look to *only* provide alpha for your key holders, then your upside is capped on top of the b-curve

edit: not much of an issue for smaller influencooors, only the big ones when key price crosses a certain level

dilution can take place at scale when mirrors mirror other mirrorers etc etc.

if mirror’s key price becomes too high, i’ll join another mirror

when a mirror decides to gate with alternatives to keys then they’ll scale harder (but rn they want airdrops too so it’ll be keys for awhile)

link

regarding the whole bananagun vs. unibot situation

think its more of a short term gains situation where people flock to farm the new airdrop (bananagun) coupled with some influencers shilling banana while fudding unibot

in the long run unibot should still be here to stay, but they'll have to fight to retain their current spot

re: unibot team being serial ruggers

let's assume it is true

if the team really wanted to rug they could've done it on multiple previous occasions but they chose to run it properly, arguably because running it proper will earn them much more than just a quick cash grab

rugging at this size also poses huge problems w cashing out as on-chain sleuths like zachxbt will be able to track them down pretty easily

why opt for illegal money when you can earn an honest living?

additionally, they've been shipping non stop over the past months and we've seen what they're capable of

unibot's metrics don't lie as well as we've discussed before -> link

historically speaking, most teams have also failed multiple times before coming up with a project that finally takes off (although one might argue failing =/= rugging)

however, the one argument ill agree with is if we talk about the moral issues with the team and their previous rugs

btw i don't own any unibot and given the current situation i'd like to look for lower to get in to reduce my risks. the 5/5 tax is kinda off putting to me and a mental barrier in buying in. maybe $40?

“Tweet-level data from a social media platform reveals low average accuracy and high dispersion in the quality of advice by financial influencers, or “finfluencers”: 28% of finfluencers are skilled, generating 2.6% monthly abnormal returns, 16% are unskilled, and 56% have negative skill (“antiskill”) generating -2.3% monthly abnormal returns.”

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https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4428232

goodbye and thank you degenspartan 🫡

he has freed himself from the chains

must've been liberating

https://twitter.com/knveth/status/1698290264190992532?s=20