@ninja_writer21
It may sound bad, but here is some food for thought. Do you think the US is where it is without lobbying? What about China? Or the UK, for that matter.
As if things were not difficult enough for retail investors, we now have to deal with low float and high FDV too!!!
But wth does this mean?
Let's learn🧵
@Thund3rB0lt
I loved his reaction. Kids are loving at heart and something about them and dogs is beyond the physical and materialistic. My 9-year-old also wants a dog. Maybe I will gift him one someday.
@SaffronSunanda
You nailed it. The biggest achievement has been the exposure of the anti-India forces. I never knew that there could be such a thing. Success draws admiration and enemies.
📈 160% INCREASE IN SOLANA RELAYS!
Recent problems on
#Solana
resulting in failed txs have led users to quickly adopt POKT's decentralized infra.
This shift has caused Solana traffic on POKT to surge over 150% in the last 24 hrs.
Interesting.
@kushal_mehra
The most powerful concept that I learnt quite late in my life admittedly was that dharma is not religion. Now I am bit more nuanced in my pov.
As an investor, you are always looking for the next big thing.
Bitcoin has returned 285% in the last three years, while Ethereum only returned 6.5%. Solana has returned a whopping 2,700% in the same three years!
So, how do you choose the next Solana?🧵
@SortedEagle
This is what I called a speech. I did not bat my eyelids for the entire duration. Perhaps I stopped breathing too. Every word she said struck a chord with me. Brilliant🙏
QuillCheck is a free to use rug-pull detector.
From the team behind
@QuillAudits
, this simple yet comprehensive tool looks at hundreds of parameters to create a final score for each token.
Let's learn more 🧵
@witnesschain
is an exciting project that is in a completely different league altogether.
It aims to combine
#DePIN
projects like blockchains, enabling entirely new markets to emerge.
You don't want to miss this. 🧵
@esaagar
This is not new for us Indians, Saagar. Ever since the Modi government came into power in 2014, the west has always "pummeled" India. Article 370, CAA, farmer's protest, Covid, Ram Janam Bhoomi verdict, false islamophobia the list is endless.
@harshmadhusudan
Well said. If I have to give a precise example, here is one. My father got the benefit, rightly deserving, of reservations and so did I but now I would not extend that to my son. I feel he does not need it. He already has all the advantage he needs perhaps more than others.
@drjasper_eth
Everything in crypto now rests on this test.
Problem is that decentralization has always been a contentious issue in crypto. Everyone claims to be decentralized.
With this new framework, I really want to see which ones are and aren't.
@l2beats
for decentralization anyone?
IT'S HERE🔥
Our nationwide $20/month Unlimited Phone Plan is now available!
The average American spends $157/month on their phone plan, but starting today, anyone in the US can join Helium Mobile & say goodbye to overpriced bills.🙌
Read the news:
Sign
What if I tell you that now you may never need to buy another mobile phone!
👀🤯
A DePIN project, APhone, is a revolutionary product that promises to redefine your mobile experience.
With APhone, you'll never need to buy another phone again.
Let's find out why.🧵
@Akshat_World
As someone who really did not work hard when it mattered, I would like to add one thread of my own to the last. No matter where you are in life, you will have to end up working hard. Some do it early in life and some late in life, but all have to do it no matter what.
@Crypto_Jargon
I know the feeling. I got hacked some time last month. Same as in your case, I did not lose a lot. But it was the first time that happened to me.
I'm testing the industry first fair valuation model for crypto tokens right now..the backtesting results might shock you..updating this thread real time with these results..stay tuned till the end 🧵
@CryptoKoryo
Happened to me yesterday.
I searched for Eigen layer claims and the first website I got on Google was red flagged by Metamask 🙄😤. Happened right after I logged into my wallet.
I am not a trader.
Why?
Because it is very hard to do and risky.
But if there is a bot that can do all this hard work and stay profitable, then I am willing to try it.
My eyes are on
@dyorcryptoapp
👀
We all create bags.
We both could have the same bags, but there is a chance that my bag could outperform yours.
Why? Because we usually follow different weightage distributions for our bag positions.
The bag with better narrative strength weightage distribution will always
The RWA narrative will lead $ETH to $8000 by 2026 acc. to the latest Standard Chartered report.
RWA could also unlock the "Golden Age" just like after the dot-com bubble.
@PoojaB1972
If you are bound by your emotions then you will miss the truth. The truth does not care about fear, sorrow, grief. Seek truth by peeling off the layers of your emotions.
@Akshat_World
@ipo_mantra
I was going to say that. This is a very important point that often gets sidelined in the conversation. Wages are not increasing vis-a-vis prices, and there is additional pressure on top of inflation.
If you were ever in need for a 30,000 feet above the ground kind of picture of the crypto landscape then this dashboard is for you.
A very important dashboard in my opinion as now you can get a sector specific indication to help pick up your next investment.
