someOtherName

[someOtherName @code_image]

@asgardfi Godspeed

[someOtherName @code_image]

@gr3gor14n Congrats !!!

[someOtherName @code_image]

@degnsol Congrats !!

[someOtherName @code_image]

@zachxbt @a_greenberg @WIRED Time to start your own firm

[Cooper @justcuuper]

Go ahead, MAGA. Spin it. Why are 23 Nobel Prize winning Economists wrong and you’re right?

[someOtherName @code_image]

@ge0onchain Congrats !

[Seth Abramson @SethAbramson]

The right time to call what Elon Musk is doing on Twitter "election interference" is now.

He's posting data he knows is false to be seen by hundreds of millions—then ensuring it receives no Community Note. In a healthy democracy what he's doing would at least be a civil offense.

[Human☮🇺🇸🇺🇦🇺🇸🌊 @4HumanUnity]

.@elonmusk Let’s break this down one by one:

"If Trump is NOT elected, this will be the last election": This claim is alarmist nonsense, designed to manipulate emotions and undermine the fundamentals of American democracy. Let’s not forget that Trump, in his desperation, did everything in his power to steal the 2020 election after losing by over 7 million votes. He even called for the termination of the U.S. Constitution, a clear signal that his respect for democracy evaporates when things don’t go his way. Then there was his fake elector scheme, a brazen attempt to override the will of the American people and cling to power.

Let’s be clear: Trump is the one who threatens democracy, not the one to "save" it. His Project 2025 lays out a dangerous blueprint for consolidating power in ways that could undermine democratic institutions, centralizing control over federal agencies to serve his agenda. If there’s any risk of this being "the last election," it’s Trump who could make that a reality if given another term. That’s the real threat we should be concerned about.

"If even 1 in 20 illegals become citizens per year, that would be about 2 million new legal voters in 4 years": This is misleading. Undocumented immigrants cannot simply "become citizens." The pathway to citizenship is highly regulated, requiring lawful permanent residency (a green card) first, which can take years, even decades. Furthermore, there is no evidence of Democrats expediting this process for political purposes. Legal immigration and citizenship processes are slow, complex, and thoroughly vetted.

"Democrats are flying ‘asylum seekers’ into swing states to win elections": This is a conspiracy theory with no factual basis. Asylum seekers go through a rigorous process and are not automatically granted citizenship. Most asylum seekers take years to achieve lawful status, and even longer for naturalization. There is zero credible evidence of coordinated relocation efforts aimed at swing states to influence elections. Furthermore, asylum seekers cannot vote until they complete the lengthy naturalization process, which takes many years.

"America will become a one-party state": This ignores the diverse and evolving nature of American politics. Voters, including immigrants who naturalize, do not uniformly vote for one party. Factors like the economy, local issues, and shifting demographics all play significant roles. Republicans, for instance, have made gains with Hispanic voters in some regions, illustrating that voting preferences are not predetermined.

"This happened in California after the 1986 amnesty": Even after the 1986 amnesty, California remained politically competitive for years, and today Republicans still hold seats in Congress and statewide offices.

"California is an example of what will happen to America": This is an extreme exaggeration. California has the fifth strongest economy in the world. California’s challenges, such as homelessness or cost of living issues, are complex and cannot be simplistically tied to immigration or one-party governance. Many of these problems are seen in cities across the country, regardless of political control. Additionally, California has implemented successful policies in education, technology, and environmental protection that other states look to emulate.

"There are 9 million migrants eligible for naturalization": While the number of migrants eligible for naturalization may be accurate, it is misleading without context. Eligibility doesn’t mean automatic citizenship or immediate voting rights. The naturalization process involves a waiting period, background checks, interviews, and language and civics tests. Many eligible immigrants do not apply or take years to complete the process. Also, newly naturalized citizens do not all vote the same way, political preferences among immigrant communities are diverse.

In summary, this false conspiracy suggests that immigration policies are being weaponized to permanently alter the U.S. political landscape in favor of one party. The reality is far more complex, and American democracy is robust, not dependent on any one election or candidate unless Project 2025 is implemented if Trump wins this election.

