If you understand the incentives you can predict how humans will behave. Predicting how humans behave is the easiest way to make money. Or not lose money which is the same thing if you think about it.

Remember when all the meme coiners get mad when you say memes and NFTs are the same exact thing at a high level but now a bunch of big influencers are trying to add utility to meme coins.

I really don’t understand ansem’s theory that other meme coins should send supply to holders of his coin. If they were proper believers in his coin they would snap dump any coin they get sent and buy more ansem with the money. Which blows up the whole theory of his coin being an “index of memes”.

Pairing meme coins to tokenized stocks is pretty dumb ngl. Paying a buy and sell tax to then get sent the stock? Just buy the stock if you want the stock retard. Ponzi mfs need to get back in the lab and come up with something better. This is lazy af.

What if RH chain is like every other new chain over the last 2 years aka it doesn’t add any new users to crypto. People are making the assumption that because it’s RH, all their app users will begin using their chain….for meme coins? The biggest mistake everyone in crypto makes is assuming that because they personally like gambling in a very specific way (meme coins in this case) that means others will specifically like doing that too. This mistake is why crypto native people try pumping absolutely retarded shit that has no PMF like friend tech or fantasy top as examples. This mistake is why crypto is a waste land of failed ideas and apps. Maybe RH chain does add users. We will find out 6-12 months from now.

I think to cheer for Spain today you have to be either from Spain or a terrorist. When we witness all time greatness in sports you can’t help but cheer for them. Jordan. Gretzky. Bernie Kosar. Messi.

I don’t own any RH memes and currently have no plans to buy any but it seems quite obvious cash cat is goat and tendies is Fartcoin. Cash cat narrative is too convoluted and requires someone to be terminally on twitter to even know what it is. Tendies are tendies.

Cobie is the Michael Jordan of crypto. Some ppl are just born with that drive. Everyone in crypto wants to retire easily and young. And then what. What do you do every day. Read a book in a villa in Tahiti every day? Get 5 IG models on a yacht and get drunk? You’ll eventually get bored. Travel to every interesting country? Eventually you’ll just want to go home where ever that is. He’s passionate about crypto. He enjoys working in crypto. He wants to make a crypto a better place. Doing nothing or being able to do anything you want all the time will eventually bore certain people. What he’s doing is definitely stressful. Except some people like that. They like the challenge. They like the stress. There’s nothing wrong with being stressed. I used to walk into sales calls that would make or break my entire year. 1 meeting. Your financial gains for the year riding on it. Don’t f it up. It was awesome. I quit my job last year and now play poker 4x a week as a hobby and something to do regularly. I have kids so I can’t just pick up and travel the world till they are in college. I love poker because of the stress and the challenge. Every decision I make could cost me decent money if I’m wrong. Or make me decent money if I’m right. It’s great. Cobie giga made it and now he wants to make a difference in the whole sector. And that’s pretty awesome. And I get it.

RH chain does seem well positioned to bring some sort of retail interest back to crypto eventually. The eventually is just longer than ppl think probably. Which means a lot of ppl will chop themselves up on the new shiny thing in the short term imo.

I told my friends the same thing. When they list a major meme from another chain, it’s not their fault when it dies. However it’s a PR nightmare if they list memes on their own chain. Not sure there’s a world where it makes sense for them to list any meme on RH chain.

Choose to not play the game. If you can’t figure out how to play it for fun vs playing it for money, you’ll draw down big. It’s inevitable. It’s human nature. I’ve studied gambling psychology for 30 years. I’ve studied myself. I play poker 5x a week now. It’s controlled risk. I play table games twice a year in Vegas. For fun. Idc if I win or lose. You can’t beat table games long term. It’s just math. I’m not trying to win. I stopped playing them for large sums. I don’t leverage trade. I did once in March 2021. I lost. I knew I had no edge and moved on. I had my sports betting phase 20 years ago. Now I do fantasy football and World Cup parlays and nfl td parlays for small sums. I call it maintenance gambling. I had that mind set shift in 2012. Long before I made it. I didn’t play a table game or place a sports bet for 6 years. I played poker the whole time tho. And when I went back to sports and table games it was only just to dabble. Maintenance gambling. People who tweet $1M sports tickets are either fake or dumb and haven’t learned the lesson yet. To make a 1M bet you should have a nw of 250M or more. The people tweeting those tickets definitely do not have that. Every gambler hits a hot streak. That’s the allure. But over time the house always wins. Only put real money in things you have an edge. And very few people in the world have an edge in gambling. I certainly don’t and I’ve been doing it for decades.