Damus

Recent Notes

The Marie ⚡️🦂 · 1d
Yeah, nah! I just wanted to see how it was set out 😂
ethfi · 1d
Great shot!
The Marie ⚡️🦂 · 1d
Me too! However they made him shut it down there and then so I didn’t even get a chance to look at it!
note1qqqqk...
Nic profile picture
Treasury companies are kinda showing how there’s no real need to buy crypto shitcoins just to earn staking yield.

Ethereum offers roughly 3%, Solana 5 to 7%, XRP around 5%, and ADA about 4% in staking yield, all while taking on massive volatility risk and all the other risks that come with the shitcoin casino.

The staking yield is backed by the token, and the token’s value is basically justified by the yield.

Meanwhile, treasury companies are keeping their yield stock product relatively stable with it backed by Bitcoin, they give dollar yields instead of crypto tokens, and they are directly connected to people's bank accounts which elimites the risk of having to use off ramps.

It's funny because Web3 was built on the idea of replacing the traditional financial system. Now a lot of these crypto projects are tokenizing on top of STRC to boost yield because their native tokens are effectively on life support, just because treasury companies are eating their lunch.

The best shitcoin is the dollar. The best money is Bitcoin. Treasury companies give people a high yield of the best shitcoin in the world, by leveraging the best money in the world on their balance sheet.

So when I say they'll blow up, it's because all the liquidity will get sucked out and go toward STRC and the other yield products.
1
gojiberra · 1d
that's a cool explanation for how STRC is sucking energy out of the shitcoins. one thing that worries me: those crypto projects that are tokenizing STRC, is that on a shitcoin ? so will AI attacks or the underlying shitcoin going to zero also affect the tokenized asset?
falsefaucet · 4d
https://media1.tenor.com/m/KfL05fPVK-4AAAAC/war-vietnam.gif what a crazy game
CarteBlanche · 4d
People walk out of their $2.6M homes and have to step over junkies with needles hanging out of their arms to get to their cars in LA. It’s fucked. I live in the desert to avoid all that shit.
note1vud6c...
Nic profile picture
Vancouver is definitely the worst place in Canada, but I don't think it's as bad as California.

Then again, Vancouver is a city and California is a state. Maybe it is the worst city for homelessness?

I'm not sure tbh.