News: Sam Bankman-Fried on DeFi ponzinomics, Grayscale ETF comments, Binance and Russia, El Salvador
You wouldn’t funge a car.
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NFT news: Bored Apes hacked on Instagram; Sina Estavi’s $277 Dorsey tweet
All my apes, influenced.
El Salvador: Bukele goes full dictator, Chivo theft, Bitcoin Towers
Bitcoin is not the biggest problem in El Salvador right now — it’s Bukele using the gangs to go as full dictator as he thinks he can get away with.
Beanstalk DAO falls to a corporate raid, funded by flash loan junk bonds
The end of a long chain of slapdash and incompetent financial engineering, by people who just found out why regulations evolved. Also, LOL.
NBA Top Shot: a short history of the largest mainstream NFT project
Top Shot claimed to be about the cards — but it was all about the trading market. And it wasn’t so great at letting traders take out their money.
News: Facebook’s Zuck Bucks; Worldcoin wants your eyeballs; Bitcoin miners still can’t sell their coins; NFT gaming fails
“please note how they’ve taken the actual melbourne course design and just … pasted it onto the sydney image. so half the track is underwater.”
Web3: a VC-funded gig economy of securities fraud
If you look at a “Web3” offering and just think of it as a pump-and-dump onto retail investors, everything will make much more sense.
The National Post’s Invisible Hand Society NFT collection — the facepalm manifesto
Making money’s one thing — but some people get a bit weird about it.
News: Royal Mint NFT, Europe requires crypto transaction traceability, VCs drop the “.eth”
Original art, do not steal.
If you want a scalable Ethereum blockchain, then P=NP
Ethereum makes more sense if you first assume it never mattered if the fancy promises ever worked out.