And closes at $328 so a 31% pop on day 1.
Brian has written some pretty good blog posts that are worth your time.
And for posterity, here is Brian's plea to HN seeking a co-founder.
Just a reminder that this company generated EBITDA of $1.1 billion last quarter.
Anyone want to guess what they close at the end of the day, week, month? I'm not sure what the stock price will be so let's guess in percentage terms. Here's my guess for day/week/month closes vs offer price: +20%, +30%, +45%.
I'm not sure why I didn't find this before, but the main Ethereum website is very well written for a newbie. I plan to spend the afternoon reading up on some basic topics.
Over breakfast, I listened to the last MoFi podcast which interviews the creators of Cyberpunk. Very interesting to learn that when Matt Hall and John Watkinson first launched the project, it hardly had any traction. It was first announced to the public via a blog and reddit post to /r/ethereum. At the time, the only way to claim the free Cyberpunk NFT was to own a really complex Ethereum piece of software and use a janky online wallet (MetaMask didn't exist at the time); not surprisingly, there weren't many takers. However, over time as software became more accessible and people started buying the Cyberpunks (first for $1 each, then $10, then $100, etc.) the value of the collectibles started becoming apparent. To date, some Cyberpunks have sold for over a million dollars each!
My takeaway from all this, is that sometimes there is very little downside risk in adopting new things but very high outcomes. It's fun to learn new things but genuine interest should lead first, not lust for money.
To learn more about Cyberpunk:
- Visit the creators website, called Larva Labs
- Christies, the art auction company, even has a post about Cyberpunks
After "winning" a prize from the CoinGecko raffle yesterday, I signed up with Gala Games to redeem my NFT puzzle piece (1 of 9). Not really sure what type of game it is, but figured I could learn how NFTs are integrated into entertainment.
I opened an account with Coinbase in 2014 as part of a promotion to offer $5 in bitcoin to new users. I cashed it out as soon as the bitcoin hit my account. Had I held onto it, the bitcoin would be worth over $1,000 today.
Because I used an old email address, which I don't have access to any longer, I can't log into my account. I emailed Coinbase and got a "We received your email but are currently busy with an influx of new support requests. We will get back to you in the next few days." That was a few months ago and I haven't received a response yet.
For that reason, I decided to create an account with Gemini. With 2FA and lots of security, I feel safer using Gemini than Coinbase. How has your experience with Coinbase been?
The entire crypto market has held steadily at $2 trillion in market cap.
Some people are saying that the biggest risk is that the U.S. bans crypto but I think that is highly unlikely. So many institutional investors are invested that the government will feel the pressure to not ban it.
In Coinbase's earnings announcement, they report $122 billion of institutional assets. Incredible.
First Quarter 2021 Estimated Results*
For the first quarter of 2021, the Company currently expects the following as of or for the three months ended March 31, 2021:
- Verified Users of 56 million
- Monthly Transacting Users (MTUs) of 6.1 million
- Assets on Platform of $223 billion, representing 11.3% crypto asset market share
- Includes $122 billion of Assets on Platform from Institutions
- Trading Volume of $335 billion
- Total Revenue of approximately $1.8 billion
- Net Income of approximately $730 million to $800 million
- Adjusted EBITDA of approximately $1.1 billion
In one month of using Brave, I earned 1.25 BAT (just over USD $1). I don't mind the ads and I like the feeling of being involved in a project early. I hope Brave and BAT become something incredible over time.
Over the last couple days in an effort to figure out how to find my POAP raffle ticket (see prior post), I used an online service called mycrypto.com which is listed as one of the many supported online wallets on Trezor's website; so I felt confident in knowing that it's a legit website.
The interface is rather slick (a little bit too much) and it may be useful for someone that holds a variety of cryptocurrencies. But for someone who only has fewer than five, I think the Trezor Suite is perfectly fine. However, Trezor Suite may not support your cryptocurrency and MyCrypto may. I like the fact that data is not stored on their servers, rather it is stored locally, and users have the ability to easily delete the local data.
I still cannot figure out how to view ERC721 in an online wallet. Please comment below if you know how.
I had this question in my mind today and did some research on this topic.
ERC20
Ethereum is very versatile and allows other types of altcoin to be built on top of it (e.g., BAT). ERC20 is this standard. Anything that is fungible and built on Ethereum is using ERC20. If you would like to see what other coins use the ERC20 standard, you can go to the Trezor website. There are literally hundreds of them. You can also view ERC20 coins in your wallets.
ERC721
Anything that is non-fungible (e.g., one of a kind type stuff), is built using the ERC721 standard. These are starting to get very popular. The most common ones are NBA Topshot and Beeple's artwork that sold for $69 million. So far, I'm not aware of any wallet that supports ERC721 so you cannot view your ownership that way.
Let me know if you have any questions or follow-ups. I find this topic very fascinating. If someone knows how ERC20 rewards ETH holders, please share. I don't think someone who trades BAT is actually paying a ETH fee when transacting but I may be wrong.