beast_ico

Absolutely wild weekly candles for the last month…

When the consolidation is over I sure hope it breaks up. HTF looks good

I had never heard of KOGE before today (and neither had anyone else on English CT), but here is a long explainer post/thread telling you everything you never cared to know about it…

1/69 🧵👇

What do all of these CEX alts that randomly nuke 80% in 3 minutes after years/months of stability have in common?

Probably some lessons in that

Touching grass for most of today, but a few thoughts on info/mindshare/etc marketing…

- Kaito is “good” in that it gives us a lot of composable new metrics to try and measure influence and attention

- any system that has financial upside and can be exploited will be exploited

- “certified yappers” are the new incentivized testnet bot farms

- most projects have done a really poor job of monitoring their boards or appropriately tuning them

- going forward, projects are either going to have to set some criteria for rewards that are more than just pure mindshare, or they’re going to have to engage in the process a lot to get optimal results.

Infinex has done a great job of this via extra mechanisms and manual review.

@useBackroom iterating their board multiple times in prod to deal with engagement groups and spam is another good example.

The tools are only as good as the teams utilizing them.

Got a DM from a prominent CT KOL asking what @useBackroom is...

So - in short form:
- AI project using Virtuals Genesis to launch

- Builders are trusted devs (some doxxed) with history of good faith effort projects (varying success)

- Signal aggregator AI. Basically creators/KOLs/traders/etc can "allow" the agent access to private chat platforms they use, and the agent will analyze the information in those channels and scrape it for high signal chatter...and then the AI will push the high signal chatter to the creator's "Backroom"...which you can buy tokenized access to using the project's ROOM token.

So basically it's friendtech...but no need for creators to manage a new room with a chat and community/etc. You just use your normal written content spots and this becomes a monetizable distribution channel for your information.

Higher signal = higher value room (at least in theory)...and even if people don't care about information feeds they can speculate on if *other people* will want access to your curated information feeds.

No idea if people will end up wanting to speculate on these or not, but it's at least an interesting iteration on the FT/Tribe model where creators largely gave up because it became a liability rather than an asset to have to manage a new platform.

There is a single binary indicator that can tell you if someone here on CT knows what they’re doing or not with an extremely high degree of accuracy

Did they qualify for the Hyperliquid airdrop or not?

Interesting phenomenon in Virtuals land today.

Apparently a bunch of people took the IRIS launch to dump a large chunk of their bags (not surprising given how big it was) and the result is a bunch of the genesis launch darlings have not had a good 24 hour period for price action.

At the same time, you've got what looks like extreme runaway points inflation (while number of people in points hell is at an all time high) - the solution?

Mindshare points from Virtuals and $VADER. Since they're a static % of the total daily emissions rather than a discrete amount, your points from those spots increase proportionally with the inflation. I got something like 24k points today from those two sources.

Will be stacking my points until the @useBackroom launch in a few days. I am curious to see if genesis launches remain profitable with some heavy profit taking occurring across the board and overall market fears on majors

People that have problematic reputations have them for a reason lmao

If you choose to continue working with them, they will cause headaches for you. It’s true in basically every facet of life, not just crypto

This might hurt some feelings, but if your “content” is regularly about your leaderboard placements and what incentive pools exist, you’re not a content creator…you’re a farmer.

There will come a time in the not too distant future when projects explicitly block that behavior from their incentive programs and many will no longer be able to collect their yapper UBI

Optimize for long term value creation, not short term stimmy extraction

Do you remember a couple weeks ago during L*udio when talked about how the IAO model could be an interesting new distribution mechanism attempting to replicate the success of ICOs, but requiring a smidge of social capital instead of just hard capital?

I just realized that @useBackroom is doing exactly that.
I hadn't connected the dots until I went and re-read the website this morning, but it's a slightly modified IAO from the one we saw a couple weeks back.

I'm hopeful it goes well and that others will continue experimenting with this initial distribution mechanic...I think there's something of value in overcoming the cold-start problem for coins without resorting to a bonding curve

Two most valuable assets for anyone in crypto right now:

1) ability to demonstrate deep understanding of the culture

2) ability to demonstrate slightly above average technical understanding

Many think they have at least one. Few do. Even fewer have both.

If you have both you can practically write your own job description

At least in recent history, longing ME war flushes on the coins has generally been a high value decision

Equities completely erased the dump already. No reason our magic internet coins shouldn't do the same. Up and to the right on any meaningful timeframe

Plans for today:

1) allocate all of my recent $VADER points for the BAIby Virtuals launch (make sure you get the real one)

2) generate some volume so I can keep cranking up points in advance of the @useBackroom launch in a few days

3) ???? (exciting)

4) cause trouble on the timeline talking about info/social projects and offering critiques of what works and what doesn't

5) stay irresponsibly long ETH

Which Solana influencers are on the ground giving us Middle East eyewitness pfun streams on the brink of WW3?

literally cannot wait to read all the expert geopolitical takes on Crypto X dot Com tomorrow

The last 8 4hr candles on ETH are laughably bad wtf

Lmao

A couple months ago we were all like hmm this might be over over, where is the unchecked leverage and risky borrowing going to come from this cycle to give us a biblical pump?

And now for the last two weeks we got nonstop announcements of corporate treasuries stockpiling coins (of various legitimacy).

This will all end horribly, but man it’s gonna be a legendary bubble. Risk-on.

Make your gains and secure your freedom before the end

So you can either pvp the broccoli head teenagers with advanced snipers and side wallets on bonding curve solami launches

Or you can get waves and waves of 10-500x’s without having to worry about a tooling arms race on Virtuals…where everyone gets in at the same start price and you have to earn access based on skin in the game

Idk bros the choice seems pretty obvious to me

Just claimed a bunch of uPatrons on Infinex for having staked Kaito tokens.

Extremely impressed by how responsive the wallet linking was. UX for Kain's product remains unmatched across a ton of 'do everything' apps I've tried.

Who is building the chillhouse of stablecoin L1s?