#Web3 LFG | Macro, Crypto and SPACs | Engineer during the day | Not advice
Joined April 2021
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Folks, $BTC is not going anywhere. @CNBC already reporting that the miners are migrating to the US
These next 1-2 weeks are going to be the cheapest you'll ever buy your fav coins again. After that, the miners should be ready to turn back on the hashrate 🚀
$ETH $LINK $GRT
#China logistics firm in Guangzhou confirms to @CNBC it’s airlifting 3,000kg (6,600lbs) #bitcoin mining machines to Maryland, USA. Fenghua International advertises products delivered to door, tax on both ends cleared. Price per kilo: as low as $9.37! #cryptocurrencies
AlphaZyrus retweeted
So, apparently Sovryn has "staked" $2 billion of its own governance token and claiming it as TVL.
Despite it's circulating market being only $150mil (according to their website). No listing on Coingecko or CMC to confirm / deny.
Yet @APompliano and @EdanYago keep doubling down
"It has led some to question the wisdom of having so much internet infrastructure is in the hands of a few companies, meaning when something goes wrong it causing mass disruption."
This is why decentralized projects like $GRT are important #Web3
bbc.com/news/technology-5739…
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Lol AWS crash has taken down half the internet
My GCP servers are working fine but anything deployed on AWS is now down. Even the Financial Times and BBC website is down
This is why we need #Web3
This is extremely bullish news for $BTC and blockchain as a whole. What it shows is that because there is a public ledger, authorities are able to track the movement of money belonging to some criminals .
Try tracking fiat USD movements as easily....
UPDATE: "The Department of Justice has found and recovered the majority of the ransom paid," Deputy Attorney General Lisa Monaco said of the Colonial Pipeline ransomware attack.
@nikhileshde reports
trib.al/G9EvCA2
$AMC is a lost cause. As the price keeps going up, the company is just going to just issue more and more shares which creates sell pressure.
You'll have better luck with some SPACs or other stocks which already have strong balance sheets + high SI
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Hmmm not too sure why some $AMC hodlers think this happened in April when it was only announced today. This is why the stock is down right now.
cnbc.com/2021/06/03/amc-file…
Anyone know where I can find info about when and how $LTC can be staked in order to earn $FLR tokens?
@CommunityFlare any info?
@technodechina reports that Chinese miners are moving to set up shop in Texas and Alberta, implying not only will hash rates be maintained but cleaner energy will be used to mine the coins.
Last week was merely a buy opportunity. $BTC is here to stay!
technode.com/2021/05/24/cryp…
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It will be interesting to track hashrate by country going forward. As that top bar for China slowly begins to be dispersed into US/Canada, we can finally stop caring what the CCP says
cbeci.org/mining_map
So true. Sillicon Valley is literally a graveyard of amazing technology startups that were 100x better against their competitors across all metrics but failed to generate escape velocity and reach critical mass
Sad to say but sometimes great marketing + shitty products win
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Hey Boomers, meet Uniswap $UNI. This is the platform that is going to be taking your lunch over the next few years as DeFi explodes.
wsj.com/articles/upstart-pee…
I'm bullish on the infrastructure, like $GRT, which helps to support Uniswap's growth
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The best thing about delegating $GRT tokens is the 28 thawing period. It stops you from making stupid decisions like sell 😅🤣
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$BTC selloff being driven by Huobi it seems. IMO moving miners out of China is a bullish signal.
The FUD has always been coal usage, not total energy usage. No one seems to focus on this.
If BTC was mined with 90% renewable energy, the FUDers have nothing else to complain abt
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This current correction in crypto is opening lots of attractive opportunities to earn > 100% APY returns via staking/farming.
Token rewards are able to net out any portfolio losses due to price drops. And when the price recovers, you'll be in a better situation.
Think about it
1/ I thought it would be interesting to try and value Web3 protocols to reaffirm our investments in them. This exercise was inspired by @draecomino latest blog post on ETH
This thread will try to justify a $40bn market cap for $GRT based on today’s metrics
8/ There is also strong support for this growth since The Graph is mostly serving DeFi (which is still growing) thus has lots of other new segments (which are also growing) which are under penetrated to expand into
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9/ What do you guys think about this approach to valuing The Graph? Let me know!
@graphtronauts
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