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A steal. Virtually.

why

Aiight stop the world, I’m getting the fuck off.

Out banksy’d the banksy with this one!

Most Banksy thing ever

This makes perfect sense for Banksy

Seems NFT is what rich ppl uses as money laundering

This is quite possibly not only the most Banksy thing Banksy could/would do, but also the most NFT thing the NFT space is currently willing to pay so much ETH for.

I really don't understand anything any more. I am both excited and terribly confused, so I'm just going to go and sit down in a corner and hodl.

I like NFTs, but still having a hard time coming to grips with destroying something, and having the lack of the thing be more valuable than the original.

TLDR: “An original Banksy artwork burned by a group of crypto-savvy artists has sold for 228.69 ETH, or roughly $380,000 at purchase.”

Nice. But I’m drunk. Saved.

That lightning pool UI looking sexy af, gonna work on getting this setup tonight.

I was inspired by the guy that shoved something up his ass for bitcoin

Snapshots:

1. Norwegian energy company Aker ASA l... - archive.org, archive.today*

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tldr; Norwegian billionaire Kjell Inge Roekke, the majority owner of Oslo stock exchange-listed Aker ASA, has set up a new company dedicated to investing in bitcoin projects and companies. The new entity, Seetee AS, will keep all its liquid investable assets in bitcoin and will also enter the bitcoin mining industry. "In Bitcoin speak, we will be hodlers."

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

I think this is the under-reported/underestimated story going on right now. The focus is almost exclusively on S&P500 or other large American companies investing in BTC. But there are other countries and other companies all over the world. Americans aren't the only who can do the math on crypto vs fiat, and they certainly aren't the only ones whose central bank is printing money like it's going out of style.

We know about some of the larger companies because they are legally required to report their BTC holdings. But how many companies which don't have similar reporting requirements because either their country doesn't require them or because they are privately owned are doing the same? I would argue that, because they don't have regulatory or shareholder revolt risk, they are likely adopting at even higher rates than we're seeing in the US.

Even though “Swivel, Taco” is #0005 in the collection, it was the first one to be minted! Making it Taco Bell's very first NFT! Their activity page shows it all.

Proof https://i.imgur.com/Z7iH1iR.jpg

source: https://rarible.com/tacobell?tab=activity…

Place your bids here: https://rarible.com/token/0xd07dc4262bcdbf85190c01c996b4c06a461d2430:236696:0x10138d0bf1e7b2b14a833a1a36ca8449b5172919…

Announcement tweet: https://twitter.com/tacobell/status/1368807880434982912?s=21

Dang Taco Bell knows it’s market. I had no interest in NFTs until I saw this... and I want it now

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Nice.

Da fuq am I supposed to do with a digital taco

Yo quiero NFTaco Bell

Here's their tweet about the launch:

https://twitter.com/tacobell/status/1368807880434982912

Pretty trippy video

Non-Fungible Tacos

Unfortunately BTCs big voice and large network effect makes BSV like an old fart in the shadows these days.

That is the guy who mobilized his friend and bought 600m worth of GME stock last month

Their aim sounds like they want to convert electricity to bitcoins. Fine. So why buy bitcoin? It’s not as if they needed cash and coins to give change.

Same goes for Tesla announcing they will accept bitcoin as payment. Why buy bitcoins except to speculate? It’s not going to hedge against decreasing value.

Having never heard of "stranded renewable energy" before, this excerpt from the article was interesting.

"Sec­ond, See­tee will es­tab­lish min­ing op­er­a­tions that trans­fer strand­ed or in­ter­mit­tent elec­tric­i­ty with­out sta­ble de­mand lo­cal­ly—wind, so­lar, hy­dro pow­er— to eco­nom­ic as­sets that can be used any­where. Bit­coin is, in our eyes, a load-bal­anc­ing eco­nom­ic bat­tery, and bat­ter­ies are es­sen­tial to the en­er­gy tran­si­tion re­quired to reach the tar­gets of the Paris Agreement. Our am­bi­tion is to be a valu­able part­ner in new re­new­able projects. "

I wonder if they would scale their energy usage with local demand, though I doubt it.

The letter is long and vague. I get the impression that Kjell Inge and the team doesn't really know what to do.

Stopped reading at "cypherpunks invented Bitcoin"

Absolute morons. They will be sorry

NEW INVESTMENT OPPORTUNITY!! Discord: https://discord.gg/qw2wWNmR8e

They may be preparing themselves for this conference.

tldr; Hong Kong-based Meitu has purchased $22 million in ether and $17.9 million in bitcoin for its treasury. Meitu said it bought 15,000 ETH and 379.1 BTC in open market transactions on March 5. The company said it's evaluating the feasibility of integrating blockchain tech into its overseas business.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Woo-hoo i rode the wave.. from 1.50 Canadian to 1.60 something lol.

Get what you can . We see the future. Like when horse and buggy was your transportation and here come smoking cars. Change.,

Well well well

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cryptolicious501 said:

Lol maybe this is why BTC. Maxis are so salty...

mercistheman said:

Maybe we forgot to consider how many international companies might be interested in adding crypto to their books... Undervalued potential windfall?

thebritishisles said:

Nice, CCP-owned companies controlling even more of the biggest cryptocoins

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septhaka said:

First publicly traded company to disclose buying ETH for its treasury function.

coinfeeds-bot said:

tldr; Hong Kong-based Meitu has purchased $22 million in ether and $17.9 million in bitcoin for its treasury. Meitu said it bought 15,000 ETH and 379.1 BTC in open market transactions on March 5. The company said it's evaluating the feasibility of integrating blockchain tech into its overseas business.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Nice, CCP-owned companies controlling even more of the biggest cryptocoins

#FLIPPENING

Maybe we forgot to consider how many international companies might be interested in adding crypto to their books... Undervalued potential windfall?

Lol maybe this is why BTC. Maxis are so salty...

Pump!!!

tldr; Hong Kong-based Meitu has purchased $22 million in ether and $17.9 million in bitcoin for its treasury. Meitu said it bought 15,000 ETH and 379.1 BTC in open market transactions on March 5. The company said it's evaluating the feasibility of integrating blockchain tech into its overseas business.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

BigM4cro said:

This is actually an enormous Chinese tech company for those of you who don't know. It's market cap is about the same size as Bank of America ~ 300B USD

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touringwizard said:

Everyday baby

Krunkworx said:

This is huge for Eth. It’s taken a back seat to institutional investors. The flippening is happening!

This is actually an enormous Chinese tech company for those of you who don't know. It's market cap is about the same size as Bank of America ~ 300B USD

I usually agree with a lot of what Dan Held says, but after watching his debate on bitcoin Vs alts with Eric Voorhes, Dan failed to justify his opinion sufficiently in my eyes. At the end of the day opening the innovativation door and immediately shutting it behind yourself is not very fair or smart. There is more to come in this space that Bitcoin set the scene and paved the way for.

Lyn Aldens was way better. I can’t believe he skipped over POW vs POS. It’s the most important difference. POS has Nothing at stake essentially becoming another version of fiat where wealth is created out of thin air, wealth is never distributed well, energy is, pow has unforgeable costliness, pow provides a base price with a cartel to defend it, pow tells time on its own, pow is useless if forked because you can’t copy paste the miners, pow incentivized nation state level industrial buy in, listen to some Saylor on What is money or Bitcoin Audible and Tales From the Crypt have many episodes describing the need for pow for a sov and monetary base, Antonopoulos covers it too. Pos is great for a utility coin. Probably better. No need to waste as much energy just for an NFT or some such. Imo they are very different and we have yet to see if Eth can find a permanent fit but I wouldn’t bet against it, just don’t bet on it to replace Bitcoin.

Thanks, OP, stimulating read!

A couple highlights and things I agree/disagree with:

Bitcoin is distinctly different than all the other blockchains because it has had a persistent narrative since day one: Gold 2.0/SoV

Many DLTs have a persistent narrative, and as the chart points out the Gold 2.0/SoV one wasn't the dominate narrative in the early days of BTC (although it was always pervasive).

​

The Ethereum community has endorsed radical changes/pivots, trying to find narrative fit

2 things.

1. the narrative of the personal computer (for instance) will necessarily be more storied than the narrative of say, A wall safe. There's no particular need to read into this. The more versatile instrument will have more narratives. In part because each use-case has it's own story, but also...
2. "the ethereum community endorsing radical pivots" is actually Ethereum attracting and creating and growing many unique new communities.

​

Ethereum is an aggregator of these narratives, trying each one out over the years in an attempt to seduce Bitcoin and other believers.

