Understanding and Profiting from Crypto Hype Cycles

Perhaps rather than 10x better, the correct way to think of crypto is as 10x weirder. This is an entirely new financial paradigm with no historical precedent. We have no idea what all of this will do. Maybe, like the ICO boom, everything will be fraudulent garbage! Or maybe we will all get rich! 

We contend that Pumpfun does not tokenize memes, and it does more than issue lotto tickets. Instead, for the past 18 months, Pump.fun, via permissionless listing of NNAs, exists as a crypto native game of chicken, wrapped in internet culture, with technical analysis as a core enabling feature. The supply side issues arbitrary assets, typically wrap... See more

Lessons from crypto (from my investing journal)

Meanwhile, some developers will spend years trying to rival a AAA game to target the mass gaming community, but it’s possible that crypto games that see early success simply embrace crypto-native principles where people can have fun by earning. A huge potential pitfall is sinking months to years developing a game with both mid-tier gameplay and unc... See more

But the thing about highly speculative assets is that they have the potential to do crazy things. Within weeks, their prices can soar to levels that you once thought were unimaginable, revealing that the peak you initially guessed was nowhere near accurate.

In the world of crypto, where many people engage partially or completely anonymously, crises of confidence in a project can cascade quickly, which means it’s particularly important that the team communicate frequently and transparently about how they intend to evolve the project.