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Leicester

šŸ‘¤ Speaker
1280 total appearances
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Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

That's excessively dehydrated.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

That's how bad it was.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

Crypto mining was the only thing that got me out of that rut to buy me some time until I was able to get back stable, which took some time all the way to 2023, frankly.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

But the thing is,

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

a lot of crypto projects were spinning up and you had things like unmindable and unmindable lets you quote mine different cryptocurrencies, even if they're not directly mindable.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

And all they're really doing is mining some other cryptocurrency that is proof of work selling for proceeds.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

And then you can get these other coins.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

And so then a lot of these one, these one offs were spiking because of the price spikes of Bitcoin.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

when Bitcoin's running up, Ethereum runs up, all the other chains run up.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

Ethereum, I think got as high as 4,800 bucks at that time.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

This is still proof of work.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

Now, mind you, there were a number of projects that were created,

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

Some are Ethereum, but the vast majority of Binance Smart Chain.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

But some of them are Ethereum.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

For example, SafeMoon, you may or may not have heard of.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

Satama, you may or may not have heard of.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

Tatano, Libero, Seifu.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

A number of these projects, Para Inu, Keanu Inu, SHIB even.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

SHIB was originated a little bit earlier than that, but that was its peak.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

all these projects had a different message and different approaches to the message shiv's message was really we can be basically a payment we don't have reflections we don't have burn we could just be payment we could take over the world and it had its pumps and spikes largely because it was a meme coin era shib then inspires others