TraderTom.eth

NFT researcher/expert, Chartered accountant and lawyer

[moritz @onchainmo]

What a week in NFT land 🤯

Here is everything you need to know in under 1 minute 🧵

[The Kobeissi Letter @KobeissiLetter]

New FDIC data shows Bank of America, $BAC, faces $100+ BILLION in bond market paper losses.

$BAC claims it's not an issue as they don't plan to sell.

Sound familiar? That's because it is.

Both Silicon Valley Bank and First Republic collapsed for this reason.

(a thread)

1/12

[Alex Finn @AlexFinn]

Is anyone else exhausted by Web 3 marketing tactics?

Hype, anticipation, announcements of announcements.

Then to buy a product you need to spend thousands of dollars and you don't even know what you're going to get

Imagine this scenario:

Apple is about to release the Apple Vision Pro

For months Tim Cook tweets "OMG you have no idea what's coming. I never let the holders down. Let me cook 😜 👀"

And then instead of holding a press conference like they normally do and telling you exactly what the product is, how it works, and how it will improve your life, they have a dutch auction starting at $3,500 and tell you nothing.

You put in your credit card and then they send you an unmarked box.

You open the box and hope whatever is inside is worth $3,500. And even then you have to wait months for whatever is in the box to have any functionality or use.

NOBODY would buy Apple products

Yet this is entirely how Web 3 marketing works.

They tease you with announcements of announcements of announcements then ask for outrageous sums of money and you pray whatever you get is worth anything at all. 90% of the time it isn't.

Why can’t NFT companies tell us exactly what a product is, show us the art, release the functionality/utility on day 1, then give us the price and allow us to make a decision if the product is worth the price?

We talk about mainstream adoption, then make all the consumers gamble thousands of dollars to get a product

I don’t think that’s how the mainstream wants to consume products

Might be time for a change

[Profit Snack @profitsnack]

Did Microsoft just win the AI race?

Microsoft just announced 60+ Bing plugins that will be added to Windows

Which one are you looking forward to?

[TraderTom.eth @TomSimic]

@LambolandNFT Great thread, never forgave CloneX for the MNLTH drama - I lost so much in this and lost all respect after the way the handled it

[Moritz Kremb @moritzkremb]

Google Bard just got a massive upgrade.

ChatGPT is now falling behind.

Here are 10 things you can do with Bard that aren't possible with ChatGPT:

[moritz @onchainmo]

If you enjoyed this thread, please consider to:

1. Follow me @moritz_web3
2. Like & Retweet the first tweet

(12/12)
https://t.co/Mxm9boOWnY

[TraderTom.eth @TomSimic]

@balajis @balajis great insights, curious to know whether this increase in millionaires includes homegrown, or is the migration of existing millionaires from overseas? We also have migration policies that are relatively picky in determining who we accept based on skill demand/expertise

[Balaji @balajis]

More evidence for Australia and New Zealand as the best of the West: they're successfully competing[1,2] with places like Dubai for global millionaires.
[1]: https://t.co/SSgR5cqWha
[2]: https://t.co/GoG5TVZmb5

[Balaji @balajis]

Did you know that Australia almost paid off its national debt? They got it down to 4.7% of GDP.

That shows it's possible.
https://t.co/nAzl1sXZzA

[Nathaniel Whittemore @nlw]

ChatGPT Code Interpreter is the latest " this changes everything" moment in AI.

A few days in and we're seeing data analysis, visualization, business strategy, academic research and paper writing & even basic video editing.

Here are 6 of the coolest examples so far 👇🧵

[Profit Snack @profitsnack]

@AskYourPdf If this tweet helped you, help someone out and RT this post! ⬇️
https://t.co/WgWD6ce50e

[The Kobeissi Letter @KobeissiLetter]

The US Treasury just said the US will default as soon as June 1st if the debt ceiling is not raised.

In January, the US Treasury took “special accounting maneuvers” to avoid default.

These maneuvers will no longer help.

Here's what happens if the US defaults.

(a thread)

1/7

[Profit Snack @profitsnack]

My favorite new AI tool RN

It's solved all of my 'what was the name of that movie where..." problems
By @twelve_labs

[unusual_whales @unusual_whales]

Deputy Defense Secretary Kathleen Hicks loses composure when pressed about government fraud, waste, and abuse.

[METAWIN.COM @MetaWin]

@Meta_Winners are running a 150 ETH competition.
At the time of this tweet that is a huge $282,277!

Its free to enter too! Simply click here: https://t.co/Z5eqeTwqNk

The competition will end and winner paid on May 16th 2023. Enter Now and Good Luck ! #metawin #winninginweb3

[Watcher.Guru @WatcherGuru]

JUST IN: Coinbase sues the SEC, seeking regulatory clarity for the #crypto industry.

[TraderTom.eth @TomSimic]

@y00ts_smile @y00tsNFT @y00ts_smile keen as to get some stickers for my Y00ts! DM me please

[Profit Snack @profitsnack]

ChatGPT Text-to-Video Plugin

You can now generate an entire video from a few words in ChatGPT!

By: @chillzaza_ and built on @Replit

[Watcher.Guru @WatcherGuru]

Weekly Recap

1) 🇫🇷 $10 trillion asset manager BlackRock Paris headquarters taken over by protestors.

2) 🇲🇾 Malaysia Prime Minister says there's no reason to continue to depend on the US dollar.

3) 🇸🇦 Saudi Arabia's Crown Prince MBS says he is no longer interested in pleasing the US.

4) 🇺🇸 Former President Trump says "our currency is crashing and will soon no longer be the world standard."

5) #Bitcoin whitepaper is hidden on every Apple MacBook computer running recent versions of macOS software.

6) 🇺🇸 US presidential candidate Robert F. Kennedy Jr. warns the Federal Reserve's 'FedNow' digital currency will result in financial slavery and political tyranny.

7) 🇺🇸 Bank of America, JPMorgan & other major banks subpoenaed over President Biden's family financial records.

8) 🇺🇸 Three US congressmen introduce 'Gold Standard Bill' to stabilize the US dollar's value.

9) Twitter updates its website logo to Dogecoin DOGE.

10) 🇨🇳 Chinese Yuan replaces US dollar becoming the most traded currency in Russia.

11) 🇨🇳 China to invest $39 billion in Malaysia.

12) 🇺🇸 US Treasury says decentralized crypto markets threaten national security.

13) 🇷🇺 Russia and India abandon Europe-dominated oil price, agree to use Dubai oil price benchmark.

14) Almost nobody paid taxes for crypto in 2022, Bloomberg reports.

15) 🇺🇸 Former President Trump says China will probably displace the US dollar as number one currency in the world.

16) 🇺🇸 FED official says Federal Reserve will need to raise interest rates above 5% and hold them there for a while.

17) 🇹🇭 Thailand opposition leader promises $300 crypto airdrop per citizen if elected Prime Minister in May.

18) 🇺🇸 Former President Trump's NFT sales have increased by 251% following his arrest.

19) 🇺🇸 Florida Governor Ron DeSantis says a Federal Reserve digital dollar threatens US financial freedom.

20) 🇺🇸 Arkansas passes bill to protect Bitcoin and crypto mining .