15th February 2022 > > CryptoPunks and crypto dating.

Market Snap (at time of writing)

Market Wrap

That’s a noticeable change in the perpetual future funding rate accompanied by a 10% increase in open interest. Be aware that the risk of a short squeeze is rising.

Stocks rally on the news that some Russian troops are being moved away from Ukraine, whilst 10-year yields break 2%. Fix your mortgages now.

Curious Cryptos’ Commentary – CryptoPunks

Still the gold standard for judging the health or otherwise of the NFT market, CryptoPunk #5822 sold for 8,000 ETH, approximately $24mm, a couple of days ago. That is twice the previous record for the sale of a CryptoPunk.

This is what $24mm gets you these days:

Quantitative Easing – designed solely to make the rich richer and the poor poorer, despite its progressive proponents’ protestations to the contrary – is showing its hand now.

MMT anyone? Nah, I thought not.

Curious Cryptos’ Commentary – We are not Nerds, or at least not all of the time

According to eToro (an online exchange that does not rank in the CCC list but is undoubtedly successful) if you put crypto in your online dating profile you will get more attention.

33% of Americans in this survey claimed that they were more likely to go on a date if someone mentioned crypto in their dating profile.

Perhaps that attention comes from crypto scammers or even simple gold diggers who do not know how to turn on a pc (I know one of the latter too well unfortunately) but hey, any compliment is a good compliment, right?

Over to Ivan Perez, owner of Multiplied - a crypto-focussed PR firm – who says that making it clear one works in the crypto world can be a little demoralising:

“Now that NFTs are generating more mainstream attention, I’ve had women at conferences start to look for crypto-rich individuals. This is frustrating because it puts you in a place of doubt. Are these women interested in me or the industry I work in?”

No woman I have ever met has ever been interested in my 25 years of being a trader, so maybe it’s better to stay a nerd?

Reserve Treasury Protocols (before they all go to zero)

Let us all assume now they have all gone to zero, more or less.

Going forward, this section of the CCC will always be dedicated to very new and very exciting ways of losing money to crypto scams.

I bet you can’t wait.