Crypto Mumbles – Telegram
Crypto Mumbles
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things I mumble to myself about crypto

basically my transparent crypto diary

education, analysis, and trades 🙂

Twitter: https://twitter.com/dpycm
Medium: https://medium.com/@dpycm
Lifemax (non-crypto): t.me/humblespace
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Forwarded from Wu Blockchain News
The COO of Japanese game giant Sega said that P2E games are boring, worried about blockchain technology, and will suspend the plan to develop GameFi. Sega previously announced that it would withdraw the IP from blockchain game, but still intends to allow third-party developers to make blockchain games. — link
head of Instagram committing to full social graph portability

then again they also talked about NFTs before terminating NFT features shortly after

we’ll see

https://twitter.com/_tomhoward/status/1677170084882554881?s=21&t=dfYvBHEYpIHk1_5NE1HuYw
Forwarded from unfolded.
Ethena Labs are building the vision in Arthur Haye's "Dust on Crust" - a delta-neutral stablecoin built on staked Ethereum as the core asset initially, with Arthur on board as an advisor. Their mission is to provide the first scalable DeFi stablecoin that is fully transparent, on-chain and not reliant on traditional banking systems.

https://twitter.com/ethena_labs/status/1677279591059079169?s=20

Disclaimer: @unfolded is an investor
not sure if the public sentiment lies w this tweet

would you trade high tps and low fees for uptime?

cause personally i’d rather sacrifice some speed and fees for guaranteed uptime

that being said SOL still has some pros and likely some legs to run but idt it’ll see ATH again (happy to be wrong ofc)

https://twitter.com/moonoverlord/status/1676980219406630912?s=21&t=FbcyYDvEmAqcRrVGDF5klg
thread on why vAMMs (virtual automated market makers) can’t work

vAMMs simulate liquidity but do not have actual liquidity

#reads vAMM

https://twitter.com/0xfoobar/status/1677343454760775683?s=21&t=FbcyYDvEmAqcRrVGDF5klg
tldr; don’t take part in a trade where your opponent can influence the outcome more than you after the trade is done

https://twitter.com/godcomplex96/status/1677563573881434113?s=21&t=VtJZhd9ttRY5yE-rhz1L-w
will add some FIL @ 4.33 to punt the breakout

tight stops on a close below 4.21
will also bid RDNT @ 0.268 stop ~0.25

rusty tradooor
breakout apps lead to infra

the cycle goes as follows:
app->infra->app->infra->app (and so on)

the fat protocol, thin app thesis of crypto has led to many developers racing to build the next infra

but instead apps should be focused on first as they inspire the next developments of infra as seen in multiple historical cases

app->infra->app->infra->app

what doesn’t work now might make more sense a few app-infra cycles later

another great piece from usv

#reads

https://www.usv.com/writing/2018/10/the-myth-of-the-infrastructure-phase/