Toady Hawk

@toady_hawk

Oct 24

Eva Beylin

@evabeylin

Oct 24

arthur hayes trades spot like they're perps

Toady Hawk

@toady_hawk

Oct 24

Peykan.base.eth

@perayd572

Oct 24

Can $BASECAT and $BLUECHIP survive this bear market?

Coinbase listing, CT hype, and a lot of history. Was it just a short lived run? Or are the @base trenches just getting started?

I asked myself all these questions and came to just one conclusion:

I still believe in the Base trenches.

Toady Hawk

@toady_hawk

Oct 23

Toady Hawk

@toady_hawk

Oct 23

KOLs after suppressing a @base coin’s momentum by selling into every single pump

Toady Hawk

@toady_hawk

Oct 23

taylor

@taylor_

Oct 23

imd.fun is alive

opcode

@opcodesec

Oct 23

Delivery Guy

@StonksDGUY

Oct 23

Snippet of @opcodesec talking about base:0xe34356dcd3d7bb991248f322e4ec31b5d60bc54e at the @base Meme Summit.

Toady Hawk

@toady_hawk

Oct 23

Feel.cash

@feeldotcash

Oct 23

25 years ago today, Steve Jobs put 1,000 songs in your pocket.

Happy 25th birthday, iPod. 🎂

To celebrate, we're airdropping 25,000,000 base:0xa6af0cea8fbc93e1eccc00f1fdd9a0bba251fee1 (~$22K) to holders.

10,000,000 already sent to 276 wallets via Disperse on @base.

The other the month ends. Snapshots can hit any time.

Just hold 100K+ base:0xa6af0cea8fbc93e1eccc00f1fdd9a0bba251fee1 to be in. 👀

Toady Hawk

@toady_hawk

Oct 23

Feel.cash

@feeldotcash

Oct 23

25 years ago today, Steve Jobs put 1,000 songs in your pocket.

Happy 25th birthday, iPod. 🎂

To celebrate, we're airdropping 25,000,000 base:0xa6af0cea8fbc93e1eccc00f1fdd9a0bba251fee1 (~$22K) to holders.

10,000,000 already sent to 276 wallets via Disperse on @base.

The other the month ends. Snapshots can hit any time.

Just hold 100K+ base:0xa6af0cea8fbc93e1eccc00f1fdd9a0bba251fee1 to be in. 👀

Fred Velez

@Fredvelezcrypto

Oct 23

Toady Hawk

@toady_hawk

Oct 23

BTW, @carlosjmelgar and I are kicking off an experimental new X Spaces series called Base Trenches Weekly (BTW), where we will cover everything that’s happening with memecoins, trends and tokens on @base.

The first episode will be next Tuesday at noon EST and we’re excited to Base + @Fredvelezcrypto and @SupremememeBOSS from @TEMUonBASE and @StonksDGUY.

RSVP using the LUMA below, grab your helmet and we’ll see you in the trenches. 🫡🫡

Toady Hawk

@toady_hawk

Oct 23

Gigi 🇻🇪

@itsthatgigi

Oct 23

Today during the @base summit had a chance to ask @jessepollak how do they plan to win attention in memecoins when Coinbase distribution alone isn’t enough

His answer makes me think we might have a base szn coming soon 👀

Toady Hawk

@toady_hawk

Oct 23

Naz

@nazimahmed

Oct 23

Big Drop Alert! 🃏🔥

Teamed up with my friend @toady_hawk to bring TOADY’S POKER CLUB to @setzapp!

A poker-themed collection backed by $TE, base:0xa6af0cea8fbc93e1eccc00f1fdd9a0bba251fee1, base:0xb200000000000000000000cfbdf64a8706a94a01 & base:0x020eaeee24bcad37cb9a01aa1f8c591c47341ba3.

📦 Packs are $50 USDC, with 95% of primary sales used to buy the backing coins on the market and deposit them into the collection’s vault.

Every card holds a redeemable share of those coins. Keep them, trade them, or burn them anytime to claim its backing.

🎰 Want a shot at the Legendary? We’ve added one to the SETZ GACHA with approximately $90 USDC worth of backing coins at current prices. Spins are currently $4.88 and pull a random collectible from the machine, not necessarily this collection and qualify for an upcoming base:0x020eaeee24bcad37cb9a01aa1f8c591c47341ba3 airdrop.

Real market buys. New exposure for the coins. More ways to collect. Everyone wins...

Huge thanks to Toady for always showing up for the ecosystem. I’ve already bought two packs!

