VIKTOR(@thedefivillain):The first rule of scam coins is that *anything* can happen Their return distributions have MUCH fatter tails than those of organic coins This matters because an unlevered spot long can 'only' lose 100%, while the upside has no hard ceiling With similarly higher odds of extreme moves in either direction, the upside outcomes can add far more to expected returns than the downside outcomes subtract It sounds silly but I believe that's what makes the EV positive and why you should be skewed long on scam coins (we have a history of enough upside silliness to justify being exposed)

2026.10.27 10:57

The first rule of scam coins is that *anything* can happen Their return distributions have MUCH fatter tails than those of organic coins This matters because an unlevered spot long can 'only' lose 100%, while the upside has no hard ceiling With similarly higher odds of extreme moves in either direction, the upside outcomes can add far more to expected returns than the downside outcomes subtract It sounds silly but I believe that's what makes the EV positive and why you should be skewed long on scam coins (we have a history of enough upside silliness to justify being exposed)