8 days ago
Phantom, Solana’s most widely used wallet provider, has drawn criticism from some users for charging fees on in-app token swaps.
While some disgruntled community members attacked Phantom, voices across the Solana ecosystem came to the wallet’s defence. Reigniting debate around business models in the Web3 world, Phantom’s supporters argue that the platform has a right to generate revenue.
In an industry where meme coin presales can raise over $40M , is it fair to attack businesses providing essential services for charging easily avoidable fees?
SOLANA COMMUNITY MEMBERS COMPLAIN ABOUT 0.85% SWAP FEE
Frustrated Solana users have taken to 𝕏 to air their grievances about Phantom’s in-app swap fees. The public outrage came following circulation of data suggesting that the wallet provider generated over $30M in revenue through token swaps.
Comparisons between quotes between wallets and DEX aggregator Jupiter only added further fuel to the fire. Perhaps spurred on by stagnant market conditions, commentators on social media remarked that discrepancies between swaps provided by Phantom and Jupiter were “actually ridiculous.”
Eagle-eyed users remarked that the data wasn’t wholly accurate. Galactic Geckos founder Genuine Articles highlighted that the $30M figure was lower than expected, before Fabiano.sol, the influencer who originally shared the data, acknowledged that Phantom would’ve generated over $10M through in-app token swaps in 2021 alone.
While it’s obvious that traders can access better rates by using platforms like Jupiter directly, can Wallet providers be blamed for charging fees on value-added services?
Is the Slander Against Phantom Justified?
Content creator and former Phantom team member Seb Montgomery countered the attacks levied against Phantom. Arguing that every business has operational costs that need paid, Montgomery asserted that “Dapps, apps, wallets, etc. need revenue or they close up shop, and head home.”
Hammering his points home, Montgomery reminded Solana users of their double standards. The content creator highlighted how network participants were willing to provide over $40M to the $WATER memecoin presale, but criticized an 0.8% fee on services offered by one of Solana’s longest-standing products.
“You have probably lost $1000s on the pure rubbish. So don't be a clown and not support the wallets that make it all possible.” - Seb Montgomery
Montgomery also acknowledged that Solana owes much of its success to Phantom. Paying homage to Phantom’s position as Solana’s most widely used wallet, Montgomery asserted “Without Phantom, Solana's success would not have been anywhere near where it got to.”
WHICH WALLET GIVES THE BEST VALUE ON SWAPS?
While traders and users looking for the best rates should always go directly to decentralized exchanges or aggregators, it’s also worth knowing the various in-app swap rates of different wallets.
Fuse Wallet - 0%
Solflare - 0.8%
Phantom - 0.85%
Backpack - 0.85%
It should also be noted that all Solana wallets route their trades through Jupiter. Solana’s leading DEX aggregator typically offers the best rates on trades and allows third-party apps to add fees onto swaps.
Despite some traders expressing frustration, Phantom and other wallet providers have always been transparent and forthcoming about in-app swap fees. Using wallet-based swaps is completely optional and easily bypassed. Trader’s complaints are hardly unresolved.
While some disgruntled community members attacked Phantom, voices across the Solana ecosystem came to the wallet’s defence. Reigniting debate around business models in the Web3 world, Phantom’s supporters argue that the platform has a right to generate revenue.
In an industry where meme coin presales can raise over $40M , is it fair to attack businesses providing essential services for charging easily avoidable fees?
SOLANA COMMUNITY MEMBERS COMPLAIN ABOUT 0.85% SWAP FEE
Frustrated Solana users have taken to 𝕏 to air their grievances about Phantom’s in-app swap fees. The public outrage came following circulation of data suggesting that the wallet provider generated over $30M in revenue through token swaps.
Comparisons between quotes between wallets and DEX aggregator Jupiter only added further fuel to the fire. Perhaps spurred on by stagnant market conditions, commentators on social media remarked that discrepancies between swaps provided by Phantom and Jupiter were “actually ridiculous.”
Eagle-eyed users remarked that the data wasn’t wholly accurate. Galactic Geckos founder Genuine Articles highlighted that the $30M figure was lower than expected, before Fabiano.sol, the influencer who originally shared the data, acknowledged that Phantom would’ve generated over $10M through in-app token swaps in 2021 alone.
While it’s obvious that traders can access better rates by using platforms like Jupiter directly, can Wallet providers be blamed for charging fees on value-added services?
Is the Slander Against Phantom Justified?
Content creator and former Phantom team member Seb Montgomery countered the attacks levied against Phantom. Arguing that every business has operational costs that need paid, Montgomery asserted that “Dapps, apps, wallets, etc. need revenue or they close up shop, and head home.”
Hammering his points home, Montgomery reminded Solana users of their double standards. The content creator highlighted how network participants were willing to provide over $40M to the $WATER memecoin presale, but criticized an 0.8% fee on services offered by one of Solana’s longest-standing products.
“You have probably lost $1000s on the pure rubbish. So don't be a clown and not support the wallets that make it all possible.” - Seb Montgomery
Montgomery also acknowledged that Solana owes much of its success to Phantom. Paying homage to Phantom’s position as Solana’s most widely used wallet, Montgomery asserted “Without Phantom, Solana's success would not have been anywhere near where it got to.”
WHICH WALLET GIVES THE BEST VALUE ON SWAPS?
While traders and users looking for the best rates should always go directly to decentralized exchanges or aggregators, it’s also worth knowing the various in-app swap rates of different wallets.
Fuse Wallet - 0%
Solflare - 0.8%
Phantom - 0.85%
Backpack - 0.85%
It should also be noted that all Solana wallets route their trades through Jupiter. Solana’s leading DEX aggregator typically offers the best rates on trades and allows third-party apps to add fees onto swaps.
Despite some traders expressing frustration, Phantom and other wallet providers have always been transparent and forthcoming about in-app swap fees. Using wallet-based swaps is completely optional and easily bypassed. Trader’s complaints are hardly unresolved.
8 days ago
🚨 Bloomberg reports that Kamala Harris could fire Gary Gensler in the coming days.
Kamala Harris donors are privately urging her team to fire Gary Gensler from the SEC.
#btc 🚀
Kamala Harris donors are privately urging her team to fire Gary Gensler from the SEC.
