Nick Almond

@DrNickA

PhD in Physics. Learning Theorist. Governance Designer. Head of Governance Jito. Chief Scientist Factory Labs. All tweets are just my opinion.

The Cryptospace

Joined September 2010

Replies Reposts Media Articles

Nick Almond
@DrNickA
11h
gm degenerate reprobates. Did you know that you get rugged for half your bags in 35 trades or less if your fees are 1%?
AlpenHex
@HexNom
11h
Replying to @DrNickA
word to the wise feels like you are talking to yourself and a few others, are there wise people in the casino?? they are even called the degenerates. i don’t think that’s a good opening line for them
4
Nick Almond
@DrNickA
14h
ok, this is worse than I thought. If you consider a memecoin trade to be a trade in and out of the coin and assume 1% fees. By your 35th trade you've lost half your principal to platform fees. e.g. you start with $10k, in 35 trades you've got less than $5k left. It's also
Nick Almond
@DrNickA
Sep 6
Word to the wise at nearly 100bps fees, even if you don't lose money on bundle slop you will trade your bags asymptotically to zero after a few hundred trades by just donating it to the platform.
7
Nick Almond
@DrNickA
17h
If you take this approach to governance, you create an epistemic gap between institutions and society. That is, the state thinks one thing and the people think, or experience another. It erodes the capability of the state to respond to reality on the ground level and deepens
Freddie New
@freddienew
19h
More than 60,000 people arrested in the UK over the past five years, for 'communications offences', which is exactly as Orwellian as it sounds. Support @BigBrotherWatch and others like them in pushing back against this apparently never-ending erosion of our ability to speak -
4
Nick Almond
@DrNickA
Sep 6
Word to the wise at nearly 100bps fees, even if you don't lose money on bundle slop you will trade your bags asymptotically to zero after a few hundred trades by just donating it to the platform.
Fiction Finance
@fiction_finance
Sep 5
Over 95% of people trading on FOMO have lost money or made almost nothing since Robinhood Chain went live. Out of 375,740 users, only 229 made more than $10,000 That’s 0.06% Memecoin trading is a casino.
7
Nick Almond
@DrNickA
Sep 5
Getting incredibly moody in the U.K. I would say this is a clear and overt outcome of censorship. Whenever you stifle speech, you get it back and some. These are some of the most disturbing images I’ve seen in a while. Feels foreboding and dark. But people hiding their
Paul Embery
@PaulEmbery
Sep 5
A protest like this, with hundreds of men all arriving at precisely the same moment and wearing exactly the same attire, would have taken an extremely high level of co-ordination. Yet the authorities appear to have been caught totally off guard. Perhaps the shape of things to
𝐂𝐚𝐬𝐮𝐚𝐥 𝐔𝐥𝐭𝐫𝐚 𝐎𝐟𝐟𝐢𝐜𝐢𝐚𝐥
00:00
𝐂𝐚𝐬𝐮𝐚𝐥 𝐔𝐥𝐭𝐫𝐚 𝐎𝐟𝐟𝐢𝐜𝐢𝐚𝐥
32