Crypto w/ Max | Mannheim

@TBoyd91 Nur BTC? Oder auch andere Projekte?

representing #bitcoin on game day

@CosmoverseHQ @cyber_devs The legend is coming

And the next confirmed speaker at Cosmoverse 2024 is…. 🥁 Valery Litvin, Founder @cyber_devs See you in Dubai, Valery 🇦🇪

Good tokenomics: 100x in a year. Bad tokenomics: -90% in a year. Understanding of tokenomics is the most important skill in crypto. I am an angel investor with $3.5M in capital, analyzing different tokenomics daily. 🧵: My master guide on tokenomics 👇

@Habibi_Cito @Cryptocito You will succed champ!

Wassup Everyone, First off, I’d like to extend a big foookn Thank You to my good friend @Cryptocito. Everything I know about cosmos and crypto is thanks to him. Together, we started a business, Cosmoverse, and i look forward to many more to come! With that said, I want to announce that I will be stepping away from the YouTube side of things. It’s been an incredible 3+ years contributing to the growth of the CITO channel Brand and Team.

Here are 13 charts that highlight how bad wealth inequality has become. It is insane. Charts below 👇🏼

If you don't believe me or don't get it, I don't have time to convince you, sorry. #Bitcoin

Opt out. Buy #Bitcoin

@tobicasanobi @BoredApeYC Warum sind die so krass gefallen?

@ethena @MakerDAO wen USDe Cap?

We have just added a new Curve LP pool eligible for shards 💎 @MakerDAO $sDAI 🤝 @ethena $sUSDe Earn yield on both assets while providing liquidity to create the ultimate diversified rates portfolio Enjoy: app.ethena.fi/liquidity

🚨 Why are crypto ponzis always related to new stablecoins? A long post. ▫️ Buy 1 ETH for $3,000 ▫️ Stake ETH into stETH ▫️ Turn stETH into wstETH ▫️ Use wstETH to mint mkUSD ▫️ Use mkUSD to borrow more ETH ▫️ Stake ETH into stETH... This is how you create magic money and turn 3k into 30k. You double, triple, quadruple count the same collateral aka leverage it. DeFi's total market cap pumps dozens of billions overnight in a bull market and also crashes 90% in a bear market because of it. It's all FAKE money. You create more "money" from nothing and stablecoins are a key ingredient in that recipe. They allow you to leverage up, fast. This is no different than fractional reserve banking where your $3,000 bank deposit turns into $29,999 new money created from thin air. To achieve such a feat, it takes 100 cycles of deposits. See my picture. Crypto never reaches 100 cycles, because the bubble bursts sooner rather than later. Fiat "economists" even call this process a "business cycle". A more appropriate name is a bubble driven by ponzinomics and irresponsible money creation due to greed. If you read crypto twitter, you will see people talk about liquid staked tokens (LST like stETH) and liquid re-staking tokens (LRTs like reETH) as the next best thing in crypto since sliced bread. WRONG. It's the next big bubble or ponzi. EigenLayer should not excite you, it should WORRY you! If you seek an alternative view, then hit a follow @duonine to stay updated as this bubble develops. Once you start seeing this "amazing" new LRT token being used to mint stablecoins on your X feed know that the bubble is about to reach its peak. The higher the market cap of those new shinny stablecoins backed by LRTs tokens, the bigger the bubble. Remember, $3,000 is the actual collateral for $30,000! That's a 10x leverage. If ETH is 3k and it crashes by 10% or $300, the bubble deflates by 3k! That's 3k gone in your new shiny LRT stablecoin! Such stablecoins will go to zero in the worst case scenario. This is how a liquidation cascade starts and panic begins. Why does this concern me? Because it will hurt native ETH holders that don't even stake their ETH. Picture this. Let's say the LRT bubble grows to $50 billion. Actual backing? $5 billion in ETH or even less. How exactly can $50 billion exit or sell at a profit using $5 billion of ETH collateral? It can't. What happens next is people get wiped out. LST and LRT tokens crash vs ETH's price by 10%, 50% or more. Any stables backed by LST/LRT tokens depeg and crash even more. In the process, as $50 billion of fake money wants to exit, it will drag down ETH's price beyond a normal correction or crash. ETH is the liquidity of last resort for LST/LRT tokens. Worse. It will drag down BTC's price as well. Because people will become DESPERATE to exit at ALL costs, even if they lose 50% of their money or more. BTC is the liquidity of last resort in crypto, just like the Fed for USD. This is why bear markets are BRUTAL. They correct such imbalances. They are necessary and do well to punish such greed. Don't believe me? Have you heard of Blast L2? That's an ENTIRE network that will use LST tokens and stablecoins backed by LSTs to give its users "native yield". Those users have no idea what's coming in the next two years and they deposited BILLIONS on Blast L2. Projects always seek to create more yield to attract users, but that comes at the risk of an entire network like Blast going insolvent if they don't control their greed. Do you trust them to put breaks on making free money? In the last crypto cycle, Terra Luna UST imploded to 0 from $50 billion. It also used a stablecoin for their project. It double, triple, quadruple counted the same money while pretending it was real. Greed took over. You need to EXIT early and well before that $5 billion in real collateral is gone. Cash out and don't ape back. That includes removing all assets from networks like Blast L2. You are only safe on NATIVE chains like ETH or BTC. This time, the bubble will use ETH LRTs and associated stablecoins. I'm concerned and few people will write about this because it puts a break on this bubble and greed. I've seen too many crypto cycles repeat the same story. This is nothing new. At the end of the day, crypto is a free for all. There's no regulation, but at least we can educate. Why risk your ETH for 3-6% yield when ETH will 2-5X this cycle? Funny enough, this LST/LRT bubble will also be the reason ETH will pump hard because all those tokens will LOCK-UP ETH as collateral in a huge pyramid. When Vitalik decided to take Ethereum from Proof of Work to Proof of Stake he enabled and allowed the creation of such ponzimonic mechanisms. For this reason alone, Bitcoin is superior. Don't be fooled by this market and don't let greed take over. It ends badly. Hit a like and retweet this message to wake up more people and don't forget to follow me @duonine P.S. I respect anyone building in this space and any examples or tokens mentioned above are used for illustration purposes only. What will eventually happen, we will all find out, but let's call it as it is.

