This is why so many rich kids become obsessed with unusually hard hobbies (HYROX, Ironmans, ultramarathons, survival expeditions, extreme sports, Everest, etc.)
They’re not necessarily masochists. They need a result where observers, and more importantly themselves, can’t immediately say “yh but your dad…”
Money contaminates most conventional achievement because it can buy you the introductions, runway, education, safety net, first customers and endless second chances. Physical suffering is different. Your dad can hire the trainer, buy the bike and fly you business class to the race, but he still can’t run the last 30km of an ultra for you.
And then you get this funny achievement inflation. Once normal difficulty becomes accessible, you need increasingly absurd difficulty to produce the same clean proof of competence:
A 10k stops feeling exceptional → marathon → Ironman → 100km ultra → Marathon des Sables / UTMB → whatever is sufficiently painful and scarce to still mean something.
Same for mountains: Everest with oxygen → without oxygen → harder mountain → unsupported → faster, etc.
It’s especially funny because their normal life has usually been optimised to remove exactly the things they then seek recreationally: cold, danger, physical exhaustion, uncertainty, getting lost, carrying your own stuff, sleeping badly, not knowing whether you’ll make it. Generations of family wealth go into eliminating friction, then the descendants spend their weekends putting it back in.
And of course an entire luxury industry now exists to package the hardship nicely. Black Tomato sells a “Get Lost” experience starting around £20k per person where they privately transfer you somewhere remote, give you equipment and training, then make you navigate back to civilisation while an expedition team invisibly tracks you as a safety net.
Basically the final stage of wealth is paying a lot of money to recreate problems your grandparents spent their lives making sure you’d never have.
Most rich kids I've encountered, and especially the high-agency/ambitious ones, feel deeply miserable and find any life pursuit inconclusive. They can never obtain the certainty that they are actually good at something.
Every signal is basically contaminated. Did the company work because they are talented, or because the family funded five years of losses and supplied the first customers? Do people enjoy their company, or the access around them? Do they genuinely want to make films, launch a fund or live in New York, or have they simply never been forced to choose?
Every success is discounted by the surname, introductions and safety net. Every failure is inconclusive because it never becomes existential. Dad can just recapitalise the experiment and let them try on another identity.
This also explains why so many rich kids become obsessed with weirdly legible forms of achievement and scoreboards: elite credentials, ultramarathons, artistic recognition, military service, extreme physical transformation or businesses built completely outside the family industry.
They become desperate for some uncontaminated proof of competence. One arena where the surname, family network or inheritance cannot explain the result.
If there’s one luxury inherited wealth can’t buy, it’s the certainty that you deserved your own life.
MrPotato retweeted
I have built a spreadsheet. It has 847 rows. Each row is a community bank in the United States with a market cap below $200 million, a price-to-tangible-book ratio under 0.85, a non-performing loan ratio below 0.4%, and a CEO who has been in the role for at least twelve years. I update it every Sunday from 6 AM to 11 AM while my family attends church without me. I have visited the headquarters of nineteen of these banks in person. I have eaten a complimentary lobby cookie at each one. The cookies are how you can tell. A bank with a good cookie is a bank that respects its depositors. A bank with a stale cookie is a bank that will be acquired within 36 months at a 40% premium. I am never wrong about the cookies. The cookies have never lied to me. The cookies are the only thing left that tells the truth.
A security researcher just documented a large-scale counterfeit Ledger Nano S Plus operation selling compromised devices across multiple online marketplaces.
The fake units look identical to the real thing but contain completely different hardware. Instead of Ledger's secure element chip, the counterfeits run an ESP32 microcontroller with modified firmware labeled "Nano S+ V2.1." Seeds and PINs are stored in plain text and transmitted to attacker-controlled servers. Any wallet initialized on the device is drained.
The operation goes beyond the hardware. The sellers also distribute a fake version of Ledger Live built with React Native and signed with a debug certificate. It intercepts transactions and exfiltrates sensitive data to multiple command-and-control servers. The campaign spans five attack vectors: compromised hardware, Android APKs, Windows executables, macOS installers, and iOS apps distributed through TestFlight to bypass App Store review.
This comes days after ZachXBT documented a separate fake Ledger Live app that made it through Apple's Mac App Store review process. That operation drained over $9.5 million from more than 50 victims, including musician G. Love, who lost 5.92 BTC after entering his recovery phrase into what he believed was the legitimate app.
The pattern is clear: the attack surface for hardware wallet users has shifted from firmware exploits to supply chain and distribution fraud. The devices themselves remain secure. The problem is that users are being intercepted before they ever touch a real one.
Ledger's own "genuine check" feature can be bypassed when the hardware itself is compromised at the source, which makes where you buy the device as important as how you use it.
The rules haven't changed, but they've never been more important: buy hardware wallets only from the manufacturer. Never enter your recovery phrase into any software. If a companion app asks for your 24 words on a screen, it's a scam. Every time.
MrPotato retweeted
Why don’t they just tokenize the oil in the Middle East and transport it across permissionless financial rails, thereby avoiding the Strait of Hormuz altogether
MrPotato retweeted
GIVEAWAY🚨
We hit 50K .skr owners so we've teamed up with @SOUL_CASES to giveaway a case to 10 Seeker owners
How to enter;
1) Must be following @AllDomains_ & @SOUL_CASES
2) Drop your .skr domain in the comments
3) Like this Post
4) RT this Post
Enter before Wednesday 17th @ midnight (UTC).