#btc 🚀
12 days ago
Solana Breakpoint 2024 agenda announced.
Key topics include:
• Firedancer
• Solana 2.0
• The Solana Network State
Key topics include:
• Firedancer
• Solana 2.0
• The Solana Network State
1 month ago
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1 month ago
Buy Dexscreener Reactions!
Rocket Reactions, Fire Reactions. All orders get processed instantly & automatically.
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Buy Dexscreener Reactions | Boost Legends
Buy Dexscreener reactions at Boost Legends to boost your token's visibility! 🌟 Choose from Fire Dexscreener Reactions & Rocket Dexscreener Reactions. Enhance your crypto project today and stand out on Dexscreener.
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1 month ago
After years of development behind the scenes, the Paladin team is finally showing its hand. Proposing a more egalitarian approach to MEV rewards, Paladin aims to discourage MEV frontrunners and provide an alternative that is more profitable for everyone.
With MEV bots reportedly extracting millions from Solana DEX markets every month, Paladin might just be the knight in shining armor that Solana DeFi needs.
Fully decentralized, open-source, and permissionless, Paladin’s mission is to eliminate predatory MEV on Solana. But how does it work?
THE PALADIN BOT
Designed to run within the Jito client, the Paladin bot is a fast open-source arbitrage bot. It runs locally in a validator and only operates when that particular validator is the leader.
The Paladin bot relies on three distinct features to improve a validator’s APY (Annual Percentage Yield):
- Atomic Arb Bot - Not to be confused with a frontrunning sandwich bot, Paladin is a high-performance arbitrage bot that is faster than external searchers.
- CeFi/DeFi Arb - Leveraging a permissionless DeFi bulletin board that communicates directly with slot leaders, Paladin is able to capture MEV through CeFi/DeFi price discrepancies.
- PALAggregator - Running exclusively within the leader, Paladin bot knows with certainty the exact price of every asset in real time. The bot can use this advantage to find a better path on trades and share the surplus rewards with the wallet that executed the transaction.
Essentially, the Paladin bot is a powerful tool that is altruistically employed to benefit and incentivize honest validator behavior.
To reap the benefits of Paladin, validators need to operate the Paladin bot, which in turn rewards holders and stakers of the protocol's native token, PAL.
PALADIN REWARD DYNAMICS - THE PAL TOKEN
Breaking the trend of providing speculative governance tokens, Paladin has opted for a more tangible token economy driven genuine value accrual.
PAL, the protocol’s native token, serves as the means by which MEV rewards are distributed to stakers and validators running the Paladin Bot, or ‘Palidators’.
MEV rewards captured by Palidators are distributed as follows:
- 90% is returned to the leader
- 5% is directed to Palidators and their stakers, proportionate to the amount of SOL staked
- 5% is passed to PAL token holders. However, given that 50% is airdropped to validators and PAL stakers, unstaked PAL holders receive 2.5%
While PAL is not a governance token, it does play a crucial role in the ecosystem outside of reward distribution. If Palidators are believed to be operating dishonestly, PAL stakers can vote to slash that Palidator’s stake, burning its PAL.
The protocol aims to distribute MEV rewards among honest ecosystem contributors in a way that everyone wins, as opposed to a competitive scramble for larger pieces of the MEV pie.
Despite a relatively muted social presence, the Paladin launch is generating excitement behind closed doors. In an exclusive statement with SolanaFloor, Paladin representative Uri Klarman revealed that “8% of Solana stake have committed to being a launch partner and run Paladin ahead of the launch.”
Additionally, the protocol has plenty of resources to encourage continued development and expansion from ecosystem developers.
According to Klarman, a budget of $5M per year has been committed to continued development, meaning that ecosystem developers may be sufficiently inspired to expand Paladin beyond the Jito client to Firedancer and any subsequent clients in the future.
Paladin’s unique approach to MEV and reward distribution acknowledges that it’s impossible to prevent validators from frontrunning transactions. However, should the Paladin protocol prove successful, its reward structure would be a more economical alternative, hopefully making Solana an efficient DeFi ecosystem for all users.
With MEV bots reportedly extracting millions from Solana DEX markets every month, Paladin might just be the knight in shining armor that Solana DeFi needs.
Fully decentralized, open-source, and permissionless, Paladin’s mission is to eliminate predatory MEV on Solana. But how does it work?
THE PALADIN BOT
Designed to run within the Jito client, the Paladin bot is a fast open-source arbitrage bot. It runs locally in a validator and only operates when that particular validator is the leader.
The Paladin bot relies on three distinct features to improve a validator’s APY (Annual Percentage Yield):
- Atomic Arb Bot - Not to be confused with a frontrunning sandwich bot, Paladin is a high-performance arbitrage bot that is faster than external searchers.
- CeFi/DeFi Arb - Leveraging a permissionless DeFi bulletin board that communicates directly with slot leaders, Paladin is able to capture MEV through CeFi/DeFi price discrepancies.
- PALAggregator - Running exclusively within the leader, Paladin bot knows with certainty the exact price of every asset in real time. The bot can use this advantage to find a better path on trades and share the surplus rewards with the wallet that executed the transaction.
Essentially, the Paladin bot is a powerful tool that is altruistically employed to benefit and incentivize honest validator behavior.
To reap the benefits of Paladin, validators need to operate the Paladin bot, which in turn rewards holders and stakers of the protocol's native token, PAL.
PALADIN REWARD DYNAMICS - THE PAL TOKEN
Breaking the trend of providing speculative governance tokens, Paladin has opted for a more tangible token economy driven genuine value accrual.
PAL, the protocol’s native token, serves as the means by which MEV rewards are distributed to stakers and validators running the Paladin Bot, or ‘Palidators’.
MEV rewards captured by Palidators are distributed as follows:
- 90% is returned to the leader
- 5% is directed to Palidators and their stakers, proportionate to the amount of SOL staked
- 5% is passed to PAL token holders. However, given that 50% is airdropped to validators and PAL stakers, unstaked PAL holders receive 2.5%
While PAL is not a governance token, it does play a crucial role in the ecosystem outside of reward distribution. If Palidators are believed to be operating dishonestly, PAL stakers can vote to slash that Palidator’s stake, burning its PAL.
