Late Capitalism
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Skem! Wen Late? Just heads down building. The Solana game didn't change yet. Kabuto is interesting but seeing who's in and al the KOLs disgusts me already. Otherwise rooting for the guy to get all cards on market. Will be at Breakpoint next week, DM me if you're around.
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A lot of people have gone quiet. I had a few conversations with some of you in person, I now call friends. If you are going through a hard time right now, it's fine to be vulnerable we don't have to all play tough and hard all the time.
First - don't compromise your health. Sleep properly, eat well, move your body. Don't punish yourself for things outside your control. You can't control macro, so why destroy yourself over it?
Let me be real with you. I entered Solana trenches with 500k thinking this was finally the memecoin cycle, hitting almost 8-figs. After 10 years in crypto and recently watching VCs extract value through bullshit L1s and fake narratives, memes felt like the only genuine grassroots movement left. Quite similar to bitcointalk times when we started things in forums, mined random shit to sell on tradeogre.
Two things I severely underestimated:
1. The professional extraction machine on Solana is terrifying. Didn't think it'd be this bad. Launchpads are literally incentive-aligned with crime - they eat fees whether you get rugged or not. Think about that.
2. Trump/Melania meme launches. This fcked everything. Sucked billions out of the market in days. Not because they played better - pure asymmetric information. The game is rigged at levels we didn't account for.
I genuinely don't check numbers daily. I'm a builder that wants to have fun along the way. But here's the thing - I have stable income from my company. My basics are covered. I can take these hits so I don't want to pretend things are fine if you gambled your life savings.
Even within my own community people's behaviour and respect towards me changed with the "number" in my doxxed wallet.
Everything's getting disrupted. You need to stabilize your life BEFORE playing with unstable assets.
Get reliable income. Secure your health. Cover your basics. Then you can take risks.
We're probably heading into months of consolidation. People will literally leave crypto forever. That's when opportunity emerges. But only if you're still here. And if I'm wrong wrong and we moon in December, you still need to be here.
Multiple cycles taught me this: Survival is the alpha. The people are the asset. Everything else is noise.
Stay strong. We'll make it. But we need to evolve. Memetics will always win.
I'm not going anywhere.
Late.
https://x.com/IAmJustLate/status/1990172575910219951
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Getting many concerning messages. A few things:
1. Iβm prolly down 20-30M Crypto, but obviously I didnβt invest that much so it feels fine.
2. Never kill yourself, I mean it.
Everyone wants to make it and get rich but trust me nothing changes. You need goals and achievements at any point.
Find something you love doing. Build for the long term. This isnβt the worst: Its gonna get way uglier.
If you survive: gg wp.
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Survive. Get stronger. Build something. Giving up is not an option. Suffering is fine. Don't be too hard on yourself - learn an move on. It'll be alright. Don't be caught up looking at numbers. Think about creating value more about a random number going up.
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People complaining about the dev.fun thing β honestly, it was a low-risk move where nobody could really lose money. You were buying in at an 80k MC, and any leftover SOL got refunded.
If you expect everything in crypto to be flawless and risk-free, this might not be the right space. The team already processed refunds, so no harm done.
That said, I probably wonβt share these kinds of things going forward. I got like 20 DMs asking what to do β and for the record, I didnβt even get in myself.
