27 days ago
There once was a coin named $DOUG the Duck,
Who waddled into crypto with a splash of luck.
“Buy now!” he quacked, “Don’t be a pleb my G,
Doug’s going parabolic, straight to the web3”
With diamond hands, holders cried,
“Doug’s gonna moon! Don’t get fried!”
The FOMO was real, the hype legit,
No paper hands here, just HODLing grit.
“Doug’s got the juice, he’s on a pump!”
Even the bears took a bullish jump.
So whether it dips or flips or soars,
Doug the Duck will HODL the floors!
Who waddled into crypto with a splash of luck.
“Buy now!” he quacked, “Don’t be a pleb my G,
Doug’s going parabolic, straight to the web3”
With diamond hands, holders cried,
“Doug’s gonna moon! Don’t get fried!”
The FOMO was real, the hype legit,
No paper hands here, just HODLing grit.
“Doug’s got the juice, he’s on a pump!”
Even the bears took a bullish jump.
So whether it dips or flips or soars,
Doug the Duck will HODL the floors!
1 month ago
Daily Memecoin Recap - October 27
Majors are pumping. Looks like this week's going to be good 👀
A16z Dao
#degenai -> hit $2 .5m to $37 .8m (15.1x), bot that analyzes top memes and apes for the dao
#ai16z -> hit $97 .5m, pmarca's fund
#pmairca -> hit $4 .3m, based on pmarca, 5% given to the Ai16z fund
$yes -> hit $3 .8m, A16z Dao community coin, 9% given to Ai16z wallet, good CT meme
$eliza -> hit $1 .1m, ai16z's mascot
NFT Artists Launching
$eye -> hit $21m , launched by Jesperish, well respected in the NFT community
$sad -> hit $3 .5m, launched by SkiluxDesigns
Artificial Intelligence
$tate -> $13 .7m to $29m , Tate Terminal pushing for ATH, cobratate
$kira -> hit $14 .2m, powered by a decentralized AI network
$avb -> hit $4 .9m, Autonomous Agents
$mcb -> hit $4 .9m
$zoa -> hit $4 .1m
$pumpai -> hit 3.4m, claims to be an AI web agent that trades memes
$kraken -> hit $820k
USA Election
$usa -> $20m to $40m (2x)
$47 -> $1 .4m to $5m (32.1x),realDonaldTrump 47th president
More Cooks
$ban -> $33m to $67m (2x)
$sigma -> $31 .5m to $66m (2.1x)
$sma -> $130k to $5 .8m (44.6x), speculation around iruletheworldmo who ran #gpt2
$wiz -> $972k to $3m (3.1x), wizard dog
$retire -> $50k to $1 .1m (22x), "the last play before I retire"
$henlo -> hit $2 .85m
#othebys -> hit $1 .8m
#popgoat -> hit $1 .7m, $popcat + $goat
$pape -> hit $1 .5m, $ape + $pepe
#redcircle -> hit $1 .4m
$myst -> hit $1 .1m, $64k + in LP Rewards
$toad -> hit $940k
#terminal -> hit $800k , religion for truth_terminal
#NuCouché -> hit $773k
#pumpland -> hit $672k , PumpFun Land in Roblox
$sai -> hit $489k
$flip -> hit $442k
$no -> hit $270k , $yes beta
We need someone to create something so unique that it jumpstarts a new meta
Any ideas what the next meta will be?
Majors are pumping. Looks like this week's going to be good 👀
A16z Dao
#degenai -> hit $2 .5m to $37 .8m (15.1x), bot that analyzes top memes and apes for the dao
#ai16z -> hit $97 .5m, pmarca's fund
#pmairca -> hit $4 .3m, based on pmarca, 5% given to the Ai16z fund
$yes -> hit $3 .8m, A16z Dao community coin, 9% given to Ai16z wallet, good CT meme
$eliza -> hit $1 .1m, ai16z's mascot
NFT Artists Launching
$eye -> hit $21m , launched by Jesperish, well respected in the NFT community
$sad -> hit $3 .5m, launched by SkiluxDesigns
Artificial Intelligence
$tate -> $13 .7m to $29m , Tate Terminal pushing for ATH, cobratate
$kira -> hit $14 .2m, powered by a decentralized AI network
$avb -> hit $4 .9m, Autonomous Agents
$mcb -> hit $4 .9m
$zoa -> hit $4 .1m
$pumpai -> hit 3.4m, claims to be an AI web agent that trades memes
$kraken -> hit $820k
USA Election
$usa -> $20m to $40m (2x)
$47 -> $1 .4m to $5m (32.1x),realDonaldTrump 47th president
More Cooks
$ban -> $33m to $67m (2x)
$sigma -> $31 .5m to $66m (2.1x)
$sma -> $130k to $5 .8m (44.6x), speculation around iruletheworldmo who ran #gpt2
$wiz -> $972k to $3m (3.1x), wizard dog
$retire -> $50k to $1 .1m (22x), "the last play before I retire"
$henlo -> hit $2 .85m
#othebys -> hit $1 .8m
#popgoat -> hit $1 .7m, $popcat + $goat
$pape -> hit $1 .5m, $ape + $pepe
#redcircle -> hit $1 .4m
$myst -> hit $1 .1m, $64k + in LP Rewards
$toad -> hit $940k
#terminal -> hit $800k , religion for truth_terminal
#NuCouché -> hit $773k
#pumpland -> hit $672k , PumpFun Land in Roblox
$sai -> hit $489k
$flip -> hit $442k
$no -> hit $270k , $yes beta
We need someone to create something so unique that it jumpstarts a new meta
Any ideas what the next meta will be?
