LIVECryptoMelo
@Cryptomelo
Graphic Designer | Content Creator |Technical Analyst
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𝐖𝐡𝐲 𝐂𝐡𝐚𝐢𝐧𝐥𝐢𝐧𝐤 𝐡𝐚𝐬 𝐬𝐭𝐚𝐲𝐞𝐝 𝐚𝐭 𝐭𝐡𝐞 𝐬𝐚𝐦𝐞 𝐥𝐞𝐯𝐞𝐥 𝐢𝐧 𝟒 𝐲𝐞𝐚𝐫𝐬
Key dates to remember through this thread:
- 25th September 2020 - $9.83
- 11th July 2024 - $12.90
Ready to be shocked?
🧵👇
Without an argument, Chainlink has brought so many benefits to the #crypto space, but even with all these benefits, why is the token price the same after 4 years? 4 years ago from now the #token price was $9.83 and today we do not see much of a difference.
The total supply for #Chainlink is 1 billion tokens, with only a portion of 608 million actually being the circulating supply.
Here is where things get interesting.
September 27, 2020 the circulating supply of Chainlink was at 371 million tokens. Based on the #supply #chart below, we can see that gradually more and more tokens were supplied to the #circulation. Close to half of what the current supply of the token is.
Right after the key date of September 25, Chainlink mooned, prices went to an #ATH of $52.70. This happened on the 10th of May 2021. Now going back to the supply chart, we see an increase in token #supply. From 371 million to 420 million.
After May 10th the supply chart continiues to increase, the actual token price starts to drop at a fast pace. Exactly a year after, Chainlink drops to prices around $7. Although the quick and heavy #drop, token supply continiues to go up.
The only difference in Chainlink is the token supply. With a circulating supply that has doubled within 4 years. The value of each #individual #token has inevitably halved.
Now before you ask yourself why the heck hasnt the price of #Chainlink increased, think of the circulating #supply and what it is at that time.
If you read this full #thread make sure to leave a like and comment your opinion on what you think happened.
Thanks legends, have a great rest of your day
Follow @CryptoMelo for more
🤝
$LINK #CPI_BTC_Watch #BinanceTurns7 #US_Job_Market_Slowdown #BinanceTournament
Key dates to remember through this thread:
- 25th September 2020 - $9.83
- 11th July 2024 - $12.90
Ready to be shocked?
🧵👇
Without an argument, Chainlink has brought so many benefits to the #crypto space, but even with all these benefits, why is the token price the same after 4 years? 4 years ago from now the #token price was $9.83 and today we do not see much of a difference.
The total supply for #Chainlink is 1 billion tokens, with only a portion of 608 million actually being the circulating supply.
Here is where things get interesting.
September 27, 2020 the circulating supply of Chainlink was at 371 million tokens. Based on the #supply #chart below, we can see that gradually more and more tokens were supplied to the #circulation. Close to half of what the current supply of the token is.
Right after the key date of September 25, Chainlink mooned, prices went to an #ATH of $52.70. This happened on the 10th of May 2021. Now going back to the supply chart, we see an increase in token #supply. From 371 million to 420 million.
After May 10th the supply chart continiues to increase, the actual token price starts to drop at a fast pace. Exactly a year after, Chainlink drops to prices around $7. Although the quick and heavy #drop, token supply continiues to go up.
The only difference in Chainlink is the token supply. With a circulating supply that has doubled within 4 years. The value of each #individual #token has inevitably halved.
Now before you ask yourself why the heck hasnt the price of #Chainlink increased, think of the circulating #supply and what it is at that time.
If you read this full #thread make sure to leave a like and comment your opinion on what you think happened.
Thanks legends, have a great rest of your day
Follow @CryptoMelo for more
🤝
$LINK #CPI_BTC_Watch #BinanceTurns7 #US_Job_Market_Slowdown #BinanceTournament
Germany sold 21,180 BTC in a few days
What I saw shocked me...
Here’s how government plans to trick you
🧵👇
⚹ Recently, the market has experienced a significant correction, with the German government being a substantial source of FUD.
⚹ They hold over $1B in $BTC and have gradually started transferring assets to CEX for sale.
This is quite a comical moment since the German government never invested in $BTC but obtained it through other means.
⚹ These 50,000 $BTC were confiscated from the Movie2k website, dedicated to film piracy.
⚹ The funds were confiscated in January 2024.
So far, more than half of their $BTC , over 25,000, has already been sold through several CEXs:
- Kraken
- Coinbase
- Bitstamp
⚹ It's likely they don't leave unsold funds overnight and send them back to their wallets.
⚹ This event should not be cited as an example of competent people.
⚹ The government's paper hands simply decided not to diversify their treasury, for which they received criticism from their own deputies
⚹ This is market pressure that won't change the global picture
⚹ Very often, the market's reaction to news is much more emotional than the news itself.
⚹ People's emotions don't change, and the $1B figure hits their heads, making them rush to sell, forgetting that $BTC 's market cap is $1.14T.
⚹ Sooner or later, a rapid buyback would inevitably begin.
⚹ Although the pressure is quite amusing to experienced crypto enthusiasts, it has caused emotional swings for others.
⚹ This is a crucial moment in any cycle before global growth.
⚹ The market simply cannot start growing without shaking out weak hands from positions
⚹ Analyzing previous cycles, I can say that this could very well be manipulation by large players.
⚹ Before any global growth, there was a significant correction, knocking people out of the market.
⚹ The current market phase can be described as a Bear Trap.
#CPI_BTC_Watch #BinanceTurns7 #BinanceTournament
#ETH_ETFs_Approval_Predictions
What I saw shocked me...
Here’s how government plans to trick you
🧵👇
⚹ Recently, the market has experienced a significant correction, with the German government being a substantial source of FUD.
⚹ They hold over $1B in $BTC and have gradually started transferring assets to CEX for sale.
This is quite a comical moment since the German government never invested in $BTC but obtained it through other means.
⚹ These 50,000 $BTC were confiscated from the Movie2k website, dedicated to film piracy.
⚹ The funds were confiscated in January 2024.
So far, more than half of their $BTC , over 25,000, has already been sold through several CEXs:
- Kraken
- Coinbase
- Bitstamp
⚹ It's likely they don't leave unsold funds overnight and send them back to their wallets.
⚹ This event should not be cited as an example of competent people.
⚹ The government's paper hands simply decided not to diversify their treasury, for which they received criticism from their own deputies
⚹ This is market pressure that won't change the global picture
⚹ Very often, the market's reaction to news is much more emotional than the news itself.
⚹ People's emotions don't change, and the $1B figure hits their heads, making them rush to sell, forgetting that $BTC 's market cap is $1.14T.
⚹ Sooner or later, a rapid buyback would inevitably begin.
⚹ Although the pressure is quite amusing to experienced crypto enthusiasts, it has caused emotional swings for others.
⚹ This is a crucial moment in any cycle before global growth.
⚹ The market simply cannot start growing without shaking out weak hands from positions
⚹ Analyzing previous cycles, I can say that this could very well be manipulation by large players.
⚹ Before any global growth, there was a significant correction, knocking people out of the market.
⚹ The current market phase can be described as a Bear Trap.
#CPI_BTC_Watch #BinanceTurns7 #BinanceTournament
#ETH_ETFs_Approval_Predictions
Earning $290M with a $27 investment is easy
You just need to be Christopher Koch
A man who made a fortune by investing in BTC
Read more 🧵
Norwegian student Christopher Koch learned about bitcoin while working on his dissertation about encryption.
To gain practical knowledge, he bought about $27 worth of BTC.
It was 2009.
Bitcoin was not even mentioned until 2008, reacting to the global financial crisis.
The money Koch spent was enough for 5,000 tokens.
Christoph told his girlfriend about buying bitcoins, but she wasn't thrilled and gave him a hard time, thinking it was a waste of money.