Proof of Trump's Lies About the Heritage Foundation, Project 2025 https://t.co/mgYftI5bBp via @YouTube

[ZachXBT @zachxbt]

@USAO_DC @FBIWFO @IRS_CI @FBILosAngeles @FBIMiamiFL For more details about the investigation I have shared my findings below (footage from the incident, recovery amounts, luxury items purchased, etc)

[ZachXBT @zachxbt]

1/ An investigation into how Greavys (Malone Iam), Wiz (Veer Chetal), and Box (Jeandiel Serrano) stole $243M from a single person last month in a highly sophisticated social engineering attack and my efforts which have helped lead to multiple arrests and millions frozen.

[Zen0 @zen0m]

LFG! This has been brewing for some time... huge thanks to the @Claynosaurz team for involving me in such an iconic project. It turned out amazing. 🌋

[ZachXBT @zachxbt]

One of my best investigations of all time will be posted within the next 24 hrs related to an $100M+ incident.

[YupiG @YupiG_Crypto]

Some thoughts on @DeGodsNFT migrating to a token.

1. Innovation is cool
However, there's a thin line between innovation and trend chasing. It's good to try new things out, even if you weren't the one that made them, ie 404 token standard.

The issue arises when this line is overstepped, if you always try to do whatever is hot and relevant at the time, you will end up always being late.

I think this is pretty self explanatory and why DeGods are generally joked to be a meme marking the top when they move to something.

To their credit though, they have been able to have successful changes before.

2. Extremes are bad
On its peak, DeGods listened to the community a lot. However, Frank talked about how this was limiting because they weren't able to do what they want - which is a fair stance.

It appears the issue is now the opposite. Incredibly important decisions like this clearly weren't fully talked out with the community, as its obvious by the vast amount of 1/1 yoots or rare DeGods holders complaining about this publicly.

Which brings us to

3. There is a middle ground
The post Frank made addressing rarity, since this is the biggest point of discussion, although there's many other things in favor or against 404s.
Here, frank states
a) FP optimizes for the floors
b) Biggest narrative for NFTs was airdrops - this breeds entitlement
c) Reward OG culture is backwards, reward community
d) Rarity systems are too complicated and people would complain
e) If you hold a rare degod, buy $degod in the market to make up the difference.

I'll address these points one by one

a. Generally, yes. But funnily enough this wasn't really the case with DeGods and most of the top collections.
DeGods saw an incredibly rise in popularity and, as a byproduct, in floor price after their biggest whales paid 6 figures for the top rares in their collection.

Does floor price influence the price of rares? Absolutely, but this is not a linear relation, rares have always followed a floor price of their own, and their sales boost the floor price because it's a public display of confidence.

Don't believe me or don't remember this time in DeGods? Just look at Punks, they are the best example of this. A zombie, ape or alien sale is a boost in confidence in people, and ends up incresing the floor.

So while this statement is true for "shitcoin" NFTs, where people are only looking to flip, it is not for "cults" where people want to hold and buy the best.

b. Yes, there's not much else to comment here. A few collections were the outliers but this is generally correct.

Regarding the entitlement, this is the issue that stems from airdrops only rewarding floor holders - which are generally the ones with the less interest on holding for longer amounts of time. Nothing wrong with not wanting to hold a rare of course, but most of your diehard whales will be holding your rares.
In other words, it rewards what generally is, mercenary capital, that will obviously complain and want more.

c. This is probably one of the biggest issues not just with NFTs, or Tokens but with investing in general.

People expect to generate money by putting money in your project - could they do more than that? Sure, but that's generally not the case unless you're giving them a vested allocation.
That's simply how most VCs operate too.

My issue with this point is it's being used to draw a straw-man towards OGs, which in this case are referring to people who bought rares before as being people who do not generate value.
As discussed in point A, they do, in fact, generate value even just with buying.

Some even go beyond that, main one coming to mind is @FLC_FlooringLab who on top of buying rares and a lot of floor DeGods included DeGods at the top of the products they build for them.

I think implying they are not productive members of the community is very disingenuous and a perfect way to alienate them. This is further compounded by stating that they should go buy $degod instead to make up the difference, but that will be discussed in a moment.