@Zeneca Hey can you send the team invite for picasso mantis games again? :)

Farcaster is VERY different to FriendTech I wrote about both. I said FriendTech was an unsustainable ponzi that would come crashing down to earth, with a 90%+ crash. My latest Newsletter breaks down WHY Farcaster is different, and is here to stay ⤵️ zeneca33.substack.com/p/letter-50-fa…

@andw00rd_ @Cryptocito Danke hahah

@Cryptocito @CosmoswithMax Dein Video ist sehr gut. Du hast frei gesprochen und sogar Bilder benutzt. Du verdienst alle Daumen nach oben!

Neue Cosmos Episode auf Deutsch mit @CosmoswithMax 🇩🇪 Haben viel über Airdrops gesprochen und die besten Vorsichtsmaßnahmen um sich vor scams und phishing zu schützen. Außerdem: Neues zum Asteroid Protokoll, $ATOM $DYM und $NAM. Schaut gerne rein: youtube.com/watch?v=XOmfJA…

@buchmanster Is there any discussion for a fee burning mechanism? Like EIP-1559 "3. Fixed inflation instead of exponential above +⅔ staked & a burn mechanism" or is that what you mean with that?

A few simple things we’re looking at to improve Hub economics in 2024: 1. Per consumer chain commission 2. Voting power tax 3. Fixed inflation instead of exponential above +⅔ staked & a burn mechanism More on each below:

@frensvalidator Polygon

A multi billion chain is about to enable IBC 🚀 Can you guess which one it is?👇

@CosmosHOSS @badkidsart any ideas how to claim with ledger?

$BAD Airdrop Tutorial Wondering about claiming your $BAD airdrop? If you're a proud holder of @badkidsart's Bad Kids and/or Bit Kids, you're in luck! Qualify now and seize your airdrop. Git Hub: github.com/xBadcoin/BadCo…

Cito interview über Cosmos, $ATOM, Celestia & Co. auf deutsch mit @CosmoswithMax hat sehr viel Spaß gemacht 😁 Das volle Video könnt ihr euch hier anschauen: youtube.com/watch?v=OeO3Uc…

@73lV_ @NolusProtocol @stride_zone Where can i see the $LVN Airdrop? Didnt find any information on it.

GM to my 10 active followers ☕ I'm feeling super bullish and excited today 🔥 - stkOSMO launch today 🦾 - Opening a lease position on @NolusProtocol with $OSMO 🔅 - $TIA at $10 📈 - $OSMO takers fees skyrocketed 🧪 - @stride_zone price and TVL 📈 - $LVN airdrop 🪂 Have a lovely day 🫶

Imagine if every @Tesla was tokenized as a dNFT with real-time metadata updates showing its service record, mileage, accident history, market value, and more. All current and future owners would have onchain access to verifiable vehicle histories.

There's a risk of a black swan event in DeFi. As per Defillama, if CRV drops below $0.37, there's 300M CRV to liquidate in Aave -most from Curve's founder The problem? There's not a single Exchange or DeFi protocol where one can sell such a large CRV amount. Risks explained 🧵

@Cryptocito What a crazy experience 🔥

Visited the Cyber Valley Headquarters today in the mountains of Bali 🇮🇩