Empire Podcast

I like crypto & Harry Potter⚡️ | Sometimes write http://obviously.substack.com | Casts not investment advice

In the 10 years of mistakes ep:

@santiagoroel "You have got to do the work and constantly reunderwrite. SO many people don't want to do the work."

also @santiagoroel "I lik Bonk wif hat"🫠 

What is this "work" exactly? 😄

Independent thinking. Whatever that is for you. It’s highly subjective. But develop a thesis of why you believe in project x, do multiple scenario analysis, key assumptions, risks, unknowns, info or things that would make you materially change your thesis etc etc

I'm here for the lols so don't take me seriously. I enjoyed the past reflection in the episode.

The meme coin thesis seems to be the opposite of independent thinking and the "work" is mostly step 3:
  1. Check its not a rug, 
  2. Check ecosystem, distribution, & "memetic value",
  3. Pray it catches a bid with retail

Bonk I understood since the thesis was top performing memecoin of solana will be a sol beta play and bonk has already established itself.  Wif was harder as you had to believe that it was a lasting meme.  Congrats on the play - trying to get better on my side and learning from all the podcasts!