"She thought I was wasting money on nonsense", — the Norwegian recalls.
After the successful defense of the thesis, real life began with finding a job and household chores.
Bitcoin was not profitable, and Koch forgot about the purchase and moved on with his life.
At the exchange rate, the value of 5,000 bitcoins was 5 million crowns or 885,000 dollars.
Koch, having completed his doctoral studies, did not sell it all at once and retained his millionaire status.
Koch withdrew 1.1 million kroner for the apartment, leaving the rest of the assets to run.
He checked the account daily, watching it grow by 50,000 kroner.
Every day I logged into the online bank and saw that the account had grown. Plus 50,000 kroner, plus 50,000 kroner again", — laughs the Norwegian.
"Even in my wildest dreams, I could not have imagined that they would soar like this".
I hope you've found this thread helpful
Follow me @CryptoMelo for more
#BTC_Bounce_Back_to_57k #Ton_Coin_Surge #SOFR_Spike #BinanceTurns7 #VanEck_SOL_ETFS
You just need to be Christopher Koch
A man who made a fortune by investing in BTC
Read more 🧵
Norwegian student Christopher Koch learned about bitcoin while working on his dissertation about encryption.
To gain practical knowledge, he bought about $27 worth of BTC.
It was 2009.
Bitcoin was not even mentioned until 2008, reacting to the global financial crisis.
The money Koch spent was enough for 5,000 tokens.
Christoph told his girlfriend about buying bitcoins, but she wasn't thrilled and gave him a hard time, thinking it was a waste of money.
"She thought I was wasting money on nonsense", — the Norwegian recalls.
After the successful defense of the thesis, real life began with finding a job and household chores.
Bitcoin was not profitable, and Koch forgot about the purchase and moved on with his life.
At the exchange rate, the value of 5,000 bitcoins was 5 million crowns or 885,000 dollars.
Koch, having completed his doctoral studies, did not sell it all at once and retained his millionaire status.
Koch withdrew 1.1 million kroner for the apartment, leaving the rest of the assets to run.
He checked the account daily, watching it grow by 50,000 kroner.
Every day I logged into the online bank and saw that the account had grown. Plus 50,000 kroner, plus 50,000 kroner again", — laughs the Norwegian.
"Even in my wildest dreams, I could not have imagined that they would soar like this".
I hope you've found this thread helpful
Follow me @CryptoMelo for more
#BTC_Bounce_Back_to_57k #Ton_Coin_Surge #SOFR_Spike #BinanceTurns7 #VanEck_SOL_ETFS
Apple has begun actively investing in the AI sector
Missing out on this is like not buying BTC in 2009!
By 2030, the AI sector will be valued at $2T
Here are 7 tokens that will make 100X
🧵👇
Artificial intelligence is the 2024 theme and is here to stay.
Combining AI and cryptocurrencies could create a trillion-dollar market.
Experts predict AI investments might hit $2 trillion by 2030.
Now's the time to pay attention.
AI x Crypto sector is still in its early stages.
The crypto AI sector is just beginning to take shape, but every major global company will be pouring money into it.
For example, Apple has already integrated GPT-4.0 into the interface of the iPhone 15 Pro in a recent update.
@oraichain | $ORAI
Oraichain is the world's first AI-powered oracle aiming to revolutionize the AI, DeFi, and blockchain industries. It's a data oracle that links AI APIs to smart contracts, enabling new AI-powered dApps.
Price: $10.96
MCap: $176.9M
FDV: $1906M
@real_alethea | $ALI
Alethea AI merges AI and blockchain to democratize AI ownership, ensuring equitable access and benefits distribution through innovative R&D.
Price: $0.016
MCap: $56.25M
FDV: $157.6M
@Spectral_Labs | $SPEC
Spectral lets you use AI to connect online agents with Web3. You can write prompts, which help smart contracts use machine learning.
Price: $9.86
MCap: $103,755,441
FDV: $984M
@ArcBlock_io | $ABT
ArcBlock is a platform for building and deploying blockchain dApps. It bills itself as a complete blockchain 3.0 product platform to build, deploy and manage Apps easily.
Price: $3.21
MCap: $313
FDV: $590M
@verasitytech | $VRA
Verasity is a blockchain eco for trusted digital ads and payments. Features VeraWallet, VeraViews for secure txs, fraud prevention, and 'Proof of View' tech to ensure authentic video views.
Price: $0.0036
MCap: $36.4M
Follow @CryptoMelo for more
#BTC_Bounce_Back_to_57k #BinanceTournament #ETH_ETFs_Approval_Predictions #US_Job_Market_Slowdown #BinanceTurns7 $BTC
Missing out on this is like not buying BTC in 2009!
By 2030, the AI sector will be valued at $2T
Here are 7 tokens that will make 100X
🧵👇
Artificial intelligence is the 2024 theme and is here to stay.
Combining AI and cryptocurrencies could create a trillion-dollar market.
Experts predict AI investments might hit $2 trillion by 2030.
Now's the time to pay attention.
AI x Crypto sector is still in its early stages.
The crypto AI sector is just beginning to take shape, but every major global company will be pouring money into it.
For example, Apple has already integrated GPT-4.0 into the interface of the iPhone 15 Pro in a recent update.
@oraichain | $ORAI
Oraichain is the world's first AI-powered oracle aiming to revolutionize the AI, DeFi, and blockchain industries. It's a data oracle that links AI APIs to smart contracts, enabling new AI-powered dApps.
Price: $10.96
MCap: $176.9M
FDV: $1906M
@real_alethea | $ALI
Alethea AI merges AI and blockchain to democratize AI ownership, ensuring equitable access and benefits distribution through innovative R&D.
Price: $0.016
MCap: $56.25M
FDV: $157.6M
@Spectral_Labs | $SPEC
Spectral lets you use AI to connect online agents with Web3. You can write prompts, which help smart contracts use machine learning.
Price: $9.86
MCap: $103,755,441
FDV: $984M
@ArcBlock_io | $ABT
ArcBlock is a platform for building and deploying blockchain dApps. It bills itself as a complete blockchain 3.0 product platform to build, deploy and manage Apps easily.
Price: $3.21
MCap: $313
FDV: $590M
@verasitytech | $VRA
Verasity is a blockchain eco for trusted digital ads and payments. Features VeraWallet, VeraViews for secure txs, fraud prevention, and 'Proof of View' tech to ensure authentic video views.
Price: $0.0036
MCap: $36.4M
Follow @CryptoMelo for more
#BTC_Bounce_Back_to_57k #BinanceTournament #ETH_ETFs_Approval_Predictions #US_Job_Market_Slowdown #BinanceTurns7 $BTC
Stop for a second and take a look at the chart.
This dump happens every cycle and it is ur last chance to buy alts before they go parabolic.
Here're 10 projects with 100x potential in 2024
🧵👇
NFPrompt is a Web3 tool enabling users to monetize AI-generated content. By leveraging blockchain, it ensures ownership of AI art, empowers creators, and fosters an open NFT marketplace
❍ Price: $0.25
❍ Market cap: $62M
@SleeplessAI Labs - $AI
❍ Sleepless AI is a Web3+AI gaming platform that combines artificial intelligence and blockchain to provide immersive gaming experiences and emotional support through AI companion games
❍ Price: $0.52
❍ Market cap: $102M
@centrifuge - $CFG
❍ Centrifuge is a platform for real-world asset tokenization, offering investors access to diverse assets and providing asset managers with tools to streamline operations and unlock new capital sources
❍ Price: $0.43
❍ Market cap: $213M
@blast - $BLAST
❍ Blast is an Ethereum L2 offering native yield on ETH and stablecoins via auto-rebasing. It provides 4% yield on ETH and 5% on stablecoins, leveraging ETH staking and on-chain T-Bill protocols
❍ Price: $0.01
❍ Market cap: $263M
@Worldcoin - $WLD
❍ Worldcoin aims to create a global identity and financial network, providing proof of personhood and a digital currency (WLD) to increase economic opportunity and privacy
❍ Price: $1.8
❍ Market cap: $501M
Synthetix is a decentralized protocol on ETH and Optimistic Ethereum, providing liquidity for synthetic assets. It uses SNX as collateral for synth issuance, supporting various DeFi applications and derivatives
❍ Price: $1.6
❍ Market cap: $534M
@Ethena Labs - $ENA
❍ Ethena is a synthetic dollar protocol on Ethereum offering a crypto-native dollar (USDe) and the 'Internet Bond.' USDe is backed by delta-hedged ETH and BTC, ensuring peg stability and wide DeFi/DeFi compatibility
❍ Price: $0.4
❍ Market cap: $695M
#SOFR_Spike #BinanceTournament #ETH_ETFs_Approval_Predictions #US_Job_Market_Slowdown
This dump happens every cycle and it is ur last chance to buy alts before they go parabolic.
