im still a big optimist for general passkey adoption, apple seems obsessed with them and generally better security hygiene that isnt as anti consumer as people would think
stablecoins in apple wallet probs coming sooner rather than later and will probs be big accelerator for the trend
after point 1 trader is euphoric and starts doing B (even though A is the thing that got him to point 1 in the first place)
literally the worst thing you can do when you get success is to... stop doing what got you to that point in the first place
works same in reverse
after you experience a big loss, you don't start doing new stuff, you keep doing what has worked well for you so far
this is why tilt is so destructive, mfers will make a bunch of money then lose 20%, and instead of a minor adjustment to make sure they can't face a big drawdown again they'll enter super saiyan degen and start hyper gambling, ignoring everything they've learnt so far and blowing up the rest of their 80%
i really dont go to many crypto events anymore, but a habit i picked up was to never really talk about who i was / my follower count coz it just attracts the most annoying types of people
have been growing and building an irl network of partners for the loomlock launch, a few of whom have turned into some of my best homies
well, i kinda ended up just never mentioning the fact i have a bunch of followers etc, till one dinner where one of them was like "so.. uhh loom.. ur kinda big on twitter hey"
The same mindset that puts you in a position to lose 80m in a week is the only mindset that gets you that 80m in the first place
It’s why having artificial targets that you stick to religiously is so important
I.e if I lose more than 10% in a 2 day window I stop trading, or once I get to $50m I’m cashing 33% out into a bank account
These targets are actually considered incredibly inefficient for most traders (never trade your pnl etc) but that’s following an incredibly systematic trading system that leaves no room for your psychology, which I would argue is by far the most important factor in trading
i think the berabaddies cribs parody was funny and clearly a parody but Poe's law always applies when posting stuff online
@nonfungiblek is also one of the coolest most genuine ppl in the world and truly loves and believes in what she is doing
there's alot of resentment that exists in this space ,somewhat justifiably so, crypto has been very rough for alot of people,yet as is usually the case, people aren't willing to learn from prior lessons and try and focus their anger on what they should actually be angry at but instead will just.. be angry and then expose that anger at whatever they see as the easiest target (or whatever they think will make them look cool to their specific crowd)
I'm actually really interested to see how the internet progresses in the next few years lol, as doomer as it is to say i don't think public forums are ever going to get better (not just crypto, but this is occuring in many different spaces and places, ppl getting madder and crazier)
we may have hit peak non-private social networking
the 3rd usecase for blockchain is 100% collectibles its just it hasn't been done properly yet
(minus fully onchain generative art. anything trying to tie real world collectible to crypto has alot of potential but just stemmed from the wrong side, think for it to work properly need to stem from crypto first)