🧠 Get 5 BTC for doing a captcha?

September 09, 2022

Seedphrase Daily 👋 It's a perfect day to sit back and catch up on Web3.

  • 🧩 People got 5 BTC just for doing a captcha

  • 🚀 $LUNC went 10x in 2 months! Return of Terra?

  • ⏮ Weekly Wrap

  • 👾 Gamestop partners with FTX

  • 🌱 NewSeeds

Imagine a world where you enter a website called freebitcoins.appspot.com, and doing so would give you a free 5 BTC daily.

That world was 2010. 😔

When Bitcoin was still an infant, a software developer named Gavin Anderson wanted to increase adoption as fast as possible.

His answer was to give it away for free.

This led to him making a Bitcoin Faucet website that rewarded users 5 BTC/day for completing a captcha, a program to distinguish humans from robots. Something even a toddler can do.

And in total, he gave away 19,700 BTC, around $1.2B today. 😅

Fast forward 12 years, and cryptocurrency is a trillion-dollar industry with giant corporations and hedge funds investing billions into the market. It's this generation's gold rush.

"If only I did that back in 2010. I'd be rich!"

True. But there's no need to FOMO if you missed this because:

  1. You probably didn't even know Bitcoin existed.

  2. Millions of other people folded this.

  3. There are still tremendous opportunities.

⚜️ Golden Nugget: We are still early enough that NFT projects and shitcoins of Queen Elizabeth dying gain enough volume to feed a village.

52% of the global population is on the internet, and only about 5% of those people currently use crypto. Growth will be exponential in the coming years.

That means there's still time to build even if you have nothing to your name.

These are 4 things you can do to build in Web3 👇

1. Build an audience 👥 - Like any big niche, Web3 needs influencers and voices to spread the message. Because we're so early, everyone plays on a relatively even field. So FILM that podcast, POST that video, WRITE that thread. The worst that can happen is that it doesn't work.

2. Learn to code 👨‍💻 - Information is easier to access than food. Learning to code is as simple as watching some youtube videos and applying yourself to a project. Not only will you be able to make your collections, but you'd also be a valuable asset to any Web3 team if you get good enough.

3. Start an NFT Project 🎨 - Most people consume and let the algorithm curate their life. It's rare for people to create or start something. If you see a problem you could solve in the space or make art for fun, think of starting a project, and you'd be surprised by the number of people that gravitate.

👉CryptoZombies.io is an excellent resource for learning the synergy between smart contracts and design!

4. Build connections 🔌 - Multi-millionaire Jian Tam said (in our podcast) that the biggest thing people overlook is building relationships. Understand the connection between the seller and consumer because no one is buying anything without that.

If you stay consistent, your efforts will be rewarded.

We're early on this. Make sure to stay tuned every week to get caught up on all the latest Web3 sauce.

Before this year, Luna Terra was once the stablecoin dominating the market.

After hedge funds heavily shorted it, the price crashed from $116.45 to lows of $0.0001.

Having a $50B market cap to becoming worthless in less than a week took a hit on investors. It propelled the bear market into motion.

And is now looked down upon because 👀:

  • It's fundamentally destroyed.

  • Offers no real utility.

  • Considered a meme/shit coin.

But hey, they have a cult-like following still cheering like soccer moms.

What's now the rebrand of Terra Luna; Luna Classic ($LUNC) has mooned 10x since June. Who said zombies aren't real?

The reason it pumped 📈

The holders prompted an aggressive buying strategy online to keep bullish pressure on the coin.

And they introduced a burning function on the DAO that burns 1.2% of all transactions which is designed to slowly reduce the supply of 6.15 trillion $LUNC tokens.

BUT those are not the reasons for this massive pump. 🙅‍♂️

It has more to do with the degenerate culture in crypto and investors being bored while the market drops, similar to meme stocks like $GME and $AMC.

Watching the irony play out in the market is a little comedic. Going from a top stablecoin to a shitcoin and then doing a 10x during the bear market. I can't make this shit up.

Should you buy it? 🧐

We made a checklist this week for you guys to DYOR on long-term investments.

If we use that list to examine Luna Classic ($LUNC), it barely has 2/5 requirements, which means it's a red flag.

Long-term :

Short-term: There could be a possible pump from hype but buying it will be more of a gamble. If you decide to play, write down your entree and exit points.

Use our FTX link for 5% off fees if you want to trade! It will also support these emails every day 👇

⏮ Weekly Wrap Up

Life comes at you fast.

Just in case you missed anything, these are topics we talked about more in depth this week.

Now, you’re ready for Monday!

Want to make an impact?

Now's your chance to partner with Seedphrase Daily so we can build this space together.

We aim to educate everyday people on subjects they might find challenging. So, we make it easy. By giving breakdowns, tips and opportunities to make money. There's never a dull moment.

Crypto looks like an orphanage with the amount of adoption we're seeing from mainstream companies.

In a recent announcement, GameStop partners with FTX to release new marketing initiatives and will begin carrying FTX gift cards in selected stores.

We don't have much more detail, so we'll have to see what they have in store. Pun intended.

The bigger picture 📸: Kids will walk into stores and get exposed to Web3 and DeFi early.

This gives me hope for the future generation to use the technology they grow up with to innovate even more.

If retailers don't adapt, they will end up like Kohl's.

🌱 NewSeeds

Some short but sweet stories this week.

Chicago Bulls to release NFT artwork Reimagining its iconic logo. Collectible items from a famous sports team are always worth watching. 👀

🪐 Meme of the Galaxy

F*** it. We up.

If you learned something share with your dog, therapist, drinking buddy or in-law.

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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