Here're 10 projects with 100x potential in 2024
🧵👇
NFPrompt is a Web3 tool enabling users to monetize AI-generated content. By leveraging blockchain, it ensures ownership of AI art, empowers creators, and fosters an open NFT marketplace
❍ Price: $0.25
❍ Market cap: $62M
@SleeplessAI Labs - $AI
❍ Sleepless AI is a Web3+AI gaming platform that combines artificial intelligence and blockchain to provide immersive gaming experiences and emotional support through AI companion games
❍ Price: $0.52
❍ Market cap: $102M
@centrifuge - $CFG
❍ Centrifuge is a platform for real-world asset tokenization, offering investors access to diverse assets and providing asset managers with tools to streamline operations and unlock new capital sources
❍ Price: $0.43
❍ Market cap: $213M
@blast - $BLAST
❍ Blast is an Ethereum L2 offering native yield on ETH and stablecoins via auto-rebasing. It provides 4% yield on ETH and 5% on stablecoins, leveraging ETH staking and on-chain T-Bill protocols
❍ Price: $0.01
❍ Market cap: $263M
@Worldcoin - $WLD
❍ Worldcoin aims to create a global identity and financial network, providing proof of personhood and a digital currency (WLD) to increase economic opportunity and privacy
❍ Price: $1.8
❍ Market cap: $501M
Synthetix is a decentralized protocol on ETH and Optimistic Ethereum, providing liquidity for synthetic assets. It uses SNX as collateral for synth issuance, supporting various DeFi applications and derivatives
❍ Price: $1.6
❍ Market cap: $534M
@Ethena Labs - $ENA
❍ Ethena is a synthetic dollar protocol on Ethereum offering a crypto-native dollar (USDe) and the 'Internet Bond.' USDe is backed by delta-hedged ETH and BTC, ensuring peg stability and wide DeFi/DeFi compatibility
❍ Price: $0.4
❍ Market cap: $695M
#SOFR_Spike #BinanceTournament #ETH_ETFs_Approval_Predictions #US_Job_Market_Slowdown
What if Altcoins are exactly where they were in 2020?
Consolidation before the next wave up.
👀🔥
Most people wouldn't expect it.
#BTC_Bounce_Back_to_57k #BinanceTurns7 #MtGoxJulyRepayments #ETH_ETFs_Approval_Predictions #BinanceTournament $BTC $ETH $BNB
Consolidation before the next wave up.
👀🔥
Most people wouldn't expect it.
#BTC_Bounce_Back_to_57k #BinanceTurns7 #MtGoxJulyRepayments #ETH_ETFs_Approval_Predictions #BinanceTournament $BTC $ETH $BNB
This is Tomar Chirag, and he was sentenced to 20 years in prison
He stole $37,000,000 from CoinBase users
He was enjoying the money but got caught due to a basic mistake
Here is his story and where he slipped up
🧵👇
In June 2021, Tomar created a website that imitated Coinbase Pro
Through this site, Tomar obtained login credentials from other users
He then initiated login attempts but could not gain access without the 2FA key
Tomar used social engineering
When users saw a login attempt, they called a fake support service, which then hacked the victims' computers using remote access software
After obtaining the tokens, Tomar used a mixer to obfuscate the transactions and converted the money to cash
This is how Tomar Chirag stole $37,000,000 from ordinary people
But he was arrested at Atlanta Airport on December 20, 2023
He confessed to the crimes and now faces a maximum prison sentence of up to 20 years and a $250,000 fine
Such stories are not uncommon. Statistics show that as the popularity of cryptocurrencies grows, so does the number of scammers
Here are a few security tips that can save you from scams
👇
Check Links
Do not open unfamiliar links
Only use links from official sources
Remember that if you connect your wallet to a scam site, you will lose all your money
Storing Money
The best option for long-term storage is a hardware wallet (like Ledger).
If that's not convenient for you, use decentralized wallets like MetaMask or Trust Wallet.
I don't recommend using CEX for storing your assets.
I hope you've found this thread helpful.
Follow me @CryptoMelo for more.
#BTC_Bounce_Back_to_57k #Ton_Coin_Surge #BinanceTurns7 #SOFR_Spike #ETH_ETFs_Approval_Predictions $BTC
He stole $37,000,000 from CoinBase users
He was enjoying the money but got caught due to a basic mistake
Here is his story and where he slipped up
🧵👇
In June 2021, Tomar created a website that imitated Coinbase Pro
Through this site, Tomar obtained login credentials from other users
He then initiated login attempts but could not gain access without the 2FA key
Tomar used social engineering
When users saw a login attempt, they called a fake support service, which then hacked the victims' computers using remote access software
After obtaining the tokens, Tomar used a mixer to obfuscate the transactions and converted the money to cash
This is how Tomar Chirag stole $37,000,000 from ordinary people
But he was arrested at Atlanta Airport on December 20, 2023
He confessed to the crimes and now faces a maximum prison sentence of up to 20 years and a $250,000 fine
Such stories are not uncommon. Statistics show that as the popularity of cryptocurrencies grows, so does the number of scammers
Here are a few security tips that can save you from scams
👇
Check Links
Do not open unfamiliar links
Only use links from official sources
Remember that if you connect your wallet to a scam site, you will lose all your money
Storing Money
The best option for long-term storage is a hardware wallet (like Ledger).
If that's not convenient for you, use decentralized wallets like MetaMask or Trust Wallet.
I don't recommend using CEX for storing your assets.
I hope you've found this thread helpful.
Follow me @CryptoMelo for more.
#BTC_Bounce_Back_to_57k #Ton_Coin_Surge #BinanceTurns7 #SOFR_Spike #ETH_ETFs_Approval_Predictions $BTC
Everyone's heard of Satoshi Nakamoto.
Holder of $70 billion worth of bitcoins.
But why hasn't Nakamoto been revealed yet?
Here's the investigation behind this enigma
🧵👇
October 31 / 2008 A white paper was published in an online cryptography mailing list describing a digital cryptocurrency. This nine-page research was titled "#Bitcoin: A Peer-to-Peer Electronic Cash System".
Jan 3 / 2009
The Bitcoin network was created by mining the starting block of the chain, known as the "Genesis Block".
It contained the first 50 $BTC and a message in the code:
"The Times 03 / Jan / 2009 Chancellor on brink of second bailout for banks."
During these 64 days, a new story relating to the concept of an entirely new type of money was started.
However, if there're not for Sat... We would never have heard about the crypto world.
So, who is behind it?
One thing we know, based on interviews, is that he thought the system out very thoroughly.
"His coding wasn’t conventional" Jeff Garzik, a core developer, wrote.
He didn’t apply the same rigorous testing that you would expect from a classic software engineer.
Attempt to reveal
There have been several people attributed with being or claiming to be Nakamoto.
But none of the claims or proposals have proven to be true.
Dorian Nakamoto, Hal Finney, Nick Szabo, Craig Wright, David Kleiman, etc.
Net Worth
An analysis by Sergio Lerner, an authority on Bitcoin and cryptography, suggests:
— Nakamoto mined many of the early blocks of Bitcoin
— He'd built up a fortune of around 1M unspent $BTC
That hoard would be worth more than $70 billion U.S. dollars as of March 08, 2024.
"If he'd be revealed, $BTC $BTC die"
Some argue that Bitcoin'd not be able to function as efficiently if the identity of Satoshi was revealed.
The arguments for this position would include:
— Decentralization / Focus on Technology
— Trustless System / Fostering Community
#BTC_Bounce_Back_to_57k #BinanceTurns7 #US_Job_Market_Slowdown #VanEck_SOL_ETFS #MtGoxJulyRepayments
Holder of $70 billion worth of bitcoins.
But why hasn't Nakamoto been revealed yet?
Here's the investigation behind this enigma
🧵👇
October 31 / 2008 A white paper was published in an online cryptography mailing list describing a digital cryptocurrency. This nine-page research was titled "#Bitcoin: A Peer-to-Peer Electronic Cash System".
Jan 3 / 2009
The Bitcoin network was created by mining the starting block of the chain, known as the "Genesis Block".
It contained the first 50 $BTC and a message in the code:
"The Times 03 / Jan / 2009 Chancellor on brink of second bailout for banks."
During these 64 days, a new story relating to the concept of an entirely new type of money was started.
However, if there're not for Sat... We would never have heard about the crypto world.
So, who is behind it?
One thing we know, based on interviews, is that he thought the system out very thoroughly.
"His coding wasn’t conventional" Jeff Garzik, a core developer, wrote.
He didn’t apply the same rigorous testing that you would expect from a classic software engineer.
Attempt to reveal
There have been several people attributed with being or claiming to be Nakamoto.
But none of the claims or proposals have proven to be true.
Dorian Nakamoto, Hal Finney, Nick Szabo, Craig Wright, David Kleiman, etc.
Net Worth
An analysis by Sergio Lerner, an authority on Bitcoin and cryptography, suggests:
— Nakamoto mined many of the early blocks of Bitcoin
— He'd built up a fortune of around 1M unspent $BTC
That hoard would be worth more than $70 billion U.S. dollars as of March 08, 2024.
"If he'd be revealed, $BTC $BTC die"
Some argue that Bitcoin'd not be able to function as efficiently if the identity of Satoshi was revealed.
The arguments for this position would include:
— Decentralization / Focus on Technology
— Trustless System / Fostering Community
#BTC_Bounce_Back_to_57k #BinanceTurns7 #US_Job_Market_Slowdown #VanEck_SOL_ETFS #MtGoxJulyRepayments
This is Do Kwon.
Net worth over $3 billion.
Founder of Luna and UST, whose collapse wiped out $45 billion in one week.
Here's the untold story behind it
🧵👇
Do Kwon is a South Korean entrepreneur known for his work in the cryptocurrency space.
He holds a degree in Computer Science from Stanford University.
Before diving into blockchain, Kwon worked as a software engineer at Apple and Microsoft.
In 2018, Do Kwon founded Terraform Labs.
They raised $32+25M from Binance, Coinbase, Arrington XRP and Polychain.
In 2020, Terraform Labs unveiled the TerraUSD (UST) algorithmic stablecoin, which was pegged to the U.S. dollar.
The stablecoin was backed by the LUNA token, which theoretically helped maintain the stablecoin’s dollar value.
While everyone thought South Korea used UST, Terraform had artificially mirrored Chai transactions on its network to create the impression of legitimate traffic.
Kwon suggested they create “fake transactions that look real,” and promised to “try my best to make it indiscernible.”
Kwon always played his own game and misled people.
Before the crash, he accepted a $1M bet that Luna wouldn't fall lower and even offered a bet that UST wouldn't depeg.
So why did Luna and UST crash?
👇
In May 2022 Terra's Anchor Protocol started reducing the interest rates it provided for stablecoin deposits.
This caused a decline in the number of lenders, who started exiting UST
The burn-and-mint mechanism used by Terra allowed holders to swap UST for LUNA tokens was slow and faced technical issues, with exchanges pausing withdrawals.
This mechanism also led to the dilution of the LUNA token supply, causing its price to drop further.
The depeg of UST from the dollar became bigger as the automated mechanism at Curve’s pool created more discount to incentivize arbitrage traders.
As a result of these factors, UST lost its peg to the dollar, and the price of LUNA dumped.
#SOFR_Spike #US_Job_Market_Slowdown #VanEck_SOL_ETFS #Megadrop
$LUNC
Net worth over $3 billion.
Founder of Luna and UST, whose collapse wiped out $45 billion in one week.
Here's the untold story behind it
🧵👇
Do Kwon is a South Korean entrepreneur known for his work in the cryptocurrency space.
He holds a degree in Computer Science from Stanford University.
Before diving into blockchain, Kwon worked as a software engineer at Apple and Microsoft.
In 2018, Do Kwon founded Terraform Labs.
They raised $32+25M from Binance, Coinbase, Arrington XRP and Polychain.
In 2020, Terraform Labs unveiled the TerraUSD (UST) algorithmic stablecoin, which was pegged to the U.S. dollar.
The stablecoin was backed by the LUNA token, which theoretically helped maintain the stablecoin’s dollar value.
While everyone thought South Korea used UST, Terraform had artificially mirrored Chai transactions on its network to create the impression of legitimate traffic.
Kwon suggested they create “fake transactions that look real,” and promised to “try my best to make it indiscernible.”
Kwon always played his own game and misled people.
Before the crash, he accepted a $1M bet that Luna wouldn't fall lower and even offered a bet that UST wouldn't depeg.
So why did Luna and UST crash?
👇
In May 2022 Terra's Anchor Protocol started reducing the interest rates it provided for stablecoin deposits.
This caused a decline in the number of lenders, who started exiting UST
The burn-and-mint mechanism used by Terra allowed holders to swap UST for LUNA tokens was slow and faced technical issues, with exchanges pausing withdrawals.
This mechanism also led to the dilution of the LUNA token supply, causing its price to drop further.
The depeg of UST from the dollar became bigger as the automated mechanism at Curve’s pool created more discount to incentivize arbitrage traders.
As a result of these factors, UST lost its peg to the dollar, and the price of LUNA dumped.
#SOFR_Spike #US_Job_Market_Slowdown #VanEck_SOL_ETFS #Megadrop
$LUNC
Accidentally threw away an HDD with $427M on itSounds like fiction, but James Howells doesn't think
How it happened Everyone has probably heard the story of James Howells.
In 2013, this 27-year-old British developer's life changed when he threw away a hard drive that may now be the world's most expensive.
Howells had two 2.5-inch HDDs.One he wanted to throw away, and the other had a digital wallet with 7,500 bitcoins on it.
Unfortunately, the second HDD ended up in the landfill.
Now the programmer's lifelong goal is to find that hard drive.
James' plan
In 2017, when the price of bitcoin reached $13,000, James remembered about his HDD.After trying to plug it in, he realized what he had done.
That's when he petitioned the Newport City Council to be allowed to search the local landfill.
by studying garbage truck traffic,
James and his comrades narrowed the search area to 200 square meters.
The garbage is about 15 meters deep.
As a result, there is to search about 300k tons of garbage, and if the disk in the upper layers - then "only" 100k tons.
Reaction of the authorities
The city authorities did not allow James to excavate, believing it would cost millions of pounds and damage the environment.
Howells offered to pay a quarter of the treasure found, but this did not convince the city authorities.
All of James' requests were rejected, no matter what option he offered.
The City Council assures that it will not approve the excavation under any conditions.
Howells intends to sue, claiming that the authorities' actions constitute an illegal embargo on the drive.
New technologies
Howells hasn't given up and has taken it to the next level.
He hopes to convince local authorities to allow the hard drive search with the help of a hedge fund.
