1/ The Golden Age of Ronin Starts NOW! We have just submitted a transaction to break down the allowlist for deploying contracts on Ronin. From this moment forward, Ronin is open. Here’s what this grand opening means for our movement 🧵👇

Bad market has caused a lot of unrest among retail. Many are looking to explain the underperformance of alts against BTC. Many say "too many altcoins" or "pumpfun (memes) sucking up retail liquidity". Many are missing the reality: A major player is missing. This player acted as the gasoline for extreme performance in most cycles. This player: Creditors who would underwrite altcoin buyers. The market no longer has a Celsius, a BlockFi, a Genesis. These groups, fueled by the low interest rate environment, pumped massive liquidity into funds. Many funds I spoke to back then had access to zero collateral lines of credit. While there weren't (and still aren't) many liquid funds at the time, their size and asset selection was historically amplified by these loans. Note that unlike altcoins, Bitcoin has access to creditors visa vis tradfi through products like Strategy and the various BTC ETFs. These products aren't recycled into alts because they can't be. They are structured vehicles. These credit lines have caused a slight dislocation in performance since the same credit lines are not extended to liquid funds who typically play in alts. While retail has short memory, creditor have a longer memory. They will come back. They will pump the market. They will make the same mistakes. But they aren't here today. @cmsholdings' chart below is correct. Know where you are. Don't over extend. We have a lot more ground to cover this cycle, but we have to be patient.

12. Either way this time has been different

$sol is a hilariously clever symbol because of the solidity ‘.sol’ extension, which makes every contract on eth a sneaky ad for solana

WoW and crypto chat with @fozzydiablo and @lakejynch come hangout: