I'm not sure I spelled his name correctly; I'm sure it's ok.

So Defi 2.0 is definitely in a bit of a pickle right now. (Get it? Pickle? Yearn ecosystem? Total #failproject?) Daniele Sesta's wonderful $TIME project seems to be imploding along with OlympusDAO, a project I referred to glowingly in the past. I don't take any of that back, because both of those projects did exactly what they were supposed to do. I hope you were taking profits gradually on the way up, because who knows what is going to happen now.

What's happening right now is a lot of Twitiots are pissed at Sesta for letting $wMEMO fall below the "backing price." The backing price is the level at which the boys behind the bread are supposed to buy back their own shit. If the price for any reason falls below a certain level, you can count on buy pressure from the treasury itself. Well, that didn't happen so far. $wMEMO is like 33% below its backing price, and people are angry as hell about it.

Full disclosure, I'm in $OHM and $wMEMO and have losses. Notice I didn't say I suffered any losses. Because I never made this thing out to be anything bigger than what it was. And I really don't have losses. I took out my initial capital + like 20% while $OHM and $TIME were the darlings of the defi world. I didn't make stupid gains, but I didn't lose anything, either. 

Look, dullards. It's like this. I don't care how complex the whitepapers are. Don't care how smart the math is. Price can only go up or down. That's it. More often than not, if it's not doing one, it's doing the other. XD So you prepare for that by getting your plan together when either scenario presents itself.

Because I took my rent money out of $OHM and $wMEMO looooooong time ago, I'm going to completely ride this dump out. All the way to 0 if necessary. That gives time for Sesta, Cronje, Sifu, Zeus, whoever, to fix shit if that's what his goal is, or it gives me time to see he was a complete scammer the whole time. Probably somewhere in the middle, honestly. If you got lucky early on in crypto, then you find you can make hundreds of millions more just by giving a bunch of monkeys another Messiah to worship, I don't see why you wouldn't play that game. It's like, if I create something cool, fine. If I don't, fine. I already gave the disclaimers, and I'm smart enough to justify away my personal culpability for anything that happens. So let's rock and roll!!!!!1

Bottom line, idiots. Daniele Sesta, Andre Cronje, and all of these founders/devs are just folks who got lucky in crypto early on. They decided to experiment with crypto because they were personally shielded from the results. (Andre says it outright that he's just playing around. He's like crypto's Elon Musk, and Sesta isn't even a fucking tech guy, so WTF). They incentivize you to serve as guinea pigs for their experiments by giving away some of their money. So you can't get mad when they decide to stop giving away their money or even take some of it back from the more stupid among you.

Whether or not Sesta or Cronje are scammers, morally sound or somewhere in between, the real fucking issue is you. All of you Twitter shits filling up the timeline with a cacophony of nonsense about "my money's gone, I hate you" bullshit because the price of $OHM or $wMEMO went down. Price tends to do that sometimes. These guys don't owe you shit. This shit is literally the easiest money anybody in history has ever made. You should be happy you have the ability to put money into a financial experiment that will benefit your grandchildren by showing what does and doesn't work. And what really doesn't work is a bunch of nobodies who can't code shit getting mad when they don't make instant money from an experimental protocol on a digital ledger that's still in beta based on a financial system that's only been around 12 years. Gimme a break.

I'm not buying more $wMEMO; I'm not selling anything, either. I'm just staking on Pendle and Morpheusswap. My $OHM is in $gOHM, and I don't even remember the site it's on any more, honestly. I have to go back into my notes. Big takeaway guys — remember this is all a game. Not just crypto; I mean the whole thing. The way to win is to try as hard as you can but not give a shit about the outcome.

And to obey the first commandment. Worship no crypto God over Alucard. Not Sesta, not Cronje, not Zeus, not Sifu. Alucard. The first and last, the alpha and omega, is Alucard. Now get your fucking shit together. You've got a McDonald's interview tomorrow.

Another thing. I talk often about the fallacy of judging crypto by its fiat price. This is just another example of how you're always going to get fuckt if you do that. Why? Because people with WAAAYY more fiat than you will always control that price. You need to find another metric by which to measure your investments. The only reason $wMEMO is tanking — hedge funds like Alameda Research are pulling out, scaring the rest of you terds, and now your $wMEMO Telegram friend is pulling out too (while he's telling you he's hodling XD XD XD) It has nothing to do with the fundies of the project. Because like I said before, the complexity of the fundies don't matter if no one is playing the game. And the bottom line is, once enough fiat has been made, the big fiat guys are gonna take their fiat ball and go fiat home. So if you're in this for the fiat, go home with them. If you're in it for the real shit, you have more assessment to do.

...

I'm not done. GodDAMMIT people are so fucking stupid.

One of the big reasons $TIME and $wMEMO got a huge boost was when Sesta created Abracadabra.money to allow morons to lever up their $MEMO 10X. Keep in mind that $MEMO represented a rebased version of time with an APY between 40,000% and 80,000% APY at any given time. Twitiots praised this as some kind of financial revolution and gladly took every bit of the bait.

Now that Alameda and whoever else is tired of the ponzi and pulled out, you've got people going "we should remove all leverage options for $TIME, $MEMO and $wMEMO. It turns investors into degens." Excuse me... numbers on a screen have the ability to change your fucking biology? You. Deserve. To. Lose. Every. Piece. Of. Money. You. Have. Ever. Made. FUCKING IDIOTS!

These are the same FUCKING twatwads who vote for their governments to overspend then riot when those governments rein in the money. THEN vote for that same government to put restrictions on itself as long as those restrictions don't affect them personally. Crypto has definitely not changed the mindset of the majority of people. Fucking simple ass fucks. Get out of my market. aflhgiAGSUGAIWEUOWEGODHFSGAOD SHDAMMIT FUUUUCK YOU SON OF FIVE BITCHES DAMMIT SHIT you fucking monkeys