Show me a SINGLE one that has anything remotely resembling the basic elements of BOME bet, and which I can buy in now:
(1) Earnest leader in his domain with small cult following: #1 artist in his narrow genre, of trendy pixelated pepes — which is why we decided to make his art the foundation of ours, long before the BOME launch. Or alternately, any obviously-earnest thought leader whose been slaving away through the broke times, even if their following is currently tiny.
(2) Sufficient initial capital, ~50%+ to be put into pumping: $1.6M raised in the fair launch before the fair launch closed
(3) Years of work to lose: BOME guy had a lonmg track record of posting for over a year prior, and putting his persona’s reputation on the line
(4) Good market conditions, preferrably: BOME launched right after SOL had a huge surge, MVRV was very high.
Seriously, anyone show me. I’ll cut anyone in on the gains if you’re the first to alert me to one.
You won’t quickly go broke hunting for the next BOME — because you objectively won’t quickly find others satisfying the basic elements of a good BOME bet.
They’re rare.
Belief that all investment success must be simply gambling luck or theft or inheritance from those who had luck or did theft — is a profoundly communist belief.
Truly a core communist belief.
It is the justification for all the communist theft — all their success was from undeserved luck, so us stealing from them equalizes things and makes them fair!
Unfortunately, this belief that all investment success must be pure luck is a belief that has partially infected many who believe themselves to be opposed to the communists.
Ask yourself how sure you are that it’s really true.
Eliminate purely luck-based gambling thinking and go for value-based, elements of a good bet based thinking.
Belief that all investment success must be pure luck is a poisonous belief.
Poisonous in that it prevents you from even trying to find ways to invest better.
Thiel was right.
(1) Earnest leader in his domain with small cult following: #1 artist in his narrow genre, of trendy pixelated pepes — which is why we decided to make his art the foundation of ours, long before the BOME launch. Or alternately, any obviously-earnest thought leader whose been slaving away through the broke times, even if their following is currently tiny.
(2) Sufficient initial capital, ~50%+ to be put into pumping: $1.6M raised in the fair launch before the fair launch closed
(3) Years of work to lose: BOME guy had a lonmg track record of posting for over a year prior, and putting his persona’s reputation on the line
(4) Good market conditions, preferrably: BOME launched right after SOL had a huge surge, MVRV was very high.
Seriously, anyone show me. I’ll cut anyone in on the gains if you’re the first to alert me to one.
You won’t quickly go broke hunting for the next BOME — because you objectively won’t quickly find others satisfying the basic elements of a good BOME bet.
They’re rare.
Belief that all investment success must be simply gambling luck or theft or inheritance from those who had luck or did theft — is a profoundly communist belief.
Truly a core communist belief.
It is the justification for all the communist theft — all their success was from undeserved luck, so us stealing from them equalizes things and makes them fair!
Unfortunately, this belief that all investment success must be pure luck is a belief that has partially infected many who believe themselves to be opposed to the communists.
Ask yourself how sure you are that it’s really true.
Eliminate purely luck-based gambling thinking and go for value-based, elements of a good bet based thinking.
Belief that all investment success must be pure luck is a poisonous belief.
Poisonous in that it prevents you from even trying to find ways to invest better.
Thiel was right.
💯4
Media is too big
VIEW IN TELEGRAM
Peter Thiel: You Are Not a Lottery Ticket (2013)
Bad luck can happen, bad markets can happen, big returns can take a long time to be realized — but none of those mean that everything is just pure luck.
Finding this impossible to agree with this? Maybe you were just born with the communist brain.
Bad luck can happen, bad markets can happen, big returns can take a long time to be realized — but none of those mean that everything is just pure luck.
Finding this impossible to agree with this? Maybe you were just born with the communist brain.
Tell ya what,
Been thinking something, since a couple months ago when I saw this game theory, about how tit-for-tat is the optimal strategy.
Basically, an automated bot-judged system where the points are like this:
-1: you lose a point whenver the bot detects that you stole a meme from another group who had posted it first, without crediting them
+1: you gain a point whenever you credit another group by forwarding one of their memes to your group or including a link to them.
Then, the tit-for-tat strategy works like this:
+ Whenever a group steals from you —> you steal from them in return, by not crediting them with a meme.
+ Whenever a group credits you by forwarding your memes, then you return the favor by crediting the memes you take from them.
(Might weight the scores by the relative value of the groups, by some metric.)
Got a feeling that a coalition of groups using such a system could be a far better discovery system than what we have today, and enough to displace some of the big lazy incumbents… which got to their positions from the current nepotism anointment based discovery system.
Will make that auto-scoring bot sometime soon. Fairly easy to pull together. Let’s do this.
Been thinking something, since a couple months ago when I saw this game theory, about how tit-for-tat is the optimal strategy.
Basically, an automated bot-judged system where the points are like this:
-1: you lose a point whenver the bot detects that you stole a meme from another group who had posted it first, without crediting them
+1: you gain a point whenever you credit another group by forwarding one of their memes to your group or including a link to them.
Then, the tit-for-tat strategy works like this:
+ Whenever a group steals from you —> you steal from them in return, by not crediting them with a meme.
+ Whenever a group credits you by forwarding your memes, then you return the favor by crediting the memes you take from them.
(Might weight the scores by the relative value of the groups, by some metric.)
Got a feeling that a coalition of groups using such a system could be a far better discovery system than what we have today, and enough to displace some of the big lazy incumbents… which got to their positions from the current nepotism anointment based discovery system.
Will make that auto-scoring bot sometime soon. Fairly easy to pull together. Let’s do this.
❤7
GM
and be sure to backtest your signals, at least a little bit manually
most that sound great to laymen are actually historically horrible
new coin launched by same wallet as a big success coin?
good signal or horrible signal?
who knows.
backtest
(No coins or people in these posts are being endorsed unless explicitly stated)
and be sure to backtest your signals, at least a little bit manually
most that sound great to laymen are actually historically horrible
new coin launched by same wallet as a big success coin?
good signal or horrible signal?
who knows.
backtest
(No coins or people in these posts are being endorsed unless explicitly stated)
🫡3