Papertrade advertises zero fees. I went through the numbers on a simple trade and that isn't what I found. Say you go long Bitcoin at $80,000 with $1,000 of margin at 1000x. Your position is worth $1M, or 12.5 Bitcoin. Each $1 move in Bitcoin is $12.50 to you. Your $1,000 covers an $80 drop, so your margin runs out at $79,920. Papertrade liquidates you at about $79,960. That is a $40 drop. At that point you have lost $500 on paper, but they keep the full $1,000. On the winning side, say Bitcoin goes up $50 to $80,050. Your profit on 12.5 Bitcoin is $625. Papertrade pays you $406, which is 35% less. Here is what they pay at different move sizes: A $25 move earns $312 and pays $157. That is a 50% cut. A $50 move earns $625 and pays $406. That is a 35% cut. A $100 move earns $1,250 and pays $940. That is a 25% cut. A $200 move earns $2,500 and pays $2,032. That is a 19% cut. A $500 move earns $6,250 and pays $5,333. That is a 15% cut. A $1,000 move earns $12,500 and pays $10,843. That is a 13% cut. The cut gets smaller as the move gets bigger, but it never goes away. At 1000x most trades end on small moves, because Bitcoin moves $40 or $50 all the time. Small moves are where the cut is largest. Putting the two sides together, a $40 drop costs you $1,000 and a $50 rise pays you $406. To break even on those terms you need to be right about 71% of the time. For comparison, Hyperliquid would charge roughly $900 in taker fees to open and close a $1M position. That fee is stated up front. Your margin also runs all the way to zero before you are liquidated. On Papertrade the cost comes from the early liquidation and the reduced payouts on wins. Each one shows up in the price you get rather than as a fee. Combined with 1000x leverage, it puts the odds well against the trader.

Crystal Palace have no immediate plans to change their manager - but Pierre Sage is under increasing pressure following their 5-0 thrashing at Brighton on Sunday ⚽️

Idk how yall do those 9-5’s like fr fr Thank you Pumpfun app for my dinner tonight

Space got rugged for the second time today. Idk what the heck is going on. Anyone else having this problem? 🧐

I love humanoids but it’s awesome to see the step change evolution of the robot arm from essentially a 1970s PC to something you can now vibe code Programmable robots -> instructable robots

2/ In Feb 2025, shortly after the $1.5B Bybit exploit attributed to the DPRK-linked group 'TraderTraitor', I observed a pattern of 15+ accounts asking for help with orders directly tied to stolen funds in public groups on Telegram and Discord. Last week I shared how illicit actors laundering DPRK funds from the Sep 2026 $387M Bitget exploit were openly creating support tickets for orders in public groups. x.com/zachxbt/status/2104528…

Cold days.. 😊

it is absolutely insane what elon has done for humanity it actually makes no sense electric, self-driving, flying cars -- openai, reusable spaceships, planetary expansion, new internet network that decides wars, paypal, x, solar, neuralink, hyperloop brother how???

Here's my conversation with @DHH. He is back for round 2! It was an epic fun 5 hour conversation about the future of programming, AI, Linux, and human civilization. It's here on X in full and is up everywhere else (see comment). Timestamps: 0:00 - Episode highlight 1:27 - Introduction 2:56 - Programming with AI agents 18:14 - How software will change 27:30 - AI impact on open source 37:21 - Building Omarchy Linux distro 47:05 - Vibe coding vs agentic engineering 1:00:06 - The end of manual programming 1:10:24 - Advice for programmers 1:22:30 - Surviving Internet Hate 1:31:46 - Programming setup for AI Agents 1:44:11 - Obsessing about speed 2:07:06 - Voice prompting vs typing 2:21:05 - Best AI coding models 2:37:55 - Best AI coding harnesses 2:50:57 - AI video generation and filmmaking 3:10:28 - Fatherhood 3:38:35 - Linux will win the desktop 3:49:51 - PewDiePie 3:59:24 - Future of programming 4:22:17 - Politics and immigration 4:53:54 - Longevity, over-optimization, and fear of death 5:05:38 - Eternal recurrence and future of human civization

Built for payments. Routed through @Mayan. $300M+ in stablecoins across 495K+ transactions.

Here's the links for my conversation with Andrew Scull: YouTube: youtube.com/watch?v=s7d2d8Fh… Spotify: open.spotify.com/show/2MAi0B… Podcast: lexfridman.com/podcast

I lost $1,200 on FTX. That tuition taught me platform access is not ownership.

11 years of Ethereum 🥳

Looking forward to our time together later this morning. Currently on my daily 20 yard walk

🇦🇷

Cannot tell if I have acquired a conference plague or if lungs irreparably damaged by the awful air quality experienced the last week in singapore

O número muda. A pergunta continua. 📈 Separe o que você vê do que você supõe. O primeiro passo é o Fundamentos do Mercado. 👉 tinyurl.com/brain-ebook #BrainTradeMove2 #Forex #MercadoFinanceiro #Trading

O número sobe. A pergunta é se você entende. 📲 Separe o que a tela mostra do que você acha. O eBook Fundamentos do Mercado é o começo. 👉 tinyurl.com/brain-ebook #BrainTradeMove2 #Investimentos #MercadoFinanceiro #EducaçãoFinanceira

Caliphs of all Muslim Umah

Gm friends