I’m in the middle of reading a book about the day the US dollar went off the gold standard and I find it illuminating the rationale for their decision. I see often in BTC Maxi groups that the fall of the dollar was due because of that single action, but the more I read and am revealed the circumstance to which the Nixon administration was led to moving to fiat is one of boldness and not stupidity. Consider that the other developing countries at the time, ie Japan and Germany were pegged to th...

I’m in the middle of reading a book about the day the US dollar went off the gold standard and I find it illuminating the rationale for their decision. I see often in BTC Maxi groups that the fall of the dollar was due because of that single action, but the more I read and am revealed the circumstance to which the Nixon administration was led to moving to fiat is one of boldness and not stupidity. Consider that the other developing countries at the time, ie Japan and Germany were pegged to th...

Trying to navigate the exciting world of shorting Bitcoin in DeFi? You're not alone! This guide breaks down the process for beginners, using tBTC and WBTC in a lending/borrowing platform to capitalize on a potential downward trend. What is Shorting Bitcoin? Shorting Bitcoin is a strategy that aims to profit when the price falls. Here's how it works in DeFi:Deposit tBTC: We'll use tBTC (wrapped Bitcoin) because it offers a higher interest rate (APR) due to lower supply on the pl...

Trying to navigate the exciting world of shorting Bitcoin in DeFi? You're not alone! This guide breaks down the process for beginners, using tBTC and WBTC in a lending/borrowing platform to capitalize on a potential downward trend. What is Shorting Bitcoin? Shorting Bitcoin is a strategy that aims to profit when the price falls. Here's how it works in DeFi:Deposit tBTC: We'll use tBTC (wrapped Bitcoin) because it offers a higher interest rate (APR) due to lower supply on the pl...

I went on a bender an listened to three episodes back to back of Gwart on his discussions he builders and people close to the Bitcoin ecosystem. https://x.com/GwartyGwart I left my BTC position a few years ago and was generating yield from XAI. I was comfortable there and my passive income was generating a handsome yield higher than the US-T bills and higher than inflation. I moved out of that position and speculate on the BOB ecosystem, which btw if anyone is reading this use my referral cod...

I went on a bender an listened to three episodes back to back of Gwart on his discussions he builders and people close to the Bitcoin ecosystem. https://x.com/GwartyGwart I left my BTC position a few years ago and was generating yield from XAI. I was comfortable there and my passive income was generating a handsome yield higher than the US-T bills and higher than inflation. I moved out of that position and speculate on the BOB ecosystem, which btw if anyone is reading this use my referral cod...

Understanding Arbitrage. At the beginning I held 0.0004 9000 tBTC and I noticed there was an arb opportunity with WBTC. I placed a trade at 0.0001 one at a time to check what was happening as this was my first time. The first return was at 0.00010101. In total I traded 0.00049 tBTC and for 0.0004 9423 WBTC. A 0.0000 0423 BTC different on two product that aught to be in par. I was trying to figure out where this risk was coming from until I noticed on the LP pricing page there was an indicator...

Understanding Arbitrage. At the beginning I held 0.0004 9000 tBTC and I noticed there was an arb opportunity with WBTC. I placed a trade at 0.0001 one at a time to check what was happening as this was my first time. The first return was at 0.00010101. In total I traded 0.00049 tBTC and for 0.0004 9423 WBTC. A 0.0000 0423 BTC different on two product that aught to be in par. I was trying to figure out where this risk was coming from until I noticed on the LP pricing page there was an indicator...

I went into the trenches and came out motivated, scarred, and illuminated. I hear often on CT about the trenches and the scams and the degeneracy prominent in this industry, and the curious self that I am loaded up $20 USD in SOL and went on an adventure. I heard that sniping is one type of strategy to have for in theory if my position is early enough then regardless of the volition on the chart I am still in green. So, I went to DEXscreener and found a token that was 6 hours old. The mkcap w...

I went into the trenches and came out motivated, scarred, and illuminated. I hear often on CT about the trenches and the scams and the degeneracy prominent in this industry, and the curious self that I am loaded up $20 USD in SOL and went on an adventure. I heard that sniping is one type of strategy to have for in theory if my position is early enough then regardless of the volition on the chart I am still in green. So, I went to DEXscreener and found a token that was 6 hours old. The mkcap w...

Gwart uploaded a new episode of his pod and I immediately consumed it because his take is an entertaining mix of trolling, and education. Akin to the daily show host like Oliver someone on HBO and those other white fellas satirizing current events. https://open.spotify.com/episode/5KeQytzUEaTCBTLsxVCDeg?si=f1ef295422314a55 The interview was with Evgeny Gaevoy, CEO of Wintermute, a market maker. I never took time to look up the enterprise grade MMs and what they offer to the ecosystem. But his...

Gwart uploaded a new episode of his pod and I immediately consumed it because his take is an entertaining mix of trolling, and education. Akin to the daily show host like Oliver someone on HBO and those other white fellas satirizing current events. https://open.spotify.com/episode/5KeQytzUEaTCBTLsxVCDeg?si=f1ef295422314a55 The interview was with Evgeny Gaevoy, CEO of Wintermute, a market maker. I never took time to look up the enterprise grade MMs and what they offer to the ecosystem. But his...

