Crypto Goodreads

Lmao, funniest stuff I read today

best trader i know said this about the current state of altcoins and i wholly agree w him crypto is a boat in a rising tide, the problem is, we have many leaking holes from the insane amount of value being extracted by grifters. i haven’t really seen this this year, but when i joined cex people liked to shit on chain for being nothing more than pnds and rugs, being very value extractive au contrarie. cex alts are the same shit but on a far larger scale

https://paulgraham.com/words.html Write a little everyday

https://x.com/psaul26ix/status/1794359268617199743?s=46&t=ywALktyM5ZCyt-zigN5Big This is some deep research Link: https://drive.google.com/file/d/1QOTJoIfnaMNAFAiktQU76Dvl7x6ycrm7/view?usp=drivesdk

My latest newsletter post. So the game is a little different now compared to 2020/2021. Exchanges has a lot of power in regards the question: “to list or not list a new token project”. During the years it has gotten harder and harder to get listed on Binance. If you don’t have a great backing, huge TVL upfront, great social metrics etc., you stand a small chance to get listed on TGE. So what did small “unknown” projects do to solve this problem? You got it right: points programs. The way it usually works is that you get points if you lock up capital in a protocol. If you lock up more = more TVL that the DeFi protocol can flex with. The points you accumulate eventually lead to an airdrop. So far, so good. The problem is that it builds up the expectations on what FDV a project should launch at —> which in turn hurt retail. More about this below 👇 https://route2fi.substack.com/p/the-problem-with-points-program-fake

Good thread for traders https://vxtwitter.com/pedma7/status/1793659991661985904