???. The lady doth protest too much, methinks

(Later talking about EIPs)

These constant changes leave Ethereum open to exploits and attacks. As evidenced recently by the near constant stream of DeFi thefts, and weakened decentralization.

IMHO, Eth decentralization remains a real pain-point. But is the author citing real exploits enabled by Eth protocol changes? Or is he causally relating the hacks of poorly audited food coins with protocol level Eth changes? Genuinely asking. I suspect the later, but welcome corrections.

​

"The [Ethereum] annual issuance rate with all those annotations kind of looks like it was drawn by a Bitcoiner making fun of Ethereum"

Lyn Aldeen is a fucking national treasure!

​

With Ethereum, they’ve embraced a constantly changing monetary policy. In effect, they’ve replaced suits (central bankers) with devs. This is no different than existing fiat money where we have to trust in a group of individuals not to change the monetary policy.

IMHO this idea carries the entire piece. Of course there are caveats (Eth monetary changes do require community consensus / governance, etc). But at the end of the day the stability and reliable monetary policy is what makes bitcoin Bitcoin.

Dan Held is a biased Bitcoin maximalist, and I wouldn't take his opinion on Ethereum any more than than I'd take Fox News' opinion on climate change.

That was an interesting read, thanks for posting it! I like them both, there are trade offs for each and I think that's OK! Ethereum is emerging as such a versatile platform, but at the same time Bitcoin as the oldest and most battle-tested crypto has tremendous value. Don't make me choose! 🙂

The Ethereum community has chosen to embrace features of centralization such as having Vitalik remain as the leader of Ethereum, and increasing the difficulty of running a full node.

With Ethereum, the community has embraced accelerating costs of running nodes, which pushes developers and users to be increasingly reliant on trusted 3rd party node operates such as Infura.

"The [Ethereum] annual issuance rate with all those annotations kind of looks like it was drawn by a Bitcoiner making fun of Ethereum, but instead that's from an Ethereum source. Various Ethereum Improvement Proposals or 'EIPs' by developers have changed its monetary policy over time as needed for various reasons." How can we trust that Ethereum's monetary policy won't change again? How can we be sure that it won't be a detrimental change? Even if the Ethereum community agrees it will never change, and it honors that, it will perpetually be 12 years behind the trust that has been built with Bitcoin.

Long read but critically important. If you can understand that you'll understand what Michael Saylor has been talking about in interview after interview. I'll try to sum it up in a TLDR for my own benefit.

TL;DR: Argues were entering a rising rate environment. Ranks assets for a rising rate environment, bitcoin comes out on top. If interest rates rise then stocks, bonds, and real estate are screwed. Argues trillions in the bond market will flow into Bitcoin. Also suggests going long interest rate volatility, though how to do that is trickier.

Also how would someone who is just a noob play the tightening side of the curve? He says interest rate swaptions but even after reading about them I don’t understand them. Is retail essentially just fucked with no realistic hedge for if the fed raises rates?

Thanks, very interesting to read, even though I only understood half of it.

That article is too long. So what is the scam? What is he asking people to do?

Does he not believe in the possibility of a UBI? He completely ignores that that prevents an uprising in a low rate high inflation environment for quite a while. It’s a third option he doesn’t even mention. And since the other two are hyperinflation leading to regime change/world war Or economic apocalypse, it’s seems a fairly likely option to me.

Especially since with that option politicians and bureaucrats get to kick the problem down the road a decade or so to the next generation. That’s always the option they choose. Less immediate pain & pass the problem down the road.

Nice post cheers

TLDR. Build a portfolio of long crypto plus long interest rate volatility. Walk away and watch the fireworks.

This guy is the biggest crypto scammer since Paolo. Fuck him

tldr; Arthur Hayes, a former bodybuilder, has created a portfolio comprised of beta to participate in the upside, and volatility hedges that compensate and eclipse losses on the downside. The strategy is the simple output of Nassim Nicholas Taleb’s musings about anti-fragility and engineering a life that exhibits positive convexity, he writes. "In 2021, inflation is coming. Everybody knows, that everybody knows," he adds.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Meanwhile most buttoshies are either massively in the red or tiny ass gains compared to what crypto has done in the last few months alone. If we go back a decade, buttoshis will be long on a rope and noose.