The protocol aims to distribute MEV rewards among honest ecosystem contributors in a way that everyone wins, as opposed to a competitive scramble for larger pieces of the MEV pie.
Despite a relatively muted social presence, the Paladin launch is generating excitement behind closed doors. In an exclusive statement with SolanaFloor, Paladin representative Uri Klarman revealed that “8% of Solana stake have committed to being a launch partner and run Paladin ahead of the launch.”
Additionally, the protocol has plenty of resources to encourage continued development and expansion from ecosystem developers.
According to Klarman, a budget of $5M per year has been committed to continued development, meaning that ecosystem developers may be sufficiently inspired to expand Paladin beyond the Jito client to Firedancer and any subsequent clients in the future.
Paladin’s unique approach to MEV and reward distribution acknowledges that it’s impossible to prevent validators from frontrunning transactions. However, should the Paladin protocol prove successful, its reward structure would be a more economical alternative, hopefully making Solana an efficient DeFi ecosystem for all users.
2 months ago
(E)
⚡️Trump promises SPACE growth for crypto! The ex-president is rocking out at the Bitcoin 2024 conference - “bitcoin will overtake gold in capitalization,” and the United States will become the crypto capital of the world.
Trump’s first decision will be to fire the chairman of the SEC (Securities and Exchange Commission) - it is this organization that is stopping the development of crypto business in the world.
Secondly, the government will stop selling confiscated bitcoins and create a powerful strategic reserve of cryptocurrencies. This will lead to insane growth!
The USA, as usual, is doing everything right, while many other countries are “chewing snot”. After all, that’s why they are capitalists 👍💪🏻
Crypto investors, waiting for takeoff #crypto #Bitcoin #trump #tokens #info
Trump’s first decision will be to fire the chairman of the SEC (Securities and Exchange Commission) - it is this organization that is stopping the development of crypto business in the world.
Secondly, the government will stop selling confiscated bitcoins and create a powerful strategic reserve of cryptocurrencies. This will lead to insane growth!
The USA, as usual, is doing everything right, while many other countries are “chewing snot”. After all, that’s why they are capitalists 👍💪🏻
Crypto investors, waiting for takeoff #crypto #Bitcoin #trump #tokens #info
2 months ago
Atsuko Sato was catapulted into history when a picture of her Shiba Inu, Kabuso, became one of internet culture’s most iconic memes.
Shortly after the death of the internet’s favorite pooch, Sato has again lit a fire under the cryptocurrency market by adopting a new dog. Named Neiro, the announcement of Sato’s second Shiba inspired a frenzy of onchain activity.
Shortly after the death of the internet’s favorite pooch, Sato has again lit a fire under the cryptocurrency market by adopting a new dog. Named Neiro, the announcement of Sato’s second Shiba inspired a frenzy of onchain activity.
2 months ago
July 19th’s devastating IT outage left hundreds of businesses across the world scrambling to provide basic services. A software bug that was prematurely pushed to production wrought havoc across the globe, temporarily shutting down banks, airlines, and essential services.
Cryptocurrency may not have been a solution to this particular problem, but the event still exposed the vulnerabilities and flaws of our reliance on centralized infrastructure.
What makes DePINs more resilient than centralized alternatives and why is Solana so well-equipped to support decentralized infrastructure?
SECURITY THROUGH DECENTRALIZATION
One of the fundamental staples of the cryptocurrency industry, decentralization is key to avoiding singular points of failure. Drawing resources and infrastructure from distributed sources makes any entity vastly more robust.
Despite detractors arguing that the network is dangerously centralized, Solana has proven its critics wrong, establishing itself as one of the industry’s most decentralized blockchains. A common and admittedly simplified measure of network decentralization, Solana boasts a Nakamoto Coefficient that surpasses the bulk of its rivals.
However, where Solana gains its edge is through the development of alternative validator clients. Barring Ethereum, most Layer One blockchains rely on one sole validator client. Ironically, if a software bug was pushed to production, as was the case with the CrowdStrike outage, these blockchains could also fall victim to a complete network outage.
On the other hand, Solana is on track to eliminate this vulnerability. The network currently hosts two independent validator clients. Solana’s network resilience will go to new heights with the deployment of Jump Crypto’s Firedancer client, which completely rewrites the network into a different programming language from scratch, eliminating the risk of one bug affecting various clients.
Not only is Solana becoming more decentralized by the day, but the network’s thriving DePIN sector is witnessing unrivaled adoption.
SOLANA LEADS REAL WORLD DePIN ADOPTION
Crypto’s DePIN sector is vague. Despite deploying zero infrastructure and offering no proof-of-concept, hundreds of different projects are categorized as DePIN protocols by various blockchain data sites.
For example, CoinMarketCap’s DePIN category features over 140 different DePIN projects but includes Layer 1 blockchains like Internet Computer (ICP). DePinScan, a research tool operated by IoTeX, lists 262 DePin cryptocurrency projects. Other resources, like EV3’s depin.ninja platform, suggests over 300 DePIN protocols are being built on Ethereum alone.
With such ambiguity surrounding what defines a DePIN network, how can we track the manner in which DePINs are actually being deployed and used?
Physical Infrastructure. Among hundreds of supposed DePIN projects, which protocols can individuals see first-hand through real-world devices or Proof-of-Concept?
According to EV3, Solana-based projects dominate their competitors in terms of active node deployments, with projects like Helium, Hivemapper, and Natix each operating hundreds of thousands of devices.
Courtesy of its unmatched scalability and performance, the Solana network is a natural choice for businesses looking to deploy DePINs. In the current blockchain landscape, no other blockchain is adequately equipped to support the data transmission of hundreds of thousands of devices without suffering debilitating latency issues and gas spikes.
Additionally, Solana benefits from the widespread use of mobile devices. Solana Saga, the network’s Web 3 phone, sold out following a collaboration with BONK and the second iteration has been preordered over 140,000 times.
With the future of the internet expected to be driven by mobile-first usage, the Solana network is ideally placed to establish itself as the leading chain for DePIN protocols.
Cryptocurrency may not have been a solution to this particular problem, but the event still exposed the vulnerabilities and flaws of our reliance on centralized infrastructure.
