crab notes 🦀 lobsterdao – Telegram
crab notes 🦀 lobsterdao
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A collection of opinions and narratives about crypto and startups. No investment or financial advice. Managed by RV LLC.

All info about lobsterdao is in their channels, see @lobsterdao.
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Not crypto-related, but I like all tech stuff. Before we die at the hands of AI (thank you for the warning, Elon) - we might get a chance to puke all over ourselves at the speed of 1200 km/h 😲
Just went through my personal sandbox. Here is the stuff I decided to skip on the private sale/presale stage. Crowdsale stages might look juicier: maybe for the flip with some little 💰
Legal boundaries keep pushing back technological advancmeents - you simply cannot adjust new things to old framework. But… you HAVE to. For now. Anyway, very interesting read: bit.ly/2l7RaB9
Disclaimer - why I am skipping some obviously profitable things - am I a retard? Well, yes, but:

1) It depends on the size of your holdings. If you have like 2 ETH, then damn - register for all lotteries, it will be worth it. But with bigger size it starts getting pointless. Instead of wasting hours on making accounts to put 1 ETH in, I would rather read whitepapers, get in early and have a big stack in a good project. Much more interesting, at least to me. But from now on I will try to split up my opinion based on the portfolio differences.

2) I believe there are enough opportunities in this market to make money - and you cannot participate in everything you see. And because I value integrity, I would rather skip unprofessional projects that only have HYPE - like ANKR and Fantom - and spend more time on a team that values its community (community, not speculators!) Eventually, it is easier to choose 5-6 projects and go big rather than have 50 projects and have 0 idea of what is happening to them.

Remember, these are just my thoughts. I am not giving investment advice.
Channel name was changed to «Ivan no Tech 🎱»
What you could get for the price of #Fantom winning tx 🙈 Numbers:

- ladyboy hour $70
- lobster dinner $35 (+ tips every dinner)
- iPhoneX $1150
- Macbook Pro $1600
Adoption of non-traditional approaches - which blockchain is - comes with big players (or revolution). Big players means legal and GDPR compliance. Enough research papers, let’s buidl
crab notes 🦀 lobsterdao
Adoption of non-traditional approaches - which blockchain is - comes with big players (or revolution). Big players means legal and GDPR compliance. Enough research papers, let’s buidl
In case you are confused with the picture (you probably are 😛)
The chart shows where different blockchains are positioned with regard to possibilities of adoption:

🤢 ETH/NEO and other public ledgers cannot be used for businesses and thus cannot achieve business-level adoption. Period, there is no ‘maybe’.
🤔 More permissioned blockchains with private side chains are a bit more likely to be used by businesses, but still they are very imperfect and will likely be inapplicable.
🙃 APEX has some ideas about GDPR, but they seem to be doing something weird. Anyway, good try. Hyperledger - you still have to streеch the idea to make it GDPR compliant.
Holochain is not a blockchain, but its design allows it to be GDPR compliant, altough it is not its primary use case at all (their own claim), so it is not really relevant.

[here comes the shill 😭]
🔥 Project xxx (codename) is the hybrid transformation - taking the best from these worlds.

PS: Don’t tell me GDPR is not needed or that blockchains do not care about laws/regulations (we are talking about business/wide adoption, not cryptokitties).

People do not care about their privacy, they do not need blockchain in their lives by default. Major adoption will either come via revolution/changes in social structures (see how less developed or countries where people are really dissatisfied with the society they live in/the government - use cryptocurrencies the most: Korea is an example of that, whereas Europe - much less). Or it will come due to adoption by corporations and proper legal framework - making it usable for normal people who are used to pressing 2 buttons and entering a password rather than having an ass-long private key.

Don’t get me wrong, I love decentralization. But for that to really happen, we need to make the first step.
That first step is general adoption. Enough research papers have been written. Time to build and use it 😎
If you do not agree, feel free to DM me
Channel name was changed to «Blockchain 🦐 Lobsters»
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So unprotected. Anyone could have grabbed Vitalik and ran away with him 🌚
Do not blindly chase funds in projects, this analysis no longer works 🐳

Funds got too big and too rich: they invest even in very risky deals now + they receive seed discounts unlike others.
This does not mean a project will do well for everyone, but going below seed price is something very unlikely - so they take those chances.

Of course, there are funds that still maintain their status, support projects fully - but ‘money does not stink’ after all.
Just be cautious and look for value rather than pure hype or useless big names.

Why am I saying this stuff? What changed?
Because lock-ups increase, even in mediocre projects.

It is okay to get into a mediocre project at the last stage and flip it - after all, everyone gets the game.
If as a project you do not do proper work, no one is gonna stick with you.
However, being locked for half a year in a mediocre project without a seed round price - is very risky (imho).

🔮 Ideas get wrapped up nicely, but DYOR very carefully to not get burned.
PS: when bull market comes, it’s gonna be a different madness once again.
Projects, could we stop with those ridiculous contests for allocations?
Let me walk you through the idiocracy of your marketing approach.

You make regular investors, your ‘community’, complete disgraceful tasks and spend hours in order to get an allocation of 500 dollars at the highest price relative to what funds got for nothing (let’s be honest, a lot of them are just shiny names). Do you think real enthusiastic community members will comply with this stupidity? No, they get upset, angry, and they leave you. You are destroying your community.

So what are you getting instead?
You are getting an army of robots or hard-working investors who make multiple accounts and re-sell them at a very high price to those exact enthusiastic community members, who followed your project, but had no time to play your stupid games. The army of robots forgets about your project the minute it is listed.

So ask yourself: why are you doing this?
1) If you wanted to stimulate your community to become educated about your product, then you failed.
2) If you wanted to filter out multiple accounts by this Proof Of Love thing, you failed here as well, since those accounts would just be re-sold at a very high price.
3) If you are trying to build up a company, then you are taking a wrong approach from the start, since you are killing your community.
4) If you just wanted to x5, make your institutional friends happy and raise money for another whitepaper - please leave this space.

Keep in mind that I am not trashing bounty contests or big airdrops. There you get a substantial amount of free tokens for your work.
I am talking about cases where you need to work your ass off to get a laughable allocation. If you gave big allocations for the hard work people did, that would have been fine.
Seems like Binance is reading my channel. Stop stealing my gems, CZ 😛

There is a term among VCs - getting Polychain’ed - that is when you are in touch with a project, but then Polychain comes in and scoops up the entire round or two. I guess we should add getting Binance’ed to the terminology, since some people (ehem) almost had a SAFT for this baby… Congrats to Viktor (TechCrunch article: tcrn.ch/2LHZirR)
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‘When you skipped HOLO and then compare its chart with your portfolio performance…’
© savage Russian cartoons
Singapore will witness another notion of the phrase ‘in the same bed with other VCs’.
Bull market: everyone is an expert and is the best advisor.
Bear market: the real shit comes out, seeing real intentions of people.

Seems like decentralization, education and community emporwement can only occur in the times of heavy downtrends.