Fomonaut 🧙🏽‍♂️

Cryptocurrency enthusiast. Proud student of the Taproot Wizards School! 🪄

[Fomonaut 🧙🏽‍♂️ @fomonaut]

@danielesesta @HeyAnonai wolf on ketamine, ticker $woke

[Taproot Wizards @TaprootWizards]

QUEST 5 REVEALED - HOW TO SECURE A TAPROOT WIZARD WL

we’re all broke in crypto. this is your chance to showcase your business savvy!

your mission: wear your wizard outfit, and make a video showing us how you’re planning to earn 0.2 BTC for the mint!

more details below 👇

[Fomonaut 🧙🏽‍♂️ @fomonaut]

@thedamnwhat @Dark_a1lon9 This will be discovered soon

[Fomonaut 🧙🏽‍♂️ @fomonaut]

@MoonBagBilly Wonder when people find out

[Fomonaut 🧙🏽‍♂️ @fomonaut]

@TheOG_General @quantumcats @pudgypenguins @OrdinalMaxiBiz @nodemonkes Quantum cats

[Leonidas 🧡 $DOG @LeonidasNFT]

Repost if you're ready to send $DOG to $1B!!!!!!!!! https://t.co/l4uDRXzQXo

[Fomonaut 🧙🏽‍♂️ @fomonaut]

@MasonVersluis Great video!

[Fomonaut 🧙🏽‍♂️ @fomonaut]

@robo99385908 @LCX_PRINCESS @gverdian And now she didn’t do a single post there to her 17 followers yet. Great marketing professionals lmao

[Fomonaut 🧙🏽‍♂️ @fomonaut]

@Legitcryptonerd They stopped communicating on Telegram, Gilbert told retail to sell and leave on Reddit and now this. I‘m starting to worry what comes next. Token not needed anymore?

[Fomonaut 🧙🏽‍♂️ @fomonaut]

@TaprootWizards

[Fomonaut 🧙🏽‍♂️ @fomonaut]

#NewProfilePic

[Fomonaut 🧙🏽‍♂️ @fomonaut]

@himorazi I made it with the shower but not showing up in the tool. Would be great if you could include me!

[Fiend @Fiend0103]

The ticker is:

$DOG GO TO THE MOON

[Fomonaut 🧙🏽‍♂️ @fomonaut]

Must read for everyone struggling. Trading can be brutal and drive you close to insanity but there is always a way to come back.
Thank you for your honesty @CryptoKaleo

[K A L E O @CryptoKaleo]

I lost around $500K last week.

I want to share the story rather than hide it so hopefully a few of y’all who are going through something similar can learn from it, and maybe also help keep a few of you who haven’t experienced a big L yet from doing the same thing.

It started with several big wins riding the market up the last month. I had good discipline with where I was building my positions, what my stops were, overall game plan, etc. on the front end. As the pace of the market picked up, a few things happened:

1.Rather than taking a bit of profit riding the positions up, I doubled down and continued to size them up.
2.I began opening new positions in names where I felt FOMO, but not as much conviction.

Both of these things work fine on the way up, but when the market starts to tilt the other direction, you lose X amount more.

3.I hadn’t had a run like this in a while. I was so obsessed with managing what I had, I stopped sleeping. The more sleep deprived you are, the worse your decision making is.
4.I began to throw risk tolerance out the window, and used *where I was* when I was up as my new standard for where I felt like *I needed to be* when I was down. So after taking an L, I would size up to a point completely outside of my risk tolerance and make poor decisions because of it.

At this point, I was fully tilted. I wasn’t thinking rationally. My emotions had taken over.

5.I felt insane FOMO because of where Bitcoin is, and how bullish I am on where we’re heading over the next couple of years.
6.I felt embarrassed if I wasn’t able to claw out of this, because of the size of my account, the number of followers I have, the highs of where my account has been in the past and how successful some of my friends on here are.

I started selling positions I didn’t want to touch to get more capital to try and fight my way back. E.g. I sold my initial ARENA airdrop, which thankfully is only 15% of my total allocation, but it’s still so early in its lifespan and I’m so bullish on where it’s headed it hurt to touch it. It’s also a stake in a community, where although you believe you are doing it for the right reason at the time (your mind tilt justifies if you don’t do it, you won’t be able to have the $ you need to support them the way you want to) it comes off as a lack of belief in the project and community (which it isn’t). It’s only when you’ve had a bit of time to decompress and get untitled that you realize just how stupid you were.

When it’s all said and done, I was completely humbled by the market, again.

The issue is this a recurring theme for my time on here. Hard and fast runs up, followed by even harder and faster falls down.

I came across a passage in the end of the book of Job in the Bible recently where after Job has lost EVERYTHING he humbles himself before God and acknowledges he’s nothing without Him. He trusts His plan. And it follows by saying “And the Lord restored the fortunes of Job, when he had prayed for his friends. And the Lord gave Job twice as much as he had before.”

It made me realize I have been trusting my own plan for far too long. Every up and down I’ve ever had, I’ve been able to tell myself it’ll be alright because I have the ability to turn nothing into something via trading. In the pursuit of this, I have sacrificed so much. I haven’t worked nearly as hard at other things because I’ve been so focused on this singular purpose, that in essence has trended toward degenerate gambling.

It’s time for a change.

