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Trashpirate

@trashpirate.eth

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21 Followers
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Why work for your "bag"? Many think that they only need to "invest" some money in crypto and they will magically get rich and create generational wealth. But this could not be further from the truth! At least not in the time horizon people often have in mind. The miscalculation many make is that they think they can repeatedly click a button and turn a few bucks into a Lambo - just need to find the right one, right? But this is exactly as it sounds, a lottery. Not sure about the odds here but they are likely very low. Would you recommend to anyone making "buying lottery tickets" their main strategy to improve their financial situation? Likely not. You can make a ton of money in crypto and the opportunities are vast, but don't get fooled when someone says it's passive or easy. It comes with a lot of learning, persistance, and sacrifices - years of it.
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While researching on how to deploy smart contracts on Tron (as it is THE chain right now) I looked at http://apenft.io which is proudly highlighting their support for "Tronscriptions" (aka inscriptions on Tron). Reading up on it, I came across this short but surprisingly insightful article. It explains how inscriptions are done and how they are really not useful on chains such as Ethereum (and Tron for that matter - sorry "Tronscriptions"!). The author then concluded the article with some personal experiments on inscriptions and found that the most gas efficient way to inscribe on a chain (I assume this is exclusive to EVMs) is using errors 😲 Thought that was kinda cool... Leave a comment if you think there is a good use case for inscriptions on EVM chains. I would love to learn more! Article: https://medium.com/@web3nomad/ethereum-inscriptions-101-guide-and-overview-of-different-types-ethscriptions-and-ins-20-insc-f5db6e10b756 @trondao @justinsuntron1
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Why is it that most people think that arbitrage is a bad thing? Arbitrage takes advantage of inefficiencies in the markets and provides us with an equal price across multiple liquidity pools. Our project EARN has multiple liquidity pools on different chains. We purposely designed it that way as it allows to take advantage of the different price movements of tokens the pools are setup with. For example on @ethereum, we have the $EARN token paired to ETH, while on the @0xtobby $EARN is paired with BNB. ETH and BNB move differently in price, creating arbitrage opportunities between the pools. Arbitrage ensures equal prize while stabilizing the effect of the underlying assets (BNB, ETH, etc.). Pairing a token to different assets, and arbitrage thereof, not only mitigates risks of negative price movements while creating more exposure to potential positive price movements. If you know of an example where arbitrage is a net negative for an asset, please let me know in the comments 👇
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