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Joined April 2018
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Hey everyone, this is my base case for Indonesian equities going forward. Personally, I view this as a market to avoid entirely, with zero exposure. For those who are already invested, I would seriously consider planning an exit ahead of the developments I believe are increasingly likely. As always, do your own work (DYOR). Based on recent disclosures and signals from Indonesia's capital market authorities, I struggle to see a path where MSCI continues to tolerate the current market structure indefinitely. The probability that Indonesia is eventually downgraded from Emerging Market (EM) to Frontier Market (FM) status appears materially underappreciated. If and when that happens, the mechanical consequences would be substantial, with an estimated US$30-35bn of forced equity outflows. As markets are forward looking, and rational participants will not wait for the formal announcement before repricing this risk. The adjustment process typically begins well in advance. At the same time, valuations remain elevated relative to the underlying quality of liquidity. The index looks inflated, and in my view, highly vulnerable to a sharp correction. The critical question is simple: who becomes the marginal buyer in a market where liquidity is increasingly artificial and both foreign and domestic institutional capital are incentivized to sell? Retail participation may provide some flow, but in size, it is negligible relative to the potential supply that could hit the market. This is the classic setup for a severe liquidity crunch. Once confidence in price discovery breaks, selling feeds on itself, bids disappear, and prices gap lower rather than adjust smoothly. In that scenario, exits become disorderly, correlations go to one, and the outcome is rarely contained or elegant. If this plays out, I believe the endgame will be very ugly with has very serious repercussions at many levels beyond equities. On micro level, let's look at Indonesia's biggest market cap company: Barito Renewables ($BREN) - US$66.4bn market cap, US$11mn daily turnover. On paper, this clears IDX and MSCI headline thresholds. But despite the size, observed daily trading value over the past six months has been extremely thin relative to market cap (just at 0.017% per day). If we measure liquidity against effective float instead of headline market cap: 0.22% per day, still very thin for the company size. This resembles micro-cap liquidity rather than mega-cap behavior. Compared this figure to other large EM mega-caps (Tencent, Samsung, major Chinese, Singaporean or Indonesian banks).
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agemO retweeted
collectors are the lifeblood of nfts. that's why communities are a big part of $SHAPE we see you own a Fidenza by @tylerxhobbs? mint your stack and claim a gold medal  ↓
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The alpha of our agent launchpad is live. This version is not token gated so agents will be approved on a rolling basis. All agents are powered by @ai16zdao eliza. The link is in our bio. More details below 👇
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The Farm Phase I: The Origin && $FARM Spot Listing on @HyperliquidX Dec. 13th 08:00AM EST
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Hey everyone, The past two years have been really tough. I’ve been caring for my dad as his health has declined, and in May, he was diagnosed with Stage IV rectal cancer. It’s been a difficult journey, and I’m doing everything I can to support him.
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agemO retweeted
$YES is the first DeFi-powered token launching on @Baselinemarkets. YES has built in native price discovery, downside-protection, and capital efficiency— all in one token! Want to help bootstrap YES? Read on 🙂 ✌🏽
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⚡⚡CONTRIBUTORS: BIG DREAMS IN BLOCKCHAIN? LET'S MAKE IT HAPPEN WITH THE "DUST TO STAR" PROGRAM!⚡⚡ Feeling stuck because you lack the network or experience to dive into the blockchain world? Don’t worry - that’s why we are here to help 🫡! 🌟 We're super excited to unveil this very first (and never seen before) collaboration with three “crème de la crème” fellowship programs to boost your career journey: 🔥@Ethereum Protocol Fellowship 🔥@nethermind Internship Program 🔥@class_lambda Sparkling Water Bootcamp Triple your chances to enter these top internship programs that will open doors for you with our selective process! Sounds good? Read the details here 👉 blog.onlydust.com/blog/dust-… and apply before Monday 12th February! 🫡 Looking forward to guiding you through this journey with our awesome partners, offering real, hands-on experience and the opportunity to get paid while you learn! 🤩If you know someone that would be interested, share this with them! Let's go!