Good luck!
MrPotato retweeted
The Presale is about to drop, get whitelisted now! 😉
Drop your Wallet here: datodurian.typeform.com/pres…
Ends on July 9, 2025.
Get whitelisted to our first ever Farm Presale! 📸
MrPotato retweeted
How I'm splitting my stablecoin yield farming.
1. 20% 'degen looping' aiming for 45%+ APY. I use mostly @Contango_xyz and @eulerfinance here. High-maintenance, have to keep a close eye on supply and borrow rate.
2. 30% 'fixed' yield with @pendle_fi PTs aiming for 12% PY. I go for anything that is over 3 months long and with enough liquidity that my yield doesn't get rekt by slippage.
3. 50% 'set and forget' aiming for 6-8% APY. Previously used Aave or Compound. Now all in @gauntlet_xyz USD Alpha. 8.03% and planning to have this one run long term without changing as it auto allocates to vaults, claims and compounds rewards and I don't have to keep an eye on it.
I've been able to maintain a healthy 14+% APY on stables which I've been super happy with. I mean DeFi is so much superior than whatever you can get in TradFi savings it's crazy.
I may rebalance, mostly down-risk, depending on how much time I can allocate to keeping an eye on rates, opps etc...
Always mindful of smart contract risk so hedging across multiple strats.
MrPotato retweeted
The Conviction Market just got funded!
Led by @cyberfund & @Delphi_Ventures with backing from some of the sharpest minds in the space with the highest conviction ;)
Prediction markets were the prototype. Conviction Markets are the evolution.
@xomarket
Here is my story: 🧵
MrPotato retweeted
"XO Market: Permissionless Conviction Marketplace"
📬 xomarket.substack.com/p/xo-m…
XO is building the first open platform where anyone can turn their conviction into a tradable market. From crypto debates to fandom predictions, we’re unlocking the conviction economy - with @celestia underneath.
In our first Substack post, we explore:
→ The Problem with Prediction Markets
→ What Conviction Markets Unlock
→ How XO turns Belief into Signal
Subscribe to our Substack to get future XO insights straight to your inbox.
MrPotato retweeted
In 2022, McKinsey was paid $55M to advise Warner Brothers to combine with Discovery.
From 2022-2025, McKinsey charged Warner Brothers Discovery $37M by advising the company to change HBO to HBO Max, then to Max, then back to HBO Max.
In 2025, McKinsey billed Warner Brothers Discovery an additional $63M to determine that Warner Brothers and Discovery should be separate brands again.
Warner Bros. Discovery to Split Into Two Companies variety.com/2025/tv/news/war…
MrPotato retweeted
Elon knows the games the media plays, so he decided to mess with them at the cabinet meeting by writing "Top Secret" on his note pad, knowing they would be snapping pics of his notes / phone. 😂
MrPotato retweeted
PayPal 🤝 Solana
SOL is coming to Venmo and PayPal — bringing Solana to users around the world with just a few taps.
Exciting news! @PayPal is expanding our U.S. cryptocurrency service by adding Chainlink (LINK) and Solana (SOL).
🔵 Chainlink (LINK) enables advanced smart contracts by connecting real-world data to the blockchain.
🔵 Solana (SOL) is known for its fast transaction speeds, supporting a vibrant ecosystem of decentralized applications.
You can now buy, hold, sell, and transfer LINK and SOL in your PayPal and @Venmo wallets.
MrPotato retweeted
1/ New episode – Building the Infrastructure for Onchain Fixed Income Products with @mytwogweis from @TreehouseFi
Hosts: @richhomiecon and @jimmyfpe
We discuss:
- Discovering the risk-free rate onchain
- Liquid staking, rehypothecation, and capital efficiency
- Why DORs (decentralized offer rates) > LIBOR/SOFR
Timestamps:
00:00 - Introduction
03:09 - Brandon's Transition from TradFi to Crypto
05:12 - Core Concepts of Borrowing Rates in TradFi
07:59 - On-Chain Rates and Their Implications
09:05 - Comparing Bitcoin and Ethereum as Risk-Free Rates
12:22 - Staking Yield as a Risk-Free Rate Analogy
14:08 - Liquid Staking Explained
21:34 - Treehouse's T-Asset Product Overview
23:46 - Decentralized Finance and Risk Considerations
29:30 - Institutional Involvement in DeFi
31:12 - Expanding to Other Chains and Market Strategy
32:34 - Introduction to Decentralized Offered Rates (DOR)
41:34 - Building a Decentralized Benchmark Rate
48:09 - Incentives and Accuracy in the DOR Framework
Watch on all platforms below ⬇️
MrPotato retweeted
🚨🇪🇺 Geo-Political Scholar Jeffrey Sachs
Schools the EU Parliament on the reasons behind the Russia Ukraine Conflict.
Every-time Legacy Media or a Politician states the was is “unprovoked” is a complete lie.
This doesn’t even include some of the more grotesque activities Ukraine has been well documented as being involved in.





































