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Joined February 2019
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Chumba.var retweeted
. @DTAPCAP shares why RWA perp trading could be the next big bet in crypto, pointing to HYPE and @variational_io
“I think HYPE is a great bet. I’d like to securitize as well. Historically the valuation has gone up and down. You have to buy things at the right price”
“I think RWA perp trading is something that will be very big, with a very large TAM. Variational is one way to play that, I think HYPE is another”
“There’s only a handful of ways to play. Just think about how many centralized exchanges there are. You have Binance, you have Coinbase, you have Kraken, OKEx”
“This is just the very beginning of perps, and I think RWA perps, because that’s something innovative”
@50TFunds
E191: @DTAPCAP: Where are we in the Great Crypto Wealth Cycle
Dan Tapiero is the founder of @50TFunds and a 35-year investor who learned under Julian Robertson, Steve Cohen and Stan Druckenmiller. We discuss what wealthy people actually do differently, why most speculators lose, and where the next leg of crypto comes from.
Timestamps:
0:00 Intro
2:05 What Rich People Understand About Money
3:54 Why Dan Isn't On Instagram
5:18 The Biggest Myths About Getting Rich
6:43 Advice That Keeps People Poor
9:49 How FOMO Becomes The Wrecker Of Wealth
15:25 Partnerships: @variational_io @Bitwise
16:17 What People Shouldn't Optimize For In Crypto Today
18:20 Mistakes People Make In Their 20s & 30s
20:54 Knowing When To Sell Is A Skill All Should Learn
25:54 Skill vs Patience In Wealth Building
28:54 Why Do People Sell Their Winners Too Early?
30:46 Partnership: @KASTxyz
31:34 Where We're in the Great The Crypto Wealth Cycle
37:20 Dan's Thoughts On Zcash's Progress
39:50 $HYPE and $VAR are The Best Ways To Bet On RWAs Going on Chain
43:01 How Bullish Is Dan On NFTs?
45:38 What Smart People In Crypto Get Wrong Today
48:26 Partnerships: @JupiterExchange @ethena
49:09 Why All Monetary Value Will Go On Chain
51:21 Where Should A 25-Year-Old Spend Their Energy?
52:57 The Secrets To Getting Rich In Crypto
58:04 What Does A Rich Life Look Like For Dan?
59:58 Closing Thoughts
Chumba.var retweeted
Everyone keeps saying that this means the war is going to resume tomorrow (Sunday). Here’s the thing, Israel’s election is on Tuesday, so I bet that nothing happens tomorrow and Monday afternoon is when things get spicy.
Chumba.var retweeted
I am that GenZ. GenZ born from 1997-2001 is legit the superior generation to any other. Tech literate and OG enough at the same time.
Chumba.var retweeted
i think i can pretty confidently say that $VAR won't launch below $1.5B FDV
which already puts one point somewhere around $43-50
and for most people that's already a cook (myself included)
however, i think what happens between now and TGE could make that valuation look conservative
variational specifically mentioned "major strategic partnerships" (means multiple) that could redefine its trajectory
that's the part of the announcement i'd pay the most attention to
lucas previously worked at Goldman Sachs, so he has a background in TradFi
could we see partnerships with some of the biggest institutional market makers? or maybe even a major exchange?
obviously just speculation, but i doubt the team would push back TGE unless they believed these partnerships were worth the delay
and with Omni Pro and the Trading API still on the way, there's a lot more to look forward to than just the token launch
keep in mind variational isn't your average "farm the airdrop and f*ck off" protocol
i think people are focusing too much on what $VAR could be worth under current circumstances and not enough on how much those circumstances could change before TGE
Chumba.var retweeted
Pretty much everyone on CT that isn’t friends with Flood liked this comment
All his friends are now posting “Who does CT think they are to attack him based on his looks? CT is UGLY!”
Since I’m not his friend or simping for his money, I’ll tell it to you straight:
It’s not actually about his looks
It’s about the way he treats others
For years, the main part of his persona has been “who you are is based on what you have, and I have a lot of things you never will”
I have said it once, and I’ll say it again: who you are is NOT what you have, but how you treat others
He’s consistently treated others poorly, and that’s why they’re all attacking him
Chumba.var retweeted
This is how banks are planning to stop those "agentic bank runs." Watch closely: their business model depends on seeding this narrative that AI agents are dangerous.
