20 top bitcoin twitterers get a life

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Content:

• Meet India’s crypto investors
• Don’t think of it as leaving Twitter. Jack Dorsey’s going all in on crypto.
• 13 celebrities who back cryptocurrency and may own millions in bitcoin
• A Crypto-Trading Hamster Performs Better Than Warren Buffett And The S&P 500
• US guy wakes up a ‘trillionnaire’ after buying crypto worth $20
• Investor Alert: Watch Out for Fraudulent Digital Asset and “Crypto” Trading Websites
• Twitter debuts hexagon-shaped NFT profile pictures
• Mystery of crypto CEO who died — or did he? — taking $250 million with him
• 10 Cities That Are Bitcoin Hotspots
• Why I will never buy Bitcoin (or any other cryptocurrency)

WATCH RELATED VIDEO: CURRENT CRYPTO OUTLOOK (TRACKING WHERE SMART MONEY IS HEADING TO NEXT?)

Meet India’s crypto investors

People are spending that money for a reason, regardless of how strange it seems Take a quick look at the image above. What you're looking at is an NFT, one of the first ever created. It's part of the CryptoPunks collection , a set of 10, NFTs released in , a time when much of the world was still finding out what bitcoin is. The response to nonfungible tokens hasn't changed much since March when they first started exploding.

The public at large has reflexively dismissed them as environmentally harmful scams. The bigger the sale, the more brazen the injustice. Entertain your brain with the coolest news from streaming to superheroes, memes to video games. Which brings us back to the above pixelated chap. Its owner is Richerd, an affable Canadian software developer. He started building cryptocurrency software around , but eventually tired of it.

Richerd, who has over 80, followers on Twitter, last month claimed that his CryptoPunk was priceless to him and wasn't for sale no matter the price.

It was a challenge, but it was still a legitimate offer. If Richerd clicked "accept", 2, ether would have flowed into his wallet. Everyone knows that's me. Not too long ago, Richerd's explanation would have sounded insane to me. How divorced from reality would someone need to be to offer eight figures on a picture that looks like a Fiverr job? How scandalously misguided would a person need to be to rebuff that offer? After I spent a few months researching and following NFTs, however, it doesn't surprise me in the slightest.

In fact, it makes a whole lot of sense. Here are three examples. The middle one is owned by Jimmy Fallon. Here is one quick fact that explains why NFTs are bought for the equivalent of a CEO's salary: Bitcoin is estimated to have made over , millionaires.

It's no surprise that NFTs became a phenomenon in March. When you see a headline or a tweet about some preposterous sum being spent on an NFT, it's easy to become bewildered over how absurd that purchase would be for you. What's easy to forget is that very expensive things are almost exclusively bought by very rich people -- and very rich people spend a lot on status symbols.

Take Bored Ape Yacht Club, for example. It's a collection of 10, ape NFTs, all with different traits that make some rarer than others. In isolation, that's insane. But place it on a spectrum of how wealthy people spend money, and it becomes less staggering. You can right click and save a JPEG, so why spend money on it?

We accept that rich folks buy extravagant items offline. Is it so inconceivable they would buy extravagant things online, too? How scalable is that versus if I buy a CryptoPunk and use it as my profile picture? Obviously, status symbols aren't specific to the rich. What most status symbols have in common is that they have a specific audience in mind. The banker sporting his Rolex and the chief executive stepping into her Bentley don't care that I think either of those purchases is excessive.

They have a small but powerful group of people they're trying to influence. So, too, with NFTs. In the case of Richerd, he runs his own business, Manifold, where he helps show digital artists like Beeple how they can use blockchain technology to make art that could only exist as NFTs.

Being a part of the most sought-after NFT collection helps in those circles. And when he says his brand is built on his Punk, he's not exaggerating -- a group of investors even named their organization after him. This is one of those projects that makes you put your money where your mouth is. NFTs are polarizing. There's a small group of people who believe in the underlying technology tokens that prove ownership of a digital good , but there are many more who regard it as a hoax.

Just as the second group struggles to see any value in NFTs, the first group can sometimes be defensive about the technology's imperfections. First is the confounding inaccessibility.

There's a reason software developers tend to do well in crypto and NFT trading: Setting up blockchain wallets and other required digital apparatus is difficult. Even just buying and selling can be perilous. Send money to the wrong wallet address by accident, and it's gone forever. Then there are the fees.

Not too bad -- until you factor in the transaction fees. Most NFTs are built on the ethereum blockchain, which is notoriously inefficient. The more people using ethereum, be it through trading altcoins or buying NFTs, the higher the fees.

This is especially troublesome for NFTs, which are infamous for causing "gas wars. But when 10, people try to buy an NFT, it results in a massive spike in transaction costs as some users outbid each other to speed up their purchase. It may only last a minute or two, but a lot of damage can be done in that time.

It's rare, but not rare enough. Ethereum's inefficiency also contributes to the other major criticism of NFTs, the massive amount of energy they consume. Note that this is something of a semantic issue: NFTs aren't bad for the environment as much as ethereum is. Other networks, like Solana, use a fraction of the power. At this moment though, while no one can say precisely how much energy ethereum consumes, we know it's a lot. Bitcoin, despite getting all the headlines, is even less efficient than ethereum, which is why almost nothing is built on its blockchain.

And finally, there's the fact that most people trading NFTs are doing so to make a profit. Scams are everywhere, and prices are volatile. Most of the people who create, buy and sell NFTs are ignorant or uninterested in the technology. If there is a technological leap taking place, it's likely to be obscured by the dizzying price movements.

But a bubble can pop and leave something better in its wake. Think of Pets. It's used as a cautionary tale for speculative trading in bubbles. But the impulse to invest in Pets.