What makes DePINs more resilient than centralized alternatives and why is Solana so well-equipped to support decentralized infrastructure?
SECURITY THROUGH DECENTRALIZATION
One of the fundamental staples of the cryptocurrency industry, decentralization is key to avoiding singular points of failure. Drawing resources and infrastructure from distributed sources makes any entity vastly more robust.
Despite detractors arguing that the network is dangerously centralized, Solana has proven its critics wrong, establishing itself as one of the industry’s most decentralized blockchains. A common and admittedly simplified measure of network decentralization, Solana boasts a Nakamoto Coefficient that surpasses the bulk of its rivals.
However, where Solana gains its edge is through the development of alternative validator clients. Barring Ethereum, most Layer One blockchains rely on one sole validator client. Ironically, if a software bug was pushed to production, as was the case with the CrowdStrike outage, these blockchains could also fall victim to a complete network outage.
On the other hand, Solana is on track to eliminate this vulnerability. The network currently hosts two independent validator clients. Solana’s network resilience will go to new heights with the deployment of Jump Crypto’s Firedancer client, which completely rewrites the network into a different programming language from scratch, eliminating the risk of one bug affecting various clients.
Not only is Solana becoming more decentralized by the day, but the network’s thriving DePIN sector is witnessing unrivaled adoption.
SOLANA LEADS REAL WORLD DePIN ADOPTION
Crypto’s DePIN sector is vague. Despite deploying zero infrastructure and offering no proof-of-concept, hundreds of different projects are categorized as DePIN protocols by various blockchain data sites.
For example, CoinMarketCap’s DePIN category features over 140 different DePIN projects but includes Layer 1 blockchains like Internet Computer (ICP). DePinScan, a research tool operated by IoTeX, lists 262 DePin cryptocurrency projects. Other resources, like EV3’s depin.ninja platform, suggests over 300 DePIN protocols are being built on Ethereum alone.
With such ambiguity surrounding what defines a DePIN network, how can we track the manner in which DePINs are actually being deployed and used?
Physical Infrastructure. Among hundreds of supposed DePIN projects, which protocols can individuals see first-hand through real-world devices or Proof-of-Concept?
According to EV3, Solana-based projects dominate their competitors in terms of active node deployments, with projects like Helium, Hivemapper, and Natix each operating hundreds of thousands of devices.
Courtesy of its unmatched scalability and performance, the Solana network is a natural choice for businesses looking to deploy DePINs. In the current blockchain landscape, no other blockchain is adequately equipped to support the data transmission of hundreds of thousands of devices without suffering debilitating latency issues and gas spikes.
Additionally, Solana benefits from the widespread use of mobile devices. Solana Saga, the network’s Web 3 phone, sold out following a collaboration with BONK and the second iteration has been preordered over 140,000 times.
With the future of the internet expected to be driven by mobile-first usage, the Solana network is ideally placed to establish itself as the leading chain for DePIN protocols.
2 months ago
AMERICA AND BITCOIN
A historical speech. Here is Donald Trump's full speech at the Bitcoin Conference with timestamps and transcript.
TIMESTAMPS
1:36 - Shoutouts to David Bailey, Winklevosses, Michael Saylor, Cathie Wood, Ron Paul and Rand Paul, Vivek, and the victims of the July 13 assassination attempt.
7:00 - How Bitcoin rose from an idea on an anonymous message board to the 9th most valuable asset in the world.
10:00 - America is a nation in decline, and we cannot let China dominate Bitcoin. The US must lead in tech, science, manufacturing, AI, space, and power generation.
14:50 - Bitcoin will be mined, minted, and made in the USA. If it goes to the moon, it'll get there from America.
16:20 - How the Biden/Harris administration has waged war on crypto for the last three and a half years, by choking off banking support.
22:00 - The Biden/Harris administration is against Bitcoin, because it stands for freedom, sovereignty, and independence from government coercion and control.
25:00 - The day Trump takes the oath of office, Joe Biden, Kamala Harris, and Elizabeth Warren's anti-crypto crusade will be done. He will fire Gary Gensler on day one!
27:57 - Trump commits to immediately shutting down Operation Chokepoint 2.0, and creating a Bitcoin and Crypto Presidential Advisory Council. In 100 days, fair rules written by people who want crypto to thrive.
29:28 - There will never be a CBDC. And he will defend the right to self-custody, freedom of transaction, freedom of association, and freedom of speech.
30:25 - He'll support USD stablecoins and global savings in Bitcoin. And he recognizes that the behavior of the current US government is the threat to the dollar, not Bitcoin.
35:30 - Biden/Harris has presided over the biggest inflation in the history of America.
38:30 - Inflation destroyed Weimar Germany. Bitcoiners understood inflation better than anyone else. Inflation is stealth taxation, a national disgrace.
43:30 - Make the US the lowest cost energy producer in the world, given its natural resources, and turn it into a Bitcoin mining powerhouse. Americans will not need to move to China.
44:20 - The US government has violated the cardinal rule: never sell your Bitcoin. He will stop the US government from selling its Bitcoin. This will serve as the core of the strategic national Bitcoin stockpile.
46:00 - He will commute the life sentence of Ross Ulbricht to time served.
46:26 - He commits to becoming the pro-innovation, pro-Bitcoin, and pro-tech president that America deserves. And will make America and Bitcoin stronger, richer, freer, and greater than ever before.
A historical speech. Here is Donald Trump's full speech at the Bitcoin Conference with timestamps and transcript.
TIMESTAMPS
1:36 - Shoutouts to David Bailey, Winklevosses, Michael Saylor, Cathie Wood, Ron Paul and Rand Paul, Vivek, and the victims of the July 13 assassination attempt.
7:00 - How Bitcoin rose from an idea on an anonymous message board to the 9th most valuable asset in the world.
10:00 - America is a nation in decline, and we cannot let China dominate Bitcoin. The US must lead in tech, science, manufacturing, AI, space, and power generation.
14:50 - Bitcoin will be mined, minted, and made in the USA. If it goes to the moon, it'll get there from America.
16:20 - How the Biden/Harris administration has waged war on crypto for the last three and a half years, by choking off banking support.