Remember, an "agentic bank run" (coined by Apollo) means agents helping customers move their own money en masse to higher-yielding products.
Once agents are ubiquitous, there are only a few ways for banks to hold onto cheap retail deposits.
Option A: Raise APYs (lol no)
Option B: Reduce leverage via fewer loans (no fun)
Option C: Ban AI agents, claiming they are a security risk (ding ding ding)
Cloud agents like Muse and Dot are trivial to stop, since they come from Meta / OAI IP ranges. If JPM sends them a cease and desist, they will comply.
Why would JPM bother? Because their business model depends on it; a huge portion of their ROE comes from cheap retail deposits. This is not theoretical. Just like Amazon banned Muse from shopping there to protect their ad revenue, JPM and Schwab have already banned AI agents to protect sticky deposits.
Are agents perfectly reliable today? Of course not. But look at the fix they chose. Not "here's a safe API for agents," it's "no agents ever." That tells you they're not protecting customers, they're protecting themselves.
No company ever wins a technological revolution this way. It's the last gasp of a dying business model. It's like the retailers who refused to put their inventory online and demanded users walk into the storefront. Over time they will lose market share to those platforms that embrace what's coming. Their whole deposit franchise depends on users unthinkingly clicking through walls of T&Cs and accepting 0.2% when the risk free rate is closer to 4%. Agents read the fine print and do their research, even when humans don't.
For users, the answer is simple: local AI agent frameworks like Hermes, that will actually act on your behalf and that the banks can't block. As the article says, if the agent is running on your own computer, they can't actually tell it's not you.
SCOOP: Major U.S. banks are detecting unauthorized third-party AI agents inside customer accounts, including some attempting to take actions that appear to be independent of user instructions, sources told Axios.
The findings have alarmed banking executives, who are racing to restrict access to their systems as AI moves at a velocity faster than financial institutions can respond, multiple industry and bank executives told Axios.
Several banks are now preparing for worst-case and even “day after” scenarios, including how to rapidly secure or restore customer accounts if things go wrong, the people said.
Several bank executives told Axios they're struggling to distinguish between human users and AI agents. One executive said banks also struggle to determine whether agents are authorized by customers or potentially operating without their permission, more akin to rogue agent behavior.
Read my latest for Axios here: axios.com/2026/10/22/ai-agen…
Chumba.var retweeted
SCOOP: Major U.S. banks are detecting unauthorized third-party AI agents inside customer accounts, including some attempting to take actions that appear to be independent of user instructions, sources told Axios.
The findings have alarmed banking executives, who are racing to restrict access to their systems as AI moves at a velocity faster than financial institutions can respond, multiple industry and bank executives told Axios.
Several banks are now preparing for worst-case and even “day after” scenarios, including how to rapidly secure or restore customer accounts if things go wrong, the people said.
Several bank executives told Axios they're struggling to distinguish between human users and AI agents. One executive said banks also struggle to determine whether agents are authorized by customers or potentially operating without their permission, more akin to rogue agent behavior.
Read my latest for Axios here: axios.com/2026/10/22/ai-agen…
Chumba.var retweeted
>open twitter
>cybersecurity oomfs freaking the fuck out about php melting down
>scroll a little more
>diplomacy oomfs freaking the fuck out about the us preparing to resume large-scale strikes on iran
it’s all here on x the everything app
Chumba.var retweeted
🚨BREAKING: White House fraud hotline overwhelmed with reports about the Federal Reserve banking system.
Chumba.var retweeted
🚨 BREAKING : Polymarket CEO Shayne Coplan caught using COMPANY MONEY for Private Jets flights.
Peter Thiel caught him red-handed using his investment money as a personal wallet.
Founders Fund, Peter Thiel's fund, discovered that Shayne had charged the following as company expenses :
- private jet flights
- apartment rent
- designer clothes
They immediately demanded a FULL REFUND
Shayne was forced to reimburse the money.
ICE and Founders Fund then teamed up to push for stronger financial controls
They were the one that forced Shayne to appoint a COO.
You remember Shayne's ChatGPT written tweet gleefully announcing the hiring of Collin McKinney Hill as COO ?
I called it extremely suspicious at the time. Turns out i was right, investors basically forced Shayne to hire him as a soft coup.
I don't know how long Shayne can stay in place when their main investors have lost confidence.
