ALPHAS FOR #BUIDLING IN CRYPTO

As a writer, investor and buidlers in crypto for roughly 5 years, i think I have learnt many lessons in diversified types of crypto teams in diversified market statuses

- How crazy a contemporary financial trend could be

- What is it like to try to raise funds in the long winter - how desperate it could be

- What is it like to bootstrap 100% your team resources to build a product but then the product trend goes into another direction

- How fruitful the result could be if you plant the solid seeds in the long winter, patiently stick to your guns and keep doing/investing with the high-conviction spirit

- How to spend money ineffectively when your team is rich and has a relatively large treasury (compared to many others) even in the winter

- How easily to build a real product with real user-based and make money by surfing the crazy trends (much easier if you do the same thing in non-crypto world)

- How to become an ordinary ventures capital when everyone has money and becomes their own so-called ventures capital

- What is it like to try to become a solid ventures by focusing on solid researching, making solid content, and being surrounded by solid & serious & long-sighted buidlers

- What is it like to grow high public exposure for a project from scratch in the bull and raise million dollars

- What is it like to run a funded company (but not a lot) in the market that is so saturated

- What is it like to try to grow your personal brand without sharing no-brainer investment opportunities (ditch it completely)

Wow there's a lot to say 😅

Web3 Social is really taking off. Lens is in the radar of many. I found a gem ventures capital named Chapter One (Co-Founder of Rari Capital joins the ventures as a ventures partner)

Yash, the Head of Chapter One, managed to write a good thread on Lens. Check it out:

https://twitter.com/yb_effect/status/1535322631573884928

Let's see if I get liquidated. Strongly believe that I won't

Back to the basic, the fresh, and the legends

Để giữ vững niềm tin, đừng quên lý do chúng ta đã bắt đầu, những gì đã xúc tác và tạo nên ngành công nghiệp mới mẻ chúng ta đang ở trong.

Trở về với những thứ cơ bản nhưng là tinh tuý nhất là cách để bạn nuôi dưỡng niềm tin.

Bitcoin Whitepaper: http://bitcoin.org/bitcoin.pdf

Ethereum Whitepaper: http://ethereum.org/en/whitepaper

Why Decentralization Matters: https://cdixon.org/2018/02/18/why-decentralization-matters/

Web3/Crypto: Why Bother?: https://continuations.com/post/671863718643105792/web3crypto-why-bother

Placeholder's investment thesis: https://ipfs.io/ipfs/QmZL4eT1gxnE168Pmw3KyejW6fUfMNzMgeKMgcWJUfYGRj/Placeholder%20Thesis%20Summary.pdf

The case for a small allocation to Bitcoin: https://www.kanaandkatana.com/valuation-depot-contents/2019/4/11/the-case-for-a-small-allocation-to-bitcoin?utm_source=pocket_mylist

The Quiet Master of Cryptocurrency: https://tim.blog/2017/06/04/nick-szabo/

An (Institutional) Investor’s Take on Cryptoassets: https://s3.eu-west-2.amazonaws.com/john-pfeffer/An+Investor%27s+Take+on+Cryptoassets+v6.pdf

Beyond the Bitcoin Bubble: https://web.archive.org/web/20220613230645/https://www.nytimes.com/2018/01/16/magazine/beyond-the-bitcoin-bubble.html

Tweet gốc từ Jason Yanowitz từ Block Works: https://twitter.com/JasonYanowitz/status/1536488408926797826

Hmm things are getting worse. Thread by Cumberland

https://twitter.com/CumberlandSays/status/1536714435091480577

3AC lên Bankless shill ETH lên $25K mùa hè năm ngoái rồi đến mùa L1 shill AVAX và chê Ethereum đã bỏ rơi users, rồi dump ETH vào retail

https://twitter.com/davesaidthat_/status/1536868175119278083

deploying more capital. steady lads 😂

Phốt 3AC lấy $1M của khách hàng

Danny đã quen 3AC từ 2018. Từ tháng 11/2020, 2 bên ký thoả thuận bên này sẽ trả phí để sử dụng các tài khoản trading đứng tên 3AC. Thoả thuân ghi rõ, bên Danny có thể rút tiền bất cứ khi nào họ muốn.

