Steady Lads
Steady Lads #27: Narratives, Airdrops, and Points w/ Hal Press • Founder of North Rock Digital
Jan 26, 2024
Hal Press, Founder of North Rock Digital, joins the Lads to discuss GBTC outflows, new launches, airdrop narratives, and points in the crypto market. They explore the impact of price agnostic flows, sustainability of high valuations, and the psychology behind selling airdrops. They also touch on the upcoming launch of Jupiter on Solana and the humorous exchange about crypto speculation. The chapter on conditioning, airdrops, and points delves into the emotional impact of staking and missed opportunities.
50:54
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Quick takeaways
- Altcoin performance tends to suffer when new coins are launched, due to increased supply in the market.
- Parity trading in the crypto market allows for risk reduction and variance by taking simultaneous long and short positions on different tokens.
Deep dives
The speculation-focused nature of crypto attracts criticism
Hayden Adams tweeted about people hating crypto due to its focus on price speculation. Ansem responded, pointing out that the entire use case of crypto is to allow anyone to speculate on coin prices.
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