Happy collecting 👇
setz.one/collect/toady-…

Toady Hawk

@toady_hawk

Oct 23

OSF

@osf_rekt

Oct 23

some random thoughts on short-selling:

- i actually spent most of my career being a bearish trader/trading from short side...i think it's coz i went thru like 5 cds auctions my first 3 years of trading and those were the names i made good pnl on, so i sort of got hell-bent on trying to find those opportunities

- at an investment bank when u like a trade u put the position on and you pitch the idea to clients

- i worked in london (EU HY/distressed credit mkt) for about 7 years and in nyc (US HY credit) for 3 years - as you'd expect the US mkt is way more sophisticated than the EU mkt

- in europe, you could look into a random company that no one else had looked into, realise it was a pos, put out a short trade idea, and people would absolutely shit themselves coz turns out all these sleepy european asset managers just auto-pilot bought everything in the index and never looked into any of the credits

- many of these companies would go on thru messy restructurings (in europe there's no clean ch11 plus have to deal with different jurisdictions)...and if you were able to identify them you'd get a bit of a reputation...."oh no XYZ is short this credit..time to get out"...like no one would defend stuff until it got to a super distressed level

- while i'm sure many bondholders would have been upset, ultimately, if you were right at the end of the day i think people respected that...and also it just went to show how shit and poorly run so many european companies are

- so personally for me as a young trader i thought trading was all about finding shit companies who were telling lies and shorting them and then you become a hero...without realising that the EU HY mkt is absolutely tiny and it is (or was) very easy to be a big fish in a small pond so long as you had some strong views and were willing to take risk

- then i moved to NYC and attempted the same strategy and got my arse completely handed to me. tried the same strategy...finding shit companies that i thought could blow up, putting out short theses etc

- but unlike in europe, americans basically had the opposite reaction. the US HY market is 3x bigger than the european mkt but the main difference is just how people take risk/trade/invest

- it's generally with a positive mindset - risk assets go higher, you get paid to take risk, you get paid to support companies, you get paid to support the economy etc etc...just a completely different mentality and you only need to look at the relative performances of US vs european stock indices to tell you that

- not only that, if you short a company that someone owns a large position in, in europe they would shit themselves and liquidate...in the US they would take it personally and buy as many bonds as they could from you, pull the borrow and squeeze you until you had to cover your short...basically like a proper big boy market

- but what's worse, is when you start to get that reputation as "the guy who shorts things"...people just dislike you. it's perceived the same thing as everyone is having a great time at a party and you turn up and complain the music is too loud or something like that...everyone hates that guy and there's also no real good reason to be that guy

- other thing with shorts is you have to get the timing absolutely right...no one cares if you were "right in the end" but never made money on it

- i remember i had a massive short on WEWORK bonds but the borrow was insane...JPM kept bidding...everyone kept pulling the borrow...our japanese desk had a private bank client who would always call me up to offer bonds which were on a different ISIN that i couldn't actually funge into which made borrow even worse (i always wonder if this was just masa son squeezing me out PA)...but then i had to go on my MBL and the desk ended up covering my short as it got short squeezed...the day i got back the IPO got pulled and the bonds absolutely tanked...no one remembered "ovie was right" because i had no pnl to show for it

- with shorts it really doesn't count if:

i) you get squeezed out of your position before it moves lower
ii) you sit short in a rallying market, massive opportunity cost of capital, and then are eventually right because a broken clock is right twice a day

- in this retail world, if you're actively short and are a cunt about it, i think don't be surprised if people hate you. at the end of the day, there are many hardworking people who own assets...some are trying to earn returns on savings, some are building up to make money for a larger goal and many are trying to change their lives (as is often the case in crypto)

- so i think phrasing things in a certain way can understandably trigger people, and the average human is more emotional than logical to the point where their entire opinion of you can change where everything you've ever done in your life is disregarded just because of that one time you were short and got it wrong (whether you or i care about this or not is a separate question, but it's an explanation of human behaviour)

- so for me, at some point, i realised i could have made way more money buying stuff at the lows than shorting them down to there, have to use way less brainpower, and also not piss people off or be seen as a bad guy and after covid i took a conscious decision to be a "glass half full" guy - unironically the next 5 years of my life i actually made way more money PA than i ever did trading at an investment bank, met some super interesting people and developed some incredible relationships along the way

