need to update my book.

am currently in ZEC long (consolidated all other longs into this, because its all the same trade anyway) and in PRL. i initially midcurved the high emissions and it was hard to buy at 1.55 when i have rage sold 0.60$ a couple weeks back. but thats trading, best shooters have the worst memory. only the present day counts. playing the cards you have been dealt today is all that matters.

what made me buy was this new idea that is floating around that if btc could become an „ai-loser“ then people gonna be look for coins that are „ai-winners“ at some point (credit to b16z, threadguy and jude for championing this idea). and i think PRL is the clearest expression of this concept. it is not only not suppressed by AI, it even forms a synergistic effect with AI. it gets stronger alongside rising demand for compute.

i still think at some point emissions will overpower all of that and the whole thing comes crashing down gloriously. but i think it will go much higher until this happens. i also hope we get perps for this at some point.