1 month ago
Daily Memecoin Recap - October 21
Amazing volume, AI meta continues to lead
Terminal Of Fun
$fun -> hit $15m
- Claiming to be an AI bot that analyzes tokens and trades accordingly
- Dev rugged multiple times, people think it's a larp
Glif Founder - An AI company
$slop -> hit $50m , AI generated art
$wmm -> hit $4 .29m, fabianstelzer
created an LLM that creates medieval illustrations
#strawberry -> hit $2 .64m, fabianstelzer tweet
$glif -> hit $2 .39m, First AI sandbox
Look Comes Back To Life
$look -> $662k to $8 .3m (12.5x), Look bro...
- Viral meme
- Soft shilled by Ansem & Murad
Terminal Of Truths
#fartcoin -> hit $50m , truth_terminal tweet
$catgf -> hit $10m
$cp -> hit $1 .7m, truth terminal's first meme
#goerner -> hit $355k , truth_terminal tweet
- Controversy over $goat after truth_terminal made a typo & people are saying it's suspicious cause AI never makes typos
Top Artificial Intelligence Cooks
$shegen -> $174k to $19 .2m (110x), AI with daddy issues
#terminal -> $5m to $15 .5m (3.1x), AI KOL
$gmika -> $877k to $10m (11.4x)
$omega -> $167k to $5m (29.9x)
$act -> hit $52m , Act 1: The AI Prophecy
#shoggoth -> hit $45m , octopus-like creature symbolizes AI
$kiri -> hit $22m
$wotf -> hit $17 .5m
$janet -> hit $13 .9m, NeuralJanet
pushed this one on $eth
$nussi -> hit $6m , dev burned $180k +
$enki -> hit $4m
More AI
$wibwob -> hit $2 .69m
$burzen -> hit $2 .67m
$01 -> hit $1 .91m, binary language, 0's and 1's
#attention -> hit $1 .66m, based on a paper that revolutionized AI
$solm -> hit $1 .45m, AI application
#remiliai -> hit $630k , Remilio AI
$ggc -> hit $430k , golden gate claude
Insider Play
$kwif -> $20k to $6m (300x), kitten wif hat
- Has been dead since April
- Wants to run a space for 1 week straight
More Cooks
$fubb -> hit $5 .3m, good art
#p5js -> hit $1 .53m
$iwo -> hit $823k , illuminati
$llm -> hit $556k , Limited Language Model
$ct -> hit $320k , conspiracy theory
A lot of these "AI agents" are just larps
How do you feel about the AI meta?
Amazing volume, AI meta continues to lead
Terminal Of Fun
$fun -> hit $15m
- Claiming to be an AI bot that analyzes tokens and trades accordingly
- Dev rugged multiple times, people think it's a larp
Glif Founder - An AI company
$slop -> hit $50m , AI generated art
$wmm -> hit $4 .29m, fabianstelzer
created an LLM that creates medieval illustrations
#strawberry -> hit $2 .64m, fabianstelzer tweet
$glif -> hit $2 .39m, First AI sandbox
Look Comes Back To Life
$look -> $662k to $8 .3m (12.5x), Look bro...