22:00 - The Biden/Harris administration is against Bitcoin, because it stands for freedom, sovereignty, and independence from government coercion and control.
25:00 - The day Trump takes the oath of office, Joe Biden, Kamala Harris, and Elizabeth Warren's anti-crypto crusade will be done. He will fire Gary Gensler on day one!
27:57 - Trump commits to immediately shutting down Operation Chokepoint 2.0, and creating a Bitcoin and Crypto Presidential Advisory Council. In 100 days, fair rules written by people who want crypto to thrive.
29:28 - There will never be a CBDC. And he will defend the right to self-custody, freedom of transaction, freedom of association, and freedom of speech.
30:25 - He'll support USD stablecoins and global savings in Bitcoin. And he recognizes that the behavior of the current US government is the threat to the dollar, not Bitcoin.
35:30 - Biden/Harris has presided over the biggest inflation in the history of America.
38:30 - Inflation destroyed Weimar Germany. Bitcoiners understood inflation better than anyone else. Inflation is stealth taxation, a national disgrace.
43:30 - Make the US the lowest cost energy producer in the world, given its natural resources, and turn it into a Bitcoin mining powerhouse. Americans will not need to move to China.
44:20 - The US government has violated the cardinal rule: never sell your Bitcoin. He will stop the US government from selling its Bitcoin. This will serve as the core of the strategic national Bitcoin stockpile.
46:00 - He will commute the life sentence of Ross Ulbricht to time served.
46:26 - He commits to becoming the pro-innovation, pro-Bitcoin, and pro-tech president that America deserves. And will make America and Bitcoin stronger, richer, freer, and greater than ever before.
2 months ago
Donald Trump once said in the Bitcoin conference:
➵ Bitcoin is going to the moon and the USA 🇺🇸 will be the crypto capital of the world
➵ I will fire Gary Gensler on day one.
➵ I will stop US government from selling seized Bitcoin.
What else??
➵ Bitcoin is going to the moon and the USA 🇺🇸 will be the crypto capital of the world
➵ I will fire Gary Gensler on day one.
➵ I will stop US government from selling seized Bitcoin.
What else??
2 months ago
🗣️🇺🇸 Donald Trump live at the conference #Bitcoin2024
🔹 Donald Trump says that #Bitcoin will probably one day surpass the gold marketcap.
🔹 “The United States will be the crypto capital of the planet and the bitcoin superpower of the world.”
🔹 “Bitcoin is going to the moon,” and I want America to lead the way.
🔹 “On day one, I will fire Gary Gensler and appoint a new SEC chairman. »
🔹 “Bitcoin does not threaten the US dollar. US government policies threaten the US dollar. »
🔹 “I will stop the US government from selling seized bitcoin”
🔹 “If I am elected, my administration will hold 100% of the #Bitcoin that our country currently has, which will serve as a strategic national stockpile.”
🔹 “America will become the power of Bitcoin mining”
🔹 Donald Trump says that #Bitcoin will probably one day surpass the gold marketcap.
🔹 “The United States will be the crypto capital of the planet and the bitcoin superpower of the world.”
🔹 “Bitcoin is going to the moon,” and I want America to lead the way.
🔹 “On day one, I will fire Gary Gensler and appoint a new SEC chairman. »
🔹 “Bitcoin does not threaten the US dollar. US government policies threaten the US dollar. »
🔹 “I will stop the US government from selling seized bitcoin”
🔹 “If I am elected, my administration will hold 100% of the #Bitcoin that our country currently has, which will serve as a strategic national stockpile.”
🔹 “America will become the power of Bitcoin mining”
2 months ago
Daily Memecoin Recap - July 25
Overall slow day
Smoking Chicken Fish Steals The Show
$scf -> $14 .9m to $53 .6m (3.6x), "Church of the Smoking Chicken Fish"
$cfsm -> hit $1 .25m, "Church of the Flying Spaghetti Monster", beta to $scf
$crabs -> hit $540k , "Smoking Crabby", "The Holy Church of Bottom Feeders", beta to $scf
- Weird meme, but original
- Ansem bought & helped push this blknoiz06
- First time in a while that we see something that doesn't fit current metas (dogs, cats, matt furie characters, etc.) push this high
Mumu Blasts Through ATH
$mumu -> $82m to $187m (2.28x), Matt_Furie meme
- Whales heavily accumulating
- Someone 1 clip bought $2m worth and started clipping out of their position right after
$ETH whales push Brainlet
$brainlet -> $610k to $20 .8m (34x), popular meme
Mainstream Memes
$aura -> $32 .2m to $52 .3m (1.62x), great team
$manifest -> $2 .16m to $9 .67m (4.47x), CTO, team keeps pushing
$hmu -> $320k to $3 .4m (10.6x), "hit me up"
$omg -> hit $1 .22m, CTO'd
$test -> hit $948k , "testosterone"
$affirm -> hit $933k , same vibe as $manifest
$fml -> hit $265k
$bidness -> hit $260k , "standing on bidnes", CTO, cute cat
Chosen Memes of The Day
$oreo -> hit $1 .35m, dog with oreo-like fur
$usdt -> hit $1 .27m, "Ultimate Supreme Degen Tiger", fire meme, CTO
More Cooks
$karris -> $855k to $4 .7m (5.5x), "Kamela Karris", redacted KamalaHarris
$ikigai -> $1 .43m to $3 .8m (2.65x), wholesome
$meta -> $79k to $1 .56m (19.8x), wizard meme, cult-like community forming
$puppet -> hit $9 .22m, popular meme
$apu -> hit $4m , ran straight to millions, heavily bundled
$god -> hit $820k , "The First Dev"
$ets -> hit $575k , based on ETHEREALSOLS33
$lenny -> hit $540k , CTO, "( ͡° ͜ʖ ͡°)" meme
$raid -> hit $490k
$visualize -> hit $317k , CTO
$coca -> hit $398k , "Cocaine Shark"
$jesus -> hit $271k , "The First CTO Leader", beta to $god
