Friday, June 17, 2022

NFT​.NYC expecting ‘diverse and eclectic audience’ to drive utility narrative of NFTs

The co-founder and vice president of growth at NFT.NYC shared insights into its community-first values and ethos.

NFT.NYC, one of the largest nonfungible token events, is preparing to open its doors for a fourth year, celebrating the diversity of NFTs across 16 sectors, including art, film, sports and ticketing.

Held from June 20 to 23 in New York City, the blockbuster event will serve as a global melting pot of everybody who's anybody in the NFT world, showcasing 1,500 speakers across panels, talks, fireside chats and hundreds of pop-up events. Attendance figures are expected to soar from last year's 5,600 to over 15,000 this time around.

Cointelegraph spoke to Jodee Rich, co-founder of NFT.NYC, and Quinn Button, its vice president of growth, to hear more about their expectations for the New York event. They also discussed how the current market conditions could impact the momentum of the NFT movement and the artistic conversations it cultivates.

With a conscious emphasis on prioritizing the desires of the community over brands or corporations, the NFT.NYC team selected 221 emerging international artists from an application pool of 5,000 to display their work on a Times Square billboard and throughout the Marriott Hotel.

#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn


You dumb, stupid silver apes deserve a pat on the back. No, seriously, somehow, you all managed to find silver "before it was cool"

I'm not joking. Despite the fact that TPTB have been using every trick in their demonic magic spell book to keep the price of silver ridiculously low (on paper) while the rest of the world hyperinflates, you dumb, stupid apes buy it anyway! What the hell is wrong with all of you? Don't know you that when the price of something keeps getting hammered down, that's supposed to scare you away from it??? Are you stupid or something?

Lol.

Anyway, I thought I'd make this little chart for all of your viewing pleasure. It's a chart of the Dow Jones Industrial Average I grabbed from Google, and I overlayed it with a Kitco historical silver chart going back to the year 2000. I've tried to line things up so you can see where the DOW was and silver at the same time frames. As you can see, I've also added in some key events, such as the 2008 financial collapse (and subsequent bailout), plus Covid, as well as where we are now.

https://preview.redd.it/5c4nkvzzoa691.jpg?width=799&format=pjpg&auto=webp&s=aa588087d27c9fdc9d6db3d3488bd9703a2ff210

Now, IF you wanted to compare the recent stock market drop to the one in 2008, I've also pasted the current drop over that drop from 2008. I'm NOT saying that what's happening right now is going to rhyme with 2008. I'm just saying IF you wanted to compare our most recent stock market drop with 2008, well that's what things look like.

Also note that after the big drop in the 2008 DOW, silver really had a pretty spectacular and legendary run afterwards, until of course, things got "tamped down" again for some reason...

I think everyone wants to know what's going to happen in our immediate future, so I think sometimes it's useful to look historically at stuff like this. However, this is NOT a prediction or financial advice. I'm just showing you what happened before, as it happened, in two different markets.

There's a lot of things different now than in 2008. For one, Bitcoin was born out of the 2008 collapse, so during 2008, flight to safety was definitely in precious metals, not cryptos. However, in more recent years, as this ridiculous climb in stocks moved things up, so did the price of Bitcoin and altcoins. Today, crypto technology has matured well past the "dark web, silk road" stigma that it used to have. There are several promising crypto projects out there that, in my humble opinion, aren't going anywhere. The majority, though, I think are a huge scam and this recent crash may kill off many of them.

It was said by some that cryptos were soaking up all the money printing from the world's central banks. In a world with no cryptos yet still a lot of crazy money printing, I suppose normally you'd see money flowing into commodities or precious metals. But in most recent years, as we all know, a LOT of money went into cryptos.

Now that BTC is down around 30% from its ATH and the DOW is down about 8% from its ATH, I guess at the moment, a LOT of people are sitting on the sidelines in cash.

Question is, where will the $$$ flow this time? Is our immediate situation comparable to what we saw in 2008? Will the stock market rally after this, making fresh new highs, or will it continue to collapse? Are we on the verge of a MASSIVE run in precious metals, or will they magically get tamped down some more? After this little shakeup, will cryptos come back as the flight to safety play this time, or will they crash even further?

Once again, I'm not predicting anything. Nothing in this post is financial advice--it's for pure entertainment value only. I'm not a financial advisor, nor do I play one on TV.


Hiro's Weekly Community Updates: Alex Miller on Bitcoin Being the Base Layer for Web3, Resources to Build a Better Internet, Stacks Ventures’ Demo Days, Web3 Bringing Big Bucks and more!

T.G.I.F. Stack Devs! Don’t miss out: Here’s a roundup of all the latest developer resources, tutorials, and events to keep on your radar. Here are some of our latest posts:

  • Why Bitcoin Will Be The Base Layer for Web3 - Alex Miller sat down with Jill Malandrino to discuss why bitcoin will be the base layer for web3. Click here for the full conversation.
  • Developer Education Resources - Here’s a thread of a few amazing developer resources available to help empower you to build a better internet on Bitcoin.
  • Stacks Ventures’ Demo Days - Shout out to all the Cohort 2 teams that presented this week during Demo Days. We had the chance to hear from a few community members about what they love about the Stacks Ecosystem. Check it out here.
  • From Horse Armor to Play-to-Earn - Crypto bets on the potential of Web3 and its ability for monetization in the gaming industry. Read the full article here.

