*Governments literally spends millions running campaigns to combat my brothers influence*.

Haters with 8 followers - “you overestimate your brothers importance and influence 🤪”.

Can’t make it up.

Guess who’s mother f*n back! 🤔🤗

POP POP POP $POPDOG !!!!!!!!!!!!! 🐶

Never give up. 💪
After 2 weeks of our account being hacked and spending endless time, effort, and resources we finally got our account recovered that we have grown over the past 11 months with our 11k loyal followers!!! 🥳🥳🥳💪💪💪

The sale will now be coming to an end. 🚀🚀🚀🚀🚀🚀

China to issue $284 BILLION in debt to save its economy! 💰🇨🇳

His recovery plan is COLOSSAL: 2,000 billion yuan distributed like this:

👉 1,000 billion to boost consumption: subsidies, equipment renewal, and even 800 yuan per month for each additional child!

👉 $1 trillion to save local governments from drowning in their $13 trillion in debt.

China wants its citizens to spend and is still targeting 5% growth in 2024, despite a FALLING housing market and rock-bottom consumer confidence.

The end of the year is going to be particularly intense!

Daily Memecoin Recap - September 24

Great volume today, $sol hits $154

Pup vs Pwup
$pwup -> hit $2 .37m, coin launched by artist
$pup -> hit $2 .24m, OG coin
- Same narrative as $frog -> $fwog
- Dev rugged, so the artist launched his own coin
- Apparently the website for $pwup was prepped hours in advance
- People are saying that $pwup was a planned/fake CTO and are now rotating back into $pup waiting for a real community to form

Malone Coin
$malone -> hit $1 .77m, Malone Lam
- 20 year old arrested for $230 ,000,000 crypto theft
- He was caught partly due to his lavish lifestyle, spending hundreds of thousands at nightclubs, and buying random girls birkin bags
- Read zachxbt's thread for more info

Woah Vicky Launches A Coin
$vicky -> hit $473k ,

Tiktok Viral
$pesto -> $1 .75m to $8m (4.57x), largest baby penguin in existence
$edwin -> hit $1 .13m

Moo Deng Wants $100m
#moodeng -> $38 .8m to $88m (2.27x), new ATH for the world's most viral baby hippo
$moowan -> hit $2m , Moo Deng's sister
$jona -> $13k to $230k (17.7x), Moo Deng's Mom

Popcat Breaks A Billy
$popcat - $285m to $1 .05b (3.7x from the low), new ATH
$popdog -> $5 .18m to $16 .28m (3.15x), dog beta to $popcat

Michi Gets Volume
$michi -> $52m to $126m (2.42x from the low)
- Very strong floor around 45-50m
- One of the strongest communities on CT

More Cooks
#maga2025 -> $335k to $2 .27m (6.77x), based on realDonaldTrump

$younes -> $1 .13m to $4m (3.54x), higher high, team is cooking
$msn -> $60k to $367k (6.11x), "Micro Sol Network"
$ptrump -> hit $731k , $pepe + Trump
$chat -> hit $371k , good meme, "chat, are we cooked?", refers to streamers
$core -> hit $215k , "core memory", cartoonnetwork
+ more

Things are starting to pick up, are you cooking? 👀

How much will you spend to buy my feet on bullpay?

🤖 OpenAI launches its new ChatGPT o1 model, with reasoning capabilities worthy of a math student.

ChatGPT o1 is designed to spend more time thinking before answering.

Daily Memecoin Recap - September 8

Moonshot is starting to get attention after Mitch pushes a coin based on the fact that you can get paid LP fees

Get Paid To Hold
$husky -> hit $2 .14m, pushed by idrawline, $212k in LP rewards
$lpdog -> hit $271k , LP Dog, $18k in LP rewards
$rugs -> hit $219k , $6k in LP rewards
$pepe8bit -> hit $141k , $7 .5k in LP rewards
- Memecoin devs & top 50 holders on moonshotdotcc get paid fees from MeteoraAG's LP pool
- The creator of the coin gets 20% of rewards from fees
- The top 50 holders AT THE TIME OF MIGRATION get 70%
- 10% goes to moonshot
- This encourages people to hold & seems to be creating a temporarily new meta