Venture capitalists from Switzerland and Germany have pledged $11 million for the project if it gets approval.
The plan is to use artificial intelligence and automation to sort through trash with minimal environmental damage.
The trash will be dug up by machines and sorting will take place at a temporary facility next to the landfill.
A special Max-AI machine trained to detect hard drives will assist with sorting.
For security, Howells envisioned 24-hour video surveillance and patrols by Boston Dynamics' Spot robotic dogs.
All for the greater good Howells plans to keep 30% of the bitcoins.Another 30% will go to the data recovery team and investors. The remaining money will go to the local community.
After the excavation, Howells wants to recycle as much of the waste as possible and rebury the rest. His team is considering building a solar or wind farm at the landfill site.
Howells avoids thinking about the failure or what he will do with the money so he doesn't freak out. He is now waiting to hear back from the authorities, perfecting the plan and preparing to start digging.
#SOFR_Spike #US_Job_Market_Slowdown #BinanceTurns7 #ETH_ETFs_Approval_Predictions #MtGoxJulyRepayments $BTC $ETH
In 2013, this 27-year-old British developer's life changed when he threw away a hard drive that may now be the world's most expensive.
Howells had two 2.5-inch HDDs.One he wanted to throw away, and the other had a digital wallet with 7,500 bitcoins on it.
Unfortunately, the second HDD ended up in the landfill.
Now the programmer's lifelong goal is to find that hard drive.
James' plan
In 2017, when the price of bitcoin reached $13,000, James remembered about his HDD.After trying to plug it in, he realized what he had done.
That's when he petitioned the Newport City Council to be allowed to search the local landfill.
by studying garbage truck traffic,
James and his comrades narrowed the search area to 200 square meters.
The garbage is about 15 meters deep.
As a result, there is to search about 300k tons of garbage, and if the disk in the upper layers - then "only" 100k tons.
Reaction of the authorities
The city authorities did not allow James to excavate, believing it would cost millions of pounds and damage the environment.
Howells offered to pay a quarter of the treasure found, but this did not convince the city authorities.
All of James' requests were rejected, no matter what option he offered.
The City Council assures that it will not approve the excavation under any conditions.
Howells intends to sue, claiming that the authorities' actions constitute an illegal embargo on the drive.
New technologies
Howells hasn't given up and has taken it to the next level.
He hopes to convince local authorities to allow the hard drive search with the help of a hedge fund.
Venture capitalists from Switzerland and Germany have pledged $11 million for the project if it gets approval.
The plan is to use artificial intelligence and automation to sort through trash with minimal environmental damage.
The trash will be dug up by machines and sorting will take place at a temporary facility next to the landfill.
A special Max-AI machine trained to detect hard drives will assist with sorting.
For security, Howells envisioned 24-hour video surveillance and patrols by Boston Dynamics' Spot robotic dogs.
All for the greater good Howells plans to keep 30% of the bitcoins.Another 30% will go to the data recovery team and investors. The remaining money will go to the local community.
After the excavation, Howells wants to recycle as much of the waste as possible and rebury the rest. His team is considering building a solar or wind farm at the landfill site.
Howells avoids thinking about the failure or what he will do with the money so he doesn't freak out. He is now waiting to hear back from the authorities, perfecting the plan and preparing to start digging.
#SOFR_Spike #US_Job_Market_Slowdown #BinanceTurns7 #ETH_ETFs_Approval_Predictions #MtGoxJulyRepayments $BTC $ETH
Solana: From a Garage Startup to One of the Largest Blockchains
I researched an interview with $SOL CEO Daniel Albert
The info I found was shocking...
Here is the past and the future of Solana Foundation
🧵👇
Why did Daniel join Solana?
He has been following the cryptocurrency industry since 2017
He joined Solana full-time in 2019
All the co-founders of Solana and most of the early developers, we all came from Qualcomm
Qualcomm is a large technology company; they manufacture chips for mobile phones and mobile networks
Daniel didn't join SOL immediately when he was invited because of his work in Antarctica
But later in 2019, he eventually agreed and entered SOL with 10-12 other people
What was Solana in 2019?
They had a small office in San Francisco, but they worked in Greg's basement during that 1st summer of 2019
$SOL
TX processing and the super-fast consensus that SOL is famous for were already functioning
Firstly they just play with stuff in Greg's house
Then they took it to a data center, installed them in a rack, and this was the 1st physical installation of SOL validators
About parallel execution of TXs
This is the main reason for the high TPS
SOL's consensus mechanism is very different from many EVM-compatible networks
The parallel execution engine allows Sol's environment, which actually processes your tx, to scale with the hardware
When performing tasks in parallel, it simply applies more cores and achieves greater parallelism over time
As long as people use the internet, and Intel, AMD, and Nvidia fight, chips will get faster, and data transfer speeds will increase Solana will always get faster
How meme coins affect the Solana ecosystem?
Overall, meme tokens are a healthy phenomenon
Firstly, they are fun. Solana is simple, fast, and cheap
Secondly, meme tokens create fertile ground for experiments, just like NFTs did
#Megadrop
#SOFR_Spike #US_Job_Market_Slowdown #BinanceTurns7 #VanEck_SOL_ETFS
I researched an interview with $SOL CEO Daniel Albert
The info I found was shocking...
Here is the past and the future of Solana Foundation
🧵👇
Why did Daniel join Solana?
He has been following the cryptocurrency industry since 2017
He joined Solana full-time in 2019
All the co-founders of Solana and most of the early developers, we all came from Qualcomm
Qualcomm is a large technology company; they manufacture chips for mobile phones and mobile networks
Daniel didn't join SOL immediately when he was invited because of his work in Antarctica
But later in 2019, he eventually agreed and entered SOL with 10-12 other people
What was Solana in 2019?
They had a small office in San Francisco, but they worked in Greg's basement during that 1st summer of 2019
$SOL
TX processing and the super-fast consensus that SOL is famous for were already functioning
Firstly they just play with stuff in Greg's house
Then they took it to a data center, installed them in a rack, and this was the 1st physical installation of SOL validators
About parallel execution of TXs
This is the main reason for the high TPS
SOL's consensus mechanism is very different from many EVM-compatible networks
The parallel execution engine allows Sol's environment, which actually processes your tx, to scale with the hardware
When performing tasks in parallel, it simply applies more cores and achieves greater parallelism over time
As long as people use the internet, and Intel, AMD, and Nvidia fight, chips will get faster, and data transfer speeds will increase Solana will always get faster
How meme coins affect the Solana ecosystem?
Overall, meme tokens are a healthy phenomenon
Firstly, they are fun. Solana is simple, fast, and cheap
Secondly, meme tokens create fertile ground for experiments, just like NFTs did
#Megadrop
#SOFR_Spike #US_Job_Market_Slowdown #BinanceTurns7 #VanEck_SOL_ETFS
Largest cryptocurrency hack to date
$625M hack into Ronin's network by North Korean hackers
What became of the funds and the hackers themselves?
Read below
🧵
Who are Lazarus Group?
The Lazarus hackers are government officials of the Democratic People's Republic of Korea.
They are a cybercrime group that has carried out a series of attacks led by the North Korean government.
The group has been active since 2009, but first became famous in 2014 after compromising entertainment company Sony Pictures.
They became even more infamous two years later when they struck the Bangladesh Central Bank in 2016 and stole about $81M.5:33 PM · Jul 5, 2024·78 Views
Interestingly, Lazarus hackers are usually not motivated by money, which distinguishes them from similar criminal organizations.
These statesmen steal classified information, commit sabotage and other illegal acts to bring political or economic gain to the DPRK.
Shortly after the exploit, developers stopped all transactions on the network.
The hackers stole 173,600 ETH (approximately $600M) and $25.5m, totaling $625M.
According to the team's official statement, the attackers used compromised private keys that gave them access to the validator nodes.
