Discover and read the best of Twitter Threads about #safu

Most recents (23)

1/ I learned an important lesson in this cycle.

Saylor & Su Zhu have demonstrated that being a whale is irrelevant. They made the same rookie mistakes as a newcomer to crypto.

Sounds like me in 2014, just that they lost billions.

Was there no one to advise them?

A thread 🧵 Image
2/ During this bull run, Saylor explained that #Bitcoin cannot correct more than ~50% from the all-time high because "institutions are here".

I was skeptical because history proved otherwise.

So far, #BTC has corrected over 70% & may go lower!

Next 👇

3/ Su Zhu, the boss of 3AC hedge fund, lost $2 bil & may go to prison. He FOMOed into the Terra scam & believed #BTC can't fall under $24k

It was obvious that Terra was bound to fail & BTC could crash to $20k in a bear market.

How did they miss this? 👇

Image
Read 16 tweets
Many asked me about the markets today. We need to respect the market, with a level of caution too. It goes up and down in cycles. And especially the fact that it doesn’t always make sense. 1/4
We are in a new market, with many innovations. Algo stable coins is one of them. When they are hot, they are all the rage. When they drop, it can be a vicious circle. Some innovations will become successful, many won’t.
At the end of the day, we need to go back to fundamentals. Build real products, not reliant on short term incentives, or promotions, but with intrinsic value that people use.
Read 4 tweets
1/ Time to dispel the myths around #Terra / #Luna / #UST once & for all!

Is it decentralized? Is UST a stablecoin? Is it #SAFU?

What are the alternatives???

Are you with me?

Here's the thread you've been waiting for. 👇
2/ Before I debunk the most important myths about Terra, I suggest you check my earlier thread on this to understand the context better.

Ready? Let's start with myth number 1. 👇

3/ Myth number 1:

🚨 "Terra / Luna / UST is decentralized."

Verdict: FALSE ❌

I can explain, lets's look at the Terra / Luna network first and then UST. 👇
Read 21 tweets
With uncertainty around the market at the moment, one thing that has become clear is that every project must be properly evaluated before investing

Whether its #DeFi #NFTs #Launchpads or some #Shitcoin plays

200% is the new 10x

How to properly evaluate a project
A thread 🧵
The team: this is really the most important. Most projects have anon team, and that's okay.

Look at their credentials. Past records & present involvement(s)
Pay attention to what they have said and how they live up to it.

Expertise and drive is what you want to see
Tokenomics - How many times have we seen great ideas + great team with bad tokenomics? Most of the "#Metaverse" and "#GameFi" projects have failed due to bad tokenomics.

If there are <5% tokens in circulation at launch and the rest unlocked in <4 years, that's bad!
Read 7 tweets
"Wen staking?"
"Q1 has over, but why is staking not released yet?"

We understand some of you might be frustrating as you can't put your $AVG token to work yet, mainly through staking, and we sincerely apologize for the delay.

"But why the delay? What's next?"

Let us explain🧵
2/ First of all, we would like to thank everyone for the continuous support of Avocado DAO and the project's development.💚

We planned to release $AVG staking initially within Q1 2022, which has been communicated transparently to the community.
3/ However, due to unforeseen circumstances, our contract audit was delayed.

Regarding the recent security breach on @Ronin_Network, our team had second thoughts and decided to appoint a more established and reliable Industry-Leading auditing firm to audit our staking contract.
Read 11 tweets
It's #HillfortsWednesday and here’s the curiously enigmatic (and infrequently examined) prehistoric earthwork enclosures atop the wonderfully named Thundersbarrow Hill #WestSussex @sdnpa 😍

Pic © CACUP 1975 (BSR60) @CamDigLib @theUL

A short thread 👇👇👇
The subcircular Iron Age hillfort of Thundersbarrow covers 1.2ha with entrances at the SE and N

It encloses a 0.5ha subsquare Bronze Age enclosure with a barrow and Romano British village at the S + E

Plan: Robert Gurd 1932 © Sussex Arch Soc @sussex_society

#HillfortsWednesday
Thundersbarrow Early Iron Age hillfort sits brooding atop a low ridge at the southern slope of the chalk downs @sdnpa above the Sussex coastal plain and Shoreham-by-Sea

It's easy to spot once you know it's there

Pic Simon Carey 2005 CC BY-SA 2.0

#HillfortsWednesday
Read 13 tweets
Yesterday @SpyWolfNetwork had an #AMA with @PoorQuack. It turned out to be a session full of valuable information, which deserves to be spread further around.

