grantf retweeted
⛏️ New Proposal ⛏️
@coalonsolana has proposed a new economic model for their $COAL token.
Read the full proposal and trade it below ⏬
grantf retweeted
The COAL community is aligning to scale Solana’s only PoW coin. The cleanest live experiment in futarchic governance.
- 420 $COAL airdrop to MetaDAO holders
- Migration to v0.6 DAO with futarchy AMM
- Dev fund for contributors and long-term growth, without impacting miner rewards
Let’s get futarded. Proposal link below.
grantf retweeted
Ok best ever blackjack just got better! Introducing turbo mode. Play as fast as you can tap the screen!
grantf retweeted
people are laughing about this but it's a fact that Genghis Khan did so well on his childhood IQ test that he was accepted into the Gifted and Talented program at Modu Chanyu Elementary School in Karakorum
grantf retweeted
Because the app is pure political screeching. All the jokes and anime stuff and random life discussions and academic argument and animal videos and little cultural moments are gone. It's just one long neverending blast of angry politics.
This quoted post is unavailable.
grantf retweeted
Russians are using donkeys to transport arms to the frontlines. Their old stock of Soviet weaponry is almost depleted.
Why are Trump and Vance so desperate to snatch defeat from the jaws of victory for the West?
Behind the tough guy language, there is no argument here. What's the firepower advantage of the respective parties to the conflict? Manpower? How might that change with further NATO action, and how are you proposing to change it?
As it turns out, I'm right and Joshi is wrong, though maybe he believes the underlying dynamics *could* change in the future. He's welcome to make that argument.
grantf retweeted
.@ore is cool regardless if someone makes or loses money trading it because it’s a cool way to solve the fair distribution problem.
The assholes that mislead people with launches that don’t have the bare semblance of transparency should be nuked from orbit.
grantf retweeted
Silicon Valley has spent the last 30 years:
1) Harvesting attention to sell ads
2) Building B2B software
Don’t let anyone tell you otherwise
grantf retweeted
Just a counter view to @blknoiz06 here
We think everyone overestimating both the likelihood of tariffs or at least the size (Trump goes big as negotiation tactic and likely delivers much less)
It’s a bit too textbook to assume tariffs are inflationary. We didn’t see any substantial inflationary impact from last time Trump was in power (particularly if tariffs offset by China led global disinflation and a stronger dollar)
Under Trump, evidence of on shoring was weak, more reorganising of supply chains with likes of Vietnam and India beneficiaries. We also saw a move towards more automation rather than employ more expensive US workers
Market reacted this way last time Trump got elected and quickly the dollar topped out. We expect the same again
We also think the recent strong data in the US is a sugar high for the pre-election spending which will fizzle out
We’re seeing a deflationary spiral in China which is pulling global growth down and the US won’t be immune from that
So expect we see far more rate cuts than priced, inflation likely continues lower with whatever tariffs do land, having little impact on that dynamic
The US have also got to refinance over $7trn in debt this year. Ultimately the Fed will need to help keep rates low and likely start to flood the market with liquidity
These insane deficits the US has been running have largely been funded via the pivot to bill issuance and draining the RRP to the tune of $2trn
There’s little over 200mio left in the RRP. Once that’s drained, Fed will have to end QT
The debt ceiling gives some reprieve and brings more liquidity as the TGA gets drawn down, but after that, the Fed will need to do some form of “not QE QE” to stop another repo blow up a la 2019
So base scenario is US data rolls over from here (eco surprises have started to turn negative) and the dollar and yields top out
Liquidity floods the market in Q1 with the RRP drain followed by the TGA drawdown alongside the necessary end of QT, all the while the Fed will need to start some “not QE QE” monetary operations to stop another repo funding blow up
China will flood the market with liquidity also in an attempt to reflate and rest of world will be cutting rates and increasing liquidity
Events this week are all bringing us closer to the liquidity damn breaking and flooding markets
This bull market not close to being done 🚀
wdym? inauguration is soon, it is likely that Trump will hammer on the points that he mentioned during the campaign process [tariffs, more jobs in US] both have inflationary effects + increased employment
FED hawkish tilt at last meeting insinuates they wont cut rates anytime soon [only two cuts priced in for 2025] if inflation is steady & economy is strong that becomes even more likely
tariffs on imports will cause higher prices for consumers just like they did after trump's tariffs in 2018
onshoring jobs will cause higher prices bc US labor is much more expensive than cheap labor overseas + will create more jobs for the economy
if there isnt any reason for the FED to cut rates aggressively then they wont, & market has been overly focused on this as a sure thing that will happen
market is overly optimistic on administrations effects on markets & stocks are already at peak ATH valuations - although strategic bitcoin reserve is extremely bullish its unlikely he is able to implement a strategy to buy 5% of the BTC supply in the first year, while current prediction markets assume 30% chance of him implementing it in the first 100 days
regulatory tailwinds for defi and stablecoins are going to be amazing in medium to long term, but also likely dont get any real bills passed in the first ~6 months, real effects will likely play out 2027+
gives credence to the theory that 2025 & 2026 wont be up only, but rather markets readjusting & a slower uptrend, especially considering how stocks have been straight vertical since end of 2022 - for crypto we will likely continue to see pockets of outperformance pop up every few months from innovative tech [like ai16z, virtuals] or from really strong founders [like ethena, hyperliquid] & there will be more focus on consumers joining crypto than ever before because of teams like [base, abstract, b3, parallel, etc] but its unlikely we see an up only alt season like we did in 2021 when vapor when 100x just bc money was infinitely free
if instead we have a year(s) where majors are mostly sideways, even if they dont go down -70% then most market participants would consider that a bear market because retail is overwhelmingly in altcoins, & typically don't rotate well to the flavor of the quarter [see defi/eth pairs topping in august 2020, but "bull market" continuing until late 2021]
grantf retweeted
Jesus christ wtf
"Chinese venture capitalists are hounding failed founders, pursuing personal assets and adding them to a national debtor blacklist when they fail to pay up, in moves that are throwing the country’s start-up funding ecosystem into crisis."
"in its recent report on redemption rights, said they had turned entrepreneurship into a “game of unlimited liability"
"Once blacklisted, it is nearly impossible for individuals to start another business. They are also blocked from a range of economic activities, such as taking planes or high-speed trains, staying in hotels or leaving China. The country lacks a personal bankruptcy law, making it extremely difficult for most to escape the debts."
ft.com/content/38f1e51b-83b8…
grantf retweeted
Why do we believe in $COAL?
There's a certain magic in mining and earning your own tokens.
With a fairly distributed memecoin, no pre-allocation, and gamification, the opportunities to create and enjoy fun experiences are incredible.
ALT People hard at work in a mine
grantf retweeted
Gm miners! 🎄🎁
This Christmas season we will be holding a charity raffle to raise donations for the American Lung Association in support of Coal Worker's Pneumoconiosis.
Before the raffle goes live next week, we are asking for $COAL donations from community members.
You can support this initiative by sending $COAL or any other token (which we will convert to $COAL) to this charity wallet: 7JesbDUCXFiQgNgRYEvY3tNWT7VfRHF7A8cmpXNZX5Ef
Raffle tickets will be sold in SOL and 100% of the raffle proceedings will be converted to USDC for donation to the American Lung Association.
A special thanks to David from TWPool who has already donated 3000 $COAL 🙏