(4/11)
The defendants' business plan is similar, but they did not engage in any deals with cricket players. Furthermore, their digital player cards, which are also NFT capable, include creative drawings of the players rather than pictures.
@bkiepuszewski
@Starknet
Absolutely correct.
I arrived at the same conclusion in Oct last year when I wrote an article about why everyone dumps on
@Cardano
TPS.
@RajivMessage
I agree with Sadhguru 100%. Only a mind which is aware of the Hindu way of life will be forever shielded from any breaking India forces. And it is imperative to this effect, to acknowledge and address the issues in it and strengthening it by learning and spreading the Dharma.
@KonstantinKisin
@ChrissieMayr
Can I ask you both a question? One I am sure you both have thought about before. When does comedy stop being comedic? What is that red line? Is there such a line?
(5/11)
The plaintiffs claimed that the defendants' gains from exchanging NFT digital player cards were unfair. The lawsuit claimed that the illegal use of player markings and other qualities amounted to unfair competition and a breach of personal rights.
@TheCryptoKicks
@bittensor_
I found
@bittensor_
fascinating too. It took me a while to warm up to AI but Bittensor blew my mind. In a way, I should not be surprised as the DePIN narrative for crypto is perhaps the strongest after DeFi and DeSo. I am excited about the project.
What is Low Float?
LF means, new token launch with a very small amount of circulating supply compared to what they plan to unlock going forward.
The idea here is that since token supply (liquidity) is less, it will be much more volatile to market movements, preferably upwards.
Third, keeping every other metric aside, a token with a higher MC/FDV ratio is a better bet than one lower.
Fourth, start paying attention to token unlocks and vesting schedules as part of your token analysis and do not fall for influence peddling. DYOR.
"Why does decentralized crypto need centralized regulations?"
I never found a satisfactory answer until recently.
@VitalikButerin
and
@balajis
published a thought paper on this subject.
I present the key points in my new video.
#cryptocurrency
@DanielBerman2
What I have understood about foreign affairs is that what we are told by certain sections of the government (in power and opp) or by people "close" to it or "experts" do not reflect what it actually feels or does so it does not matter who says what or who has "great concern."
In other words, more tokens are being launched with low float and high FDV.
The report gives some examples clearly showing the different between their initial and future supply.
Along with their peak FDV and how it compares to the average of the top 10 tokens.
Sixth, perhaps it is time to look at "fair-launched" tokens.
Fair-launch means that the token has not raised any private funding rounds and so stayed away from inflated valuations.
Example include Bitcoin and Bittensor.
Such projects could be a better bet in the long term.
Watchtowers are not new to blockchains.
They are simply validators who do not have a stake in a network but constantly monitor the protocol and raise the alarm in case of possible fraud or failure so that those with a stake can intervene.
@CJBdingo25
It wasn't surprising for Indians. We know that the opposition which included political parties and the media have only to lose if they stood against the GoI on this issue. They have steered away from this issue by not commenting on it. The examples presented are exceptions.
@Ravisutanjani
My reply will be contrary to what almost all seem to say here. If you get past the embarrassment and the uncomfortable feeling that such questions bring, I believe that it is a good thing that they do that.
So, as I said earlier, do watch the entire presentation once.
It is a big one, so break it down, take it slowly and share it with your family and friends.
Also, you can download the entire slideshow by becoming a free member of
@RealVision
.
We are slowly inching towards creating history.
A decentralized GPU network capable of (re) training a foundation model.
Not only will this prove the thesis but it will also that you don't need millions of dollars to do this.
Final setup is underway for the first-ever foundation model trained on a distributed network.
The original plan, as outlined in the initial proposal, was based on Stable Diffusion 1.5 as the base model. After careful consideration, the team pivoted to using Pixart-Alpha as the
@0xranvir
is the project's cofounder, and a student of
@viswanathpramod
at Princeton, where the idea for the project started.
Incidentally,
@sreeramkannan
was also a student under Pramod, who later created
@eigenlayer
and is now an advisor for WitnessChain.
Fifth, memecoins could be a potential investment candidate for retail given that many of these coins have all their total supply as circulating at launch i.e. their MC/FDV ratio is 1.
Solana and Jupiter, in particular, showing what the future of Web3 decentralized apps should look like.
One app(or more) for all assets built on a super fast and ultra low fee base layer.
Clean, simple, fast, and inexpensive.
1/ Today, we’re kicking off the Giant Unified Market initiative - our key effort to bring all assets into a single atomic market, accessible by everyone in the world with a fraction of a cent.
Only on Solana, powered by Jupiter, enabled by the best partners in crypto.
@Iyervval
Journalists are economists, doctors, virologist, space scientists, foreign affair expert, sportsmen, better than any PM or president, military experts, terrorism experts. The list goes on. But they are not journalists.
The
#AISupercloud
is live.
The Akash Mainnet 6 upgrade was successfully completed in just under 6 minutes.
