4 Threads of the Week

"You can't live a perfect day without doing something for someone who will never be able to repay you." — John Wooden

Gm frens.

Welcome to another dose of Psychedelic Toad where we sometimes have to pretend to like the song our friend just showed us – or worse, a song they just made themselves:

Here's what we got today:

• 4 Threads of the Week

• Quick Tid-Bits

• Meme of the day

4 Threads of the Week

1) Previous Goldman Sachs analyst turned CEO gives us 10 reasons why 90% of investors lose money in the market. If you feel like you've read 50 different variations of this cliched thread before, then you're probably not wrong, but nonetheless, nothing wrong with these reminders during one's investing journey:

2) An expert NEET (definition of NEET explained in another brilliant thread here) shares his thoughts on gaming the wage-cage system:

3) It's clear Soul Bound Tokens (SBTs) will be the next big token format that will unlock all kinds of use-cases in the future. Thus, getting familiar with them now will allow one to gain an edge to properly capitalize when they release. Tweezers gives us a great thread with actual examples on its possible use-cases:

4) Chainlink God being Chainlink God and dispelling the FUD concerning Ethereum's incoming switch to POS (proof-of-stake). People are betting on the current POW (proof-of-work) chain having value after the Merge, while others betting on it going straight to 0.

Quick Tid-Bits

• Blackrock, the world's biggest asset manager with $8.5 trillion assets under management (AUM) has partnered with Coinbase to make crypto directly available to their thousands of institutional investors. "Our institutional clients are increasingly interested in gaining exposure to digital asset markets and are focused on how to efficiently manage the operational lifecycle of these assets,” Joseph Chalom, global head of strategic ecosystem partnerships at BlackRock, said in the blog post." Source

• Voyager finally got bankruptcy court approval to return cash deposits, up to $270 million in customer cash. Source

• Two brothers used fake, anonymous identities to create the illusion of developer activity and community for a slew of Solana projects. Looks like the new L1-blockchain Aptos is their new target. Source

• Meta has announced they're rolling out NFTs to 100 more countries and usability on Instagram. Source

• Apparently Meta's new AI Chatbot is Christian (and later self-identified as Pentecostal)

Meme of the day

Until next time frens.

All my best,

~ Basel