Crypto
Forays into blockchain, NFTs and POAPs live here. I write about minting POAP tokens at family events, celebrating Ethereum’s 10‑year anniversary by creating an NFT and even using monitoring services to keep my POAP feeds up and running.
POAP 7062580 at POAP Fun 2.0 - User feedback.
Today Bitcoin finally broke through the $70,000 resistance it had been bouncing off of for days now and immediately jumped past setting a new all-time high. Ethereum had also been bouncing against $4,000 resistance and went through that. The run-up in price over recent weeks is wild.
Today Gnosis Chain activated the Dencun upgrade before Ethereum. I run a validator on Gnosis and POAP tokens are also issued on Gnosis. Gnosis vision of a multi-chain Ethereum ecosystem makes sense to me.
The Dencun upgrade has been activated on the @gnosischain mainnet!
— Gnosis Chain (@gnosischain) March 11, 2024
🐡🦉🐡
Next ➡️ Ethereum Mainnet pic.twitter.com/S6GKhfe3TX
Bitcoin near or at new all-time highs today.
POAP 7043185 at TechConnect 2024 - Speaker.
How I burned $10,000
Meme coins are one of the parts of the crypto ecosystem that I have no interest in. They are pure speculation. I’m fine if folks want to do that, but it’s not my thing. I’ve never owned any Dogecoin. A little over a year ago when BONK launched as a Solana version of Dogecoin I didn’t pay any attention. 🪙
I received alerts of incoming transfers of BONK tokens into my Solana wallet. It turns out as an owner of Famous Fox NFTs I received special airdrops of BONK tokens. A lot actually. I was annoyed by the clutter and without thinking much about it burned 394,305,096 Bonk tokens that were cluttering up my wallet. 🔥
Well, as it turns out BONK has traded actively. My nearly 400M burned tokens were worth as little as $70 at the 1-year low of $0.0000001763… and $10,000 at current price the current price of $0.00002536. 😳
I guess “easy come, easy go” as they say. On the bright side I don’t have to bother with the tax treatment of the air drop. 🤷♂️
Posting this on leap day means I’ll only revisit this mistake once every four years in my On This Day page.
POAP 7025662 at TechConnect 2024 - AI Challenge.
POAP 7025255 at SPS TechConnect 2024.
ENS: Blockchain Native Organization
The section from the ENS DAO February 13th update impressed me.
In January 2024, the ENS Protocol registered 39.8k new .eth domains, bringing the total to 2.1 million. The protocol generated revenue of $1.3 million during this period, all of which was allocated to the ENS DAO. The number of Ethereum account holders with at least one ENS name increased by 33.9k, totaling 818k. There were 31.7k primary ENS names set, making the overall count 737k. Additionally, 8k new avatar records were created, reaching a cumulative total of 149k.
Ethereum Name Service is doing an amazing job showing how a crypto service can work. This is a $15.6M run rate driven completely off the protocol. That all goes into the DAO with a robust governance structure. As an ENS token holder I can vote in the DAO, or delegate to others.
They are creating the blueprint for how you can create a blockchain native organization.
POAP 7006451 at RIP SPS Portal.