The Ronin blockchain consists of nine validator nodes, and to complete a transaction, 5 of them must give their approval.
Attackers faked withdrawals using compromised private keys and carried out the largest hack in the crypto space.
How the FBI linked Lazarus hackers to the Ronin exploit
The FBI and the U.S. Treasury Department sanctioned three wallets linked to the DPRK groups Lazarus and APT38.
Chainalysis determined that one of these wallets was used in the Ronin attack.
Binance's CEO said the exchange has returned $5.8 million in stolen funds.
Unfortunately, the hackers were never found.
FBI and Treasury Department continue to fight cybercrime.
#SOFR_Spike #US_Job_Market_Slowdown #ETH_ETFs_Approval_Predictions
#LayerZero #CPIAlert
$625M hack into Ronin's network by North Korean hackers
What became of the funds and the hackers themselves?
Read below
🧵
Who are Lazarus Group?
The Lazarus hackers are government officials of the Democratic People's Republic of Korea.
They are a cybercrime group that has carried out a series of attacks led by the North Korean government.
The group has been active since 2009, but first became famous in 2014 after compromising entertainment company Sony Pictures.
They became even more infamous two years later when they struck the Bangladesh Central Bank in 2016 and stole about $81M.5:33 PM · Jul 5, 2024·78 Views
Interestingly, Lazarus hackers are usually not motivated by money, which distinguishes them from similar criminal organizations.
These statesmen steal classified information, commit sabotage and other illegal acts to bring political or economic gain to the DPRK.
Shortly after the exploit, developers stopped all transactions on the network.
The hackers stole 173,600 ETH (approximately $600M) and $25.5m, totaling $625M.
According to the team's official statement, the attackers used compromised private keys that gave them access to the validator nodes.
The Ronin blockchain consists of nine validator nodes, and to complete a transaction, 5 of them must give their approval.
Attackers faked withdrawals using compromised private keys and carried out the largest hack in the crypto space.
How the FBI linked Lazarus hackers to the Ronin exploit
The FBI and the U.S. Treasury Department sanctioned three wallets linked to the DPRK groups Lazarus and APT38.
Chainalysis determined that one of these wallets was used in the Ronin attack.
Binance's CEO said the exchange has returned $5.8 million in stolen funds.
Unfortunately, the hackers were never found.
FBI and Treasury Department continue to fight cybercrime.
#SOFR_Spike #US_Job_Market_Slowdown #ETH_ETFs_Approval_Predictions
#LayerZero #CPIAlert
We know the guy who bought 2 pizzas for 10,000 $BTC .
But what about the guy who sold those?
How did he spend those Bitcoins or did he HOLD?
Here’s the investigation about his life after this deal
🧵👇
In May 2010, Laszlo Hanyecz made history by buying two pizzas for 10,000 $BTC .
But, according to Bitcoin's white paper, its P2P system refers to exchanging assets between 2 people.
So, there must be another person who was involved in the first physical purchase using Bitcoin.
It was Jeremy Sturdivant, a 19-year-old student known on the BitcoinTalk forum as "jercos".
Being a strong Bitcoin enthusiast, he almost instantly agreed to take part in this unique transaction.
But what happened to him next? Is he still holding 10,000 $BTC ?
1: The first day.
Few people write about it, but Jeremy made a profit from the very first moment of that transaction.
At that time, 2 Papa John's pizzas cost about $25, while Laszlo offered 10,000 $BTC or $41.
2: Take profits.
It might sound like the most incredibly profitable transaction in history, but...
The crypto cash disappeared when Sturdivant used it to "cover expenses" while traveling the US with his girlfriend.
3: More spending.
In his own words, Sturdivant's Bitcoin holdings also helped him buy games apart from supporting his travels.
He later told the Telegraph — "If I had treated it as an investment, I might have held on a bit longer."
4: Investing.
"Not beyond using $BTC business myself." Jeremy wrote.
He also added that if the opportunity arose he'd be more inclined to invest in a Bitcoin business than to hold on to coins.
5: Career.
He's currently a product development engineer for Inovonics Inc.
It's a manufacturer of professional radio broadcast equipment.
6: Net worth.
$570M... It could have been, but he squandered them all.
"Those 10,000 BTC made it back into the economy fairly quickly, around the time they were worth some $400."
So, having received a 10x ROI, he could not hold on and sold everything. #
Please follow me for more stories :)
$BTC
#SOFR_Spike
#VanEck_SOL_ETFS
But what about the guy who sold those?
How did he spend those Bitcoins or did he HOLD?
Here’s the investigation about his life after this deal
🧵👇
In May 2010, Laszlo Hanyecz made history by buying two pizzas for 10,000 $BTC .
But, according to Bitcoin's white paper, its P2P system refers to exchanging assets between 2 people.
So, there must be another person who was involved in the first physical purchase using Bitcoin.
It was Jeremy Sturdivant, a 19-year-old student known on the BitcoinTalk forum as "jercos".
Being a strong Bitcoin enthusiast, he almost instantly agreed to take part in this unique transaction.
But what happened to him next? Is he still holding 10,000 $BTC ?
1: The first day.
Few people write about it, but Jeremy made a profit from the very first moment of that transaction.
At that time, 2 Papa John's pizzas cost about $25, while Laszlo offered 10,000 $BTC or $41.
2: Take profits.
It might sound like the most incredibly profitable transaction in history, but...
The crypto cash disappeared when Sturdivant used it to "cover expenses" while traveling the US with his girlfriend.
3: More spending.
In his own words, Sturdivant's Bitcoin holdings also helped him buy games apart from supporting his travels.
He later told the Telegraph — "If I had treated it as an investment, I might have held on a bit longer."
4: Investing.
"Not beyond using $BTC business myself." Jeremy wrote.
He also added that if the opportunity arose he'd be more inclined to invest in a Bitcoin business than to hold on to coins.
5: Career.
He's currently a product development engineer for Inovonics Inc.
It's a manufacturer of professional radio broadcast equipment.
6: Net worth.
$570M... It could have been, but he squandered them all.
"Those 10,000 BTC made it back into the economy fairly quickly, around the time they were worth some $400."
So, having received a 10x ROI, he could not hold on and sold everything. #
Please follow me for more stories :)
$BTC
#SOFR_Spike
#VanEck_SOL_ETFS
Don't listen to those saying it's the best time to buy!
Another crisis is coming, and Bitcoin might take a big hit!
Read this before making your decision
🧵👇
Many are telling you that it's the best time to buy.
That would have been the case if $9B in BTC wasn't about to be released into the market all at once.
As you probably know, Mt. Gox was a CEX based in Japan, one of the largest at its time (2010-14).
They suffered several hacks that led to their closure and blocked all their clients' funds.
In total, 850,000 $BTC were lost by Mt. Gox.
A few years ago, they found 200,000 $BTC in an old wallet format.
The Japanese court decided to redistribute 140,000 $BTC to the affected clients.
The distribution was initially scheduled for October 2023, then postponed to October 2024, and recently moved up to July 2024.
At the time these clients lost their BTC, BTC was worth between $1 and $500.
Once they are reimbursed, they will have made between 500x and 60,000x.
The refund will be made in BTC, not in fiat, so it is logical to think that most will sell to take their gains.
These Bitcoins have not yet been distributed.
How do I know?
The Mt. Gox addresses are public, so you can track their on-chain activity.
They hold 3 addresses, each containing 47,228 $BTC.
The easiest way to track the evolution of these wallets is to use @ArkhamIntel:
• Go to @ArkhamIntel
• Type "Mt. Gox" in the search bar
• Select the entity
You will find a dashboard allowing you to track the evolution and transactions of all Mt. Gox wallets.
Is it necessarily bearish?
Not necessarily, remember when the $ETH were unlocked (Shanghai) for all stakers last year.
Some had made 10x and 100x, yet the price was not significantly impacted.
As you can see, things are much more complicated than we think. It's hard to say whether this event will be favorable or unfavorable for the market.
