Open message to @opensea, regarding frozen assets and their newly released "Collection Bid" feature:

I am hoping that a discussion can be had around the ramifications of having both options available, and the effect is has on the ecosystem. First, the problem started out simple.

Person X was hacked/phished/etc by Person Y, who turned around and either flipped Asset A to Person Z, or moved the asset into a new wallet.

Understandably, Person X wasn't too thrilled.

Many are chastising the play-to-earn #NFT model, and for good reason - the flywheel is temporary, unsustainable, and creates artificial mercenary demand.

Money coming out of a vacuum (treasury tokens) into circulation creates a breakpoint collapse.

BUT... IMO, that is not the end-game of #P2E. The goal is to bootstrap the in-game economy to the point where it becomes self sufficient.

If the game can pull in revenues (from royalties, ads, sponsorships, tournaments, pro leagues, IP growth, etc), it supplants the need for dilution.

This is a really unfortunate development in the space.

Frozen NFT assets is a problem just waiting to happen - eventually, a non-insignificant percentage of a collection will be deemed stolen in some capacity.

What happens when you reach the point of no return?

https://twitter.com/punk9059/status/1528952291528564738

It also impacts many who have no intent of being participants.

For example: @LooksRareNFT creates a collection bid feature. User A bids on entire collection. Stolen/hacked asset X gets sold to highest bidder, i.e. the collection bidder (user A). No intent, all the repercussions.

Phase I of NFT-based gaming was the introduction of P2E mechanics and the activation of the sweat equity —> equity migration of user<>game relationship

Phase II, in my opinion, will be led by the introduction of games that are playable without financial incentives What takes us there?

Likely the introduction of IP heavy gaming with lore/backstory and continuous non repetitive gameplay

Think that a traditional game with NFT ownership overlay makes a lot of sense in Phase II.

We are not yet ready for fully on chain games.

1/ Today, the Arca NFT Fund acquired two plots of Genesis Land in the @AxieInfinity ecosystem. The @SkyMavisHQ team was able to catch lightning in a bottle, popularizing/implementing the term “play-to-earn” and kicking off an impressive growth period for the gaming sector. 2/ Being long term supporters of Axie means that we have had the opportunity to watch the ecosystem grow first hand with assets like $AXS, $RON, $SLP; however, until now, we had no avenue to gain direct exposure to in-game assets.

Quick Post Thanksgiving Day post mortem on how the following sectors handled the long weekend:

- Gaming / NFT / Metaverse
- Decentralized Finance (DeFi)
- Protocols / L1
- Exchange Tokens (CeFi) Apparently, the metaverse sector is filled with turkeys, because $SAND and $MANA are getting slaughtered out there post Turkey Day.

Gaming seems unfazed ( $ILV and $AXS holding down the fort)

$FLOW been tepid but decreasing as tokens continue to unlock

$WAX $ENJ out of favor

If I am understanding this correctly, this falls directly in line with @eliasimos thread on 'untagged' miner addresses gaining ground and the news break of large scale Bitcoin mining facilities popping up (Texas, for instance).

Let me explain 1/x

https://twitter.com/100trillionUSD/status/1197124443782471681

Nonce patterns like this (gaps in the pretty chart that @100trillionUSD made) indicate that nonces are occurring *significantly* less often in certain regions. In theory, nonce values should be randomly generated, however based on a pool setup, certain patterns usually emerge 2/x

I see this argument pop up every once in a while - the numbers look shocking. While the number that @iam_preethi provided is less than shown on @bitinfocharts (2.83%,95.44%), there is a frame of reference that needs to be taken into account: Mini thread

bitinfocharts.com/top-100-riches…

https://twitter.com/iam_preethi/status/1161318633722638337

Of the Top 10 richest Bitcoin addresses, 7 of them are exchange wallets (4.0894% of total BTC). Exchange wallets are either amalgams of their customers holdings, or insurance funds in the event of a breach.

Mini thread on the #Bitcoin:

I believe the argument that $BTC is not the real Bitcoin because it is not 'cash' is a purely semantics based error.

If you look up the synonyms of cash, the first that pop up are: money, currency, legal tender.

Let's dive into the WP 1/x [Abstract] "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."

Can payments be sent directly from one party to another without an intermediary? Yes.

If you want to trade efficiently, it is imperative that you set conditions: a thread

(Based on my time as a trader both personally and professionally, these are the conditions I have found useful - this should work for $BTC, $crypto, and stocks in general) 1) Find your edge - scan your trades. Which ones tend to do better than others? Worse? Narrow your scope of trades down to your wheelhouse - 70%+ of someone’s trades are fluff. Cut out the toxic trades, keep your healthy ones.