Sam-Bankman Fried, Elon Musk, punk6529 all have something to say this week — and not everyone wants to hear it.
"Yes, it's the Twitter round-up, where we showcase the very worst of the worst tweets from the past seven days. Get ready to be horrified, disgusted, and maybe even a little entertained as we expose the Twitterverse. You won't believe what people are posting online, so sit back, grab some popcorn, and enjoy the show!"
(Brought to you, slightly-edited, by ChatGPT)
Who Went Viral This Time?
Loads and loads of topics to cover this week, so this week’s viral section pales in comparison to some other threads.
But three candidates still made this week’s cut, one of them being the ever-insightful punk6529 with a thread on SBF & FTX:
Yet another thread!, you cry out in agony. Yes, punk6529 is an institution of Crypto Twitter, so if he threads, we listen. And if you’re too lazy reading the whole thing because you muted anything SBF-related, tweet no.36 contains the sauce: “36/ Finally, what does this have to do with crypto? Well, close to nothing. This is a failure of the custodial system, not the non-custodial system.”
Phew, good to know!
Next, a valuable thread by blainemalone on EVM storage and how it works:
Don’t worry if you don’t understand a thing. That’s Ethereum, so trust Vitalik and all will be fine.
Last one was this nice alpha leak by karl_0x:
Keep your eyes on the DeFi space and some of those Grayscale altcoin holdings to not get surprised by the rollercoaster.
Moving on to the spicy part…
Who Is Arguing In Way Too Public A Place?
The Crypto Twitter drama these days is all about these three men:
- SBF
- Bitboy
- Mario Nawfal
Let’s start with influenza-turned-citizen-journalist Ben Armstrong aka Bitboy. After his visit to the Bahamas, there are some, ahem, interesting developments taking place:
So, uhm, Bitboy is now one of the good guys? Wasn’t he following the classic shill-and-dump influencer business model? FatManTerra reminds us that Saulus may not be Paulus yet:
He doubled down on his position after Bitboy hit back:
Citizen journalism or shameless marketing campaign? You be the judge.
Pretty much the same can be said for exhibit B in the “controversial Crypto Twitter influencers” collection: Mario Nawfal.
He came out of nowhere, and we covered two weeks ago how not everyone is buying his “concerned influencer” gimmick. This week, he hosted a Twitter space with SBF, but that didn’t do his fanbase among Crypto Twitter vets much good:
Yikes!
It didn’t stop Mario from hosting another Space with Elon later this week, so this is probably not the last bit of flak he got…
Elon Building Twitter
The Elon-building-Twitter juggernaut continued at full speed last week.
First, Apple caught some fire from Elon when they apparently threatened to pull Twitter from the App Store (was never going to happen).
Then Kanye West f***ed around and found out when Elon banned him again (praising Hitler rarely works).
Then the Twitter Files were released, a series of internal communications at pre-Elon Twitter that confirmed both political parties abused it to push narratives (but the Democrats probably did it more).
And finally, Elon consulted Vox Populi again to find out whether Edward Snowden and Julian Assange should be pardoned (80% said they should be).
And in the middle of all of this, Crypto Twitter pitched in with a few useful suggestions on what should be improved:
Nope, Twitter is definitely not dead. It’s probably never been more alive…
Saylor Saying Stuff
Nothing too interesting from Michael Saylor this week, but he did share a couple of nice (AI-generated?) visual summaries of his stance on Bitcoin:
Presumably hope that it outperforms Ethereum dies last…
Talk of the Town
lightning integration
wsj gud paper
congressmen
There was a lot to talk about last week. No shortage of talking points but we picked these three:
- The everywhere-FUD
- The SBF apology psyop
- The viral AI chatbot
First, the FUD.
No shortage of potential FUD victims. First, it was Nexo potentially going down:
Then a nice FUD thread on GMX (TLDR: bad product design):
Or how about some CZ FUD?
Ok, if you already can’t tell who’s still solvent and who isn’t, here’s your easy cheatsheet to contagion:
Now that the FUD’s out of the way, we can focus on the second big topic: Sam Bankman-Fried’s crocodile tears.
No, Sam did not appear physically in New York for the promised NYT interview. But he did the next best thing, a Zoom call. That was after his call with Tiffany Fong (and before the infamous Mario Nawfal Space).
So, how did the interview go?
Well, depends on who you ask. Not too well, according to Nic Carter:
Or pretty well, according to FatManTerra:
But both FinTwit and Crypto Twitter agreed that SBF was and is a crook:
Only Kevin O’Leary didn’t get the message (again):
The Sam Bankman-Fried Remedy Tour 2022 probably isn’t done yet, but Crypto Twitter would do itself a service to move on from it to more interesting topics…
…such as artificial intelligence:
If you’ve been under a rock (or didn’t open Twitter at all last week), here’s the short version: there is a preview version of a chatbot based on GPT-3 (a language model) that can produce stunningly good answers to all sorts of questions. Like, say, a new tokenomics model for the next bull run or a story about how SBF lost customer funds:
Not everyone on Crypto Twitter appreciates the AI’s creativity when it comes to creating poems:
You can give it a try yourself because we will hear much, much more from ChatGPT over the coming days and weeks…
Our Favorite Coinfession
This week’s Coinfession is beautiful and brutal and bamboozling all at once:
Your friends’ mothers are not your exit liquidity, anon…
Memes
Wrapping it up with a couple of relevant memes about…
Pre-ChatGPT-Twitter:
The government’s approach to safeguarding your finances:
SBF’s unexpected transformation:
See you next week, fellow chatbot-enjoyooor
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
CoinMarketCap is not responsible for the success or authenticity of any project, we aim to act as a neutral informational resource for end-users.