I also fail to see how you can only reward "productive" members of the community while not reward holders. They are always gonna benefit no matter what you do, just by holding. That's the core of investing.

d. I fully disagree with this statement. I think the best example of a project that is doing a token and is still rewarding their whales and rare holders, aka the "ogs" would be @Azuki collector profile and badge system.

Is it not the simplest way? Sure, but it has found a way to directly reward grail holders with more tokens, and preserve the value the rares would have outside of just tokens.

For those unaware, your NFT generates points, more points being generated if it has the traits the community values and pays a premium for, to spin a gachapon, with 7 possible tiers of rewards where the probability of each tier is higher the more points you have as a collector.

This is not just my opinion either, this system has been praised by a lot of collectors and floor holders as a fantastic way to keep both sides happy. As anything, it has its flaws - mainly I would want them to let me make teams of just elementals or beans - but it's a happy middle ground for everyone who either bought before or is looking to buy now.

I'm sure there could've been a system in place, even if it was much simpler than the one from Azuki. There's no excuse for making 1/1 holders burn their NFT for the same value in tokens than a floor holder, it simply is not aligned.

I think the issue from here stems from from the title of this sections, it seems Frank doesn't think there has to be a middle ground. It's either no rarity or only rarity.

e. This seems like spitting on the grave of your biggest supporters. There's no world where you tell the people who spent 6-7 or even 8 figures buying DeGods, many of which are rare, to go kick rocks and buy more tokens if they don't like it.

I understand the feeling of expecting your holders to go above and beyond, and keep funneling their money towards buying, however you must remember that they did precisely that when they bought DeGods, whenever that was.

This stems from the "What have you done for me lately" mentality that is honestly incredibly toxic and, at least in my personal opinion, pretty disrespectful to holders.

The existing model of NFTs is communist.
l left this for the end because I think it's hilariously wrong and only used to rail people with no understanding of economics.

No, they are quite the opposite. NFTs at its core concentrate the vast majority of wealth on the rarest NFTs, who usually derive their value from scarcity and artificial value generated by the holders from such rare NFTs ie trait clubs. This is not what communism, or socialism is, at all.

On the other hand, one could make an argument of 404s being a way to make NFTs "communist". At its core you're reducing any barriers between rarity or eliminating the concept of created scarcity, you're standardizing every NFT as a single, identical unit with its value dictated by the overall holder collective. There's no rares pumping the fp dynamics anymore.

You're also transferring wealth from the rares and evenly distribute its value to every holder, regardless of their trait rarity. You tell me what this is called.

------

My disagreement with the general philosophy DeGods now have does not mean it doesn't make sense for them to do this. After all, their culture pivoted very strongly to the shitcoin meta, and it would make sense under those lenses why they'd decide to do this.

Only time will tell if it was right or not, I just wish there would've been more thought behind these rarity dynamics.

I also hold DeGods and have been an early support and contributor, minted back in the day—I hope this doesn't come as an outsiders critique for the sake of critiquing, I do hope it works out.

Would love to discuss with those who disagree as well.

[someOtherName @code_image]

@YupiG_Crypto @DeGodsNFT Very thoughtful take. And probably breaks most attention spans.

[ikaa @ikaanft]

The day has come, see you all for the opening later today! 💜

Check the thread for additional info and links

[LJ @luke_judges]

I run an independent Solana validator that has never received stake from the Solana foundation delegation program.

[Turnt Up Dylan (DKS) 💀👑 @TurntUpDylan]

I'm excited to announce my role as an Advisor at @cubexch

I'll be leading the Solana NFT community initiative.

Founders, if you want to get your communities involved, DM me.

Being early to register is key.

Use my link to start earning 👇

https://t.co/u6Wv7e9nQH

[ali @0itsali0]

Minted 💚 Borpa

[someOtherName @code_image]

@degnsol Legend

[Arun @arun_14159]

People are blindly voting "for" on all the proposals due to herd mentality, and I feel there's a false sense of hope that supporting a proposal will get them more rewards. @JupiterExchange needs to hide the percentages on different options until the vote is concluded to stop this blind voting. Sharky was somehow able to win because of this, with the worst tokenomics I have ever seen. Now, it's this Reddit group. 🤦