I’m still on this arb strategy and I am winding down my other positions to make advances in this equilibrium game. Today in total I made a handsome profit of around 0.0002 BTC or around 12 USD as of writing this. this is based on a principle of around 300 USD or 0.005 BTC. The LP TVL stands at around 3K now and on further thinking on how to have a healthy arb operation I will need the equivalent of the TVL on both side or a total of 6K in USD. With that sum I can arb left and right without ge...

I’m still on this arb strategy and I am winding down my other positions to make advances in this equilibrium game. Today in total I made a handsome profit of around 0.0002 BTC or around 12 USD as of writing this. this is based on a principle of around 300 USD or 0.005 BTC. The LP TVL stands at around 3K now and on further thinking on how to have a healthy arb operation I will need the equivalent of the TVL on both side or a total of 6K in USD. With that sum I can arb left and right without ge...

I’m listing to this episode about MEV on ETH and the host is interviewing the co-founder of Flash bots which is an RPC that will protect users from front runners. https://www.flashbots.net/ This interview is intellectually very engaging as they discuss topics related to individualism and local-ism as a means to form consensus. This comes from the ideas that in a scenario where block builders become price makers instead of takers. Mind boggling, but what I want to write about today is one of t...

I’m listing to this episode about MEV on ETH and the host is interviewing the co-founder of Flash bots which is an RPC that will protect users from front runners. https://www.flashbots.net/ This interview is intellectually very engaging as they discuss topics related to individualism and local-ism as a means to form consensus. This comes from the ideas that in a scenario where block builders become price makers instead of takers. Mind boggling, but what I want to write about today is one of t...

I entered the BOB spice campaign season using the SOV referral code and lock in allured by the 4x spice point distribution and Rune points. Its been three months now and my position was moved to a SOV/ETH LP and its down close to 40%. As a product I think SOVs DEX tools are average and as a business I think they are terrible and the market reflects their business model. Finding that margin of safety is difficult as is and I was wrong to consider that SOV was already at the bottom. Consider th...

I entered the BOB spice campaign season using the SOV referral code and lock in allured by the 4x spice point distribution and Rune points. Its been three months now and my position was moved to a SOV/ETH LP and its down close to 40%. As a product I think SOVs DEX tools are average and as a business I think they are terrible and the market reflects their business model. Finding that margin of safety is difficult as is and I was wrong to consider that SOV was already at the bottom. Consider th...

Today is another day of understanding the ins and outs of how I made those small sats profit from yesterday. I was browsing through the DEX UI some more and playing around with he values to see what the maximum possibility is to make an arb trade. Thats when I noticed this tBTC/WBTC pool is only 2K USD in size. This means that all trades that are made have to be lower than that sum. It also have to be lower than the sum of the last trade which brought it off balance. I will buy more BTC and t...

Today is another day of understanding the ins and outs of how I made those small sats profit from yesterday. I was browsing through the DEX UI some more and playing around with he values to see what the maximum possibility is to make an arb trade. Thats when I noticed this tBTC/WBTC pool is only 2K USD in size. This means that all trades that are made have to be lower than that sum. It also have to be lower than the sum of the last trade which brought it off balance. I will buy more BTC and t...

One of the incentives for BOBs Spice points is LP and then onchain activity. I’ve always one of the powers of computers are their data bases, even at the consumer level. This is evident with all the pictures we upload on social media and writing we put on HTTPS. So to increase my onchain activity I created a collection called Memes to put up all the enjoyable memes I find online. I already have a file dedicated to it on my computer, but if I put it on chain for a fee I have clean up my storag...

One of the incentives for BOBs Spice points is LP and then onchain activity. I’ve always one of the powers of computers are their data bases, even at the consumer level. This is evident with all the pictures we upload on social media and writing we put on HTTPS. So to increase my onchain activity I created a collection called Memes to put up all the enjoyable memes I find online. I already have a file dedicated to it on my computer, but if I put it on chain for a fee I have clean up my storag...

Here are a few thoughts for the day. The ARB strategy is going well with the assumption that both tBTC and WBTC are equal in price to BTC, but this is not true. I think this is so because of the availability of the two. In particular, tBTC is decentralized and has a higher collateral to mint and they’re less in price as it prices in that collateral premium. For the past week, I’ve been swapping WBTC for tBTC all in one direction. I am anticipating the BOB gateway to open the other way to go f...

Here are a few thoughts for the day. The ARB strategy is going well with the assumption that both tBTC and WBTC are equal in price to BTC, but this is not true. I think this is so because of the availability of the two. In particular, tBTC is decentralized and has a higher collateral to mint and they’re less in price as it prices in that collateral premium. For the past week, I’ve been swapping WBTC for tBTC all in one direction. I am anticipating the BOB gateway to open the other way to go f...