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Degens Deteriorating
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State of web3
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trading on ansem signals
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Momentum-following entering with size as soon as we hit the local highs or lows is a really horrible idea

Buy when blood on the streets

Hold, not buy, at local highs

Sell at - itโ€™s complicated

For things with solid long-term potential
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$2 trillion in crypto now

Much of it very liquid

And yet

โ€œno one you know made money in cryptoโ€
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๐ŸšจYUGE ๐Ÿšจ

$SOL UP 25%
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Debate over why cozier climates have such underdeveloped societies is raging again.

As usual, all takes garbage, missing the bigger picture.

Consider a tale of two societies, more analogous than they may seem.

ANCIENT TRIBES

1. humans find themselves in a cozy climate with little threat from nature, easily conquer nature, so much that even the weakest can now dominate the top natural external predators, armed with their weapons and moats, nature is no match, at the group level. Little to no selective pressure from nature at the individual level

2. lacking any serious external threat, the best way to prosper switches from fighting nature to fighting each other, selective pressure shifts to a zero-sum game of whoeverโ€™s most willing to kill each other for no good reason at all

3. killing others becomes strongly selected for

4. iq, skills or inclinations for anything not applicable to quickly destroying fellow man, plummets

-vs-

BIG TECH OR BIG GOVT

1. a big tech firm obtains a strong monopoly on their cash cow, so much so that now even the dumbest can keep it running well enough, armed with their monopolizing weapons and moats, startups and other up-comers have no chance, at the group level. Little to no selective pressure from nature at the individual level.

2. lacking any serious external threat, the best way to prosper switches from fighting nature to instead fighting each other, selective pressure shifts to a zero-sum game of whoeverโ€™s most willing to get others fired for no good reason at all

3. getting others fired through passive aggressive office politics becomes strongly selected for

4. iq, skills or inclinations for anything not applicable to quickly destroying fellow man, plummets

= Direct analogs.

One involving the more masculine direct competition of literally killing each other.

Other of involving the more feminine approach of avoiding direct competition with the target and instead weaponizing third parties against them.

Both the unfortunate consequence of having it too good. No individual level selective pressure from nature, the group is practically invincible to natural external enemies, so suddenly the strongest selective pressure turns inward, destroy each other or be destroyed.

Both see a collapse in iq and skills and inclinations - for anything other than whatโ€™s applicable to quickly destroying fellow man.

In both cases, those who donโ€™t want to go down this path tend to self-filter themselves out, escaping to better-incentivized environments.

The selection pressures on big tech, big government, and all big monopolies โ€” are directly analogous โ€” to those of the most murderous, retarded tribes.

Coziness breeds zero-sum destructive parasites.
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Coziness breeds in-group fratricide.

Whether murder in cozy climates.

Or the backstabbing of everyone trying to get everyone else fired and cancelled inside of lazy monopolizing big institutions.

One murder, other firings.

One from lack of deadly harsh winters that kill the people, other from lack of any credible threat from competition that could quickly destroy the monopolies.

All comes down to directly analogous causes.

Coziness breeds in-group fratricide.
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competency crisis

these exist for the same general reason as sky-high in-group murder rates in tropical climates exist

lack of any external credible threat

whether lack of existential threat from harsh winters or lack of existential threat from competitors

lack of credible external threat turns attention inward, snakes flourish

competency crisis = coziness crisis
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24 people killed in Bangladesh after protesters set the 5-star Zabeer International Hotel in Jashore on fire.

The attackers were out after Shahin Chakladar, an MP of the toppled ruling party, the Awami League.
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