Bullish Tickers - Play On Words
$btc -> $1m to $2 .48m (2.48x), "Big Titty Chicken"
$roi -> hit $679k , "Retarded Online Investment"
$fag -> hit $326k , "Flying Autistic Gummybear", good holder count, patty_fi onboard
$wait -> hit $313k , "Correction Guy"
$ape -> hit $295k , "Ape Life Savings"
$pub -> hit $216k , "pure unadulterated bliss", twitter community

Pepe On Sol Silently Reviving
$pepe -> $1 .46m to $9 .6m (6.57x), originally was heavily pushed by Pauly, his twitter has been suspended

Hyped Launch
$pumpy -> hit $4 .4m, "PUMPY NO DUMPY", KOLs onboard

More Cooks
$d .o.g.e -> $330k to $4 .6m (14x), "Dep of Gov Efficiency"
$r /gustav -> hit $696k , "Reddit Bull", same meta as $r /snoofi
$justcats -> hit $389k , "Cats are always the meta"
$pol -> hit $244k
$pez -> hit $180k , "PEZ Dispenser", nostalgic
$drift -> hit $153k
$bingus -> hit $143k

Market sentiment can flip at any moment - be prepared 🤝

We are 180 days into a correction since we made an ATH in Bitcoin and market sentiment is worse than when BTC was at 15K.

Ethereum has lost nearly $250 billion in market cap over the summer, even with ETFs coming to market.

And what happened?

> Massive exits and sales by Grayscale.
> Massive MT.GOX distributions.
> Mass distributions from the United States.
> Germany selling +50,000 BTC.

And what is to come?

> US interest rate cuts.
> Gradual increase in global liquidity.
> United States elections.
> FTX Refunds (+$16B).

And all this with stablecoins reaching all-time highs.

Is this the end? Are we all going to die?

I don't believe it.

For me nothing has changed.

Nobody said the bull market was going to be easy.

The best, for me, is yet to come.

You already know what happened next, the times when the feeling was as shattered and terrifying as the one we are experiencing now.

The difficult moments are what separate babies with poop on their butts from legends.

Everyone is very pro, everyone is very cocky, very gangster and very brave until it is time to buy the dip when at all hours they say that we are going to visit lower areas and everyone is terrified and with their balls in their throat.

We've all heard "If you come down to X area I'm going to put my house in your house" then they come down and shit their pants and don't buy.

It seems like a meme, but it is not.

There is something that will never change.

> The vast majority of people will sell out of fear.
> The vast majority of people will buy out of euphoria.

And it is certainly the fastest way to lose money in this market.

Sorry, I didn't make up the rules of the game.

The road will be long and there will be monsters and corpses along the way, just try not to make it yours.

The bull market is not over.

They just want to steal your magic internet coins so that when they spend billions on marketing, they can buy them back at an exorbitant price.

Nothing has changed.

Patience, conviction, buy the dip & chill 🏝️

Mercuryo, a Web3 payments provider, has announced the rollout of Spend, a virtual debit card promising to streamline crypto payments.

Complete with Apple Pay and Google Pay compatibility, Spend facilitates payments directly from Solana wallets to over 90M Mastercard merchants across the globe.

WHAT IS SPEND??
Mercuryo’s Spend allows wallet apps to integrate virtual Mastercard debit cards directly into their applications. Through the Spend Card, Mercury promises to enable the crypto community to use their crypto assets to “spend on anything. Anytime. Anywhere.”

Spend aims to provide a fast and cost-effective method for crypto users to convert and spend their digital assets from their wallets. Beyond the simplicity of Mastercard, Apple Pay, and Google Pay integration, Spend also offers card customization, meaning wallet providers can incorporate their logos into virtual cards.

Spend is fully self-custodial, meaning users have full control over any assets deposited into the card account. Additionally, the platform offers multi-chain support, including Solana, Ethereum, and PolkaDot.

As part of the announcement, Mercuryo teased that several leading Web3 wallets will be adding Spend in the near future. SolanaFloor engaged Mercuryo for comment on the matter but is yet to receive a response.

Why Web3 Needs Better Off-Ramps
Since the birth of the industry, crypto companies have focused tirelessly on streamlining the flow of funds into decentralized economies. According to Mercuryo, “on-ramping is now a user-friendly process, and users can purchase crypto with ease.”