Once we get back to full bull mode & retail starts coming in, people will stop jeeting for 10% profit
Until then, keep stacking your gains while minimizing risk🤝
Overall slow day
Smoking Chicken Fish Steals The Show
$scf -> $14 .9m to $53 .6m (3.6x), "Church of the Smoking Chicken Fish"
$cfsm -> hit $1 .25m, "Church of the Flying Spaghetti Monster", beta to $scf
$crabs -> hit $540k , "Smoking Crabby", "The Holy Church of Bottom Feeders", beta to $scf
- Weird meme, but original
- Ansem bought & helped push this blknoiz06
- First time in a while that we see something that doesn't fit current metas (dogs, cats, matt furie characters, etc.) push this high
Mumu Blasts Through ATH
$mumu -> $82m to $187m (2.28x), Matt_Furie meme
- Whales heavily accumulating
- Someone 1 clip bought $2m worth and started clipping out of their position right after
$ETH whales push Brainlet
$brainlet -> $610k to $20 .8m (34x), popular meme
Mainstream Memes
$aura -> $32 .2m to $52 .3m (1.62x), great team
$manifest -> $2 .16m to $9 .67m (4.47x), CTO, team keeps pushing
$hmu -> $320k to $3 .4m (10.6x), "hit me up"
$omg -> hit $1 .22m, CTO'd
$test -> hit $948k , "testosterone"
$affirm -> hit $933k , same vibe as $manifest
$fml -> hit $265k
$bidness -> hit $260k , "standing on bidnes", CTO, cute cat
Chosen Memes of The Day
$oreo -> hit $1 .35m, dog with oreo-like fur
$usdt -> hit $1 .27m, "Ultimate Supreme Degen Tiger", fire meme, CTO
More Cooks
$karris -> $855k to $4 .7m (5.5x), "Kamela Karris", redacted KamalaHarris
$ikigai -> $1 .43m to $3 .8m (2.65x), wholesome
$meta -> $79k to $1 .56m (19.8x), wizard meme, cult-like community forming
$puppet -> hit $9 .22m, popular meme
$apu -> hit $4m , ran straight to millions, heavily bundled
$god -> hit $820k , "The First Dev"
$ets -> hit $575k , based on ETHEREALSOLS33
$lenny -> hit $540k , CTO, "( ͡° ͜ʖ ͡°)" meme
$raid -> hit $490k
$visualize -> hit $317k , CTO
$coca -> hit $398k , "Cocaine Shark"
$jesus -> hit $271k , "The First CTO Leader", beta to $god
Once we get back to full bull mode & retail starts coming in, people will stop jeeting for 10% profit
Until then, keep stacking your gains while minimizing risk🤝
2 months ago
Daily Memecoin Recap - July 12
This week, volume was overall much better than last week. We had multiple million dollar runners
Play On Words Meta
$mob -> hit $8m , "money over bitches"
$wif -> hit $3 .3m, "wallahi I'm finished", CTO by some big names in the space
$mia -> hit $920k , "missed it again"
$btc -> hit $575k , "buy this cat"
- Fire meta
Make More Bread
$bread -> hit $1 .78m, just a loaf of bread
Cat Meta
$mongy -> $3 .56m to $11 .28m (3.17x), team continues to push
$bub -> $1 .26m to $4 .1m (3.25x), CTO based on a viral cat
$cult -> hit $1 .8m
$sad -> hit $870k , $relax dev (hit $1 .8m), heavily sniped once it hit raydium, KOLs involved
$smol -> hit $490k
Matt Furie Memes
$ducky -> hit $3 .6m
$floppy -> hit $970k , Matt Furie type meme
$mikkey -> hit $870k , "girls club", beta to Matt_Furie's "boys club"
More Cooks
$orc -> $2 .14m to $5 .72m (2.67x), based on Davincij15's tweet, bitget listing announced
$retiredio -> $54k to $400k (7.4x), $retardio beta, CTO
$bro -> hit $4 .3m, CTO led by trusted people, dog meme
$sigma -> hit $3m
$beast -> hit $2 .86m, coin based on MrBeast (not actually related to him)
$rent -> hit $994k , $landlord beta, launched on dexscreener's moonshot
$psyop -> hit $800k , vc chaotic asf, website links to CIA lol
$fade -> hit $260k , CTO, good meme
I miss seeing true communities form out of these memes
Weekends are for touching grass
Did you cook? 🍜
This week, volume was overall much better than last week. We had multiple million dollar runners
Play On Words Meta
$mob -> hit $8m , "money over bitches"
$wif -> hit $3 .3m, "wallahi I'm finished", CTO by some big names in the space
$mia -> hit $920k , "missed it again"
$btc -> hit $575k , "buy this cat"
- Fire meta
Make More Bread
$bread -> hit $1 .78m, just a loaf of bread
Cat Meta
$mongy -> $3 .56m to $11 .28m (3.17x), team continues to push
$bub -> $1 .26m to $4 .1m (3.25x), CTO based on a viral cat
$cult -> hit $1 .8m
$sad -> hit $870k , $relax dev (hit $1 .8m), heavily sniped once it hit raydium, KOLs involved
$smol -> hit $490k
Matt Furie Memes
$ducky -> hit $3 .6m
$floppy -> hit $970k , Matt Furie type meme
$mikkey -> hit $870k , "girls club", beta to Matt_Furie's "boys club"
More Cooks
$orc -> $2 .14m to $5 .72m (2.67x), based on Davincij15's tweet, bitget listing announced
$retiredio -> $54k to $400k (7.4x), $retardio beta, CTO
$bro -> hit $4 .3m, CTO led by trusted people, dog meme
$sigma -> hit $3m
$beast -> hit $2 .86m, coin based on MrBeast (not actually related to him)
$rent -> hit $994k , $landlord beta, launched on dexscreener's moonshot
$psyop -> hit $800k , vc chaotic asf, website links to CIA lol
$fade -> hit $260k , CTO, good meme
I miss seeing true communities form out of these memes
Weekends are for touching grass
Did you cook? 🍜
2 months ago
Daily Memecoin Recap - July 10
Volume slowly coming back as $sol stabilizes
Rocky Breaking Records
$rocky -> $6 .7m to $29 .75m (4.44x), pet rock
$papery -> hit $1 .16m, pet paper, beta to $rocky
- Extremely good team
- Organized push
Launch Gone Wrong
$jeb -> hit $29 .5m (now sitting at $1m )
- Pre-Sale
- Heavily sniped launch with KOLs onboard
Hawk Tuah Girl Part 2
$glak -> hit $830k , based on a girl in a viral video, deriv of $hawktuah
$fart -> hit $550k , also based on a viral video
Dog Meta
$buddy -> $720k to $5 .54m (7.69x), CTO team balling out on marketing
