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JonyGoesWeb3
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JonyGoesWeb3
@JonyGoesWeb3
Web3 Nerd + Blockchain Aficionado💚 Just an healthy amount of gibberish goin on😎 Feel free to follow & let's grow together🤝
🌐🌍Everywhere Katılım Ağustos 2023
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It’s only been 19 days since Binance caused nearly two million people worldwide to get liquidated.
It feels like everyone’s already moved on.
Some people took their own lives.
Some lost everything.
Some quit crypto forever.
A quick recap of known and verifiable facts:
Binance used an internal oracle that “glitched,” misreporting prices on assets held as collateral - triggering a liquidation cascade.
Their market makers then lost API access, meaning they couldn’t properly hedge positions - so they yanked liquidity from other CEXs and DEXs, accelerating and amplifying the collapse.
And as someone who lost a lot that day…watching CT just shrug and move on?
It’s both sad and frustrating.
But then it hit me - that’s also the beauty of this space.
Resilience.
We build. We burn. We rebuild again.
The true power of crypto isn’t in pretending things never break - it’s in refusing to stay broken.
Never forget.
Never forgive.
But always move forward.
Fix the systems. Strengthen the foundation.
And keep growing - because the only way they win…is if we let them.
🫡 From the depths —
The White Whale 🐋

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Nah bro, this ain’t it. These greedy mfers.
When you think of pioneers in crypto, you think Metamask and Opensea. Both are now “farming” us, both chasing more: Rewards systems, Points, Leaderboards, Bonuses.
Who cares, man. Reward the people who built your foundation. the users, traders and creators who made you relevant in the first place.
Metamask could’ve absolutely smashed this: reward historical wallets first, then gamify the new users. Even give multipliers to OGs for sticking around and participating again.
But no, another big L from another OG juggernaut that forgot who got them here.

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@Cointelegraph Smoking crack is likely safer than trusting WazirX
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The bigger I get, the more I realize how scammy most of CT really is.
Most people are broke asf, stealing content from others and reposting it in their own “style,” or sometimes literally word for word, without giving any credit.
Half of them do paid shills without ever disclosing it.
I love CT, but it’s becoming more and more of a brainrot, Ai, no-alpha type place.
Be careful who you follow.
Gm
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Probably one of the most severe flushes I’ve ever seen on alts, I didn’t even imagine alts had this much leverage in them. It feels like someone got hit very hard and will see a large body float to the surface soon, reminds me a little of summer 2021.
Good reminder to myself to own things that I am actually bullish on, and not things I am trying to shift on momentum. Some charts look like they’ll never recover, whereas some things look buyable for the first time in a while.
When everyone is making hilarious amounts of money I am always tempted to start using leverage again. It is almost impossible to fight the feeling that you’re not making enough, or everyone else is outpacing you. Good reminder that fighting that feeling and avoid the wipeouts is worth it in the end.
Check on your friends, likely a bad day for many.
Personally, am concentrating my bags into the things I am happy to own for the next few years, and shedding the fat. Realised I own some assets based on not wanting to miss out, rather than on some actual thesis. Days like today are much easier for me if I think my bags will bounce back, and much worse if I’m losing money owning things I don’t even believe in.
Don’t let a leverage blowup dictate your long-term views. The future is bright, good things to come, patience is rewarded.
嵐の後
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