Top tweets of the day – August 21st

Bitcoin Fear and Greed Index is 27 – Fear
Current price: $21,503 pic.twitter.com/2EztzsPD7y

— Bitcoin Fear and Greed Index (@BitcoinFear) August 21, 2022

Number of 7-day active addresses by blockchain#BNBchain 2.94M #Ethereum 1.89M#Polygon 808K#Ronin 264K#Avalanche 126K#Arbitrum 106K#Fantom 78K#Celo 58K#Optimism 31K pic.twitter.com/cRhzh5B9lR

— Coin98 Analytics (@Coin98Analytics) August 21, 2022

Is it true that if a fake Satoshi claiming to be the real Satoshi transferred any of the og #bitcoin then a fake Satoshi would prove he is #Satoshi?

Seems like a judge should just ask them to prove it by doing that – if they can’t then – nope – fake Satoshi.

Right? @hodlonaut

— DJ Valerie ₿ Love????Bitcoin, Peace & Music Podcast (@djvalerieblove) August 21, 2022

Did you know that you can prove ownership of a utxo by signing a message with the private key for that utxo?

This is what one (or many) bitcoiners did for many of the early Bitcoin addresses faketoshi swore to the US court that he controlled

Faketoshi can't sign squat.

— WizardofAus ????????丰????⚡ (@BTCSchellingPt) August 21, 2022

https://t.co/m2Www2HEOb

— WizardofAus ????????丰????⚡ (@BTCSchellingPt) August 21, 2022

Theoretically, he identified a Satoshi address and someone else proved ownership of it.

Can't that be enough proof that someone else has proven themselves to be Satoshi?

Especially if Craig signing a message would have sufficed for the courts, the opposite should apply too.

— BitcoinBarry (@BigBarryBitcoin) August 21, 2022

Former Goldman Sachs executive Raoul Pal says he’s very bullish on Ethereum (ETH) and the crypto markets despite the uncertain price action unfolding in recent months ????

— The Altcoin Hub (@TheAltcoinHub) August 21, 2022

For the first time in half a year, Punks have flipped Apes pic.twitter.com/2bIZ8mTREs

— Cirrus (@CirrusNFT) August 21, 2022

Dont mind me im just here to collect my internet clout pointshttps://t.co/i81Okvca5Z

— Cirrus (@CirrusNFT) August 21, 2022

Why did I sell all my NFTs (BAYC, Moonbirds & co) to invest it all in CryptoPunks?

Hot take ????????????

— Vianney Merian (@vianneymerian) August 11, 2022

1- Most “blueship” NFT projects (BAYC, Doodles, Moonbirds…) maintain their value through utilities.
This means that founders are always under pressure to deliver something to maintain the volume & value of their collection.

— Vianney Merian (@vianneymerian) August 11, 2022

If, for any reason, the founders lose motivation, have personal problems, or fail to provide good utilities. The value of these collections can drop significantly.

— Vianney Merian (@vianneymerian) August 11, 2022

2- The vast majority of these projects have no real business model. They were able to acquire funds only through the mints & royalties.

— Vianney Merian (@vianneymerian) August 11, 2022

If the market continues to be bearish for the next 2-3 years (which is likely). The majority of these projects will have no funds left. And will not be able to release new collections to avoid devaluing their main collection.

— Vianney Merian (@vianneymerian) August 11, 2022

3- To come back to BAYC specifically, even if it is today one of the most secure projects on the market. If they don't manage to deliver a good game with Otherside. I think it could have a direct impact on their main collection.

— Vianney Merian (@vianneymerian) August 11, 2022

4- CryptoPunks is the only safe bet for me. For one simple reason, its value rely solely in the fact that this collection is historical. It's just art, nothing more.

— Vianney Merian (@vianneymerian) August 11, 2022

There are no promises, no expectations, no mistakes that can be made. As long as the NFTs as we know them today (ERC721) last, the punks will be worth something.

— Vianney Merian (@vianneymerian) August 11, 2022