Looking to enter the world of blockchain? Hiro is hiring! Check out some of our open positions here.

Stay tuned here and on our Twitter for more updates and announcements,

- Hiro Team


Thursday, June 16, 2022

Bitcoin Funding Rates Remain Negative But Open Interest Tells Another Story

https://ifttt.com/images/no\_image\_card.png

Bitcoin funding rates have been dropping over the last couple of weeks. Even as the price of the digital asset had plummeted, causing some to call it being on ‘discount’, these funding rates have refused to move out of the negative territory. The past week has proven to be no different given that funding rates have exited the neutral territory entirely and remain low.

Funding Rates Refuse To Budge Coming out of the last week has been a hard one for the crypto market. The bloodbath had sent the majority of the coins in the crypto market into the red and bitcoin had touched the $20,000 level for the first time since December 2020. Through this has come panic across investors and the funding rates have reflected this panic.

Related Reading | Exchange Inflows Ramp Up As Crypto Investors Clamor To Exit Market

The past week had come to a close with funding rates sitting well below neutral. This follows the trend for the 7-day period where the funding rate had trended below neutral each day. It sat at 0.013% as of Tuesday. Not the lowest point so far but it marked the second-lowest point for the month of June.

This decline in funding rates follows what Arcane Research refers to as an orderly sell-off in the derivatives markets. It is no surprise given the liquidation volumes that rocked the market on Monday and Tuesday, touching above $1 billion in a 24-hour period and setting a new daily liquidation event record.

Funding rates remain low | Source: Arcane Research The research and analysis firm also notes that investors are approaching the market with caution. This is due to the “current market structure with increased contagion risks related to Celsius and the pressuring macro backdrop.” This caution comes as no surprise given that investor sentiment now resides in extreme fear, meaning there is no room for careless abandon in a market such as this.

Bitcoin Open Interest Turns The Other Way Even with the funding rates low, other metrics are surprisingly not doing as bad. One of these is the bitcoin’s open interest in the perpetual markets. This metric remains high even though the price of bitcoin has plummeted close to 2017 highs.

Historically, BTC-denominated open interest has been known to decline in line with the market. This has not been the case with the most recent bitcoin crash. Instead of falling, open interest had hit multiple new all-time highs even as the sell-offs had continued. This suggests that some investors had believed that the bottom was in and tried to take advantage of it. But this was not the case.

Open interest on the rise | Source: Arcane Research Nevertheless, open interest in perpetuals was at 298,500 BTC as of Tuesday. It is in stark contrast to the last major market crash that took place back in December, where open interest in perps had declined to 190,000 BTC as the price of the digital asset had fallen.

Related Reading | Bitcoin Crash Sends Institutional Investors Running For The Hills

This increase in open interest suggests that if the bitcoin bottom is not in already, then it may very well be reached soon. Although it is important to keep in mind that a metric like this on its own cannot give a full picture of when the bitcoin bottom will be reached.

BTC drops to $21,000 | Source: BTCUSD on TradingView.com Featured image from Arabian Business, charts from Arcane Reseach and TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…


I am on the border of giving up.

Hey Reddit, I am running out of strength, I will start from the latest events to the oldest, some may think this is not that hard and to man up, but I am literally planning my departure from this earth.

I am just a simple 34 years old man, living paycheck to paycheck, it took me 14 months to find the job I currently have, and it is the best pay I have ever gotten, I am basically a freelancer, no benefits, no protection, 40 hrs a week for the last 9 months.

They could "end" my contract and that is it, jobless again, lately I feel like one of the managers has been highly nitpicking, and it looks like she is on the top of the pyramid because two other managers always reach out to me in a very kind manner and sometimes kind of jokingly about whatever it is the lady is going say in a wide company email about whatever it is I did "wrong".

I am anxious all the time, as soon as a manager says hi my heart skips a beat, I triple-check all I am about to type or email before sending it out, and I am trying to keep the lowest profile possible, and that kind of backfire because the client I am assigned to, hasn't been very active, and one of the "friendly" managers asked me why I have not been trying to help the rest of the team.

Since I have been here, the lady who hired me quit, the guy who trained me quit, and two coworkers that held my same position quit, and they have not really been "replaced", people have been moved around, and I feel like my name is next on the list of people that "quit".

The next thing is, my wife and I got lucky and the place we rent was extremely cheap to what the country average is, and we have been living here for almost 4 years, literally one-third of the price for rent everywhere, but all good things must come to an end, and the landlady has asked us to move out since the owner is coming back to the country and wants to live here. Looking for a new place has made me realize that I will lose the extra weight I have.

