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
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
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
X (formerly Twitter)
space Ξ on X
Decided to create a Mirror of a Mirror 🍒
Everyone who holds at least 1 FriendTech Key, will get access to the Discord Server.
Messages from high floor people --> such as:
Ansem, Rhino, hsaka, cobie etc will be forwarded.
New Sign ups --> 50k & >100k X…
Everyone who holds at least 1 FriendTech Key, will get access to the Discord Server.
Messages from high floor people --> such as:
Ansem, Rhino, hsaka, cobie etc will be forwarded.
New Sign ups --> 50k & >100k X…
Crypto Mumbles
https://twitter.com/DextMoon/status/1698414767071756549
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
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?
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?
Forwarded from Ahboyash Reads
“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.”
—————
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4428232
—————
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4428232
Ssrn
Finfluencers
<div>
The social media activity of financial influencers (“finfluencers”) can propagate and amplify <span>poor investment advice, especially if less skill
The social media activity of financial influencers (“finfluencers”) can propagate and amplify <span>poor investment advice, especially if less skill
goodbye and thank you degenspartan 🫡
he has freed himself from the chains
must've been liberating
https://twitter.com/knveth/status/1698290264190992532?s=20
he has freed himself from the chains
must've been liberating
https://twitter.com/knveth/status/1698290264190992532?s=20
X (formerly Twitter)
knv on X
NOOOOOOOO
What is the Metcalfe's law?
Metcalfe’s law states that “the value of a network is proportional to the square of the number of connected users. As the physical cost of the network grows linearly, its value grows exponentially.”
Metcalfe’s law states that “the value of a network is proportional to the square of the number of connected users. As the physical cost of the network grows linearly, its value grows exponentially.”
Medium
Metcalfe’s Law and Why You Should Keep It In Mind
I wanted to bring this subject to PM101 because it’s extremely relevant to the focus of this blog and also to what we do — product and…
the best way might be just to get in and pay your tuition fees to the market first
https://twitter.com/Route2FI/status/1698309451701268553?s=20
https://twitter.com/Route2FI/status/1698309451701268553?s=20
X (formerly Twitter)
Route 2 FI on X
From time to time, I am getting questions from friends who want to get into DeFi if there are any books they can read to understand it better.
No, it isn't. What was working 1 month ago isn't necessarily the best option today.
Some find that scary, but…
No, it isn't. What was working 1 month ago isn't necessarily the best option today.
Some find that scary, but…
don't like how this is a pure unibot shill but i like the overall message
i think we're at the "make or break" moment in crypto rn
if there's any time to start getting into positions, this is the time
i don't mean literally rn but generally in this period of time Q3/Q4 2023
it might be uncomfortable getting into some positions rn, but don't wait too long and end up kicking yourself for it (i've done it before)
in the next 6-18 months, some would have made good money, while the others would be coping
which side dyou want to be on?
https://twitter.com/tomokanashitosa/status/1698582640277045658
i think we're at the "make or break" moment in crypto rn
if there's any time to start getting into positions, this is the time
i don't mean literally rn but generally in this period of time Q3/Q4 2023
it might be uncomfortable getting into some positions rn, but don't wait too long and end up kicking yourself for it (i've done it before)
in the next 6-18 months, some would have made good money, while the others would be coping
which side dyou want to be on?
https://twitter.com/tomokanashitosa/status/1698582640277045658
X (formerly Twitter)
Andy S. Gone 🦄🤖 on X
Bookmark this tweet, you'll want to come back to it later in the cycle.
I'm going to be real nice to you and bring your attention on something that otherwise would have probably gone completely unnoticed.
THIS, right now, is one of these decisive moments…
I'm going to be real nice to you and bring your attention on something that otherwise would have probably gone completely unnoticed.
THIS, right now, is one of these decisive moments…
short term incentive program for Arbitrum (AIP)
https://forum.arbitrum.foundation/t/arbitrums-short-term-incentive-program-arbitrum-improvement-proposal/16131
https://forum.arbitrum.foundation/t/arbitrums-short-term-incentive-program-arbitrum-improvement-proposal/16131
Arbitrum
Arbitrum's Short-Term Incentive Program (Arbitrum Improvement Proposal)
Note: This proposal has been drafted on behalf of the Arbitrum Incentives Working Group as a result of multiple community calls and workshops between multiple stakeholders. It does not exclude external incentive proposals from outside of the proposed structure.*…
Forwarded from Marc Zeller | ACI
unpopular opinion: Airdrops & airdrops expectation were a nice experiment but are now a farming industry & a way to fake numbers to raise money and pump valuation.
it is now a net negative and we should be more creative.
it is now a net negative and we should be more creative.