Coded

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State of LA

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Bitcoin Quantile Model

Bitcoin is going up,

But if you want life-changing wins this cycle,

$BTC alone won’t be enough

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GM

Bottom’s in?

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Bottom of the channel,

yet again

Usual January dumps

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Brief rest before the big one

Don’t fall asleep

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Marked a little clearer

This point in past cycles

Pretty clear

(Remember 2020 cycle was a bit of an anomaly, with covid crash etc, though rough idea holds even for that one too)

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Usual January dips

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Friday

Indeed we were

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State of web3

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Big brains over here acting like smol brains,

Afraid to say the simple truth

Girls don't like boys

Girls like cars and money

Women are wired to run

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^^ Why on-chain builders have been pretty badly screwed over past few years

Dip that just keeps dipping

$ETH/BTC been crashing hard for past 3.6 years

$ETH/USD crashing hard for past 9 months

— But Ethereum & its EVM clones have the only usable general-purpose smart contract platform

Solana extremely restricts customization of token smart contracts

= On-chain builders been pretty screwed

Off-chain crypto builders have fared a little better, slightly

What comes next?

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