asymmetric bets / no investment advice
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I could spend all day now screaming “I knew it!“ to various people - but it‘s not worth the time. Stay humble. Good times ahead for #XRP.
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TplusZero retweeted
Great to have @nbougalis back home at @RippleXDev.
Nik has a long history with XRP Ledger and helped shape much of the foundation we’re building on today with @JoelKatz. Having him back with the team as we tackle the next set of hard technical problems feels pretty special.
Let's build! 🚀
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The current state of $Mirror, @desoprotocol and @nadertheory:
Realize that this founder will never deliver anything beyond initial hype. Realize you cannot exit. Realize that the only hope is to comply and help find new innocent fools in order to exit.
cc: @a16zcrypto @sequoia @arrington @coinbase @blockchain @winklevosscap @TQVentures
To everyone who thinks about supporting $Mirror, consider the following facts:
- Nader raised a treasury worth >$150M (now spread across trusts that benefit him and his family) from supporters to create DESO, a (not so) decentralized social network. He made promises he never delivered on. He got sued by both SEC and DOJ. He stopped providing regular updates and support for the community, even after the settlement. He “revealed” that he worked the last two years on Mirror, with funds raised in order to build out DESO. The next lawsuit is lining up because of this. And even if one thinks that this is legal.. what’s the need to raise new funds from “new blood” (his own words) when you’re sitting on $150M+ ?
- maybe just do your due diligence and have a word with supporters from DESO/ Focus and see what they say after getting to know Nader for the past few years. For some of them you might be their last hope to get some exit liquidity. But the majority is at a point where they just do not want to support this cash grab any longer.. even if it is harming them financially.
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TplusZero retweeted
Indeed think about the character and business ethics displayed in the past and the treatment of previous community...... Make you own decision but do your own research 😪.
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Definitely not. This has nothing to do with patience. It has to do with broken promises, lies and taking advantage of good intentioned people. DESO is not an investment case anymore. The sooner you realize this, the better. And doing the right thing now means helping to prevent even more people getting burned.
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TplusZero retweeted
Hope is not a strategy. When I remember correctly, the last time Nader lied to you @desocialworld was hardly 48 hours ago? When he said that he spoke to some of the biggest validators to reduce staking APY from 20% to 4%.. while in reality 7 of the 10 biggest validators confirmed he never reached out to them, nor would they want to support the proposal? Anyway.. proposal went through right away.. because DESO is so decentralized 👌🏻
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TplusZero retweeted
So you basically used the money from the DeSo sale to fund your new project after millions of promises and nothing really delivered, and now you’re planning to raise again?
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TplusZero retweeted
You are saying this since 3 years. While Nader decimated your investment by ~99% from peak, he’s enjoying a sweet $150M+ treasury for him and his family and not even thinking about using the funds for what they were promised for. Grow some spine.
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TplusZero retweeted
Best thing: it’s a seed at $2 BILLION fully diluted. Probably one of the worst risk/ rewards in the entire space right now.
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TplusZero retweeted
To everyone who thinks about supporting $Mirror, consider the following facts:
- Nader raised a treasury worth >$150M (now spread across trusts that benefit him and his family) from supporters to create DESO, a (not so) decentralized social network. He made promises he never delivered on. He got sued by both SEC and DOJ. He stopped providing regular updates and support for the community, even after the settlement. He “revealed” that he worked the last two years on Mirror, with funds raised in order to build out DESO. The next lawsuit is lining up because of this. And even if one thinks that this is legal.. what’s the need to raise new funds from “new blood” (his own words) when you’re sitting on $150M+ ?
- maybe just do your due diligence and have a word with supporters from DESO/ Focus and see what they say after getting to know Nader for the past few years. For some of them you might be their last hope to get some exit liquidity. But the majority is at a point where they just do not want to support this cash grab any longer.. even if it is harming them financially.
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TplusZero retweeted
…yea, good luck with doing a seed at $2B fully diluted… to find someone who bails out the DESO bagholders 🍀
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To everyone who thinks about supporting $Mirror, consider the following facts:
- Nader raised a treasury worth >$150M (now spread across trusts that benefit him and his family) from supporters to create DESO, a (not so) decentralized social network. He made promises he never delivered on. He got sued by both SEC and DOJ. He stopped providing regular updates and support for the community, even after the settlement. He “revealed” that he worked the last two years on Mirror, with funds raised in order to build out DESO. The next lawsuit is lining up because of this. And even if one thinks that this is legal.. what’s the need to raise new funds from “new blood” (his own words) when you’re sitting on $150M+ ?
- maybe just do your due diligence and have a word with supporters from DESO/ Focus and see what they say after getting to know Nader for the past few years. For some of them you might be their last hope to get some exit liquidity. But the majority is at a point where they just do not want to support this cash grab any longer.. even if it is harming them financially.
What if you could long or short any seed-stage startup, with leverage?
Today I'm excited to announce my next chapter: A new kind of exchange called Mirror, powered by a novel technology we developed over ~2 years that we call MicroPerps.
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To everyone who thinks about supporting $Mirror, consider the following facts:
- Nader raised a treasury worth >$150M (now spread across trusts that benefit him and his family) from supporters to create DESO, a (not so) decentralized social network. He made promises he never delivered on. He got sued by both SEC and DOJ. He stopped providing regular updates and support for the community, even after the settlement. He “revealed” that he worked the last two years on Mirror, with funds raised in order to build out DESO. The next lawsuit is lining up because of this. And even if one thinks that this is legal.. what’s the need to raise new funds from “new blood” (his own words) when you’re sitting on $150M+ ?
- maybe just do your due diligence and have a word with supporters from DESO/ Focus and see what they say after getting to know Nader for the past few years. For some of them you might be their last hope to get some exit liquidity. But the majority is at a point where they just do not want to support this cash grab any longer.. even if it is harming them financially.
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TplusZero retweeted
So as it stands XRP is the ONLY digital asset with LEGAL clarity in the United States. That's the fact Jack!
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TplusZero retweeted
Who is behind @Trensik_com ? It's important to know what asset you are buying, especially when that is some form of securities exposure on a public network.
Would love to chat with the team to understand more.
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TplusZero retweeted
The refreshed XRPL.org is now live.
New design. Clearer paths for institutions, developers, community members, and newcomers to learn about the XRP ecosystem.
Find developer resources and explore use cases across payments, tokenization, trading, and more.
See what's new: xrpl.org
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Introducing Ripple Prime’s Delta One business – bringing Total Return Swaps across US-listed equities, indices and digital assets to clients, tailored to their investment horizons, risk mandates and reporting requirements.
Single counterparty. Cross-margined. Structurally aligned. 24/7
This is what institutional equity derivatives access should look like: on.ripple.com/4zFRpYb
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TplusZero retweeted
One of a few. We have exceptional talent joining with backgrounds from Mastercard, KKR, Goldman Sachs, Stablecoin issuers & top tier wealth management.
All have a very specific set of skills. We are building.
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TplusZero retweeted
علمتني الحياة أن التفكير بطريقة مختلفة، أو بناء شيء لم يعتد عليه الناس أو لا يفهمه الناس في وقته يجلب النقد من أصحاب النظرة الضيقة وممن لا يملكون البصيرة لرؤية المستقبل.
طبيعة العمل العام أنه يجلب النقد.. ولابد أن تتحمل، افعل الصواب.. دعهم يتحدثون، أما إذا أردت رضا الناس الكامل فلا تقل شيئاً.. ولا تفعل شيئاً.. ولا تكن شيئاً.
#من_كتاب_علمتني_الحياة
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