1/x The Evolution of #Guilds
A thread on how #P2E Gaming #Guilds are transitioning. With the development of #GameFi 2.0 and growing base of gamers, guilds have to balance between incentives, sustainable growth of player base and building community (providing entertainment value)
I just had a profoundly depressing dinner with one of my friends in the crypto space. I can't say too much about who this is, other than that he's former military in a nation very friendly to the United States and someone who firmly believes in financial inclusion and fairness. Also hates crime and preying on the financially unsophisticated. Here are some quotes he let me share:
"This Treasury news is actually great news for the space. Projects will finally give up on US users, and the US to wall itself off and become a backwater. Good! I'm tired of everyone gimping the tech just because the US can't stand to have big banks lose their monopolies. We created the best tool ever for opening up capital markets and US regulators are like oh no, Jamie and David might not get their ninth mansions! Fuck 'em. The world will be better off with the US on the sidelines with how much they've been a negative influence in crypto. Don't even get me started on the whole AML regime, which solves close to zero crime but the US uses to spy on everyone."
"It's evil. If you wanted to think of how to fuck over the average person and make sure they were trapped inside monopolies that bleed them dry, [banning crypto] is how you would do it."
"Blockchains are much better for catching criminals. They are public! And permanent. Just a matter of time until we find the bad guys. And we do you know? Someone trying to stop blockchain? I wonder what their motive would be, you know? Makes you think. Wonder how much money US regulators and politicians are taking in bribes that moving it all on chain is so terrifying to them."
"People will be over the dollar. Everyone always talks about reserve currency this treasury debt that, but no. What matters is do people use it to pay for things? Does the money circulate? Now, with the US just blocking crypto, you're going to get Euros or something on a blockchain. No dollars. And the more blockchain, the more it gets used. Soon, everyone everywhere will just use that. Dollar will slowly die off on chain, and as more things go on chain, you never paid with dollars in the first place. US will regret it, but it's too late for that. Imagine having banned e-commerce from using dollars in 1995? Dinosaur things."
"Look, I know you keep talking about moving outside the United States, but maybe this will finally get you to do it, huh?"
To be clear, I'm not saying I agree with everything here, but I think it's important that we understand what the perceptions of our actions are becoming, especially abroad.
As a US citizen, it's depressing to see our country forcing the best talent offshore, causing founders to leave to go to other nations to build businesses, and giving away the foundational pieces of future technology. But this is where we are at.
I hope we change, but watching how things are unfolding, I am beginning to think we will look back at this in 20 years as the beginning of the end of US dominance of financial markets.
.@DiMartinoBooth is lighting it on fire this week in her weekly publication. Banks are so fucked, according to this chart they are $2.2 trillion underwater on their bond portfolios. Long Live #banktermfundingprogram the largest banking bailout in history!
Some people spend their entire life trying to blend in with the acceptable beta of a McKinsey Powerpoint deck, cover your bases
But all the alpha is in being raw, direct, and truthful even when inconvenient, uncomfortable, and vulnerable
son u dont understand
we used to have a middle class
people werent poor
u could be 100 iq, work in manufacturing, and live a comfy life and start a happy family
🧵How to value #NFTs:
There is no right way of valuing NFTs, but hopefully this can act as a guide for people who are looking to enter the NFT space, for both for Fun & Profit, as NFT are generally less straightforward as #DeFi, where #cashflow & #TVL can be a good proxy.
We are thrilled to announce the launch of #VovoFinance on @arbitrum Mainnet!
With that, the 1st ever DeFi Principal Protected Products were born today.
It is built by periodically collecting @CurveFinance yield to open high leverage trades on @GMX_IO.
https://t.co/c75HhS26ux
1/
Bridge from Cash/Fiat to @NEARProtocol. Frictionless onramps for newcomers, which will also benefit the NEAR ecosystem
https://t.co/5Y0ilqlcsc
L1 networks are also #processors, albeit in a more decentralised manner, where anyone can participate & earn a cut of the processing fee.
Forward Analytics is excited to announce our investment in Ascenders! We always seek to enhance the Web3 gaming experience and @PlayAscenders is a great platform for that! Additionally, this definitely boost the vibrancy of @avalancheavax ecosystem🔺
https://t.co/SHLROrRDk2
FUNDING ALERT!
We're delighted to announce a US$6.4 million private round investment Co-led by Paramount Capital, Three Arrows Capital, Sino Global Capital, and Merit Circle 🚀✨
Full announcement 🔻
https://t.co/PTHO2cns8t
@upbitglobal, the largest crypto exchange in Korea, will stop withdrawals to non-custodial wallets and global exchanges from Mar 25.
All Korean exchanges only allow transacting between Korean exchanges, not @MetaMask or @binance.
https://t.co/9AZ5kLlhub
🚨 $IMX @Immutable traffic growth.
"Probably nothing"
1/x
$LOOKS token has been doing very well ever since the airdrop. Just rotated $LOOKS into $IMX, since currently their #FDV is around the same.
$ETH gas fees damn too high, willing to bet on #Layer2 NFT marketplace
1/x The Evolution of #Guilds
A thread on how #P2E Gaming #Guilds are transitioning. With the development of #GameFi 2.0 and growing base of gamers, guilds have to balance between incentives, sustainable growth of player base and building community (providing entertainment value)