So here we go! Slightly edited here and there to save some space. Enjoy the ride!

$POOR #PoorQuack #CryptoNews
Intro by Gyro Gearloose, [9-3-2022 19:08]:
@PoorQuack is all in one #Ecosystem where we are attempting to make it easier for #investors to #research crypto projects and avoid #scams whilst allowing holders to earn via #DeFi.

$POOR #PoorQuack #cryptocurrency #Web3 #Metaverse
We also have entered the #NFT space with our own #NFTcollection and all of these will have #utility within our own #Ecosystem.

The #NFTmarketplace V2 will be released soon and this will allow third party #NFTs like the #OpenSeaMarket.

nft.poorquack.com

$POOR #PoorQuack
Read 25 tweets
[THREAD🇫🇷] sur @cz_binance

🔸Présentation de Changpeng Zhao le fondateur de #Binance

❤️RT, Like si tu as aimé ce #thread Image
De la Chine au Canada :

🔸Changpeng Zhao dit « CZ » est né en 1977 dans la province chinoise du Jiangsu.
🔸Né en Chine, CZ a passé une partie de sa vie au Canada, après que sa famille y ait déménagé suite aux événements qui secouent le pays entre avril 1989 et juin 1989. Image
🔸CZ poursuit ses études à l’école, puis à l’Université de Montréal
🔸Afin d'aider financièrement ses parents, CZ se met a travailler dans plusieurs entreprises, telle que McDonald. C’est à cette époque qu'il commence à se renseigner sur le trading. Un premier pas vers Binance Image
Read 19 tweets
Okay anon, if you like @beefyfinance, @FantomFDN, and degen #FrenchChart , check out this strategy!

As mentioned in my thread yesterday on '12 Reasons Beefy Finance $BIFI Is An Undervalued Gem', this is a strategy you can use to get extra high apr's with your $BIFI.

Thread: Image
Step One: Bridge your $BIFI to @FantomFDN chain using @AnyswapNetwork , OR, buy $BIFI on @SpookySwap or @beethoven_x .

Step Two: Deposit your $BIFI in the Beefy.Finance-Fantom "BIFI Maxi Vault".

Note: Right now... (cont.) Image
..the apr is kind of low, but when $FTM starts going up in price again after this dip we've had, it should be comparable to the BIFI Maxi Vaults on other chains.

Step Three: Go to @QiDaoProtocol, which recently started accepting mooBIFI receipts as collateral. Image
Read 12 tweets
An eye opening reminder about the number of #Crypto Exchange hacks (2011-2021).

A Thread 🧵...
🔶 Mt. Gox (2011-2014)
Assets Stolen - 850,000 #BTC
Losses Recovered: Trial ongoing
Type of Hack: Database breached
🔶 Poloniex - 2014
Assets Stolen: 97 #BTC
Losses Recovered: 100%
Type of Hack: Bug Exploit
Read 19 tweets
This is how to recovery your trust wallet recovery phrase incase you forgot to write it down somewhere safe in the first place or you can’t remember them again. #crypto

RT for others to learn
Step 1: you need to open your trust wallet app and tap on settings

Step 2: in the settings screen you’ll see “wallets” at the top. Tap on it to display the wallets that you currently have.
Step 3: open the wallet settings

If you already have several wallets created, this is how it would look like.
To access the settings screen for the Wallet that you want to Backup, tap on the i symbol beside it.
Read 6 tweets
1/ Your feed is probably filled with it and it seems like everyone can't talking about it.

But what the juice is MEV?

In this thread I explain:
- MEV
- Why gas fees are so high on $ETH
- Sandwich attacks
- Dark Forests
- Flashbots
- And how all this relates to $AVAX
2/ MEV stands for Miner Extractable Value.

