more thinking out loud:

For most people, this loan just looks like a typical loan. About 50% LTV on an NFT (last sold Glyphs were 75-100 ETH)

But the full story is that this Autoglyph was bought for approx. 3 ETH last year

Is it 50% LTV or a temporary 10x?
There's also something to be said about how NFTs aren't just financial (and really interesting collateral), but they're also social capital
Because assessing my Twitter? That takes time (and it's shit anyway)

Assessing my writing? Takes even more time

I'd also be very screwed if Twitter and Substack also just decided to revoke my accounts - so what is irrevocable social capital worth?
Because my gallery will stand for all time, and it's quick and easy to assess*

10 seconds of appraisal > 10 minutes reading my [poorly-edited] writing

*I'm also relatively hella broke, so my gallery only has 2 pieces

My collection has basically been my degen score this entire time

The magic is that it only makes sense for those in the know, no system-generated number required

Guess that's been the biggest reason why I didn't want to sell my Beeple

Just didn't have the words to explain it until now

I mean, sure, it's a lot of money. If I thought $969 was a lot of money, whew, the floor price of Beeple right now is a LOT of money
But as I once struggled to explain, Beeple will do far better with his career than I ever could manage my money or "career"

So, what opportunities can owning a Beeple afford me?

(I swear, if I can never have to submit another fucking resume . . . )

Of course, that's blindly assuming that Beeple's trajectory keeps progressing positively

And I will acknowledge that it's a privilege that I neither need nor want the money

I may be dumb, but I'm not dumb enough to be losing money in a crypto bull market
And we still gotta see how "blue-chip" NFTs retain value in a bear market, right?

But as it stands, you literally don't have to sell your NFT, if you don't want to. Just go to @nftfi and temporarily exercise a few multiples of your original value

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More from @hackingmoneyph

5 Apr
Crypto's been pushing my code abilities because I've badly wanted stuff

So I'm going to compile the tutorials and tools that made things click for me, as a complete code noob
To start, @coingecko's importJSON tutorial

Beginner: automate pulling prices for your portfolio
Intermediate: pull prices based off of ticker…
Not a tutorial, but @Covalent_HQ x importJSON in Google Sheets is very self-explanatory and pretty magical (+ cross-chain)

Covalent docs:
importJSON script:…

(different from Coingecko importJSON)
Read 4 tweets

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