Some things I've learned after hodling bitcoin since early 2017
1. Never believe anyone's price predictions. 2. Don't "diversify" into other cryptos; none of them are actually decentralized, everything except bitcoin is a shitcoin (yes, really), and it's all gambling. The point of bitcoin is not gambling, but to end modern day slavery (fiat currency). 3. When everyone you know is talking about bitcoin, you're at the top of a bull market. You'll likely be too exuberant to realize it though. It will be obvious in hindsight. 4. Don't "trade some altcoins on the side to get more bitcoin". You are not that smart, and the overwhelming probability is that you will get wrecked. 5. DCA into bitcoin. Ignore your emotions. Don't try to time the market. Just stack what you can every paycheck. 6. Don't be too excited about bitcoin; people will feel like you're scamming them even though you're just trying help. 7. Go to meetups & conferences. Don't be isolated. Bitcoiners are generally very awesome people. 8. When people ask you about how to buy bitcoin, send them to a BITCOIN-ONLY company. Example for why: My cousin bought bitcoin (on Coinbase) during the bull market, then sold it for shiba on the same platform and now she pretty much lost everything. Bitcoin-only companies are the safest option to keep newbies from doing newbie things. 9. Be on #bitcoin twitter and nostr. Obviously if you're reading this, you're already here...but I didn't get on twitter until 2020 and can tell you that it's a lot less lonely hodling bitcoin when you see a bunch of other people on this platform experiencing the same things you are. 10. Be skeptical of influencers. Even me (I'm not a huge account, but still). Some are good, some are bad. Even if they have good intentions, their judgement can be clouded by bad incentives. 11. Stop trying to convince everyone you know that bitcoin will make everything better (even though it will). Instead, be a good resource for the people who eventually reach out to you about it. Be known as "the bitcoin guy" and let people come to you when they're ready. Have good content prepared for them to read/watch when they do. That is all. It's been a great ride so far and I'm happy to know you guys. #bitcoin #dyor #crypto2023
Ethereum Foundation Sells 1K ETH Through Leather.finance
According to Foresight News, the Ethereum Foundation has reportedly sold 1027 ETH through the swap aggregator leather.finance. The transaction, which took place a few minutes ago, is valued at $2,191,135, with the selling price set at $2,133 per ETH. The 2.19M DAI, which is the equivalent of the transaction, has been transferred to a multisig address starting with 0xbC9. The purpose of this transfer remains unknown.
Mira's token setup is thoughtful, aimed at long-term health over quick flips. With a fixed 1 billion total supply, it's deflationary by design, with no endless printing to dilute value.
- Initial Airdrop (6%): Distributed directly to early users and stakers, fully unlocked at launch (except for a two-week hold for select ecosystem participants). - Future Node Rewards (16%): Rewards operators over time, incentivizing those who maintain honest verifications. - Ecosystem Reserves (26%): Unlocks a bit day one, then vests linearly over 35 months to fund growth and integrations. - Core Contributors (20%): Locked at token generation event (TGE), releasing gradually to align team incentives. - Early Investors (14%): Vested to prevent dumps, ensuring backers stick around. - Foundations (15%): Supports ongoing development and partnerships. - Liquidity Incentives (3%): Boosts trading pools right away for smooth markets.
This model's all about balance, plenty for users upfront, but safeguards to avoid inflation. Fees from verifications flow back as rewards, creating a self-sustaining loop as adoption ramps up.
The $ROBO tokenomics are designed for long-term ecosystem stability:
• Ecosystem & Community (29.7%): Incentives for Proof of Robotic Work. • Investors (24.3%): 1-year cliff followed by 36-month linear vesting. • Foundation Reserve (18.0%): Long-term stewardship and research. • Community Airdrop (5.0%): 100% unlocked at TGE.