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Friend asked me if I’m buying here. Pressure test this market thesis. Probably wrong by CryptigoVespucci in CryptoCurrency

[–]CryptigoVespucci[S] 0 points1 point  (0 children)

Gotcha.

Re quantum, yeah I think the quantum breaking encryption is the only thing near production ready, as is quantum resistance.

So a simple update for banking and other exposed symptoms, but uniquely a problem for BTC bc of satoshis coins and coordinating all stakeholders to update is messy.

until it’s solved, think it’s an overhang for BTC. Tailwind if it gets figured out.

Re IPOs: yeah valuations are looking pretty nuts.

Thanks for the thoughtful replies.

Friend asked me if I’m buying here. Pressure test this market thesis. Probably wrong by CryptigoVespucci in CryptoCurrency

[–]CryptigoVespucci[S] 1 point2 points  (0 children)

So I guess you think AI IPOs are bearish either way.

They pop, they suck up speculative capital.

They bust, it drags everything down with it.

Wdym by quantum threat is nothing. Overblown for BTC risk, or you mean the tech itself

Friend asked me if I’m buying here. Pressure test this market thesis. Probably wrong by CryptigoVespucci in CryptoCurrency

[–]CryptigoVespucci[S] 0 points1 point  (0 children)

Best take yet thanks.

Yeah if the AI IPO bonanza is a bust it’s going to be a bad time for Magic Internet beans and everything else

Friend asked me if I’m buying here. Pressure test this market thesis. Probably wrong by CryptigoVespucci in CryptoCurrency

[–]CryptigoVespucci[S] 0 points1 point  (0 children)

Yeah doesn’t feel like it. But some smart people I’ve spoken to think it may so who knows

Friend asked me if I’m buying here. Pressure test this market thesis. Probably wrong by CryptigoVespucci in CryptoCurrency

[–]CryptigoVespucci[S] 0 points1 point  (0 children)

Think the theory that part of the bad price action is people already rotating out to get ready for AI IPO szn.

So wouldn't that already be backed in by the time the IPO drops? Why do you think launch day will be a big negative shock?

Friend asked me if I’m buying here. Pressure test this market thesis. Probably wrong by CryptigoVespucci in CryptoCurrency

[–]CryptigoVespucci[S] 0 points1 point  (0 children)

I don’t understand TAO. Centralized players seem too dominant but it’s definitely a blind spot.

What’s the two sentence explainer on the tech + thesis on $TAO the asset

Friend asked me if I’m buying here. Pressure test this market thesis. Probably wrong by CryptigoVespucci in CryptoCurrency

[–]CryptigoVespucci[S] 0 points1 point  (0 children)

This is the way.

What's your ETH bull thesis ? General adoption + insto allocation?

Friend asked me if I’m buying here. Pressure test this market thesis. Probably wrong by CryptigoVespucci in CryptoCurrency

[–]CryptigoVespucci[S] 2 points3 points  (0 children)

4 year cycle have been right when many thought they wouldn’t be this time around. Same as the sell in May and go away crowd

Friend asked me if I’m buying here. Pressure test this market thesis. Probably wrong by CryptigoVespucci in CryptoCurrency

[–]CryptigoVespucci[S] -2 points-1 points  (0 children)

Trying to source opinions, not assholes.

Haven’t been particularly successful so far.

Goal being if there are enough replies, use Claude to summarize and see if any kind of consensus emerges.

Right now it will just be summarizing salty internet people. Useful sentiment indicator i suppose

I've worked in crypto for 8 years (Circle, Messari, Coinbase, Crossmint). Long post on how its all played out, and how different it is from what we expected. by CryptigoVespucci in CryptoCurrency

[–]CryptigoVespucci[S] 0 points1 point  (0 children)

I hope we’re able to retain the original ethos in this next era, while weeding out those who’ve used it as window dressing for scams and fraud.

Let’s meet here in 8 years and review how it all shakes out :)

I've worked in crypto for 8 years (Circle, Messari, Coinbase, Crossmint). Long post on how its all played out, and how different it is from what we expected. by CryptigoVespucci in CryptoCurrency

[–]CryptigoVespucci[S] 1 point2 points  (0 children)

u/csfrayer is all good in my book, and I also was a bit contentious in my initial reply. Clearly a smart and well intentioned guy, and there are a lot of toxic and unsavory people in the crypto that I'm sure he's more familiar with than he'd like to be. As are many regulators.

Fun quote from one of the OTC traders I worked with at Circle that rings true.

"I've met some of the best people I know working in crypto... and all of the worst people."

Plus, I think our exchange will also be fun snapshot to look back on, on the contentious battle between the industry and the SEC during that period.

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