I'm sorry saying a meme coin has a good "team" is downright ridiculous lol. There is nothing to even do. Like saying the casino is going to give you better odds... end of the day they will dump everything and evaporate.

You have no idea the types of work necessary to take a token from 0->$1.5 billion in market value in under a year and a half and do it the right way. It doesn't happen by luck.

Pitching liquid funds, pitching exchanges, paying exchange listing fees, negotiating market maker contracts, setting up OTC relationships, marketing, community management, creative direction, etc. It's an enormous operation.

Leander said:

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You have no idea the types of work necessary to take a token from 0->$1.5 billion in market value in under a year and a half and do it the right way. It doesn't happen by luck.

Pitching liquid funds, pitching exchanges, paying exchange listing fees, negotiating market maker contracts, setting up OTC relationships, marketing, community management, creative direction, etc. It's an enormous operation.

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Pnut the squirrel did it in less than a week. So yea... it does happen by luck.

All I'm saying is that the only goal of the "team" is to drive the price as high as possible to dump on retail.

PNUT is a classic example of doing it the quick and dirty way. It cost them tens of millions millions and was anything but luck. There's a reason you won't see PNUT getting listed on Coinbase.

And obviously the goal for everyone here is for price to go high. The goal of an entrepreneur is so make their company as valuable as possible with the goal of exiting for as much money as possible. This isn't unique to memecoins.

PNUT the squirrel is 100% getting listed on coinbase....

Bro moo deng got listed there.

TxAG#2011 said:

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Leander said:

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You have no idea the types of work necessary to take a token from 0->$1.5 billion in market value in under a year and a half and do it the right way. It doesn't happen by luck.

Pitching liquid funds, pitching exchanges, paying exchange listing fees, negotiating market maker contracts, setting up OTC relationships, marketing, community management, creative direction, etc. It's an enormous operation.

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Pnut the squirrel did it in less than a week. So yea... it does happen by luck.

All I'm saying is that the only goal of the "team" is to drive the price as high as possible to dump on retail.

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Yup. Anyone putting any value in these things beyond the pump and dump is just asking to lose money. Crypto hedge funds are traders. They don't GAS about anything but driving sentiment as high as possible so they can sell. Exchanges want nothing but volume. If you can deliver consistent volume, you can get listed. 99% of coins will amount to absolutely nothing outside of a profit engine for the creators at the expense of idiot retail traders.

Any thoughts given to some DeFi platforms like aave and uniswap? They have been talking for years about profit sharing with token holders. However the SEC has been so aggressive against DeFi no one has done it. I'm thinking with a new SEC head we could see some DeFI platforms do profit sharing to garner more volume on their platforms etc.

I could be wrong but that's my current play. I'm accumulating uniswap and aave at the moment.

Yukon Cornelius said:

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Any thoughts given to some DeFi platforms like aave and uniswap? They have been talking for years about profit sharing with token holders. However the SEC has been so aggressive against DeFi no one has done it. I'm thinking with a new SEC head we could see some DeFI platforms do profit sharing to garner more volume on their platforms etc.

I could be wrong but that's my current play. I'm accumulating uniswap and aave at the moment.

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I'll look into it. I'm not sure I see the value in much anything outside of BTC. I just trade good setups. But open to being educated.

I agree with that statement. However looking shorter. Year or two out. Market sentiment will turn towards DeFi protocols if we get favorable SEC head. I think of uniswap in particular because they've have had to create a robust legal department to deal with SEC. So if any one of them flip on profit sharing they will likely be first.

Not to mention they also have their new protocol platform and layer 2 sent to release last month. Delayed because I suspect the election results. Might be waiting for a new SEC

One thing I'll add is it's not as straightforward as new administration -> enable revenue sharing.

These are companies with a ton of VC funding. It's not in the interest of the company or its shareholders to enable revenue sharing with token holders, and fiduciary duty may get in the way of this ever happening.

If a Uniswap or similar protocol were to go down this route though, we would see most others quickly follow and there is no doubt many tokens would reprice higher very quickly.

I disagree. The "shareholders" are token holders. They want those babies to pump.

But they're not. I'm a private investor in quite a few DeFi protocols. Token holders are not on a company's cap table.

So you own shares of those DeFi platforms? How'd you get in that? Did you also get token distributions?

followed up in DMs

Threw you a buck, make me rich.

DOGE and BTC are dropping. I don't have much of either - but I dumped them for now (and for reference, just a couple hundred bucks - I'm new to all this)

Leander said:

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It's the mog logo

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To the Mog! Got some last week.

