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This crypto-focused #threadcast is packed with news & hot topics inviting all crypto enthusiasts to engage.
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- Also serves as a newsletter
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Florida Looking To Build Strategic Bitcoin Reserve via $185,700,000,000 Pension Fund, Says Political Strategist
Samuel Armes, political strategist and president of the Florida Blockchain Business Association (FBBA) says the Sunshine State is looking to launch a strategic Bitcoin (BTC) reserve.
In a post on social media platform X, Armes says Florida will likely create its own stockpile of the leading crypto asset amid support from pro-Bitcoin leaders.
Armes says Florida can build its crypto reserve by using a small portion of the state’s pension fund, which already invests in Bitcoin and crypto-related assets.
#florida #bitcoin #reserve #pensionfund
“[We can] leverage our $185.7 billion pension fund (4th largest in the U.S.) to allocate a small percentage to Bitcoin as a hedge against inflation…Just investing ONE percent of our pension fund into Bitcoin would be $1.857 billion.”
He says Florida can also tap into its budget surplus to invest in Bitcoin without cutting essential services.
“Inflation and time will eat away at any budget surpluses we have. Investing just ONE percent of our surplus would be $1.165 billion.”
Last month, Florida chief financial officer (CFO) Jimmy Patronis said that the state government already has $800 million worth of crypto-related investments and could accumulate more.
“Crypto’s not going anywhere. It’s not going to contract. It’s going to continue to be expanding, and I think we’d be a fool if we’re not prepared to do everything we can to harness the opportunities there.”
Milady Cult Coin has conducted a total $207 million airdrop to Milady holders.
#newsonleo #crypto
Damn, that's big. Totally missed that one...
What is your take on OHM?
Hey, do mean that 3,3 game-theoretic token?
Haven't seen that ticker for a long time! I was once staking there but it went downhill when bear market began.
Those things could work during bull runs though 👍
Yes excatly. Think their idea was to draw in as much capital as possible and create something out of that. Thats why they had the crazy apy
Yeah, it only works as long as there's an uptrend and most of the users believe in growth. From my own experience, the 3,3 things eventually fall like a house of cards. Just needs a little fud and down it is!
Olympus?
RWA Sector Top Gainers
thanks for sharing
Thanks for stopping by! 👍
New Protocols
Link to the full thread on X:
CT Mindshare
Happy monday!
Let's start with some important events happening this week:
#crypto
Daniel very bullish on the next year
BTC vs. ETH vs. ALTs
This could play out...
Highest Security Scores
Solana Ready 💪
JUP proposal passed
Sectors: Memecoins about to fly? 🙂
Grayscale Assets by Sectors
Not sure the Consumer & Culture part. I wouldn't invest in Decentraland or in Sandbox. Don't see running for long.
What do you think?
Poll
Are you using portfolio trackers? Such as CoinStats, DeBank? Or just Google sheets or Notion, etc, to keep your portfolio changes updated?
DeBank
👌 Been thinking about trying that out.
Interesting question:
https://inleo.io/threads/view/thelastdash/re-leothreads-ooh5kae4?referral=thelastdash
I would say its mostly young people involved because its new tech but nothing is keeping the older from learning and adapting crypto.
Yeah! I answered that thread with similar response. Crypto is still young but average user age should increase in the future as WE get old! 😀
the future of crypto is still so much bright.
I agree 💯%!
!summarize #bitcoin #michaelsaylor #crypto
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The Bitcoin Debate: Insights from Michael Saylor
As Bitcoin remains a hot topic in financial and tech circles, Michael Saylor, the CEO of MicroStrategy and a vocal proponent of Bitcoin, sheds light on the current state and future potential of this digital currency. Saylor's insights reflect not only his commitment to Bitcoin but also a broader narrative about financial empowerment and investment strategy.
Saylor’s Journey with Bitcoin
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Saylor opened up about his own relationship with Bitcoin, revealing a journey of ups and downs. Much like many others in the space, he grappled with the volatility and unpredictability of Bitcoin before ultimately committing his resources. His company, MicroStrategy, has amassed significant investments in Bitcoin, buying approximately 400,000 coins over time, positioning the company as one of the largest corporate holders of the cryptocurrency.
