It’s not cypherpunk LMAO. It’s pussy fucking centralized shit that doesn’t work, isn’t secure, and can barely fill a fucking order for the one entity still using you: thieves and money launderers. Build something useful for people or, yes, fucking fail. But don’t you dare be a fucking bitch and say it’s cypherpunk It’s not.

Hopefully $BP finally exits accumulation and moons: Thesis: if meme/tokenized stock narrative migrates to Solana, Backpack benefits as stock tokenization platform. More issuance -> more arb opportunities -> more users to BP ->higher fees -> etc etc BP has no rev share but still a fun play to look.

This is easiest crypto bull market ever IF the high rev token meta continues. You don't need to chase every narrative or even read much of CT. Just open DefiLlama, Blockworks etc. and find projects with: 1. High and growing revenue 2. Revenue actually reaching token holders through payouts or buybacks 3. Low market cap relative to that holder revenue and don't forget about emissions and unlocks too. Then buy and hold. Simple. Sell when the valuation gets too far ahead of realistic future revenue, or the thesis (protocol) breaks. And you can ask your AI agent to run this due diligence weekly. Ok, maybe the harder part is estimating future fees. But if you believe BTC will continue to pump, more speculation WILL lead to more trading volumes and fees. So we need to add forward looking valuations which could make tokens relatively cheaper for future fees. $HYPE, $LIT, $PUMP etc. look like very simple trades in retrospect. So now we need to find newer emerging protocols with high rev but that are undervalued by the market. Finally, AI agents could keep recommending the same few tokens to all of us. Thus concentrating 1) attention and 2) money into assets that fit the criteria and helping them pump further. Simplest meta ever. Right?

Interesting how irrelevant Binance has become to the crypto trenches. None of the major runners are listed on Binance and all price discovery happens onchain. And perp dexes taking their perp volumes too. Plus, tokenized stock meta requires licenses and regulations that Binance lacks so their regulatory arbitrage isn’t paying off in this meta. CEXs are mostly good for fiat onramp/offramp. But even for this Binance isn’t an option in the US and the EU.

One of the things I have changed my mind on this cycle is that meme coin trading is a fad or short lived phenomena. It's not. I thought it was a solved game, but the variance due to internet culture seems to keep the game going, alongside the addictive nature of gambling. I am actually not a fan of gambling, and have a close family member who suffers from this addiction, but I accept that millions of people want to/need to gamble for various reasons: entertainment, desire to elevate one's station, desperation, boredom etc. The lottery has atrocious odds, but it is the gambling game that the majority of the world have played for almost the last 100 hundred years. If you add up the combined sum a regular person has lost in their life playing the lottery is significant. It is kind of like a tax on poor people. The internet + blockchains have enabled digital slot machines/lottery games in the form of infinite token creation. The dopamine hits that come with this form of gambling are the strongest of any gambling game imo. No matter how much you hate this it is simply not going away. You now have many ways to invest in the underlying infrastructure related to this form of internet gambling. Last cycle the cleanest proxy was SOL. This time around you have launchpads with differing mechanisms that allow the game to be played in different ways. Some are more aligned with their holders than others, but all are seeing rising interest and adoption metrics. Other opportunities remain in the private markets like FOMO, but they possibly may airdrop one day who knows. The activity will ebb and flow with manic peaks and big lows as the the flows are carried by speculation seen in other areas of the market, becoming more liquid as wealth trickles into onchain gambling. Again, hating on this is futile. You are better off ignoring it if it bothers you. Gambling is big business in the real world, and there are extremely profitable businesses in that sector. Everyone loses on slot machines in Vegas, and yet the people keep coming back to play them with the hope of hitting it big one day. There is a lot of total bullshit happening with KOLs, and bundling etc. I am not condoning that at all. And I steer away from that completely, and encourage you to do so as well. Redacted people are going to do redacted things even though they actually know they are being robbed and scammed. You can't stop this. You don't have to speculate on a single individual memecoin coin, and I actually don't think it is +EV to do so. But it's clear there are going to be giant onchain internet gambling infra winners here, and you can capture that opportunity if you want to.

Hopefully $BP finally exits accumulation and moons: Thesis: if meme/tokenized stock narrative migrates to Solana, Backpack benefits as stock tokenization platform. More issuance -> more arb opportunities -> more users to BP ->higher fees -> etc etc BP has no rev share but still a fun play to look.