K-Hole

New on Peak: established coins can’t be vamped. Every coin already gets its ticker, name and launch tweet locked for 3 days. Now the protection doesn’t stop there. If your coin is alive, $20K+ market cap (or graduated and holding $10K+) and still trading, nobody can launch your ticker or name on Peak. No copycats. No sniping your name the day after the lock ends. Build something real and Peak protects it for as long as it’s alive. Coins that die or stop trading free their names back up, so nobody can hold a good name hostage. The trenches, without the vampires. launchonpeak.fun

How much money has been lost to vamping and pvp. You find a good trend/meme, buy a token early, but then the cabal launches a bundle with the same name and runs it to millions. AI wouldn't do everything, it would be a neutral arbiter following a public prompt and set of rules

it's worth noting every cycle, near the bottom of the bear, there's a period of time where the threat to crypto *feels* existential, in a credible way. i don't think it's a real bear market, nor do we get a real bull market, until something like this flushes out "tourists" (as much as i hate that phrase) if you weren't there, or were there and forgot, the period of time bracketed below, but especially the circled area.. i almost sold everything there this was the debanking era. honestly felt even worse than what we're experiencing today. it wasn't down to "unknown advances in quantum/AI cryptography" (that many cryptographers dispute the timeline of) it was down to the stroke of a pen/will of a few bureaucrats. basically any/all financial institution involved in the plumbing that supports being able to on/offramp crypto was being both openly (and secretly) undermined with a goal of destruction everything would have gone to zero. i know some people were like "but btc/crypto is permissionless and decentralized and cypherpunk! no central entity can shut it down!" yeah but you know what central entities *can* do, if they have the right regulatory/agency backing, and political environment? effectively remove the "buy" button for 99% of users by killing the intermediaries that provide rails/UX for anyone that's not a 2010-era computer science nerd. i remember at the apex of this, headlines came out that the NYS AG was suing ethereum (or something similar) which was my biggest holding at the time thankfully lawsuits brought by coinbase/other parties were beginning to very, very slowly lead to victories in courts, and soon enough, we got the ETF news, and we were off to the races again this time, the existential threat has a different face/shape/name, but serves the same purpose. we can't have big upside without big risk. those that are plugged in enough to see a light at the end of the tunnel and throw their plums, rod, and chips on the table can reap the reward. been this way for 15+ years. i don't know when we ultimately go to new highs, don't know if we go lower, but happy to sit here and endure the discomfort diaperliquid.

This hack shows why you should use Binance if you use a CEX You get laser fast responses from Tether/Circle etc and they have a massive treasury to refund users and a history for doing so and a massive community all eyes tracking and monitoring whats going on which you dont get elsewhere The insight is don’t expect to be the exception and instead think about how it can succeed even with an exploit I read about the binance hack tweet and thought about it as much as id decide what to eat for lunch - I think its also why it wont impact price as much as people might think This is not about Defi or Cefi it needs to have that kind of structure either way- not be surprised and have no plan Same with investing in general consider being wrong upfront - the biggest mistake people/companies/governments and protocols make is only working from view that things will only go right Any exchange or protocol you have money with MUST have a track record/protocol and treasury for dealing with hacks - just saying they have good security is not enough no matter how good it seems Also why I dont recommend using obscure hardware wallets or random exchanges as even if they technically might be better how they can deal with it when something goes wrong is just as important Id rather for example have money on Binance and have a hypothetical higher chance of being hacked knowing they would refund then an exchange which has low risk but if hacked you would have no recourse (I dont have funds on there and no conflict of interest ) @cz_binance @binance