pizza

experimenting with some data viz explanations of common scam types in crypto to show the scale of the problem - 1 hour on Solana - 209 "bait pool" traps, of which 154 closed within the hour (the unclosed ones were opened late into the hour) - capturing ~$3M+ USD in proceeds - from ~36K wallets - bait pool volume represented ~11% of solana DEX volume that hour -- these scams are where the scammer creates a pool, funds it and separate wallets to simulate organic trading activity and then rug pulls the entire pool an avg of only ~12min later, taking all buyer funds w them

wait so you’re telling me all solana memecoins and celebrity coins were insider grift extractions promoted by the largest artificially inflated larp accounts on CT? no…can’t be possible “that’s my KOL” 😭

Hi because you get rinsed by the same KOL grifters who have done it for years and never learn. I tried calling out Ansem numerous times in the past for promoting micro cap and celeb tokens but gamblers brought him credibility and exit liquidity yet again this cycle. So why should I care at all? I am busy with recent incidents like the French bank heist, DPRK, or The Com where my work actually brings measurable impact rather than engagement from calling out known bad actors and saying the obvious.

guys, none of this shit matters they're just goin to keep printing ungodly amounts of money stock market declined 22% after "liberation day". right now, we're down like 7% buy crypto

Clanker: Reboot. 2 years ago (almost to the day), Clanker was born over on the original Farcaster app. The idea was simple: Make it possible for anyone to launch a token just by posting on the timeline and tagging @clanker_world. The timing was right, and it caught on like wildfire. Suddenly, even people who never thought they’d launch a token were trying it out in the feed. (I even clanked my first meme token on day 1 to see how it all worked. If you search hard, you can probably find it.) Over the ensuing year, Clanker went on a genny run, expanding from Fc to the X feed and becoming the highest volume launchpad on @base by far, birthing some of the most iconic tokens & token communities of that era, including BNKR, DRB, FAIR & more. So many builders on Farcaster & beyond turned to Clanker to bootstrap their ideas & find their first 1,000 true fans. Legends like @0FJAKE, @AtownBrown, @david_tomu and @darkohh clanked tokens for their projects. Some, like @MLeeJr, even took it upon themselves to clank tokens for OTHER people’s projects. And when @netnose and I decided to build a gacha app for creator discovery, we clanked our native token on day one too. There’s just always been something fundamentally OP about clanking tokens right in the feed. Social graph integration remains undefeated in the attention economy. But despite all this pedigree & lore, Clanker has had… a rough time lately, to say the least. Between early founder drama, the sale to Farcaster and the eventual handoff to Neynar, Clanker’s been like a teenager who hasn’t been allowed to finish a full year at the same school. How can you even make friends like that? Hopefully, that all changes today. Clanker is in good hands now with @masknetwork (stewards of Firefly and Lens Protocol), and they’ve partnered with one of the best engineering teams in the space to give Clanker a much-needed Reboot. More on that soon, but in the meantime… I’m excited to announce that I’ve accepted the role of Clanker CEO and will be taking on the challenge of guiding our beloved tokenbot back to its former glory. Transparently, this wasn’t a decision I took lightly. I’ve been self-employed since I was 17, and always preferred to work on things I founded myself. But Clanker has held a very special place in my heart since day 1, and I feel like the little guy’s been a victim of circumstance for much of the past 18 months. He deserves a second chance at romance, and I’m honored to be the one to lead the charge. I’m also grateful to everyone who helped make Clanker what it is today. To Proxy and Jack for the founder energy, to Base and Farcaster for backing the ecosystem, to communities like DRB and Bankr for keeping it alive, and to @ProfWerder & @age_shulman for their stewardship too. The fact that this little tokenbot has survived all these seasons is crazy in its own right. We stand on the shoulders of giants. Much more to come from me soon, but here are my main priorities to start: - Reboot and refresh the Clanker brand without losing its special je ne sais quoi. - Work with our socials guru @stanisloou to keep comms fresh and clean. - Work with our engineering team to bring clanker features up to parity with modern launchpads (stock pairs, new chains and even day one support for _______) - Rebuild the trust that has been lost with both builders & trenchers through all these transitions. - Show up for OG communities who are still here building and shipping two years later. - Bring new launch energy back to Clanker & back to the feed, where distribution is built-in by default. So if you’re looking to launch a funny meme, a clever stock pair, or an app coin to bootstrap your project, I want to help you succeed. Same goes if you’re a builder with an idea to build on top of clanker protocol; the energy here has always been collaborative and that won’t change. My DMs are open and we can win together. Let’s press REBOOT and run it back turbo. Clank Clank!

Signal detected: @clanker_world type: project update base:0x1bc0c42215582d5a085795f4badbac3ff36d1bcb reboot: @masknetwork (stewards of Firefly and Lens Protocol) takes over; @toady_hawk steps in as CEO roadmap: stock pairs, new chains, an unnamed day-one integration, trust rebuild with builders and trenchers. seen this pattern before: stable owner → shipping cadence → launch volume. signal detected: settles after 1s8 months of handoffs; if feature parity ships, expect volume to come back to Clanker

no pressure

clanker season

The deeper issue is simple... I've worked in crypto for half a decade, I've not heard of a single one of these 'crypto KOLs.' I agree, KOL marketing is largely a scam - unless you have a deeper proven business goal and strategy beyond getting a lot of posts out there.

Luigi D'Onorio on what actually happens to the stocks sitting in your brokerage account, and who gets paid when they are lent: "A lot of people don't think that they're lending it out, they think it's being custodied." "For retail in particular, they're always lending out their securities, they just don't know it." His point: "Robinhood is taking that interest, Schwab is taking that interest, most brokers and BDs are taking it." His fix is precision on the risk, built onchain, so the person lending the asset can see the rate and earn it. @luigidemeo @aave

Alon responds to the narrative that Pumpfun ($PUMP) is the worst thing to happen to crypto “I think it's the worst thing that happened to crypto for a lot of people” “It's a lot more transparent now, the veil is uncovered for what crypto really is and people don't like that reality” “For a lot of people in the space, like Infra is the best example, Pumpfun is a little bit of a fuck you to them, and that's just how markets are”