$4 continues to ratchet upward

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Fear & Greed dips back into BAD territory (which they call neutral)

— But is Uptober the time to finally break that downward cycle we’ve been in since last November?

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MVRV currently 2.091

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BREAKING - Shocking footage out of Dearborn, Michigan, reveals police enforcing rules that ban Christians from handing out Gospel materials to Muslims, while Muslims freely distribute Islamic literature and convert Americans

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Soon, every app in crypto will converge offering the same assets, features, and instruments. Some with higher fees than others, capitalizing on retards. Only one thing will separate them in the end:

UX.

Best one wins, the rest die a slow, painful death. Hope you're ready.

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This is incredible:

It now takes 102 ounces of gold to buy the median-priced new single-family home in the US, the lowest amount in 46 years.

Excluding 1979, this is the lowest level in at least 65 years.

The ratio has fallen by -180 ounces over the last 3 years, as gold prices have risen +133%.

By comparison, it took 650 ounces of gold, or ~6.5 times more, in the year 2000.

Rarely ever has it been so cheap to buy a new house using gold.

Gold is preserving purchasing power like never before.

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PETER DOOCY: "There is an account on X that tries to forecast military action based on how busy the pizza places are around the Pentagon... Have you guys thought about maybe just going to the cafeteria?"

SECRETARY HEGSETH: "I'm aware of that account. I hadn't thought of just going to the cafeteria. I've thought of just ordering lots of pizza on random nights just to throw everybody off. Some Friday night when you see a bunch of Domino's orders, it might just be me on an app, throwing the whole system off. So we keep everybody off balance."

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Raja Jackson has been charged with felony battery for assaulting wrestler Stuart Smith

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The Fat Olympics are going to be lit!

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= Hourglass thesis / Dime thesis

— TOP & BOTTOM of the stack end up rich, while the MIDDLE gets squeezed out

Top = UX or brand that the users directly interact with, e.g. Pumpfun or Phantom or Polymarket UI — these can SUCCEED in monopolizing user attention, because big hesitancy for users to switch, once they’re familiar with a UI or loyal to a brand

Middle = Behind-the-scenes things that are neither the UI that users directly interact with, nor are they a platform that many others can build upon — these FAIL to monopolize, get commoditized, and profits are eventually driven to zero

Bottom = Platforms that many others can build products upon, e.g. L1s, AWS, Uniswap or Raydium smart contracts — these can SUCCEED in monopolizing, due to huge switching costs of having to majorly rewrite services to work on new platforms, often either through proprietary protocols that resist commoditization or being in an area where success begets success, e.g. stablecoins

I.e. only TOP and BOTTOM succeed in the end, and you better either:

(A) force your service upward to be the dominant UX or brand the user interacts with, e.g. a successful middle-level service creating their own user-facing UX befroe they get commoditized to death

OR,

(B) force yourself to the bottom of the stack, e.g. Hyperliquid creating their own L1, or OpenAI seizing partial ownership over the chip-production layers beneath them

And,

If you are currently on the top or bottom, you’d better not let anyone steal that position from you, e.g. if you’re dominating the UI experience with the user, you better not let someone else create a UI wrapper that others prefer more — and if you’re at a low bottom layer, you better prevent even lower layers from squeezing your profits dry

= Top or Bottom is where it’s at, middle gets rekt

Dime thesis

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^^ What this guy is realizing is basically the top of this hourglass thesis, the UX / brand loyalty part on top,

Which had been ignored in the ~2017 wave with L1s and other back-end protocols

— But really the lesson isn’t “bottom bad” or “top bad”

Real lesson is that top and bottom are both excellent for capturing huge value

— Just absolutely do not end up in the middle

(A) End-users should love you or be forced to use you = top

Or,

(B) Devs should love you or be forced to use you = bottom

But never,

(C) Neither end-users nor devs care about you at all because you’re just another of many highly-interchangable commoditized competitors = middle

Middle is death, aggressively push to the extreme top or bottom

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I swear it's not what it looks like

$BNB

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Yeah man, you definitely have an edge here and should be participating

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State of the trenches

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40% of US GDP growth this year is AI

AI co's account for 80% of gains in US stocks in 2025

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BNB Trenches when there isnt 500 different tools, snipers, and "LA KOLs" rugging everything

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Palmer Luckey, whiz kid emeritus, on how to use age privilege and when it expires:

“You should abuse your young person privilege to the fullest extent. Everyone wants to help you…

I promise you, the day you turn 30, nobody gives a sh*t about helping the young guy any more.

Not that they won’t help you! But they won’t help you for the same reason.”

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