#MtGoxJulyRepayments
#IntroToCopytrading
#BinanceTournament
Another crisis is coming, and Bitcoin might take a big hit!
Read this before making your decision
🧵👇
Many are telling you that it's the best time to buy.
That would have been the case if $9B in BTC wasn't about to be released into the market all at once.
As you probably know, Mt. Gox was a CEX based in Japan, one of the largest at its time (2010-14).
They suffered several hacks that led to their closure and blocked all their clients' funds.
In total, 850,000 $BTC were lost by Mt. Gox.
A few years ago, they found 200,000 $BTC in an old wallet format.
The Japanese court decided to redistribute 140,000 $BTC to the affected clients.
The distribution was initially scheduled for October 2023, then postponed to October 2024, and recently moved up to July 2024.
At the time these clients lost their BTC, BTC was worth between $1 and $500.
Once they are reimbursed, they will have made between 500x and 60,000x.
The refund will be made in BTC, not in fiat, so it is logical to think that most will sell to take their gains.
These Bitcoins have not yet been distributed.
How do I know?
The Mt. Gox addresses are public, so you can track their on-chain activity.
They hold 3 addresses, each containing 47,228 $BTC.
The easiest way to track the evolution of these wallets is to use @ArkhamIntel:
• Go to @ArkhamIntel
• Type "Mt. Gox" in the search bar
• Select the entity
You will find a dashboard allowing you to track the evolution and transactions of all Mt. Gox wallets.
Is it necessarily bearish?
Not necessarily, remember when the $ETH were unlocked (Shanghai) for all stakers last year.
Some had made 10x and 100x, yet the price was not significantly impacted.
As you can see, things are much more complicated than we think. It's hard to say whether this event will be favorable or unfavorable for the market.
#MtGoxJulyRepayments
#IntroToCopytrading
#BinanceTournament
The Anonymous Mr. Smith
No one knows who Mr. Smith is, but his tale is legendary. Mr. Smith invested $3,000 while working in Silicon Valley in 2010. That means he had almost 20,000 bitcoins back then when the price of bitcoin was just US 15 cents.3 years later, with the price rising by 10% or more every day, he sold 2,000 coins when the price hit $350. When the price hit $800 a few days later, he sold another 2,000 coins. He’d already netted $2.3 million. Today, he is a legit major investor and traveler. He’s still anonymous, but those who know him say he is as responsible as anyone for the rise in bitcoin price.
#altcoins #FIT21 #ETHETFsApproved #BTC #bitcoin
$BTC
No one knows who Mr. Smith is, but his tale is legendary. Mr. Smith invested $3,000 while working in Silicon Valley in 2010. That means he had almost 20,000 bitcoins back then when the price of bitcoin was just US 15 cents.3 years later, with the price rising by 10% or more every day, he sold 2,000 coins when the price hit $350. When the price hit $800 a few days later, he sold another 2,000 coins. He’d already netted $2.3 million. Today, he is a legit major investor and traveler. He’s still anonymous, but those who know him say he is as responsible as anyone for the rise in bitcoin price.
#altcoins #FIT21 #ETHETFsApproved #BTC #bitcoin
$BTC
Everybody remembers this guy.
He paid 10,000 $BTC for 2 large pizzas.
Now it's worth $600 million, but what about the guy?
Here's how his life has changed after this deal🧵👇
2010 / 18 May / 12:35:20 AM
On the Bitcoin Talk forum, Laszlo Hanyecz reached out for help:
"I will pay 10,000 bitcoins for a couple of pizzas… like maybe 2 large ones."
2010 / 22 May / 07:17:26 PM
A British man took up Hanyecz’s offer and bought the two pizzas for him in exchange for 10,000 $BTC.
"I just want to report that I successfully traded 10,000 bitcoins for pizza. Thanks jercos!" - Laszlo wrote.
And the story began...
Since 2010, the crypto community has come together annually on May 22 to celebrate "Bitcoin Pizza Day".
It serves as a reminder of the humble beginnings of $BTC and the incredible journey it has undertaken.
But what about Laszlo Hanyecz?
Career.
Laszlo continues to work in the field of programming and technology.
Given his ability with Bitcoin mining and blockchain engineering, he must have received multiple job offers.
"I bought two pizzas for $700M..."
Laszlo does not regret his decision to spend 10,000 bitcoins on pizza.
He says at the time it was an experiment and a way to demonstrate that crypto can be used for real TXs.
And this purchase helped raise awareness of Bitcoin and contributed to its development.
The HODL mode
Laszlo continues to be an active member of the crypto community, and a $BTC holder (who knows).
Sometimes, he also shares his experience and views on the current situation in the world of crypto.
BTW, Hanyecz is still seen walking in Bitcoin conventions, events, presentations, and podcasts.
#IntroToCopytrading #VanEck_SOL_ETFS #BinanceTournament #BinanceTournament #LayerZero
He paid 10,000 $BTC for 2 large pizzas.
Now it's worth $600 million, but what about the guy?
Here's how his life has changed after this deal🧵👇
2010 / 18 May / 12:35:20 AM
On the Bitcoin Talk forum, Laszlo Hanyecz reached out for help:
"I will pay 10,000 bitcoins for a couple of pizzas… like maybe 2 large ones."
2010 / 22 May / 07:17:26 PM
A British man took up Hanyecz’s offer and bought the two pizzas for him in exchange for 10,000 $BTC.
"I just want to report that I successfully traded 10,000 bitcoins for pizza. Thanks jercos!" - Laszlo wrote.
And the story began...
Since 2010, the crypto community has come together annually on May 22 to celebrate "Bitcoin Pizza Day".
It serves as a reminder of the humble beginnings of $BTC and the incredible journey it has undertaken.
But what about Laszlo Hanyecz?
Career.
Laszlo continues to work in the field of programming and technology.
Given his ability with Bitcoin mining and blockchain engineering, he must have received multiple job offers.
"I bought two pizzas for $700M..."
Laszlo does not regret his decision to spend 10,000 bitcoins on pizza.
He says at the time it was an experiment and a way to demonstrate that crypto can be used for real TXs.
And this purchase helped raise awareness of Bitcoin and contributed to its development.
The HODL mode
Laszlo continues to be an active member of the crypto community, and a $BTC holder (who knows).
Sometimes, he also shares his experience and views on the current situation in the world of crypto.
BTW, Hanyecz is still seen walking in Bitcoin conventions, events, presentations, and podcasts.
#IntroToCopytrading #VanEck_SOL_ETFS #BinanceTournament #BinanceTournament #LayerZero
FTX is going to redistribute $16 billion in July.
The question is where will that money go?
Some people say it will flow into Solana.
Others say it will be cashed out.
It's never an either/or situation.
Some people will pull out, some people will put their money back in.
If they put it back in, it could go anywhere.
All we know for sure is that FTX owes $16b soon.
#US_Inflation_Easing_Alert #MiCA #IntroToCopytrading #ETH_ETFs_Approval_Predictions #MtGoxJulyRepayments
The question is where will that money go?
Some people say it will flow into Solana.
Others say it will be cashed out.
It's never an either/or situation.
Some people will pull out, some people will put their money back in.
If they put it back in, it could go anywhere.
All we know for sure is that FTX owes $16b soon.
#US_Inflation_Easing_Alert #MiCA #IntroToCopytrading #ETH_ETFs_Approval_Predictions #MtGoxJulyRepayments
This is Jimmy Zhong
This guy made $3.4 billion and hid it in a Cheetos popcorn tin
Just one mistake, and he lost EVERYTHING
Here’s his story 🧵👇
In 2012, Jimmy Zhong discovered a flaw in the code of Silk Road, a darknet marketplace for drugs with transactions in BTC.
This flaw netted him 51,680 BTC. However, the FBI was on the hunt for these funds.