Vào 12/6, khi thị trường giảm và bên Danny cần bơm giáp vào sàn khác thì team 3AC cho rút bình thường. Vào 13/6, thị trường giảm tiếp, bên Danny yêu cầu rút số tiền to hơn thì không nhận được trả lời. 24h gần nhất, bên Danny thấy $1M bị rút ra khỏi tài khoản. Nhắn cho Kyle Davies (co founder 3AC) và team 3AC nhưng không nhận trả lời. Gọi điện cũng không nghe dù đang online

https://twitter.com/Danny8BC/status/1537224378554806272?t=Oq3EjPaX_zZ34KMy4wfFwA&s=09

Yes the bear could be more brutal 'cause we haven't seen the unprecedented combination of bad macro conditions like this but I also believe it won't last long. Crypto fundamentals is strong as never before. There's always bull market somewhere, could be in users or traction growths

- More brutal
- Things will be back soon

https://twitter.com/alee/status/1537113372616822786

sETH (synths ETH on Synthetix)

Steady lads

https://twitter.com/CurveFinance/status/1537529629749268483

Founder của Messari Crypto lên tiếng về tình trạng của 3AC

- Nợ lúc này lên đến $1B - $1.5B
- Founders lặn mất tăm, cả team cũng không tìm thấy
- Quỹ bạn là DeFiance Capital có vẻ cũng đã bị chơi khăm

https://twitter.com/twobitidiot/status/1537664249744465920?s=21&t=g3nF9nj2tdS0oFjlWXVFaQ

Thực sự, lần đầu chứng kiến một thời kỳ bất ổn như thế này sau năm. Generational bottm is coming

The more you are being pulled down in the bear, the higher the destinations you should aim for in the bull. More lessons recorded, conviction reinforced. You would be surprised by how many smart, talented people by whom you are able to be surrounded

I don't expect Kain's prediction 10 days ago could turn to be a real thing that quickly. Single day fee captured on Synthetix is about to flip Bitcoin's. As of June 18, the gap is only 0.12% difference according to cryptofees's data. Check out my thread:

https://twitter.com/hanjaycrypto/status/1538440756138061827

Both start with B that could make us misread them sometimes. My bad.

Single day fees captured on Synthetix clearly flips Bitcoin's now (and about to flip BSC's). Result is far better than we thought. Other info in the thread is fine

Optimism summer

Single day fees trên Synthetix đã vượt $1M. Hôm qua khi mình update tweet này con số mới là $600K (https://twitter.com/hanjaycrypto/status/1538440756138061827)

Money printing machine!

Lý do cho sự tăng trưởng này đến từ các protocol 'trong hệ sinh thái' Synthetix (có quan hệ mật thiết bởi fee charged trên các protocol được phân chia lại dưới dạng sUSD cho $SNX stakers)

- Atomic Swap trao đổi giữa các Synthetix assets trên 1inch và Curve Finance

- Các sản phẩm futures trên Optimism bao gồm Kwenta, Lyra và Polynomial

Nếu có Optimism summer, đó là Synthetix summer

Didn't get liquidated whatsoever after a freaking red week. In contrast, the loan is collateralized well. Say, topping up to $37K?

OG DeFi protocols are really taking off. Besides Synthetix, which surpassed $1M in single day fees captured today, Aave 's single day fees is about to hit the same threshold. $900K already.

https://twitter.com/hanjaycrypto/status/1538983704218976257/photo/1

Do get your handles on Lens before it goes mainstream. It's a how-to thread

https://twitter.com/OlimpioCrypto/status/1533846660778020864