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Nelson and I talked when he minted the Satoshi 1/1 @the_cryptocards. He was ready for the release and won. I thought it was a big gamble to spend 3 ETH to get a wrapped card from a 2018 project. He just sold it for 51 ETH and a toad. Pay attention to the signs. #V1Punks 1/🧵
So, Larva Labs launched Cryptopunks with a V1 contract that had an oversight. Once minted, the punk you owned could be stolen. The buyer would pay your price, but the ETH was stored for the *buyer* to collect later, not you. Larva Labs patched it and released v2. 2/
v2 is the CryptoPunks™️ we know. This is what Larva Labs recognized as the official collection. V1 was out there in wallets, on the blockchain. At a time when these new things traded for a few dollars, why would you collect the un-tradable, broken first prints? 3/
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