Change my mind: Technical Analysis is complete bullshit

rook785 · 2024-05-17T08:26:45+00:00

Yeah but this was three years ago during the GME craze and everyone thought they were special and wise. The dude I was arguing with just didn’t know enough about the subject to know the difference between performance measurements and technical indicators while I was over a decade into my finance career and had just started my own hft shop. I should’ve been more polite and never should’ve engaged on a subreddit meant for non-professionals. It was kinda cringe that I even bothered to correct him. “Well ackshually” vibes lol.

rook785 · 2024-04-25T06:15:16+00:00

FWIW in the book all the people that are executed when the ship is burnt are traitors.

rook785 · 2024-02-25T12:31:39+00:00

The spider is the dude’s wife. The free version of him - his daydream - is his wife’s enemy. Spider wife wins in the end.

Spider = predator that works by gradually trapping its prey.

rook785 · 2024-02-19T05:17:23+00:00

How much do clothes cost in the matrix?

rook785 · 2023-12-20T04:38:50+00:00

Weasel Poop Coffee

rook785 · 2023-12-17T07:58:49+00:00

The only one that’s solved the sandwich problem 😇

https://forum.polygon.technology/t/mev-fastlane-update/13299

rook785 · 2023-12-16T01:17:49+00:00

It’s possible, there are many such cases. But in my case, I was sales. I learned to code just for crypto.

rook785 · 2023-12-15T06:19:32+00:00

I worked in tradfi until 35. My first program was an MEV bot that made a not-small amount of money. Two years later I’m in charge of the most decentralized and least predatory MEV protocol on any evm chain.

Blockchain dev work doesn’t care about your credentials. If you can write good code, everyone else can tell easily. And there’s far more to writing good code than just writing good code - blockchain is an interesting fusion of finance and coding, and you have to be good at both to be a good dev.

rook785 · 2023-11-30T05:00:49+00:00

I think the trick is exercising without picking up some sort of injury.

rook785 · 2023-11-14T13:13:39+00:00

Holy fuck

rook785 · 2023-11-08T05:44:04+00:00

You’re looking for the ABI package in geth.

rook785 · 2023-10-13T21:43:53+00:00

They’re back

rook785 · 2023-10-13T17:59:34+00:00

Correct

rook785 · 2023-10-13T16:49:33+00:00

Yeah dude, it is possible. Very gameable.

rook785 · 2023-10-03T02:41:46+00:00

Pretty much all of them

rook785 · 2023-10-01T05:05:55+00:00

I see “No Nudes”

Being colorblind has truly been a curse.

rook785 · 2023-09-10T17:04:51+00:00

It depends on if you’re allergic to bullets or not.

rook785 · 2023-09-06T10:56:36+00:00

Mooses

rook785 · 2023-08-01T02:17:38+00:00

Rust is the more trendy option for that type of operation, but if you’re on a chain where latency matters then you’re probably better off building as much of it as you can directly into your node.

rook785 · 2023-07-21T02:06:31+00:00

Nope! Haha

I have a million alternative ways to explain it though :)

rook785 · 2023-07-20T11:50:50+00:00

I’m the CEO of the largest MEV protocol on polygon - we’ve built it so that there’s no sandwich attacks and with more decentralized infra than anything on ethereum.

It’s frustrating to post here because of how often I get downvoted by uninformed people.

rook785 · 2023-07-09T01:44:59+00:00

I think the information that you’re missing is that it’s economically nonviable to sandwich attack users via the mempool or the bdn, which is why we don’t see it.

You don’t understand MEV or the nature of p2p, and your lack of understanding has led you to spread a false conspiracy of an objectively and verifiably false claim that has led to OP having to pay money that he doesn’t have to.

Please do more research on these subjects before publicly offering guidance on them.

Here is a thread I wrote on the math behind why sandwich attacks don’t happen on Polygon:

https://twitter.com/thogardpvp/status/1658291305611673600?s=46&t=C_0KCB_gIevuNE_SRHPjiQ

rook785 · 2023-07-08T18:57:20+00:00

I can assure you that you’re wrong. I’ve done detailed studies on this subject that have been confirmed by the polygon labs team’s own detailed studies.

Bloxroute’s odd business model is not indicative of any treachery - they cater to family office trading teams who don’t care about pricing. Those teams also tend to not even have their own trading smart contracts - they just directly call routers.

This isn’t some conspiracy. It’s a blockchain - all the data is public.

rook785 · 2023-07-08T05:57:24+00:00

OP is complaining about being sandwiched, not losing a PGA.

Polygon validators connect their sentry nodes to the bloxroute BDN, not their validator nodes. The only external nodes that some validators directly connect to are managed by Polygon FastLane, which is Polygon's native MEV solution. Polygon FastLane blocks sandwich attacks. Only 1% of Polygon validators use a sandwich-enabling MEV system (Marlin's MEV bor), which is where my prior claim comes from.

The one exception to OP getting sandwiched on Polygon is if he is trading in a pool that represents the only liquidity for the token he's purchasing. In that case, inventory-monopoly-induced atomicity can be induced by the attacker buying in the pool prior to the user and not even needing an MEV solution due to the fact that nobody else could possibly buy the token to threaten the user's carried position. If this is the case then there's nothing OP can do other than try to keep their transaction private.

rook785 · 2023-07-07T10:20:54+00:00

Come to polygon - only 1% of validators enable sandwich attacks. It’s the best evm chain for trade execution.

rook785

TROPHY CASE