SydneyJason

@sydneyjason

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Really interesting NFT project launch mechanics lately: Chonks by @backseats - 1 day unlimited mint on Base, 0.01 ETH each (with some fun traits coming along for the ride) Cycles by @matto @neokry @sus-seaweed and Material Arts. Basically a slowly curated allow list --> contact them if you're interested (I had a nice chat on X). 0.2 ETH each, limited to 512 Flamingo Flutter by Flamingo DAO https://flutter.flamingodao.xyz/ - allowlist to receive a free mint for some of the OG Ethereum mainnet NFT collections. 1380 total. These mechanics aren't rushed with FOMO/gas wars, they're thoughtful and reward collectors, and the art is fun! They're all shaping up to be important culture for the post-election euphoria

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Update on secondary market rolling 90-day bid/ask ratio: -accelerating for AI companies -still at a decade low for non-AI companies -volume of activity is increasing. But on the margin, there are more (forced?) sellers pushing down the bid/ask ratio for non-AI companies (These are venture capital backed companies that haven't yet gone public)

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I wonder what the feedback loop is for BTC and ETH buying pressure vis a vis the ETFs. If prices increase in a day, people pile into the ETFs, which also increases prices. Same for outflows. But maybe it doesn't matter so much with OTC market makers?

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Thoughts on the current cycle*, a 🧵: 1/5 It's speeding up Attention/liquidity/rotation is moving way faster than previous cycles. It's because we ("smart retail" + funds + tradfi shops) are spread out more. This is a function of: -Communications dispersion: Farcaster, CT, Discord/Telegram, Tiktok, Youtube, podcasts, etc -Chain dispersion: ETH/EVM orbit (including L2s), Solana, Bitcoin L2s, and apparently other places like XRP/Cardano (?!) The meta shifts quickly, and the ball of hot money is moving fast. It's like a Tasmanian Devil spinning around from one city to another, very quickly. *starting with BTC exchange arbitrage in 2013, this is my fourth cycle. I've spent a lot of time thinking about previous mistakes, and I've made a lot of them.

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A different take on the memecoin meta. Mixing NFTs and memecoins...

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Love me some mate on a chilly morning. LFG y’all!

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Holy shit, I’ve spent almost 60 hours doing Duolingo this year. Español 🙌

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Interesting analysis of the "must have" Series A deals going back to 2012. The top "pickers" are a16z (7), Sequoia (6), Benchmark (5), and Index (4), followed by Accel (2), DST (2), Founders Fund (2), Kleiner Perkins (2), NEA (2), Qualcomm (2), Social Cap (2), and Ribbit (2) https://x.com/ColeRotman/status/1863422598056648860

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PSA: if you operate a small partnership or LLC in the US, you may have reporting requirements under the Corporate Transparency Act. This was passed into law in 2021 and went into effect on Jan 1, 2024. If you're required to report beneficial ownership, then you have until Jan 1, 2025. Check out the FinCEN website for more details.

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In traditional finance, the debt markets show the health of various aspects of the economy. I'm convinced that the high rates to supply stablecoins in liquidity markets like Aave indicate that *capital is a constraint* in DeFi today. Anyone know of any Dune dashboards that aggregate this across chain/market? Supply rates for stables on Aave Polygon and Ethereum mainnet on Nov 30👇

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A bot that deploys a small, changeable amount of capital into every token launched on clanker. -Automatically sells 25% at 4X. -Automatically sells 25% remaining at 8X. -(repeats for every 4X multiple) How much capital would that require and would that strategy generative positive returns?

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Grateful for people of the past who have shaped me, listened to me, got me, made me laugh, made me cry, challenged me, nourished me. And of course grateful for family and friends currently in my life. As a nomadic expat, sometimes I can brush off Thanksgiving. But it’s my favorite holiday. And this year, it hit me hard that I’m missing some people. ❤️ 🙏

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Each day, so much FOMO for clankers. (wtf does that mean?!)

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It's the generative art cabal 👇

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Kevin Abosch is becoming the meta for his own non-official meme coin. It's hilarious: https://x.com/kevinabosch/status/1861479742530081218 cc: /art

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These dispatches by Zoltan Pozsar are an excellent macroeconomic view of the state of global money and banking since the Great Financial Crisis. I'm particularly fascinated by his coverage of China and the "petroyuan": China has made arrangements with OPEC+ countries to take delivery of oil with CDBC renminbi; in exchange, these OPEC+ countries can take delivery of cheap Chinese goods and commodity supply chain. Dollar hegemony is being challenged, and it's the US-led sanctions that have pushed other countries to develop an alternative. https://www.exunoplures.hu/a-decade-on-money/ CC the /economics channel

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The longer term value aggregation around the @clanker and @aethernet meme tokens will distribute like many other things: 99.9% unimportant and 0.1% with lasting cultural relevance. What are the criteria for the 0.1%?? -Will we know it when we see it? -Will it require certain influencers or community signals? -Will price action be causative or correlative? -Will lastingness be based on novelty or utility? -Or is it all just a bit of collaborative fun at the casino? A few new projects remind me of $people token from the last cycle (ConstitutionDAO) —> the token traded well beyond fundamentals, and somehow I turned a little ETH into 10x more ETH. Mining for attention instead of hashrate…

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Fun night out with the missus watching a Flamenco band in Triana, Sevilla ❤️ 💃

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ETH is my unit of account And Farcaster allows mining for attention, not hash rate... https://warpcast.com/sydneyjason/0x982a8e8d

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My first job I made $4/hr helping as a janitor at a family friend’s motorcycle shop; I learned hard work and my mom’s fears of motorcycles (first time riding one only in my 40s). My first career job was for $75k doing software consulting just as the dotcom bubble was shattering. I made it 9 months, and through 3 rounds of layoffs. I learned that I was terrible at managing my credit card and student loan debt. And eventually learned how to get really good at budgeting and saving

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