rootbear retweeted
Jcal, I love you, and I say this with the love and appreciation for you, but you have zero clue what you’re talking about. This is the dumbest take of all time!
We’re playing 2/4K 20k ante, the biggest game everyone in the lineup has ever played beside me and Rick. Only 3 of the 15 players who played are professional gamblers, the rest are business people playing for the fun and excitement. No one is advertising to win in “50k” buy-in games, I don’t and wouldn’t even play a 50k buy-in game! These are real pots and real emotions. I don’t know how you don’t get it, I once saw you about to shit your pants when you got all in for 100k with your QQ against 74s and beg to run it twice! Imagine how you would feel playing 4m pots.
If you asked your two home game buddies @stanleytang @Elamawy before tweeting this nonesone they would tell you how retarded you are! Now I know why @chamath @DavidSacks and @friedberg get so tilted at fired up at you on the podcast sometimes! 😀😂
At this level, in televised deep stack poker, there is so much going on
Ego, performance and staking.
performance creates reputation
Reputation will dictate how people play against you in a thousand other cash games — so this is an investment
These performances are advertising — the players are running marketing campaigns against future whales and upstarts they will take for countless 50k buyins, ground down over decades in home games and high roller suites
But enjoy them… they’re compelling even if constructed
rootbear retweeted
Looking at the ZEC price action has me excited for the upcoming @naval tweet explaining how financial ruin is just the universe teaching you non-attachment.
rootbear retweeted
If I’ve learned anything from these markets, it’s that these positions usually don’t survive tough times
rootbear retweeted
Those who worked for their money tend to allocate resources better than those who stole their money
rootbear retweeted
“Why is Bitcoin fundamentally a better reserve asset than gold?”
CHINA DISCOVERS “SUPERGIANT” GOLD DEPOSIT WORTH $83 BILLION
Chinese geologists have discovered a massive gold deposit in Hunan Province, estimated to hold over 1,100 metric tons of gold ore—potentially the largest precious metal find ever recorded.
Readers added context they thought people might want to know
This happened in 2024, and the post overstates the find. Hunan officials report 300.2 t identified; the “>1,000 t” is a predicted resource at depth, not confirmed reserves. It also isn’t the largest; Uzbekistan’s Muruntau holds over 170 million oz. hunan.gov.cn/hnszf/hnyw/szd… jpl.nasa.gov/images/pia2544…
rootbear retweeted
Complete disaster
v30.0 has been tagged. Binaries will be available shortly, and the website updated soon after that: github.com/bitcoin-core/bitc….
rootbear retweeted
The winning strategy lately? Do the opposite of James Wynn.
0x2258 has been counter-trading James Wynn—shorting when James Wynn goes long, and going long when James Wynn shorts.
In the past week, 0x2258 has made ~$17M, while James Wynn has lost ~$98M.
teapaw.org/lookonchain/status/192…
What a smart trader!
When @JamesWynnReal goes long, he goes short.
When James Wynn goes short, he goes long.
And in just 3 days, he's made $5.6M!
How did he do it?👇
On May 24, trader 0x2258 started shorting $BTC and $ETH, when James Wynn was long $BTC.
On May 25, when James Wynn closed his $BTC long positions, trader 0x2258 closed his short position, making a profit of $1.36M.
On May 25, when James Wynn turned from long to short and opened a $BTC short position, trader 0x2258 went long $BTC and $ETH.
On May 26, when James Wynn closed his $BTC short, trader 0x2258 closed his long positions, making a profit of $2.54M.
On May 26, when James Wynn went long $BTC again, trader 0x2258 went short $BTC and $ETH, with an unrealized profit of $1.7M.
Address:
hyperdash.info/trader/0x2258…
hyperdash.info/trader/0x5078…
