Sharif Sakr

Reading old books to understand new machines.

[Sharif Sakr @shotsheriff]

Great to see @modenetwork supporting @StableBattle - fun game with prize money powered by DeFi, and a top team behind it.

[Mode 🟡 @modenetwork]

4️⃣ Stablebattle

A medieval real-time mass PvP tournament game with a prize pool generated from onchain yields, introducing its own new DeFi category: Playable DeFi.

X handle ❯❯ @StableBattle

[Sharif Sakr @shotsheriff]

Ethereum is already becoming become an important part of mainstream finance via tokenisation - starting with tokenisation of the dollar (already at $90bn). This video is a quick and accessible summary...

[Taiki Maeda @TaikiMaeda2]

At the @SohnConf, @nshalek of @RibbitCapital made an investment pitch for $ETH in front of institutional investors.

He discussed tokenization, DeFi, stablecoins, upcoming ETF, and ETH's potential for an emergent store of value.

Here's the must watch 7 minute clip:

[₿R Capital @brcapital_fund]

Even the most basic BTC-Stablecoin liquidity pools are delivering average yields of 20% thanks to healthy levels of DeFi activity. Plus, with new projects like @bouncebit, @build_on_bob, @MezoNetwork on the near horizon, the role of Bitcoin in DeFi is looking stronger than ever.

[Sharif Sakr @shotsheriff]

Nice airdrop inbound - from one of the best web3 games around

[StableBattle.io 🏰🐴🍺 @StableBattle]

📅 Bookmark the day - on April 18th StableBattle will open an NFT airdrop campaign for 72 hours.
⚔️ Stay tuned and wait for announcement!

[Sharif Sakr @shotsheriff]

Recommended reading: the latest annual report from @brcapital_fund, covering milestones hit and opportunities ahead in #bitcoin and #Web3 in 2024: https://t.co/q8lSndXHwD

[Michael Saylor @saylor]

FASB has officially adopted Fair Value Accounting for #Bitcoin for fiscal years beginning after Dec 15, 2024. This upgrade to accounting standards will facilitate the adoption of $BTC as a treasury reserve asset by corporations worldwide. https://t.co/4GOuji6cr0

[Sharif Sakr @shotsheriff]

It’s entirely possible that the €Euro will take its “last gasp” before Bitcoin does. Regional political backing is less of a guarantee than the internet. https://t.co/KH5D5rfdFP

[Eric Cryptoman @EricCryptoman]

@cz_binance Your contributions to benance will never be forgotten king

[Sharif Sakr @shotsheriff]

Congressman: Suppose I were to purchase a Pokémon card, would that be a security transaction?

Gensler, SEC: If you're purchasing a Pokémon card at a retail store, that's not a security.

Congressman: If I were to purchase a tokenised Pokémon card on a digital exchange...

[Rep. Ritchie Torres @RepRitchie]

I cross-examined @SECGov Chair Gary Gensler about the term 'investment contract', which is key to determining his authority over crypto.

Gensler struggled to answer basic questions like whether an investment contract requires a contract. His evasions are deafening and damning.

[Kaiko @KaikoData]

#USDT hit an all-time high market share on BtcTurk amidst a contentious election and $TRY sinking to a new all-time low against $USD

[Sharif Sakr @shotsheriff]

We're at a low point in the history of central banks. Here's an evidence-backed takedown of the latest theological absurdity to come out of the @bankofengland priesthood: https://t.co/Xv9mlpdFCE

[Sharif Sakr @shotsheriff]

I’m at a crypto meetup in #Tbilisi, Georgia! There’s a big community here of merchants, exchanges, startups and developers, all living in a city where crypto transactions are already ordinary. Nice to see @BinanceBCF doing projects outside the capital too.

[Sharif Sakr @shotsheriff]

@OdysseyCreator is shaping up to be a very different kind of creator-friendly metaverse. For a start, you don’t have to buy land or NFT objects to build on the land. https://t.co/8kGVXkHdyp

[Sharif Sakr @shotsheriff]

1400 player deaths in a single hour, which is an outlandish mortality rate. But 85% players came back for more than one match. ⚔️ #GameFi #gamedev #p2e #BUIDLing #madewithunity

[Sharif Sakr @shotsheriff]

Unexpectedly strong traction for the first @StableBattle mass PvP tournament - the first playable (fun) blockchain game with self-sustaining prize money mechanics. Thread with key stats... https://t.co/rOPzYESpeI

[Sharif Sakr @shotsheriff]

The biggest single prize money pay-out was $46. It's not the amount, but the thought that counts! Once competitive players experience this, how will they go back to games that drain cash and give nothing back?

[Sharif Sakr @shotsheriff]

@AdamCai15 What's the relationship between @VirgoCX (founded by Adam Cai) and @VirgoX_Exchange (also founded by Adam Cai)?

[Sharif Sakr @shotsheriff]

Proud to announce the first @StableBattle alpha mass PvP tournament tomorrow (Sunday)! Here's a quick explainer of what makes the game special and how to access the tournament: https://t.co/egh4t5WV1i

[Sharif Sakr @shotsheriff]

3/ Short-term market sentiment in response to macroeconomics and other news. Such sentiment is also a key fundamental for the price of gold. (Although Bitcoin is arguably a more efficient and mainstream 24/7 indicator, while also having the other fundamentals listed above).

[Sharif Sakr @shotsheriff]

Three fundamentals of Bitcoin price, hopefully useful for @BloombergTV commentators and others who say there are no such fundamentals:

[Sharif Sakr @shotsheriff]

2/ Medium-term utility for generating yield (akin to “interest”) from other people's use of the Bitcoin blockchain, eg by using your BTC holdings to support the #LightningNetwork for cheap, rapid, bankless payments. (I think Ethereum is further ahead on this.)