Jack Niewold 🫡 Profile picture
Dec 3, 2021 14 tweets 4 min read Read on X
Why are crypto influencers always shilling $ADA?

It's barely trading above its ATH, it's been heavily criticized, and there's been little progress since they launched smart contracts.

Here's the $100 million secret Cardano youtubers don't want you to know:

(thread👇)
When you look at a crypto, make sure to closely look at incentive structures. These are the mechanics that make price rise and fall.

Who's motivated to hold, to advertise, to buy, and to sell?

The key mechanic for Cardano?

Staking. About 70% of ADA is locked in stake pools.
The rate on your staked Cardano? About 5% a year.

The rate for someone who RUNS the stake pool?

Over 100% a year.

So validators are doubling their money yearly off the locked funds of their stakers, while stakers earn just about 5%.

That seems a little bit misaligned, right?
But if you're Cardano, you've got to incentivize people to promote the asset. The more you pay the validators, the more they will work to promote $ADA and get you to stake it.

If you've got a captive audience, it's a beautiful business model.
The system works like this. Your neighbor Greg:

• Watches a video shilling Cardano
• Buys some $ADA
• Locks it up in his favorite youtuber's validator pool
• Makes 5%
• The youtuber doubles their money yearly
• Greg waits for ADA to moon
This is not just a conspiracy theory.

Cardano actually recommends that validators set part of their budget aside for running a Youtube channel!

Youtubers talk about how easy it easy to set up nodes like there's no conflict of interest. Image
So how much do these validators earn?

Like, a LOT.

@intocryptoverse, @cryptorecruitr, @Bitboy_Crypto, @jasonpizzino, Max Maher, and @hashoshi are all making very meaningul amounts of money off of pooling subscriber assets.

Ben Cowen is clearing almost half a million/year! Image
Look, youtubers have to eat too, and it's more than possible that they truly believe Cardano is going to the moon.

But you'd think a disclosure on just how much they're making might make the whole pursuit a little less sketchy.
The whole system earns about $100 million a year and has around $35 billion under management.

To me, that's enough to be worth mentioning.
Let me know what you think, especially if you're a youtuber, you run a stake pool, or you participate in one.
If you like this thread, please do me a favor!

Go back to the first tweet (it's linked below) and drop a fav/RT.

And if you'd like to read more in-depth analysis on altcoins, what they're worth, and how they move in price, please check out my newsletter!

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We all gotta shill a little bit. I just think it should be more transparent.
Last thing--if you like threads like this with deep dives and data-backed takeaways on altcoins, give me a follow, I'd really appreciate it: @JackNiewold
Been getting a lot of criticism around the word ‘locked.’

To clarify: funds are not ‘locked,’ they can be unstaked at any point.

But vocab arguments miss the point of the thread.

YTers have different incentives than stakers and should disclose that when promoting stake pools.

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More from @JackNiewold

Sep 19
If you're thinking about getting a job in Crypto or Web3, read this:
Today we'll cover:
• Why you should get a job in crypto
• Creating your own 'Proof-of-work' (portfolio)
• Types of crypto jobs available •
Mindset and finding success

Today, we won't talk about becoming a buildorrr or consultorrr, we can save that for another day.
Why should you work in crypto?

• You'll learn a ton
• You'll work in a fast paced, likely remote environment
• Super-competitive compensation
• Massive upside, little downside

Crypto companies frequently have higher revenue/market cap per employee than other industries
Read 18 tweets
Jan 15
10 CRYPTO PREDICTIONS:
1. SUCCESSFUL TOKENS WILL 'EAT THE STACK'

Modularity, L0, data availability, interoperability: from a narrative perspective, it means the same thing.

If the last cycle was about Alt-L1s, the new narrative will be around projects that could conceivably serve the entire stack.
2. THE GOLDEN AGE OF SHITCOINS/MEMECOINS IS OVER

Ethereum is too expensive to trade shitcoins; Solana is a hot ball of money with people selling for i

We will see more shitcoins than ever go to $10m and $20m, with only a few coins reaching $1b.
Read 12 tweets
Jan 4
Are you caught up on Ordinals, BRC-20 Tokens, BTC L2s, and BTC DeFi?

No? Then you're missing out on the biggest crypto ecosystem in the world.

That's why I've distilled everything you need to know into a short thread.

Read on for THE BITCOIN REVIVAL, EXPLAINED:
Not yet convinced?

Here are the gains of some of the most popular BTC-eco tokens over the last 90 days:

• $SATS 79x
• $MUBI: 8.5x
• $TRAC: 14x
• $STX: 3.5x

We've shouted ALL of them out in our email newsletter; subscribe here:



Anyways...cryptopragmatist.com/subscribe?utm_…
First, let's understand the context for renewed ecosystem interest:

• Potential ETF approval
• $BTC leads bull markets: As the market turns, $BTC pumps first
• Ordinals/inscriptions have created the first fundamental tech catalyst for $BTC in years
• Maturing infrastructure Image
Read 16 tweets
Sep 1, 2023
This week, Coinbase founder Brian Armstrong posted 9 ideas he wishes he could build in crypto.

They are:

• Flatcoins
• Onchain Reputation
• Onchain Ads
• Onchain Capital Formation
• Job/Task Marketplace for Crypto
• Privacy for Layer 2

Along with: Image
• Fully Onchain P2P Exchange
• Onchain Games
• Tokenizing real world assets

But what do these ideas look like in the real world?

And could you (yes, you) get involved in building some of these things?

I'll explain each of these potential projects/narratives below:
1. Flatcoins

The idea of a Flatcoin is directly connected to some of the original concepts related to the creation of Bitcoin.

A flatcoin ALWAYS holds its purchasing power relative to inflation.

If I hold $1 of a flatcoin, it should let me have $1 of buying power forever.
Read 20 tweets
May 24, 2023
The Saga of BEN.ETH.

This is the story of how a pseudonymous crypto influencer:

• created a multi-billion memecoin empire
• Was sent $7m in free money
• Gained the attention of Andrew Tate
• Was sued for 8 figures

Do I have your attention?

Read on:
I guess this all starts with $PEPE, a memecoin that launched in late April only to go ballistic.

Some early holders rode the coin 100x, in some cases turning a few hundred bucks into over a million.

The trend captivated crypto twitter and beyond.

Pepe still sits at a $600m market cap—and many crypto participants began to look for the next 1000x

Hundreds of coins emerged: $WOJAK, $BOB, $LAMBO, $CHAD, and $WEED just to name a few of the more popular ones.

One of the influencers who capitalized on this trend?

@eth_ben
Read 16 tweets
Mar 29, 2023
No, Andre Cronje's Solidly wasn't doomed on arrival.

Solidly forks are like fine wine: they just get better with age.

Solidly→ Velodrome
Velodrome→ Thena
Thena→ SolidLizard

And now, as Polygon experiences max hype, let's take a look at SATIN, the latest version of Solidly:
Why should you be paying attention?

Solidly forks have been some of the biggest winners since the June bottom, with 22 forks in just ~1 year. All together, they hold about $664 million in TVL.

With over $30m on average/fork, it's the project with the most average TVL/fork.
And if you don't know what Solidly is, you should check out our article on Satin below.

It explains Satin, but also Solidly forks in general.

Read 13 tweets

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