State of the trenches with Robert Chang
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Welcome back to The Gwart Show! Today, Robert Chang, crypto trader and prolific Twitter shitposter, joins us to talk about his wild ride through crypto's highs and lows - from being a Luna lunatic to losing everything on Hyperliquid, navigating AI agent metas, getting rugged by VCs stealing his ideas, and why internet capital markets might just be elaborate poker chips with better marketing.
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• Luna looping strategy led to total account loss
• Hyperliquid refunded liquidation due to oracle issues
• AI agent tokens hit incredible market caps in 2024
• Worm project went from idea to 4M market cap
• A16Z agent reached peak before January market top
• Most crypto VCs are "incredibly stupid" mercenaries
Timestamps:
00:00 Start
00:24 Robert's background
01:20 Working in crypto
05:11 Lately
07:07 Traders vs users
11:07 Hyperliquid early days
13:10 Markets recently
15:05 Bigger names enter market
16:27 Current market
20:50 AI agents
22:48 WORM
26:12 WORM goes to zero
28:47 Elipsis Labs
29:48 VCs sniping ideas
32:43 ICM
36:08 ICM (this time is different)
44:05 AI16z value proposition?
47:15 Base
50:05 The future
54:15 Bullish VC coins?
58:28 Alliance DAO
1:01:28 Bullish on what?
1:04:32 Ryan Park
1:07:28 ETH (don't call it a comeback)
1:08:23 BTC is mid
1:09:16 Wrap up
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