While onboarding has become easier with exchanges and third-party apps readily available, bringing funds back into the real world still poses significant barriers. Mercuryo argues that the biggest struggles facing crypto off-ramping are:

1. Poor UX of existing solutions - Users need to jump through a variety of hoops to withdraw funds. Many platforms are only available in certain regions and popular offboarding platforms offer limited support outside of mainstream cryptos.

2. Bank restrictions - Traditional banks often block payments from crypto-related companies and freeze accounts suspected of interacting with cryptocurrency.

3. Extortionate fees - Third-party apps and intermediaries can charge high fees on crypto-to-fiat withdrawals, discouraging users from transferring funds.

Slow processing times - After becoming accustomed to rapid, permissionless transfers onchain, crypto-to-fiat withdrawals can feel slow and cumbersome.

While the industry loves to discuss and promote progress and efforts toward crypto onboarding, finding seamless methods of getting funds off-chain is equally important.

Mercuryo’s commitment to simplified crypto off-ramps helps to legitimize digital currencies as meaningful financial tools. Through the Spend card, millions of crypto users may be able to enjoy improved access to their funds in real-world contexts, solidifying the role of cryptocurrency in the Web2 world

🚨💳 Mastercard launches a euro debit card allowing users to spend their cryptocurrencies directly from a non-custodial wallet at more than 100 million merchants

🚨 VanEck publishes its predictions for the price of bitcoin in 2050:

Bearish scenario = $130 ,000
Base case = $2 ,910,000
Bullish scenario = $52 ,386,000

By 2050, #Bitcoin could represent 10% of international trade and 5% of local trade gain with central banks holding it as a reserve asset.

Risks to Bitcoin's growth are:
🔹 The growing demand for energy
🔹 Concerted government repressions
🔹 Competition with other digital assets.

"We believe many of these distortions stem from a massive misallocation of capital since the global financial crisis as G7 governments overused the printing press, spending borrowed money on impossible goals.
Bitcoin...is the ultimate hedge against this growing fiscal recklessness"
says Matthew Sigel, head of digital asset research at Van Eck.

Public spending and aid are the norm and the preamble to universal basic income.

The consumer is no longer the center of the economy, it is the government whose spending sustains everything.

Of course this expense is debt, so you have to know how to protect yourself from the upcoming mega devaluation of the USD.

#Bitcoin Technology stocks, semiconductors and commodities are ideal in this situation.

Read the instructions and conditions to integrate the project's token for use as peer-to-peer spending currency on Shopify

🚨 MetaMask partners with Mastercard and Baanx to launch the world's first Mastercard debit card that enables instant spending directly from your self-custody wallet.

The MetaMask Card works like a traditional debit card: users can make purchases directly from their MetaMask wallet.

The Crypto is then instantly converted to fiat and available for purchases online or in-store.

“MetaMask Card represents a major step towards eliminating the friction that exists between blockchain and traditional payments. It is a paradigm shift that offers the best of both worlds,” said Lorenzo Santos, Senior Product Manager at Consensys

https://consensys.io/blog/...

🚨 Highlight of the interview between Elon Musk and Trump:

👉 The interview began with Elon Musk discussing a massive DDoS attack that severely disrupted and delayed the live broadcast, originally scheduled for 8 p.m. Musk said the incident clearly revealed the strong opposition to President Donald Trump's speech:

🔹 "This massive attack shows that there is a lot of opposition to people simply hearing what President Donald Trump has to say."

🔹 Elon Musk then found it fascinating that Thomas Crooks chose the most obvious location for an assassination attempt, although no one anticipated it.

🔹 “If the goal is to assassinate, what would be your favorite place? This building. This building would be number one,” Elon Musk remarked. Donald Trump agreed: “That would have been the most appropriate place.”

👉 Elon Musk then expressed his admiration for Trump's reaction to an assassination attempt. He praised the president's determination not to be defeated by this dramatic event, but to continue to fight with a firm will and a spirit of defiance.

🔹 “Your actions following this assassination attempt have been truly inspiring,” said Elon Musk.

👉 The conversation then turned to politics, with Donald Trump voicing scathing criticism of Vice President Kamala Harris for what he called blatant hypocrisy.

🔹 Donald Trump accused Harris of plagiarizing one of his proposals, that of abolishing taxes on tips, while at the same time supporting increased IRS surveillance of citizens' tips. He denounced this inconsistency by declaring: "These people are FAKES", highlighting the contrast between past actions and current positions.

🔹 Donald Trump recalled that the previous administration had hired 88,000 new IRS agents to closely monitor tips received by waitresses and carts. According to him, this policy was mainly aimed at increasing surveillance and imposing additional burdens on workers in these sectors.

🔹 However, Donald Trump pointed out that Harris had recently adopted his proposal to eliminate tip taxes, which he said illustrated political opportunism. He accused Harris of changing her position in response to political pressure, saying that the move was designed to improve her image and gain political advantage, while remaining at odds with the policies she previously supported.

👉 Elon Musk then expressed grave concern about the future of the United States if current border policies continue.

🔹 "I'm not sure we'll have a country anymore if open borders continue for four years," he warned.

🔹 Donald Trump added that if Kamala Harris were elected, it could lead to the arrival of 50 to 60 million people from various countries around the world.

🔹 “Inflation comes from government overspending because checks never bounce when they are written by the government,” Musk explained. He suggested the creation of a “government efficiency commission” to review and reduce wasteful spending, noting that interest payments on the national debt have now exceeded the defense budget, a situation that demands immediate action.

👉 Finally, Elon Musk addressed the subject of censorship, expressing harsh criticism towards Thierry Breton, the European Commissioner, whom he accuses of having tried to censor his conversation with Donald Trump.

🔹 Elon Musk referred to Breton's warning, who had said: "With a larger audience comes greater responsibility." This statement was perceived by Musk as an attempt to limit freedom of expression, which prompted him to react strongly.

🔹 To express his displeasure, Elon Musk shared a provocative meme addressed to Breton, asking him to “take a big step back and literally fuck off.” This reaction underlined his firm opposition to any form of censorship, especially when it seems to target freedom of expression on public platforms.

👉 Elon Musk then highlighted the way Donald Trump had handled freedom of expression during his first term.

gn gn gn:) I spend all my time on my telegram channel now, where I talk about cryptocurrency, link in profile
#gn #crypto @bullverse

Aiming to streamline and simplify the Solana user experience, Fuse Wallet has unveiled yet another creative tool. After delivering Solana’s leading multisig solution and developing a seed phraseless smart wallet, Fuse is finally bringing gas abstraction to Solana.

What is gas abstraction, and how does it facilitate simplified applications on the Solana blockchain?

HOW DOES GAS ABSTRACTION WORK
In an eagerly awaited update, Fuse Wallet has finally implemented gas abstraction. A helpful onboarding tool, gas abstraction makes Solana gas payments simpler than ever before by expanding the ways in which users can pay transaction fees.

Through the platform’s Paymaster feature, Fuse Wallet’s native LST (Liquid Staking Token), fuseSOL can be automatically converted to SOL to pay transaction fees. This gives users greater flexibility by enabling them to deploy all their SOL throughout the ecosystem while still enjoying the staking rewards provided by fuseSOL.

Essentially, Fuse Wallet’s Paymaster feature ensures that your wallet always maintains a minimum balance of fuseSOL that is sufficient to pay transaction fees. Kept separate from your main balance, the Paymaster also allows for a daily spending limit of 0.1SOL.

While for now, this might sound as simple as using fuseSOL for transaction fees instead of SOL, the future implications allow for a far more diversified onchain landscape.

WHY IS THIS HELPFUL?
In the future, Fuse Wallet expects that users will be able to pay gas fees using any supported cryptocurrency, like USDC. Successful implementation of gas abstraction means that users are no longer required to hold SOL in their wallets, enabling them to explore the Solana ecosystem with greater freedom and simplicity.

Additionally, gas abstraction will make it possible for applications to cover the costs of network transaction fees on behalf of their users. This feature eliminates a massive friction point that hampers adoption and helps new users join the onchain economy.

Commentators on social media have lauded the move as a bold step forward for crypto onboarding.

