Arthur Copstein 🇧🇷🇺🇸

Building, investing, and trading #web3 | Patiently awaiting the singularity

[Cory Bates @corybates1895]

What do you call this phenomenon?

[Arthur Copstein 🇧🇷🇺🇸 @arthurcopstein]

Thanks @CryptoHayes that’s exactly what we did at @SuiNetwork and see how it worked!

[Arthur Hayes @CryptoHayes]

To all you shitcoin founders about to TGE. Work with your market makers and exchange partners to open the market at lower prices. This chart is ugly not cause the project is dogshit but bc the price is too damn high. Bring your users on a wealth generation journey with you.

[Tanssi @TanssiNetwork]

1/ 📢 Moondance Labs has secured a $6M strategic round to boost Tanssi’s appchain protocol development & team expansion 🔥🔥

⚡️🚀⚡️ Ready to pave the way for a successful mainnet launch later this year!

🧵 tl;dr in this thread.

Full announcement 👇
https://t.co/H5XSmWWv1H

[Luke Martin @VentureCoinist]

I simply pretend this $BTC chart does not exist.

[unusual_whales @unusual_whales]

38% of American adults were obese in 2023, up from 32% in 2019

[Autism Capital 🧩 @AutismCapital]

You can't diversify your way into wealth. You can't risk manage your way into wealth. When you have nothing, a 2x, even a 5x, isn't going to change your life. You have to take a big risk to get yourself started. That's what the Bitcoin people did, that's what the ETH ICO people did, that's what any early apostles of any financially incentivized product do.

Advice to diversify, when you have 100M+, makes sense, you want to preserve.

Advice to diversify when you are broke is irrelevant and incorrect.

You *must* take the risk, whether on some new chain, or by using leverage. But you must "bet it all" as many times as you can until you get a win big enough to put yourself in the game.

The people giving diversification advice now, once did exactly as we said, or they pre-mined a blockchain before launching an ICO.

Unfortunately, the knowledge that broke people are hopeful and risk tolerant is exploited by scammers/grifters so you must remain vigilant.

But it doesn't change the truth that at the beginning -- to enter the game, you must take the risk. Not diversify.

[toly 🇺🇸 @toly]

The only moat that counts is working harder and longer than the competition

[Arthur Copstein 🇧🇷🇺🇸 @arthurcopstein]

Running into some friends at the tailor @toly

[Psycho @AltcoinPsycho]

Project: our smart contract has been audited by the top 3 audit firms

The audit firms:

[Arthur Copstein 🇧🇷🇺🇸 @arthurcopstein]

@Rich_GSR Full support @Rich_GSR, it’s been a pleasure working with your team over the years!

[Sui @SuiNetwork]

🎉Sui's always-on, ready-to-use liquidity layer, @DeepBookonSui, just launched!

DeepBook is a public good that provides infrastructure that DeFi builders can tap into for liquidity, making Sui the easiest and most robust place to build DeFi apps. 💧

https://t.co/eS5Ai4XTL3

[Sui @SuiNetwork]

🎉The @bucket_protocol team has been hard at work and is now live on Sui. #WelcomeToSui

They're the team that also built GPTutor – a VSCode extension that supports Move and uses AI to help devs accelerate their smart contract development.

#BuildOnSui

[Vinod Khosla @vkhosla]

I can’t imagine having one life to live and spending it working at McKinsey

[Sui @SuiNetwork]

When it comes to Sui's performance, it's all about transaction processing.

Efficiency is the name of the game and our unique hybrid approach ensures that resources go where they're needed.

Read All About Transaction Processing on Sui!
https://t.co/QI4e56NAD5

[Arthur Copstein 🇧🇷🇺🇸 @arthurcopstein]

Super excited to announce the partnership between @SuiNetwork and @redbullracing! Over the coming years, they are going to redefine fan experiences and engagement. Stay tuned!

[Sui @SuiNetwork]

🤩Huge news: We’re officially teaming up with @redbullracing!

As the team’s Official Blockchain Partner, this multi-year partnership means that fans will have even more exciting ways to connect with Oracle Red Bull Racing. 🏎️

[SYNTHR @synthr_io]

SYNTHR is excited to announce that we'll be deploying on @SuiNetwork 🌊

🟢Users of #SUI get to access slippage-free, omnichain liquidity.
🟢SYNTHR will list sySUI/SUI on a partner #DEX on the network!

Any guesses which one? Drop 'em down for a surprise of the OG variety🐸

[otaku.sol🧵 @otaku_1996sol]

Why SUI over Solana ?

The main USP seems to be the concept of "dynamic NFTs".

Probably the same reason , why it's preferred for gaming as well (since it allows in-game assets to dynamically change faster compared to others)

[K A L E O @CryptoKaleo]

One year ago today:

- LUNA & UST were spiraling to zero, shedding a combined $50B in mcap
- Do Kwon was deploying more capital
- Bitcoin crashed from $35K to $30K
- FTX was still solvent (on paper)
- SBF was sending your $$ to Alameda so they wouldn't go under (yet)
- 3AC was fine (on paper)
- Celsius / Voyager were fine (on paper)
- BlockFi was fine (on paper)
- ETH was still POW
- CT was still semi-healthy because the STEPN ponzi hadn't collapsed yet

And despite all of that, you're still here.

The survivors of the bear market will be the heroes of the next bull market.

Keep grinding.

[Sui @SuiNetwork]

Sui's object-oriented design makes it easy to create dynamic NFTs that can provide real-world utility.

☕️Learn how attendees at the recent Taipei Smart Summit and Expo were able to exchange NFTs for fresh cups of coffee.

https://t.co/no7xiRgjOR

[Adeniyi.sui @EmanAbio]

https://t.co/py3bQ0WR2u

What happened?
Look at the txn above. Interesting impact for payments/commerce applications. 1 SUI was sent to each of 98 validators through a PTB transaction. This required taking a single SUI object as input and splitting off 98 new ones.

What did it cost?
The total cost of this transfer was 0.097833880 SUI = 1M MIST of computation fee + (98+1)*988,000 MIST new object storage fees - 0.99 * 988,000 MIST non-refundable storage fees. Meaning that each individual transaction cost 0.097833880/98 = 0.0009983 SUI. essentially what’s happening is that in the batched transaction, the computation fee of 1M MIST is split across the 98 transfers and each transfer pays its full storage fees.

Overview
From a naive interpretation, one might think that this does not buy much. If the transaction were done with a single P2P transfer it would’ve cost the full 1M MIST in computation plus the storage fees associated with touching two objects. So 1M + (1+1)*988,000 MIST - 0.99 * 988,000 = 0.001997880 MIST. This is about 2x as high as in the batched case so we got a 50% discount in each transfer 0.001997880 vs 0.0009983 which is cool but not groundbreaking.

Digging into the details
Here’s the catch: in a world where Sui has grown and is in steady state, the number of object creations and deletions should somewhat offset each other and new object creation nets out to roughly zero. In this world a payments processor would routinely sent transactions from A->B but also from B->A. So in this example, what this means is that the 98 objects that were created would probably come after 98 previous objects were deleted. thus leaving net object creation at zero. Under this more sophisticated interpretation the gains from batching are really high, because the comparison asks us to ignore storage fees:
-- a single P2P transfer would cost 0.001M SUI
-- a batched transfer of 98 objects as in this case would roughly cost 1M/98 = 0.000010204 SUI. a 100x decrease!!

TLDR:PTB transactions are awesome and very cost efficient.

credit this explanation to @alonsodegortari !!