- Viral meme
- Soft shilled by Ansem & Murad
Terminal Of Truths
#fartcoin -> hit $50m , truth_terminal tweet
$catgf -> hit $10m
$cp -> hit $1 .7m, truth terminal's first meme
#goerner -> hit $355k , truth_terminal tweet
- Controversy over $goat after truth_terminal made a typo & people are saying it's suspicious cause AI never makes typos
Top Artificial Intelligence Cooks
$shegen -> $174k to $19 .2m (110x), AI with daddy issues
#terminal -> $5m to $15 .5m (3.1x), AI KOL
$gmika -> $877k to $10m (11.4x)
$omega -> $167k to $5m (29.9x)
$act -> hit $52m , Act 1: The AI Prophecy
#shoggoth -> hit $45m , octopus-like creature symbolizes AI
$kiri -> hit $22m
$wotf -> hit $17 .5m
$janet -> hit $13 .9m, NeuralJanet
pushed this one on $eth
$nussi -> hit $6m , dev burned $180k +
$enki -> hit $4m
More AI
$wibwob -> hit $2 .69m
$burzen -> hit $2 .67m
$01 -> hit $1 .91m, binary language, 0's and 1's
#attention -> hit $1 .66m, based on a paper that revolutionized AI
$solm -> hit $1 .45m, AI application
#remiliai -> hit $630k , Remilio AI
$ggc -> hit $430k , golden gate claude
Insider Play
$kwif -> $20k to $6m (300x), kitten wif hat
- Has been dead since April
- Wants to run a space for 1 week straight
More Cooks
$fubb -> hit $5 .3m, good art
#p5js -> hit $1 .53m
$iwo -> hit $823k , illuminati
$llm -> hit $556k , Limited Language Model
$ct -> hit $320k , conspiracy theory
A lot of these "AI agents" are just larps
How do you feel about the AI meta?
2 months ago
Do you have your seat to the moon?🚀🌙
Or
Do you have the same destiny of this PaperHand? 🧻✋😢
POP POP POP #POPDOG
Or
Do you have the same destiny of this PaperHand? 🧻✋😢
POP POP POP #POPDOG
2 months ago
2 months ago
📰 Coinbase co-founder Brian Armstrong wants to create the “Gmail of #Bitcoin .”
Forbes profiles Coinbase through its CEO, Brian Armstrong.
The newspaper calls the company “Too Big to Fail” in the world of digital assets.
“The reason I got into this (crypto) and the mission of Coinbase is to increase economic freedom in the world.
The vision here is that crypto is going to increasingly fuel global GDP. [it] will create sound money, sound financial infrastructure for people all over the world with lower fees, lower friction.”
declares brian_armstrong .
Forbes profiles Coinbase through its CEO, Brian Armstrong.
The newspaper calls the company “Too Big to Fail” in the world of digital assets.
“The reason I got into this (crypto) and the mission of Coinbase is to increase economic freedom in the world.
The vision here is that crypto is going to increasingly fuel global GDP. [it] will create sound money, sound financial infrastructure for people all over the world with lower fees, lower friction.”
declares brian_armstrong .
3 months ago
Message to the Bullverse team
It's good that there are partnerships, but I don't think they help the project because they don't necessarily bring content (apart from certain projects, of course). You've got a great project, but I think it needs more marketing or a willingness to spread the word.
There's very little communication about X. There were a few nice memes, then not much.
Do you have a plan? If yes, the community would like to know what's going on.
You show the bullpad visual and then nothing. The same goes for bullpay.
We'd like to see a well-defined white paper, and information on progress with beautiful visuals, which would also help whet people's appetite on x
But that's just my opinion, what do you all think?
It's good that there are partnerships, but I don't think they help the project because they don't necessarily bring content (apart from certain projects, of course). You've got a great project, but I think it needs more marketing or a willingness to spread the word.
There's very little communication about X. There were a few nice memes, then not much.
Do you have a plan? If yes, the community would like to know what's going on.
You show the bullpad visual and then nothing. The same goes for bullpay.
We'd like to see a well-defined white paper, and information on progress with beautiful visuals, which would also help whet people's appetite on x
But that's just my opinion, what do you all think?
3 months ago
WHAT ARE THE BIGGEST OBSTACLES TO DePIN GROWTH??
In a recent appearance at ETHToronto, Frank Mathis highlights the next steps for DePIN’s future.
GenesysGo founder Frank Mathis is no stranger to the highs and lows of crypto’s thriving DePIN sector.
Drawing on his years of experience, Mathis joined other DePIN thought leaders at ETHToronto, including Helium COO Scott Sigel, to discuss the future of the sector.
“If DePIN solves that, DePIN is inevitable”
Like many passionate crypto community members, DePIN advocates staunchly argue that DePIN is inevitable. Speaking to hundreds of crypto enthusiasts at ETHToronto, Mathis offered a refreshing point of view.
The GenesysGo founder argues that value creation for contributors is one of the most integral aspects of running successful DePIN networks. Mathis highlighted that, while DePIN promises to reward contributors as decentralized software scales, “it’s shocking how much of that is running on AWS and Google Cloud.”