When my wife and I started living together, we had a very rough beginning economically, we both got into deep credit card debt, I had loans I was not able to pay, and we both dig up our hole as deep as the banks allowed us. Once we reached the bottom, there was no option other than to start slowly climbing. Where I live, the banks sue you, then you get your bank account sized, your cars, properties, etc, so we did not have a thing under our names but our IDs. It took years, but we decided that since she had less debt than I, we will work to pay off hers first to get access to bank services, be able to request services, and start building some credit, she is now out of overdue debt. In my case, I still have nothing but my ID under my name.

We have been together for 11 years and lived together for 9, she was kicked from her mom's house, then from her grandmom's house when we had less than a year of "dating" I bought her to my parent's home without asking permission, we used to walk everywhere because we did not have money for transportation, we had it rough, but we went through it. We have only had 2 screaming fights, and a few don't talk to me right now moments.

For the last 2 years, we grow apart at the beginning it was for sure my fault, we never had it easy, and I used the internet and video games to escape from the world, I noticed, and try to make it right, and was kind of successful, then covid hit, things happened, got two jobs due to being afraid of the stability of my job at the time, got stupid lucky, and used all my "extra" money to buy bitcoin and that is how I took care of my responsibilities for most of those 14 months without a job.

During the time I had two jobs and was learning about crypto, everything was closing, zero quality time, covid panic everywhere, you know, I notice she was super bored and sad, so I thought, I will get her a PC, so she can play, and socialize on the internet, and I did, and it worked, she found friends, joined discord groups, chat, play, she did not need my attention as much anymore, good I thought. Long story short, lost both jobs, and bitcoin saved me a$$, but we grow apart, even more, her online friends took the spot and I could not get it back.

About a month ago, she told me that we act like just roommates and that she did not want to be my partner anymore, law here says everything inside the house belongs to the wife, so if she decides to keep it all, there is nothing I can do, anyway, all of it was bought under her name since I do not have any bank history due to my debt. I have been heartbroken, I do all I can to distract my mind, can't go for a walk, or I think about this and break down, my soul is in pieces, and I think I am having panic attacks, I must keep my mind numb, watch whatever I can get my hands on.

We are not fighting, and we have "talked" about the situation, I think she has a lawyer already, honestly, I do not see the point anymore, no one depends on me for survival other than myself, I have a job that looks like want to give me the boot, I have to leave this home anyway, does not look like I can afford a decent place to live, and live for what, the person I love and wanted to live with does not want me around anymore, the future looks like shit, why would I want to stick around alone for it?


Interesting post from /r/UKPersonalFinance: "Let the crypto crash be a reminder to us all"

Read this on /r/UKPersonalFinance yesterday.

Thought the advice was pretty good, and should be shared here:

From browsing this sub for the last couple of years, whenever there is a post asking for advice on what to do with a windfall etc, there have always been responses along the lines of:

‘Bitcoin will be 100k by the end of the year’ ‘Stick it all in crypto you can’t go wrong’

To anyone witnessing the recent events, this is why people would say to only put in what you can afford to lose/a small percentage of your portfolio.

Yes, of course you can get rich in Crypto and people have. But there’s also a number of people who would have gone in too heavy and now don’t have an easy way out.

So next time there is another risky asset that people are pumping, use this a reminder as to why people say to limit your exposure!

Credit to /u/UnderCover428/ for the post.

Link to the original post:

https://www.reddit.com/r/UKPersonalFinance/comments/vcymmu/let_the_crypto_crash_be_a_reminder_to_us_all/

And remember:

Always. Do. Your. Research.


A token of Gratitude - Intro - Part 3

https://preview.redd.it/u31vmmuf9z591.png?width=1372&format=png&auto=webp&s=3f850a7aaef65edaced74bbd1e488f712cb3df6c

We sometimes see the WWW represented as a 🌐 spherical network or a network globe, but just like the founding fathers started off America, the internet was founded and expanded by greedy corporations. So, due to the hierarchical nature of corporations, it became a 🔺 pyramid, not a unified 🌎 biosphere as it was meant to become.

The WWW is founded from greed and it ignorantly sustains the 6th great extinction event. It is time for our species to evolve to a Biosphere Web that connects everything from gratitude to ∞ infinity.

You see, the pyramid is a symbol that represents division, as opposed to a biosphere that represents unification or unity. The pyramid is a knife that cuts, it can never be an agent of unification.

Today, the 🔺 WWW divides the world while the 🌎 Biosphere Web truly spans across the planet and unifies our world, our biosphere.

[...] Continue reading our white paper here: www.gratitudetoken.world/white-paper

Useful Links

GitHub | Discord | Reddit | Media Release Kit

“Social” Media

Twitter | TikTok | Instagram | YouTube | Facebook

Read the White Paper:

White Paper

#gratitude #gratitudetoken #tokenofgratitude #grat #blockchain #bitcoin #marketfear #token #crypto #decentralization #opensource #monetarysystem #currencysystem #personalinformation #privacy #identity #biosphere