On Eth, each tx has a fee and miners can choose which tx's to put in each block in whatever order they want.

MEV is the profit miners can make by including or re-ordering tx's into the block they mine.
3/ E.g, say there's a $10,000 arbitrage opportunity on Uniswap.

A bot submits a tx for it with a $10 gas fee to the miner.

One of two things may happen:
1. Miner executes the transaction themselves.
2. Other bots notice the tx and offer a higher gas fee to frontrun that tx.
Read 17 tweets
People do not realize that no matter how much security you can do, your email account is the most vulnerable and usually it's the starting point of all attacks.

How to be immune to 99,99% of all hacking attempts. A quick short guide.
1) Never use the same passoword ever again - use a password manager, don't use a free one, use a paid one. I personally use Enpass
2) 2FA everything with an Authenticator.
3) In google account, print codes to keep on paper and remove any other recovery option besides codes
4) Make sure you delete "bypass using phone number" or if you have a recovery email address
5) DO NOT KEEP SENSITVE DOCUMENTS ONLINE, unless you keep them in a password protected vault (archive them with a 200 random char password)
6) See point 5
Read 9 tweets
-- #Crypto 101 - Beginners guide (Part 2) /2 --

Content in Part 2:
🔹What are STO's ICO's & IEO/IDO's?
🔹Crypto Regulations at a glance
🔹How do i get started buying my first Crypto?
🔹Basic day 1 Crypto investment strategy
🔹Is #BTC/Crypto a Bubble?
🔹Crypto Slang
🔹What next?
-- What are STO's ICO's & IEO/IDO's?? /18--

🔹#STO - Security Token Offering
🔸 An investment contract which is backed by the security token
🔸 Token is asset-backed and represents ownership
🔸 Like a digital certificate much like the real-world stocks and bonds
-- What are STO's ICO's & IEO/IDO's?? Cont'd /19--

🔹#ICO - Initial Coin Offering
🔸 Used to launch a service or product like a new #cryptocurrency token or an app
🔸 Similar to IPO (Initial Public Offering) which is used by a company to raise funds on the stock market
Read 16 tweets
$JUP @JUP_Project
Write up is finally ready - There is SO MUCH going on with this

TLDR:
$JUP is its own #blockchain
Fully encrypted version of #Whatsapp Launching 17 March
#NFT Marketplace TBC
US Gov Compliant
#Traceless Cash
Competitors between 4x and >1,000x Market Cap ImageImageImageImage
$JUP is more than just a low cap crypto project

The public team of 5 members has extensive experience in #blockchain and IT

Team info (Images below) gojupiter.tech/team/

@JUP_Project has been in development since 2016 and is compliant as a vendor to US Govt. at all levels ImageImageImageImage
Data on $JUP is always #encrypted and is #immutable basically meaning it is also #uncensorable

#fuckcensorship

$JUP #Blockchain #Mainnet is already live and they have a #bridge to transfer between Mainnet, #BSC & #Ethereum

#Crosschain functionality anyone? 👀 ImageImageImage
Read 19 tweets
Safeguarding funds + Account management 101.

Many of you are wondering if your funds on exchanges are safe (#SAFU anyone?). Here are some bullets for you, and how I manage my own funds.

I'll do more of these in the future :) Enjoy!

Time for a short thread! 👇

[1]

#btc #eth
Exchanges act like banks with the ability to buy and sell tokens and coins. The simplest example you could think of is you can go to your local bank, and exchanging $USD for your local currency. Now, what happens if the bank is on hold? (Vacation or completely shut down?

[2]
You end up waiting until the issue is resolved. Banks have reserves in order to cover their client's funds. Insurance funds that exchanges operate are more or less the same.

But you wouldn't trust the fund to be able to cover everyone now, would you?

[3]
Read 11 tweets
New update on #AlphaHomora: we have paused issuing new debts to the WETH-DPI farming pool in response to a potential security issue brought to us by @samczsun. You will still be able to farm with 1x leverage on WETH-DPI as well as on leverage on other Uniswap pools.
There has not been an attack. No funds are at risk, and we take security very seriously. The attack would have required the attacker to put up a lot of capital and cannot be done using flash loans.
While it is low-likelihood, we’ve decided to be on the safer side and disable issuing new debts on the WETH-DPI pool until further notice.
Read 5 tweets
True #DeFi #ecosystem development takes time, dedication and, most importantly, proper #Token incentivization methods.

