Everyone is bearish, so I might as well do a giveaway. 🐻
$200 Dapper to 1 Winner.
Buy an NBA Top Shot moment or pack and cheer yourself up.🗑️
1. Follow
2. Like
3. RT
4. Tag Friend
May the pack gods forever be in your favor! 🏀
We're proud to unveil our proposal for BitClout 2.0
A platform that has the potential to turn "reputation" into an asset class on par with what NFTs are today via Creator Coins.
Read:
DM
@bitclout
on Diamond or for the password.
A revolution is coming to decentralized social media in the form of a groundbreaking Proof of Stake system.
Here are a few advancements I'm most excited about:
– Sovereign Staking
– The Revolution Rule
– Liquid Bonding
– Burn-Maximizing Fee Algorithm
What Else? 👇
@elonmusk
They once adored
@elonmusk
because he fought against climate change, disrupted oil and gas, and wanted to make humans an interplanetary species.
He was considered a true innovator who would save the planet.
But he started to notice something strange happening at Twitter HQ.
Crazy Stat!
50% of AI researchers believe at least a 10% chance humans could go extinct due to an inability to control AI.
We can defend against that with crypto.
While a few mega corporations like Facebook, Twitter and TikTok were seeking ways to create more engagement in web2 social media…
They *accidentally* created:
🤯Information Overload
🎰Addiction
😵💫Doom Scrolling
🤖Bots & Deepfakes
🧠Shortened Attention Spans
🚨Misinformation
The censorship industrial complex is a threat to creativity and innovation.
It destroys the expression of new and unconventional ideas to maintain absolute power and control.
Decentralized, disruptive, open source code is how we beat it.
Elon Musk dropping a cool $44 billion on Twitter was worth it to expose the censorship industrial complex.
And it was worth it.
A lot of people were aware of it but it was hard to define.
It's clear as day now.
How do we beat it?
Open source code.
@elonmusk
But that would take too long to build from scratch, and the hour was late.
The world was accelerating into madness, and mass censorship was being amplified at scale.
So Elon Musk decided to buy Twitter for $44 billion to see what was up.
What he found was mind-blowing!
Never Forget: This was Biden’s reaction to Elon buying Twitter:
“Now what are we all worried about: Elon Musk goes out and buys an outfit that spews lies all across the world. There’s no editors anymore in America. How do we expect kids to be able to understand what’s at stake?”
@elonmusk
Decentralized social media has the ability to:
– Bring innovation back to social media
– Add trust and transparency to journalism
– Make it easier to verify sources on-chain
– Break the easily corruptible advertising model
It's time to break free and take back what's ours!
The DeSo Mission
Simply put, our mission is to decentralize social media the same way Bitcoin and Ethereum are decentralizing the financial world.
But why is that important? 🧵👇
I'm giving away a Cam Reddish NBA Top Shot moment.
Rare Dunk
#658
/1800
Like, Retweet, and Follow to enter.
The winner will be chosen at random.
Why?
Just for fun.
@AlexBerenson
Unvaxxed people: Betting on 200,000 yrs of the human immune system successfully beating low-risk viruses
Vaxed: Betting on 1.5 yrs of awful data, misinformation, authoritarianism, and tyrannical power-hungry governments
I'm still bullish $ETH.
A few tweets from a billionaire don't change anything.
It simply increases the importance of
#Ethereum
values:
-Decentralization
-Permissionless
-Anti-censorship
-Trustlessness
There's still inflation, and institutions are joining the fray.
The media has turned on
@elonmusk
.
Once a darling, now an enemy, they are out to discredit his every move.
These attacks are a sign of a greater trend, but what is it?
Let's break down the timeline, what it means, and how to fix it.
On the largest day of
#BTC
inflows to Binance ever, $ETH posts its 2nd largest outflow day ever.
ETH continues to leave exchanges as BTC inflows to exchanges accelerate.
Explanation: people are rotating out of BTC into ETH which is why ETH/BTC held up during the pullback.
The Phunks story just got WAY cooler:
– Rugged by OG devs
– Rugged by Opensea
– Community rallied around decentralization
– Community builds the 1st decentralized mp
– Punks go corpo after Yuga buys them
– Find out Azuki founder created Phunks
How can you not own a Phunk?
@ZubyMusic
If it's such a deadly virus then get vaxxed.
Let the unvaxxed die out.
And you can live freely in your authoritarian dystopian society where the government feeds you, bathes you, and tells you how to think.
An interesting data point for
@nbatopshot
marketing efforts during
#NBAAllStar
weekend.
First time ever, unique buyers overtook unique sellers.
24-hour unique buyers and sellers up 23%.
New users are entering the ecosystem for the first time.
Data via
@MomentRanks
811,440 $ETH left exchanges last 2 weeks.
Over $2 billion worth.
June 4th saw the biggest net outflow with 435,000 ETH leave exchanges.
Only 3 days had positive exchange inflows.
That much ETH leaving exchanges puts a lot of upwards pressure on price.
9) Ethereum has 2,325 active monthly developers compared to
#Bitcoin
361 – Development leads to more Dapps, more innovation, more disruption, more mass adoption, and higher $ETH prices
Social media's future is decentralized.
Decentralized social media means:
– 0 gas fees
– Money native
– 100% on-chain
– Own your social graph
– Your keys, your content
That future is already happening on DeSo.
Here are the top apps in the ecosystem you can explore today. 🧵
The $1.2 trillion infrastructure bill = insane hyperinflation.
We're all underexposed to $ETH.
Put your money in the bank and watch its value melt.
While bankers yield farm your fiat for themselves at 10% - 15%.
But please save money by making your coffee at home.
#Ethereum
way under fair market value.
