Su Zhu gets arrested, while Saylor buys the pico top — but this week's recap is dominated by the one and only: Ben Armstrong, formerly known as Bitboy.
Gm,
How would you feel if your Lamborghini got extorted?
You would probably be pissed. Chances are you’d try to get it back from the scumbag who took it from you.
You definitely would not want to get stopped by the police while you’re on this mission.
But that’s exactly what happened to Bitboy a few days ago. Here’s a recap of what went down in the future of France last week…
Whose Threads Are a Must-Read?
Has any project been covered as much as friend.tech over the last months?
In a slow market, this is the only application generating any kind of interest. That is probably because friend.tech is hinting at a fat airdrop that is coming after its first six months. Javier Ang from Blockcrunch wrote a great post about the airdrop design of friend.tech and why it is so powerful:
TLDR: the FT design could easily become the new norm because the points-based airdrop model delays the token distribution and engages users while gathering user feedback and key usage metrics before the token launch.
Read also: What Is SocialFi? The Latest Crypto Narrative
There was another hot project pumping last month. Toncoin, the cryptocurrency of the Telegram messenger app doubled its price from mid-August until mid-September. Joel John makes the case for Telegram as the crypto superapp:
TLDR: Telegram's large userbase presents an opportunity for crypto-native apps to acquire , and there is potential for applications that require high transaction frequency and low costs to scale on Telegram.
Read also: CoinMarketCap Telegram Bot 101
If you feel like Crypto Twitter has become dumber over the last year (yes, seriously, even dumber), that may not be Elon’s fault. Or maybe it is. But there’s something else going on there. We are at peak ignorance in crypto, says Ken Deeter. And that is a good thing, apparently. Here is why:
TLDR: The gap between perception and reality of crypto could not be larger. But in reality, crypto is making a lot of progress.
Would be neat if Ken was right and we can use crypto for more than just imaginary internet tokens in the near future.
If the constant bear posting on the timeline has gotten to you, you are simply NGMI. It’s not enough to be bullish. You have to be turbobullish when others are capitulatooooring. That is smiley’s argument in a nutshell:
Stay on top of the game and read our weekly round-up to know what is happening in crypto.
Who Is Getting Arrested In Way Too Public A Place?
Bitboy has graced Crypto Twitter with many a story. But has there ever been anything like livestreaming your own arrest in the history of influenzas doing stupid s**t?
Oh boy, this escalated quickly.
What’s that, you missed the backstory you’re saying?
Obviously we got you covered:
Sometimes what you see is what you get. Heck, Bitboy pretty much gave you a heads-up on what was going to come:
But in all seriousness, it’s all good again for Mr Armstrong. He is back to the show like normal. He just had a little anger issue, but c’mon man, his Lambo was stolen:
The meme section this week is stacked, but let’s see what else happened on CT…
Talk of the Town
Are the Bitcoin spot ETFs the end of crypto as we know it?
Crypto Twitter was split on this, after Trading Lord made the case for “BlackRock bad”
Interesting take, but aren’t most people in crypto just there for “numba go up?” Specifically dollar number go up. So maybe it does not matter if Bitcoin gets “captured.” Most of Crypto Twitter just cares about wen ETF pump. Soon ETF pump, says Penguin:
Michael Saylor is ready for it; he topped up his holdings with another 5,445 bitcoin. But is this really bullish?
Now you know why we’re in a crab market. Not even the resident animals can agree on whether we are going up or down.
One more reason to be bullish is – but you won’t believe it – US politicians. Slowly but surely, they’re assembling a team against Gary Gensler:
Then another reason to be bullish is to change your perspective:
How about this reason: another crypto villain got arrested last week. No more Zhupercycle for the next four months:
Now you just need to be aware of the AI deep fakes before you go in deep into the latest investment opportunity. Cause they are becoming pretty darn good:
Memes
Meme section is stacked this week.
Something for the gamers:
And great tunes dropping:
See you next week following the future of finance!
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