Dovey "Rug the fiat" Wan (hiring)

Dovey "Rug the fiat" Wan (hiring)

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🇨🇳🇺🇸🇸🇬🇯🇵 Founder of @primitivecrypto Thesis: Long substance, short status; Long freedom, short coercion. @DoveyWanCN for 中文 @DoveyAgeX for max health

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Dovey "Rug the fiat" Wan (hiring)

Sanaenomics will align Japan and TW so much closer, and it's fast. With recent TSMC upgrading its Kumamoto plant from 6nm to 3nm, Jap already pledged ~ $5b on this plant and will invest more. I'm much more bullish in their speed of fab construction/time to production than the Arizona one in US

Dovey "Rug the fiat" Wan (hiring)

ByteDance dropped its text to (scripted) video model, it's contextually aware, high fidelity, packed with scripted hooks.. West models are physics simulators vs this one is legit AI director Compute constraints force optimization. The West has the chips. The East has the grit (and the data)

Dovey "Rug the fiat" Wan (hiring)

Been thinking what can be the contagion for past few days, agree with @EvgenyGaevoy on most pts here. Also the reason why "Deribit extended a special line of credit to 3AC" is bc 3AC was their biggest share holder. This cycle cexs/pbs are NOT lending credits to even highly reputable firms, crypto credits are drained. and the total loan book of Galaxy+FalconX+ PB combined is <2B, quite minimal.

Continue to be pretty skeptical about “somebody blew up” rumors or at least skeptical about mid/long term impact of it. Maybe somebody blew up but there are simply no spillover effects for us to care When 3AC blew up post terra everyone knew fairly soon because it spread via

Dovey "Rug the fiat" Wan (hiring)

Def a hard lesson I’ve learnt from a decade of investing in pumpamental-driven assets - tech stocks, crypto, consumer brands Human psy never changes. Cognitive biases are the innate system prompts in our brains. We trade our own collective delusions; the only diff is that some of them become self fulfilling

{CEG} MONTHLY CANDLE DUDE

@cryptoendgamer

“Confusing bull market for fundamental truth” - by principle I mean a lesson 😅 - but seems like it’s a random thought on the go. Cause if the statement is a lesson, was asking myself if this can be applied to markets in general but am overthinking 🥹

Dovey "Rug the fiat" Wan (hiring)

finally got time to take a look at the Moltbook stuff basically sub reddit simulator (if you are old enough to remember it) with hackers on the other side to fish your agent private key and ppi info thru your "agent", what a waste of token 🤷 ..

Dovey "Rug the fiat" Wan (hiring)

PoV from ai tooling maxi - Never use it stuff like Clawbot (or other ai tool with critical access) for high stake tasks, best mental model is to use it as a external contractor - The main cost is not mac mini but the token cost, swap Minimax for much better cost efficiency

Dovey "Rug the fiat" Wan (hiring)

The ultimate delusion in finance is confusing a bull market for a fundamental truth. When the ticker pumps, it’s "fundamentals." When the ticker dumps, it’s "i told you so" $PYPL back to its listing price after 10 yrs of fintech innovation

Dovey "Rug the fiat" Wan (hiring)

It's never wealthier ppl compounding **more**, it's wealthier ppl have much higher economic safety net and cushion (money as a mental stress buffer too), which leads to a higher degree of freedom of life & consistency of return ie: simply sit on structured prod or have access to high Sharpe fund allo like Millennium (14% since inception) will make the pod compound itself

Wealthier people are not compounding more--this is completely backwards. The less money you have, the easier it is to compound because most edges degrade with scale. Way easier to turn 1K -> 10K than 1M -> 10M.

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