Yet the circlejerk here has to go on lmao

Why all these people always say to long Bitcoin after it did 15x in a year?

Ugh... I just lost 90% of my brain cells.

"How I convinced idiots wanting a quick and easy way to get buffed to buy overpriced supplements an roids back at the gym, but now is overpriced make belief currency and idiots wanting to get rich quick and easy on the internet. I even use the same buzz words."

-Adult posting 4chan incel memes wanting to be taken seriously.

Weird that this article is apparently garbage, but no one can point out a factual error? This sub used to have people that were proficient in the relevant fields.

Lotta words in this one, lot o' words

Who does this joker think he is? He’s an internationally wanted fugitive and he’s LARPing as a financial guru🙄

What the hell is this shit? I got through the first few paragraphs and saw convexity, vanna, volga, and vega, and stopped reading.

I'm not sure who this guy is, but I'm sure he did nothing wrong, and all this is good for Bitcoin.

The writing is as good as the illustrations.

So much word salad! Does anyone read through entire articles like this or do they just skim and think "he's smart" and hand over their money??

At least as a former bodybuilder, he'll be right at home in the weight room in prison.

^(I before E except after.... W!)

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no, they're just trying to pump doge for a quick buck

That thumbnail is the stuff of nightmares

I'm so confused about Top Shot, like should I be using it or nah?

JUST RICH BILLIONAIRES MAKING UP A PRODUCT TO MAKE MONEY

​

TOPSHOT IS FUCKING STUPID but i understand thats how we are heading , the digital age

Maybe the new nba blockchain can finally fix the ratings issue.

Rad

Fuck joe Tsai

Relevant portion of the article regarding the scope of the committee:

The move comes amid the exploding popularity of NBA Top Shot, digital collectibles that are being sold by league licensing partner Dapper Labs on its Flow blockchain. More than 200,000 people entered a recent Top Shot release, and the resale marketplace has seen more than $300 million in sales.

“It has very little to do with Top Shot,” Cuban said in an email. “It’s about blockchain applications, of which Flow is just one option.”

Some NBA teams are already accepting cryptocurrencies in their arenas, and blockchain-driven businesses in gaming, sports betting and digital art—all areas of interest for the league—are beginning to reach a more mainstream audience.

In addition, the NBA’s younger, tech-savvy fans overlap heavily with the social media movement that is driving interest in alternate forms of investing and blockchain-enabled transactions. That’s true for its players as well—Andre Iguodala, Aaron Gordon and JaVale McGee are all Dapper Labs investors; as is Spencer Dinwiddie, an avid crypto-enthusiast who tried to tokenize his NBA contract in 2019. It’s unclear if a Top Shot equivalent for MLB or even the NFL would have had the same instant cultural impact.

Less public-facing, blockchain could also be used for myriad backend purposes, from data sharing, storage and security, to contracts and ticketing—any area in which it’s helpful to have a complete, digital ledger of ownership and transactions.

I never realized that the there are active NBA players invested in the company behind TopShot.

List of team Governors involved.

• Mark Cuban (Mavericks)
• Joe Tsai (Nets)
• Ted Lenosis (Wizards)
• Steve Pagliuca (Celtics)
• Vivek Ranadive (Kings)
• Ryan Smith (Jazz)

Not surprisingly all of these members of the committee have either a tech or finance background. Cuban and Ranadive had been publically supportive of broader blockchain applications in the past. The Kings were the first team to accept Bitcoin back in 2014.

Is anyone else confused as to why Topshot is worth so much?

I think there was a LeBron play that was purchased for $200k, can't you just get it off of YouTube?

I can understand why stocks, currencies, cryptocurrencies, OG player trading cards, and cards like pokemon can increase and decrease in value. I don't get how a virtual card containing a "highlight" accessible for free on media sites, garners any real monetary value.

Adopting dogecoin ( Corporate America ) This Is The Way 😤

Dope

1:06:50 timestamp

tldr; Cipher Mining on Friday said it will go public through a merger with blank-check firm Good Works Acquisition Corp in a deal that values the combined company at $2 billion. The deal will provide the merged entity with gross cash proceeds of $595 million, which includes $425 million from investors including Fidelity Management & Research Company and Morgan Stanley's Counterpoint Global. The combined company is expected to be listed on the Nasdaq under the ticker symbol 'CIFR'.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.