🧠 Alpha and War...

Art Basel, FTX, Gemini, it's all here.

December 05, 2022

GM Seedphrase Nation 👋 We pack these like a mom for school lunch- full of love and little notes. Except yo moms don’t tell you about crypto.

Today's Agenda 📓:

  • ☀️ Crypto influencers all-over Miami!

  • 🦠 Contagion Saga: Coinbase CEO has some Words

  • 🤖 Can AI take over our jobs in Web3?

  • 😂 Meme of the Day

☀️ Crypto influencers all-over Miami!

This weekend was packed with IRL events if you were in Miami. "trust me bro" Alpha was all over twitter this week.

Over the last few days,

  • Frank DeGods got rowdy

  • Pudgy Penguins had a live event.

  • Doodles held a mini-golf event.

What all the crypto influencers were doing in Miami?!

Frank DeGods got rowdy

The most popular crypto influencer, Frank Degods, was forced to do a “shooey” by a contract contribution obligation.

So, if you’re wondering what the devs are doing…

We’re in good hands.

While everyone was there, they filmed a MEGA podcast with Champ, Kmoney, LucaNetz, FrankDegods and Moe was there for the early Alpha!

We are staying tuned because some noteworthy alpha will come up in the next few days. Don't worry, though. We'll cover anything that does come out. ;)

Pudgy Penguins had a SICK live event with:

  • Music

  • Drinks

  • Food

  • Devs

  • Web3 influencers

  • Good vibes.

What more could you ask for? Check out the recap here!

Doodles held a mini-golf event!

Another excellent sign for Doodles holders and a successful event. They are exporting their world into real life and giving holders an experience they can bring home.

These events will only get better as the bar gets set higher.

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🦠 The crypto contagion continues.

The streets are bloody, and people are feeling deeeeeeevious.

CoinBase CEO Brian Armstrong takes a jab at FTX

Straight up.

It will be ironic if Coinbase is caught for the same thing.

But, they are known as the only publicly traded company exchange, so they need to ensure all their numbers add up when earnings come around.

We can only hope they survive the next few months.

Three Arrows liquidators seize $35M.

Liquidators seized $35M, sought $30M more for the superyacht 3AC owned, and took clients/VC aboard.

3AC needs to cooperate with liquidators, or else they could be facing worse things than debt.

The yacht is called “Much Wow,” a parody and nod to the Doge meme.

We’re just seeing players get washed out and the total ripple of the FTX scandal play out.

Charles Hoskinson calls out Gemini for not listing Cardano and claims that not listing ADA is correlated with bankruptcy and risky behaviour.

Will Gemini be the next fallen Titan?

Gemini has yet to reopen withdrawals as its parent company (DCG) owe users of Gemini Earn $900M.

Update from the founders? Cameron and Tyler Winklevoss (The twins that were originally creators of Facebook) still need to clarify when withdrawals will reopen.

🧘 Their game plan: They are still looking for a $1B fundraise to remain operational. Any offers here? 😂

⚜️ Golden Nugget: Gemini will probably blow up. Sorry if you had any money in there.

Will DEXs replace CEXs?

Uniswap had more ETH volume than Coinbase and plenty of other CEXs.

And DeFi is running efficiently despite a bloody bear market.

This poses the question, will centralized exchanges run by people get replaced eventually by the native decentralized ran by trusted code?

Can AI take over our jobs in Web3?

AI never turns out good if we’ve learned anything from movies, Age of Ultron, Terminator, Matrix and countless others.

Will that be the case for Web3?

GPT-3 is an open protocol that enables the Open AI co-founded by Elon Musk to benefit humanity.

The AI program was a very efficient and accurate information search tool, more powerful than Google.

The possibilities are endless for this, and in terms of Web3, an AI could research:

  • Charts

  • Upcoming projects

  • Market trends

  • Risk management

Can they replace us? Short answer: no.

Alex Becker points out how this technology could wipe out several industries within the next ten years.

Two things could happen.

  1. More creative jobs that only humans can do will be created

  2. A lot of people will be out of jobs.

Adapt or die.

🚨 ALPHA from AI 🚨

@SeaLaunch_ asked GPT-3 a series of questions about Web3, including which tools you should use to research for Web3.

The AI says the best tools for Web3 research are:

  • Dune analytics

  • Ethercans

  • Infura

  • Metamask

The other questions were.

Because of the nature of Web3 ecosystems and the complexity of data generated by decentralized networks, without a central authority or organization that controls this data, it would not be easy to access and analyze it in a meaningful way.

But it could help process and analyze large chunks of data to help researchers identify trends and patterns faster.

AI could also provide feedback and introduce researchers to new and exciting questions for exploring areas.

⚜️ Golden Nugget: Humans are still needed, even though AI technology is improving. It’s more for doing systemized grunt work.

So get all the finest research from your homies at SeedPhrase and the Premium Newsletter that comes out every Wednesday!

✋ Side note: This tech is groundbreaking and should be viewed with hesitation. GPT-3 is so powerful it can write a whole research paper with only receiving a basic task.

Could technology be so intelligent that it hacks its way into society and takes over the world? Or is everything already controlled by AI? Maybe this was written by AI. You’ll never know.

Seedphrase Hub ⚡️

😂 Meme of the Day

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research

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