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Koshiek Karan

Follow @iamkoshiek

6 Mar, 14 tweets, 6 min read

Step by step guide on how to buy/ sell tweets

You're essentially minting a tweet, creating a NFT, transacting on the blockchain & settling payment in ETH

NFT is a non-fungible token

Fancy term for a digital certificate for intellectual property. Think of it like an autograph. Someone pays for your autograph and keeps it as an investment.

Your autograph (NFT) here is a digital certificate of your tweet.

What info is on the digital certificate?

The tweet remains on Twitter under your account. The digital certificate contains metadata of the original tweet.

Metadata = when you posted the tweeted, the time, contents, your digital signature from your crypto wallet

Here's the steps:

1. Verification & Tweet Listing
Login to v.cent.co/setup so Twitter can verify which tweets are yours

2. Set up crypto wallet
Add the metamask extension to your browser to interact with cryptocurrency metamask.io/download

3. Review & accept offers

@jack

1. Verification & Listing

Click 'login' and your account is now linked to Valuables. Now click 'browse' on the left hand side of the window.

You will see all tweets listed on the marketplace. Someone just bid $500k a @jack tweet

Paste the tweet URL you want to sell at the top

@cent

1. Verification & Listing (cont'd)

Once you post a tweet, you get a confirmation pop-up asking if you would like to sell the digital certificate to your tweet.

Once you click "tweet it", your get a unique tweet sales link like this one:
v.cent.co/tweet/13321833… @cent

2. Setting up Crypto Wallet

This is super quick. Download the extension at metamask.io/download. If you have never used MetaMask before - click "yes, let's get set up"

Transactions are in Ethereum (ETH). This will store the money you make.

3. You will start receiving bids for your tweets & can decide to accept them

Your cut?

Original tweet
You get 95%
5% goes to Cent

All sales that happen afterwards
The new holder gets 87.5%
You get 10%
2.5% goes to Cent

You get paid every time your certificate changes hands

That's it! Shout-out for making it to the end. Here's to securing the bag!

Valuables FAQ: docs.google.com/document/d/1kB…

We're heading to the point where every thought/ digital drawing/ insight can be encrypted, monetised and traded.

Digital intellectual property is the new autograph.

Whether it's used bath water, tweets or a digital piece of art. There's always a market
google.com/amp/s/www.thev…

There's a bidding war going one for Jack's tweet. It's now at $1.5m

Justin Sun is the same dude who spent $4.5m to have lunch with Warren Buffet. He runs BitTorrent & founded TRON (a crypto platform).

The bid for Jack's tweet is now at $2m

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More from @iamkoshiek

Koshiek Karan

@iamkoshiek

7 Mar

You can now become a millionaire selling your memes & digital art

How much would you pay for this digital character?
$2? $200?

Someone recently paid $2m. Yes, two million US dollars!!

This is one of 10,000 unique CryptoPunks digital characters which sold for $126m in total.

How much would you spend to own this GIF?
$6? $60?

This Nyan Cat GIF recently sold for nearly $600k

When you buy a piece of CryptoArt, proof of ownership is stored on the Ethereum blockchain. You own the NFT.

NFTs (Non-fungible tokens) are digital certificates for intellectual property.

It's the digital version of buying an autographed piece of merchandise.

Read 6 tweets

Koshiek Karan

@iamkoshiek

4 Mar

Bonds explained in 90 seconds! [Thread]

Wait, what's a bond?

Very simply, it's a loan.

Instead of borrowing money from a bank, a company (or government) will borrow from investors. So investors will give the company money & in exchange they get paid interest (called coupons)

Fancy term for the IOU is "bond issuance"

I'm an investor, how do the mechanics work?

Company sells you a bond for $100 and promises you 5% every year for 3 years. They also pay you $100 at the end.

Yr 1: $5
Yr 2: $5
Yr 3: $5 + $100

That's $115 (or a 15% return) after 3 years. Right?

The real return is closer to 10%

Read 15 tweets

Koshiek Karan

@iamkoshiek

2 Mar

Quarterly earnings reports are a catalyst in rewarding short term-ism, introducing volatility, soaking up management time & distorting strategic focus.

Against the lifespan of a company, 3 months is inconsequential, yetyou're expected to deliver a certain outcome.

You're facing return hungry shareholders & Wall Street analysts with massive expectations.

It's the equivalent of stepping on a scale every single day on a diet.

The worst part of short term-ism are the incentives that accompany it.

Many exec compensation schemes are tied to targets short term in nature.

Rewarded for a higher EPS?
Ah, let's go out & trigger a buyback

Rewarded for scale?
Ah, less do some value dilutive M&A

Read 7 tweets

Koshiek Karan

@iamkoshiek

28 Feb

The good side of debt. How using leverage & borrowed money can benefit you [Thread]

Debt is demonized thanks to many people using borrowings to fund consumption expenditure.

Borrowing cash to fund sneakers, savanna & sushi - bad debt. Using a loan to boost your company and increase revenue - good debt.

Debt as a source of investment capital can be powerful

If you purchased a house, chances you structured a leveraged buyout (LBO). You contribute a small deposit & use the bank's financing to purchase the house. You repay the bank across the next 20 years.

After 20 years, your house is worth more than you paid for it. An example:

Read 13 tweets

Koshiek Karan

@iamkoshiek

15 Feb

Few things worth keeping an eye on in the next few weeks:

1. Increasing US Treasury yields & 10-2 spreads
2. $TSLA as an indicator for sentiment
3. Retail investor volatility
4. Discounts on IPO issuances
5. M&A premia ++ volumes
6. Crypto adopting by institutions

1. Surging yields

COVID delayed inevitable reflation trade. Inflation expectations are ticking up. Will rising yields trigger an equity market sell-off? Probably not- such a deep disconnect between valuations & fundamentals

BUT it will suffocate the MANY overleveraged companies

2. Bets on $TSLA

Some WILD writing on OTM put options - folks banking premiums that could smoke them if it goes badly. Nobody thinks gravity will kick-in.... until it does. It's also a retail favourite which makes it a great indicator. $800bn is an eye watering valuation.

Read 8 tweets

Koshiek Karan

@iamkoshiek

12 Feb

You get a text from a friend saying there's a hot stock or crypto you NEED to buy now! Everyone is making racks!

Before you hit buy, check this out [Thread]

NEVER trade money you can't afford to lose

If you're willing to stake $100 - stick to it. As fun as it it to YOLO, it's considerably less fun to end up living under a bridge.

Impulse decisions to take a stock to the moon take seconds, recovering losses take MUCH longer🚀🚀🚀

By the time you hear about the hottest stock, it's usually too late

The most valuable commodity is information. A pump is most lucrative at inception. The profitability of information erodes as the stock runs.

Most retail investors are late to the party and late to leave.

Read 17 tweets

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