Degenerate philosopher; Co-Host @Riskonpod
Joined April 2022
- Tweets 2,550
- Following 1,577
- Followers 3,256
- Likes 1,135
456 Photos and videos
Who can put us in touch with @armaniferrante ?
Would like to get him on the show this week @RiskOnPod
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Jun 16
Risk on is live
We’re going to the moon
Jun 16
SpaceX to the Moon | EP 70 x.com/i/broadcasts/1YGNrrLXb…
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Swizzle retweeted
Jun 16
Live today at 12PM EST
Covering:
• SpaceX ripping to $2.7T
• ZEC comeback
• SpaceX acquires Cursor
• Is it Solana time?
And more 🤝
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Jun 15
Gonna trade some sol on chain tokens/memes to make back the half of my zec stack I capitulated, what could go wrong
Will keep you updated
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Jun 15
Man imagine if Trump decides to sike us out on this peace deal now that its not his birthday on the white house lawn anymore
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My favorite @elonmusk quote that I often send friends:
Do not fear losing. “You will lose,” Musk says. “It will hurt the first fifty times. When you get used to losing, you will play each game with less emotion.” You will be more fearless, take more risks.
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Jun 12
trading attention & low float high fdv coins for a decade has prepared me for this day
there's 4% float outstanding, the narrative is AI & intergalactic space travel, & the KOL is Elon Musk
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Jun 11
Facts
I think that maybe, just maybe, when it comes to the SpaceX IPO, CT is the contrarian and not the consensus.
I think there is a higher than 50% chance that, for the first time in a while, we are not the echo chamber. Maybe the echo chamber is normieland, and CT is the insightful room.
So when I see people posting “everyone is bearish, so it might be wrong,” ......I wonder.
Everyone where?
CT has been exposed to this exact setup countless times.
We are seasoned on these launches.
We have a trained eye for this pattern.
Hyped launch.
Massive brand.
Limited float.
Huge implied valuation.
Everyone wants access.
We saw this through every high-FDV TGE in the token sale meta, And if I am right, SpaceX will follow the same exact pattern, because it is the same setup, to the power of 10.
It will follow what I call the "LONG U"
Seasoned ruggees, about to be spectators of a global rug.
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Jun 11
Thursday show let’s hit it
Risk on is live now
Jun 11
24 Hours Until IPO Day | EP 69 x.com/i/broadcasts/1oKMvvrrv…
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Jun 10
Personally, very excited about this- I think it’s a good match. A lot of the best traders I know are big poker players as well, and vice versa.
Ironically read this news today as I’m en route to Vegas for WSOP events this week
Proud to share that @solana is now the presenting sponsor of the World Series of Poker, the first in 15 years and only 3rd in their 59 year history.
When we thought about what kind of bets we could make to grow Solana, poker was a standout:
- 100m monthly players; bigger than golf and tennis combined
- Fastest growing game in Asia
- The biggest “sport” where capital and economy are central to its gameplay
- Future of trading looks more like poker than traditional finance
- Many poker pros integrate crypto in their lives already, from settling private games to staking
We approached @WSOP to see how we could collaborate deeply and came away ready to go all in.
We are building together on a number of fronts:
- Bringing WSOP back to @ESPN live in August with Solana front and center through the entire experience, broadcasting to 400 million households worldwide
- Streaming 150 hours live from Vegas on Solana
- SOL Solana stablecoins exclusively for tournament buy-ins and payouts (already processed millions in the last week!)
- Collaborating to bring poker staking into the crypto era, as well as prediction markets and other frontier products
- Creating content together to educate traders on the game and poker players on trading onchain
Poker is a game I’ve loved for 20 years and I’m personally excited to bring these two adjacent worlds together.
