Cryptonator
1.9K posts

Cryptonator
@thecryptonator1
degen by day...and also by night
Australia Katılım Eylül 2017
955 Takip Edilen1.2K Takipçiler

@brian_armstrong This is long way to tell us your dog's name is Russell
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On memecoins…
Memecoins have generated a lot of buzz recently, and I’ve gotten some questions on how I think about them. I am personally not a memecoin trader (beyond a few test trades), but they’ve become hugely popular. Arguably, they've been with us since the beginning – Dogecoin is still one of the most popular coins. Even Bitcoin is somewhat of a memecoin (one could argue so is the U.S. dollar, once it was disconnected from gold). Just like the early days of the internet with animated gifs, new technologies often look like a toy but evolve into something much more powerful over time. So we should be open minded about where memecoins are going, even if some are silly, offensive, or even fraudulent today. Memecoins are a canary in the coal mine that everything will be tokenized and brought onchain (every post, image, video, song, asset class, user identity, vote, artwork, stablecoin, contract etc).
Coinbase differentiates itself by being the most trusted and easiest to use platform in crypto, so how are we approaching memecoins through this lens? From first-principles, we believe in free market capitalism. If our customers want it, and it's legal, we aim to let them make that choice for themselves. But it's our job to provide them with the best information we can find to make an informed choice. If a token is a scam or fraudulent, we'd want to remove it. But if it's just low quality, the customer should be able to see reviews or community notes, and make their own choice. (Defining what is an outright scam vs low quality is often a blurry line btw, so you need to be careful not to accidentally create a censorship regime.) We want to provide useful information to consumers, not play judge and jury or endorse/recommend investments.
Some memecoins have clearly gone too far lately, to the extent people are insider trading. This is illegal, and people should understand that you will go to prison for this. In every crypto cycle, there is a get rich quick crowd that comes and goes, and learns this lesson the hard way. Don't break the law! And don't try to get rich quick. You should get rich by contributing real lasting value to society (or at least be trying - it's not easy!).
So where do we go from here? We should purge the bad actors and lift up the people trying to build lasting value. We want to bring the next billion users onchain, and the only way to do this is to build products and services which people want. Help them earn a living, avoid high fees when sending money to friends and family, find truth about what's happening in the world, or get a loan to grow their business. Give them access to sound money and financial infrastructure, to accelerate progress in the world. Memecoins have a role to play here, and I think will evolve to help artists get paid, track trends, or who knows what - it's too early to say, but we should keep exploring.
Keep building with this long term mindset, and make something people want.
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@VitalikButerin @NeoCallss @Hexologist31 Don't worry Vitalik, Neo loves your chain. He farms on it daily.
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@NeoCallss @Hexologist31 bro the ETH foundation is paying researchers and devs that are responsible for
(i) ethereum not bleeding 5M ETH/year to proof of work
(ii) your fees being low today
(iii) your txs getting included in < 30s instead of like 1-30 min (eip 1559)
show some respect
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An important step.
Some important next steps:
* Helios (or alternatives) being integrated into user wallets, on mobile and desktop
* L2 configs moving onchain (first step: github.com/ethereum/ERCs/… )
* L2 configs including specification of state proof verification rules (a possible starting point: eips.ethereum.org/EIPS/eip-3668 )
Once those three are done, we get universal L1 and L2 light client verification!
ncitron.eth@NoahCitron
Helios is becoming a multichain light client for Ethereum. It has become clear that light clients are fundamental to Ethereum scaling. A future with thousands of rollups doesn’t feel far away, and the closer we get, the more critical rollup interoperability will become. 🧵👇
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@RussellDogCTO Believe it Russell, don't let anyone say otherwise ❤️
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@UniswapVillain Yep, similar experience as well. It's because of the quality of food in the west. Heavily processed, chemically altered and low regulatory standards etc. There's also the environmental factor, e.g. the air you breathe.
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@beaniemaxi Terrorists according to what information? You could also label Israel the most extreme of terrorists. There's an increasing lack of support for government there too. At the end of the day, Israel has brought this on themselves.
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@thecryptonator1 The “senior Iranian figures” are actual terrorists though. I don’t believe many people even in Iran support this government. Same as most Venezuelans don’t support Maduro. They just have no way to change this.
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Defi Immortals 🔱 - June highlights
🔱 $RCH (169k - 111m) -> 656x
🔱 $WALTER (8.29k - 4.7m) -> 566x
🔱 $RNT (404k - 120m) -> 297x
$NCAT (190k - 32m) -> 168x
#ICELAND (37.7k - 4.7m) -> 124x
$JASON (484k - 34m) -> 70x
$BILLY (1.27m - 83m) -> 65x
$WYAC (398k - 25m) -> 62x
#HWAKTUAH (88.6K - 4.7m) -> 53x
$PEIPEI (2.2m - 116m) -> 52x
#MAGANOMICS (597k - 30.6m) -> 51x
$WOLF (6.62m - 299m) -> 45x
$WAT (305k - 13.9m) -> 45x
$APE (310k - 12.7m) -> 40x
$ECI (342k - 11.9m) -> 34x
$SC (358k - 11.7m) -> 32x
$DFV (397k - 11.8m) -> 29x
$DTJR (444k - 12.5m) -> 28x
$KOCHI (144k - 3.6m) -> 25x
$FLAPPY (221k - 4.6m) -> 20x
$SPIKE SOL (3.35m - 69.4m) -> 20x
There's an old saying that goes:
"Opportunity only knocks once"
At Immortals we continue the path, do what we love, don't take shit from anyone and most importantly surround ourselves with comrades who think alike.
Grateful Everyday 🔱
Future has never looked more bright.
Requests: t.me/+pTiBP2N1pJdhM…
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@Jelitics @bananagun banana is routing the wrong pool on their bot, you can see this by looking at the liquidity amount. you pretty much just donated sol to a pool with barely any djt tokens
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Ignore the bearposting on the TL.
There is always opportunity when you look for it.
We hit EARLY entries on every major on-chain mover this week.
$NMAI $OLM $CHOMP #JOTCHUA
Filter the bullsh*t. Find the real value.
Become Immortal. 🔱👇
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@shitcoinjeesus @0xUnihax0r @shmn_cap It was incredibly easy to get in around 700k, even after doing DD and seeing it was a potential gem
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@0xUnihax0r @shmn_cap It was 1.3M after the bundle.
No one, no matter how skilled or astute in finding fundamental gems would stand a chance.
The game is generally rigged. What you mean to tell people is to be clairvoyant and know how to ride the waves of insiders and dev teams before abandonment.
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If you're 4-5 figures you have two choices
1. Learn the extremely low-cap game rotation, buy stuff sub 50k, try to sell them between 50k -1m
2. Research and take low positions on fundamentally interesting projects under 500k, try to resell them between 500-5m
The first requires a capacity to take quick decisions and analysis in an extremely fast-changing environment, but allows you to print small $ everyday when you become good at it and compound it on the long run
The 2nd is more a sit-and-relax kind, but you gotta find the narratives with momentum, or you'll end up bag-holding useless stuff that doesn't perform. It can pay big if you know how to pick your coins and hold
Chose your style, and get better at it
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