- it's hard to stand out as a bullish trader because everyone is bullish, and if you're trying to make a name for yourself (which i personally don't really care about i'd be happy just making enough money to make $REKT successful and play golf forever) it can be difficult...but...you do get market periods where stuff sells off aggressively and everyone has turned max bearish...and you can sometimes be in the minority as a bull, advocating for adding risk/buying dips...and when you are eventually right (because markets in general always bounce), you can still be a hero and you haven't pissed people off along the way

- personally i also have a problem with rooting for things to go lower, especially on a macro level or even real companies...it's like...do i really want hardship to increase across families...do i really want people to lose their jobs...etc etc....sure vapourware coins launched by scammers probably deserve to go down...but even a fraudulent company that maybe employers 1000s of people...like all those guys lose their jobs when it goes under and it's a tough thing to root for (even if the right outcome is that they get found out)

- anyway consequently i try not to be bearish, generally don't short things...there are times when i think the market is complacent and advocating for caution is the right thing...but i'm concsious about how i communicate it

- it's funny coz in the past i think i've said stuff like "taken some profits here, feeling a bit cautious about risk but feels like a good spot to lock gains in" - and i'll STILL get a tonne of negative comments calling me a retard etc for selling too early...but ig that just goes to show what you should expect if you are like aggressive/cuntish about shorts

anyway there is no conclusion to this story just felt like writing it cheers

Simbiosa Labs (formerly BETR Labs)@simbiosa_labs

Oct 22

Toady Hawk

@toady_hawk

Oct 7

Of all the ways we imagined the @betrmint story might end, we never thought it would be… with a legal letter from Jake Paul.

But before I get into all that, I want to talk briefly about what @netnose and I have built on @base and @farcaster_xyz over the past 18 months.

During that time, our little neon experiment grew into something much bigger than we ever expected.

You all minted, spun, completed quests, climbed the Karma leaderboard, opened caches, made memes, recruited friends, gave us feedback, broke things, helped us fix them, and (most importantly) you kept showing up and supporting artists onchain.

Somewhere along the way, a humble gacha experiment became a close-knit community.

I’m incredibly proud of what we built together, and even more grateful for the people who made it what it was. You all spun the neon flywheel over a quarter of a million times (!!), driving more than $350,000 in lifetime volume. We doled out over 5% of the token supply as rewards to stakers, and paid out over $75,000 to our featured artists as well.

We especially want to thank @burrrrrberry who poured an enormous amount of herself into helping us build this community since day one. So much of the culture, energy and genuine sense of belonging around BETRMINT exists because of the work she put into it. Thank you.

And a heartfelt thank you to @clanker, and Farcaster, and base for all the ecosystem support provided as well.

Now for the weird part…

When we originally came up with the BETR concept and started planning the branding for BETRMINT and BETR Labs, we weren’t aware of any other competing BETR product.

But as it turns out, there is another company called Betr Holdings, associated with Jake Paul’s Betr sports-betting app, and last week we received a cease-and-desist letter regarding our name and branding from their lawyer.

After considering available options, we decided that spending our time & resources fighting this legal threat would not be a productive endeavor, so we’ve made the difficult decision to agree to their terms, in order to resolve the matter amicably.

This unfortunately means that BETRMINT will have to cease operations and the app will wind down as of Oct 23. We will also have to retire the BETR name & branding, including all associated apps and sites.

Furthermore, this means that we can no longer legally support or promote the BETR token.

Today, for our part, we burned every BETR token held by the team and founders, including our personal holdings, in a single onchain transaction (7% of supply, will link below.) If we find more tokens that we overlooked, we’ll burn those too.

We also took a snapshot of BETR stakers before this announcement. While we can no longer legally support the token or promise it any future utility, we will not forget the people who have supported us the most. Wherever possible, in whatever we build next, we will find a way to recognize & reward the people who came the furthest on this journey with us.

And there will be something next. In fact, we’ve already been hacking for the past few months and something new is almost ready to see the light. More on this soon.

In any case, this definitely isn’t how we imagined the BETRMINT story ending. It’s a difficult day… I told Netnose earlier that it feels a bit like we are putting down a family pet.

But we don’t think this chapter was a failure either.

We built something from nothing. Thousands of people interacted with it. A real community formed around it. We made mistakes, learned an unbelievable amount, met some amazing people, and came out the other side knowing that there are people out there who genuinely enjoy the kinds of weird experiments we like to build.

So to all the Believers, the Belugas, the leaderboard grinders, the artists, the daily minters, and every familiar name we’ve gotten used to seeing:

Thank you for taking a chance on us. Thank you for showing up. Thank you for believing… and finally: GLHF.