For example, over 50% of Ethereum node operators are hosted on AWS, Hetzner, and OVH servers.
Reiterating the importance of wealth creation for contributors, Mathis contends “what DePIN really is, is an attempt to take one of the most centralized layers of the stack and decentralize that amongst the people such that they start to participate in the growth and success of these models.”
GenesysGo’s ShdwDrive is one such example. The decentralized storage solution empowers users to earn $SHDW tokens by providing unused mobile storage to a distributed network, directly generating income from a device that lives in their pocket.
Reflecting the ideal DePIN model proposed by Mathis, network contributors benefit from the growth and success of the platform. The GenesysGo founder reinforced this notion, opining “DePIN is only as inevitable as the value that participants in the network get from it… if DePIN solves that, DePIN is inevitable.”
POOR PERFORMANCE “ONE OF THE BIGGEST FAILINGS OF DePIN”
On paper, the benefits of DePINs are obvious. However, in practice, these platforms often sacrifice performance and scalability in favor of decentralization. While this aids in value creation for contributors and increases security, it actually hamstrings performance and growth.
DePIN is often considered the natural evolution of the sharing economy, which delivered iconic businesses like Uber and Airbnb.
Drawing parallels between the pearls of the sharing economy and emerging DePIN projects, Mathis illustrated that “Uber became highly successful, not just because you’re able to share in pieces of things you don’t use everyday.. but because it worked well, it was fast, it was easy to use.”
Mathis argues that for DePIN projects to truly take off, they need to rival the performance standards set by centralized industry leaders. Referencing his experience with GenesysGo, the founder posits “in our case, our first principle [is] decentralized storage needs to be as fast, as secure, as stable, and perform every bit as well as a traditional Web2 cloud service.”
ABSTRACTION IS KEY
The Web3 user experience has long been considered one of the industry’s biggest obstacles to adoption. The complexities of wallet management and security have discouraged newcomers to space for over a decade, and continue to repel potential users today.
Mathis insists that abstracting the end-user experience away from blockchain technology is key to the success of the industry. Reinforcing this belief, the founder affirms “Your end user shouldn’t know that they’re interacting with Web3”
Looking towards the future, Mathis considers DePIN regulation will present a significant obstacle to the sector’s growth. However, instead of taking a chagrined approach to future regulatory concerns, the GenesysGo founder suggests that DePIN projects need to take on some responsibility.
In a recent appearance at ETHToronto, Frank Mathis highlights the next steps for DePIN’s future.
GenesysGo founder Frank Mathis is no stranger to the highs and lows of crypto’s thriving DePIN sector.
Drawing on his years of experience, Mathis joined other DePIN thought leaders at ETHToronto, including Helium COO Scott Sigel, to discuss the future of the sector.
“If DePIN solves that, DePIN is inevitable”
Like many passionate crypto community members, DePIN advocates staunchly argue that DePIN is inevitable. Speaking to hundreds of crypto enthusiasts at ETHToronto, Mathis offered a refreshing point of view.
The GenesysGo founder argues that value creation for contributors is one of the most integral aspects of running successful DePIN networks. Mathis highlighted that, while DePIN promises to reward contributors as decentralized software scales, “it’s shocking how much of that is running on AWS and Google Cloud.”
For example, over 50% of Ethereum node operators are hosted on AWS, Hetzner, and OVH servers.
Reiterating the importance of wealth creation for contributors, Mathis contends “what DePIN really is, is an attempt to take one of the most centralized layers of the stack and decentralize that amongst the people such that they start to participate in the growth and success of these models.”
GenesysGo’s ShdwDrive is one such example. The decentralized storage solution empowers users to earn $SHDW tokens by providing unused mobile storage to a distributed network, directly generating income from a device that lives in their pocket.
Reflecting the ideal DePIN model proposed by Mathis, network contributors benefit from the growth and success of the platform. The GenesysGo founder reinforced this notion, opining “DePIN is only as inevitable as the value that participants in the network get from it… if DePIN solves that, DePIN is inevitable.”
POOR PERFORMANCE “ONE OF THE BIGGEST FAILINGS OF DePIN”
On paper, the benefits of DePINs are obvious. However, in practice, these platforms often sacrifice performance and scalability in favor of decentralization. While this aids in value creation for contributors and increases security, it actually hamstrings performance and growth.
DePIN is often considered the natural evolution of the sharing economy, which delivered iconic businesses like Uber and Airbnb.
Drawing parallels between the pearls of the sharing economy and emerging DePIN projects, Mathis illustrated that “Uber became highly successful, not just because you’re able to share in pieces of things you don’t use everyday.. but because it worked well, it was fast, it was easy to use.”