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Jun 10
I’ve been paying my buy-ins with Moonpay as well which has been smooth and easy
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Jun 9
IPO rips- I sell, and rebuy 30-40% lower
IPO- goes terrible, I just hold it for years and then sell in 2035 for a 10x
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Jun 9
We are live! Big show today
Risk on
Jun 9
WTF Happened to ZEC? | EP 68 x.com/i/broadcasts/1kKzDDpzm…
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since this comes up every few months, a refresher:
- first, there *is* a way to prove the bug wasn't exploited, more on this below
- the fundamental tradeoff in a strict privacy pool is that if there's a bug, it could be utilized without immediate detection. this is the same for almost all privacy protocols without audit keys and with circuits
- it's similar to any other crypto bug, like defi, in that something could be exploited and moved to a different chain. there are bugs lurking all over defi, blockchains, and all software at all times. the difference is that given the privacy, it's obviously harder to detect timely
- note that this has always been the case with any of these things (and zcash isn't unique here, the other notable privacy project you're thinking of also has the risk of counterfeit bugs), so nothing is "new" except for the fact that understandably not everyone knows the technical tradeoffs
- in zcash, you have guardrails to detect this so the supply would never increase past 21M *but* the ppl in that pool would get shafted unless there's social consensus, which would admittedly be messy
- recently, the zcash core teams have been increasingly using advanced tools and hiring external security firms to audit themselves to keep improving security
- this is also why it's harder than it sounds to just add privacy to an L1 or L2 (without audit keys) because you want a high concentration of security researchers and cryptographers looking at this at all times. it's also why "dino" projects are interesting because they've survived this long.
- now with this new effort, one of these was a hit and the team immediately patched the bug they found
- you can be reasonably sure that it wasn't exploited given a number of signals, but you can't definitively prove it unless either:
i) the turnstile is triggered
ii) the wallets start pointing to a new pool to migrate (there have been 3 such migrations in the past for example) which would then prove this
luckily, there has been work on creating a new pool that's provably sound, formally verified, and quantum proof this whole time with @TachyonZcash (which is also how I first got introduced to zcash)
so once that migration is done, you will have full certainty
almost all privacy protocols have a variant of this same thing
this same FUD comes back every 5 months as new people learn how privacy pools work (and curiously it mostly comes from xmr ppl who are also vulnerable to counterfeit bugs lol)
in theory, with a zk privacy protocol (not just zcash), you could have a bug in a circuit that inflates supply provided someone extremely sophisticated finds it and somehow exploits it undetected (the difference between a regular defi exploit is that it's harder to detect)
the new information since last week is that the team has ramped up redteaming their own circuits with a ton of new advanced tools and teams specifically for this purpose and patched the bug in the process
(I actually thought people would find this bullish but I'm retarded clearly)
on zcash, you can catch this with a turnstile such that the total supply is not inflated and the attacker is stopped but that would effect withdrawals from that specific shielded pool until social consensus
you can probabilistically claim there was no exploit though not definitively because the turnstile would've triggered and probabilistically an attacker would've sold by now or the several other run ups, and the fact that the very best security people from all over couldn't find an issue for years, but nothing has changed as this was always the case
it's also why "just adding privacy" on a different chain (without audit ability) is not as easy as it sounds because you want the very best people working on this at all times and that was the point of this
I get this makes some people uneasy, so there will be a network upgrade to allow anyone to verify the integrity, coming up (see zooko's post)
this is why project tachyon is going to be such a banger. not just because it will be quantum proof but because it will be a new pool (which will definitively prove this wasn't exploited), but because it will be formally verified, simpler, and provably sound
anyway, im shielding and chilling
see:
x.com/ebfull/status/20622576…
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Swizzle retweeted
Jun 4
It's wild how much demand there is for $ZEC on Coinbase that market makers can't arb the price down to where it is trading on other exchanges. $20 higher on CB and the ratio is growing
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Jun 4
Coinbase premium is back tonight
Jun 2
Massive Coinbase premium just flashed on zcash:native there for a minute. Wicked above $620 while in the $570's on other non-US exchanges
Regardless whether that's institutional or simply large retail buying, Coinbase premium of this magnitude historically precedes much bigger moves.
This is the same pattern that showed up with BTC in 2020-21, where recurring Coinbase premium preceded major rallies.
Also, take a look at current funding rates:
Bybit: -43.3% (8h interval)
Bitget: -34.9% (4h interval)
HTX: -13.8%
Binance: -8.3%
MEXC: -8.2%
Gate: -8.6%
LBank: -8.3%
Aster: -3.4% (1h interval)
So yeah... I think the squeeze is on
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Jun 3
The coordination, responsiveness, and execution displayed here is why Zcash is better equipped for the future than Bitcoin.
Jun 3
Given the time available and the number of parties involved (the devs at @zodl_app and @ZcashFoundation, miners, exchanges, others), this was the most ambitious network upgrade in Zcash's history.
I'm especially grateful to my team, including @feministPLT, @nuttycom, @str4d, @thecodebuffet, @NealJayu, and @peacemongerZ. Little sleep for days. Focused on execution. Collaborating. No compromises. All in. Built to win.
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