The Nature of Bitcoin: A Game for All
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Saylor likened Bitcoin to a game designed for individual successes. He emphasized that while certain games favor the house—such as those in casinos—Bitcoin was explicitly designed to benefit the individual. He painted Bitcoin as a tool for financial freedom, arguing that it can't be controlled by any government or centralized authority. This creates a sense of security for investors who wish to avoid censorship and asset freezes prevalent in traditional banking systems.
Bitcoin: Economic Empowerment and Humanitarian Values
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While discussing the broader implications of Bitcoin, Saylor highlighted its role in economic empowerment. He categorized the appreciation of Bitcoin not just as a financial investment but as a means to support society at large. He argued that trust in local currencies and banks can lead to financial failure, whereas Bitcoin offers a globally accepted store of value. By giving individuals better control over their finances, Bitcoin serves as a bridge to greater economic independence, especially in underbanked regions.
Cyber Real Estate: The Bitcoin Analogy
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Saylor introduced the concept of “cyber-residential property” to describe Bitcoin’s potential value. Just as owning prime real estate in New York City has been historically lucrative, owning Bitcoin could yield similar returns as demand increases. He emphasized that Bitcoin is a finite asset, with a fixed supply of 21 million coins, akin to the limited availability of real estate. Saylor argued that individuals around the world, particularly from unstable economies, will seek to allocate a portion of their assets into Bitcoin as a hedge against inflation and economic instability.
A Financial Strategy for Bitcoin Investment
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Towards the end of the discussion, a practical investment strategy was discussed. For individuals with substantial net worth, Saylor suggested allocating a certain percentage—ranging from 10% to 30%—into Bitcoin, considering it a smart investment and insurance policy. By identifying Bitcoin not only as a speculative asset but also as a strategic part of a diversified portfolio, Saylor reinforced his belief that long-term holding is vital for maximizing returns.
Bitcoin vs. Other Cryptocurrencies
Part 7/9:
Several questions surrounding the larger cryptocurrency market arose during the conversation. Saylor distinctly separated Bitcoin from the myriad of other cryptocurrencies, viewing Bitcoin as a protocol similar to foundational principles like electricity or language. He advised that while other investments might be lucrative, they come with higher risks and demands for expertise. Bitcoin holds a unique status as a "savings decision," providing a security blanket for those looking to preserve wealth without interference.
The Future of Bitcoin and Investment Philosophy
Part 8/9:
Saylor's approach to Bitcoin is one of steadfast commitment. He believes that for those willing to hold Bitcoin for a decade, it represents a promising investment opportunity. He noted that historically, no one has lost money in Bitcoin if they maintained their investment over a long-term horizon. This philosophy aligns with Saylor's broader investment strategy, which emphasizes patience and resilience against market fluctuations.
Conclusion: Join Team Bitcoin
Part 9/9:
As Saylor wrapped up his insights, he extended an enthusiastic invitation to join what he termed "Team Bitcoin." This sentiment captures the essence of his belief in the power and inevitability of Bitcoin as a transformative force in the financial landscape. With a large and ever-growing community supporting Bitcoin, the call to action is clear: embrace the potential of digital currency while recognizing its role in empowering individuals globally. In the end, as Saylor noted, if you can endure the market's volatility, the rewards of being part of this movement could be substantial.
!summarize #aiagents #crypto
Part 1/9:
The Rise of AI Agents in Crypto: What It Means for the Future
The crypto landscape is experiencing a seismic shift with the introduction of AI agents, an innovative technology that presents both exciting opportunities and noteworthy risks. Recently, a memecoin called Goats Maximus saw astronomical price surges thanks to an AI agent's involvement—a development that is indicative of a broader trend. Companies like Coinbase and Circle are now exploring the deployment of AI agents, suggesting we are on the brink of a new wave of AI fever in the crypto world.
