crypto herring

crypto terms simply explained

[Alex Cohen @anothercohen]

I’m so over constantly seeing this guy on my news feed

[Genevieve Roch-Decter, CFA @GRDecter]

FTX story is wild.

Here's what I found out so far.

🧵👇

[crypto herring @cryptoherring]

@GRDecter in September @sequoia published a glowing lengthy portait of SFB. Now taken down. Here is a copy: https://t.co/efNFJLh5FV well-written, informs on his EA (effective altruism) roots and his "risk-neutral" approach. Hits different now #ftxcrash #sbf_ftx #ftx

[Watcher.Guru @WatcherGuru]

UPDATE: #Solana says the exploit that led to 8,000 wallets being drained of more than $5 million is likely tied to Slope Finance.

[Watcher.Guru @WatcherGuru]

BREAKING: Nomad cross-chain bridge has been hacked with over $190,000,000 stolen.

[crypto herring @cryptoherring]

@envidadatatrack Do you already have potential customers willing to pay for this data?

[crypto herring @cryptoherring]

@envidadatatrack I understand this is based on Raperry Pi. What income do you expect per month for a single unit which is eg. active for 8 hours each day?

[crypto herring @cryptoherring]

@envidadatatrack How many of the 10,000,000 Tokens for 1€ each did you sell during the ICO?

[crypto herring @cryptoherring]

@rovercrc The first statement is quite bold. Any substantiation?

The second statement is as self-evident as it is useless if you do not know the "right" ones.

[crypto herring @cryptoherring]

"the funds are save" "you can withdraw it anytime" said Celsius CEO Alex @mashinsky on June 1, 2022 in an interview with @investanswers (https://t.co/dvmKbIdshA). That was only 12 days before pausing all withdrawals from Celsius. #scam #celsius #crypto

[crypto herring @cryptoherring]

Is Celsius a Ponzi scheme? Promising exceptional APY (up to 18%) is an alarm sign: A company able to generate such APY could simply take out credit itself and profit happily from the difference between interest and yield. No customers needed! #celsius #scam #crypto

[crypto herring @cryptoherring]

Takeaway: Question unusually high yields since they likely indicate high risk. Like in traditional finance, there is no free lunch in crypto space. Celsius shows strong signs of a Ponzi scheme #celsius #scam #crypto

[crypto herring @cryptoherring]

the remarkable and quite entertaining history of CryptoPunks can be found here: https://t.co/D9YBYu7sHA #nft #eth #blockchain

[crypto herring @cryptoherring]

The original CryptoPunks smart contract had a bug which allowed the buyer to get back his money! This led to a re-minting of all CryptoPunks NFTs and the little-known existence of the original v1 CryptoPunks (https://t.co/Kyml1cg13H) #nft #cryptopunks #eth

[crypto herring @cryptoherring]

CryptoPunks tokens can be wrapped as ERC-721 tokens at https://t.co/45lLFAms4g to become tradable at common NFT market places like #opensea or #rarible #nft #eth #cryptopunks

[crypto herring @cryptoherring]

#CryptoPunks: first broadly-known NFT collection on the #Ethereum #blockchain (launched on June 23, 2017). 10000 different 24x24 pixel images tradable at https://t.co/gofYZ8uLUB. The NFTs are ERC-20 tokens (the later ERC-721 standard was inspired by CryptoPunks) #nft #eth

[crypto herring @cryptoherring]

Hello @bitdegree_org, please replace on your page https://t.co/a76meTPM0p the non-existing "ERC-731" by "ERC-721". thx

[crypto herring @cryptoherring]

Interestingly, since ETH itself does not follow the Ethereum ERC-20 standard, there is a wrapped version of ETH, called wETC, which makes ETH available as ERC-20 token on the #Ethereum #blockchain. See https://t.co/xcSkv4SjUR for nice illustrations. #eth #weth #crypto #ERC20

[crypto herring @cryptoherring]

wrapped token: a token is wrapped to make it available on another blockchain. E.g. Wrapped Bitcoin (#wBTC) makes Bitcoin available as an ERC-20 token on the #Ethereum #blockchain. The value of #wBTC is the same as #BTC. wBTC is administered by the WBTC #DAO #ERC20