While I am not a fan of #solana, @nathanweb3 offers a convincing argument as to why $SOL is a growing threat to #Etherum's dominance. It comes down to usability. I agree with everything said because it's the exact same reason I love #Algorand $ALGO
With the change from a passive yield model where people were rewarded simply by holding $ALGO in their wallet to an active governance model, #Algorand has developed an incentive problem that's growing into an existential issue.
#Celsius, #Blockfi, and #3AC. It seems increasingly like every CeFi outfit in crypto was participating in reckless degenerate gambling with client money. Centralized yield platform #Hodlnaut is the latest to face a reckoning.
You want to buy #btc but only in a "regulated" manner. @cobie presents a hilarious hypothetical of a fund manager getting rekt by the "premium" and "discount" spread between the Greyscale $GBTC fund and the #bitcoin spot price.
We all love DAOs in #crpto, however, anyone who has spent time participating in or observing a #DAO in action can tell you governance has a tendency to be inefficient.
@josephdelong hilariously explains using the example of a DAO-run lemonade stand.
One of the biggest and most successful perpetual trading exchanges, @dYdX, announced a controversial decision to move from #Etherum to their own chain spun up on #Cosmos.
@Thyborg_ explains the reasoning behind the decision:
Most users do not read the smart contracts they interact with due to a lack of coding knowledge leaving them vulnerable to attacks they can't see coming. @BowTiedPickle raises one such alarm over a security risk of the @GMX_IO governance token $GMX.
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A thread🧵of the best 🧵's I saw on #cryptotwitter last week. July 20-26, 2022.
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Equating #bitcoin with #crypto is a misunderstanding of both and a disservice to Satoshi's groundbreaking innovation.
@LynAldenContact explains:
While I am not a fan of #solana, @nathanweb3 offers a convincing argument as to why $SOL is a growing threat to #Etherum's dominance. It comes down to usability. I agree with everything said because it's the exact same reason I love #Algorand $ALGO
With the change from a passive yield model where people were rewarded simply by holding $ALGO in their wallet to an active governance model, #Algorand has developed an incentive problem that's growing into an existential issue.
@0xTsubi explains:
#Celsius, #Blockfi, and #3AC. It seems increasingly like every CeFi outfit in crypto was participating in reckless degenerate gambling with client money. Centralized yield platform #Hodlnaut is the latest to face a reckoning.
@FatManTerra explains:
Have trouble understanding what's happening with #Celsius, #Blockfi, and other companies fighting to survive in #crypto right now?
Debt, insolvency, and capital structures are complicated, this crash course by @BowTiedNightOwl makes it simple.
A hacker was able to steal $100 million from the #HarmonyONE Horizon bridge via what appears to be compromised private keys.
@stse explains:
To understand #bitcoin, one must understand peace.
@dergigi explains:
You want to buy #btc but only in a "regulated" manner. @cobie presents a hilarious hypothetical of a fund manager getting rekt by the "premium" and "discount" spread between the Greyscale $GBTC fund and the #bitcoin spot price.
We all love DAOs in #crpto, however, anyone who has spent time participating in or observing a #DAO in action can tell you governance has a tendency to be inefficient.
@josephdelong hilariously explains using the example of a DAO-run lemonade stand.
One of the biggest and most successful perpetual trading exchanges, @dYdX, announced a controversial decision to move from #Etherum to their own chain spun up on #Cosmos.
@Thyborg_ explains the reasoning behind the decision:
Most users do not read the smart contracts they interact with due to a lack of coding knowledge leaving them vulnerable to attacks they can't see coming. @BowTiedPickle raises one such alarm over a security risk of the @GMX_IO governance token $GMX.
The fees generated by @synthetix_io $SNX exploded last week pushing it up to the 4th most profitable #Defi protocol.
@pseudo__alakon explains what's causing the surge and why Synthetix is one of the most misunderstood protocols in Defi: