nobody will remember: - your salary - how “busy you were” - | Prithvir on Binance Square

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nobody will remember:
- your salary
- how “busy you were”
- how many hours you worked
people will remember:
- your superior understanding of reflexivity
- your discernment of correlations between risk asset prices and m2 money supply
- your strats for harnessing alpha in financial markets

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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SF oscillates between techno-industrial utopia and dystopia in quick succession. You miss half the movie if you only focus on the advances in technocapital formation or on the rise in crime and homelessness. Is it possible to have one without the other?

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In transit at DC airport; I overhear a suited gerontocrat on a call. He has mentioned "Pelosi" "Interest rate" "Call option" and "Leverage" Take that as you may.

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The marginal cost of producing software has basically gone down 1000x in the last 3 years. So your moat as a software business is no longer your ability to produce software. Your moat can only be one of two things: 1. You have some form of legacy distribution. If you have distribution already, the zero marginal cost of producing software will give you enough opportunities to build new products, sell into your existing customers, and grow your revenue. 2. The second option is proprietary datasets. All the public data in the world has been compressed into these LLMs. The companies that retain proprietary datasets will still have some power. If you have UGC (user-generated content), you can structure and use it as RAG (retrieval-augmented generation) inputs for your own AI agents. As the results from the agents improve thanks to your proprietary datasets, your product's utility will increase. This will attract more users and usage, who will provide more UGC for you. This can become a positive reflexive feedback loop and a self-reinforcing flywheel. Software startups without existing distribution that are not thinking about creating proprietary datasets are in for a real shock, real soon.

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You can build an entire app without writing a single line of code. Keep reading for front end, back end, auth, payments, deployment. 1. Front end - React [created by Facebook team]: Build component-based UIs. - Next.js [created by Vercel for deployment]: Framework for server-side rendering. - Tailwind [formatting CSS]: Utility-first CSS framework for styling. - Shadcn/UI [polished components library]: Customizable pre-built UI components. - Framer Motion [minor animation]: Smooth animations for React components. 2. Back end - PostgreSQL for relational db: Robust open-source relational database. - Supabase used to navigate Postgres: Instant backend for managing Postgres. - Drizzle ORM: Lightweight ORM for querying and schema management. - Next.js used to make API calls: Handles APIs and server-side logic. 3. Authentication - Use Clerk: Simplifies user management with out-of-the-box authentication and authorization. 4. Payments - Use Stripe: payment processing solution with easy integration. 5. Deployment - Use Vercel or Replit: quick and easy app deployment and hosting.

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Macro updates leading into the rate cut next week I'll cover: 1. M2 Growth Global YoY 2. Demand Deposits 3. Next Set of Bitcoin Flows 4. Bitcoin Funding Rates 1. Bitcoin and M2 Growth Global YoY (Fed, ECB, GBM, CNM, JPM...) The divergence in the red square shows where the FED stopped playing the ball and started decreasing the liquidity. When the tide turns, risk assets should rip. 2. Demand Deposits Demand deposits are showing positive growth for the first time since 2022. For context, DD's form a significant part of a country's money supply (M1). They provide liquidity for consumers and businesses. They allow for easy payments and transactions through checks, debit cards, and electronic transfers. 3. Next Set of Bitcoin Flows 68% of Gen Zers and millennials have received an inheritance of nearly $320k on avg. It's believed that the next set of Bitcoin flows will come from them once rates come down. I personally believe the next great set of flows will come from nation state balance sheet and treasury purchases. 4. Bitcoin Funding Rates For context, funding rates are periodic payments between traders holding perpetual futures contracts. They ensure the futures contract price doesn't deviate significantly from Bitcoin's spot price. Binance now has bear market type of negative funding. Both intensity- and persistency- wise Conclusion We'll probably see a 25bps cut acc to @Polymarket and the charts reflect that it's contrarian to be cautiously optimistic of risk assets right now. I wonder what these chads think? @0xandrewmoh, @0xmughal, @2lambro, @arndxt_xo, @crypto_linn, @cryptogideon_, @cryptomanran, @dynamo_patrick, @hmalviya9, @jake_pahor, @krybharat, @milesdeutscher, @rektdiomedes, @saushank_, @the_smart_ape, @thedefiplug

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