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Tascha Profile picture
@TaschaLabs
Aug 24, 2021 • 15 tweets • 6 min read • Read on X
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Ok, you've all convinced me this is an experiment that needs to be done. So here's the deal.

I'm going to buy a real diamond--> create a NFT for it--> list it on @opensea--> destroy the original diamond. I'll ping this tweet on my profile so you can track progress.

Stay tuned.
STEP 1: Create an @opensea account.

STATUS: Done.

opensea.io/collection/tas…
STEP 2: Buy a hammer for diamond smashing (Never smashed a diamond before. Hope this one'll do the job, or I'll need to find another way).

STATUS: Done. Image
STEP 3: Buy a diamond.

STATUS: Done.

Went shopping online and got this 1.32 carat rock 💎 for $5k. It's supposed to ship next Monday. Meanwhile you're welcome to marvel at its beauty on a conceptual level: natashache.com/gia-1/

Oh and the receipt: natashache.com/blue-nile-rece…
Just got the hammer & the bench block in the mail. That was fast. Hope the diamond 💎 delivery guy does an equally good job as Amazon. Image
How can a NFT project be complete without some generational family feud? So I put up a fight with my mother 🤪
Good news...💎Diamond LD15766346💎 ships today!

Says it'll come "in discrete packaging".

Hmm... didn't know diamond is actually a sex toy 🤔

But that's def not a feature included in the diamond NFT, in case you're wondering. Image
Those who shit on Bezos for throwing $ in space, not charities, don’t get it.

Without your ancestors throwing resources in seeming foolish experiments, you’d still be living in stone age.

You can be cynical & indignant abt the future. Or you can take the trouble to create it. Image
Guys, I need to upload 1 media asset to mint into the destroyed-diamond NFT. Which one do you like better?

1/ this 360' video of diamond LD15766346

2/ the GIA report image for said diamond (shown in comment)

3/ makes no fucking difference Tascha. both equally stupid
Here's image of option 2/ Image
STEP 4: Getting the diamond delivered in the mail

STATUS: Done

Fedex delivered the diamond I bought from Blue Nile at 10:12 AM US eastern time today.

Watch me receive the diamond and unbox it ✂️🎁💎

So excited for the next step 🤗

STEP 5: Figure out the floor price for the NFT.

STATUS: Done

Here's the reserve price breakdown:
STEP 5: Destroy the diamond

STATUS: see below

So I tried to smash the diamond w/ a hammer. Turned out 💎 was much tougher than I thought (also I really suck as a handywoman). Here's how it went down in the end.

This historical event happened at 6:13 pm US EST, Aug 31 2021 🎉
This FAQ video answers

1. What's the Destroyed-Diamond NFT?
2. Why destroy the diamond?
3. Why does the NFT have value?
4. How is this NFT priced?
5. How to destroy the diamond?

Recorded this b/f the diamond-destroying saga today. Little did I know...

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More from @TaschaLabs

Tascha Profile picture
Nov 23, 2024
How to improve trading strategies from first principles--

Many traders ask the wrong questions. They obsess over technical indicators and parameter optimization while missing the fundamental principles that determine success or failure.
A more powerful approach starts with understanding why a strategy works in the first place. Let's use momentum trading as a case study to demonstrate how asking deeper questions leads to better strategy development.
Understanding Why a Strategy Works

The foundational question for any strategy should be: Why does this approach have the potential to make money?

For momentum trading, the answer lies in market structure and information flow. When you detect the beginning of a price trend, you're identifying a supply-demand imbalance.
Read 17 tweets
Tascha Profile picture
Nov 22, 2024
The fight to control AI is a losing battle. What if the most robust solution isn't “containment”, but convergence?

Nature's own playbook shows us that human-AI merger into a new species may just be our destiny.

Here's why 👇 Image
1. The AI alignment debate today revolves around control and containment. We obsess over how to keep AI systems constrained—embedding human values, creating foolproof "off switches", etc.

The implicit assumption is that we must maintain complete control over AI development. Every major AI lab now has an "alignment team." Venture funds pour into startups promising to make AI "safe."
2. This containment framework is fundamentally unstable and unlikely to endure the test of time.

To understand why, let's examine what the history of our planet reveals about truly robust system design.

Certain systemic patterns have allowed life to persist on Earth through multiple mass extinctions and radical environmental changes over billions of years.
Read 33 tweets
Tascha Profile picture
May 19, 2024
Your investing strategy has a much higher Sortino ratio than Sharpe ratio, e.g. a Sharpe of 2 and a Sortino of 10. It's a common pattern in breakout/momentum strategies. What does it tell you?

Here are 4 key things to know:
1. Your gains are driven by positive skew. That means frequent small losses and fewer but larger wins, as tend to be the case with many momentum and trend following methods.
2. You cannot miss trades. Because your return is driven by large gains that only happen from time to time, if you miss one or more of those, your return profile may take a large hit. Vacation days can be rather costly.
Read 13 tweets
Tascha Profile picture
Jul 30, 2023
Web3 needs good regulation to save it from itself.

What good regulation looks like:
1/ I'm passionate about having good regulations in web3. The industry is too important not to.

On a macro level, web3 has potential to help the world solve its income distribution problem exacerbated by AI:
2/ Economies have long used labor and capital incomes as two dominant ways to distribute output to participants, typically along a 70/30 split. E.g, you may make 70% of your money from clocking time in an office and 30% from saving/investment gains.
Read 52 tweets
Tascha Profile picture
Jun 10, 2023
What would it take for crypto to have a new bull market?

The real answer nobody's talking about:
1/ When confronted w/ the "wen bull market" question, the most common answer you hear from crypto investors is "Once Fed starts printing again..."

Give me a freaking break!
2/ If central bank monetary expansion is such a non-negotiable for price to go up, how does one explain the fact that Nasdaq had 10% increase in month of May alone, while Fed balance sheet continued to shrink? Even Russell 2000, late to the party, had 6% uptick since June.
Read 35 tweets
Tascha Profile picture
Feb 13, 2023
How crypto market has changed in 2023-- 5 lessons from recent bull run:
1/ A closer look at the January mini bull run and what you can learn from it as an investor/speculator—
2/ 1. Rotation no more

Liquidity rotation used to be structural feature of crypto mkt— at onset of a bull run, large caps (BTC, ETH) rose the most & once mkt participants made gains on those, liquidity shifted to smaller caps, prompting them to pump next.
Read 31 tweets

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