Hedge funds rotating out of us stocks (and other risk assets like crypto) at fastest pace in history
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Retail the opposite, anticipating dip will be brief
Retail pouring money in faster than at the peak of meme stock mania in 2021
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Retail pouring money in faster than at the peak of meme stock mania in 2021
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Markets have started to become more like meme markets, filled with retail and violently swinging in the direction they anticipate the whales going next
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NEW: NTSB report on Endeavor Air flight that flipped in Toronto indicates it was a failed landing from the pilot not a mechanical issue
Female 1st officer was at the controls
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Female 1st officer was at the controls
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DoomPosting
Retail onboarding onto the latest pumpfuns 🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
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If you wait for enough retards to pile in first,
then you’ll be able to grab some and climb out easy
Pumpfuns 101
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then you’ll be able to grab some and climb out easy
Pumpfuns 101
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DoomPosting
Pumpfun always had their own custom pools — though until now that’s just been for the first stage, before the coins graduate to Raydium pools Apparently now Pumpfun is going to take over that second stage too, with their own pools 🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Pumpfun finally launches their own Raydium pool replacement, further cutting coin launching costs to $0.
— And cutting costs always has been pumpfun’s real core “innovation” from the start
Specifically,
(1) Bypassing market thickness-related launch costs — Which otherwise would cost ~30 $SOL (~$4K) per launch, to achieve the same thickness curve from the start on Raydium directly
(2) Delaying pool-creation related launch costs until “graduation”, and imposing those on all early buyers instead of just the creator — 6 $SOL (~$800) — Which this new upgrade now eliminates entirely
= Reducing up-front coin-creation costs to $0, instead of $5k
(Or $10k or $20k when $SOL price doubles or quadruples)
I.e. pumpfun’s core “innovation” always has been reducing coin creators’ financial liability for coin success down to $0
Is that good?
Well, early-stage tradfi investors would readily tell you that founders putting zero at risk up-front, zero willingness to in any way bet on their own creation, at least putting in big hours up-front — Is a HORRIBLE bear signal
— And pumpfun has enabled this at a mass scale
Indeed reducing liability-for-failure to zero, so that some may get huge upside while taking on disproportionately near-zero liability for failure, all while those taking on the liability being deprived of the info needed to properly assess these bets, has been a disaster,
— The special kind of disaster, the kind that looks like a huge success at first, until much later when it becomes clear that it was a horrible idea, like massive housing bubbles and ensuing collapses.
But isn’t capitalism all about reducing all costs to zero?
No, retard.
It’s not about offloading all liabilities onto counterparties while siphoning off disproportionate upside.
That is a scammers’ paradise, not “capitalism”.
Cutting memecoin creation costs to zero. Horrible for the market at large. Great for the purveyors of this new mechanism.
Onward we go.
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— And cutting costs always has been pumpfun’s real core “innovation” from the start
Specifically,
(1) Bypassing market thickness-related launch costs — Which otherwise would cost ~30 $SOL (~$4K) per launch, to achieve the same thickness curve from the start on Raydium directly
(2) Delaying pool-creation related launch costs until “graduation”, and imposing those on all early buyers instead of just the creator — 6 $SOL (~$800) — Which this new upgrade now eliminates entirely
= Reducing up-front coin-creation costs to $0, instead of $5k
(Or $10k or $20k when $SOL price doubles or quadruples)
I.e. pumpfun’s core “innovation” always has been reducing coin creators’ financial liability for coin success down to $0
Is that good?
Well, early-stage tradfi investors would readily tell you that founders putting zero at risk up-front, zero willingness to in any way bet on their own creation, at least putting in big hours up-front — Is a HORRIBLE bear signal
— And pumpfun has enabled this at a mass scale
Indeed reducing liability-for-failure to zero, so that some may get huge upside while taking on disproportionately near-zero liability for failure, all while those taking on the liability being deprived of the info needed to properly assess these bets, has been a disaster,
— The special kind of disaster, the kind that looks like a huge success at first, until much later when it becomes clear that it was a horrible idea, like massive housing bubbles and ensuing collapses.
But isn’t capitalism all about reducing all costs to zero?
No, retard.
It’s not about offloading all liabilities onto counterparties while siphoning off disproportionate upside.
That is a scammers’ paradise, not “capitalism”.
Cutting memecoin creation costs to zero. Horrible for the market at large. Great for the purveyors of this new mechanism.
Onward we go.
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