$boppy -> $670k to $1 .47m (2.19x), new ATH, CTO
$puka -> $67k to $380k (5.67x)
$popdog -> hit $4m , $popcat but a dog, CTO
$gidi -> hit $1 .85m, cute dog, $billy deriv, second CTO
$vibin -> hit $520k
Slang Meta
$aura -> $17m to $30 .43m (1.79x)
$trenches -> hit $1 .12m
$things -> hit $600k , "hearing things", popular sentence in crypto
$deadass -> hit $375k
Matt Furie
$spike -> $29 .6m to $46 .9m (1.58x), team wants to push
More Cooks
$zack -> $21 .7m to $46m (2.11x),
MrZackMorris's coin
$mongy -> $300k to $4 .3m (14x), monkey meme
$tard -> $56k to $700k (12.5x), cat meme
$fire -> hit $1 .55m, beta to $water (after Messi's promotion)
$high -> hit $1m , good art
$ruy -> hit $490k , redacted RoyCooperN, CTO
$freaky -> hit $373k
Slang & Dog metas are the strongest at the moment
Market is still very PvP on sol, no one wants to hold for long
Volume slowly coming back as $sol stabilizes
Rocky Breaking Records
$rocky -> $6 .7m to $29 .75m (4.44x), pet rock
$papery -> hit $1 .16m, pet paper, beta to $rocky
- Extremely good team
- Organized push
Launch Gone Wrong
$jeb -> hit $29 .5m (now sitting at $1m )
- Pre-Sale
- Heavily sniped launch with KOLs onboard
Hawk Tuah Girl Part 2
$glak -> hit $830k , based on a girl in a viral video, deriv of $hawktuah
$fart -> hit $550k , also based on a viral video
Dog Meta
$buddy -> $720k to $5 .54m (7.69x), CTO team balling out on marketing
$boppy -> $670k to $1 .47m (2.19x), new ATH, CTO
$puka -> $67k to $380k (5.67x)
$popdog -> hit $4m , $popcat but a dog, CTO
$gidi -> hit $1 .85m, cute dog, $billy deriv, second CTO
$vibin -> hit $520k
Slang Meta
$aura -> $17m to $30 .43m (1.79x)
$trenches -> hit $1 .12m
$things -> hit $600k , "hearing things", popular sentence in crypto
$deadass -> hit $375k
Matt Furie
$spike -> $29 .6m to $46 .9m (1.58x), team wants to push
More Cooks
$zack -> $21 .7m to $46m (2.11x),
MrZackMorris's coin
$mongy -> $300k to $4 .3m (14x), monkey meme
$tard -> $56k to $700k (12.5x), cat meme
$fire -> hit $1 .55m, beta to $water (after Messi's promotion)
$high -> hit $1m , good art
$ruy -> hit $490k , redacted RoyCooperN, CTO
$freaky -> hit $373k
Slang & Dog metas are the strongest at the moment
Market is still very PvP on sol, no one wants to hold for long
2 months ago
Jump Crypto’s eagerly awaited Firedancer client has achieved a key milestone, sparking excitement for its future launch.
Perhaps the biggest network update in Solana history, Jump Crypto’s Firedancer validator client draws closer to mainnet launch every day.
While still operating in a testnet environment, Jump Crypto’s Firedancer validator client has made waves in the Solana ecosystem. After years of development work, the full validator client confirmed its inaugural accepted block at 23:07 UTC.
Perhaps the biggest network update in Solana history, Jump Crypto’s Firedancer validator client draws closer to mainnet launch every day.
While still operating in a testnet environment, Jump Crypto’s Firedancer validator client has made waves in the Solana ecosystem. After years of development work, the full validator client confirmed its inaugural accepted block at 23:07 UTC.
2 months ago
Solana's first version of Firedancer v0.1 is entering its initial bug bounty program on July 10th.
Be ready!!!
Be ready!!!
3 months ago
The Legacy of Zuzalu: One Year Later 🌇
Can the ephemeral city experiment inspired by Vitalik live on?
One year ago this week, our very own
TrustlessState shared details about his experience living with some of crypto’s brightest minds in the ephemeral city called Zuzalu.
You can read David's full breakdown of his experience below:
👉 http://bankless.cc/David_Z...
This popup city housed over 200 people from diverse regions and fields for two months. David conducted a number of interviews with fellow attendees during this time on topics spanning zero-knowledge proofs, longevity and biotech, network states, and public goods. You can check out those conversations below.
👉 http://bankless.cc/ZuzaluC...
Inspired and initiated by VitalikButerin, Zuzalu blended structure and spontaneity to construct a successful experiment, but almost immediately after the ephemeral city dispersed, attendees wondered how they could keep the fire of Zuzalu alive and continue to offer places for the ethos of Ethereum to connect with disparate emerging technologies.
Let’s take a look at what they’ve been up to since 👇
🏡 The Rise of Zu-Villages
The success of Zuzalu sparked interest in continuing the concept of crypto pop-up cities called Zu-villages.
Earlier this year, a gitcoin grants program offered 250 ETH in funding for creating Zu-villages and Zu-related technology. The round ran from Jan. 15 to Feb. 15, providing funding for 32 events like JoinEdgeCity, Esmerelda and ZuBerlinCity, which are currently running or have just finished, and 28 tools like ZupassProject and MuseMatrix_, a DeSci research institute.
Many of these tie into Zuzalu City, a community hub for Zu-villages and related software, including a calendar of pop-up cities like the few we've highlighted below:
Edge Esmeralda
The ongoing Edge Esmeralda is a month-long popup village focused on incubating novel technologies and new ways of living, aiming to build a foundation for a permanent new town, Esmeralda, around Healdsburg, CA. With $217K in funding from the Zuzalu grants round, Esmeralda put together a series of events centered around human organization, robotics, artificial intelligence, real-world crypto applications, and health and longevity.
