Threadguy says losing $27 million is no different from losing $1k: “Jesse Livermore turned $187 into $1.6 billion and ended his life in the red” “Dude, I think it's easier than people are giving credit for to lose $27 million. It's gonna sound crazy, but it's really not that much different if you went from a mill to 30 back to a mill in the same year. It's basically the same thing as going from 1k to 30 back to 1. It's not that much, it's the same act.” “When you see this strict rope guy turn a million to 27, then back to a million, and you ask how is that possible, I would propose to you Jesse Livermore, arguably the greatest trader to ever live, definitely the most famous, turned $187 into 1.6 billion and ended his life in the red.”

Dev says Satoshi's coins would be stuck if OpenAI broke elliptic curves “And then it turns out every single blockchain except early Bitcoin users has an ability to recover their funds even if elliptic curves are frozen. This trick is called a seed phrase. And so basically everyone except the NPC users can be totally fine with enough engineering.” “Satoshi coins is a different situation. Satoshi coins can be frozen but probably not spendable, because the trick that makes everyone's funds spendable comes from seed phrases. Seed phrases were an invention in blockchain history, so Satoshi predates seed phrases. So that's a problem.”

Mert says Justin Drake is wrong about AI breaking crypto: “You are much more likely to lose money going into bunker mode” “Unlike Justin Drake's post suggestion, this is not only extremely unlikely, but it's extremely unlikely even in the sense that something does happen. The thing that would happen is nowhere near as bad as what Justin is suggesting in that post.” “Even if you do imagine that is by far the worst thing that we have ever seen, and it's like AI, OpenAI comes out tomorrow, even in that case, not only do you still have recoverability, but you still have many other types of cryptography available as well.” “And this is why I posted: you are much more likely to lose money going into bunker mode than for this to actually happen, right?”

Mert claims Zcash is the best-positioned chain for a quantum break: “When it comes to tail risk, you either go to zero or you survive” Threadguy: “Is that trivial for every network to do that? You could just upgrade with it” Mert: “If the incentive is that strong, like you’re gonna die unless you upgrade, then I would say probably everybody would be able to upgrade” Mert: “It’s literally just a store of value; it’s not programmable in the same way that Ethereum is” Mert: “I would say Zcash is the best prepared for that”

Threadguy explains how $86 million was exploited from Ledger by a reseller

Threadguy says GTA 6 will flop: “I don’t think it’s gonna be this intergalactic domination for 10+ years”

Rasmr says Frank thinks AI and quantum hacking is bullish for crypto “If AI is gonna hack banks, if AI is gonna hack the internet” “What is safe besides cryptographically secured meme, content, finances, etcetera”

Rasmr says Ansem was born the day Tupac died and Tupac is alive in Philadelphia “If you look at the day that Tupac, RIP, passed away, it actually coincides with Ansem's birthday. September 15th, 1996 is the same day Ansem was born, and it's also the day Tupac died” “A lot of people don't realize this; a lot of people want to deny it” “He's not in fucking P Diddy's basement. He is living in Philadelphia”

Threadguy lists the worst crypto crashes in history and says 10/10 was worse than FTX and Mt. Gox “The FTX collapse, I will never forget it. Peak to wick, the market was already pretty brutalized, minus 26.8%. Crypto market cap lost 200 to $250 billion” “But you know what they can say about FTX is, at least we knew. At least we had somebody to blame, okay, because on October 10th, when we only wicked down 21%, the total crypto market cap, and it somehow resulted in $850 billion evaporated” “Three times bigger than the FTX crash. 200 times bigger than Mount Gox. We still live one year later with essentially no explanation”

Threadguy says someone he knows lost $10 million in one hour on 10/10 from old stink bids “He had stink bids from a month ago that were placed like Hyperliquid bids, $HYPE is at $40, he has bids at like 32, 30, 28” “It was crashing so hard that they would get filled and instantly liquidated, filled, instantly liquidated, filled, instantly liquidated as it went down in a straight line”