BACK TO FIRST PRINCIPLES
I've been in the Web3 Space for a long time, since 2020 in fact. I took a long hiatus and came back fully this year.
I've been exploring and I've understood that for me to grow in the way that I want to that I need to step back and.....
The Organisation of the KABAL in collaboration with our founder @KurryyKimber is hosting a #100DaysOfWeb3 program.
This is for everyone who needs the knowledge to build a sustainable career in the Web3 ecosystem.
Follow up in the comments
@Adikastakes He didn't do anything
Mo Salah fucked up and yes, he was past his prime last season. Because he's performing in Turkey doesn't change that fact. Ronaldo is performing for Al Nassr too
What is wrong with Liverpool fans and spending time in the past?
@ValerieUTD Both are efficient and complete in their own ways
If we're judging by basically dribbling now, why won't I say Neymar is more complete
The fact that Messi perfected his craft to such devastating perfection and use it to conquer the biggest stages in football makes him complete
@ValerieUTD This must be a joke
The fact that you learnt every "tool" in the box doesn't make you "complete".
It's whether you exert maximum impact and damage with the tools you have and use it to conquer the entire footballing spectrum in the biggest stages
That's what makes you complete
@matteodotsui In crypto currently, the relationship between tech and price is inverse
Good tech with utility = low token price
Tech with zero utility = higher token price
#100DaysOfWeb3
DAY ONE
Today it was all about blockchain terminology that I was already acquainted with. But of course, I learnt something new.
How do wallets, wallet addresses, and public and private keys work?
Follow-up in the comments
By order of the KABAL @KabalOrg
@KabalOrg What happens if you reveal your private key?
If your private key is revealed and obtained by folks familiar with cryptography, your funds is as good as gone
Because all they need to do is to find out the cryptographic mechanism used to generate the public key
@KabalOrg Your wallet address of a particular chain is also known as a public key
This public key is derived from your private key which is in turn derived from a seed phrase.
@KabalOrg Now
A wallet is just a software which enables users to view their balances stored on the blockchain.
That's the most fundamental understanding of it. Wallets are capable of doing more of course but this is their main purpose
Making life-changing money trading memecoins is becoming almost impossible.
Over 2 million memecoins launched across just 3 launchpads in the last 30 days.
Traders paid over $190M in fees.
And the numbers get even worse.
On Pons, 66.8% of tracked wallets lost money during its first month.
On Pumpfun, only 8.9% of tracked graduated tokens were still above their graduation price 24 hours later.
Then there's the issue of getting in early.
Pons charges buyers up to 99% tax in the first seconds of a launch to stop snipers.
But creators can exempt up to 32 wallets.
In 9 launches investigated by The Block, creators and their exempt wallets bought 82-86% of the supply almost immediately.
So you're competing against millions of new coins, traders who are already losing money, and insiders who can get in before you.
Meanwhile, the launchpads and creators are collecting millions in fees.
At this point, it seems more like we are only funding these launchpad and the people launching coins.
@degenBRO__ Like Zeus said
Find money, enter arena and trade
No free money in Web3 again
After doing a long awaited comeback and traversing the ecosystem for myself. Shit is so true.
Trading doesn't necessarily mean memecoins though. You can also trade coins with high liquidity