Here's a thread from @shanghaipreneur about #crypto monetary policy

&

The $FNX strategy to bootstrap network effects.

1/23

medium.com/finnexus/finne…
@shanghaipreneur #DeFi is a movement - the collective vision of everyone all over the world working feverishly towards bringing about a viable alternative to the global financial system.

After all, it's a #brrrrr #brrrr world and, for now, we're just livin' in it.

2/23
@shanghaipreneur Like it or not, every #crypto project starts out as a central bank, like the Federal Reserve.

They then have to figure out how to #decentralize those roles. After all, they are creating a #token that powers their own micro-economy.

3/23 A Federal Reserve bank branch at night.
Read 23 tweets
#STEEM has successfully defeated the hackers & all funds are super #SAFU. @SteemNetwork and @steemit community is now stronger than ever since we united & solved the difficulties! Full details below👇
@SteemNetwork @steemit (1/9) On Feb 22, some malicious hackers froze 65 million #STEEM legally owned by Steemit, the core STEEM developers. When we found out, the hackers already hijacked STEEM & threatened to nullify the existing STEEM. We had a difficult choice.
@SteemNetwork @steemit (2/9) We double confirmed w/ lawyers & were told this was definitely a criminal activity from the hackers who froze over 10 million dollars worth of STEEM & threatened to destroy the assets. The risk of nullifying the #STEEM network puts every STEEM holders’ interest in danger.
Read 10 tweets
Unscheduled system maintenance. Trading paused. Working on it.
Funds are #SAFU. No need to panic.
One of the market data pushers had issues, matching engine was fine, no data loss or corruption (other than market data). Working on it. Should be fixed soon.
Read 5 tweets
Why you should move from BitMEX to BTSE. A thread 👇

1/ We use a next-generation matching engine which runs purely in memory. This eliminates the need for databases and speeds up transactions to sub-millisecond times. No frozen trades, no headaches.
2/ BTSE uses horizontal scaling, which means that we can upgrade our servers with 0 downtime. This is essential during bull markets when a lot of users sign up & log into their accounts, as the scalability issue gets resolved. People were buying Binance accounts in 2017? Ha!
3/ BTSE's servers are self-hosted, which makes us just as careless to @awscloud's unexpected crashes as this dancing honey badger. It's also great for data security and privacy.
Read 8 tweets
Although last night's Binance hack was an unfortunate event, it provides an excellent opportunity to highlight one of my favorite areas of the Crypto Archives: Vulnerabilities, Bugs and Hacks! 0/5

github.com/multicoincapit…
You'll be able to find Binance's announcement of their hack at the bottom of the Successful Hacks and Post-Mortems subsection, right alongside the details of The DAO Hack, Parity Multisig #1, and the EOSBet Transfer Hack, to name a few. 1/5

github.com/multicoincapit…
By collecting a single archive of all the successful hacks (and especially their post-mortems!) that our industry experiences, we hope to make it easier for the industry as a whole to learn and become more #SAFU. Please make pull requests to add any events we've overlooked! 2/5
Read 6 tweets
Brief reality check on what caused last 10 days of #bitcoin upside. Sure seems driven by #tether fear and people moving their money off #bitfinex $USDT (on a potentially bankrupt exchange) into $BTC and out to a safe place. Funds may not be #SAFU. Below #bfx to #bitstamp premium.
According to @thetokenanalyst, #bitfinex had net #bitcoin outflows of 112,500 $BTC since #tether news broke. That's 620m USD roughly. Assuming #bfx data accurate it would be entire traded volume in BTC to stablecoins since then. Bankrun in slow-motion with no one around noticing.
Further point on this - I have never seen positioning in #bitcoin on #bitmex be so Bullish (ie 1.7x Longs/Shorts) but at the same time seen mex futures in such strong backwardation (ie discount to present). Means market really wants $BTC now, but in three months - not so much.
Read 5 tweets

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