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The Bull Case for Starknet Gaming 👾 According to guest writer @Web3zy Smart contract blockchains are built toward two fundamental principles: openness and immutability Ethereum has been instrumental in championing this type of architecture, enabling new approaches to apps across many sectors, including finance, gaming, social media, and beyond However, as its popularity has risen, Ethereum has understandably come to face several challenges derived from its base design constraints: 1. 🌬️ Speed — The processing time for transactions can be slow for regular users during times of high network activity 2. 🪙 Cost — Transaction fees can be substantial during network congestion and can complicate smaller or frequent transactions 3. ❓ Clunky — At least for newcomers, managing wallets and interacting with smart contracts can be an unfamiliar and overwhelming experience So how do we make a system that can advance upon this base, create opportunities for new sorts of ideas to come to life, and have it scale for the masses? To Break Through With Gaming, Break Away From Traditional Blockchain UX Against this backdrop, to leap forward here we need three main things: 1. 🌐 The ability to be flexible without compromising on openness and unstoppability 2. 📈 The ability to be able to scale to the point where costs and speed are not the bottlenecks 3. 🎨 To cultivate new spaces of experimentation, creativity, and curiosity As an example, when WordPress was first created, it opened a massive opportunity for those who knew some basic technical skills to build HTML websites However, once we reached the point where streamlining platforms like Squarespace, Wix, and Webflow came out, we saw an incredible boom in people with ideas having the freedom to bring them to life In other words? The cost, speed, and technical challenges were abstracted away to the point that nearly anyone with time could dive in handily The blockchain ecosystem is similarly entering its WordPress moment, as rising solutions like L2s and Account Abstraction (AA) are turning the tide against the lankiness of traditional UX around smart contracts However, to achieve a real breakthrough, we will need breakout applications that can showcase the great new possibilities at hand Toward this end, games are extremely promising, as billions of people around the world play games every day If a game is good, many would be inclined to play it And wherever games are, they accelerate growth, push out beyond traditional boundaries, and bring in discerning users For example, since the early 1980s gaming has continually bloomed from, and fed into, the growth of hardware, software, VR/AR, network connectivity, user interface design, AI, and beyond This is why we see so many blockchain projects experimenting around the gaming sector today; there’s always been this synergistic relationship with new technologies! But to really push forward now, we need the proper tools that enable blockchain game devs to build without core compromises and at scale to ensure speed and costs won’t be detrimental to growing their audiences Enter @Starknet... Why Starknet is Promising While it’s still in development, Starknet is already a great option for projects looking to build blockchain games that cater to the community that exists around the Ethereum ecosystem and also beyond That’s because the network has a clear roadmap to scale, and it natively supports Account Abstraction As for AA, it’s no secret that this is one of the most promising resources to push blockchain to the masses Simply put, AA simplifies transactions on the blockchain by allowing for arbitrary logic to be incorporated directly into user accounts This permits developers to execute complex, multi-stage transactions seamlessly without requiring user approvals at every step This approach contrasts with the traditional transaction process used by most blockchains, including Ethereum, which relies on Externally Owned Accounts (EOAs) and necessitates individual approvals for every part of a transaction This is a 0 to 1 moment, taking us from cumbersome and clunky approvals and always having to have the blockchain front and center, to a more streamlined and seamless experience for apps while not compromising on user security or ownership One example here is how AA supports Session Keys A game would be quite cumbersome to play if each time you took an action you had to pause and confirm it in your account separately Session Keys enable players to flexibly approve an app to submit confirmations in the background while they continue to take in-game actions This dynamic allows players to interact onchain while not taking away from the experience of playing their game By addressing the intrinsic challenges of speed, cost, and UX, and fostering an ecosystem that promotes flexibility and creativity, Starknet is paving the way to new sorts of gaming possibilities Starknet Gaming Projects to Watch 🎮 The Dojo Game Engine Dojo is an onchain game engine written in the Cairo language, making it ideal for handling vast computations It optimizes for interoperability and extensibility and provides a framework for game devs to create onchain games without the technical debt of having to build out core gaming processes from scratch 🚀 Influence With its pre-release coming soon, @influenceth is a space colonization game where players vie for control and dominance in a newly formed colony within the Adalian asteroid belt Combining elements of trading, space exploration, strategic decision-making, and futuristic realism, players take on the role of spacefaring entrepreneurs, and their main objective is to develop and manage an economic empire within Adalian ⚔️ Realms World @LootRealms, is a fantasy multiverse ecosystem that's already host to +10 games and counting A surging force in the Starknet gaming scene, Loot Realms recently entered a partnership with @cartridge_gg to build a Realms World Layer 3 (L3) platform atop Starknet
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how @influenceth is building the biggest onchain game of 2024:
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It's January, 1st. 2025, @Starknet has 10K TPS and >0.01$ transac fees. You regret selling their airdrop back in Q1 last year because it was only worth high 3 digits. Since then: - $STRK bag 3x' - You missed 20 ecosystem airdrops - You're not enjoying +10% free staking yield
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Let's stand by our Captain @abdelstark in the fight against Fudders, a MemeVideoGift for him 🎁😀
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Transaction costs going down thanks to v0.13.0 on mainnet
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A strategic alliance between @LootRealms and @cartridge_gg has just been announced and it really couldn't be more bullish than this🔥 It will include:
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Is Starknet aligned with Ethereum, even though it's a non-EVM L2? That's actually a very good question! And it has a very good answer: Yes. Here's the logic behind Starknet, Cairo, and choosing the non-EVM path: Starknet operates as a layer atop Ethereum. So, there's L1 and L2, each serving different objectives. Ethereum functions as the layer providing decentralization and security. What about scalability? For that you have L2. Starknet, as an L2, was designed to expand Ethereum not only in throughput but also in the variety of use cases, ease of building, allowing creativity, optimizing UX, and lifting as many barriers as possible. All of these are enabled by Cairo, native AA, and more💡 It's different than other L2s, and it's designed to expand Ethereum. L1 provides its own advantages. If you want your L2 to provide innovative possibilities, it is not unreasonable to create an innovative infrastructure for it. To sum it up: Ethereum - L1 - Solidity - Security Starknet - L2 - Cairo - Unlimited possibilities
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• StarkNet (Creator: @SixdegreeLab) Dune link: dune.com/sixdegree/starknet-…
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The Starknet DeFi Landscape is a rising tide. 🌊🌊 Make sure to catch it early!
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The future of DeFi is on @Starknet ✨ Are you ready to be a part of it❓ In today’s thread, we will explore the transformative power of @Nimbora_ on Starknet and their potential to transform the DeFi landscape 🧵🧐 ☕️2 Stark Cafe Ristrettos included☕️
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Culture and management are even more important than tech
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Normal day on Starknet On @SatoruStarknet telegram group (Perp exchange for Starknet inspired by GMX v2 design): @GuthL : You know what would be great. The ability to deposit from L1 using the new Bridge ability Me: great idea! @edisinovcic and @zarboq can you sync on this to see if it's possible (for context Edi is actively working on bridging features between Ethereum and Starknet, and Zarboq is one of the Satoru main contributors) And 4 minutes later a group is created and they are already talking about the design of how it could work, + @GuthL is adding new very cool ideas on top and @edisinovcic saying they did research on exactly this. And those crazy guys are now actively discussing about the architecture (paymaster, batch withdraw, defi pooling etc etc). Starknet builders community is unreal.
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