DeFi mischief, Crypto Trends and Mythology.

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Written by

#Club1BCH

3 years ago

In community: Cryptocurrency and Blockchain(7b7f)

Topics: Defi, Cryptocurrency, 2020, Bitcoin, Atomic Wallet

I noticed that sometimes good posts are getting dislikes, negative comments, just to see someone else writing a similar article few days after. From my experience only quality content and good research can help posts to trend and to become viral. Haters gonna hate.

My post about the downfall of Atomic Wallet Coin (AWC) kept me entertained over the weekend. From a post which I wrote to express my opinions, this turned out to be a hot topic, with many getting involved in the debate. This post over-achieved and made by far more views and tips than well researched posts and coin analysis I've written in the past.

Mundane Market

Good morning beautiful people, it's time to talk again about magic internet money, King Bitcoin 👑 and the block-chain 3.0 hype. If you don't know yet, we now life into the age of block-chain 3.0, the age of consensus, problem solving and development towards interoperability into the economy.The rise of Bitcoin and the creation of the digital currency represents the block-chain 1.0 period and the creation of smart contracts marks block-chain 2.0.

Bitcoin is flying high, currently making waves at $16,000. With the rise of Bitcoin's value the price of shitcoins grows as a result of FOMO, pumps and hype buying. Being the household cryptocurrency expert made me inform my wife about it. She could't care less, and said something about being 7 AM, and some swear words. Motivated by the reaction, I invested all the money from my account into Bitcoin. Time will tell if the $80 were a good investment.

Defi projects are still one of the hot topics in the crypto market. ChainLink maintained the 1st place in the top DeFi by market capitalization, followed by Aave and Synthetix. Watching the top 15 on CoinGecko, I realized that I currently hold 7 of them, Chainlink, Aava, Syntethix, 0x, Dai, Kyber and Loopring. I seen that Ampleforth (AMPL) is considered to be the next DeFi unicorn by some Bitcoin analyst but for me this “adaptive base-money" makes no sense as the number of AMPL in circulation adjusts based on demand and your $50 of AMPL can be 900 units one day and 25 units the next day, as the value remains the same. So how you make profit?

Mythology? Why Mythology?

However as the topic was mischief, jokes and mockery, it was interesting and fun to explore how this was treated in pre-Bitcoin ancient times. Momus was the God of Satire and the personification of mockery in Greek mythology. Another one related with mischievous behavior is Pan, the god of the wild, shepherds and flocks, nature of mountain wilds, often affiliated with sex. Dionysus, the god of the grape-harvest, wine-making and wine, is kinda my favourite, being associated with music, ecstatic dance, parties and alcohol.

As most of us seen the Avengers Saga, the one and only Loki couldn't be left out of the list. He is a trickster, the god of jokes and mischief, and the one responsible for crypto-scams and tokens such as SUSHI, YAM or PASTA. I am 99.99% sure that he is the guy answering back at Atomic Wallet customer support, as the answers are always rude.

Meanwhile, Elon Musk wants to make the human brain to communicate with machines. Neuralink is the first step of Elon's ambitious plans to give people superhuman powers.

The interface could allow people with neurological conditions to control devices with their mind, a mix between Professor Charles Xavier and Magneto. The "chosen" people will merge with artificial intelligence, but they will be able to control the A.I. and avoid the Terminator Saga scenario.

Bank updates, Artificial Intelligence evolution, Bitcoin fighting to go above the $20k barrier, and a lot of cyber-hacks happening this week. All those events made me feel under surveillance. I told my wife to speak in whispers ....