ClickClackAg31 said:

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JMac03 said:

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DOGE and BTC are dropping. I don't have much of either - but I dumped them for now (and for reference, just a couple hundred bucks - I'm new to all this)

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Buy the dips. Don't sell them. At least for BTC. Doge is a toss up…pure memecoin. 2025 should be a great year for all coins though.

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That's what I'm doing. Been buying IBIT since $24 up to the dollar amount i had decided on.


Recently decided to increase by total $ by 15% so I'm buying a lot higher but oh well. Don't plan to sell a time soon.


If it dips really big, like another 15 or 20% I may get a little more.

JMac03 said:

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DOGE and BTC are dropping. I don't have much of either - but I dumped them for now (and for reference, just a couple hundred bucks - I'm new to all this)

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Don't panic sell. Have a plan. Stick to the plan whether up or down or sideways.

How much if any concern is there about quantum computers breaking bitcoin security?

I've noticed a lot of movement in quantum computer stocks lately and Google recently had some breakthrough with their quantum computer

Definitely a long-term concern, but so is everything else in the modern world that relies on classical cryptography (banking, investment brokerages, medical records, state agencies, etc, etc, etc).

Google's blog today is absolutely a major breakthrough. They mention solving a problem on Willow in 5 minutes that would take basically eternity on the fastest modern supercomputer (10^26 years). The combination of quantum and AI is simultaneously amazing and frightening.

That said, post-quantum cryptography (PQC) is a thing and there are methods that can be employed to harden against this. We're already doing this in relatively inexpensive SoCs and it's not super expensive.

RED AG 98 said:

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Definitely a long-term concern, but so is everything else in the modern world that relies on classical cryptography (banking, investment brokerages, medical records, state agencies, etc, etc, etc).

Google's blog today is absolutely a major breakthrough. They mention solving a problem on Willow in 5 minutes that would take basically eternity on the fastest modern supercomputer (10^26 years). The combination of quantum and AI is simultaneously amazing and frightening.

That said, post-quantum cryptography (PQC) is a thing and there are methods that can be employed to harden against this. We're already doing this in relatively inexpensive SoCs and it's not super expensive.

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Will such counter measures be capable of being applied to bitcoin, or is there no way to apply counter measures to bitcoin? The code is written and it is what it is

It's a long term issue, not near term. Willow is 105 qubits; cracking bitcoin will require 200-400 million qubits per Grok. But Willow is still damn impressive and the most demonstrable quantum compute have today.

Here's the google blog post on Willow. This doesn't feel very China-lab FUD to me like most of the news...

https://blog.google/technology/research/google-willow-quantum-chip/

jamey said:

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RED AG 98 said:

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Definitely a long-term concern, but so is everything else in the modern world that relies on classical cryptography (banking, investment brokerages, medical records, state agencies, etc, etc, etc).

Google's blog today is absolutely a major breakthrough. They mention solving a problem on Willow in 5 minutes that would take basically eternity on the fastest modern supercomputer (10^26 years). The combination of quantum and AI is simultaneously amazing and frightening.

That said, post-quantum cryptography (PQC) is a thing and there are methods that can be employed to harden against this. We're already doing this in relatively inexpensive SoCs and it's not super expensive.

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Will such counter measures be capable of being applied to bitcoin, or is there no way to apply counter measures to bitcoin? The code is written and it is what it is

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There's a lot of time to get this addressed. All security protocols will have to be updated to PQC eventually, including those used by bitcoin.

RED AG 98 said:

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It's a long term issue, not near term. Willow is 105 qubits; cracking bitcoin will require 200-400 million qubits per Grok. But Willow is still damn impressive and the most demonstrable quantum compute have today.

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Willow strikes me as potentially being optimized for the specific computation. Will be curious to see if it can perform that way in an open arena.

Wouldn't normal bank accounts and everyday life become far more endangered than btc? And if so doesn't that add value to btc?

I tend to agree here. It's a specific problem for now; how that scales or applies outside of this context remains to be seen. I still think this might be one of the most important discoveries of 2024.

CEO of Google, CEO of Lightspark (formerly PayPal), and Elon. Absolutely buy the dip will full confidence if it does in fact dip; I'm not trying to convey fear or doubt at all. Still incredibly remarkable achievement by the Willow team.

Sooooo any good quantum resilient blockchains to frontrun the quantum narrative? Only one I'm vaguely aware of is cellframe

Any blockchain could adapt higher security protocols if endangered.

Bitcoin isn't even close to endangered at the moment.

if BTC encryption ever gets close to being endangered there are way more concerning things to focused on