reflection time —
https://twitter.com/gardenofmyopia/status/1521218159088394241?s=21&t=EvJ4U2sBACXTGS2vquX7fg
https://twitter.com/gardenofmyopia/status/1521218159088394241?s=21&t=EvJ4U2sBACXTGS2vquX7fg
Twitter
Myopia
This next cycle will be owned by simple household names that were tossed to the side as old toys this cycle. They never broke, they were just abandoned for new things with a bit more patina. The old things work though. Bitcoin, Monero, Ethereum, Doge, Litecoin…
Crypto Mumbles
bringing this post back because I thought it'll be apt rn (link) this is a very good time to prune your portfolio cutdown on big losers and simplify your bets -> narrowing your portfolio personally, I've been stacking more btc and eth of course, it does…
reflecting on the past few unforgiving days that the bear market has inflicted
I am now mainly only confident in btc and eth, as mentioned that I've mainly been only stacking these two assets
quick summary of the past weeks:
FTM cascading liquidations
SOL network halt
LUNA death spiral
Rari exploit
(and more that I can't think of off the top of my head)
I understand that this is due to how nascent the space is, and builders are still figuring their way out and learning from mistakes. However, I'm not so sure if these competitors are able to stay in the long run anymore. Just like how in this cycle so many new competitors pop up and took the stage, it will be the same the next cycle. Most of the previous cycle's top 10 are no longer in the top 10 cryptocurrencies anymore. Nobody really knows which protocols will remain viable.
the only two assets that have never failed (yes there are still flaws ofc) are btc and eth. These are the only two that I can still confidently say that will still be around in the next cycle (I hope)
I'll adjust along the way as time goes by whenever things change
and the last thing for sure is I'll be staying in the space regardless
cheers
I am now mainly only confident in btc and eth, as mentioned that I've mainly been only stacking these two assets
quick summary of the past weeks:
FTM cascading liquidations
SOL network halt
LUNA death spiral
Rari exploit
(and more that I can't think of off the top of my head)
I understand that this is due to how nascent the space is, and builders are still figuring their way out and learning from mistakes. However, I'm not so sure if these competitors are able to stay in the long run anymore. Just like how in this cycle so many new competitors pop up and took the stage, it will be the same the next cycle. Most of the previous cycle's top 10 are no longer in the top 10 cryptocurrencies anymore. Nobody really knows which protocols will remain viable.
the only two assets that have never failed (yes there are still flaws ofc) are btc and eth. These are the only two that I can still confidently say that will still be around in the next cycle (I hope)
I'll adjust along the way as time goes by whenever things change
and the last thing for sure is I'll be staying in the space regardless
cheers
👍3
reflections of a builder and investor that stayed in the space since 2018
good read
https://twitter.com/ianDAOs/status/1524613312582799360?s=20&t=cUjoolyhd8urpcgDwRYIUQ
good read
https://twitter.com/ianDAOs/status/1524613312582799360?s=20&t=cUjoolyhd8urpcgDwRYIUQ
Twitter
Ian ✺
1/ This week's events may become one of a few historic moments in crypto that not only ushers in a new protracted crypto bear market (12-18+ months)—but in time, leads to greater regulation, maturation, and ultimately the next (and even bigger) bull market.…
multiple websites’ front end are being compromised
websites include etherscan, coingecko, curve, spiritswap, quick swap, and more
best to avoid interactions for now
1) https://twitter.com/frankresearcher/status/1525242200816222210?s=21&t=2XrAAJIiAZQ68rb-Q5Y13w
2) https://twitter.com/spirit_swap/status/1525216379041116160?s=21&t=-gkzBQNmn__vN8ZF3W7EEw
websites include etherscan, coingecko, curve, spiritswap, quick swap, and more
best to avoid interactions for now
1) https://twitter.com/frankresearcher/status/1525242200816222210?s=21&t=2XrAAJIiAZQ68rb-Q5Y13w
2) https://twitter.com/spirit_swap/status/1525216379041116160?s=21&t=-gkzBQNmn__vN8ZF3W7EEw
Twitter
Igor Igamberdiev
Below is the code that was used in today's attack through ads on crypto websites like @coingecko or @etherscan The attacker wanted to get tokens approvals or perform swaps through DEXs to their address (it is not hardcoded, since it was pulled from API) …
this song is actually good LOL
give it a listen and enjoy the rest of your weekend 🤠
https://twitter.com/spencernoon/status/1525113785605922817?s=21&t=8588dDDwS6u3ZbpJLr-Pqg
give it a listen and enjoy the rest of your weekend 🤠
https://twitter.com/spencernoon/status/1525113785605922817?s=21&t=8588dDDwS6u3ZbpJLr-Pqg
Twitter
spencernoon.eth 🕛
i don't care about ur crypto, boy not at all not even 1 bit, coin
👍1
it gets annoying when people call crypto investments scams just because they lose money (esp so in the case of LUNA) when they did not do their own research and manage their risks
as Sam explains, the mechanism was transparent and the risk was clear
no one got tricked into anything
https://twitter.com/sbf_ftx/status/1525624598066241538?s=21&t=crL8Inh7tkPhZ6Nn6Mz4nQ
case in point:
https://twitter.com/watcherguru/status/1525451542857383938?s=21&t=8588dDDwS6u3ZbpJLr-Pqg
as Sam explains, the mechanism was transparent and the risk was clear
no one got tricked into anything
https://twitter.com/sbf_ftx/status/1525624598066241538?s=21&t=crL8Inh7tkPhZ6Nn6Mz4nQ
case in point:
https://twitter.com/watcherguru/status/1525451542857383938?s=21&t=8588dDDwS6u3ZbpJLr-Pqg
Twitter
SBF
1) Not all bad things are the same bad thing
T table breakdown of current outlook shared by a member
one more bearish point would be on macro outlook
https://twitter.com/cryptodonalt/status/1525542667492413442?s=21&t=rLU6-Kh9bQpvMurW0HlJdg
one more bearish point would be on macro outlook
https://twitter.com/cryptodonalt/status/1525542667492413442?s=21&t=rLU6-Kh9bQpvMurW0HlJdg
Twitter
DonAlt
Bullish 1) Capitulation on an insititutional level 2) Retail selling Tether out of fear 3) Alts down 90%+ 4) BTC down 50% 5) More targets for <$20k than >$40k 6) Popular narratives dead and ridiculed 7) "Heros" turned into public enemies 8) Trading near historic…
compensating LUNA/UST investors through a tiered system by compensating the poorest 99.6% first
https://twitter.com/PersianCapital/status/1525226153304199168?s=20&t=pMSpQv6HZh_PtWlFrS_-Fg
https://twitter.com/PersianCapital/status/1525226153304199168?s=20&t=pMSpQv6HZh_PtWlFrS_-Fg
Twitter
PersianCapital 📖
Some interesting data on $UST and Terra's Anchor Protocol: - There are 256K Anchor wallets - The top 1000 Anchor wallets own 82% of all UST - The poorest wallet in this top 1000 has 955K UST This is great news for $UST / Anchor depositors. Why? Let me explain..…