The rise of Zu-villages illustrates the enduring impact of Zuzalu, with these pop-up cities continuing to foster collaboration, technological advancement, and a decentralized way of living across the globe.
These pop-up villages demonstrate a model where individuals can co-live, co-work, and co-create, blurring the lines between professional collaboration and communal living to create atmospheres aligned with personal sovereignty and collective problem-solving. The transient nature of these communities allows for flexibility and adaptability, where new ideas can be tested and refined in real time.
It highlights a future where governance is more fluid, technology enhances participants' health, and community building is a continuous, evolving process.
By providing spaces for like-minded individuals to come together, Zuzalu and its successors create fertile ground for social experimentation and technological innovation. They embody the spirit of decentralized, autonomous living, further reflecting the broader societal trends towards alternative lifestyles in the digital age. Overall, the legacy of Zuzalu lies in its ability to inspire and enact a vision of a forward-thinking world, where dynamic, transient communities can thrive and innovate, and tech and health exist in harmony.
Written by davewardonline
Can the ephemeral city experiment inspired by Vitalik live on?
One year ago this week, our very own
TrustlessState shared details about his experience living with some of crypto’s brightest minds in the ephemeral city called Zuzalu.
You can read David's full breakdown of his experience below:
👉 http://bankless.cc/David_Z...
This popup city housed over 200 people from diverse regions and fields for two months. David conducted a number of interviews with fellow attendees during this time on topics spanning zero-knowledge proofs, longevity and biotech, network states, and public goods. You can check out those conversations below.
👉 http://bankless.cc/ZuzaluC...
Inspired and initiated by VitalikButerin, Zuzalu blended structure and spontaneity to construct a successful experiment, but almost immediately after the ephemeral city dispersed, attendees wondered how they could keep the fire of Zuzalu alive and continue to offer places for the ethos of Ethereum to connect with disparate emerging technologies.
Let’s take a look at what they’ve been up to since 👇
🏡 The Rise of Zu-Villages
The success of Zuzalu sparked interest in continuing the concept of crypto pop-up cities called Zu-villages.
Earlier this year, a gitcoin grants program offered 250 ETH in funding for creating Zu-villages and Zu-related technology. The round ran from Jan. 15 to Feb. 15, providing funding for 32 events like JoinEdgeCity, Esmerelda and ZuBerlinCity, which are currently running or have just finished, and 28 tools like ZupassProject and MuseMatrix_, a DeSci research institute.
Many of these tie into Zuzalu City, a community hub for Zu-villages and related software, including a calendar of pop-up cities like the few we've highlighted below:
Edge Esmeralda
The ongoing Edge Esmeralda is a month-long popup village focused on incubating novel technologies and new ways of living, aiming to build a foundation for a permanent new town, Esmeralda, around Healdsburg, CA. With $217K in funding from the Zuzalu grants round, Esmeralda put together a series of events centered around human organization, robotics, artificial intelligence, real-world crypto applications, and health and longevity.
The rise of Zu-villages illustrates the enduring impact of Zuzalu, with these pop-up cities continuing to foster collaboration, technological advancement, and a decentralized way of living across the globe.
These pop-up villages demonstrate a model where individuals can co-live, co-work, and co-create, blurring the lines between professional collaboration and communal living to create atmospheres aligned with personal sovereignty and collective problem-solving. The transient nature of these communities allows for flexibility and adaptability, where new ideas can be tested and refined in real time.
It highlights a future where governance is more fluid, technology enhances participants' health, and community building is a continuous, evolving process.
By providing spaces for like-minded individuals to come together, Zuzalu and its successors create fertile ground for social experimentation and technological innovation. They embody the spirit of decentralized, autonomous living, further reflecting the broader societal trends towards alternative lifestyles in the digital age. Overall, the legacy of Zuzalu lies in its ability to inspire and enact a vision of a forward-thinking world, where dynamic, transient communities can thrive and innovate, and tech and health exist in harmony.
Written by davewardonline
3 months ago
(E)
GM Bullverse,🐧
PengyOS Services are available to all Projects now.💫
Get your App listed on our Solana HUB.✅
We offer your Project visibility on our App / Web.📳
SAGA / Android / ChromeOS 💻
Safari / Chrome / Firefox.
We also launched a series called 'Pengy Daily Degens´.🎉
Every Project that gets listed to PengyOS will be featured in a Portrait of the series.📷💎
PengyOS Services are available to all Projects now.💫
Get your App listed on our Solana HUB.✅
We offer your Project visibility on our App / Web.📳
SAGA / Android / ChromeOS 💻
Safari / Chrome / Firefox.
We also launched a series called 'Pengy Daily Degens´.🎉
Every Project that gets listed to PengyOS will be featured in a Portrait of the series.📷💎
3 months ago
The Firedancer project, a complete rewrite of the Solana validator client by Jump, is now operational on the testnet. This project promises to significantly improve network performance by processing over a million transactions per second (TPS) on standard hardware
3 months ago
SOLANA 2024 UPDATES
Over the last few months the Solana ecosystem has undergone some upgrades and updates. Here's the rundown of these lastest innovations
TOKEN EXTENSIONS:
- Confidential Transfers: One major use of this extensions are to enable confidential token transfers.
- Transfer Hooks: There are also custom programs to control token transfers.
- Metadata Pointer: This would help designate sources for token metadata.
NEW VALIDATOR CLIENTS:
- Firedancer: Built by Jump, optimizes networking and processing.
- Jito-Solana: Updated Solana Labs client by Jito Labs.
- Sig: Solana
Over the last few months the Solana ecosystem has undergone some upgrades and updates. Here's the rundown of these lastest innovations
TOKEN EXTENSIONS:
- Confidential Transfers: One major use of this extensions are to enable confidential token transfers.
- Transfer Hooks: There are also custom programs to control token transfers.
- Metadata Pointer: This would help designate sources for token metadata.
NEW VALIDATOR CLIENTS:
- Firedancer: Built by Jump, optimizes networking and processing.
- Jito-Solana: Updated Solana Labs client by Jito Labs.
- Sig: Solana
3 months ago
Buy XIBA INU!!! Its trending and on fire 4WqCZAGvgouqiWrLWeCrd6HeBnm6oX6b3SBhgvh6pump