Mathis argues that for DePIN projects to truly take off, they need to rival the performance standards set by centralized industry leaders. Referencing his experience with GenesysGo, the founder posits “in our case, our first principle [is] decentralized storage needs to be as fast, as secure, as stable, and perform every bit as well as a traditional Web2 cloud service.”
ABSTRACTION IS KEY
The Web3 user experience has long been considered one of the industry’s biggest obstacles to adoption. The complexities of wallet management and security have discouraged newcomers to space for over a decade, and continue to repel potential users today.
Mathis insists that abstracting the end-user experience away from blockchain technology is key to the success of the industry. Reinforcing this belief, the founder affirms “Your end user shouldn’t know that they’re interacting with Web3”
Looking towards the future, Mathis considers DePIN regulation will present a significant obstacle to the sector’s growth. However, instead of taking a chagrined approach to future regulatory concerns, the GenesysGo founder suggests that DePIN projects need to take on some responsibility.
3 months ago
3 months ago
WARNING PAPERHANDS🚨🧻🙌
You can run but you can’t hide!🫣
$POPDOG will be out on Patrol this weekend 🔫 💎🙌
You can run but you can’t hide!🫣
$POPDOG will be out on Patrol this weekend 🔫 💎🙌
3 months ago
BTC, Bitcoin's local setup is still holding, holding the local support zone. But still, now the main movement is following a medium-term setup, a medium-term pattern. Now the price is just below the middle of this pattern and below 60,000, there has been no consolidation below. The bulls have literally several days to return the level of 60,000 and go above the local resistance zone. Also, the local key zone is 62,000, where there is an open level. Let me remind you that many major players and traders are waiting for September 11th. US inflation data, which can be used to predict a future rate cut on September 18. Two key days in September! There is minimal time left. A market reversal is more than likely to occur during these dates. But don't expect that one candle will reach the highs in one hour! The altseason is 21 years old, the main part of altcoins went to the historical max. 8 months. And a number of other altcoins were moving towards a historical maximum of +-16 months (for example, LUNA). On this squiz, the whales actively bought Bitcoins and took them off the exchanges while the paper snot whined and sold their bitcoins.
the withdrawal from the exchanges exceeds the input - 40%, 17,000 btc
Altcoins, the month of September will be key, an additional set of altcoins will be closer to September 11th. It is on the dogosrok-the average day. The turnaround will be fast and many will bite their elbows. But there is still time and perhaps one of the last chances. Let me remind you that we are at the beginning of a new cycle!
https://www.tradingview.co.../
the withdrawal from the exchanges exceeds the input - 40%, 17,000 btc
Altcoins, the month of September will be key, an additional set of altcoins will be closer to September 11th. It is on the dogosrok-the average day. The turnaround will be fast and many will bite their elbows. But there is still time and perhaps one of the last chances. Let me remind you that we are at the beginning of a new cycle!
https://www.tradingview.co.../
3 months ago
Daily Memecoin Recap - August 23
Crypto is pumping
$btc closes +6% today
$eth & $sol follow at +5% and +7% respectively
Runners Of The Day
$ptc -> $880k to $2 .7m (3.06x), 70% of supply burnt, paper drawings of $btc
$ufo -> hit $2 .4m, decent team, heavily sniped on launch
$sym -> hit $1 .65m, "the most symmetrical dog on Solana",
$nibo -> hit $1 .2m, large buys on launch, decent team, dog meme
$susdog -> hit $950k , based on a viral suspicious dog meme
Smoking Chicken Fish Gains Volume
$scf -> $19m to $83m (4.4x from the low), reversal, banger video drop, team is heavily dedicated
$sed -> $500k to $1 .95m (3.9x), beta to $scf , has been slow cooking since its launch on August 20th, heavy push today following $sc
Fwog Making Higher Highs
$fwog -> $10m to $28m (2.8x),
- Community continues to get stronger
- Some of the best art in the space
- Great background story (dev rugged -> artist/community relaunch)
Utility Play
$chat -> $5m to $18m (3.6x from the low), ATH $174m , shilled by MarioNawfal
Other Cooks
$ong -> $400k to $1 .94m (4.85x), "On God", gen z/tiktok meta, was dead but slowly reviving, ATH is $25m
$afc -> hit $440k , "Airforce Chicken"
$bb -> hit $435k , "Bubble Buddies", based on a spongebob character, twitter community instead of a twitter account
$belief -> hit $375k , influencer coin, dog meme
$mow -> hit $310k , "Monkey On Watermelon"
