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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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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Nonsense

Nature > Nurture

Ok, well, more specifically,

— Women’s nature, having far more estrogen and less testosterone

= Makes them easily give into peer pressure, say whatever they think those they’re surrounded by want to hear

— Men’s nature, having lower estrogen and far more testosterone,

= Makes them not prone to saying whatever they think the crowds want to hear, even if they know very well that doing so will get themselves hurt, i.e. predisposed to nurture

So, how both sides are right:

— Universities ARE turning women into woke commies

…though this predisposition to crowd-please, and related predispositions are extremely biological, estrogen-induced, and some will say you can’t un-commie the universities, as they’re extremely prone to commie hijacking by their nature

— Repealing the 19th WOULD solve woke commie women problem

…though ofc this would cut out the minorities of commie men and anti-commie women, and some would say it’s infeasible in the first place

(Some, e.g. redheads are well-known to buck this trend, perhaps for the same underlying biological reasons that underly their strong independence drive that makes them prone to moving far away onto remote farms in the woods.)

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The “Higher estrogen makes you lie to please the crowd” & “Higher testosterone makes you more honest, even if being honest hurts you”

gender differences are also why men & women’s arguments totally fall flat when attempted on each other

Women → Men: But doing that will get you hurt!

Men: Obviously, dgaf, what about what’s right?

Men → Women: But doing that isn’t right!

Men: Obviously, dgaf, what about not getting hurt?

Men are from mars, women are from venus, as our ancestors recognized lifetimes ago

Valuing entirely different things

Why?

Nature, biological, basic hormones

Estrogen & testosterone

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Other factor is “hormone sensitivity”

— Which can totally eliminate, or even reverse, typical effects of hormones in some people

Hormones can explain a ton, but also must account for uncommon insensitivities,

to account for what would otherwise be striking counterexamples

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Third party password managers always were a massive insecure scam

This is how the $XRP cofounder lost hundreds of millions

— Some things really MUST be done by the operating system or platform itself, batteries-included,

because there are perverse incentives if you just let the market decide

Same goes for Ethereum’s anti-batteries-included approach, which is finally wrecking them today

Huge number of things that are technically easy to do — but 3rd parties are incentivized to do them horribly

Some things really have to be paid for by the platform itself — as they are the only ones incentivized to do it right

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Would say there are cases where high-initiative can be bad

= Super sloppy people, when it involves a task that is very not forgiving to sloppiness

Not enough spare initiative find a proper quote now, so here’s a random related quote

No wait, remembered the proper quote, Hammerstein-Equord’s four officer categories

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German General Kurt Von Hammerstein-Equord’s four officer categories:

1) the clever
2) the industrious
3) the lazy
4) the stupid.

“I divide my officers into four classes as follows: the clever, the industrious, the lazy, and the stupid. Each officer always possesses two of these qualities. Those who are clever and industrious I appoint to the General Staff. Use can, under certain circumstances, be made of those who are stupid and lazy. The man who is clever and lazy qualifies for the highest leadership posts. He has the requisite nerves and the mental clarity for difficult decisions. But whoever is stupid and industrious must be got rid of, for he is too dangerous.”

— Von Hammerstein, 1933

“You can use the brilliant but lazy man as a strategist, a brilliant but energetic man as a Chief of Staff, but God help you with a dumb but energetic man.”

— Gen Douglas McArthur

I.e. there is a good time when not to be industriuous

= When you’re retarded

*Unless we’re in a hot bull market.

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State of web3

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Back to the roots,

Where in a sea of spam, the biggest problem becomes standing out from the spam

And the answer is hand drawn ads

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OGs will remember

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Nice looking ads have no value. It’s the most easily faked thing on the planet.

Nice looking ads are the bargaining chip of the man who has no other chips.

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