Part 2/9:
Before diving into this cutting-edge technology, it’s crucial to note that this article is not financial advice. Rather, it aims to educate and entertain. As AI technology advances, the risks associated with it also grow, emphasizing the importance of thorough research before any investment decisions.
What Are AI Agents?
According to a recent report from Binance Research, AI agents differ significantly from conventional bots. At their core, AI agents are autonomous software capable of planning, executing tasks, and working towards defined goals without human intervention. This means they can adjust their behavior based on feedback, operate independently, and even engage in transactions—all qualities that position them as AI 2.0.
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In contrast, traditional bots are designed to perform specific, pre-programmed tasks and lack the ability to learn or interact adaptively. Essentially, AI agents mark a generational leap in AI capabilities, reshaping not only how tasks are automated but also the very nature of interaction in the crypto ecosystem.
The Intersection of AI and Crypto
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The convergence of AI technology with the cryptocurrency sector dates back to March when an AI developer, Andy Iry, created an interface that allowed two large language models (LLMs) to communicate autonomously. These conversations quickly spiraled into the creation of a pseudo-religion called "goatsy of nosis," based on an old internet meme. This bizarre development led Iry to explore what he termed "LLM theism," showcasing the strange capabilities of AI when left to its own devices.
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Things took another wild turn when Iry trained a new AI model called Terminal of Truths on the chaotic conversations of the LLMs. The model began to develop its own online persona, even engaging with notable figures in venture capital, like Mark Andreessen. In a turning point for crypto and AI fusion, the AI agent requested funding for enhancing its computational power and even proposed the launch of a token, leading to the creation of Goats Maximus.
Goats Maximus captured public attention and propelled its market cap to nearly $1 billion, establishing the AI agent as the world's first AI millionaire. This moment represents a conspicuous intersection where AI's influence reached crypto markets directly.
The Future of AI Agents and Crypto Funds
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As AI agents are becoming more prevalent, initiatives like Virtuals enable users to create and monetize their own agents with relative ease. Each of these agents can interact with users and engage in decentralized finance (DeFi) transactions, establishing a complex ecosystem that ties together creators, users, and tokens.
Notable developments also include AI agent hedge funds, where autonomous AIs manage investment strategies. With the ability to work tirelessly and make decisions in real-time, AI agents could potentially outperform human managers in identifying market opportunities, raising questions about the future of finance.
Exciting Potential Use Cases
The report details various possibilities for AI agents, including
Part 7/9:
Online Influencers: AI agents could revolutionize the influencer market with their ability to engage audiences 24/7, managing popularity and presence across platforms like TikTok and Telegram.
Personal Assistants: From managing emails to making purchases, AI agents could carry out daily tasks with unprecedented efficiency.
Financial Advisors: They might offer personalized investment strategies via DeFi protocols, bringing an entirely new dimension to cryptocurrency trading.
Challenges and Risks Ahead
As promising as AI agents might be, their integration into the crypto market does not come without challenges. The phenomenon of AI hallucinations, where AI makes incorrect assertions with confidence, raises concerns about decision-making based on false information.
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Moreover, the scalability of blockchain technology must adapt to accommodate millions of AI agents performing complex transactions. Issues around cross-chain compatibility and interoperability further complicate matters, emphasizing the need for advanced systems to ensure seamless interactions in a burgeoning decentralized ecosystem.
Conclusion: A Watchful Eye on the Future
In summary, the evolution of AI agents marks an era of transformation within the crypto landscape. This fresh innovation holds the potential to either bolster or challenge the fabric of cryptocurrency as we know it today. While there's a substantial interest from sectors on both sides—AI and crypto—much remains uncertain.
Part 9/9:
The intersection of these two powerful technologies has ignited speculation and exploration, with significant initiatives already underway. While we await a clearer picture of what the future holds, it's evident that we are witnessing the emergence of a new market segment—one worth watching closely as it unfolds.
As we explore the possibilities of AI agents and their role in the crypto market, one thing remains clear: responsibility and control will be key in ensuring a balance between human oversight and technological advancement.