farcstreetbets

Masterclass in managing risk as new info becomes available

Masterclass in managing risk as new info becomes available https://www.youtube.com/watch?v=vMu_UbNzxrE

Statistically impossible that of the 37 people that exist on this app, non that I follow (all of them) also follow one of the greats (sir six)

Accredited Investor status is going to get easier to attain, degen economy accelerates:

I work at the posts office

terminally.online

I minted mostly to support creators. the <1% chance it would appreciate in values was a nice to have. 

bidding on cast feels similar in that i can support creators but with a more elegant implementation of both the experience itself (in feed, lego) but also the speculative aspect. receiving a 1 of 1 is always special.

The moment you get the “someone outbid you” notif

Auctions are fun. Reminds me a lot of Nouns. The world of 0s and 1s often forgets the intangibles that make things sticky. Yoloing bids is one of them.

Had my birthday today out on the water w family. Younger me would have been trying to measure ‘things’ or asking “what have I learned”. I now see it as naïveté, cringey and mostly useless.

But asking if younger me would be proud has been useful. A better audit: synthesis of choices made vs stats on paper.

fc-updates

New: Collectibles! 

Support your favorite creators by collecting their casts onchain. Each cast can be turned into a unique, 1-of-1 collectible. Just tap the new "collect" icon on a cast to get started. 

Casts can be collected starting at $1. If there are multiple collectors, it goes to the highest bidder. Creators get 90% collectible earnings, and the remaining 10% goes to the protocol rewards. 

We’re excited about collectibles for a few reasons: 
1. Creators earn directly from their audience
2. New creators can earn on their first day
3. Users get to collect a unique piece of Farcaster history

Collectibles will go live tomorrow morning around 9am PT. We're announcing this early so people can be ready to collect their favorite casts when the feature is live! 

Learn more here: https://farcasterhq.notion.site/Collectibles-2306a6c0c10180d7a917c24892662a3c?pvs=74

I already know which casts I’m coming for, gm

2021 animal spirits alive and well in $open. markets are talking.

Texts are good.
Calls are acceptable.
Voice notes are an offence against God.

does everyone else feel the same? im ok w receiving <30s voice notes, even <1m at 1.5x is doable

Imagine the pain of being fully sidelined. That’s why absolutes are so dangerous in investing. It’s all probabilities and your port should reflect that. 100% conviction should never translate to “full port” because even if you are right (and you are never 100% right), the variance and emotional rollercoaster that comes with it should be accounted for in your allocation - price in that your are flesh and bones!

It’s called contrarian for a fucking reason.

Are you over 35 years of age?
Are you building Mini Applications on Farcaster?
Don’t want to seriously reconsider your life?

This video is for You.

your edge feels like play to you, work to others

this idea is a core driver in my life

what no one tells you is that because it does *feel* like play, it’s hard to know what to take seriously. eg. it would never cross your mind that others would actually pay for it.

Going to create a personal website soon. pixelated milkbox, creator of tings.

What’s the model behind coined posts? Where does the money flow?

If you are a speculator in the postcoin™️ markets, can you share why you buy? Is it on expectation of virality? What else?

WallStreetBets at it again. Great read on a solid bet:

WallStreetBets at it again. Great read on a solid bet: https://www.reddit.com/r/wallstreetbets/s/uFn06nd2qx

What instance in modern history could be said to have the purest form of free markets?

seneca

@seneca