Now More Than Ever
Necessity is the mother of invention, and we keep seeing why Hot Bot is needed now more than ever. Here's the bad news and the good news.
TLDR: Necessity is the mother of invention.
We keep seeing why Hot Bot is needed now more than ever.
My Nov 7 article on X had the bad news and the good news.
The Bad News
The problem we started Hot Bot to solve is playing out on the timeline in real time.
On-chain analysts published allegations that influencers promote coins from their public wallets while selling from hidden ones.
Some of it is on-chain.
Some of it is screenshots.
I'm not here to judge anyone off of screenshots.
The reality is that none of it is new.
The Snake Eating Its Own Tail
The market right now is "Socialfi": community trading, or rather cosplaying as community trading.
But this community is gated.
Every trader outside starts from a losing position before they even enter a trade.
FnF allocations, cabals, bundled launches, vamps and coordinated launches all feed the daily runners.
A handful of people post massive PnLs daily.
But what about everyone else?
They are quietly losing in a game that is rigged.
The Good News
Crypto adapts.
Innovation, community and culture are what make crypto great, and they've always led to better markets.
Leaders across crypto, finance and tech are saying publicly where trading is going: agentic trading, powered by specialized models and proprietary data.
That's what we've been building.
- Vlad Tenev, CEO of Robinhood, called agentic trading "the next big shift in how people invest."
- Nikita Bier, former Head of Product at X, said the only moats left are proprietary data, network effects and a physical component.
- Brian Armstrong, CEO of Coinbase, expects specialist models to win more and more narrow tasks.
- Y Combinator's latest crypto Request for Startups calls for agents that trade. We've applied.
- Iqram Magdon-Ismail, co-founder of Venmo, told us: "This is what the future looks like and everyone will want it."
Nothing has changed for us.
The Bigger Picture
Hot Bot makes trading possible for anyone.
No more blindly following influencers.
No more endless research, guessing when to buy and when to sell, or staring at charts all day.
With Hot Bot, setting up a strategy and improving it is as easy as having a conversation, by voice or text.
What We Chose
We're bootstrapped, with no outside investment.
Max (@0xWhoismax) and I are both full-time, and we've put our own money in from day one.
We've turned down paid KOL deals that didn't fit our values, and reinvested everything we've earned.
Our changelogs, articles and videos are public, so anyone can watch us build.
Why the Gates Are Closed
We know there's an ocean-sized market for what we're building.
So we're taking a methodical approach to our rollout.
Dial in the product with traders who love it first, then open it up to everyone.
We're building with a long-term vision in mind.
In Closing (for now)
Our goal remains the same: the commoditization of specialized trading intelligence, for all.
Economic freedom, actually open to everyone.
That's the future we are building.
I am a realist and an optimist.
There will always be bad actors in this space, no matter what we do.
We're still called to do our part: give traders technology to help them avoid scams, vamps and traps, and build their own strategy.
Max and I stand to be a voice of reason.
Together with your help, we will cleanse the trenches. 🔥🤖