This marks the beginning of a new era for Akash — and a new era for AI development.
@caprioleio
Very true. I never saw so many bsod in my lifetime of windows use than in the last two weeks of troubleshooting my laptop. All the problems magically vanished the moment I downgraded to windows 10. At one point I was seriously thinking about getting a Mac mini M2.
Cobie in his latest blog says that majority of new tokens are effectively un-investable.
For those who have spent a decent amount of time in the crypto space already know or should know that 99% (my number) of all crypto tokens are worthless.
If you were wondering where the staking rewards come from in
@ethereum
, here is a nice infographic from
58% issuance (new ETH tokens), 26% tips (from transaction fees), and 15% MEV
Having said that, comparing with IPOs may seem fair but it is not.
First, crypto is different, people want to invest early and at early valuations.
Second, crypto market is not the same as a regulated stock market that has put measures in place for retail investor protection.
@witnesschain
is a one-of-a-kind project.
Existing
#DePIN
s can use it to rework their current device validation process, but more importantly, it can usher a brand-new marketplace of dApps built by bringing these silos together.
7th, this is a reason retail investors need market regulations.
I know crypto hates regulations but if you want to keep your crypto economic flywheel running then someone has to wear big boy boots and protect the little guy and it ain't going to be crypto projects or VCs.
@Akshat_World
I found your analysis objective. SEBI will not take any action for this. If they do, the courts will see through it.
But going back to the issue, I think you answered your question.
If making monuments is a loss-making effort then perhaps there is another reason for doing it.
@Aabhas24
@PoonamJoshi_
Around 8-9 years back, I would have had the same reaction to seeing the picture of angry Hanuman behind a car. If I got a response like yours, I would not have anything to say and would probably cry back to those with whom I can complain collectively.
Or an AI distribution app integrating
@akashnet_
,
@andrena_wifi
, and
@Filecoin
for computing, bandwidth, and storage.
The fundamental problem that needed to be addressed was enabling trust between these projects.
Everyone is overthinking the low float, high FDV token regime.
The problem is simple — most venture backed tokens are grossly overvalued by the time they go public.
The solution is simple as well — don’t buy overvalued nonsense and stop being a new coin simp.
The
@hackenclub
report is a good report to read especially for crypto newbies like me.
In some ways it re-iterates how I remain safe ( famous last words😅).
🧵
This week's Spotlight 💡.
A chat with Zakhil Suresh of
@BitSaveClub
.
We talk about several things including his crypto journey, the idea behind BitSave, and why he thinks that BitSave is the easiest way to invest in
#crypto
.
On the 23rd of May, a significant milestone for
crypto was achieved when the US House of Representatives passed crypto bill FIT21 by 279 - 136.
But it has yet to be enshrined as a law that requires a Senate vote.
Because of rise in such tokens, there is competition for mind space too.
We see narrative and influence peddling of all sorts around these tokens from all kinds of intermediaries from market makers, to exchanges, to influencers, you name it, all drooling over the retail cash.
If you like
#DePINs
then you must learn about
@witnesschain
.
A novel project that has taken up the big task of unifying this fragmented space by creating innovative primitives for location and bandwidth verification.
Yo, check it out –
@scribble_dao
is vibing with geniuses too.
Huge shoutout to
@witnesschain
for dropping knowledge bombs on how they’re building a Unifying DePIN Economics game.
Much love and respect🫡
What does this mean for retail?
Imagine if hundreds of projects all launch with low float and high FDV.
This will put a massive sell pressure on the market when these tokens unlock.
Binance expects $155B in token unlocks between 2024 and 2030.
Some counter points.
This post from
@0xdoug
, founder of decentralized trading platform Ambient Trading compares low float with IPO's.
He presents a counter to the point that low float tokens will not grow in the future.
There seems to be this widespread notions that 2024 tokens are launching at particularly low float % at TGE. Comparing to the largest projects of the past few years, there just doesn't seem to be a lot to this complain.
Here are the % float at TGE of other large projects of
Roadmap:
@witnesschain
rolled out its first product, PoD, in April of this year and is secured by more than $8 billion in restaked ETH.
As a matter of fact, WitnessChain is the third largest AVS based on TVL at the moment.
The
@witnesschain
coordination layer sits on top of nodes called Watchtowers, which use these primitives to ensure physical consensus.
In the case of WitnessChain, these are
@eigenlayer
operators, incentivized by the
#DePIN
protocol and also any dApps created using the DCL.
Both projects started at the same point under the aegis of Pramod.
The team, with a background in telecom, wanted to create a decentralized 5G network similar to
@helium
.
However, as they started to understand
#DePIN
, they found a bigger problem, inspiring
@witnesschain
.
@sassal0x
@econoar
I am a normie and for me solo staking is out of the question. It just isn't easy enough. DVT is still in its infancy and even when the tech is perfect it still needs to made accessible for common folk like me.