@Bullverse
Integrate $BULL with solanapay and helio for real world consumption, BULL can be used to purchase any goods on Shopify. DEV of the project can read the payment integration guide of Solana pay and helio. We have tjeer integrated to pay peer to peer spending on shopping all goods by helio and shopify. After only 4 months of release, WIF has become expensive quickly due to the integration of Pay on all aspects of shopify. This project has good DEV, I hope to integrate $BULL peer to peer transactions on shopify. Everyone earns a lot of money on Sol, then must launder money by spending on shopping goods on shopify, no one leaves it in the air forever.
I wrote this in the comments section requesting a new feature in Tele.

Weekly Outlook Charts: August 5-9:

#DXY Despite the volatility, the weekly time frame still shows bearish divergence. Hence why i think we will still continue on the leg down to 96.9 as forecasted many months ago. Nothing has changed here.

Weekly: https://www.tradingview.co.../

Daily: Solid rejection off 106/107 level instills confidence of further downside to target.

https://www.tradingview.co.../

🎯Target at 97 remains.

Doesnt lower DXY mean gains for risk assets like crypto? Not quite..

Where I was wrong about DXY and why: Historically speaking, DXY strength correlates well with economic activity. A strong dollar is good for markets because it signals we are headed in the right direction. Economy > earnings > stock prices. However, more recently as we've seen in 2022 and 2023, a stronger dollar had a negative affect on equities - mainly risk assets such as cryptos. This was because of deleveraging of global liquidity in the form of quantitative tightening. Interest rates were climbing at a record pace to stop inflation, while making the risk free rate (bond yields) more rewarding than most high growth companies. Growing a company became much more difficult when compared to low rate environments. Good news was bad news for the market.

The market reaction of recent economic data indicates a possible turning point for bad news being bad for the market. So even though , DXY is still on track to its forecast from months prior, risk assets may not perform as expected. We must look at other factors outside of DXY strength - as I normally do - to gauge whether upside on cryptos are worth while...

Yield Curve Inversions:
For the first time since June 2022, the yield curve has hit 0%. After spending a record time inverted, there are signs the yield curve is finally re-inverting back to normal. The re-inversion usually causes the most damage to markets as a recession hits, and growth stagnates.

#US10Y
Below shows the yield curve vs the S&P 500.
https://www.tradingview.co.../

Since 1990, there has been a 4/4 probability of market declines and recession proceeding the re-inversion.
For data not shown on Tradingview, there were 2 outliers in 1980 and 1982 where the market nearly bottomed as it re-inverted (https://fred.stlouisfed.or...)

However, the last two re-inversions still had the market increase for the proceeding 24 weeks (5-6 months). This is very important information. If this cycle plays out like the last 2, the markets might still crawl higher until Jan 2025.

#US10Y
Below shows the yield curve vs gold.

https://www.tradingview.co.../

🎯Target for 3000

As the yield curve re-inverts, it presents an opportunity for safe haven assets like gold to outperform. The only outlier was 1980 and 1982 when gold had already increased 800% in the few years prior due to Fed Volcker's era of runaway inflation.

Evidenced by the inverted yield curve's track record of predicting recessions, the Sahm Rule was also triggered on Friday's unemployment data. Since 1950, the Sahm Rule was able to predict a recession 10/11 times (91% chance). Every time it did predict a recession, it did so within 4 months.

Coincidentally, This time frame fits quite nicely with the 24 weeks of upside proceeding the re-inversion before the start of a bear market

Automated scalping strategy update #4

The volume is back on solana, allowing good results

➳By automating data collection I'll be able to spend less time collecting info

➳Telegram bots don't allow for much control over the strategy, will be exploring other ways of trading

➳Some tokens lose their momentum once they reach trending, using other trading indicators could bypass them
(rather than going with latest timeframe price change)

Will be following this update with additional research shortly

Sanctum reveals collaboration with BasedApp on the first LST-powered debit card.

The innovative card will allow users to spend staking rewards directly by converting cardSOL yields to USDC, eliminating the need to offramp.