$kak -> hit $278k , "Kakling Kamala", based on KamalaHarris' laugh, launched on dexscreener's moonshot
$ascend -> hit $240k , cat meme, CTO
The market has been absolutely dead lately, but if majors continue to pump, volume will start to pick up
It's important to consider that September is historically one of the worst months for the market (S&P500)
This doesn't necessarily mean that history will repeat itself, but it is interesting data nonetheless
Lock in 🔒
Crypto is pumping
$btc closes +6% today
$eth & $sol follow at +5% and +7% respectively
Runners Of The Day
$ptc -> $880k to $2 .7m (3.06x), 70% of supply burnt, paper drawings of $btc
$ufo -> hit $2 .4m, decent team, heavily sniped on launch
$sym -> hit $1 .65m, "the most symmetrical dog on Solana",
$nibo -> hit $1 .2m, large buys on launch, decent team, dog meme
$susdog -> hit $950k , based on a viral suspicious dog meme
Smoking Chicken Fish Gains Volume
$scf -> $19m to $83m (4.4x from the low), reversal, banger video drop, team is heavily dedicated
$sed -> $500k to $1 .95m (3.9x), beta to $scf , has been slow cooking since its launch on August 20th, heavy push today following $sc
Fwog Making Higher Highs
$fwog -> $10m to $28m (2.8x),
- Community continues to get stronger
- Some of the best art in the space
- Great background story (dev rugged -> artist/community relaunch)
Utility Play
$chat -> $5m to $18m (3.6x from the low), ATH $174m , shilled by MarioNawfal
Other Cooks
$ong -> $400k to $1 .94m (4.85x), "On God", gen z/tiktok meta, was dead but slowly reviving, ATH is $25m
$afc -> hit $440k , "Airforce Chicken"
$bb -> hit $435k , "Bubble Buddies", based on a spongebob character, twitter community instead of a twitter account
$belief -> hit $375k , influencer coin, dog meme
$mow -> hit $310k , "Monkey On Watermelon"
$kak -> hit $278k , "Kakling Kamala", based on KamalaHarris' laugh, launched on dexscreener's moonshot
$ascend -> hit $240k , cat meme, CTO
The market has been absolutely dead lately, but if majors continue to pump, volume will start to pick up
It's important to consider that September is historically one of the worst months for the market (S&P500)
This doesn't necessarily mean that history will repeat itself, but it is interesting data nonetheless
Lock in 🔒
4 months ago
Holding an open discussion on 𝕏, BitGo’s Mike Belshe joined Justin Sun and original WBTC contributor Meow to address concerns about WBTC custody changes.
Earlier this week, BitGo announced changes to WBTC’s existing custody model that included distributing influence across several parties and geographic jurisdictions.
The move drew a wrath of criticism from the cryptocurrency community, notably due to the involvement of Tron founder Justin Sun.
Seeking to clear the air, Jupiter co-founder and original WBTC contributor Meow welcomed BitGO CEO Mike Belshe, Justin Sun, and BitGlobal representatives to a public forum to shed some light on the situation.
MIKE BELSHE PUTS BTC USAGE CONCERNS TO REST
One of the key concerns outlined by the crypto community following BitGo’s original announcement was what the Bitcoin used to back WBTC would be used for. Acting as a voice for the crypto community at large, Meow posed the question of BTC utilization to BitGo CEO Mike Belshe.
Assuring over 5,000 captivated listeners, Belshe put their nervous minds to rest, highlighting that “when you put [Bitcoin] inside of a trust company you’ve got it wrapped in a mechanism which has got a fiduciary responsibility in a very legal way.”
Reinforcing his statement with additional context, Belshe acknowledged that people’s “number one question” was that “the bitcoin behind [WBTC] is not gonna get hypothecated, rehypothecated, lent out, used, taken, put somewhere else.”
Highlighting the legal constraints of BitGo’s position, Belshe assured listeners “The regulatory construct that we have makes it so that it’s actually illegal to do that.”
A TRANSFER OF TRUST?
Part of the BitGo X GitGlobal collaboration means that multi-signature keys with access to custodied assets will be distributed across several companies. While on paper this aids in decentralization and security, Meow and the community raised concerns regarding the involvement of BitGlobal, a relatively new and unknown entity in the space.
By transfering ownership of keys, Meow theorized that the “transfer of trust will take a long time” arguing it could be “quite a hard pill for the community to swallow”.
Responding to Meow’s claims, Belshe asserted “BitGo is not asking you to take the same trust that you had in BitGo and just give it to somebody else.”
Hammering his point home, Belshe contended that decentralization remains one of the strongest security measures available. Posing the rhetoric, Belshe asked “Is it more secure to have the two parties, or is it more secure to have BitGo hold two keys?”