Peak in May – 3.79
Current – 2.49
Bottom – 1.59
When MVRV is below a 1:1 ratio, it's undervalued.
When above, it's overvalued.
Lot's of space before it hits overvalued again.
I built this site for the crypto newcomer.
It's a beginner-level investment thesis for
#Ethereum
.
It's inspired by all the people who asked me how to get into crypto.
I told them to buy $ETH.
Instead, they bought weird dog meme coins. 🤷♂️
An $ETH ETF in the US is a lot closer than you think it is.
A quote from a recent
@Grayscale
email referring to the
#Ethereum
trust.
"Our intention has always been to convert these products into ETFs, when permissible."
We are on step 3.
I read
@twobitidiot
160-page
@MessariCrypto
report on news and trends, so you don't have to.
Here are the top quotes and most interesting stats from the report, as well as my thoughts on them.
#Ethereum
is about to drag the entire market back to new all-time highs!
Double bottom bounce off of optimism/anxiety (yellow) with a clear path to euphoria/greed (blue).
According to NUPL, we never entered the bear market territory (red).
The coincidences that
@ryder_ripps
uncovered on BAYC are undeniable at this point.
It's clearly one of the biggest in-your-face trolls of all time.
Curious to see how it all plays out after Jimmy Fallon took his ape down.
Who's next?
Based on
@two_prime
analysis of ETH’s price performance, derivatives markets, and on-chain data, we believe that $ETH has earned a place, alongside BTC, as an institutional-grade investment, store of value, and treasury reserve asset.
$ETH is the best trade of our generation.
It will be at $10,000 soon.
If you don't understand why read this site.
I created it for beginners so they could better understand
#Ethereum
.
13) 3
#Ethereum
ETFs recently approved in Canada, and CME futures began trading earlier this year signals maturing asset with lots of upside to go – institutional adoption signal
@CoinDesk
$ETH suddenly looks bullish on the daily.
$3,000 incoming?
On-chain activity doesn’t always result in immediate price action.
ETH leaving exchanges puts upwards pressure on price.
It can take a while to play out.
3. What about the
#dogecoin
?
#Ethereum
Google search interest is smoking dogecoin search interest despite
@elonmusk
and Tiktok Trader's best efforts.
Much Wow!
I've been rewatching these 3 videos from
@BanklessHQ
the last several weeks for everything happening in
#Ethereum
EIP 1559
UltraSound Money
Uniswap
Great interviews and insight from everyone involved
@PBDsPodcast
@saylor
Bitcoin maxis are wild.
They don't need banks but cheer on institutional adoption and regulation.
They hate centralization but cheer on whales like Saylor taking over a big chunk of the network.
@twobitidiot
@GaryGensler
Gary just wants you to make coffee at home and earn 0.33% interest on your money.
Meanwhile, his bankster friends will turn around and yield farm your fiat for 10% - 15%.
Seems legit.
12) 24-hour $ETH options trading volumes have gone from USD 1MM in May 2019 to exceed $1 Billion in daily open interest – institutional adoption signal
I thought you could build a decentralized social media app on any blockchain.
But you can't due to cost, UX, scaling, and storage limitations.
Here's what else I've learned interacting with different apps in the
@desoprotocol
ecosystem over the last 2 months.
@jasonfurman
The arrogance of the banking industry and government officials is a true sight to behold.
All they want to do is stifle innovation and print fiat out of thin air.
2. For the first time,
#Ethereum
Google search interest is now higher than Bitcoin.
Google searches and price action are running in parallel with one another.
Ethereum searches are going parabolic while
#Bitcoin
searches drop/level off.
@jlmorenomusic
@SamHarrisOrg
The unvaccinated were unvaccinated for 200,000 yrs before vaccines were invented.
By your logic, we never would have made it to this point unless we had a vax.
I assumed you could transfer Dapper, but you can't. 😅🤦♂️
A couple diff options if you win:
1. Choose a moment up to $200 in value, I buy, and I gift it to you
2. Choose a combo of moments and packs I have up to a $200 value
Will record pack opening and gift moments
Everyone is bearish, so I might as well do a giveaway. 🐻
$200 Dapper to 1 Winner.
Buy an NBA Top Shot moment or pack and cheer yourself up.🗑️
1. Follow
2. Like
3. RT
4. Tag Friend
May the pack gods forever be in your favor! 🏀
#Ethereum
exchange inflows were up 84% over the last 24hours, which explains the dump.
However, it was still net negative when combined with net outflows.
Lots of $ETH is still leaving exchanges – So, when supply shock?
DeSo is positioned to lead the next major trend in crypto:
Consumer-facing applications that scale to billions of users.
Why?
DeSo is an infinite-state blockchain with several unique features, it is well-equipped to handle apps with intense storage requirements.
Other
7. The Number of active $ETH addresses continues to increase.
As Google search interest rises, so will active ETH addresses, putting pressure on price upwards.
The future of social media is decentralized.
Find out how DeSo is leading the charge by building a future that's user-owned and creator-led, completely open for devs to innovate on top of.
Here's a breakdown of everything happening in the
@desoprotocol
ecosystem. 👇
"I see $10k ETH as inevitable in the next 12 months. Why am I so bullish on Ethereum?" –
@billbarhydt
, CEO of
@AbraGlobal
Download our report and find out why Bill is so bullish $ETH.
Here's what's in the pipeline for $DESO:
– Hackathon
– Whitepaper
– Fresh rebrand
– Marketing push
– DAODAO pipeline
– Big exchange listing
– MetaMask integration
– Strategic partnerships
It's also kind of the future of social media!
@latimes
COVID19 accelerated the decline in interest in ESPN but it was already on a downward spiral.
People can see through the mediocre takes and sensationalist angles.