(Continued below)

[Taproot Wizards @TaprootWizards]

1️⃣ ENTER THE SPELLVERSE: https://t.co/tR1qT4KCfT

2️⃣ reply below and show us what you find!

[Fomonaut 🧙🏽‍♂️ @fomonaut]

@TaprootWizards Good memories! 🚿

[Inscripedia @Inscripedia]

Season 0 - Casey’s collection is about to go live

Here's an overview of the collection

A 🧵👇

[Fomonaut 🧙🏽‍♂️ @fomonaut]

@udiWertheimer Nobody wants a taproot wizard but I would take one if it can’t be avoided

[Fomonaut 🧙🏽‍♂️ @fomonaut]

@BITSAVADOR @quantumcats Protect and Liberate! #TeamOPC

[BitSavage 🔮 Alkamon Trainer Building Alkanes 🧪 @BITSAVADOR]

@quantumcats
Let's dive into the world of OP_CAT, a primitive code with the potential to reshape how we interact with cryptocurrencies. As a Bitcoin enthusiast, I believe OP_CAT could be a game-changer for mass adoption, but let's explore the details.

Understanding OP_CAT:OP_CAT is a primitive code in Bitcoin that introduces unknown consequences, making it crucial for extensive testing before going live. Questions arise about why Satoshi removed OP_CAT and whether the risks outweigh the benefits. One major concern, value overflow, has been addressed by restricting data push size to 520 bytes. Developers need to decide if enabling primitive codes or opcodes with built-in primitives (e.g., OP_VAULT) is the way forward. Evaluating the risk-reward ratio is essential, with some arguing that the benefits of OP_CAT outweigh the risks. However, it's unanimous that more testing is needed to minimize potential security risks before implementation.
OP_CAT and Bitcoin Covenants:Now, let's explore the exciting possibilities OP_CAT brings to the table. The OP_CAT opcode in Bitcoin opens the door to covenants, a type of smart contract that can restrict transactions once funds are sent to an address. These covenants allow for on-chain spending delegation, security against malicious transfers, validity rollups, and even estate planning.

On-chain Spending Delegation: Imagine a unique asset tied to spending conditions in a covenant, allowing transfer of ownership without changing the main funds—creating a secondary market for this unique asset.
Security Against a Malicious Transfer (Moser-Eyal-Sirer Vault): A covenant that ensures Bitcoin in a vault can only be withdrawn through a two-step procedure, providing security against unauthorized transfers and creating a battle between the rightful owner and a malicious actor.

Validity Rollups on Bitcoin: With additions to opcodes, validity rollups can be built, allowing BTC to move between mainnet Bitcoin and rollups with trustless bridging.

Estate Planning: Covenants can be set up to send BTC to a vault, with restrictions on subsequent transfers only to select family members, creating a unique way for estate planning.

OP_CAT and Decentralized Exchanges:One of the potential use cases for OP_CAT is building a decentralized exchange (Dex) on Bitcoin with advanced capabilities. How could OP_CAT help improve a decentralized exchange?

Customization of Atomic Swaps:Situation: You want to swap Bitcoin for Litecoin on a Dex.
Goal: Add a multi-signature requirement for extra security.
Current state: Atomic swaps using scripting elements like hash timelock contracts (HTLCs) are complex.
Solution: OP_CAT can simplify by concatenating different script fragments, enhancing security.

Smarter Orders:Situation: You want more advanced order types on your favorite Dex.
Goal: Introduce limit orders on the Dex.
Current state: Creating nuanced conditions involves complex scripting.
Solution: OP_CAT simplifies by allowing concatenation of script fragments for efficient conditional orders.

Privacy Options:Situation: Trading big and value privacy on the Dex is essential.
Goal: Use confidential transactions selectively.
Current state: Existing privacy features are challenging to customize.
Solution: OP_CAT enables users to concatenate conditions for confidential transactions, adjusting based on criteria.

OP_CAT: A New Tool for Bitcoin's Toolbox:Think of OP_CAT as a new tool for Bitcoin, allowing us to stick words together, make things shorter, and do smart stuff. It brings new tricks to Bitcoin, but like any tool, it comes with considerations.

Pros (Good Stuff): Enables creative possibilities, expands Bitcoin's capabilities, and opens avenues for smart contracts.
Cons (Not-So-Good Stuff): Using OP_CAT excessively might make things complicated, cause too much work, and even introduce mistakes. Changes should be implemented wisely to ensure a positive impact on the Bitcoin ecosystem.
In conclusion, OP_CAT is a promising addition to Bitcoin's toolkit, offering exciting possibilities for smart contracts, covenants, and decentralized exchanges. As a Bitcoin enthusiast, I'm excited about the potential mass adoption benefits OP_CAT could bring, but we must tread carefully, test thoroughly, and use this tool wisely to ensure a bright future for Bitcoin. Stay tuned for updates on OP_CAT and its journey in reshaping the world of cryptocurrencies! 🌐🔐 #Bitcoin #OP_CAT #SmartContracts #DecentralizedExchange #CryptoInnovation

OP_CAT RAP! Creatoors:

@ajicirtap
@fomonaut
@endybtc
@masimo_eth
@pack_man0
#TeamAlive is the way... #BTC📷 #OP_CAT_IS_ALIVE #opcat @TaprootWizards @udiWertheimer

SOURCES: https://t.co/9B2A10je3F
https://t.co/23UkQiNZ5G
https://t.co/fMtFSxJcT2