FWIW, the $XRP memecoin that some big influencers were shilling last week

— is about in the same place it was last week, despite the recent surge in the underlying $XRP

hmm

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Very a bad idea to short the #1 most technically illegitimate thing you can find

— Even if you’re totally right about it being technically illigitimate,

and even if technical legitimacy USUALLY is a predictive factor

Why?

= BEING #1 AT ANYTHING IS ALWAYS A SPECIAL PLACE, in markets

Even if that’s being the #1 biggest larp — there are buyers who will buy it for that reason alone

— AND THIS IS FUNDAMENTALLY WHAT SEPARATES MARKETS WAY FROM LEFTY CONSENSUS WAY:

== MARKET WAY ==

✅ Permissionless on downside — Detractors are irrelevant, NO RICH DUDE CAN DIRECTLY PUSH YOUR PRICE DOWN (and no retards, shorting does not directly push the price down), unbounded possible different measures of merit

✅ Permissionless on upside — Supporters are all that matters, ANY RICH DUDE CAN DIRECTLY PUSH THE PRICE UP = doesn’t matter how many haters or how strongly they hate, as long as there are ANY big believers. Power-law distribution of resources means your supporters can be in the extreme minority and your price can still be pushed to the moon, unbounded possible different measures of merit

== LEFTY CONSENSUS WAY ==

❌ Permissioned downside — ANY VETOS IN THE CONSENSUS HAVE A DIRECT NEGATIVE IMPACT, Often only ONE measure of merit

❌ Permissioned upside — MUST GET CONSENSUS APPROVAL, NOT JUST ANY PERSON WITH THE MONEY CAN PUSH THE PRICE TO THE MOON, NO MATTER HOW RIGHT THEY ARE IN REALITY, Often must pass some ONE measure of merit

= Many wrongly have a commie consensus vision of what real markets are, when really they are the extreme opposite, in the key areas that matter most

Consequence of this is that it doesn’t matter how horrible something is in one area

— All that matters is if it is great in ANY area, that ANYONE might consider great

Beware ever shorting the #1 in anything, even if it’s #1 fake larp

ANYONE & ANY MEASURE OF MERIT —VS— CONSENSUS & SINGLE MEASURE OF MERIT

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Total collapse of irl socializing

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$99k $BTC forever

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By “stuck” they mean $XRP’s historical habit of crashing hard down 90%+ in a very short time,

and not recovering to those highs again until years later

History loves to repeat

Will it?

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Apparently the highest-agency thing OpenAI could think of, to hop on the agentic AI trend

— Is scheduled running of prompts

By itself… pretty weak, much like their prompt app store that flopped

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14% odds on $XRP national reserve

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