This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
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This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
Share Dialog
Share Dialog
What so many believed wouldn't work is actually gaining traction...and the PoW army are rejoicing...for now. ETHW, a non-difficulty bomb chain comparatively to the current Ethereum PoW chain, has been in the forked since August by the PoW community. However, many predicted this endeavor would be fruitless, as there are many issues with creating a forked version that people will ACTUALLY use. The biggest problem? How do you maintain every single dApp on both Ethereum and ETHW? This would require all dApp creators to manage two versions of their software, similar to software companies maintaining a version of their software for both Windows and Macs. It's not an impossible feat, would just be really hard to manage in the current infancy of Web3. Centralized exchanges, such as FTX and Binance, are already offering a 1:1 ETHW ratio drop for even ETH holder on their respective platforms by the drop date. I mentioned in this post my thoughts on PoW miners and them wanting to create a fork. However, this is a perfect example of Web3 fundamentals going to work. The will of a community is rising up to the challenge of creating a useful fork, and there's nothing wrong with that. If they succeed, great! If they don't, then it's a lesson we all will learn from. Either way, Web3 freedom is a major precept and it's great seeing it in action! Written by: nikethereum.eth / Medium / Mirror
What so many believed wouldn't work is actually gaining traction...and the PoW army are rejoicing...for now. ETHW, a non-difficulty bomb chain comparatively to the current Ethereum PoW chain, has been in the forked since August by the PoW community. However, many predicted this endeavor would be fruitless, as there are many issues with creating a forked version that people will ACTUALLY use. The biggest problem? How do you maintain every single dApp on both Ethereum and ETHW? This would require all dApp creators to manage two versions of their software, similar to software companies maintaining a version of their software for both Windows and Macs. It's not an impossible feat, would just be really hard to manage in the current infancy of Web3. Centralized exchanges, such as FTX and Binance, are already offering a 1:1 ETHW ratio drop for even ETH holder on their respective platforms by the drop date. I mentioned in this post my thoughts on PoW miners and them wanting to create a fork. However, this is a perfect example of Web3 fundamentals going to work. The will of a community is rising up to the challenge of creating a useful fork, and there's nothing wrong with that. If they succeed, great! If they don't, then it's a lesson we all will learn from. Either way, Web3 freedom is a major precept and it's great seeing it in action! Written by: nikethereum.eth / Medium / Mirror
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