Quote Originally Posted by Tellafriend View Post
Quote Originally Posted by sonatine View Post


i promise you im not. im doing that incredibly autistic thing where i hyperfocus on a particular very high level endgame and let the pieces fall into place on the way.



i'm earnestly learning as much as i can about stable coins as they makes some sense to me and i can see (or with the aid of listening to others) how it could be the future. I see how the US guvment will be able to benefit, perhaps a lot from them, so they will have that tailwind. if i am correct, i want to get in on the ground floor for once. everything is already expensive using current number but i'm buying what i can that is touching it. what worries me is when amazon adopts one then will it just knock everything i have out of the water....

do you know anything about Galaxy? i listened to the CEO who i was previously unfamiliar with give an excellent interview on Schwab TV and was thoroughly impressed. I'm buying it or and researching them further with the hope/goal of buying much more.

i have overpaid for circle but not worried, yet. i presume someone will or already has made a stable coin which is backed by bitcoin rather than treasuries so adding to that and buying Ethereum now. Fiserv is early. Saw where Robinhood was in the market for the stuff too, kind of and also read what you did about today about their new idea - sounds like they are trying to stay ahead of the game.

any informed thoughts on these would be appreciated.


no bullshit if i had anything close to an informed opinion about any of this id offer it. very little of this is in scope for me because im just trying to set up a bunch of cross platform arbitrage bots in colos with sub 10ms access to APIs who dont do KYC. its all very traditional-HFT adjacent.

the rest is certainly interesting but its just not in my food chain.

if the crypto topic is of interest, i commend this interview to you:

thanks for this.

i think theres a really important point that needs to be made; i think crypto is a fundamentally retarded tulip fetish but i love the money making opportunity it presents in certain fringe cases, and for day job reasons its important that i understand the physics of on-chain for forensic purposes. and as someone who recognizes that this is a founder phase economy, i need to keep an open mind for solutions that embrace the new tech.

but at the end of the day, my pathos re bitcoin is; i dont care if it 10x's by the end of the decade. look what the market is doing right now, look at the nasdaq's overnight action; its 12:45 and we are at ATH more or less. if you want a 10'xer, just buy 0day puts on QQQ if we break under the 5 minute opening range, youll probably get there pretty quickly.

my thesis with crypto has always been; the people who get rich in a gold rush are the people selling shovels. and so bitcoin doesnt interest me, but find me technical docs on https://www.wintermute.com/ and my cell phone goes on airplane mode and im brewing a fresh pot of coffee.