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Bitcoin Market Journal

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HEALTH, WEALTH, AND HAPPINESS

July 18, 2022

"Innovation is ... the act that endows resources with a new capacity to create wealth."

- Peter Drucker

This Wed July 20 @ 6:30 pm ET:

Mastering the Art of Meme-Making! 


In this hands-on workshop, we'll show you how to create successful crypto memes that drive community engagement (plus: how to interpret them as crypto investors).


This exclusive online event is available for paid members only: click here to RSVP and get the Zoom link.


(If you're not a paid member, become a Blockchain Believer to get instant access to the event -- and all past workshops as well!)

Whale Reads



Whale Reads

Worthy news for aspiring whales


Top Blockchains in the Bear Market (Messari): We want to shout it from the rooftops: BLOCKCHAINS ARE ABOUT PEOPLE!


Healthy blockchains, with lots of active users and wallets, are better investments than tiny blockchains with a lot of hype but no users.


This research report shows the top EVM blockchain platforms by the number of active wallets and users.


(EVM = Ethereum Virtual Machine. Think of it as "Ethereum-compatible.")


Investor takeaway: The chart below is all you need to know.

Your Money is Growing



Your Money is Growing

Truth, in numbers


Here are the healthiest EVM platforms by recent 5-day average:

  • The horizontal axis is daily active wallets;
  • The vertical axis is daily transactions;
  • The circle size is current market cap.

(Courtesy Messari)


Ethereum and BNB Smart Chain are the healthiest ecosystems, in the upper right: no surprise there. But look at Polygon (MATIC), which is processing just as many daily transactions, despite having a far smaller valuation.


Investor takeaway: Known for its faster processing times and vastly reduced fees, Polygon is Ethereum-compatible, and people are actually using it.


For blockchain investors looking for real users, Polygon is worth a second look. (Paid members can download our Polygon Investor Scorecard.)



Block Market Daily

 with Mati Greenspan


Hi everyone,


I got rugged!!


Pretty crazy to think that I've been actively involved in the crypto industry for over 9 years, and this is the first time I've ever been hacked. Glad to share the full story exclusively for you as well as what I learned from all this.


Following the success of The Saudis NFT collection, it was quite clear that a Jew meme series would likely do well. Especially given some of the misconceptions about our tribe that have floated around these last few hundred years, and more because many of us are quite active in the crypto space.


The discord quickly blew up right before my eyes and the Twitter account for The Jews NFT is now at 69k followers after being created last week.


With the free mint only offering 1 per customer, I was quite sure that whatever I would receive randomly from this event would not compare to the fine quality of the above right picture. So I was delighted when the website told me I can have two free mints.

Fished in Style


Alas, the link which appeared in the top left box of the project's official discord server was actually a scam. A site designed to look exactly like the original project but when I signed the transactions instead of giving me something for free, it zapped several of my prize possessions out of my wallet.


It took me about an hour and a half to realize something was amiss since I was moderating a panel that day, but let me tell I nearly had a heart attack when I noticed my two Bicycle cards were no longer with me.


The luck I had was that the scammer was selling everything they stole just under floor price for the respective collections, so the one-of-one Ace of Spades and one-of-one Queen of Hearts that cost me nearly $30,000 in the bull market were listed for $55 each. The jerk clearly didn't know what they'd stolen, and I managed to get them back just before the sun went down on a Friday afternoon.

The ClosedSea


Nobody seems to know why, but OpenSea had delisted The Jews for over a day, though it's now relisted.

a83463ec-1b15-324e-522c-5a08d4cefb37 image

For over more than 24 hours while the collection was delisted, OpenSea did not give any sort of rationale for their centralized decision to remove the collection from their marketplace. Even if you did own a Jew in your wallet, it would not appear in your OpenSea profile.


The communications I've seen seemed to indicate that The Jews had violated OpenSea's terms and conditions, though they did not specify which term or condition caused them to exile us. Furthermore, OpenSea's claim that they've "communicate[ed] with the creators" was denied by the collection's official Twitter account. What's worse, there were still plenty of scam knock-off collections listed and trading. So, if anyone was looking for the collection there, they would have more than likely bought a scam.


This sort of centralized action against a project is clearly a violation of the principles on which Web 3.0 was founded. Blockchain is supposed to be censorship-resistant, and OpenSea taking unilateral decisions against a certain project, even an outright scam, is the broken path of Facebook and Web 2.0 networks. Nobody should be the arbiter of truth or the protector of consumers.


People need to assume personal responsibility. I got rugged, and that's on me. But this sort of authoritarian reaction from OpenSea leads to a slippery slope that ends up with centralized power. and we all know where that leads.


Good thing is, because Ethereum is the base layer and not OpenSea, I was easily able to transfer ownership, view and even buy a few more pieces from this collection using other tools. Because the biggest market boycotted the collection, I even got them for a great bargain.


As more tools are built, the less we'll rely on specific websites like OpenSea. Their days of being the behemoth are numbered, and we are moving forward as a species.

Have an awesome week ahead!!


Best regards,

Mati Greenspan

Analysis, Advisory, Money Management

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Bitcoin Market Journal is a daily newsletter that makes you a better crypto investor. It is created by Evamarie Augustine, Charles Bovaird, Mati Greenspan, John Hargrave, and Alexandre Lores.


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