For over a decade, Jimmy lived a lavish lifestyle and successfully concealed that these bitcoins were his.
However, due to his own mistakes, FBI eventually uncovered the truth.
The government seized all his funds, and Jimmy ended up in prison.
Having studied the entire situation, it's hard for me to say whether he's guilty or not. But the story is fascinating and very instructive 👇
While browsing a programming forum, Jimmy came across a post about a new digital currency called Bitcoin.
Being skilled in programming, he recognized the potential of this technology.
Jimmy became one of the first to start mining BTC on his laptop.
Jimmy couldn't make a substantial profit and forgot about his bitcoins until 2011.
By then, their value had risen to $30 per BTC, but Jimmy had lost his wallet.
He decided to become an active participant in the Bitcoin community.
He created an account on Bitcoin Talk, using a pseudonym inspired by his dream car — the Mercedes-Benz 300 SD.
Jimmy also developed an interest in gambling and created his own website, earning money from paid users
More importantly, he managed to recover most of the coins he had mined in 2009
He threw parties every week, getting drunk until he passed out, and this went on for six years
As an active internet user, Jimmy learned about Silk Road, the notorious site for trading drugs with bitcoins
Within a year after this mistake, the police conducted searches in his homes.
During a search of his lakefront mansion, they found $700,000 in cash and 25 Cassius coins worth 174 BTC.
But the most surprising discovery was a Cheetos popcorn can, which contained the computer holding all of Jimmy's bitcoins.
#US_Inflation_Easing_Alert #MiCA $BTC
This guy made $3.4 billion and hid it in a Cheetos popcorn tin
Just one mistake, and he lost EVERYTHING
Here’s his story 🧵👇
In 2012, Jimmy Zhong discovered a flaw in the code of Silk Road, a darknet marketplace for drugs with transactions in BTC.
This flaw netted him 51,680 BTC. However, the FBI was on the hunt for these funds.
For over a decade, Jimmy lived a lavish lifestyle and successfully concealed that these bitcoins were his.
However, due to his own mistakes, FBI eventually uncovered the truth.
The government seized all his funds, and Jimmy ended up in prison.
Having studied the entire situation, it's hard for me to say whether he's guilty or not. But the story is fascinating and very instructive 👇
While browsing a programming forum, Jimmy came across a post about a new digital currency called Bitcoin.
Being skilled in programming, he recognized the potential of this technology.
Jimmy became one of the first to start mining BTC on his laptop.
Jimmy couldn't make a substantial profit and forgot about his bitcoins until 2011.
By then, their value had risen to $30 per BTC, but Jimmy had lost his wallet.
He decided to become an active participant in the Bitcoin community.
He created an account on Bitcoin Talk, using a pseudonym inspired by his dream car — the Mercedes-Benz 300 SD.
Jimmy also developed an interest in gambling and created his own website, earning money from paid users
More importantly, he managed to recover most of the coins he had mined in 2009
He threw parties every week, getting drunk until he passed out, and this went on for six years
As an active internet user, Jimmy learned about Silk Road, the notorious site for trading drugs with bitcoins
Within a year after this mistake, the police conducted searches in his homes.
During a search of his lakefront mansion, they found $700,000 in cash and 25 Cassius coins worth 174 BTC.
But the most surprising discovery was a Cheetos popcorn can, which contained the computer holding all of Jimmy's bitcoins.
#US_Inflation_Easing_Alert #MiCA $BTC
I have taken a serious interest in $TON for the remainder of this cycle. It feels a tremendous amount like early $SOL last cycle.
I have acquired some spot $TON & am going to be on the prowl for meme coins & high beta plays to swap into. Let me walk you through it quickly...
👇
- When asked "How I think the next 100 million people get onboarded into crypto?" I have always responded with "Probably through Apple/Android/Google pay."
- These phone companies have the power to place crypto into the hands of billions of people overnight... Telegram has over 900 million monthly users. I am viewing our smart phones as an L1 & Telegram app is like an L2 test pilot for these smart phone conglomerates.
- Stablecoin MC on $TON has been up only since last month. Stable coin MC & L1 price have a positive correlation. I expect this number to keep growing rapidly this quarter.
I'll let you know what high beta $TON shitters I can find to ride through this cycle. If you know of any, please don't be shy & let me know. Ideally something that I can chart, but not 100% required in this instance because it's a young chain.
#US_Inflation_Easing_Alert #MiCA #IntroToCopytrading #VanEck_SOL_ETFS #BinanceTournament
I have acquired some spot $TON & am going to be on the prowl for meme coins & high beta plays to swap into. Let me walk you through it quickly...
👇
- When asked "How I think the next 100 million people get onboarded into crypto?" I have always responded with "Probably through Apple/Android/Google pay."
- These phone companies have the power to place crypto into the hands of billions of people overnight... Telegram has over 900 million monthly users. I am viewing our smart phones as an L1 & Telegram app is like an L2 test pilot for these smart phone conglomerates.
- Stablecoin MC on $TON has been up only since last month. Stable coin MC & L1 price have a positive correlation. I expect this number to keep growing rapidly this quarter.
I'll let you know what high beta $TON shitters I can find to ride through this cycle. If you know of any, please don't be shy & let me know. Ideally something that I can chart, but not 100% required in this instance because it's a young chain.
#US_Inflation_Easing_Alert #MiCA #IntroToCopytrading #VanEck_SOL_ETFS #BinanceTournament
$SOL is going to reach $1,335 — majority crypto VCs
It means that other ecosystem alts will skyrocket following Solana.
One week ago, GSR_io gave his own predictions on $SOL :
➜ In the worst case, *SOL 1.4x
➜ We're at baseline; reaching Blue Sky is just a matter of time
➜ Summer historically drags crypto down, but it takes off in autumn
Now, let me walk you through my 10x bets
👇
Tensor is the leading NFT marketplace on Solana.
Recently, someone swept MadLads NFTs for $700,000 via Tensor.
I expect more hype which will affect the $TNSR price.
Price: $0.73
Market cap: $1.13B
➬ PythNetwork | $PYTH
The project provides data for over 350 protocols, and most of them are Solana projects.
As with $JTO, its token price growth depends on SOL ecosystem growth.
A too obvious bet for getting 2-3x in the mid-term.
Price: $0.32
Market cap: $1.18B
$IO
Project collecting your unused GPU and selling it to AI companies rewarding you with $IO tokens
DePin project that benefits both suppliers and buyers
Such a project is set for mooning on this cycle
Price: $3.15
Market cap: $2.52B
Follow me for more tips 😎
#US_Inflation_Easing_Alert #MiCA #IntroToCopytrading #VanEck_SOL_ETFS #ETH_ETFs_Approval_Predictions
It means that other ecosystem alts will skyrocket following Solana.
One week ago, GSR_io gave his own predictions on $SOL :
➜ In the worst case, *SOL 1.4x
➜ We're at baseline; reaching Blue Sky is just a matter of time
➜ Summer historically drags crypto down, but it takes off in autumn
Now, let me walk you through my 10x bets
👇
Tensor is the leading NFT marketplace on Solana.
Recently, someone swept MadLads NFTs for $700,000 via Tensor.
I expect more hype which will affect the $TNSR price.
Price: $0.73
Market cap: $1.13B
➬ PythNetwork | $PYTH
The project provides data for over 350 protocols, and most of them are Solana projects.
As with $JTO, its token price growth depends on SOL ecosystem growth.
A too obvious bet for getting 2-3x in the mid-term.
Price: $0.32
Market cap: $1.18B
$IO
Project collecting your unused GPU and selling it to AI companies rewarding you with $IO tokens
DePin project that benefits both suppliers and buyers
Such a project is set for mooning on this cycle
Price: $3.15
Market cap: $2.52B
Follow me for more tips 😎
#US_Inflation_Easing_Alert #MiCA #IntroToCopytrading #VanEck_SOL_ETFS #ETH_ETFs_Approval_Predictions