THE JUSTIN SUN FACTOR
The announcement of Justin Sun’s involvement in the arrangement has been one of the collaboration’s biggest items of contention. Some long-standing crypto protocols like MakerDAO have argued that Justin Sun’s involvement adds an “unacceptable level of risk” to WBTC, proposing to reduce their WBTC exposure to 0.
Justin Sun’s commentary during the forum was admittedly brief. Downplaying his role and involvement, the controversial figure noted “the protocol, how to mint, how to burn and also the transparency and all the procedures remain the same.”
Adding further clarity, Sun contended “other than some of the keys being moved out of the U.S., I don’t really think there is much difference.”
Beyond assuring listeners that nothing had changed, Sun revealed his vision for the future of WBTC. Positing that “not everything we do is purely to make money” Sun believes the team should focus on expanding WBTC market cap, TVL, and helping the asset establish a presence of more blockchains.
Earlier this week, BitGo announced changes to WBTC’s existing custody model that included distributing influence across several parties and geographic jurisdictions.
The move drew a wrath of criticism from the cryptocurrency community, notably due to the involvement of Tron founder Justin Sun.
Seeking to clear the air, Jupiter co-founder and original WBTC contributor Meow welcomed BitGO CEO Mike Belshe, Justin Sun, and BitGlobal representatives to a public forum to shed some light on the situation.
MIKE BELSHE PUTS BTC USAGE CONCERNS TO REST
One of the key concerns outlined by the crypto community following BitGo’s original announcement was what the Bitcoin used to back WBTC would be used for. Acting as a voice for the crypto community at large, Meow posed the question of BTC utilization to BitGo CEO Mike Belshe.
Assuring over 5,000 captivated listeners, Belshe put their nervous minds to rest, highlighting that “when you put [Bitcoin] inside of a trust company you’ve got it wrapped in a mechanism which has got a fiduciary responsibility in a very legal way.”
Reinforcing his statement with additional context, Belshe acknowledged that people’s “number one question” was that “the bitcoin behind [WBTC] is not gonna get hypothecated, rehypothecated, lent out, used, taken, put somewhere else.”
Highlighting the legal constraints of BitGo’s position, Belshe assured listeners “The regulatory construct that we have makes it so that it’s actually illegal to do that.”
A TRANSFER OF TRUST?
Part of the BitGo X GitGlobal collaboration means that multi-signature keys with access to custodied assets will be distributed across several companies. While on paper this aids in decentralization and security, Meow and the community raised concerns regarding the involvement of BitGlobal, a relatively new and unknown entity in the space.
By transfering ownership of keys, Meow theorized that the “transfer of trust will take a long time” arguing it could be “quite a hard pill for the community to swallow”.
Responding to Meow’s claims, Belshe asserted “BitGo is not asking you to take the same trust that you had in BitGo and just give it to somebody else.”
Hammering his point home, Belshe contended that decentralization remains one of the strongest security measures available. Posing the rhetoric, Belshe asked “Is it more secure to have the two parties, or is it more secure to have BitGo hold two keys?”
THE JUSTIN SUN FACTOR
The announcement of Justin Sun’s involvement in the arrangement has been one of the collaboration’s biggest items of contention. Some long-standing crypto protocols like MakerDAO have argued that Justin Sun’s involvement adds an “unacceptable level of risk” to WBTC, proposing to reduce their WBTC exposure to 0.
Justin Sun’s commentary during the forum was admittedly brief. Downplaying his role and involvement, the controversial figure noted “the protocol, how to mint, how to burn and also the transparency and all the procedures remain the same.”
Adding further clarity, Sun contended “other than some of the keys being moved out of the U.S., I don’t really think there is much difference.”
Beyond assuring listeners that nothing had changed, Sun revealed his vision for the future of WBTC. Positing that “not everything we do is purely to make money” Sun believes the team should focus on expanding WBTC market cap, TVL, and helping the asset establish a presence of more blockchains.
4 months ago
BTC, the price came to the local support zone, which I wrote about yesterday in the post 57 700-56 175, tested and received a rebound from this level. Locally, in order for the price to go higher to the upper line of the pattern, as well as to the key resistance level, it is necessary to break through and gain a foothold above the 60,000 level and of course break through and gain a foothold above the 62,600 level.
The data that I will send this week was quite positive, for example, the SP500 recovered to a corrective level. And the Bitcoin Market Maker decided to adjust it. Let me remind you that at the moment there is only positive news on the crypto market, absolutely no negativity, in the summer, for example, the same SP500 grew and reached new highs, unlike the crypto market, no events in the world prevented it.