That particular venture was misguided, but the e-commerce trend it was flicking at was legitimate. Seven-figure pixel art may not be forever, but proof of digital ownership, which is what NFTs are really about, may be. Where NFTs will end up is anyone's guess -- and anyone who claims to know is probably trying to sell you something.

What we do know is that the amount of people buying NFTs is almost definitely about to grow. In the short term, CoinBase will soon open its own NFT marketplace, for which 2 million users are on the waiting list. Robinhood has similar plans. More importantly, giant companies that already make money outside of the crypto space want in. Niantic, the company behind Pokemon Go , has just announced a game in which players can earn bitcoin. Twitter and the company formerly known as Facebook plan to integrate NFTs into their platforms, and Epic Games says it's open to doing so too.

Envision a world where instead of buying skins in Fortnite , you buy an NFT for those skins that you own -- meaning you can trade it for outfits and weapons in other games, or sell it once you're done with it. Epic said it won't integrate such a mechanic into Fortnite, but that may not stop competitors. Richerd reckons the flood of people soon to enter the NFT marketplace will create a broader diversity of digital products sold for different audiences.

But though the space may change, he remains confident that CryptoPunk is safe for a while yet. Daniel Van Boom. CNET Culture.

Don’t think of it as leaving Twitter. Jack Dorsey’s going all in on crypto.

I consider myself very logical. So I want to share my step-by-step process for making this big life decision. Choose an area - find a growing area with a problem that you have personal conviction in. Choose a stage - Decide if you want wartime or peacetime, then zero in on the right maturity for you. Find a team-fit - find colleagues you respect, a need for your skills, and a strategy you buy. Venture capitalist Arianna Simpson put this well:.

13 celebrities who back cryptocurrency and may own millions in bitcoin

Crypto dragons lis. As every transaction on the blockchain requires verification — this rewards-type system helps users who have cryptocurrency to verify transactions and support the network essentially earn crypto. DragonEx describes itself as a community-driven exchange with over , KYC-verified users and aims to become the best community exchange. The token tracker page also shows the analytics and historical data. Play to Earn. Dragon — CryptoKitties. Crypto dragons and merge cats are merge games that payout in SOUL which can be exchanged on the crypto markets, please note that this one does take a bit to get a good amount of return, there are also subscriptions if wanted. Over the … Discover the top NFT collections as listed by sales volume collection values market capitalization 24 hour 7 day 30 day and all time sales Gate.

A Crypto-Trading Hamster Performs Better Than Warren Buffett And The S&P 500

We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. To learn more or opt-out, read our Cookie Policy. On one hand, NFT profile pictures could be viewed as an incredible technology integration adding real utility for verified digital items. At launch, Twitter is supporting several crypto wallets that users can connect to their profiles and verify that their tokens are of the non-fungible variety. However, one side effect of limiting its interaction with the blockchain to a list of approved sources means that information on who owns what is not as decentralized as you may think.

US guy wakes up a ‘trillionnaire’ after buying crypto worth $20

Sam altman billionaire. This meme is gathering steam around the world, being pushed the hardest by billionaires. The project Worldcoin was introduced to the world by Alex Blania and Sam Altman and the team hopes to get one billion people using the crypto asset by the end of Altman … The shift in wealth could happen as early as 25 to 30 years from now. Said another way, you can either believe 1 the pie can grow a lot and so, e. Entrepreneur Sam Altman is one of 25 people who have splashed the cash to join a waiting list at Nectome — a startup that promises to upload your brain into a computer to grant you eternal life.

Investor Alert: Watch Out for Fraudulent Digital Asset and “Crypto” Trading Websites

The crypto market was already having an ugly , but crashed even harder this week, shaving almost half a trillion dollars from the global market cap in 24 hours between Friday and Saturday. Bitcoin and Ethereum sank to prices not seen since summer last year. Crypto Twitter, as it typically does, turned to humor and memes to get through the misery. The crypto market has been depressing all year, but things got much worse this past week. HODLers mostly coped with the bloodbath with jokes and memes. Without further ado, here were just a few of our favorites.

Twitter debuts hexagon-shaped NFT profile pictures

Bnb gone from trust wallet. You will see the gas 7. On the next screen, you will be prompted to: Enter the recipient's full name and address.

Mystery of crypto CEO who died — or did he? — taking $250 million with him

RELATED VIDEO: Clande𝕊tina Giveaways - Secret NFT Innovation - Free ALTER Mail - Will Snoop Dogg Roll with the 420

When I think about Bitcoin, the best known cryptocurrency right now, I think of a quote from Warren Buffett. It's common sense really. And while Bitcoin and other cryptocurrencies have been around for quite a while, and have made lots of people rich, these two points sum up why I'm staying away. That is not to say that Bitcoin is going to collapse. It's just that Bitcoin doesn't make a lot of sense as an investment to me. When they succeed, businesses are productive: they tend to make money, and as a shareholder, you're entitled to some of it.

10 Cities That Are Bitcoin Hotspots

Taylor issued a statement on Twitter on Monday, detailing the incident and the trauma he underwent for two years. On his last night in India, Taylor claims to have attended a celebratory dinner where he took cocaine. It was recorded and used to blackmail him for spot-fixing, he said. I felt I had no choice at the time because saying no was clearly not an option. A sum of USD 20, was supposed to be paid to him after the fix was carried out. Unfortunately, they did not, but I cannot feign ignorance in this regard.

Why I will never buy Bitcoin (or any other cryptocurrency)

As you can see by the amount of podcasts which qualify for a 'best podcasts' list, there's never been a better time for podcasts. Though the format has been around for a couple of decades now, it's only in the last few years that they really hit their stride. You might say that we're living through a golden age of podcasts, if you're the kind of person who needs all their culture categorised into neat eras. But podcasts themselves seem to live in the wild.