I have received word from a verified source at a top law firm in the US that class actions are being prepared against Binance, Gemini, Kraken, and Coinbase under the Securities Act for the sale of UST and LUNA to US customers. They are looking to file within ten weeks.
most people think gamefi failed because it was run by scammers and morons with no experience - but what if it just failed because it tried to combine the two worst type of guys (gamer & crypto)
not long ago a fidenza was worth a million dollars because it best fit an idiot's conception of “something that might hang in a museum.” am i to believe she is somehow worth less?
while remilia are all filing lawsuits against each other, bitboy is driving around intoxicated with a weapon to settle his disputes
and you guys shamed him for buying a milady!
misc
@friendtech
thoughts:
app is crypto autist vc wet dream, they will rapidly join and signal boost this platform app making it fairly resilient against inevitable vampire attacks
betting on the most famous person seems wrong, betting on the person who would be best at friend
if you have nft exposure that is not milady it's time to start asking yourself why. milady visibility outweighs current price by an order of magnitude. take this opportunity to rebalance
mfers (milady's for ugly people) still hold a premium over milady. if you are holding an mfer instead of a milady i urge you to upgrade while there is still liquidity. do not squander your final opportunity to transcend
it really owns that people have spent the last x months saying "i'm worried about kanye he seems really sick" as he's continued to get crazier/fringe and then the natural end point is him just liking bitcoin
your nft doesn't have a culture - it's just an assemblage of (euphoric/despondent) !floor typers and some tacky memes. if you don't understand how remilia is different you can't be helped
greetings, i have acquired a controlling share in 8892 stock and risen to a top 10 valuation [complete interest not pictured]. going forward i commit to doing whatever wonky incentives sisyphus does, only i'll do it slightly better
tip for everyone who didn't sell this time around: work on developing an extremely antagonistic relationship towards crypto and the people who like it. taking profit is so easy when you think it's all a scam and everyone who's bullish is a mark
do they not understand you can trade the jpegs for money? do they look at this market and think there's not enough risk? why make a long term bet on eth instead of outperforming through jpeg speculation? these people are too dumb to be helped - thank god there are so many of them
mfers (milady's for ugly people) still hold a premium over milady. if you are holding an mfer instead of a milady i urge you to upgrade while there is still liquidity. do not squander your final opportunity to transcend
takeaways? jpegs still in their 2017/2018 ico phase. despite their cries for disruption, nft bros suffer from an inferiority complex and need to make it real.
the painful part about this is that all the influencers who got in seed round were able to short hedge their vested tokens while collecting their 7 figure staking rewards - but don't worry it's web3 and wagmi!
this has been pushed to extremes with azuki, where having one ex-facebook engineer and one ex-blizzard artist is enough to generate a zillion dollar brand overnight.
if you purchased any of these punks on march 11th and sell now to sweep the milady floor i will personally gift you one milady. i just want to help before it's too late 😟
remilia was the first legitimate stress test for the punk thesis and it buckled. at this point, the idea that value will accrue to punks as the ur nft or that the punk floor price is a relevant indicator of nft market health is laughable to everyone but the dumbest bag holders
one satisfying thing about the milady takeover is how badly it exposed the crypto punk bull case.
since minting out, milady has increasingly siphoned mindshare from punks despite being a fraction of their price (and the immense amt of capital invested in propping up that market)
is the fundamental xmon bull case that the devs are in a gc with a lot of influencers? isn't it basically a clunkier nftx with less liquidity right now
narratives largely flimsy and will be forgotten about with the next trend, follow the money and try to stay ahead of the curve. if you’re rich you have the luxury to buy what you like, if you’re poor sell quickly or don’t buy at all.
this is not a bit. this is financial advice. if everything goes to 0 your "blue chip nft" will be worthless anyway. the upside of owning a milady is infinite. whatever nft you currently own is a worse milady
if you have nft exposure that is not milady it's time to start asking yourself why. milady visibility outweighs current price by an order of magnitude. take this opportunity to rebalance
Time to re-visit. I was wrong, it was early. Luckily, I wanted to make money more than I wanted to be right [though I would have preferred to do both].
I’ve been ignoring some DM’s asking how I’ve traded the market, so I thought I’d go into my thought process getting here.
i think a certain group of users is beginning to understand what's happening though most will continue to ignore. even ignoring any point sharing system any semi-active member of my chat earned a few thousand points for themselves, most likely covering the
these have all been outperformed by projects with professional teams & real world credibility. this rally lead by the soulless “corporate memphis” stylings of doodles and world of women - both of cycle 1.0 projects that make little effort to hide their trad tech/marketing roots
ct was once desperate to embrace any shred of legitimacy from the finance or trading world in 2017 (see bewildering exaltation of conmen like bollinger and brandt), and now jpeg traders are happy to do the same.
if you own a floor punk you can still sell it to purchase 35 milady's (ignoring slippage). it's more obvious now than ever. think harder about your nft exposure and how you allocate your funds
i love that y00t's whole schtick is posting a bunch of footage where their art guy shakes his head and deletes a jpeg but then they still look like that
"alpha calls/market thoughts" seems like the dumbest possible value prop for . mostly grifters & aggregators eat their lunch. even the useful information will be fumbled by the types of traders who seek out paid groups (all of whom will inevitably
one satisfying thing about the milady takeover is how badly it exposed the crypto punk bull case.
since minting out, milady has increasingly siphoned mindshare from punks despite being a fraction of their price (and the immense amt of capital invested in propping up that market)
defi $ re-entering the jpeg casino. they want your waifu's this time, not your art blonks. rapid narrative cycling sometimes bearish ("womyn" projects > waifu > ???) but strength of punk/bayc floor means more money to go around so maybe everyone rly is getting hilariously rich
it's natural that having been burned by scrappier projects with niche appeal, degens would flee to quality (though their favorite influencers assured them they were buying quality last time around too), unfortunately that quality usually amounts to an omisego partnership with mcd
thought experiment: every 365 days some silicon valley guy launches an nft that goes to [redacted] floor but you're too busy chasing pudgy penguins and reading gainzy tweets to notice
your nft doesn't have a culture - it's just an assemblage of (euphoric/despondent) !floor typers and some tacky memes. if you don't understand how remilia is different you can't be helped
honestly the best feeling when you meet a supposedly random person at an irl event and they say “IT’S ME, [web3 username]” and your eyes widen and you scream NO WAY and you hug and jump up and down and up and down. no feeling like it
certain influencers have claimed that my is more valuable than theirs because i “bought my own keys” (is this even possible to do?? seems made up) but the reason real reason is their followers listened to their calls and no longer have any money to buy
last time around sleeker brand projects were eschewed for more community focused jpeg. the pumps of meme collections (toadz, cdb, pudgy penguin) and the alleged culturally significant “blue chips” (punks, art blocks, deafbeef) were organic campaigns founded by crypto natives.
idk if it's more degrading for the serial scammers who are behind the pump and dump on this or their twitter exit liquidity. some of you guys are cool, don't go on nftx tomorrow
in the coming days/weeks/months you may find yourself wondering where looksrare failed, but it's actually a massive success! primary function of all shitcoin is to enrich founders, if you get some scraps it's a happy accident 😅
nft's do actually solve some problems in the art world, and it'll be an easier sell to get people to migrate over to them than it was to sell btc as store of value (especially after it's inevitable rebrand from nft to art 3.0)
cryptopunks/art blocks have no part in thesis
there will probably be lots of opportunities to buy fine artist genesis nft work for cheap because the crypto nerds don't get it and the actual rich people can't be bothered to deal with it yet.
makes way more sense as a long term bet on nft's than any crypto native "blue chip"