SEC settled its first enforcement action involving PFP NFTs. SEC alleges each uniquely generated “Stoner Cat” itself to be a “crypto asset security in the form of a non-fungible token.” Mechanics of the offering were similar to most popular PFP projects. Some of my takeaways… /1
@SHL0MS Yeah, they seemed to have varying degrees of issues over the years as that method of construction produced significant variation of structural integrity. Even with the very temperate climate of NSW Aust during construction. Government maintenance definitely a factor for them too
1/ It’s time we take a deep dive into how @cryptomanran@crypto_banter have continuously lied to their audience by using them for exit liquidity to dump low tier private sale allocations
He claims they have an ethics policy they abide by but I will show you how it’s not the case
Nearly $100M has been spent on gas for the BAYC land sale in one hour. This is money that could have gone to Yuga or stayed in user's pockets.
The contract had nearly zero gas optimizations. I'll explain a few gas optimization tricks that could have saved many millions below 👇
Found an ETH address that bought hundreds of thousands of dollars of tokens exclusively featured in the Coinbase Asset Listing post about 24 hours before it was published, rofl
1/ The illusion of alpha
Arguably the biggest way I've seen good traders burn out is the never ending search for a unique edge in the market
But what if I told you that 95% of the time, alpha is an illusion. And furthermore, most traders look for it in the wrong places