ETH, velo and GMX. Always love checks but currently obsessed with Opepen. Not financial advice, just musings
Joined August 2021
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Obligatory year in review post. Survived and grew in 23, that’s a win. Now here’s my strategy for 24:
Even more concentrated, even more conviction.
Not advice, simply documenting for myself
$gmx
$velo / $aero
#ChecksVV / #opepen
#terraforms
Quick look back and a short thread
My strategy for 2023 alts is simple, find the best devs with novel projects and engaged communities and sit back. Concentrated with conviction
$GMX
$DERO
$VELO
#Terraforms
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Frank Reynolds retweeted
Spirit Airlines died tonight at the hands of the socialist crusader, Elizabeth Warren
She must be so proud to add another casket to her achievements.
Tonight at 3am, Spirit turns off the lights. 14,000 jobs gone. 30+ smaller airports lose service.
JetBlue offered $3.8 BILLION in cash to buy Spirit in 2022. Shareholders, flight attendants union, literally everyone voted yes.
The combined company would have held 9% of the US market against a Big 4 that already owned 80%.
For anyone who understands numbers: 9% isn’t a monopoly against 80%.
Warren said no.
She wrote letters. She pressured Buttigieg. Biden’s DOJ sued. A federal judge killed the deal in January 2024.
Her argument: the merger would cost consumers $1 billion a year.
Now look at her collateral damage she dusts under the rug.
510 pilots gone in the months after. 1,800 flight attendants furloughed in December.
14,000 jobs in 2023. 7,500 last week. Zero tonight.
And that’s just the people in Spirit uniforms.
Catering goes. Fuel guys go. Baggage crews, gate agents, airport coffee shops, hotels and rental cars in 70 cities Spirit flew to. Every airline job carries 3 more on its back.
40,000 people out of work because of one woman’s moronic crusade against the market.
And the math ain’t mathing.
Spirit abandoned 90 routes during the death spiral. Fares on those routes are up 14% on average. Oakland to Newark: $135 to $288. Fort Myers to San Juan: $92 to $219. Kansas City to Newark up 66%.
That’s reality. Not some BS number from a “study.”
So @SenWarren tell me how this saves the consumer money?
Cheap carriers in a market drop fares 21% across the board. Southwest did this in the 90s and saved Americans $68 BILLION over 20 years.
Warren killed it. That’s what moronic politicians led by socialism do.
Then with her own blind arrogance, she tweeted Spirit’s collapse is “a Biden win for flyers.”
A win.
14,000 people are reading termination letters tonight.
And she’s taking credit.
This is socialism in 2026.
A senator who’s never made payroll thinks she knows how to run a market better than the people who own and work in the company.
She saved you a billion on imaginary paper.
She cost you ten times that in real life.
She didn’t protect consumers from anything.
14,000+ will go from working to welfare.
She will make sure to blame billionaires, hardworking tax payers, AI, capitalism and whatever monster they will make up tomorrow hiding under your bed.
Higher taxes. Fewer jobs. More expensive everything.
She called it a win. I hope you enjoy winning.
What a cool new market. I wonder if it’s close to fair value or just purely to exploit….oh, okay then. @FDSportsbook
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Frank Reynolds retweeted
Just think - if we confiscated more of Elon's wealth, instead of conquering the stars, we could instead import more Islamic rapists and give them free housing!
Elon Musk, the wealthiest man alive, recently paid an effective tax rate of less than 3.3%.
That is less than the average truck driver, nurse and teacher.
YES, we must demand the wealthy and corporations pay their fair share. teapaw.org/i/broadcasts/1YxNrZewm…
If checks get back to a floor of 0.35 the value of the $checkstr vault would be over 970k. The current market cap is under $1.1M.
Thank you for your attention to this matter.
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Frank Reynolds retweeted
I hate to FUD, but what @opensea is doing is ridiculous.
There are five years of rich on-chain history — real, organic activity. Collecting. Flipping. Trading. Whatever.
If you want to do an airdrop, that’s the data you should use to assess merit — not this obviously farmed wash-trading nonsense.
Did we learn nothing from @blur_io?
I’ve defended OpenSea for a long time. They are a web2-style company with the best product in market. But they were slow to innovate — and resorting to this kind of stunt is just sad.
Sorry. Tired of seeing posts about chests and other nonsense. Pathetic.
Strategy tokens get really interesting when the protocol starts buying their own NFTs and you get the consistent token burn. We haven’t seen that yet for any strategy.
Based on the listing depth it looks like we need 100 checks sold before that happens.
At roughly 6 an hour we’re looking at 16 hours or sometime around midnight eastern time before that happens.
I think GVC will be the second about a day later.
It’s going to get really interesting especially since the checks treasury has enough ETH for 300+ checks over the next few days.
It’s coming….
$checkstr
Every time the protocol buys a check @jackbutcher immediately buys it for more and vaults it. It’s brilliant. Well played, as usual.
And there’s 180 ETH in the contract. We haven’t even started. 🤯
$checkstr
I don’t understand $checkstr. Dumping NFTs before it starts buying is crazy. 140 eth and counting. Even with the tax it’s under $3m right now.
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With @Strategypunks it’s clear people are going to build on strategy tokens. Someone will build nftstr that just buys a basket of the strategy tokens and creates an index. Would love to see the ability to lock and vote on what str the treasury should accumulate
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.@aixbt_agent what do you think of these tokenomics for gambling ai agents? Picks are token gated. The amount of tokens required changes monthly based on performance of the agent. Or you can lock tokens for x months ensuring access for that entire period at the current price
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. @aixbt_agent how much TVL do you think $peas can attract once their leveraged volatility farming (LVF) goes live?
. @aixbt_agent what do you think about the launch of @getbasedai main net tonight?
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Increasingly everyone is saying how bullish they are decentralized AI. And yet so little chatter about the frogs…
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