long degeneracy , hype WILL win , ¶
Hyperliquid
Joined October 2018
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bliquidc.hl 🌊 retweeted
PEARL is now live on BitGo. Eligible BitGo clients can hold, transact, and secure it with two wallet types.
🏦 Multi-signature cold wallets are BitGo Bank & Trust qualified custody wallets: segregated, bankruptcy-remote, and insured up to $250M against loss, theft, and misuse.
🔑 Multi-signature self-custody hot wallets are available for clients who want to hold their own keys.
Both wallet types include institutional-grade security and policy controls.
@prlnet
so what i understand from this paper situation is that currently we will not get the “premium multiples” from the valuation of the token itself , but we just have the yield instead , and will get diluted overtime
aws of long degeneracy
keep expanding
smoltrade.xyz is LIVE
built ontop of @papertrade_xyz, smoltrade provides you with additional tools for TA as you plan your next move + the ability to take out your anger on @inversebrah if things dont go your way
there are no additional fees and you still earn the same amount of $paper on losing trades.
gpaper, gwassie, and good luck to us
90% haircut and its still top 5 of all projects
and all of u are bearish?
Paper will be obvious in hindsight
anyone who post papertrade revenue declining on weekend is a retard , there is a feature on X called “block” for this kind of people so you can improve ur timeline
this is ¶ , inference + block rewards
People forget that in Feb @citrini did say the market was going to peak in October…
Encourage you all to go back and read the rest of it. What’s important is he establishes the framework that will guide Macro sentiment going forward:
Old regime: Compute $ was king
New regime: Aggregate AI revenue is king.
AI revenue at the beginning will come from labor demand, therefore revenue up means wages/income growth down.
Take a simple idea and take it seriously - Charlie Munger
Pearl will win
The bull case for Bittensor was an appeal to Maximalism “Think Bitcoin but with arbitrary reward functions”. This was a good first pass at a useful implementation of Bitcoin, it might still work. But Pearl has narrowed in on a more authentic design “Think Bitcoin with MatMul”, The difference manifests in complexity
Bittensor is far more complex than Pearl. If Bittensor got it right, that’s not necessarily a bad thing. But if they’ve got it wrong, then there’s revision after revision after revision to get to an end state that might never fully work (read: what version of Bittensor are we currently on?)
By nature of the simplicity Pearl is kinda a more clear moonshot. It might also fail, but wherever it goes, you can get there quicker. And if Pearl is “correct” you’ll also get much bigger
pearlified
Our Pearl FP8 miner on Hopper is now within 2% of the hardware's theoretical limit under Pearl's mining rules.
29% faster than Pearl's open-source miner. Even faster than NVIDIA's cuBLASLt on mining workloads.
And it runs alongside live inference, delivering over 50% of its full mining hashrate during prefill-heavy serving with zero loss in inference throughput.
bliquidc.hl 🌊 retweeted
a note about weekends on hyperliquid.
most weekends on hyperliquid see a small window of semi-scheduled maintenance, usually but not always saturday afternoon east asian time. these windows present systemic challenges to papertrade by consequence of hypercore block production briefly halting, and the short "post only" period across their books that follows.
due to this, there are two things to know. the first is that we will be progressively lowering the leverage and OI caps available on papertrade from up to 60 minutes before the window begins, and will not be processing any trades after the upgrade at all until such a time as the "post only" period is over, and we can confirm the books are live once more.
finally, since the oracle will remain stale for some of this period, should off-chain prices deviate too far from our last recorded mid price such that the exchange faces systemic losses on either our ETH or BTC markets, it is possible we may have to freeze one or both of the markets.
once frozen, a markets oracle price is locked, forever, and will stop updating with the hyperliquid books. traders with positions in such a market are free to close them out at their leisure at the last recorded BBO price before the freeze.
we do not anticipate this will ever be necessary to trigger, and we are working with the hyperliquid team in order to try and improve the experience during exchange downtime in the future.