Steve (stevebeachy)

My Farcaster reputation just hatched a RARE BasedPenguin with 0 legendary traits! @tashacrypt.eth @liadavid @iirina y'all need to see what yours looks like 🐧 ☝️ created with @neynar app studio

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Everything is just fine 🤣😂

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Right now crypto is testing everyone’s conviction. Some people are completely done with crypto and I understand, the markets have been brutal ! But for those who decide to stay ? The rewards could be life changing !

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Everyone is excited about the Monad airdrop. But what exactly is Monad, and what is the hype about ? Not everyone understands how a blockchain works, so let’s break it down in a way that everyone can understand. Think of Monad Like This: Imagine your school cafeteria. Every student ( that’s like a user ) needs their lunch (that’s a transaction ). The cafeteria workers (that’s the blockchain ) serve lunches one at a time, in order. Now, most blockchains like Ethereum are like a cafeteria with one lunch line everyone waits their turn. But Monad is like a cafeteria with many lunch lines running at once, and they all communicate so nobody gets the wrong meal. That’s the big idea: Monad can process many transactions at the same time instead of one by one making it way faster and cheaper. How It Works (in simple terms) Parallel Processing Monad runs multiple “lanes” of transactions in parallel. If two transactions don’t affect each other, Monad runs them simultaneously. This means faster confirmation and lower fees. EVM Compatible Monad speaks the same “language” as Ethereum called the Ethereum Virtual Machine (EVM). So developers can take an Ethereum app and drop it onto Monad without rewriting it. Custom Engine (MonadBFT) It has its own super fast consensus system (called MonadBFT) that helps everyone agree on the state of the blockchain in under a second. Finality in less than a second = near instant transactions. Low Gas Fees Because it’s efficient, it costs fractions of a cent to do transactions on Monad great for DeFi, NFTs, or games. In Plain English: Monad is trying to be a faster, cheaper version of Ethereum, one that doesn’t break the rules of decentralization or security. Why People Are Excited It could handle 10,000+ transactions per second (vs. Ethereum’s ~15). Developers don’t have to learn anything new. It’s built for scalability so apps don’t slow down when lots of people join. What to Keep in Mind It’s still in testnet, meaning it’s being tested not yet fully live. Like any new chain, it has to prove itself: real world performance, bugs, security, adoption, etc.

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I prefer the real image ! ❤️ Which do you prefer @summitsoul @rosekeyes @girl-ua @sq567

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🚨 What the heck does it mean to get “ catfished “ ? 🚨 All of us here in Farcaster are aware of scams that involve the community as a whole, but there other scams that occur here as well. Scams that are much more on a personal, intimate level, and directed at one person. I’m embarrassed to admit it, but this happened to me. Thank God for @girl-ua that had my back , and presented overwhelming evidence of what was taking place. 🙏 Getting catfished means that someone pretends to be another person online, usually by using fake photos, names, or personal details to deceive someone else often for emotional or financial reasons. Here’s what it typically involves: Fake identity: The person creates a false social media or dating profile. They may even steal photos from someone else’s social media account. Emotional manipulation: They build trust or a romantic connection with their target. Possible scams: Eventually, they might ask for money, gifts, or personal information. Deception revealed: The victim later finds out the person they were talking to doesn’t really exist or isn’t who they claimed to be. For example, if someone online pretends to be an attractive young person using stolen photos to get you to send money or fall in love, that’s “catfishing “ How to Avoid Being Catfished Verify their identity early. Ask to video chat or at least have a phone conversation.Genuine people will usually be okay with that. Check their online presence. Look for consistent social media history tagged photos, friends, comments, etc. Be cautious of accounts with very few posts or followers. Never send money or gifts. Even if they sound convincing or desperate, don’t send money to someone you’ve never met in person. Protect your personal info. Don’t share your address, financial info, or ID photos. Trust your instincts. If something feels “off,” it probably is. Talk to a friend or family member about it before getting too involved. Stay safe out there fam ! ❤️

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Learning Crypto with /sense Secrets of crypto millionaires : Crypto millionaires diversify, but not too much. You’ve probably heard “diversify your portfolio,” but in crypto, the wealthy investors don’t spread across dozens of coins. Instead, they usually hold just a few strong positions. Here’s why 👇 Because Most Coins Don’t Survive Let’s be honest, the crypto market is full of hype. Thousands of tokens launch, but 90%+ die within a few years. Millionaires understand that: “Owning too many coins means owning too much garbage.” So they focus only on high-conviction projects, ones with: Strong fundamentals (real utility, adoption, or revenue), Active development and ecosystem growth, Deep liquidity and staying power. Example: They might hold Bitcoin, Ethereum, Solana, and one or two emerging plays, not 50 random altcoins. They Invest in What They Understand Crypto is complex. Each blockchain has different tech, use cases, and risks. Millionaires don’t gamble, they study and only invest where they have deep conviction. “ If you can’t explain what the coin does in one sentence, don’t buy it.” It’s not about owning everything, it’s about knowing why you own something. Concentration Creates Real Wealth Diversification helps preserve wealth. But concentration builds it. Crypto millionaires often made their fortune by going deep into a few great plays early not by spreading thin. Early ETH believers. SOL buyers in 2020. BTC holders since 2015. They take high conviction bets, then diversify later once they’ve made it. “Diversify once you’re rich. Concentrate while you’re getting there.” They Manage Risk, Not Noise Holding 20+ coins makes it almost impossible to track project news, upgrades, tokenomics, or security risks. Millionaires prefer to manage 5–7 positions max, so they can: React quickly to changes, Monitor on-chain metrics, Rebalance with purpose instead of guessing. They Use Stablecoins & BTC/ETH as Anchors They often structure their portfolios like this: Core Holdings (60–70%)→ BTC, ETH, or SOL Growth Plays (20–30%)→ new layer 1s, DeFi, or AI tokens Cash/Stablecoins (10–20%)→ dry powder for dips That balance keeps them safe yet ready to capitalize. In short: Crypto millionaires don’t chase every new coin, they chase conviction. They’d rather know 5 coins deeply than guess on 50. It’s about quality over quantity and that’s how they stay rich through bull and bear cycles.

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