💎💎💎💎💎💎💎💎💎 #Validators MEV on Solana $SANDY $CHINU $CHEDDA $VONSPEED $NINJA $CHUD
#Web3 and LaunchPad $BULL $UToob $KEIF $YIET $MEDIA
#PAY $PAYPAW $SOLC $SPEND
#CASINO #POKER $KITTENWIF $UPDOG $W .S.O.P $BET

Spending 20k in a club is a flex, I won’t pretend it isn’t.

But sitting in your office and spending 20k throughout the day helping out good people doing gods work that you’ve seen online is also a flex.

I feel good today. Gods given me a lot and I like to give back.

How are you spending your summer?

Daily Memecoin Recap - July 8

In these market conditions, 99.9% of coins die within the same day

Learn to make your money & move onto the next opportunity

Messi Promotion
$water -> $24 .95m to $133m (5.33x)
- Lionel Messi posts a promotion for $water on his ig story
- Water team has hella money to spend

Pauly Pushes a New Coin
$cam -> hit $3 .84m,
Pauly0x, coin about bigbendoteth

Solly Relaunch
$solly -> hit $11m , claims they relaunched because some KOLs dumped the chart

Retardio ATH
$retardio -> $12 .6m to $74 .7m (5.96x from the low)
- One of the most insane communities on CT

Dog Memes
$boppy -> $182k to $1 .2m (6.62x), CTO
$gibby -> hit $1m , CTO, good volume
$pluto -> hit $990k
$ranchy -> hit $900k , CTO, infinitely memeable cute dog
$pup -> hit $490k , "pupcorn"

Cat Memes
$mao -> $760k to $4 .57m (6x), CTO, either a dead cat bounce or coming back to life
$gm -> $405k to $1 .48m (3.65x), good ticker
$bub -> hit $1m , this meme has been done multiple times
$tard -> hit $550k , CTO
$chandi -> hit $520k ,
bsol_x's cat, not her coin

Moonshot Launches
$landlord -> $1 .81m to $7 .34m (4.05x),
dexscreener's moonshot
$notsec -> hit $3 .64m
$josh -> hit $900k , "strongest man on solana"
$obema -> hit $560k , redacted MichelleObama

More Cooks
$lockin -> $16 .56m to $37m (2.23x), solid community, lockin has cemented itself as a leader in the slang meta
$nomnom -> $802k to $4m (4.98x)
$shork -> $555k to $1 .42m (2.55x), team continues to push, originally launched by yelotree

$typeshit -> $420k to $2 .7m (6.42x), normie approved meme, goated CTO team, good community
$max -> hit $14 .5m, heavily bundled
$rocky -> hit $2 .2m, good team & community, literally just a rock
$glitch -> hit $1m
$mitty -> hit $826k , "
Matt_Furie's pet hamster"

Volume is low, most coins are pump & dumps

It's all about who can exit first at the moment, no one wants to hold for long

$sol to $250 asap pls

Daily Memecoin Recap - July 7

Today had some interesting plays

More runners today than the last couple of days, most coins are still struggling to break past $200k though

Game(.)com Launch
$brofren -> hit $6m , one of the first coins launched on memeisgame
$777 -> hit $1 .8m, bazinga says this is the first and last coin that he will create on memeisgame, people are speculating that this will be an influencer's coin
- bazingahappy's platform launches

Ben.eth Launch
$apepe -> hit $5 .55m, Angel Pepe, bigbendoteth, his old twitter was suspended
$dpepe -> hit $470k , Devil Pepe, beta to $apepe

Zazu Relaunch
$zazu -> hit $2 .4m, 3rd time somebody launches Zazu, this is not the OG one, CTO
$zazu -> hit $250k , rumored to be deployed by the same deployer as $wif

Landlord Takeover
$landlord -> $5 .3m to $18 .15m (3.42x)
$tnnt -> hit $1 .15m, "Tenant Messo", Tenant to $landlord , launched on dexscreener's moonshot

Dog Memes
$scooby -> $1 .86m to $7 .33m (3.94x), Real dog that looks like scooby doo, good team, organized push
$chilly -> $230k to $3 .55m (15.43x)
$dilly -> $265k to $2 .02m (7.62x)
$buddy -> $430k to $1 .25m (2.9x), good CTO team
$rawdog -> hit $900k
$hachiko -> hit $470k , CTO

