If onchain becomes a casino, own the casino ⠀ "This is the most insane Fortnite-ification I've ever seen of crypto Twitter. ⠀ Even though this is potentially a bit of a cynical, doomer-esque view, to me, it's all bullish Pump. ⠀ Onchain trading becomes more and more unsustainable to actually view as an investment vehicle. It's more gamblified. ⠀ I view holding a Pump position as a hedge on that."

Can Anthropic and OpenAI stay ahead post-IPO, or are Zuck and Wang coming for the lead? ⠀ "I played golf with a bunch of 70-year-old guys the other day, and all they could talk about was the AI bubble bursting. ⠀ I don't think it bursts necessarily. I just think it probably shifts who leads. I don't see Anthropic and OpenAI clinging onto leading post-IPO. ⠀ I think Alexandr Wang and Zuckerberg are gonna figure this shit out. ⠀ Zuck's a fucking shark. He's gonna take everything from everybody. ⠀ I think people underestimate him, and he's hired well. He's hiring to kill."

There’s An AI Agent In Your Bank Account? | EP 98 xitter.cf/i/broadcasts/1RKjpbwYA…

The problem when the product is the token ⠀ "On papertrade, the reason most people were aware of what was going on was, 'Oh, this is an opportunity to farm.' Not necessarily with the mindset of, 'Oh, this is a protocol I could use long term.' ⠀ What I saw from the release was, 'Hey, this is a crazy degenerate product. You can do 1,000x leverage.' You can take a small amount of money and wager a large amount of money, but the catch is it's like a 99% chance that you're gonna lose that money. ⠀ But if you lose money on purpose here, then you're gonna collect this token, which may or may not be worth something down the line. ⠀ To me, the rationale behind that makes no sense. You're gonna lose money basically on purpose to maybe make money back later. ⠀ But now that the token is maybe gone, what is the remaining reason left for using the platform?"

13-year-old kids can now (try to) win a Rolex with their parents' card ⠀ "Imagine your 13-year-old hearing about the PumpFun app, where they can win a fucking Rolex. ⠀ So they take their parents' credit card to upload it onto the app, and now they're just down $1,000. ⠀ Back in the day, CSGO Wild was basically this. It was no KYC gambling with your CSGO skins. ⠀ This is where I started gambling, when I was like fucking 13, bro. I was gambling CS skins. I managed to get my inventory up to like $9K, and I ended up losing it all when I was literally 13."

Black Monday, The State Of CT, Pumpfun Adds Perps & A Gacha | EP 97 xitter.cf/i/broadcasts/1kJzDPjYL…

Wood on why only the flagships survive Wood on why old memes always die when fresh liquidity returns "The stock pair stuff is the only new primitive that's come up in the last two years. Unless something else comes up, this is the meta that's here to stay. You can safely hold STONK, you can safely hold AI, and you can expect to sell them for more money. I don't think you can hold anything else in those ecosystems and expect to make money."