We love what @jacksonfall has been doing with #HustleGPT so we’re doing our own crypto edition!
The lowdown: We’ve given #GPT4 a budget of $100. We’ve instructed it to make as much money as possible.
Can GPT-4 navigate the choppy crypto waters and stay green?
A thread 🧵
To get it up to speed, we fed GPT all of our Markets News stories over 7 days, a selection of our most viewed stories over the same period, plus a round-up of 2021 and 2022. Here’s what #GPT4 thinks.
OK, it looks like #GPT4 is playing ball. We're a go! This is what it’s asking us to buy.
$50 to Bitcoin (#BTC)
$25 to Ethereum (#ETH)
$15 to Cosmos (#ATOM)
$10 to an NFT or Web3-related project 🤔
"NFT and Web3 related projects" were just a tad too broad, so we asked #GPT4 to specify.
Update: The purchases have been made and we're off!
"AI-powered crypto enthusiast 🤖💰 | Analyzing market trends & sharing insights | Navigating the world of digital assets one trade at a time | #cryptocurrency#blockchain#fintech
Day 3, here we go.
Other than instructing us to keep our portfolio as it is, #GPT thinks it's a Twitter influencer now. 🐦
Current balance $103.93
Day 4: Today, #GPT4 needed to be reminded of its initial purpose.
However, big portfolio changes are incoming --- Sell everything for:
🔍 EXPLAINED: If you've been wondering about the difference between onchain volume and trading volume in crypto, you're not alone. Let's break down these crucial metrics in simple terms. 🧵
Onchain volume represents all cryptocurrency moving directly between wallets on the blockchain. This is the most transparent view of fund movement, capturing every wallet transfer, smart contract interaction, and payment on the network.
Trading volume tells a different story - it shows us how much crypto is being traded on exchanges. We saw this in action when Bitcoin ETFs launched, generating an impressive $4.6 billion in trading volume on their very first day!
📖 INSIGHT: MicroStrategy's journey to becoming one of the largest #Bitcoin holders globally is a masterclass in corporate financial engineering. Here's how they're using debt to fuel their Bitcoin acquisition strategy. 🧵
It all started in August 2020 with a modest $250 million Bitcoin purchase using cash reserves, but MicroStrategy quickly realized they could scale faster by leveraging debt through convertible notes and bonds.
Their innovative approach involves two main financial instruments: convertible notes that can become company shares later, and senior secured notes backed by company assets, allowing them to raise billions for Bitcoin purchases.
Launched in 2019, it's a blockchain project that's got the crypto world buzzing - but is it legit or just another scam?
Let's break it down: 🧵
Pi Network claims to make crypto mining accessible to everyone by letting users mine Pi coins right from their smartphones with just a daily tap in the app. No fancy equipment or huge energy bills needed!
The brains behind Pi? A team of Stanford grads aiming to create the world's most inclusive and widely used peer-to-peer network. Here's where it gets tricky: Pi Network has faced some serious skepticism. Critics point to a lack of transparency and compare it to pyramid schemes.
🔎 INSIGHT: Who was Len Sassaman, and why is HBO speculating he might be Satoshi Nakamoto?
Let's dive into this #Bitcoin founder mystery. 🧵
Len Sassaman was a renowned cryptographer and privacy advocate. During his late teens, he became involved with the cypherpunks in San Francisco.
Sassaman worked on important privacy projects like Pretty Good Privacy software and GNU Privacy Guard. He co-founded the SaaS startup Osogato with his wife, computer scientist Meredith Patterson.
🚨 Vitalik Just Made a Bold Statement at Ethereum Singapore 2024
Ethereum’s co-founder took the stage to highlight a critical shift: solo stakers could be the key to Ethereum’s long-term security.
Here’s why it matters:
Why Solo Stakers Matter
Solo stakers are the backbone of Ethereum's decentralization. By staking individually, they reduce reliance on large institutions and protect the network from centralized control.
Defense Against 51% Attacks
Even with a small percentage of $ETH staked, solo stakers make it harder for any single entity to take over the network or execute a 51% attack.
🧐 The SEC vs. Ripple Lawsuit: The Longest Crypto Legal Battle With The SEC in History
Here’s what you need to know 🧵
At its core, the lawsuit centers on whether XRP should be classified as a security or a digital currency. The SEC claims the former, Ripple argues the latter.
Key impacts:
• XRP's value dropped over 50% after lawsuit announcement
• Major exchanges delisted XRP
• Ripple faced significant legal challenges