Cat Memes
$lufi -> hit $3 .4m, CTO team has been pushing for days
$gm -> hit $1m , CTO
$sweetie -> hit $570k , CTO, organized push
$savage -> hit $374k , "Savage Cat", CTO

More Cooks
$typeshit -> $300k to $1 .35m (4.5x), slang meta, pushed by many KOLs
$otti -> $115k to $747k (6.49x), otter meme
$kong -> hit $4m , insta filled from pumpfun directly to millions, similar art to $brett

Start of a new week tomorrow

Hoping volume continues to pick up

Lock in 🔒

This crypto punk just sold for 130 eth

Would you spend that much on an nft if you had it lol

Polkadot spend near 500k per month on KOLS….

I’m not an expert but that seems ridiculously high

What are the prizes for activity ?

Nothing personal but I’m taking top prize every time

And if you try to overtake me I’ll just spend 10+ Hours liking reposting and commenting on everything

Goodluck to you

Is OP_CAT the missing piece for BTC L2s?

This opcode has everyone talking; what does it do?

A beginner's guide 👇

Bitcoin L2s are the talk of the town, but not much of their promise has been realized yet.

What are Bitcoin's builders waiting for?

One significant proposal could help mature the Bitcoin L2 landscape: the reintroduction of OP_CAT. This opcode, which was disabled early in Bitcoin's history, could unlock new capabilities and pave the way for more sophisticated and trustless Bitcoin L2 solutions.

Let's dig into why this opcode could be so transformative for BTC 👇

What is OP_CAT?
Okay, so why is this seemingly random opcode so controversial? OP_CAT, or "Operation Concatenate" is an opcode in Bitcoin's scripting language that allows for the concatenation of two data elements.

Initially proposed by Satoshi Nakamoto, OP_CAT was disabled in 2010 due to security concerns related to its original implementation, specifically potential denial-of-service (DoS) attacks caused by unbounded memory usage.

The introduction of the Taproot upgrade in 2021 has mitigated these original concerns. Taproot enforces a maximum stack element size of 520 bytes, addressing the memory usage issue that led to OP_CAT's deactivation. With this security improvement and resurgent Bitcoin development interest, thanks to Ordinals and Runes, a movement to reintroduce OP_CAT to enhance Bitcoin's scripting capabilities is gaining steam, aiming to put more complex transaction capabilities in reach.

Are Covenants and Smart Contracts Different?
One reason why OP_CAT is so compelling is because it can actualize covenants, i.e. spending conditions, on Bitcoin. Covenants and smart contracts are both mechanisms for controlling the flow of funds in a blockchain network, but they operate in distinct ways.

Covenants:
Purpose: Restrict how funds can be spent in future transactions.
Functionality: Implement specific spending constraints, such as limiting addresses or setting conditions on fund transfers.
Complexity: Generally involves simpler, deterministic logic without loops or complex computations.
Implementation: Can be implemented using Bitcoin Script with enhancements like OP_CAT.

Smart Contracts:
Purpose: Automate a wide range of processes and transactions.
Functionality: Handle complex tasks such as decentralized exchanges, token issuance, and multi-party agreements.
Complexity: Support complex conditional logic, including loops and intricate computations.
Implementation: Commonly implemented on platforms like Ethereum using high-level programming languages.

Why Does OP_CAT Matter for Bitcoin L2s?
OP_CAT would prove crucial for advancing Bitcoin L2 solutions because it enhances the scripting capabilities needed for more complex and trustless Bitcoin infra. First, OP_CAT allows for covenants, enabling the construction of more complex scripts. This is essential for creating advanced transaction conditions and functionalities required for L2 solutions.

Additionally, if OP_CAT is activated, projects like StarkWareLtdare on standby to develop atop it. StarkWare has plans to leverage OP_CAT for bringing zero-knowledge (ZK) scaling to #Bitcoin to enable advanced financial instruments and apps on the network. StarkWare’s involvement here underscores the broader ecosystem's readiness to capitalize on the enhanced capabilities that OP_CAT would introduce.

As such, as the community continues to explore and test the possibilities around this proposal, the future of Bitcoin L2s looks promising and ripe with potential. At this point, reactivating OP_CAT seems like a matter of when not if!

Written by
WPeaster