ASCB 🎩🔵

@ascbeth

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Another post regarding $DOGS. Be cautious with pre-market trading on KuCoin. KuCoin is not an official partner (I checked all $DOGS social media and found not a single mention of a listing here), and the app didn’t allow deposits. As a result, there are currently no tokens on KuCoin! Meanwhile, for example, Binance already holds over 16% of all tokens.

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Vitalik Buterin

I guess I started an accidental AMA on which parts of the crypto space are good and which I'm so far not excited about, along with other big picture vision questions: https://x.com/VitalikButerin/status/1827583576751181961 You should feel free to ask questions here too! Let's see if Farcaster can come up with higher-quality questions than the other app :)

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Vitalik Buterin

Do people actually consciously make a judgement about quality of service when they tip??! I always just mindlessly add 15-20%. So the whole "tipping incentivizes quality of service" argument has always seemed unrealistic to me. https://x.com/tracewoodgrains/status/1826601506885320775

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Does anyone know if there's any plans to make Basescan support the Basenames as display names? cc @jessepollak

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I only know one 100% successful investment strategy in the last three months: sell pre-market. Once it stops working I will believe that the bull market is still here.. Sold some $DOGS at $1 billion mcap 😅

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There was a classic redistribution from ludomaniac futures gamblers to patient rich spot buyers. I'm still in shock to this day, honestly, I haven't seen such a forced drop out of positions in a long time.

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After such events you shouldn't be afraid to buy at all, as a rule, because the risk of being rektanized is obviously minimal. Especially on the spot. I bought a lot of $ETH in the range of 2200 - 2300 usd, I plan to wait for September-October and take 50-80% on the buy-side Or lose all $ETH on onchain trading with shitcoins How many times have I seen it in this market, it's the usual, people were scared of WW3 in the middle east, recession in the US, whatever, and then the market returned to almost the same old values

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Just imagine not MAX bidding, when 2 Billions $ of long positions were liquidated in a WEEK. Hundreds of thousands of traders were liquidated in a week, $2 billion worth of long positions alone were liquidated, and GLOBAL market lost more than 15 billion of open interest - mass wipe, global reset, market self-cleaned, call it what you want. $ETH dropped from 4000 to 2100 usd in 3-4 weeks! For some reason, people are so organized that they keep expecting more and deeper downfalls

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While the market capitalization of cryptocurrencies, including Bitcoin, goes back to $1,978 billion, an increase of 16% in 52 hours. While Bitcoin reached the $57 mark today, Ethereum remains in the shadows with a minimum recovery over the same period. Above the $2,500 pivot, Ethereum forms a second consecutive bullish candle. Will the recovery rally overcome the bearish influence of last Monday's 10% bloodbath?

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jesse.base.eth 🔵

it's @base's first birthday, and IT'S STILL DAY ONE we've onboarded thousands of builders, millions of people, and billions to the @base onchain economy. in the next 365 days, it's still day one: remain humble, keep our heads down, continue to build, and stay based.

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Since PoB is still in its early stages and not very well known, I wanted to give you some preliminary information in case it becomes popular in the future. As you know, most of the #meme tokens have had a huge hype despite having no features. PoB tokens may attract the same attention since they have burn mechanisms.

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This is usually made by people in the community. For example, if the community is strong, they build #meme tokens on the created token. If the token is called "x", you can burn it and create tokens like "dogeX". The more projects come, the more "x" tokens are burned and the probability of gaining value per unit increases. In addition, these projects have their own monetary policies. For example, at first, minting is cheap and produces high numbers. However, over time, the minting quantity decreases and becomes more expensive. In this case, it creates a deflationary effect in the long run.

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You may ask what the created tokens do or what value they have. Since these tokens are decentralized, they are likely to receive the value of the token they are burned on average. Therefore, the more gas tokens are burned, the more value they are likely to receive. At the same time, their communities and missions are other factors that affect the value of these tokens. In addition, the tokens created have the feature of being burnable. For example, you burn $eth and create any "x" token. Then you can burn that "x" and mint new tokens like "y", "z".

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This system is built on any network, any token. For example, let's take the Ethereum network and $eth. A new token that wants to work with PoB consensus allows you to create a new token in exchange for burning $eth. Burn $eth and get "x" token. The purpose of the new token you create is to try to create a decentralized value. In other words, you can create a new token by just burning a gas token without being tied to anything. While other coins/tokens require a generating resource like a validator or miner, you can only mint it through a smart contract.

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I will tell you about a new consensus that has not been heard of much until now but has attracted great interest from the core audience. PoB: Proof of Burn You may have heard of two consensus mechanisms in cryptocurrencies. The first one is PoW and the other one is PoS. Now there is a consensus called Proof Burn, which allows another token to be burned to create the token. The logic of the system is based on creating decentralized tokens in a simple way and this PoB consensus is written with a simple smart contract. We do not have a complex system like PoW and PoS.

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Everything is falling and trading below the listing price. I'm no longer bullish on any airdrop. Everything has been overfarmed (thanks to the "airdrop narrative") The market today can only value a good project at a maximum of $1-2 billion (if it gets listed on Binance). For comparison, six months ago, it could have been $10-20 billion. And while the average airdrop per wallet could have been $2-3k before, now it’s likely to be $200-300. Those are my thoughts 😐

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Trade $RAGE token started trading on Hyperliquid and is currently about 25% below the presale price on FjordFoundry (the fastest sale in the platform's history). Honestly, it's sad to see the lack of demand. I still think the token is promising, and holding it could likely earn good Hyperliquid points. But that's just the market right now...

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