The landing of paper hands continues, faith in cryptocurrency is disappearing for many. It was all the same in the past. Many who have been in previous cycles know what kind of growth awaits us.! we are only at the very beginning of this cycle!
withdrawal from exchanges exceeds input - correlation
Altcoins, for the initial growth, it is necessary to break through the downward trends on the capitalization of altcoins, which we have already approached almost tightly. The correction of Bitcoin Dominance will also help in growth. Paper hands are sold, MM and Whales land weak hands, and at this time they themselves buy off significant volumes. There is not much time left for the good, and many will bite their elbows!
https://www.tradingview.co.../
The data that I will send this week was quite positive, for example, the SP500 recovered to a corrective level. And the Bitcoin Market Maker decided to adjust it. Let me remind you that at the moment there is only positive news on the crypto market, absolutely no negativity, in the summer, for example, the same SP500 grew and reached new highs, unlike the crypto market, no events in the world prevented it.
The landing of paper hands continues, faith in cryptocurrency is disappearing for many. It was all the same in the past. Many who have been in previous cycles know what kind of growth awaits us.! we are only at the very beginning of this cycle!
withdrawal from exchanges exceeds input - correlation
Altcoins, for the initial growth, it is necessary to break through the downward trends on the capitalization of altcoins, which we have already approached almost tightly. The correction of Bitcoin Dominance will also help in growth. Paper hands are sold, MM and Whales land weak hands, and at this time they themselves buy off significant volumes. There is not much time left for the good, and many will bite their elbows!
https://www.tradingview.co.../
4 months ago
BTC, yesterday at the meeting of the US Federal Reserve, rates were left at the same level of 5.5. The forecast was absolutely the same. But the market still didn't like this moment. Bitcoin has adjusted, but if you look at the chart, this is a healthy correction after Bitcoin's growth from the 53,000 level. The support area for this local growth is marked on the chart. So physically, the uptrend itself plays the role of support. This is a key medium-term support that cannot be lost. Now Bitcoin is trading within the framework of a medium-term model with compression from above. The key support levels on the current medium-term model are 58,000-60,000 and resistance is 70,000-73,000.
withdrawal from exchanges exceeds input - 12%, 12,500 btc
Altcoins have not yet returned to the bottom of the correction from the beginning of last month, but they are already close. Nevertheless, the average is now 0.786 fibonacci line on altcoins. The next Fed meeting is already on September 18. Theoretically and technically, altcoins on average have setups that will be ready by August 10-20. In fact, if all the data of the US economy are such that will lead to a subsequent reduction in the % rate, we will see the beginning of growth. Of course it's only a matter of time! Many altcoins are from the top100, I'm not talking about shield coins in the 10000 place right now. We are talking about normal altcoins. Which are at their bottom of the crypto winter, and their growth is a matter of time! Weak paper hands will leave this market with nothing. The strong ones will take the profit!
https://www.tradingview.co.../
withdrawal from exchanges exceeds input - 12%, 12,500 btc
Altcoins have not yet returned to the bottom of the correction from the beginning of last month, but they are already close. Nevertheless, the average is now 0.786 fibonacci line on altcoins. The next Fed meeting is already on September 18. Theoretically and technically, altcoins on average have setups that will be ready by August 10-20. In fact, if all the data of the US economy are such that will lead to a subsequent reduction in the % rate, we will see the beginning of growth. Of course it's only a matter of time! Many altcoins are from the top100, I'm not talking about shield coins in the 10000 place right now. We are talking about normal altcoins. Which are at their bottom of the crypto winter, and their growth is a matter of time! Weak paper hands will leave this market with nothing. The strong ones will take the profit!
https://www.tradingview.co.../
5 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
6 months ago
are you going to man up and become the birddog you were always destined to become or stay a little paper-handed soy cuck anon? choice is yours
so much more content in the pipeline for the #BIRDDOG bros to be released, you will love it 💜
chads love our animations, 25k+ views in total in 5 days - make sure you stay up to date on them via our linktr.ee/SOLbirddog
so much more content in the pipeline for the #BIRDDOG bros to be released, you will love it 💜
chads love our animations, 25k+ views in total in 5 days - make sure you stay up to date on them via our linktr.ee/SOLbirddog
7 months ago
Money is paper, but paperhands don't have money...
Isn't that concerning?
Isn't that concerning?
7 months ago
Imagine the whitepaper for a @DonaldTrump Coin – just a bunch of empty promises and exclamation marks. I'd rather keep my integrity!
#dyor
#dyor
Sponsored by
Kitten Haimer
15 days ago